Product Code: 16413
The Global Peanut Butter Market will grow from USD 7.39 Billion in 2025 to USD 11.06 Billion by 2031 at a 6.95% CAGR. Peanut butter is a nutrient-dense food paste produced primarily from ground, dry-roasted peanuts, serving globally as a versatile spread and functional ingredient. The market expansion is fundamentally driven by the rising consumer demand for affordable plant-based protein sources and the convenience of shelf-stable ready-to-eat products.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 7.39 Billion |
| Market Size 2031 | USD 11.06 Billion |
| CAGR 2026-2031 | 6.95% |
| Fastest Growing Segment | Online |
| Largest Market | North America |
Key Market Drivers
Escalating consumer demand for plant-based and high-protein diets is a primary catalyst propelling the global peanut butter market, as individuals increasingly seek sustainable, nutrient-rich alternatives to animal-derived proteins. This shift is deeply rooted in environmental consciousness and health awareness, positioning peanut butter as a preferred clean-label protein source.
Key Market Challenges
Stringent food safety regulations concerning aflatoxin contamination act as a substantial non-tariff trade barrier that hampers the efficiency and expansion of the Global Peanut Butter Market. Since aflatoxin levels in raw peanuts fluctuate based on climate conditions, international markets enforce rigorous Maximum Residue Limits that vary significantly by region. This lack of regulatory harmonization compels manufacturers to adopt expensive, multi-layered testing protocols and segregated inventory systems to ensure compliance for each specific destination. These added operational layers directly increase the cost of goods sold and introduce severe logistical complexities that slow down supply chain velocity and discourage cross-border transactions.
Key Market Trends
The integration of peanut butter into savory foodservice and fusion cuisine applications is reshaping global consumption patterns as culinary professionals increasingly utilize the ingredient for sauces, marinades, and dressings beyond traditional sweet spreads. This trend is particularly evident in the growing export demand from Asian markets, where peanuts are a staple in savory dishes such as satays and curries, prompting manufacturers to tailor formulations for versatility in professional kitchens.
Key Market Players
- J.M. Smucker Company
- Kellogg Company
- Kraft Foods
- Mars, Inc.
- Conagra Brands, Inc.
- Hormel Foods Corporation
- Oetker Group
- The Hershey Company
- Unilever Plc
- Associated British Foods plc
Report Scope:
In this report, the Global Peanut Butter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Peanut Butter Market, By Product:
Peanut Butter Market, By Distribution Channel:
Peanut Butter Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Peanut Butter Market.
Available Customizations:
Global Peanut Butter Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Peanut Butter Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Product (Crunchy, Creamy, Others)
- 5.2.2. By Distribution Channel (Offline, Online)
- 5.2.3. By Region
- 5.2.4. By Company (2025)
- 5.3. Market Map
6. North America Peanut Butter Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Distribution Channel
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Peanut Butter Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Product
- 6.3.1.2.2. By Distribution Channel
- 6.3.2. Canada Peanut Butter Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Product
- 6.3.2.2.2. By Distribution Channel
- 6.3.3. Mexico Peanut Butter Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Product
- 6.3.3.2.2. By Distribution Channel
7. Europe Peanut Butter Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Distribution Channel
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Peanut Butter Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Product
- 7.3.1.2.2. By Distribution Channel
- 7.3.2. France Peanut Butter Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Product
- 7.3.2.2.2. By Distribution Channel
- 7.3.3. United Kingdom Peanut Butter Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Product
- 7.3.3.2.2. By Distribution Channel
- 7.3.4. Italy Peanut Butter Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Product
- 7.3.4.2.2. By Distribution Channel
- 7.3.5. Spain Peanut Butter Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Product
- 7.3.5.2.2. By Distribution Channel
8. Asia Pacific Peanut Butter Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Distribution Channel
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Peanut Butter Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Product
- 8.3.1.2.2. By Distribution Channel
- 8.3.2. India Peanut Butter Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Product
- 8.3.2.2.2. By Distribution Channel
- 8.3.3. Japan Peanut Butter Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Product
- 8.3.3.2.2. By Distribution Channel
- 8.3.4. South Korea Peanut Butter Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Product
- 8.3.4.2.2. By Distribution Channel
- 8.3.5. Australia Peanut Butter Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Product
- 8.3.5.2.2. By Distribution Channel
9. Middle East & Africa Peanut Butter Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Distribution Channel
- 9.2.3. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Peanut Butter Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Product
- 9.3.1.2.2. By Distribution Channel
- 9.3.2. UAE Peanut Butter Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Product
- 9.3.2.2.2. By Distribution Channel
- 9.3.3. South Africa Peanut Butter Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Product
- 9.3.3.2.2. By Distribution Channel
10. South America Peanut Butter Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Distribution Channel
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Peanut Butter Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Product
- 10.3.1.2.2. By Distribution Channel
- 10.3.2. Colombia Peanut Butter Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Product
- 10.3.2.2.2. By Distribution Channel
- 10.3.3. Argentina Peanut Butter Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Product
- 10.3.3.2.2. By Distribution Channel
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Peanut Butter Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. J.M. Smucker Company
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Kellogg Company
- 15.3. Kraft Foods
- 15.4. Mars, Inc.
- 15.5. Conagra Brands, Inc.
- 15.6. Hormel Foods Corporation
- 15.7. Oetker Group
- 15.8. The Hershey Company
- 15.9. Unilever Plc
- 15.10. Associated British Foods plc
16. Strategic Recommendations
17. About Us & Disclaimer