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The North America peanut butter market reached a volume of 258.7 Kilo Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 311.2 Kilo Tons by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Peanut butter is a food paste which is essentially prepared from ground dry roasted peanuts. In comparison with other spreads, it is a low-calorie product with a high protein content that serves as an ideal substitute of milk butter. Largely used as a sandwich spread, it can either be used with other kind of spreads or in savory sauces, bakery products and smoothies.
The North America peanut butter market is currently being driven by several factors. Peanut butter is considered as a staple food and it is used in households as a spread for breakfast and lunch, or as a snack. The rising demand for peanut butter in bakeries and confectionaries for preparing cookies, cupcakes, pies, biscuits, muffins, cakes, stuffed celery, frosting, peanut butter rolls, and brownies, has catalyzed the market growth in the region. Furthermore, it is also utilized in salad dressings, vegetable sauces, soups, corn bread, meat loaf and boiled custard. Apart from this, the easy availability of peanut butter variants, including creamy, crunchy/chunky, natural, reduced fat and honey roasted peanut butter, has also spurred its demand in the region. Moreover, the increasing health-consciousness, rising cases of lifestyle diseases, and the need for nutritious and low-calorie food products is anticipated to support the demand for peanut butter in the upcoming years owing to its numerous health benefits.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America peanut butter market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on product type and distribution channel.
|Base Year of the Analysis||2020|
|Units||'000 Tons, Million US$|
|Segment Coverage||Product Type, Distribution Channel, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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