Peanut Butter Market Size

Peanut Butter Market size was over USD 6.32 billion in 2023 and is poised to exceed USD 14.51 billion by 2036, witnessing over 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of peanut butter is evaluated at USD 6.65 billion.

Peanut butter is a low-calorie product that is rich in protein and has high nutritional value, made of peanuts. It is a widespread preferred sandwich spread, for children and adult as it both nutritious and health. The growing awareness for health and well-being pushed the buyers to switch to a natural diet, peanut butter came through as both a tasty and nutritious choice.

The modern populace expresses a lack of cooking skills and a greater level of technology literacy which makes them go for effortlessly available healthy food products into the market. This has attributed to the latest trend of “Food-on-the-go” and is the central concern for customers while buying food products.