Market Overview

The Global Nut Butters Market was valued at USD 3,997.0 million in 2023 and is expected to reach USD 5,816.0 million by 2031 while growing at a CAGR of 4.8% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global nut butters market growth. Nut butters, such as peanut, almond, cashew, and hazelnut butter, are made by grinding nuts into a paste. Raw or roasted nuts are ground to achieve a smooth or chunky texture, with optional additions like oil, salt, or sweeteners for flavor enhancement.

Growing awareness of health, wellness, and plant-based diets drives the net butters market, yet obstacles such as allergen concerns and price volatility could hinder its growth.

Furthermore, the global nut butters industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Nut Butters Market is segmented among Peanut, Almond, Cashew, Hazelnut, and Others, based on Product Type. In 2023, Almond accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Category Analysis

The Global Nut Butters Market is segmented among Conventional, and Organic, based on Product. In 2023, Conventional accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Nut Butters Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, and is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Hormel Foods Corporation, Hain Celestial, The J.M. Smucker Co., Bliss Nut Butters, East Wind Nut Butters, NuttZo Co., Barney Butters, Betsy's Best, Bliss Nut Butters, Krema, Ferrero, and Funky Nut Company.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Nut Butters Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Nut Butters Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Nut Butters Market Segmentation, By Product Type

• Global Nut Butters Market Share Analysis, By Product Type

• Global Nut Butters Market Growth Analysis, By Product Type

• Global Nut Butters Market Trends, By Product Type

o Peanut

o Almond

o Cashew

o Hazelnut

o Others

6. Global Nut Butters Market Segmentation, By Category

• Global Nut Butters Market Share Analysis, By Category

• Global Nut Butters Market Growth Analysis, By Category

• Global Nut Butters Market Trends, By Category

o Conventional

o Organic

7. Global Nut Butters Market Segmentation, By Distribution Channel

• Global Nut Butters Market Share Analysis, By Distribution Channel

• Global Nut Butters Market Growth Analysis, By Distribution Channel

• Global Nut Butters Market Trends, By Distribution Channel

o Hypermarket/Supermarket

o Convenience Stores

o Specialty Stores

o Online Distribution Channel  

8. Global Nut Butters Market Segmentation, By Region

• Global Nut Butters Market Share Analysis, By Region

• Global Nut Butters Market Growth Analysis, By Region

• Global Nut Butters Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Hormel Foods Corporation*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Hain Celestial

• The J.M. Smucker Co.

• Bliss Nut Butters

• East Wind Nut Butters

• NuttZo Co.

• Barney Butters

• Betsy's Best

• Bliss Nut Butters

• Krema

• Ferrero

• Funky Nut Company

*Similar analysis will be provided for each company listed above.