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Nut-Based Spreads Market

Global Nut-Based Spreads Market Size, Share & Trends Analysis Report by Product Type (Peanut-based Spreads, Almond-Based Spreads, Walnut-Based Spreads, Hazelnut-Based Spreads, and Others) and Forecast 2019-2025
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2019992 | Category : Processed & Frozen Foods | Delivery Format: /

The global nut-based spread market is expected to grow at a CAGR of 6% during the forecast period, with the health benefits being one of the primary driving factors. Nuts and seeds are continually gaining popularity as recipe ingredients, spreads, snacks, and as a delicacy. Consumption of nuts such as peanuts protects against various diseases including coronary heart disease (CHD), diabetes, and other metabolic syndrome diseases. Moreover, according to the National Institute of Health (NIH), nut-based spreads contain generous amounts of phytochemicals that protect against various cancers including colon cancer, prostate cancer, and breast cancer. In addition, the NIH also estimates that the relative risk of developing diabetes in individuals consuming nuts five or more times per week is around 27.0% less than those who rarely or never eat nuts. 

Segmental Outlook  

The global nut-based spread market is segmented on the basis of product type and region. On the basis of product type, the market is segmented into peanut-based spreads, walnut-based spreads, almond-based spreads, hazelnut-based spreads, and others. Hazelnut-based spreads are expected to gain significant traction during the forecast period, as consumers are looking for a healthy snack made from natural ingredients. Hazelnut spread offers ample opportunity to the product developers who are looking for protein-rich foods made from a plant-based source. With natural nut butter, consumers can be provided with a much-demanded clean label by the companies.

Global Nut-Based Spreads Market Share by Product Type, 2018 (%)

Global Nut-Based Spreads Market Share by Product Type

Peanut-based spreads led the market in 2018

Peanut-based spreads are highly preferred over other nut-based spreads and hence, consumed globally that contribute to the growth of the segment. The peanut-based spread is creamy, composed of peanut paste and stabilizer. In addition, it also contains sweetener, salt, emulsifier, and other ingredients. Comparatively high-protein content in peanut-based spreads over other nut-based spreads has attracted a pool of fitness-freak people in recent years. Athletes and other people who are much concerned about their physique are actively consuming peanut-based spreads such as peanut butter on a daily basis as a part of their diet. This has led to the higher growth of the segment. Peanut butter has also led the way for other nut-based spreads such as almond, cashew, and walnut for entering into the industry and offering a wider range of spreads for consumers. 

Regional Outlook 

Geographically, the study of the global nut-based spread market report covers the analysis of four major regions including North America (the US and Canada), Europe (Germany, UK, Italy, France, Italy, Spain, and Rest of Europe), and Rest of the World (RoW). North America is estimated to hold a significant share in the global market as the market for spreads such as jams and butter is well established with the presence of major brands in the region. In terms of revenue generation, North America is followed by Europe.   

Global Nut-Based Spreads Market Growth, by Region 2019-2025

Global Nut-Based Spreads Market Growth, by Region

Asia-Pacific is poised to show the fastest growth over the forecast period

Asia-Pacific is expected to show impressive growth during the forecast period. The growth is attributed to the large population base coupled with the rapidly expanding food and beverage industry in the region. Moreover, the increasing trend of packaged foods further creates the demand for nut-based spreads across Asian countries. Increasing demand for hazelnut low-fat spreads is augmenting the growth of the Asia-Pacific nut-based spreads market over the forecast period. 

Market Players Outlook

The nut-based spreads market is characterized by the presence of many players operating in the market. Some of the key players in the market include The J. M. Smucker Co., The Hershey Co., Conagra Brands Inc., Hormel Foods Corp., and Ferrero International SA. Due to cut-throat competition in the market, the players compete on the basis of the prices of the products. The nut-based industry is highly competitive with the presence of private labels that provide competition to major brands in terms of price and product innovation. 

A significant increase in the number of country-specific brands has been observed that offer similar products as that of well-established brands at a more competitive price. This leads to a rise in competition in the market. With such high competition, established brands in the market are forced to differentiate their products from their local producers, that leads to the innovation of product in the market. Further, this competition results in the fall of price, increasing the higher affordability of nut-based spreads in the market. 

The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global nut-based spreads market. Based on the availability of data, information related to products, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market. 

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report 

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Ferrero International S.A.

3.3.1.1. Overview

3.3.1.2. Financial Analysis

3.3.1.3. SWOT Analysis

3.3.1.4. Recent Developments

3.3.2. Hormel Foods Corp.

3.3.2.1. Overview

3.3.2.2. Financial Analysis

3.3.2.3. SWOT Analysis

3.3.2.4. Recent Developments

3.3.3. Conagra Brands Inc.

3.3.3.1. Overview

3.3.3.2. Financial Analysis

3.3.3.3. SWOT Analysis

3.3.3.4. Recent Developments

3.3.4. The Hershey Co.

3.3.4.1. Overview

3.3.4.2. Financial Analysis

3.3.4.3. SWOT Analysis

3.3.4.4. Recent Developments

3.3.5. The J.M. Smucker Co.

3.3.5.1. Overview

3.3.5.2. Financial Analysis

3.3.5.3. SWOT Analysis

3.3.5.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Nut-Based Spreads Market by Product Type

5.1.1. Peanut-Based Spreads

5.1.2. Almond-Based Spreads

5.1.3. Walnut-Based Spreads

5.1.4. Hazelnut-Based Spreads

5.1.5. Others (Cashew-Based Spreads)

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe

6.3. Asia-Pacific

6.3.1. China

6.3.2. Japan

6.3.3. India

6.3.4. Rest of Asia-Pacific

6.4. Rest of the World

7. Company Profiles

7.1. Abby's Better Nut Butter, LLC

7.2. Andros Group

7.3. Conagra Brands, Inc.

7.4. Crazy Richard’s Peanut Butter Co.

7.5. Dabur India Ltd.

7.6. Ferrero International S.A.

7.7. Hormel Foods Corp.

7.8. Nestle S.A.

7.9. Saratoga Peanut Butter Co.

7.10. The Hain Celestial Group, Inc.

7.11. The Hershey Co.

7.12. The J. M. Smucker Co.

7.13. The Kellogg Co.

7.14. The Kraft Heinz Co.

7.15. The Pillsbury Co.

7.16. Unilever Group

7.17. Welch Foods Inc.

1. GLOBAL NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

2. GLOBAL PEANUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL ALMOND-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL WALNUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

5. GLOBAL HAZELNUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

6. GLOBAL OTHER NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

7. GLOBAL NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

8. NORTH AMERICAN NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

9. NORTH AMERICAN NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

10. EUROPEAN NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

11. EUROPEAN NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

12. ASIA-PACIFIC NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

13. ASIA-PACIFIC NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

14. REST OF THE WORLD NUT-BASED SPREADS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

1. GLOBAL NUT-BASED SPREADS MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)

2. GLOBAL NUT-BASED SPREADS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

3. US NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

4. CANADA NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

5. UK NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

6. FRANCE NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

7. GERMANY NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

8. ITALY NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

9. SPAIN NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

10. ROE NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

11. CHINA NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

12. JAPAN NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

13. INDIA NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

14. REST OF ASIA-PACIFIC NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF THE WORLD NUT-BASED SPREADS MARKET SIZE, 2018-2025 ($ MILLION)

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