Peanut Paste Market Scope
Peanut paste is a delicious smooth spread made of roasted peanuts and can be used in various applications. This is a healthy option because it does not contain any harmful cholesterol and transfat. Also, it is a healthy alternative of protein for vegetarians. This has also turned out to be extremely popular among children as well.
The market study is being classified, by Application (Cooking, Confectioneries, Bakery Products and Snacks) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Peanut Paste market throughout the predicted period.
Hormel Foods Corporation (United States), The J. M. Smucker Co. (United States), Kraft Foods (United States), Algood Food Company (United States), Conagra Brands, Inc. (United States), Saratoga Peanut Butter Company (United States), The Leavitt Corporation (United States), Cape May Peanut Butter Co. (United States), Ruparel Foods (India), Crazy Richard (United States) and Smithville Peanut Butter Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Peanut Butter & Co. (United States) and Sonya Foods (India).
AdvanceMarketAnalytics has segmented the market of Global Peanut Paste market by Type, Application and Region.
On the basis of geography, the market of Peanut Paste has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Nov 2018, The Boston Celtics announced their official partnership with Teddie Natural Peanut Butter, the top-selling peanut butter brand throughout the Northeast.
In July 2019, Conagra Brands Launches Robust Pipeline Of New Food Innovation. The company is kicking off its fiscal year with dozens of new product launches across the four domains in which its iconic and emerging brands compete: Frozen & Refrigerated Meals, Snacks & Sweet Treats, Condiments & Enhancers, and Shelf-Stable Meals & Sides.
- Due to Low-calorie Products with High Protein content, Peanut Paste Serves as a Substitute for Milk Butter
- Growing Demand due to E-Commerce Segment and Emphasizing On Marketing and Advertising Strategies
- High Consumption of Peanut Paste includes Various Benefits such as to Reduce the Weight
- High Demand from food and Beverage Industry
- Growing Food and Beverage Industry in Developing Countries
- Rising Preferences for Nutritious Product among Population
- Fluctuation in the Price of Raw Material
- Growing Dominance of Local Players in Market
Key Target AudiencePeanut Paste Manufacturers, Peanut Paste Distributors, Research and Development Institutes, Potential Investors and Raw Material Suppliers
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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