Nut Butters Market to Witness Stunning Growth | Planters, Nutella, Bliss Nut Butter
According to HTF Market Intelligence, the Global Nut Butters market to witness a CAGR of 8.7% during forecast period of 2023-2028. The market is segmented by Global Nut Butters Market Breakdown by Type (Peanut, Almond, Cashew, Hazelnut, Others) by By Butter Category (Conventional, Organic) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Nut Butters market size is estimated to increase by USD 1.49 Billion at a CAGR of 8.7% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 3.55 Billion.
The nut butters market refers to the industry that produces and sells various types of nut-based spreads, including but not limited to peanut butter, almond butter, cashew butter, and hazelnut spread. These spreads are typically made by grinding nuts into a paste, which can be eaten on its own or used as a spread on bread, crackers, and other foods. Nut butters are often marketed as a healthier alternative to traditional spreads like butter and margarine, as they are a good source of protein, healthy fats, and other nutrients. The nut butter market includes both large manufacturers as well as small, artisanal producers who specialize in creating unique and flavorful spreads.
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