Peanut Butter Market Industry Insights, Trends, and Forecasts to 2029
Data Bridge Market Research analyses that the Peanut Butter Market was valued at USD 4.77 billion in 2021 and is expected to reach USD 7.19 billion by 2029, registering a CAGR of 6.60% during the forecast period of 2022 to 2029. Industry Analysis Peanut butter is rapidly gaining traction because of its growing popularity among the health-conscious millennia. Peanut butter is a type of food glue made from pulverized, boiled peanuts. Unlike other spreads, it is a low-calorie item with a high protein content that works well as a substitute for milk margarine. It is commonly used as a sandwich spread, but it can also be used with other types of spreads and in exquisite sauces, pastry shop goods, and smoothies. Consumers' shift toward healthier breakfast and snack options and altering eating habits all contribute to market growth. Peanuts are a staple crop farmed all over the world and are economically utilized to make oil, butter, flour, confections, and snack foods. Peanut b...