No-fat Peanut Butter Market Overview
According to Future Market Insights' latest report, the No-fat peanut butter market is expected to expand steadily between 2021 and 2031. No-fat peanut butter provides a rich flavour and enhances the taste in a variety of dishes.
Peanut butter is beneficial to health because it is high in protein, unsaturated fats, and essential amino acids. They also have a fantastic flavour and a good nutty scent. It is common throughout the world and can be used as a spread on toast, bread, or in smoothies and many more ways.
Frequent Snacking Along with Clean Labeling Is Driving the No-fat Peanut Butter Market
Customers are looking for round the clock snacking options more often rather than wholesome meals. High-protein snacks, such as No-fat peanut butter, have become increasingly popular as customers seek healthier, more convenient alternatives or meal replacer especially millennials. As the demand for healthy and nutritious, more efficient options grows, so will the trend for more protein- and nutrient-rich snacks.
Consumers are also careful about the ingredients that have been used in the product that they are consuming, hence transparency of product plays key roles in this sector as there is an increase in sales for products which has various certifications and labelling such as fat-free, soy-free, vegan, dairy-free.
Resulting manufacturers are offering products that have such certifications and labelling which is likely to expand demand for No-fat peanut butter.
The US and Canada No-fat Peanut Butter Market
The US is one of the prime markets for No-fat peanut butter globally. The US no-fat peanut butter market is set to expect remarkable CAGR during the assessment period 2021-2031.
Protein-rich and No-fat food are in high demand due to the growing health-conscious population and gym enthusiasts. In a fast-paced lifestyle, there is continuously propelling demand for food products that can be consumed immediately or take less cooking time and also provide necessary nutrients to the body, No-fat peanut butter fits perfectly those requirements.
Europe Demand Outlook for No-fat Peanut Butter Market
No-fat peanut butter is widely sold in European countries, with the Germany and United Kingdom having the dominant market share. This is owing to the high consumption of ready-to-eat and processed food products in the region. Furthermore, the flavours No-fat peanut butter industry has seen a lot of innovation over the years to meet the needs of European consumers.
As a result, it has taken the lead in raising the demand for low-fat peanut butter in these countries.
No-fat Peanut Butter Market: Key Players
Some key manufacturers functioning the business in the No-fat peanut butter market globally includes
- Kraft Canada Inc.
- ConAgra Brands
- J.M. Smucker Company
- Del Monte Food Inc.
- Hormel Foods Corporation
- Along with this Skippy
- Great Value
- Once Again Nut Butter
- Left Coast Performance
- Better'n Peanut Butter
- Smart Balance
- Legendary Foods
are some prominent brands operating in No-fat peanut butter market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
No-fat Peanut Butter: Market Segmentation
Based on Type:
- Creamy No-fat Peanut Butter
- Crunchy No-fat Peanut Butter
Based on Packaging:
- Stand Up Pouches
Based on the Distribution Channel:
- B2B (Direct Sales)
- B2C (Indirect Sales)
- Store-based Retailing
- Convenience Stores
- Specialty Stores
- Other Retailing Formats
- Online Retailing
- Store-based Retailing
Based on the Flavors:
- Natural Banana
- Natural Chocolate
Based on the Region:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa