LAMEA Peanut Butter Market Size, Share & Trends Analysis Report By Type (Crunchy, Creamy, and Other), By Distribution Channel (Offline, and Online). By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Peanut Butter Market would witness market growth of 8.2% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 742.6 hundred Tonnes, showcasing a growth of 9.8% (2024-2031).

Online distribution channels offer unparalleled convenience, enabling consumers to browse a wide variety of peanut butter brands, flavors, and packaging options from the comfort of their homes. Moreover, online platforms often provide detailed product descriptions, customer reviews, and comparison tools, empowering consumers to make informed purchasing decisions. Therefore, UAE market consumed 18.22 hundred Tonnes of peanut butter from online distribution channel in 2023.

The Brazil market dominated the LAMEA Peanut Butter Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $225 Million by 2031. The Argentina market is showcasing a CAGR of 8.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.8% during (2024 - 2031).

Peanut butter, a beloved staple in households everywhere, has emerged as a versatile and nutritious food product with a rich history and widespread popularity. From its humble beginnings as a protein-rich spread to its evolution into a versatile ingredient in many culinary creations, the peanut butter market continues to captivate consumers with its taste, convenience, and nutritional benefits.

In addition, the growing awareness of the health benefits associated with peanut butter, including its high protein content, heart-healthy fats, and essential nutrients, has contributed to its widespread adoption among health-conscious consumers. Additionally, the rise of vegetarian, vegan, and plant-based diets has fueled demand for peanut butter as a plant-based protein alternative, further driving its adoption and consumption.

The UAE's population exhibits a growing interest in health and wellness, driving demand for nutritious and better-for-you food options. Peanut butter aligns with the preferences of health-conscious consumers seeking balanced and wholesome meals. Food service establishments in the UAE are responding to this trend by incorporating peanut butter into menu items such as smoothies, salads, wraps, and protein bowls, catering to the health-conscious segment of the population and driving demand for peanut butter products. Therefore, owing to the rising demand in food service and retail sectors in LAMEA will fuel the demand for peanut butter in the region.

Free Valuable Insights: The Worldwide Peanut Butter Market is Projected to reach USD 9.9 Billion by 2031, at a CAGR of 6.8%

Based on Type, the market is segmented into Crunchy, Creamy, and Other. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• The Procter & Gamble Company
• Unilever PLC
• Hormel Foods Corporation (MegaMex Foods, LLC)
• The Kraft Heinz Company
• Associated British Foods PLC (Wittington Investments Limited)
• The Hershey Company
• Mars, Inc.
• Dr. August Oetker KG
• The J.M Smucker Company
• Algood Food Company (Bowman Andros Products, LLC)

LAMEA Peanut Butter Market Report Segmentation

By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)

• Crunchy
• Creamy
• Other

By Distribution Channel (Volume, Hundred Tonnes, USD Billion, 2020-2031)

• Offline
• Online

By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. MarketScope & Methodology
1.1 MarketDefinition
1.2 Objectives
1.3 MarketScope
1.4 Segmentation
1.4.1 LAMEA Peanut Butter Market, by Type
1.4.2 LAMEA Peanut Butter Market, by Distribution Channel
1.4.3 LAMEA Peanut Butter Market, by Country
1.5 Methodology for the research

Chapter 2. Marketat a Glance
2.1 Key Highlights

Chapter 3. MarketOverview
3.1 Introduction
3.1.1 Overview
3.1.1.1 MarketComposition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 MarketDrivers
3.2.2 MarketRestraints
3.2.3 MarketOpportunities
3.2.4 MarketChallenges
3.3 Porter’s Five Forces Analysis

Chapter 4. Recent Strategies Deployed in Peanut Butter Market

Chapter 5. LAMEA Peanut Butter Market by Type
5.1 LAMEA Crunchy Market by Country
5.2 LAMEA Creamy Market by Country
5.3 LAMEA Other Market by Country

Chapter 6. LAMEA Peanut Butter Market by Distribution Channel
6.1 LAMEA Offline Market by Country
6.2 LAMEA Online Market by Country

Chapter 7. LAMEA Peanut Butter Market by Country
7.1 Brazil Peanut Butter Market
7.1.1 Brazil Peanut Butter Market by Type
7.1.2 Brazil Peanut Butter Market by Distribution Channel
7.2 Argentina Peanut Butter Market
7.2.1 Argentina Peanut Butter Market by Type
7.2.2 Argentina Peanut Butter Market by Distribution Channel
7.3 UAE Peanut Butter Market
7.3.1 UAE Peanut Butter Market by Type
7.3.2 UAE Peanut Butter Market by Distribution Channel
7.4 Saudi Arabia Peanut Butter Market
7.4.1 Saudi Arabia Peanut Butter Market by Type
7.4.2 Saudi Arabia Peanut Butter Market by Distribution Channel
7.5 South Africa Peanut Butter Market
7.5.1 South Africa Peanut Butter Market by Type
7.5.2 South Africa Peanut Butter Market by Distribution Channel
7.6 Nigeria Peanut Butter Market
7.6.1 Nigeria Peanut Butter Market by Type
7.6.2 Nigeria Peanut Butter Market by Distribution Channel
7.7 Rest of LAMEA Peanut Butter Market
7.7.1 Rest of LAMEA Peanut Butter Market by Type
7.7.2 Rest of LAMEA Peanut Butter Market by Distribution Channel

Chapter 8. Company Profiles
8.1 The Procter & Gamble Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Unilever PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Hormel Foods Corporation (MegaMex Foods, LLC)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 The Kraft Heinz Company
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Associated British Foods PLC (Wittington Investments Limited)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 The Hershey Company
8.6.1 Company overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Product Launches and Product Expansions:
8.6.4.3 Acquisition and Mergers:
8.6.4.4 Geographical Expansions:
8.6.5 SWOT Analysis
8.7 Mars, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.7.3 SWOT Analysis
8.8 Dr. August Oetker KG
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 SWOT Analysis
8.9 The J.M Smucker Company
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.9.5.2 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Algood Food Company (Bowman Andros Products, LLC)
8.10.1 Company Overview
8.10.2 SWOT Analysis

TABLE 1 LAMEA Peanut Butter Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Peanut Butter Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 4 LAMEA Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 5 LAMEA Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 6 LAMEA Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 7 LAMEA Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 8 LAMEA Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 9 LAMEA Crunchy Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Crunchy Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Crunchy Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 12 LAMEA Crunchy Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 13 LAMEA Creamy Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Creamy Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Creamy Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 16 LAMEA Creamy Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 17 LAMEA Other Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Other Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Other Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 20 LAMEA Other Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 21 LAMEA Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 22 LAMEA Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 23 LAMEA Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 24 LAMEA Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 25 LAMEA Offline Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Offline Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Offline Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 28 LAMEA Offline Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 29 LAMEA Online Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Online Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Online Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 32 LAMEA Online Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 33 LAMEA Peanut Butter Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Peanut Butter Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Peanut Butter Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 36 LAMEA Peanut Butter Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 37 Brazil Peanut Butter Market, 2020 - 2023, USD Million
TABLE 38 Brazil Peanut Butter Market, 2024 - 2031, USD Million
TABLE 39 Brazil Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 40 Brazil Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 41 Brazil Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 42 Brazil Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 43 Brazil Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 44 Brazil Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 45 Brazil Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 46 Brazil Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 47 Brazil Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 48 Brazil Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 49 Argentina Peanut Butter Market, 2020 - 2023, USD Million
TABLE 50 Argentina Peanut Butter Market, 2024 - 2031, USD Million
TABLE 51 Argentina Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 52 Argentina Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 53 Argentina Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 54 Argentina Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 55 Argentina Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 56 Argentina Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 57 Argentina Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 58 Argentina Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 59 Argentina Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 60 Argentina Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 61 UAE Peanut Butter Market, 2020 - 2023, USD Million
TABLE 62 UAE Peanut Butter Market, 2024 - 2031, USD Million
TABLE 63 UAE Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 64 UAE Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 65 UAE Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 66 UAE Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 67 UAE Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 68 UAE Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 69 UAE Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 70 UAE Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 71 UAE Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 72 UAE Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 73 Saudi Arabia Peanut Butter Market, 2020 - 2023, USD Million
TABLE 74 Saudi Arabia Peanut Butter Market, 2024 - 2031, USD Million
TABLE 75 Saudi Arabia Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 76 Saudi Arabia Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 77 Saudi Arabia Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 78 Saudi Arabia Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 79 Saudi Arabia Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 80 Saudi Arabia Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 81 Saudi Arabia Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 82 Saudi Arabia Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 83 Saudi Arabia Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 84 Saudi Arabia Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 85 South Africa Peanut Butter Market, 2020 - 2023, USD Million
TABLE 86 South Africa Peanut Butter Market, 2024 - 2031, USD Million
TABLE 87 South Africa Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 88 South Africa Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 89 South Africa Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 90 South Africa Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 91 South Africa Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 92 South Africa Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 93 South Africa Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 94 South Africa Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 95 South Africa Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 96 South Africa Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 97 Nigeria Peanut Butter Market, 2020 - 2023, USD Million
TABLE 98 Nigeria Peanut Butter Market, 2024 - 2031, USD Million
TABLE 99 Nigeria Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 100 Nigeria Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 101 Nigeria Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 102 Nigeria Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 103 Nigeria Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 104 Nigeria Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 105 Nigeria Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 106 Nigeria Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 107 Nigeria Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 108 Nigeria Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 109 Rest of LAMEA Peanut Butter Market, 2020 - 2023, USD Million
TABLE 110 Rest of LAMEA Peanut Butter Market, 2024 - 2031, USD Million
TABLE 111 Rest of LAMEA Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 112 Rest of LAMEA Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 113 Rest of LAMEA Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 114 Rest of LAMEA Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 115 Rest of LAMEA Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 116 Rest of LAMEA Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 117 Rest of LAMEA Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 118 Rest of LAMEA Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 119 Rest of LAMEA Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 120 Rest of LAMEA Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 121 Key Information – The Procter & Gamble Company
TABLE 122 Key Information – Unilever PLC
TABLE 123 Key Information – Hormel Foods Corporation
TABLE 124 Key Information – The Kraft Heinz Company
TABLE 125 Key Information – Associated British Foods PLC
TABLE 126 Key Information –The Hershey Company
TABLE 127 key information – Mars, Inc.
TABLE 128 Key Information – Dr. August Oetker KG
TABLE 129 Key Information – The J.M Smucker Company
TABLE 130 Key Information – Algood Food Company

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Peanut Butter Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Peanut Butter Market
FIG 4 Porter’s Five Forces Analysis – Peanut butter market
FIG 5 LAMEA Peanut Butter Marketshare by Type, 2023
FIG 6 LAMEA Peanut Butter Marketshare by Type, 2031
FIG 7 LAMEA Peanut Butter Market by Type, 2020 - 2031, USD Million
FIG 8 LAMEA Peanut Butter Marketshare by Distribution Channel, 2023
FIG 9 LAMEA Peanut Butter Marketshar by Distribution Channel, 2031
FIG 10 LAMEA Peanut Butter Market by Distribution Channel, 2020 - 2031, USD Million
FIG 11 LAMEA Peanut Butter Marketshare by Country, 2023
FIG 12 LAMEA Peanut Butter Marketshare by Country, 2031
FIG 13 LAMEA Peanut Butter Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: The Procter & Gamble Company
FIG 15 SWOT Analysis: Unilever PLC
FIG 16 Recent strategies and developments: Hormel Foods Corporation
FIG 17 SWOT Analysis: Hormel Foods Corporation
FIG 18 SWOT Analysis: The Kraft Heinz Company
FIG 19 Swot Analysis: Associated British Foods PLC
FIG 20 Recent strategies and developments: The Hershey Company
FIG 21 SWOT Analysis: The Hershey Company
FIG 22 Swot Analysis: Mars, Inc.
FIG 23 SWOT Analysis: Dr. August Oetker KG
FIG 24 Recent strategies and developments: The J.M. Smucker Company
FIG 25 Swot Analysis: The J.M Smucker Company
FIG 26 Swot Analysis: Algood Food Company