North America 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 North America Peanut Butter Market would witness market growth of 6.3% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 3050.1 hundred Tonnes, showcasing a growth of 2.1% (2020-2023).

Creamy peanut butter appeals to a broad consumer base, including children and adults alike, due to its ease of spreading on bread, crackers, and fruits, making it a staple in households and foodservice establishments. Its smooth texture also makes it a preferred choice for incorporating into recipes such as smoothies, sauces, and baked goods, contributing a rich nutty flavor and creamy mouthfeel. Therefore, the Mexico market utilized 98.1 hundred Tonnes of creamy peanut butter in 2023.

The US market dominated the North America Peanut Butter Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,070.9 Million by 2031. The Canada market is experiencing a CAGR of 6.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.3% during (2024 - 2031).

The peanut butter market is witnessing a proliferation of innovative flavor profiles and product variants, catering to diverse consumer tastes and preferences. Brands are introducing unique flavor combinations, such as honey-infused, chocolate-swirled, and spicy chili-infused peanut butter, offering consumers a broader range of options to suit their flavor preferences. Sustainability concerns drive demand for ethically sourced peanuts and eco-friendly packaging solutions within the peanut butter market. Brands are stressing sustainable sourcing practices, using recyclable or biodegradable packaging materials, and supporting fair trade initiatives to meet consumer expectations for sustainable products while reducing their environmental impact.

Furthermore, the peanut butter market is characterized by a spirit of innovation and creativity, with brands continually pushing the boundaries of taste, texture, and functionality to captivate consumers and differentiate their products in a competitive landscape. Several notable innovations are reshaping the peanut butter market, offering consumers new and exciting options. Beyond traditional creamy and crunchy varieties, peanut butter brands introduce diverse texture variations to cater to consumer preferences. From smooth and silky to chunky and textured, brands offer various texture options to suit individual tastes and culinary applications.

The proliferation of supermarkets and hypermarkets across the United States has made peanut butter more accessible to consumers. These large-scale retail outlets are typically located in high-traffic areas, making it convenient for consumers to purchase peanut butter during regular grocery shopping trips. Hence, the proliferation of e-commerce and hypermarkets/supermarkets in North America will boost the demand for peanut butter in the region.

Free Valuable Insights: The Peanut Butter Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.

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)

North America 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)

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. MarketScope & Methodology
1.1 MarketDefinition
1.2 Objectives
1.3 MarketScope
1.4 Segmentation
1.4.1 North America Peanut Butter Market, by Type
1.4.2 North America Peanut Butter Market, by Distribution Channel
1.4.3 North America 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. North America Peanut Butter Market by Type
5.1 North America Crunchy Market by Country
5.2 North America Creamy Market by Country
5.3 North America Other Market by Country

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

Chapter 7. North America Peanut Butter Market by Country
7.1 US Peanut Butter Market
7.1.1 US Peanut Butter Market by Type
7.1.2 US Peanut Butter Market by Distribution Channel
7.2 Canada Peanut Butter Market
7.2.1 Canada Peanut Butter Market by Type
7.2.2 Canada Peanut Butter Market by Distribution Channel
7.3 Mexico Peanut Butter Market
7.3.1 Mexico Peanut Butter Market by Type
7.3.2 Mexico Peanut Butter Market by Distribution Channel
7.4 Rest of North America Peanut Butter Market
7.4.1 Rest of North America Peanut Butter Market by Type
7.4.2 Rest of North America 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 North America Peanut Butter Market, 2020 - 2023, USD Million
TABLE 2 North America Peanut Butter Market, 2024 - 2031, USD Million
TABLE 3 North America Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 4 North America Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 5 North America Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 6 North America Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 7 North America Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 8 North America Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 9 North America Crunchy Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Crunchy Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Crunchy Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 12 North America Crunchy Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 13 North America Creamy Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Creamy Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Creamy Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 16 North America Creamy Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 17 North America Other Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Other Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Other Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 20 North America Other Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 21 North America Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 22 North America Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 23 North America Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 24 North America Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 25 North America Offline Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Offline Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Offline Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 28 North America Offline Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 29 North America Online Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Online Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Online Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 32 North America Online Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 33 North America Peanut Butter Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Peanut Butter Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Peanut Butter Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 36 North America Peanut Butter Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 37 US Peanut Butter Market, 2020 - 2023, USD Million
TABLE 38 US Peanut Butter Market, 2024 - 2031, USD Million
TABLE 39 US Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 40 US Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 41 US Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 42 US Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 43 US Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 44 US Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 45 US Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 46 US Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 47 US Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 48 US Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 49 Canada Peanut Butter Market, 2020 - 2023, USD Million
TABLE 50 Canada Peanut Butter Market, 2024 - 2031, USD Million
TABLE 51 Canada Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 52 Canada Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 53 Canada Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 54 Canada Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 55 Canada Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 56 Canada Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 57 Canada Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 58 Canada Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 59 Canada Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 60 Canada Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 61 Mexico Peanut Butter Market, 2020 - 2023, USD Million
TABLE 62 Mexico Peanut Butter Market, 2024 - 2031, USD Million
TABLE 63 Mexico Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 64 Mexico Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 65 Mexico Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 66 Mexico Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 67 Mexico Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 68 Mexico Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 69 Mexico Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 70 Mexico Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 71 Mexico Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 72 Mexico Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 73 Rest of North America Peanut Butter Market, 2020 - 2023, USD Million
TABLE 74 Rest of North America Peanut Butter Market, 2024 - 2031, USD Million
TABLE 75 Rest of North America Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 76 Rest of North America Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 77 Rest of North America Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 78 Rest of North America Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 79 Rest of North America Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 80 Rest of North America Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 81 Rest of North America Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 82 Rest of North America Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 83 Rest of North America Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 84 Rest of North America Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 85 Key Information – The Procter & Gamble Company
TABLE 86 Key Information – Unilever PLC
TABLE 87 Key Information – Hormel Foods Corporation
TABLE 88 Key Information – The Kraft Heinz Company
TABLE 89 Key Information – Associated British Foods PLC
TABLE 90 Key Information –The Hershey Company
TABLE 91 key information – Mars, Inc.
TABLE 92 Key Information – Dr. August Oetker KG
TABLE 93 Key Information – The J.M Smucker Company
TABLE 94 Key Information – Algood Food Company

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Peanut Butter Marketshare by Type, 2023
FIG 6 North America Peanut Butter Marketshare by Type, 2031
FIG 7 North America Peanut Butter Market by Type, 2020 - 2031, USD Million
FIG 8 North America Peanut Butter Marketshare by Distribution Channel, 2023
FIG 9 North America Peanut Butter Marketshare by Distribution Channel, 2031
FIG 10 North America Peanut Butter Market by Distribution Channel, 2020 - 2031, USD Million
FIG 11 North America Peanut Butter Marketshare by Country, 2023
FIG 12 North America Peanut Butter Marketshare by Country, 2031
FIG 13 North America 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