logo

Nut Based Spread Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global nut-based spread market is segmented by Product Type into Peanut-based spreads, Hazelnut-based spreads, Almond based spreads, Walnut-based spreads, Others; by Distribution Channel into Hypermarket/Supermarket, Convenience Stores, Specialist Retailers, Online Retail and Other Channels; and by Geography.

Home Industry Reports Food & Beverage Nut Based Spread Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - ...

Market Snapshot

Nut-Based Spreads Market Summary
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

7.0 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global nut-based spread market is projected to register a CAGR of 7% during the forecast period (2020 - 2025).

  • Nut-based spreads are finding an increased consumption among the consumers, owing to the nutritional benefits of the spreads, the different mouthfeel from normal spreads, etc.
  • Peanut butter allergies have led to the decline in the peanut butter market and hence led to the increase in consumption of other nut-based spreads.
  • Almond holds a larger share among the nut-based spreads followed by hazelnut spreads.
  • There is a great scope for innovation in the market majorly the blending of flavors.
  • Apart from the well-established brands, various small players are also entering the market with a wide product portfolio.

Scope of the Report

Global nut based spread market is segmented by product type into peanut-based spreads, almond based spreads, walnut-based spreads, cashew based spreads, hazelnut-based spreads, other product types. Others category includes coconut and macadamia nut, pecan, and pistachio-based butters and spreads. By distribution channel the market is fragmented into hypermarket/supermarket, convenience stores, specialist retailers, online retail and other channels. The Geographical analysis of the market has also been added.

By Product Type
Peanut Based Spreads
Almond Based Spreads
Walnut Based Spreads
Cashew Based Spreads
Hazelnut Based Spreads
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialist Retailers
Online Retail Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Hazelnut Spreads is the Fastest Growing Segment

Hazelnut spreads is the second largest segment with only almond spreads ahead of it. Hazelnut also contribute to the chocolate and other nut based spreads. Consumers seeking for various healthy options of spreads are also boosting the hazelnut market. The consumers who follows a plant based diets are the major users of  nut based spreads. The major players are making use of this opportunity to produce protein rich spreads from plant sources. High sugar content of the hazelnut chocolate spreads has negetaively impacted the market as the consumers are becoming more health conscious and are looking for low sugar substitutes.

Nut Based Spread Market1

To understand key trends, Download Sample Report

North America is the Largest Market for Global Nut based Spreads Market

North American spreads market is a well established market and the production of nut based spreads in the region is self sufficient. Nut based spreads were established in the North American market at the initial stages of the product introdcution and is a part of the American breakfast. United States is the largest market in North America and accounts for around 30% of the region's share. Increasing demand for low fat spreads is a major factor driving the nut based spreads in North America. Major brands such as Nutella are dominating the market and coming up with various innovations such as spreads made with natural ingredients i.e. free from additives like artificial sugars, gelling agents etc.

Nut Based Spread Market2

To understand geography trends, Download Sample Report

Competitive Landscape

Global nut-based spread market is a highly concentrated market with the major 4-5 players holding more than 60% of the market share. JM Smucker’s, Kraft Foods Group, ConAgra Foods Inc., and Hormel Foods Corporation dominate the market. Apart from the major players, there are many other players competing in the market.

nut based spreads market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Peanut Based Spreads

      2. 5.1.2 Almond Based Spreads

      3. 5.1.3 Walnut Based Spreads

      4. 5.1.4 Cashew Based Spreads

      5. 5.1.5 Hazelnut Based Spreads

      6. 5.1.6 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Specialist Retailers

      4. 5.2.4 Online Retail Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 The J.M. Smucker Company

      2. 6.4.2 The Kraft Heinz Company

      3. 6.4.3 Hormel Foods Corporation

      4. 6.4.4 Conagra Foods Inc.

      5. 6.4.5 Ferrero International

      6. 6.4.6 Nestle SA

      7. 6.4.7 The Hershey Company

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Global Nut Based Spread Market market is studied from 2016 - 2026.

The Global Nut Based Spread Market is growing at a CAGR of 7.0% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • The J.M. Smucker Company
  • The Kraft Heinz Company
  • Conagra Brands, Inc.
  • Ferrero International
  • Nestle SA

Are the major companies operating in Global Nut Based Spread Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!