Nut Based Spreads Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Nut Butters Market Size & Share and it is Segmented by Product Type (Peanut-based Spreads, Hazelnut-based Spreads, Almond-based Spreads, Walnut-based Spreads, Cashew-based Spreads, and Other Product Types), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialist Retailers, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The market size is provided in terms of value (USD million) during the projected period for the above segments.

Nut Based Spreads Market Size

Nut Based Spread Market Summary

Nut Based Spreads Market Analysis

The Nut Based Spread Market size is estimated at USD 5.87 billion in 2025, and is expected to reach USD 7.24 billion by 2030, at a CAGR of 4.27% during the forecast period (2025-2030).

The demand for nut-based products belonging to the categories such as snacks, dairy, bakery, and confectionery is gaining importance in the market. Increasing health concerns among consumers in the market, such as gluten intolerance and the prevalence of allergens, encourage them to opt for hazelnut and almond spreads over conventional spreads available in the market. Manufacturers are focusing on launching novel flavors in the market to cater to the demand. For instance, in September 2022, Orinoco Foods launched "Nutti Cream," a hazelnut spread that has chocolate flavoring. The products are initially retailed across Florida, Texas, Georgia, Indiana, and Illinois.

The increasing consumer health awareness and the rising disposable income across regions have encouraged people to opt for high-quality nut products. Consumer preferences for convenience products with health and wellness claims have led to high demand for nut products. The increased health consciousness and awareness have led to a change in the consumption pattern. Additionally, nut-based products are also being used for various purposes. Nut-based spreads such as hazelnut, cashew nut, and almond spreads are gaining importance in the market for their nutritional benefits. These products are often consumed as a snack and breakfast spread and included in smoothie recipes for their rich nutritional profile and flavor-adding ability. For instance, peanut butter, the most popular spread in the market, is commonly used in various recipes such as smoothies, desserts, and protein shakes.

Nut Based Spreads Industry Overview

The nut-based spread market is highly fragmented and competitive, with the presence of various players. The companies are making themselves more competitive by strengthening their distribution systems, entering partnerships, acquisitions, expanding product ranges, etc. Some of the major players operating in the market are JM Smucker's, Kraft Foods Group, ConAgra Foods Inc., and Hormel Foods Corporation, which dominate the market. These players are focusing on introducing products with additional claims such as vegan, gluten-free, and cruelty-free to attract consumers in the market.

Nut Based Spreads Market Leaders

  1. The J.M. Smucker Company

  2. The Kraft Heinz Company

  3. Conagra Brands, Inc.

  4. Ferrero International

  5. Hormel Foods Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Nut Based Spread Market Concentration
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Nut Based Spreads Market News

  • In April 2022, Toffife launched its new hazelnut spreads across the United Kingdom. The flavors include crunchy roasted hazelnut, the delicious caramel cup, smooth hazelnut spread, and a drop of rich chocolate. The products are offered in family packing and in-unit packing.
  • In March 2022, Hershey India expanded its product portfolio in the country with the launch of two new flavors of nut-based spreads. The flavors include almond and cocoa. The products are retailed in supermarkets and convenience stores across the country.
  • In January 2021, The J. M. Smucker Company was on track to boost assortment strength. Along these lines, the company's iconic brand - Jif - unveiled plans to launch Jif Natural Squeeze Creamy Peanut Butter Spread. The new product innovation under the Jif brand will be available on the digital platform and at specific retailers.

Nut Based Spreads Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 Peanut-based Spreads
    • 5.1.2 Almond-based Spreads
    • 5.1.3 Walnut-based Spreads
    • 5.1.4 Cashew-based Spreads
    • 5.1.5 Hazelnut-based Spreads
    • 5.1.6 Other Product Types
  • 5.2 Distribution Channel
    • 5.2.1 Supermarkets/Hypermarkets
    • 5.2.2 Convenience Stores
    • 5.2.3 Specialist Retailers
    • 5.2.4 Online Retail Stores
    • 5.2.5 Other Distribution Channels
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Spain
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 Germany
    • 5.3.2.4 France
    • 5.3.2.5 Italy
    • 5.3.2.6 Russia
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 The J.M. Smucker Company
    • 6.3.2 The Kraft Heinz Company
    • 6.3.3 Hormel Foods Corporation
    • 6.3.4 Ferrero International
    • 6.3.5 Conagra Foods Inc.
    • 6.3.6 Nestle SA
    • 6.3.7 The Hershey Company
    • 6.3.8 Andros Group
    • 6.3.9 General Mills Inc.
    • 6.3.10 August Storck KG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Nut Based Spreads Industry Segmentation

A nut-based spread is a food product made with ground nuts. It is frequently used as a substitute for butter or margarine. The nut-based spread market is segmented into product type, distribution channel, and geography. By product type, the market is segmented into peanut-based spreads, almond-based spreads, walnut-based spreads, cashew-based spreads, hazelnut-based spreads, and other product types. Other product types include coconut and macadamia nut, pecan, and pistachio-based butter and spread. By distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, specialist retailers, online retail stores, and other channels. By geography, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).

Product Type Peanut-based Spreads
Almond-based Spreads
Walnut-based Spreads
Cashew-based Spreads
Hazelnut-based Spreads
Other Product Types
Distribution Channel Supermarkets/Hypermarkets
Convenience Stores
Specialist Retailers
Online Retail Stores
Other Distribution Channels
By 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
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Nut Based Spreads Market Research FAQs

How big is the Nut Based Spread Market?

The Nut Based Spread Market size is expected to reach USD 5.87 billion in 2025 and grow at a CAGR of 4.27% to reach USD 7.24 billion by 2030.

What is the current Nut Based Spread Market size?

In 2025, the Nut Based Spread Market size is expected to reach USD 5.87 billion.

Who are the key players in Nut Based Spread Market?

The J.M. Smucker Company, The Kraft Heinz Company, Conagra Brands, Inc., Ferrero International and Hormel Foods Corporation are the major companies operating in the Nut Based Spread Market.

Which is the fastest growing region in Nut Based Spread Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Nut Based Spread Market?

In 2025, the North America accounts for the largest market share in Nut Based Spread Market.

What years does this Nut Based Spread Market cover, and what was the market size in 2024?

In 2024, the Nut Based Spread Market size was estimated at USD 5.62 billion. The report covers the Nut Based Spread Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nut Based Spread Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Nut Based Spreads Industry Report

Statistics for the 2025 Nut Based Spread market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Nut Based Spread analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Nut Based Spreads Market Report Snapshots

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Nut Based Spreads Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)