Peanut butter is a protein-enriched product and is also has less calorie content which is prepared by roasted dry peanuts. The increasing concern regarding the reduction of fats from food products is boosting the demand for low fat peanut butter market. Low fat peanut butter is widely used as toppings for several food products including bread, snacks, and crackers, among many other products. Low fat peanut butter has a range of application in various end-use industries such as savory & sauces, bakery, and smoothies, among others due to its low fat content.
Low fat peanut butter is an enriched source of energy which can be also used as a substitute for milk-based butter. Apart from that, low fat peanut butter is also one of the best sources of fiber, protein, vitamin E, and minerals including magnesium, potassium, and zinc. Due to these health beneficial nutrients, the low fat peanut butter is facing very higher demand among the consumers across the globe.
Rising Demand for Nutritional Products Surging the Demand for Low Fat Peanut Butter Market
Low fat peanut butter is an excellent food product and its consumption offers numerous nutritional benefits. As low fat peanut butter is enriched with vitamin E, which improves the vision and also maintains good muscle health. Low fat peanut butter also works as an antioxidant component, which prevents cancer, inflammation of joints, and several other diseases. These days, the costumers are spending more on healthy products that offer nutritional values, which is anticipated to facilitate the overall growth of the global low fat peanut butter market during the forecast years.
In addition to this, the nutritional value acquired from the intake of low fat peanut butter, the global market is line up to witness healthy growth over the upcoming years. Besides, the rising health-conscious population associated with weight management issues and rising disposable income of customers in established and emerging nations are major dynamics expected to endorse the development of the global low fat peanut butter during the forthcoming years and aftermath.
Global Low Fat Peanut Butter: Market Segmentation Based on nature, low fat peanut butter market can be segmented as-
Based on packaging, low fat peanut butter market can be segmented as-
- Bottles & Jars
- Stand-Up Pouches
- Other Packaging Type
Based on Type, low fat peanut butter market can be segmented as-
- Crunchy Peanut Butter
- Soft Peanut Butter
Based on sales channel, low fat peanut butter market can be segmented as-
- B2B (Direct Sales)
- B2C (Indirect Sales)
- Store-based Retailing
- Convenience Stores
- Specialty Stores
- Other Retailing Formats
- Online Retailing
- Store-based Retailing
Global Low Fat Peanut Butter Market: Key Players
The key players operating their business in low fat peanut butter include The J.M. Smucker Company, Unilever, Procter & Gamble, Hormel Foods Corporation, Del Monte Food, Inc, Kraft Canada Inc., and Algood Food Company Inc. among others.
Opportunities for Market Participants:
The consumers across the world are now convoluted in vigorous activities that often lead to the beating vitality. The requirement for energy-providing food products such as low fat peanut butter is important to help to recover the lost energy. The busy and hectic schedule of the consumers has lead them to opt for convenience meals, which are prepared in a very short period. Therefore, this is likely to create a surge in the demand for low fat peanut butter across the global market. Moreover, the rising incidences of obesity and its associated diseases such as diabetes mellitus and strokes are the major factors that are creating opportunities for the low fat peanut butter manufacturers to launch more innovative products to make more profits.
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