Market Outlook

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-

  • Organic
  • Conventional

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
      • Supermarket/Hypermarket
      • Convenience Stores
      • Groceries
      • HoReBa
      • HoReCa
      • Specialty Stores
      • Other Retailing Formats
    • Online 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Low Fat Peanut Butter Market