Peanut butter is the product of peanut oil before extraction. The color of peanut butter is yellow-brown, the texture is fine, the taste is delicious, and it has a strong peanut aroma, does not mold or grow insects. It is generally used as a seasoning for noodles, steamed buns, bread or cold vegetables, and also as a filling ingredient for sweet cakes and sweet buns.
Due to the COVID-19 pandemic, the global Low Fat Peanut Butter market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Low Fat Peanut Butter market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Low Fat Peanut Butter landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Crunchy Peanut Butter accounting for % of the Low Fat Peanut Butter global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While B2B (Direct Sales) segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Low Fat Peanut Butter include The J.M. Smucker Company, Unilever, Hormel Foods Corporation, Del Monte Food, Inc, Kraft Canada Inc., Algood Food Company Inc.(Cecil C. Barnett Family LLC ) and ConAgra Brands, etc. In terms of revenue, the global 3 largest players have a % market share of Low Fat Peanut Butter in 2021.
This report focuses on Low Fat Peanut Butter volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Low Fat Peanut Butter market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Low Fat Peanut Butter Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Crunchy Peanut Butter
Soft Peanut Butter
Segment by Application
B2B (Direct Sales)
B2C (Indirect Sales)
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
The J.M. Smucker Company
Unilever
Hormel Foods Corporation
Del Monte Food, Inc
Kraft Canada Inc.
Algood Food Company Inc.(Cecil C. Barnett Family LLC )
ConAgra Brands