Latin America Nut Based Spread Market Size and Share Outlook Report: Forecast Trends and Growth Analysis (2026-2035)

Key Trends in the Market

A nut based spread is a type of food spread that is prepared by grinding various nuts into a smooth paste. Depending upon the nuts used, the nut based spread can contain various nutrients such as zinc, vitamin E, magnesium, vitamin B6, niacin, copper, folate, and potassium which are considered good for health. Nut based spreads are used for various purposes such as on toast, for baking cookies, for use in muffins and smoothies, and to make homemade salad dressings, among others. 

• Low costs of nut based spreads especially peanut butter has increased their popularity and sale all across Latin America. Peanut butter is prepared using cheaper raw materials, thus, leading to a lower cost of the overall product, and bolstering the Latin America nut based spread market.

• Rising health consciousness among consumers is a key trend that is increasing the demand for nut based spreads. Jams and jellies are considered to be high-sugar products which may lead to heart diseases, weight gain, diabetes, and cavities whereas nut based spreads are low-calorie products. This is encouraging health-conscious consumers to prefer nut based spreads over other spreads.

• Food spreads as a part of breakfast in Latin America is becoming a growing trend and is expected to fuel the growth of the Latin America nut based spread market. They are used in making sandwiches or are used as a dip or topping for various crackers.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

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Market Share by Form

Crunchy nut based spreads contain more fibre and less saturated fats than creamy nut spread due to which they are considered to be a preferable choice for health-conscious consumers in Latin America. Although creamy nut based spreads contain more protein, crunchy spreads have more folate and fibre that help in maintaining bowel health. 

Although, both creamy and crunchy nut based spreads have similar nutrient values, creamy nut based spreads are more popular as compared to crunchy nut based spreads in the Latin America nut based spread market. The smoothness and fluid texture of creamy nut spreads allow it to spread easily which increases their versatility and usage in a diverse range of recipes, bolstering their demand over crunchy nut based spreads.  

Market Share by Country

Brazil accounts for a sizable share in the Latin America nut based spread market, followed by Mexico and Argentina owing to the presence of large customer base in the country along with the rising disposable incomes of the people in Brazil. Adoption of vegetarian diets along with rising health consciousness among consumers in Brazil are some major factors encouraging people to spend more on products such as nut based spreads. Further, the increasing middle class population and rising number of millennials who prefer such healthy food products in Brazil is helping in the growth of the overall market in the country. The growing focus on sugar reduction and inclusion of fibre and protein in Brazilian food is also affecting the market for nut based spread positively.

Competitive Landscape

Other market players include Hain Celestial Group, and Santa Helena Ind. de Alimentos S.A., among others.