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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Market Share by Product
Regular consumption of nut based spreads has led to an increase in demand for varied options in the nut based spread market. Hazelnut based spreads are witnessing significant growth in the United States nut based spread market due to their slightly sweet taste which is widely enjoyed by consumers. They impart a chocolaty flavour and are commonly used as a healthier alternative to traditional sweets, by adding them to different recipes or spreading on toasts. Among more health-conscious consumers, almond based spreads are gaining popularity due to their high nutritional value and suited combination with fruits, increasing their demand in the United States nut based spread market.
Market Share by Form
Creamy forms of nut based spreads account for a sizable share of the United States nut based spread market due to their versatility in use in various recipes and on different types of bread. While preference for form of nut based spreads does vary depending upon personal choice, creamy textures are easier for spreading and can be combined with other condiments and ingredients with ease. However, for use as a sole spread, there is still adequate demand for crunchy nut based spreads among adults due to their nutritional value.
Nut based spreads are nutrition powerhouses in both crunchy and creamy forms, but the difference of texture and taste is what separates them both. Crunchy nut based spreads contain complete or partial pieces of nuts in them, whereas creamy nut based spreads are smoother and the nuts are completely blended in. Both forms contain abundance of essential nutritional components, however, in some cases the crunchy nut based spreads contain more fibres than their creamy counterparts.
United States Nut Based Spread Market Report Snapshots
United States Nut Based Spread Market Size
United States Nut Based Spread Market Analysis
United States Nut Based Spread Market Share
United States Nut Based Spread Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The United States market size for nut based spreads reached a value of approximately USD 2.57 billion in 2023.
The market for nut based spreads in the United States is expected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, to reach USD 4.48 billion by 2032.
The major market drivers are increased health concerns, rising disposable income, and growing preference for spreads in breakfasts and snacks.
The key trends of the market are rising preference for plant based products, availability of numerous nut based spreads, and popularity of recipes that use nut based spreads.
The significant packaging types of nut based spreads in the market are glass packaging and plastic packaging, among others.
The leading forms of nut based spreads in the market are creamy and crunchy.
The product types of nut based spreads in the United States are peanut based spreads, almond based spreads, walnut based spreads, cashew based spreads, and hazelnut based spreads, among others.
The key distribution channels for nut based spreads are supermarkets and hypermarkets, convenience stores, and online stores, among others.
The major players in the United States nut based spread market are The J.M. Smucker Company, Hormel Foods, LLC, Post Consumer Brands, LLC, The Kraft Heinz Company, Conagra Brands, Inc., Hain Celestial Group, BetterBody Foods, Pip & Nut Ltd., and Ingenuity Brands, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124