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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Nut Based Spread Market Size
The United States nut based spread market reached a value of approximately USD 2.57 billion in 2023. The market is further expected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of USD 4.48 billion by 2032.
Key trends in the market
Nut based spreads are prepared by processing various nuts including but not limited to cashews, almonds, peanuts, and hazelnut, and grinding the into a paste. The paste can then be used to spread on different food items, similar to butter, or mixed with liquids to form a sauce. They have high nutritional value and are rich in proteins, fibres, vitamins, and minerals, among others. They help in increasing good cholesterol levels while keeping bad cholesterol levels under check.
- Increased preference for incorporation of plant based dietary options into regular diets is boosting the demands for nut based spreads. The health benefits along with rich flavouring options have made them a popular food option among the American population, and people following vegan diets are also able to get varied options with nut based spreads.
- Growing concerns pertaining to physical appearances among the American population is yet another factor contributing to United States nut based spread market. Nut based spreads are becoming increasingly popular among such individuals due to their low-calorie content and high quality of taste and nutritional content.
- Rising disposable incomes have enabled many households to switch to nut based spreads, with sedentary lifestyle coupled with hectic work schedules further catalysing the growth of the market. The high nutritional value and preparation convenience, makes nut based spreads with breads an ideal breakfast option.
- The growing popularity of innovative recipes that utilise nut based spreads are a key trend in the United States nut based spread market with various social media platforms and accounts promoting different recipes with nut based spreads. Some options include nut based spreads in muffins, cookies, salad dressings, and granola.
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