Nut-Based Spread Market – Trends Forecast Till 2030

1
Unveiling the Lucrative Nut-Based Spread Market
In-Depth Analysis, Future Projections, and Trends
Forecast Till 2030
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Nut-Based Spread Market Trends Forecast Till
2030
The Nut-Based Spread Market research report
encompasses important data on distribution
channels, supply chain management across various
geographics through tables, charts, and
infographics. Furthermore, the Nut-Based Spread
Market research study of the market covers market
outline, introduction, market opportunities,
product scope, significant market-main thrust,
key players, and investigation on their business,
sales, and value choices during the projected
period.
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Market Overview
The global Nut-Based Spread Market size is
projected to reach a CAGR of 7.2 from
2023-2030. Nut butter is a spread made by
blending nuts with water until it forms a
paste-like consistency. Nut-based spreads can be
crunchy or creamy, and you can use them in sweet
and Savory applications. Popular nut spreads
include peanut butter, almond butter, cashew
butter, walnut butter, and pecan butter. Some nut
butters are high in fiber, protein, and fatty
acids and contain many vitamins and minerals that
can be beneficial to your health. The rising
prevalence of lactose intolerance among the
population across the globe is leading to an
increased demand for non-dairy products. This has
increased the sales of plant-based products such
as nut butter. Additionally, growing consumer
preference for a vegan and vegetarian diet is
driving the growth of the global nut butters
market. Nevertheless, rising demand for organic
food products along with the growth of the
organized retail sector in developing nations has
created an opportunistic market for the players
in the nut butters market. On the other hand,
allergic reactions associated with certain nuts
are likely to hamper the market growth.
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Market Overview
The COVID-19 outbreak has resulted in creating
immense pressure across supermarkets
hypermarkets, convenience stores, and food
suppliers across the globe. This has led to an
increased sale of plant-based products such as
nut butter, as consumers are stockpiling
shelf-stable foods. The stockpiling practice has
led to a sudden hike in the market value of the
global nut butters market in 2020, which is
expected to normalize post the stabilization from
this outbreak. However, the limited availability
of non-dairy product stocks in retail stores due
to a high impact on logistics is currently one of
the biggest concerns across the globe. With the
increasing number of COVID-19 infections in the
world, restrictions on vehicular movements are
increasing. This is creating a demand and supply
gap, thereby resulting in empty shelves in
various retail outlets in many countries across
regions.
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Delvens Industry Expert's Standpoint
The nut-based spread market has experienced
significant growth in recent years, driven by
changing consumer preferences and an increasing
focus on health and wellness. As consumers become
more health conscious, they are increasingly
turning to nut-based spreads as a healthier
alternative to traditional spreads like butter
and margarine. Additionally, the versatility of
nut-based spreads has led to their use in a
variety of applications, from breakfast foods to
snacks and desserts. Looking forward, the
nut-based spread market is poised for continued
growth as consumers continue to prioritize health
and wellness and seek out new and innovative
flavor options. The development of new products
and flavors, as well as the expansion into new
markets, is likely to drive further growth in the
nut-based spread market. Additionally, with the
increasing popularity of plant-based diets,
nut-based spreads are likely to become an even
more important part of the food industry in the
coming years. Overall, the nut-based spread
market represents an exciting opportunity for
food manufacturers and consumers alike, offering
a healthy, versatile, and delicious alternative
to traditional spreads.
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Competitive Landscape

• Kraft Foods
• Nestle
• Unilever Group
• J.M. Smucker
• ConAgra Foods
• Sioux Honey Association
• B G Foods
• Ferrero
• Hershey
• Welch Foods
• Hormel Foods Corporation

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Recent Developments

• In January 2021, The J. M. Smucker Company SJM is
  on track to boost assortment strength. Keeping
  along these lines, the companys iconic brand
  Jif unveiled plans to launch Jif Natural
  Squeeze Creamy Peanut Butter Spread. The new
  product innovation under the Jif brand will be
  available on the digital platform as well as at
  specific retailers. 
• In July 2020, Kraft Peanut Butter launched its
  new Kraft Hazelnut Spread - a delicious, rich,
  and chocolatey spread that is made with no palm
  oil and is low in saturated fat.

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Reasons to Acquire

• Increase your understanding of the market for
  identifying the best and most suitable strategies
  and decisions on the basis of sales or revenue
  fluctuations in terms of volume and value,
  distribution chain analysis, market trends, and
  factors.
• Gain authentic and granular data access for
  Nut-Based Spread Market so as to understand the
  trends and the factors involved in changing
  market situations.
• Qualitative and quantitative data utilization to
  discover arrays of future growth from the market
  trends of leaders to market visionaries and then
  recognize the significant areas to compete in the
  future.
• In-depth analysis of the changing trends of the
  market by visualizing the historic and forecast
  year growth patterns.

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Contact Information
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