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Nut Butters Market Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2034)

Published On: May, 2025
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Pages: 150

The Global Nut Butters Market Size is valued at USD 9,286 Million in 2025. Worldwide sales of Nut Butters Market are expected to grow at a significant CAGR of 5.7%, reaching USD 13,712 Million by the end of the forecast period in 2032.

The global nut butter market has seen significant growth over the past few years, fueled by rising demand for healthier, plant-based alternatives to conventional spreads from consumers. In recent years, nut butters have seen a significant rise in popularity, with demand growing steadily. While peanut butter was once the primary plant-based alternative to traditional dairy butter, advancements in technology and rising consumer awareness have led to the emergence and growth of a wide range of plant-based butter varieties. Nut butters, such as peanut, almond, cashew, and hazelnut nut butters, contain important nutrients like proteins, healthy fats, and dietary fiber, and for this reason are increasingly in demand by health-conscious consumers. The convenience of nut butters in a wide range of culinary uses, from sandwiches to smoothies, also adds to their popularity. The expansion in the global nut butter market is driven by changing dietary trends towards clean-label, organic, and allergen-free products, along with the rising incidence of lactose intolerance and gluten sensitivity among consumers. North America continues to be a stronghold, commanding a high proportion, while markets such as the Asia-Pacific are fast becoming high-growth regions with altered dietary trends and an increase in health consciousness. The competitive landscape is marked by both well-established brands and innovative new entrants, all competing for the attention of a differentiated consumer audience.

Nut Butter Market: Latest Trends, Drivers and Challenges

Growth in plant-based diets has had a profound impact on the nut butter market. Consumers are looking for healthy, plant-based alternatives to conventional spreads, causing demand for nut butters such as almond, cashew, and walnut to soar. These foods are not only high in protein and healthy fats but also accommodate vegan and vegetarian diets. Companies are reacting by launching functional nut butters with superfoods, probiotics, and added proteins to address the increasing demand for health-focused products. This trend is part of the larger movement towards clean eating and wellness-driven diets.

Growing consumer interest in health and wellness has greatly spurred demand for nutrient-dense foods, such as nut butters. High in healthy fats, protein, and necessary nutrients, almond and peanut butter are being adopted as components of healthful diets. Registered dietitians point to the benefits of nut butters in promoting cardiovascular health and delivering long-term energy. This wellness-driven trend is encouraging consumers to turn to natural and minimally processed nut butter products.

There is ongoing innovation by manufacturers to address changing consumer preferences, with a range of nut butter tastes and types being introduced. Chocolate-flavored almond butter, seed-based nut butters for nut-allergy sufferers, and more, are some examples of the innovations that are flooding the market. The diversification appeals to a wider section, including fitness enthusiasts and those who wish to try something different.

The nut butter industry is dependent on nuts such as almonds, cashews, and peanuts, whose prices are volatile because of climate change, drought, and geopolitical tensions. For example, almond prices have been very volatile over the last few years, affecting manufacturing costs and margins for companies. In addition, supply chain disruptions such as transportation delays and labor shortages have further made raw material procurement more difficult, resulting in uneven product availability and higher operational costs. Increasing Prevalence of Nut Allergies.

The market for nut butter is growing more saturated, with many brands competing for consumer eyeballs. Established brands such as Jif and Skippy hold shelf space, while a wide variety of artisanal and specialty brands provide creative flavors and health-oriented products. This saturation makes it difficult for new brands to stand out and gain market share. Additionally, without proper marketing and brand recognition efforts, even quality products can fail to take off in this crowded market.

Market Scope

Parameter

 

Detail

Base Year

2024

Estimated Year

2025

Forecast Period

2026-2032

Market Size-Units

USD billion

Market Splits Covered

By Type, By Category and By End-User Industry

Countries Covered

North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)

Analysis Covered

Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies

Customization

10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed

Post-Sale Support

4 analyst hours, available up to 4 weeks

Delivery Format

The Latest Updated PDF and Excel Datafile

Market Segmentation

By Type

  • Peanut Butter
  • Almond Butter
  • Hazelnut Butter
  • Other Nut Butters

By Category

  • Conventional
  • Organic

By End User Industry

  • Retail/ Household consumption
  • Food Processors
  • Food Service
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Key Companies Covered:

The J. M. Smucker Company
Hormel Foods Corporation
Conagra Brands, Inc.
The Hain Celestial Group, Inc.
The Kraft Heinz Company
Ferrero S.p.A.

Recent Developments:

The nut butter market was marked by various significant developments that influenced its direction. One of the notable trends was the increased demand for clean-label and organic products as consumers began paying more attention to what ingredients their food contained. Brands catered to this trend by creating nut butters that contained very little additives and preservatives and making a focus on transparency throughout their sourcing and manufacturing processes. Further, interest in plant-based eating continued its steady growth, contributing to increased acceptance of nut butters as a protein source substitute for dairy spreads. Flavor innovations also played a big part, with firms testing exotic spices and nuts to suit adventurous tastes.

1.    TABLE OF CONTENTS
1.1.    List of TABLES
1.2.    LIST of FIGURES

2.    GLOBAL NUT BUTTERS INDUSTRY
2.1.    Market Scope and Definition
2.2.    Study Assumptions

3.    NUT BUTTERS MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2024-2032
3.1.    Nut Butters Market Latest Trends
3.2.    Nut Butters Market Insights, 2024-2032
3.2.1.    Leading Nut Butters Type, 2024-2032
3.2.2.    Top Nut Butters Category, 2024-2032
3.2.1.    Largest Nut Butters End-User, 2024-2032
3.2.2.    Fast-Growing Geographies for Nut Butters, 2024-2032
3.3.    Nut Butters Market Drivers to 2031
3.4.    Nut Butters Market Restraints
3.5.    Nut Butters Market-Five Forces Analysis

4.    GLOBAL NUT BUTTERS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2032
4.1.    Global Nut Butters Market Growth
4.2.    Global Nut Butters Market, By Type
4.2.1.    Nut Butters Market, By Type, Almond Butter
4.2.2.    Nut Butters Market, By Type, Hazelnut Butter
4.2.3.    Nut Butters Market, By Type, Peanut Butter
4.2.4.    Nut Butters Market, By Type, Others
4.3.    Global Nut Butters Market,  By Category
4.3.1.    Nut Butters Market,  By Category, Organic
4.3.2.    Nut Butters Market,  By Category, Conventional
4.4.    Global Nut Butters Market,  By End-user
4.4.1.    Nut Butters Market,  By End-user, Food Service
4.4.2.    Nut Butters Market,  By End-user, Food Processors
4.4.3.    Nut Butters Market,  By End-user, Retail/ Household consumption
4.4.4.    Nut Butters Market,  By End-user, Others
4.5.    Global Nut Butters Market, By Region

5.    NORTH AMERICA NUT BUTTERS MARKET GROWTH
5.1.    North America Nut Butters Market, By Type
5.2.    North America Nut Butters Market,  By Category
5.3.    North America Nut Butters Market,  By End-user
5.4.    North America Nut Butters Market, By Country
5.4.1.    United States Nut Butters Market
5.4.2.    Mexico Nut Butters Market
5.4.3.    Canada Nut Butters Market

6.    EUROPE NUT BUTTERS MARKET GROWTH
6.1.    Europe Nut Butters Market, By Type
6.2.    Europe Nut Butters Market,  By Category
6.3.    Europe Nut Butters Market,  By End-user
6.4.    Europe Nut Butters Market, By Country
6.4.1.    UK Nut Butters Market
6.4.2.    France Nut Butters Market
6.4.3.    Rest of Europe Nut Butters Market
6.4.4.    Germany Nut Butters Market
6.4.5.    Italy Nut Butters Market
6.4.6.    Spain Nut Butters Market

7.    ASIA-PACIFIC NUT BUTTERS MARKET GROWTH
7.1.    Asia-Pacific Nut Butters Market, By Type
7.2.    Asia-Pacific Nut Butters Market,  By Category
7.3.    Asia-Pacific Nut Butters Market,  By End-user
7.4.    Asia-Pacific Nut Butters Market, By Country
7.4.1.    India Nut Butters Market
7.4.2.    China Nut Butters Market
7.4.3.    Rest of Asia-Pacific Nut Butters Market
7.4.4.    South Korea Nut Butters Market
7.4.5.    Japan Nut Butters Market
7.4.6.    Australia Nut Butters Market

8.    MIDDLE EAST AFRICA NUT BUTTERS MARKET GROWTH
8.1.    Middle East Africa Nut Butters Market, By Type
8.2.    Middle East Africa Nut Butters Market,  By Category
8.3.    Middle East Africa Nut Butters Market,  By End-user
8.4.    Middle East Africa Nut Butters Market, By Country
8.4.1.    South Africa Nut Butters Market
8.4.2.    UAE Nut Butters Market
8.4.3.    Rest of MEA Nut Butters Market
8.4.4.    Saudi Arabia Nut Butters Market
8.4.5.    Iran Nut Butters Market

9.    SOUTH AND CENTRAL AMERICA NUT BUTTERS MARKET GROWTH
9.1.    South and Central America Nut Butters Market, By Type
9.2.    South and Central America Nut Butters Market,  By Category
9.3.    South and Central America Nut Butters Market,  By End-user
9.4.    South and Central America Nut Butters Market, By Country
9.4.1.    Brazil Nut Butters Market
9.4.2.    Argentina Nut Butters Market
9.4.3.    Chile Nut Butters Market
9.4.4.    Rest of SCA Nut Butters Market

10.    NUT BUTTERS MARKET STRUCTURE
10.1.    The J. M. Smucker Company
10.2.    Hormel Foods Corporation
10.3.    Conagra Brands, Inc.
10.4.    The Hain Celestial Group, Inc.
10.5.    The Kraft Heinz Company
10.6.    Ferrero S.p.A.

11.    APPENDIX
11.1.    Nut Butter_Relavant Trade
11.2.    About Us
11.3.    Sources
11.4.    Research Methodology
11.5.    Research Process
11.6.    Research Execution
11.7.    Contact Information
 

   

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FAQ's

The Nut Butter Market is estimated to reach USD 13 billion by 2032.

 

The Global Nut Butter Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period from 2025 to 2032.

 

The Global Nut Butter Market is estimated to generate USD 9,286 Million in revenue in 2025.

 

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