Canada Peanut Butter Market Size & Outlook, 2021-2028

The peanut butter market in Canada is expected to reach a projected revenue of US$ 590.2 million by 2028. A compound annual growth rate of 11.1% is expected of Canada peanut butter market from 2022 to 2028.
Revenue, 2021 (US$M)
$282.0
Forecast, 2028 (US$M)
$590.2
CAGR, 2022 - 2028
11.1%
Report Coverage
Canada

Canada peanut butter market highlights

  • The Canada peanut butter market generated a revenue of USD 282.0 million in 2021 and is expected to reach USD 590.2 million by 2028.
  • The Canada market is expected to grow at a CAGR of 11.1% from 2022 to 2028.
  • In terms of segment, crunchy was the largest revenue generating product in 2021.


Peanut butter market data book summary

Market revenue in 2021USD 282.0 million
Market revenue in 2028USD 590.2 million
Growth rate11.1% (CAGR from 2021 to 2028)
Largest segmentCrunchy
Fastest growing segmentOther
Historical data2017 - 2020
Base year2021
Forecast period2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCrunchy, Creamy, Other
Key market players worldwideJM Smucker Co, Kellogg's, Hormel Foods Corp, The Kraft Heinz Co, Mars Group Holdings Corp, Dr.Oetker, The Hershey Company, Unilever PLC, Associated British Foods PLC


Other key industry trends

  • In terms of revenue, Canada accounted for 4.9% of the global peanut butter market in 2021.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In North America, U.S. peanut butter market is projected to lead the regional market in terms of revenue in 2028.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 590.2 million by 2028.

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Peanut Butter Market Companies

Name Profile # Employees HQ Website

Canada peanut butter market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to peanut butter market will help companies and investors design strategic landscapes.


Crunchy was the largest segment with a revenue share of 46.31% in 2021. Horizon Databook has segmented the Canada peanut butter market based on crunchy, creamy, other covering the revenue growth of each sub-segment from 2017 to 2028.


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  • Our clientele includes a mix of peanut butter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada peanut butter market , including forecasts for subscribers. This country databook contains high-level insights into Canada peanut butter market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Canada peanut butter market size, by product, 2017-2028 (US$M)

Canada Peanut Butter Market Outlook Share, 2021 & 2028 (US$M)

Canada peanut butter market size, by product, 2017-2028 (US$M)

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