China Peanut Butter Market Size & Outlook, 2021-2028
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China peanut butter market highlights
- The China peanut butter market generated a revenue of USD 201.3 million in 2021 and is expected to reach USD 370.7 million by 2028.
- The China market is expected to grow at a CAGR of 9.1% 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 2021 | USD 201.3 million |
| Market revenue in 2028 | USD 370.7 million |
| Growth rate | 9.1% (CAGR from 2021 to 2028) |
| Largest segment | Crunchy |
| Fastest growing segment | Other |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Crunchy, Creamy, Other |
| Key market players worldwide | JM 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, China accounted for 3.5% 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 Asia Pacific, China peanut butter market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 109.9 million by 2028.
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Peanut Butter Market Scope
Peanut Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kellogg's | View profile | 10001+ | Michigan, North Dakota, United States, North America | https://www.kelloggcompany.com/ |
| Dr.Oetker | View profile | 10001+ | Bielefeld, Nordrhein-Westfalen, Germany, Europe | http://www.oetker.com/en/startseite.html |
| JM Smucker Co | View profile | 5800 | One Strawberry Lane, Orrville, OH, United States, 44667-0280 | https://www.jmsmucker.com |
| The Hershey Company | View profile | 10001+ | Hershey, Pennsylvania, United States, North America | http://thehersheycompany.com |
| Mars Group Holdings Corp | View profile | 755 | 1-10-7 Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-0022 | http://www.mars-ghd.co.jp |
| Hormel Foods Corp | View profile | 20000 | 1 Hormel Place, Austin, MN, United States, 55912-3680 | https://www.hormelfoods.com |
| The Kraft Heinz Co | View profile | 36000 | One PPG Place, Pittsburgh, PA, United States, 15222 | https://www.kraftheinzcompany.com |
| Unilever PLC | View profile | 128377 | 100 Victoria Embankment, London, United Kingdom, EC4Y 0DY | https://www.unilever.com |
| Associated British Foods PLC | View profile | 133000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | https://www.abf.co.uk |
China 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 46.3% in 2021. Horizon Databook has segmented the China peanut butter market based on crunchy, creamy, other covering the revenue growth of each sub-segment from 2017 to 2028.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China peanut butter market databook
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Our clientele includes a mix of peanut butter market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China peanut butter market , including forecasts for subscribers. This country databook contains high-level insights into China peanut butter market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China peanut butter market size, by product, 2017-2028 (US$M)
China Peanut Butter Market Outlook Share, 2021 & 2028 (US$M)
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