Latin America Peanut Butter Market Size & Outlook
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Latin America peanut butter market highlights
- The Latin America peanut butter market generated a revenue of USD 275.0 million in 2021.
- The market is expected to grow at a CAGR of 5.5% from 2022 to 2028.
- In terms of segment, crunchy was the largest revenue generating product in 2021.
- Country-wise, Argentina is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 275.0 million |
| Market revenue in 2028 | USD 400.1 million |
| Growth rate | 5.5% (CAGR from 2021 to 2028) |
| Largest segment | Crunchy |
| Fastest growing segment | Other |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 4.8% of the global peanut butter market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,373.1 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 |
Latin America 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 46.29% in 2021. Horizon Databook has segmented the Latin America 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America peanut butter market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America peanut butter market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America peanut butter market size, by country, 2017-2028 (US$M)
Latin America Peanut Butter Market Outlook Share, 2021 & 2028 (US$M)
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