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Peanut butter is primarily prepared from ground dry roasted peanuts. It is highly nutritious as it contains low calories and higher levels of proteins in comparison to other spreads, which makes it a healthy substitute for milk butter. Peanut butter offers various health benefits as it helps to improve heart health, prevent gallstones, reduce the risk of diabetes and serves as an energy booster. It also assists in weight loss by acting as a hunger suppressant. Owing to these benefits, it is widely used as a spread as well as in savoury sauces, smoothies, breakfast foods and numerous bakery products. According to a new report by Expert Market Research, global peanut butter market reached sales worth US$ 3.71 Billion in 2019 and is further expected to reach revenues worth US$ 5.30 Billion by 2025.
The global peanut butter market is currently gaining impetus due to a number of factors. Rising health consciousness among the consumers has resulted in the growing demand for low-calorie and healthy food products, which in turn, is bolstering the global demand for peanut butter. Some of the other factors such as increasing population, rising disposable incomes, shift towards the intake of convenient and ready-to-eat foods and growing demand from emerging markets are also contributing towards the growth of the global market for peanut butter.
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Key findings from the report:
Expert Market Research has analysed the global peanut butter market according to type, region and top players:
Market breakup by Type
Market breakup by Region
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