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Australia Peanut Butter Market Size, Share, Trends, Growth: By Spread Type: Reduced Fat, Creamy, Crunchy/Chunky, Natural, Honey Roasted, Others; By Product Type: Low Sugar, Regular, Low Sodium, Plain; By Packaging Type: Pouches, Jars; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Australia Peanut Butter Market Outlook
The Australia peanut butter market size reached USD 151.85 million in 2023. The market is expected to grow at a CAGR of 3.67% between 2024 and 2032, reaching almost USD 210.22 million by 2032.
Key Takeaways:
- As per the US Department of Agriculture, in 2022, most peanut products in Australia were primarily produced in Queensland, accounting for 92% of the total peanut production, while New South Wales contributed 6% of the total peanut production.
- As reported by the US Department of Agriculture, Australia's peanut production for the year 2022/23 amounted to 16,000 tonnes, thereby contributing to the Australia peanut butter market growth.
- Australia's imports of raw peanuts (groundnuts) from Turkey amounted to USD 1.21 thousand in 2021, as reported by the United Nations COMTRADE database on international trade.
Reduced-fat peanut butter is driving growth in the Australia peanut butter market, frequently selected by individuals looking to control their weight or enhance their dietary habits
Reduced-fat peanut butter presents a healthier choice with reduced fat content, appealing to health-conscious consumers. It offers a guilt-free treat with fewer calories while preserving the classic peanut butter flavour.
Creamy peanut butter boasts a smooth, easily spreadable texture, perfect for spreading on bread, crackers, and fruits. It provides convenience and versatility in usage, appealing to those who favour a softer, smoother consistency over chunkier varieties.
Further, companies have been focusing on expanding their portfolio to improve their market position. For instance, Snickers Creamy Peanut Butter was launched in Australia for a limited time only.
Simultaneously, Kellogg expanded its cereal offerings by introducing a limited-edition Nutri-Grain Peanut Butter Flavour cereal in collaboration with Bega. This range combined Kellogg's cereal bar crunchiness with Bega's peanut butter. The release followed previous collaborations with Nutri-Grain x Oak Plus and Coco Pops x Golden Gaytime.
Market Segmentation
Australia Peanut Butter Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Spread Type
- Reduced Fat
- Creamy
- Crunchy/Chunky
- Natural
- Honey Roasted
- Others
Market Breakup by Product Type
- Low Sugar
- Regular
- Low Sodium
- Plain
Market Breakup by Packaging Type
- Pouches
- Jars
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia peanut butter market key players are Ambrosia Australia, Scoop Wholefoods Pty Ltd., Pepe Saya Butter Co., Bega Cheese Limited, and Live Life Nutrition Pty Ltd. among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Spread Type |
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| Breakup by Product Type |
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| Breakup by Packaging Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Peanut Butter Market Overview
8.1 Key Industry Highlights
8.2 Australia Peanut Butter Historical Market (2018-2023)
8.3 Australia Peanut Butter Market Forecast (2024-2032)
9 Australia Peanut Butter Market by Spread Type
9.1 Reduced Fat
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Creamy
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Crunchy/Chunky
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Natural
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Honey Roasted
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Others
10 Australia Peanut Butter Market by Product Type
10.1 Low Sugar
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Regular
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Low Sodium
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Plain
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Peanut Butter Market by Packaging Type
11.1 Pouches
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Jars
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Peanut Butter Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Australia Peanut Butter Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Ambrosia Australia
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Scoop Wholefoods Pty Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Pepe Saya Butter Co
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bega Cheese Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Live Life Nutrition Pty Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Peanut Butter Market: Key Industry Highlights, 2018 and 2032
2. Australia Peanut Butter Historical Market: Breakup by Spread Type (USD Million), 2018-2023
3. Australia Peanut Butter Market Forecast: Breakup by Spread Type (USD Million), 2024-2032
4. Australia Peanut Butter Historical Market: Breakup by Product Type (USD Million), 2018-2023
5. Australia Peanut Butter Market Forecast: Breakup by Product Type (USD Million), 2024-2032
6. Australia Peanut Butter Historical Market: Breakup by Packaging Type (USD Million), 2018-2023
7. Australia Peanut Butter Market Forecast: Breakup by Packaging Type (USD Million), 2024-2032
8. Australia Peanut Butter Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Australia Peanut Butter Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Australia Peanut Butter Historical Market: Breakup by Region (USD Million), 2018-2023
11. Australia Peanut Butter Market Forecast: Breakup by Region (USD Million), 2024-2032
12. Australia Peanut Butter Market Structure
Key Questions Answered in the Report
The market was valued at USD 151.85 million in 2023.
The market is projected to grow at a CAGR of 3.67% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 210.22 million in 2032.
The market is categorised according to the product type, which includes low sugar, regular, low sodium and plain.
The key players are Ambrosia Australia, Scoop Wholefoods Pty Ltd., Pepe Saya Butter Co., Bega Cheese Limited, and Live Life Nutrition Pty Ltd. among others.
Based on the packaging type, the peanut butter market is divided into pouches and jar.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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