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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Australia Peanut Butter Market Outlook 

The Australia peanut butter market size reached USD 151.85 million in 2024. The market is expected to grow at a CAGR of 3.67% between 2025 and 2034, reaching almost USD 210.22 million by 2034.

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 2025-2034 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 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Spread Type
  • Product Type
  • Packaging Type
  • Distribution Channel
  • Region
Breakup by Spread Type
  • Reduced Fat
  • Creamy
  • Crunchy/Chunky
  • Natural
  • Honey Roasted
  • Others
Breakup by Product Type
  • Low Sugar
  • Regular
  • Low Sodium
  • Plain
Breakup by Packaging Type
  • Pouches
  • Jars
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ambrosia Australia  
  • Scoop Wholefoods Pty Ltd.    
  • Pepe Saya Butter Co 
  • Bega Cheese Limited  
  • Live Life Nutrition Pty Ltd.   
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at USD 151.85 million in 2024.

The market is projected to grow at a CAGR of 3.67% between 2025 and 2034.

The revenue generated from the market is expected to reach USD 210.22 million in 2034.

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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