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The United States nut based spread market size reached a value of approximately USD 2.57 billion in 2023. The market is further expected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of USD 4.48 billion by 2032.
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Nut based spreads are prepared by processing various nuts including but not limited to cashews, almonds, peanuts, and hazelnut, and grinding the into a paste. The paste can then be used to spread on different food items, similar to butter, or mixed with liquids to form a sauce. They have high nutritional value and are rich in proteins, fibres, vitamins, and minerals, among others. They help in increasing good cholesterol levels while keeping bad cholesterol levels under check.
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Based on product, the United States nut based spread market is segmented into peanut based spreads, almond based spreads, walnut based spreads, cashew based spreads, and hazelnut based spread, among others. On the basis of form, the market is bifurcated into crunchy and creamy. Based on packaging type, the market is divided into glass packaging and plastic packaging. By distribution channel, the market is segregated into supermarkets and hypermarkets, convenience stores, and online stores, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States nut based spread market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Regular consumption of nut based spreads has led to an increase in demand for varied options in the nut based spread market. Hazelnut based spreads are witnessing significant growth in the United States nut based spread market due to their slightly sweet taste which is widely enjoyed by consumers. They impart a chocolaty flavour and are commonly used as a healthier alternative to traditional sweets, by adding them to different recipes or spreading on toasts. Among more health-conscious consumers, almond based spreads are gaining popularity due to their high nutritional value and suited combination with fruits, increasing their demand in the United States nut based spread market.
Creamy forms of nut based spreads account for a sizable share of the United States nut based spread market due to their versatility in use in various recipes and on different types of bread. While preference for form of nut based spreads does vary depending upon personal choice, creamy textures are easier for spreading and can be combined with other condiments and ingredients with ease. However, for use as a sole spread, there is still adequate demand for crunchy nut based spreads among adults due to their nutritional value.
Nut based spreads are nutrition powerhouses in both crunchy and creamy forms, but the difference of texture and taste is what separates them both. Crunchy nut based spreads contain complete or partial pieces of nuts in them, whereas creamy nut based spreads are smoother and the nuts are completely blended in. Both forms contain abundance of essential nutritional components, however, in some cases the crunchy nut based spreads contain more fibres than their creamy counterparts.
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The Kraft Heinz Company was founded in 2015 and is headquartered in Illinois in the United States. It is one of the largest global beverage and food companies, with over 20 brands in its profile, including the famous Heinz and Kraft. The company’s focus is on providing high quality, nutrition, and great taste for all types of eating occasions, including in restaurants, at home, or on the go.
The J.M. Smucker Company is a manufacturer of beverage and food products, which was established in 1897 and is headquartered in Ohio, United States. Their three major business units are pet food and snacks, consumer foods, and coffee. The company is known as a manufacturer and marketer of products including peanut butter, condensed milk, and ice cream toppings, among others.
Conagra Brands, Inc. was established in 1919 and is based in Illinois, United States. It is a consumer packaged goods holding company that makes and sells products under many brand names. Their products are readily available in restaurants, supermarkets, and food service establishments, and include frozen meals, cooking sprays, margarines, spreads, side dishes, sauces, and snacks, among others.
REPORT FEATURES | DETAILS |
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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 Product |
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Breakup by Form |
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Breakup by Packaging Type |
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Breakup by Distribution Channel |
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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 Market 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 United States Nut Based Spread Market Overview
8.1 Key Industry Highlights
8.2 United States Nut based Spread Historical Market (2018-2023)
8.3 United States Nut Based Spread Market Forecast (2024-2032)
9 United States Nut Based Spread Market by Product
9.1 Peanut Based Spreads
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Almond Based Spreads
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
9.3 Walnut Based Spreads
9.3.1 Market Share
9.3.2 Historical Trend (2018-2023)
9.3.3 Forecast Trend (2024-2032)
9.4 Cashew Based Spreads
9.4.1 Market Share
9.4.2 Historical Trend (2018-2023)
9.4.3 Forecast Trend (2024-2032)
9.5 Hazelnut Based Spreads
9.5.1 Market Share
9.5.2 Historical Trend (2018-2023)
9.5.3 Forecast Trend (2024-2032)
9.6 Others
10 United States Nut Based Spread Market by Form
10.1 Crunchy
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Creamy
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
11 United States Nut Based Spread Market by Packaging Type
11.1 Glass Packaging
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Plastic Packaging
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 Others
12 United States Nut Based Spread Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Online Stores
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 The J.M. Smucker Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Hormel Foods, LLC
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Post Consumer Brands, LLC
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 The Kraft Heinz Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Conagra Brands, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Hain Celestial Group
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 BetterBody Foods
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Pip & Nut Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Ingenuity Brands
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. United States Nut Based Spreads Market: Key Industry Highlights, 2018 and 2032
2. United States Nut Based Spreads Historical Market: Breakup by Product (USD Million), 2018-2023
3. United States Nut Based Spreads Market Forecast: Breakup by Product (USD Million), 2024-2032
4. United States Nut Based Spreads Historical Market: Breakup by Form (USD Million), 2018-2023
5. United States Nut Based Spreads Market Forecast: Breakup by Form (USD Million), 2024-2032
6. United States Nut Based Spreads Historical Market: Breakup by Packaging Type (USD Million), 2018-2023
7. United States Nut Based Spreads Market Forecast: Breakup by Packaging Type (USD Million), 2024-2032
8. United States Nut Based Spreads Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. United States Nut Based Spreads Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. United States Nut Based Spreads Market Structure
The United States market size for nut based spreads reached a value of approximately USD 2.57 billion in 2023.
The market for nut based spreads in the United States is expected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, to reach USD 4.48 billion by 2032.
The major market drivers are increased health concerns, rising disposable income, and growing preference for spreads in breakfasts and snacks.
The key trends of the market are rising preference for plant based products, availability of numerous nut based spreads, and popularity of recipes that use nut based spreads.
The significant packaging types of nut based spreads in the market are glass packaging and plastic packaging, among others.
The leading forms of nut based spreads in the market are creamy and crunchy.
The product types of nut based spreads in the United States are peanut based spreads, almond based spreads, walnut based spreads, cashew based spreads, and hazelnut based spreads, among others.
The key distribution channels for nut based spreads are supermarkets and hypermarkets, convenience stores, and online stores, among others.
The major players in the United States nut based spread market are The J.M. Smucker Company, Hormel Foods, LLC, Post Consumer Brands, LLC, The Kraft Heinz Company, Conagra Brands, Inc., Hain Celestial Group, BetterBody Foods, Pip & Nut Ltd., and Ingenuity Brands, among others.
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