United States Non-Peanut Nut Butters market reach 377 million US$ by the end of 2018

Publisher: QYResearch

Published Date: 2019/11/20

Non-Peanut Nut Butter is typical an alternative to Peanut Butter, it is a spreadable foodstuff that is made by grinding nuts into a paste. The result has a high-fat content and also can be spread similar to a true butter. It includes hazelnut butter, cashew butter, macadamia nut butter, pecan butter, pistachio butter, almond butter, and walnut butter. nut butter contains a high content of fiber, protein, and essential fatty acids that can be used to replace margarine or butter on toast or bread.

Total USD consumption of Non-Peanut Nut Butter is estimated to be 66723MT in 2018, with a forecast CAGR of 5.71% in 2019-2024. The market size is estimated to be 377million USD in 2018，growing at a CAGR of 7.27% in 2019-2024.

Almond butter is the most important type in the US market due to the influence of raw materials.The biggest consumers are still commercial use, more and more individual persons turn to make DIY Almond Butter at home, as most commercial produced almond butter are roasted type, high nutrition of raw Almond Butte type is more attractive

The giants have a large market share, with the J.M. Smucker Company being the largest, accounting for more than 30% of the market. But the market is relatively diffuse, abundant of small players exist in the market. We believe that this trend will change in the future.

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