Nut Butters Market is predicted to reach USD 5.04 billion at a CAGR of 4.50% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Nut Butters Market” that contains information from 2018 to 2030. The Nut Butters Market is estimated to register a CAGR of 4.50% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Nut Butters Market — Hormel Foods Corporation (US), Hain Celestial (US), The J. M. Smucker Co. (US), Bliss Nut Butters (US), Barney & Co. California LLC (US), East Wind Nut Butters (US), NuttZo Co (US), Krema Nut Company (US), Pip & Nut (UK), and Once Again Nut Butter (US).

Nut Butters Market Highlights

The global Nut Butters Market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 5.04 billion by 2030.

the nut butter market was experiencing steady growth due to increasing consumer awareness about health and wellness, as well as the popularity of plant-based diets. Nut butters, such as peanut butter, almond butter, and cashew butter, have gained traction as sources of protein, healthy fats, and various vitamins and minerals. They are commonly used as spreads, in baking, smoothies, and as general snacks.

Segment Analysis

The global Nut Butters Market has been segmented based Product Type, Operating Platforms

Based on product type, the Nut Butters market segmentation includes Peanut, Almond, Cashew, Hazelnut and Others. The almond category is anticipated to see the greatest CAGR of 5.33%, while the peanut segment had the most market share in 2021. The market for almond butter is expected to grow at a CAGR of 6.9% from 2022 to 2030, reaching a market worth of US$ 643.0 Mn by 2021. Almond butter sales are anticipated to account for roughly 21% of the entire demand in the worldwide Nut Butters market, which is projected to reach US$ 2.9 billion in 2021. Almonds are gaining popularity as a source of raw materials for non-dairy products as a result of its position as a superfood made from plants. Non-dairy food products made from almond protein powder and almond butter have well-known nutritional benefits as well as excellent flavour and texture.

The Nut Butters market segmentation, based on category, includes Conventional and Organic. In 2021, the conventional sector held a bigger market share, while the CAGR for the organic segment is predicted to be higher at 5.55%. These categories are often utilized throughout the areas based on their usefulness and quality.

The Nut Butters market segmentation, based on Distribution, includes Store-Based and Non-Store-Based. The store-based sector had the biggest market share in 2021 in terms of value. The store-based retail category includes convenience shops, hypermarkets, and supermarkets. Small grocery stores and specialty businesses are included in the other store section.

Regional Analysis

The global Nut Butters Market, based on region, has been divided into North America, Europe, Asia-Pacific and the Rest of the World. The North America Nut Butters market accounted for USD 43.90 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. The surge in desire for plant-based meals, nutritious foods, and healthy diets is mostly to blame for the rising demand in North America. In North America, interest in and excitement for plant-based diets and veganism are expanding. More than 9.5 million Americans already consume nut butter, according to an MRFR study. In the US, consumption of plant-based foods like meat substitutes, fruit juices, plant-based eggs, and dairy substitutes like nut butter has surpassed traditional animal and dairy products. According to data from the Good Food Institute and the Plant-Based Foods Association, it is increasing at a rate six times faster than animal products. This has significantly increased market growth in the North American Region. Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Asia-Pacific Nut Butters market area to be a lucrative regional market throughout the research period. The Region had 21.17% of the worldwide nut butter market in 2021, which is anticipated to grow at a CAGR of 5.43% from 2022 to 2030. With the biggest market share throughout the study period, the China Nut Butters market is the dominant country-level market in the area. With 4.3 billion people, or more than 60% of the world's population, and strong domination of vegetarian markets, the area is expected to present profitable prospects for producers of plant-based foods during the projection period. The Asia-Pacific nut butter market is now comparatively in its infancy. The development of the India Nut Butters market has faced major obstacles over the past several years due to various socioeconomic and cultural standards.

The second-largest market share belongs to the European Nut Butters market. This is brought on by the improving standard of living and the influence of significant important actors in these areas. Further, the Germany Nut Butters market held the largest market share, and the UK Nut Butters market was the fastest-growing market in the European Region.

Key Findings of the Study

• The global Nut Butters Market is expected to reach USD 5.04 billion by 2030, at a CAGR of 4.50% during the forecast period.


• The North America Nut Butters market accounted for USD 43.90 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. The surge in desire for plant-based meals, nutritious foods, and healthy diets is mostly to blame for the rising demand in North America.


• Based on product type, the Nut Butters market segmentation includes Peanut, Almond, Cashew, Hazelnut and Others. The almond category is anticipated to see the greatest CAGR of 5.33%, while the peanut segment had the most market share in 2021.

Hormel Foods Corporation (US), Hain Celestial (US), The J. M. Smucker Co. (US), Bliss Nut Butters (US), Barney & Co. California LLC (US), East Wind Nut Butters (US), NuttZo Co (US), Krema Nut Company (US), Pip & Nut (UK), and Once Again Nut Butter (US).