Global Peanut Butter Market to Reach US$ 4 Billion by 2021
According to a new report by Expert Market Research, the peanut butter market is currently being driven by the nutritional profile of peanut butter as it is rich in protein, dietary fibre and vitamins.
Peanut butter is primarily prepared from ground dry roasted peanuts. It is highly nutritious as it contains low calories and higher levels of proteins in comparison to other spreads, which makes it a healthy substitute for milk butter. Peanut butter offers various health benefits as it helps to improve heart health, prevent gallstones, reduce the risk of diabetes and serves as an energy booster. It also assists in weight loss by acting as a hunger suppressant. Owing to these benefits, it is widely used as a spread as well as in savoury sauces, smoothies, breakfast foods and numerous bakery products. According to a new report by Expert Market Research, global peanut butter market reached sales worth US$ 3 Billion in 2015 and is further expected to reach revenues worth US$ 4 Billion.
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The global peanut butter market is currently gaining impetus due to a number of factors. Rising health consciousness among the consumers has resulted in the growing demand for low-calorie and healthy food products, which in turn, is bolstering the global demand for peanut butter. Some of the other factors such as increasing population, rising disposable incomes, shift towards the intake of convenient and ready-to-eat foods and growing demand from emerging markets are also contributing towards the growth of the global market for peanut butter.
Browse full report with TOC: http://www.expertmarketresearch.com/reports/peanut-butter-market
Key findings from the report:
Market breakup by Type
Market breakup by Region
Find more report related to food & beverage industry: http://www.expertmarketresearch.com/categories/food-beverages-market-reports
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