Furthermore, the product is available in variety of flavors such as chocolate, vanilla, among others, which attracts consumers’ attention. Also, apart from being used as a spread, it can also be blended in sauce, can be used in bakery products, as well as can be used for preparing smoothie owing to their distinct taste and flavor. Therefore, the versatile uses of the product are likely to give impetus to the demand for the product during the forecast period.
In addition, growing demand for clean label, natural and organic food products, provides opportunity to the manufacturers for product diversification which will support them in capitalizing on the opportunity. Furthermore, availability of the product in attractive and convenient format such as on-the-go squeeze pack has attracted consumers’ attention. Also, the key manufacturers have been active with launching “free-from” nut butters to cater to the needs of health conscious consumers which helped the companies in increasing its consumer base.
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Major Key Players
The key players profiled in Global Nut Butters Market report include- Vermont Peanut Butter (USA), NuttZo Co (USA), Hormel Foods (USA), Funky Nut Company (UK), Futter’s Nut Butters (USA), Krema Nut Co (USA), Bliss Nut Butters (USA), Betsy’s Best (USA), Barney Butter (USA) and Saratoga Peanut Butter Co (USA), and The JM Smucker Company (USA) among many others.
The Global Nut Butters Market is segmented into Source, Packaging, Application, and by Region
On the Basis of Source- Edible Nuts, Oilseeds, Vegetable Extracts, and others
On the Basis of Packaging- Squeeze Packs, Jars, and others
The Global Nut Butters Market is segmented into Europe, North America, Asia-Pacific, and Rest of the World. Europe accounts for the largest market share followed by North America. Health benefits associated with the consumption of nut butters is driving the market in the region.
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