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Non-Peanut Nut Butters Market Analysis: Overview
The term “nut butters” is a catch-all for any kind of spreadable food product made from crushed or blended nuts. The demand for nut butters has increased dramatically over the past several years as well as in popularity. Numerous varieties of plant-based butters have developed over the past few years, but initially peanut butter was the only alternative to dairy butters due to technological advancements and consumers’ growing awareness of these products.
The nut butters are made from a variety of seeds and nuts that have been enhanced with fibre, protein, and other nutrients to promote optimal health. A variety of nut butters and plant-based butters are now sold on the international market, including pistachio, soy, almond, peanut, cashew, and sesame butters, among others. These plant-based butters are typically made by crushing or grinding, roasting, and refrigerating. Additionally, nut butters have more uses outside of the food industry, including in the personal care and cosmetics sectors, where demand is rising on a global scale.
The market for nut butter is expanding as more people are consuming a variety of nuts and as consumer awareness of the nuts’ health benefits rises. The protein nut butters have become more and more popular as a result of the abundance of unsaturated fats in nuts. These nuts typically contain good-quality fiber, bioactive macronutrients, vitamins (tocopherols, minerals, phenolic compounds, and phytosterols), as well as vegetable protein. The high quality of the nutrients helps to increase consumer demands for the product and is anticipated to fuel market growth over the course of the forecast period.
However, COVID-19’s global lockout has decreased all demand for global market goods, resulting in a significant loss for the industry. The lockout has disrupted the world’s supply chain for nutritious nut butters. In addition to losing investors, the nut butter market has experienced slow market growth. Furthermore, the important market players haven’t given up, and they’ve used a variety of strategies and marketing concepts related to the global market to strengthen and increase its power. The rising demand for the product in various regions has increased demand.
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Global Non-Peanut Nut Butters Market: Major Players
Naturally Nutty
Barney Butter
Big Spoon Roasters
Blue Mountain Organics
Futter’s Nut Butters
Nuts’N More
Justin’s
Wild Friends
Once Again Nut Butter Collective
NuttZo
Julie’s Real
MaraNatha
Yumbutter
The J.M. Smucker Company
Eliot’s Adult Nut Butters
Georgia Grinders
Global Non-Peanut Nut Butters Market: By Types
Almond butter
Hazelnut butter
Cashew butter
Acorn butter
Pistachio butter
Walnut butter
Other
Global Non-Peanut Nut Butters Market: By Applications
Supermarket
Hypermarket
Convenience store
Online shopping mall
Specific retailers
Other
Opportunities:
Consumer awareness of the effects of chemicals in food on the environment and human health is expanding. The demand for nut butters is rising as consumers choose products that are grown and processed organically as they become more aware of the harmful impact that chemicals may have on human health. Both in the United States and in European nations like the UK, Germany, France, and Italy, people are eating more organic food. Customers in these countries are more likely to purchase organic food due to the advantages of organic farming and serious concerns about food safety, creating lucrative opportunities for nut butter producers. Sales of organic nut butters are likely to increase as consumer demand for organic foods rises. Numerous significant nut butter producers are spending money on R&D.
Restraints:
Due to fluctuating raw material prices and an uptick in tree nut allergies in recent years, the global market for nut butter may see challenges. A sizable section of the population suffers from allergies to some nut varieties, including walnuts, almonds, hazelnuts, and Brazil nuts, which restrains the market expansion for nut butters. The symptoms of nut allergies can range from mild to severe and include breathing problems, rashes, dermatitis, and itching. The consumption of nut-based products has decreased as a result of the rise in nut allergies, which is a significant factor that is anticipated to restrain the growth of the global Nut Butters Market over the course of the forecast period.
