Peanut Butter Production in the US - Industry Market Research Report

Thin Spread: Declining Peanut Butter Prices Have Hampered Industry Revenue

The Peanut Butter Production industry's overall lackluster performance over the five years to 2019 is mostly a result of operators lowering the price of peanut butter to remain competitive in a concentrated industry. According to the US Bureau of Labor Statistics, the price of creamy peanut butter, the industry's most popular product, has decreased over the past five years. Despite revenue declines, peanut butter remains a consumer staple and does not experience wild fluctuations in demand. However, industry operators are anticipated to continue contending with lower prices moving forward. As a result, industry revenue has decreased during the current period. Over the five years to 2024, industry trends are forecast to reverse. Industry revenue is projected to expand during the outlook period, primarily as peanut butter maintains its status as a household and dietary staple.

Operators in this industry primarily manufacture peanut butter. Industry products are then packaged and distributed to grocery wholesalers, supermarkets, specialty food stores and food service contractors for human consumption. The industry excludes peanut butter made by manufacturers for use in their own candy and snacks.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.