Increasing mindfulness with respect to medical benefits of nut butter is fueling the demand for the product inferable from which the market for nut butter is developing at a striking rate over the world.
Nut butter can be made using a variety of nuts, for example, almond, peanuts, cashews, seeds (pumpkins, sesame, and so on.). Among every one of the types, peanut butter is most generally used. Be that as it may, because of the growing incidences of peanut allergy, shoppers have moved to different options attributable to rising awareness level about product availability. Moreover, nut butter contains essential supplements, for example, fiber, protein, nutrients and minerals, and healthy fats, among others. These medical advantages of nut butter are probably going to give a push to the growth of the market. The product can help in managing cholesterol level, aid in weight reduction, and can help in balancing out glucose level.
Moreover, the product is available in various flavors, for example, chocolate, vanilla, among others, which pulls in buyers' attention. Likewise, aside from being used as a spread, it can likewise be mixed in sauce, can be used in pastry shop products, as well as can be used for preparing smoothie inferable from their distinct taste and flavor. Consequently, the versatile uses of nut butter are probably going to offer impulse to the demand for the product amid the forecast period.
Additionally, growing demand for clean label, organic and natural food products, gives the opportunity to the manufacturers for product diversification which will support them in benefiting from the chance. Moreover, the availability of the product in an attractive and convenient format, for example, on-the-go squeeze pack has pulled in customers' consideration. Additionally, the key manufacturers have been dynamic with launching "free-from" nut butter to take into account the needs of health-conscious consumers which helped the key players in expanding its customer base.
Some of the key limitations of the overall market are the availability of nut butter at relatively high prices combined with fluctuating production of different nuts, particularly in India. The demand for nut butter has increased, inferable from the progressions in food processing, as well as changing patterns of food consumption, and henceforth, the demand for nut butter is predicted to grow over the coming years.
The global nut butter market is categorized geographically into North America, Asia Pacific, Europe, and LAMEA. Europe is relied upon to dominate the market inferable from the largest share of the overall industry followed by North America and is expected to grow over the forecast period. Asia-Pacific is the other major market for Nut Butters and is foreseen to grow at an extensive rate attributable to the increasing demand for several food products in the nations, for example, India, China, and Japan.
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