The global nut-based spread market is expected to grow at a CAGR of 6% during the forecast period, with the health benefits being one of the primary driving factors. Nuts and seeds are continually gaining popularity as recipe ingredients, spreads, snacks, and as a delicacy. Peanut-based spreads is the leading segment that holds the majority of the share of the global nut-based spreads market in 2018. The peanut-based spreads such as peanut butter and peanuts are considered as an efficient protein solution, as they are cholesterol-free and have lower saturated fat as compared to animal sources of protein. Moreover, it provides significantly good unsaturated fat, which assists in promoting heart health as part of a balanced diet. Peanut butter has healthy fats and lowers in non-whole grain carbohydrates as compared to other snack foods, such as crackers and pretzels. Peanut butter contains more fiber per serving as compared to conventional carbohydrate-rich snacks. This contributes to the higher consumption of peanut-based spreads, thereby augmenting the global nut-based spreads market.
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Furthermore, according to the Harvard T.H. Chan School of Public Health, substituting peanuts and peanut butter for monosaturated fat can efficiently reduce the risk of heart disease by 45.0%. They are the sources of heart-healthy monounsaturated fat and protein and can lower the risk of weight gain since it aids in feeling full for hours. The researchers of Purdue University stated that peanuts and peanut butter can ward off hunger for as much as two and a half hours as compared to rice cakes, with which the participants feel hungry post 30 minutes of consumption. The researchers further concluded the statement as peanut butter is a combination of protein and fiber that enables to increase the feelings of fullness.
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Current Market Trends Covered in the Nut-Based Spreads Market Report
- North America holds the largest share and is expected to continue to do so during the forecast period.
- Asia-Pacific is expected to gain traction in the global nut-based spreads industry over the forecast period.
- Based on the product type, hazelnut-based spreads segment is expected to register the fastest growth over the forecast period.
Nut-Based Spreads Market Segmentation
By Product Type
- Peanut-Based Spreads
- Almond-Based Spreads
- Walnut-Based Spreads
- Hazelnut-Based Spreads
- Others (Cashew-Based Spreads)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
