Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Nut Based Spread Market to reach USD XX billion by the end of 2030.

Global Nut Based Spread Market Size Study & Forecast, by Product Type (Peanut-based Spreads, Hazelnut-based Spreads, Almond-based Spreads, Walnut-based Spreads, Other Product Types), by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialist Retailers, Other Distribution Channels) and Regional Analysis, 2023-2030

Product Code: OIRFB-99086444
Publish Date: 20-12-2023
Page: 200

Global Nut Based Spread Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Nut-based spread refers to a type of spreadable food product made primarily from ground nuts, such as almonds, hazelnut , cashews, and so on. These spreads are often used as alternatives to traditional spreads such as butter or margarine. Nut-based spreads are known for their rich and creamy texture, along with their distinct nutty flavor. Additionally, the growing consumer focus on health and wellness, coupled with the rise in disposable income in emerging nations, has led to an increased preference for high-quality nut based spread products.

The rising popularity of plant-based diets and the increasing number of vegan consumers have boosted the demand for nut-based spreads as a viable alternative to traditional spreads. According to data published by Sentient Media in March 2022, the Good Food Institute forecasts that plant-based food sales experienced three times faster growth compared to overall food sales in 2021. Additionally,. Moreover, According to a 2023 report by the Good Food Institute, there are an estimated 290 million vegans worldwide. This number is up from 280 million in 2021 and is expected to continue growing in the coming years. In addition, the expanding distribution channels, effective marketing strategies, and product innovation by manufacturers are providing lucrative opportunities for the growth of the Nut-Based Spread Market. However, potential allergic reactions to nuts, as well as higher product pricing compared to conventional spreads, impede the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Nut Based Spread Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increase in the production of nut-based spreads in the region, with a focus on utilizing high-quality ingredients and innovative manufacturing processes. This has resulted in a wide variety of nut-based spread options available to consumers in North America.
Additionally, there is a rising demand for low-fat spreads in the region, driven by the growing health-consciousness among consumers. Asia Pacific is expected to grow at a fastest rate over the forecast period, owing to its large population base and the rapid expansion of the food and beverage industry in the region. The increasing popularity of packaged foods also contributes to the demand for nut-based spreads in Asian countries. The rising demand for hazelnut low-fat spreads is a key factor driving the growth of the Nut-Based Spreads Market in the Asia-Pacific region.

Major market player included in this report are:
The J.M. Smucker Company
The Kraft Heinz Company
Hormel Foods Corporation
Ferrero International
Conagra Foods Inc.
Nestle SA
The Hershey Company
Andros Group
General Mills Inc.
August Storck KG

Recent Developments in the Market:
Ø In April 2022, Toffifee introduced its range of hazelnut spreads in the United Kingdom, featuring enticing flavors such as crunchy roasted hazelnut, delightful caramel cup, smooth hazelnut spread, and indulgent rich chocolate. The spreads are available in both family-sized packaging and individual units.
Ø In January 2021, The J. M. Smucker Company was focused on strengthening its product assortment, and as part of this effort, their renowned brand Jif announced the upcoming launch of Jif Natural Squeeze Creamy Peanut Butter Spread. This new product innovation from the Jif brand is predicted to be conveniently available on digital platforms and select retail outlets.

Global Nut Based Spread Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Peanut-based Spreads
Hazelnut-based Spreads
Almond-based Spreads
Walnut-based Spreads
Cashew-based Spreads
Other Product Types

By Distribution Channel:
Convenience Stores
Specialist Retailers
Online Retail Stores
Other Distribution Channels

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Nut Based Spread Market, by Region, 2020-2030 (USD Billion)
1.2.2. Nut Based Spread Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Nut Based Spread Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Nut Based Spread Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Nut Based Spread Market Dynamics
3.1. Nut Based Spread Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rise in consumer disposable income Growing consumer focus on health and wellness
3.1.2. Market Challenges Allergic reactions to nuts Higher product pricing compared to conventional spreads
3.1.3. Market Opportunities Expanding distribution channels Product innovation by market players
Chapter 4. Global Nut Based Spread Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Nut Based Spread Market, by Product Type
5.1. Market Snapshot
5.2. Global Nut Based Spread Market by Product Type, Performance – Potential Analysis
5.3. Global Nut Based Spread Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Nut Based Spread Market, Sub Segment Analysis
5.4.1. Peanut-based Spreads
5.4.2. Hazelnut-based Spreads
5.4.3. Almond-based Spreads
5.4.4. Walnut-based Spreads
5.4.5. Cashew-based Spreads
5.4.6. Other Product Types
Chapter 6. Global Nut Based Spread Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Nut Based Spread Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Nut Based Spread Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Nut Based Spread Market, Sub Segment Analysis
6.4.1. Hypermarkets/Supermarkets
6.4.2. Convenience Stores
6.4.3. Specialist Retailers
6.4.4. Online Retail Stores
6.4.5. Other Distribution Channels
Chapter 7. Global Nut Based Spread Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Nut Based Spread Market, Regional Market Snapshot
7.4. North America Nut Based Spread Market
7.4.1. U.S. Nut Based Spread Market Product Type breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Nut Based Spread Market
7.5. Europe Nut Based Spread Market Snapshot
7.5.1. U.K. Nut Based Spread Market
7.5.2. Germany Nut Based Spread Market
7.5.3. France Nut Based Spread Market
7.5.4. Spain Nut Based Spread Market
7.5.5. Italy Nut Based Spread Market
7.5.6. Rest of Europe Nut Based Spread Market
7.6. Asia-Pacific Nut Based Spread Market Snapshot
7.6.1. China Nut Based Spread Market
7.6.2. India Nut Based Spread Market
7.6.3. Japan Nut Based Spread Market
7.6.4. Australia Nut Based Spread Market
7.6.5. South Korea Nut Based Spread Market
7.6.6. Rest of Asia Pacific Nut Based Spread Market
7.7. Latin America Nut Based Spread Market Snapshot
7.7.1. Brazil Nut Based Spread Market
7.7.2. Mexico Nut Based Spread Market
7.8. Middle East & Africa Nut Based Spread Market
7.8.1. Saudi Arabia Nut Based Spread Market
7.8.2. South Africa Nut Based Spread Market
7.8.3. Rest of Middle East & Africa Nut Based Spread Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. The J.M. Smucker Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. The Kraft Heinz Company
8.3.3. Hormel Foods Corporation
8.3.4. Ferrero International
8.3.5. Conagra Foods Inc.
8.3.6. Nestle SA
8.3.7. The Hershey Company
8.3.8. Andros Group
8.3.9. General Mills Inc.
8.3.10. August Storck KG
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now