Creamy peanut butter is a type of peanut butter that has been ground to a smooth consistency. Creamy peanut butter is a type of peanut butter that is smooth and easy to spread. It is made from peanuts that have been roasted and then ground until they become a paste. The peanuts are usually ground with a small amount of salt, sugar, and oil. The ratio of these ingredients varies between brands, but some popular ratios include 80% peanuts to 20% oil or 85% peanuts to 15% sugar. There are also sweetened varieties that include honey or agave nectar as additional ingredients.
Creamy peanut butter is a food paste made from ground nut or peanut. It consists essentially of cleaned, graded, blanched, roasted and crushed groundnuts containing about 45 percent of oil and over 25 percent of proteins, being thus a highly nutritive food. Since India occupies the first position both in regard to the area and the production of groundnut, in the world, it is bound to explore all the qualitative values of groundnut, and use it to the maximum.
The major groundnut-producing countries of the world are India, China, Nigeria, Senegal, Sudan, Burma and the USA. Out of the total area of 18.9 million hectares and the total production of 17.8 million tons in the world, these countries account for 69% of the area and 70% of the production. India occupies the position, both in regard to the area and the production, in the world. About 7.5 million hectares is put under it annually and the production is about 6 million tons. You can find it in most grocery stores, and it is a popular choice for sandwiches and baking.
Uses and Application
Peanut butter is a versatile food that can be used in a variety of ways. It can be spread on toast, used as a dip for fruit, or even added to smoothies for a boost of protein. Plus, it's a great source of healthy fats and vitamins.
Creamy peanut butter is used mainly as a sandwich spread, and owing to its high lipid and protein contents, it has become a major constituent of ready-to-use therapeutic food in treating malnutrition in children and AIDS patients, particularly in the developing world. Peanut butter, a smooth paste obtained after grinding roasted peanuts is traditionally an important product used for cooking purposes in many homes. The paste is used in preparation of side dishes and is also cooked with vegetables, pearled sorghum and maize to make a variety of dishes.
• Peanut butter is used for making Sandwiches
• In the production of Candy
• In the production of bakery products
• 94% use the product as a spread.
• 74% use it in a sandwich by itself.
• 71% use the product between meals.
• 40% combine in sandwiches with meat of jelly.
• 32% use in candies.
• 25% use as a flavor ant for food dishes.
The Peanut Butter Market growth at a CAGR of 6.60% & expected USD 7.19 billion by 2029. The market is further estimated to witness a healthy growth in the forecast period of 2022-2027.
The growing consumer preference for peanut butter spread during meals is anticipated to supplement the growth of the market in the forecast period. This can be attributed to the ease of consumption offered by peanut butter, which can be used as a spread or topping on various food items including bread and crackers, among others. In addition, peanut butter is also used to cook a variety of dishes including baked goods like cakes and cookies, and beverages such as smoothies and milk shakes, among others.
Peanut butter is a food paste made primarily from ground dry roasted peanuts and can be traced back to the Aztecs. It is widely used for its nutritional value and taste due to the presence of heart-healthy monounsaturated fat. It is an ideal substitute to milk butter.
The market growth is significantly increasing health awareness across the globe. The rising trend of health consciousness and increasing demand for high protein food products among youth and millennial are driving the demand for peanut butter across the globe.
Industry Major Market Players:
1. Unilever (UK)
2. Procter & Gamble (US)
3. The J.M. Smucker Company (US)
4. Hormel Foods Corporation (US)
5. Boulder Brands (US)
6. The Kraft Heinz Company (US)
7. Algood Food Co. (US)
8. Conagra Brands, Inc. (US)
9. Britannia Dairy Private Limited (Bengaluru)
10. Hormel Foods Corporation (US),
11. Justin's, LLC (US)
12. The Leavitt Corporation (US)
13. DiSano (India)
14. Alpino (India)
15. Pintola (India)