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. 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.
Indian butter market was valued at INR 420 crore in the year 2011-12 in value terms. On the other hand, cheese spread is expected to have market value of 5473 metric ton at the end of forecast period. Peanut butter market is expected to have growth rate more than 10% from 2017-18 to 2022-23. The India Peanut Butter market Size will be 3.3 Billion USD in 2023, with a CAGR of 13% between 2018 and 2023. This facilitates the development of new technologies and ensures a high quality product.
Few Indian major players are as under
· Dr. Oetker India Pvt. Ltd.
· Innovative Foods Ltd.
· Sampre Nutritions Ltd.
· Sundrop Foods India Pvt. Ltd.
· Veeba Food Services Pvt. Ltd.
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