The Peanut Butter Production industry has exhibited impressive growth in the five years to 2016. Peanut butter is a consumer staple and does not experience wild fluctuations in demand, even during recessions. The main reason the industry's revenue has increased over the past five years is due to a major spike in the price of peanuts, which occurred midway through the five-year period. During the latter half of the five-year period, manufacturers readjusted prices to reflect lower peanut prices, resulting in revenue declines from 2013 onward. Demand for peanut butter is expected to remain robust in the next five years as it maintains its position as an important household staple. However, because of fluctuating peanut prices, industry revenue will likely remain volatile.
This industry primarily manufactures peanut butter. Industry products are then packaged and distributed to grocery wholesalers, supermarkets, specialty food stores and food service contractors for human consumption. The industry excludes peanut butter made by manufacturers for use in their own candy and snacks.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.