According to Organic Market Research, India Peanut Butter Market Share was USD 70.39 million in 2023 and the market is projected to touch USD 165.28 million by 2032, at a CAGR of 11.26% during the forecast period. The market is set for steady growth, driven by changing consumer preferences, increased health awareness, and greater product availability through both traditional and online retail channels. With the ongoing trend toward healthy eating, manufacturers are focusing on offering high-quality, flavorful, and nutritious peanut butter options that cater to diverse tastes and dietary requirements. As more consumers embrace peanut butter as a versatile and healthy spread, the market is poised for further expansion in the coming years.

The India Peanut Butter Market Size is experiencing significant growth, driven by increased consumer awareness of healthy eating habits, rising disposable incomes, and changing lifestyles. As more people become health-conscious, peanut butter is increasingly being perceived as a nutritious and convenient food option, high in protein, healthy fats, and essential nutrients. Its versatility and wide applications in breakfast and snack recipes have also contributed to its growing popularity across the country.

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Market Segmentation

By Flavor

·       Unflavored

·       Flavored

By Packaging

·       Pouches

·       Cups

·       Jars

By Price Range

·       Premium

·       Value

By Product Type

·       Crunchy/Chunky

·       Creamy/Smooth

·       Powder

By Pack Size

·       Up to 100g

·       101g – 350g

·       351g – 500g

·       501g – 1000g

·       More than 1000g

By Ingredient Preferences

·       Conventional

·       Organic

By End-user

·       Bakeries/Cake Shops

·       Households

·       Hotels/Restaurants/Cafes

·       Others

By Distribution Channel

·       Supermarkets/Hypermarkets

·       Convenience and Departmental Stores

·       Online Channel

·       Specialty Stores

·       Others

Customization Scope

·       Available upon request

Pricing

·       Available upon request

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India Peanut Butter Market Revenue

Key Players in the Market

The major players in the market are Sundrop Foods Ltd., Pintola Pvt. Ltd., Tell Me Foods Pvt. Ltd., Skippy Foods Inc., Nutella S.p.A., Jif Inc., Bega Cheese Ltd., Alpina Foods Inc., Justin's Inc., and Kraft Heinz Company.

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