GCC Peanut Butter Market

GCC Peanut Butter Market Overview:

The GCC peanut butter market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Peanut butter is a type of spread that is generally produced from ground dry roasted peanuts. It is typically eaten with bread, toast, crackers, and other similar items and is also used as an ingredient in a variety of other dishes. It is rich in numerous essential nutrients, such as protein, healthy fats, and fiber and is a good source of vitamins and minerals. It brings a healthy addition to a balanced diet when eaten in moderate quantities. It is a versatile ingredient that is mainly used in a variety of recipes, including cookies, cakes, pies, and other dessert items, as well as in the preparation of various savory dishes. Additionally, it is widely available in chunky and smooth varieties and can be found in many stores across the GCC region. Due to its rich flavor, and nutritional benefits, there has been a considerable increase in the demand for peanut butter across the GCC region.

The escalating demand for high-protein food products among individuals majorly drives the GCC market. Coupled with this, the widespread consumption of peanut butter on a daily basis with sandwiches and wraps for providing a convenient and nutritious meal option is acting as another growth-inducing factor. In addition to this, numerous manufacturers are introducing a wide range of flavors, such as chocolate, cookie dough, maple, and cinnamon, which is creating a positive market outlook. Furthermore, easy product availability via online and offline organized distribution channels and the advent of home delivery models are providing a boost to the sales of peanut butter across the region. Apart from this, the development of aggressive marketing strategies, celebrity endorsements and innovative packaging solutions are impacting the market favorably. Some of the other factors driving the market further include rapid urbanization, changing dietary patterns of individuals and the growing popularity of social media among the masses.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC peanut butter market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC peanut butter market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC peanut butter market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC peanut butter market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC peanut butter market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC peanut butter market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC peanut butter market industry. Furthermore, the value chain analysis of the GCC peanut butter market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.

GCC Peanut Butter Market Segment Insights:

The GCC peanut butter market has been analysed as followed:

Segmentation by Product Type:

• Crunchy Peanut Butter
• Smooth Peanut Butter
• Others

Segmentation by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Peanut Butter Market Report:

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customization:

The GCC peanut butter market report can be customized to as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.