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:
Segmentation by Distribution Channel:
Segmentation by Country:
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:
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.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2 Research Methodology
2.1 Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3 Executive Summary
4 Global Sweet Spreads Industry
4.1 Historical Market Trend
4.2 Market Segmentation by Region
4.3 Market Outlook
5 Global Peanut Butter Industry
5.1 Historical Market Trend
5.2 Market Segmentation by Region
5.3 Market Outlook
6 GCC Peanut Butter Market
6.1 Industry Overview
6.2 Key Industry Developments
6.3 Market Trends
6.3.1 Key Market Indicators
6.3.2 Historical Market Trends
6.3.3 Market Outlook
7 GCC Peanut Butter Market Segmentation by Country
7.1 Saudi Arabia
7.1.1 Historical Market Trends
7.1.2 Market Outlook
7.2 United Arab Emirates
7.2.1 Historical Market Trends
7.2.2 Market Outlook
7.3 Qatar
7.3.1 Historical Market Trends
7.3.2 Market Outlook
7.4 Kuwait
7.4.1 Historical Market Trends
7.4.2 Market Outlook
7.5 Oman
7.5.1 Historical Market Trends
7.5.2 Market Outlook
7.6 Bahrain
7.6.1 Historical Market Trends
7.6.2 Market Outlook
8 GCC Peanut Butter Market Segmentation by Product Type
8.1 Crunchy Peanut Butter
8.1.1 Historical Market Trends
8.1.2 Market Outlook
8.2 Smooth Peanut Butter
8.2.1 Historical Market Trends
8.2.2 Market Outlook
8.3 Others
8.3.1 Historical Market Trends
8.3.2 Market Outlook
9 GCC Peanut Butter Market Segmentation by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Historical Market Trends
9.1.2 Market Outlook
9.2 Convenience Stores
9.2.1 Historical Market Trends
9.2.2 Market Outlook
9.3 Online
9.3.1 Historical Market Trends
9.3.2 Market Outlook
9.4 Others
9.4.1 Historical Market Trends
9.4.2 Market Outlook
10 GCC Peanut Butter Industry: Market Dynamics
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 GCC Peanut Butter Industry: Value Chain Analysis
11.1 Overview
11.2 Research and Development
11.3 Raw Material Suppliers
11.4 Inbound Logistics
11.5 Production
11.6 Marketing
11.7 Outbound Logistics
11.8 Consumers
12 GCC Peanut Butter Industry: Porter’s Five Forces Analysis
12.1 Overview
12.2 Threat of New Entrants
12.3 Threat of Substitutes
12.4 Bargaining Power of Buyers
12.5 Bargaining Power of Suppliers
12.6 Intensity of Rivalry
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Key Success Factors
14 Key Player Profiles
List of Figures
Figure 1: Global: Sweet Spreads Industry: Sales Value (in Billion US$), 2017-2022
Figure 2: Global: Sweet Spreads Industry: Segmentation by Region (in %), 2022
Figure 3: Global: Sweet Spreads Industry Outlook: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Peanut Butter Industry: Sales Value (in Billion US$), 2017-2022
Figure 5: Global: Peanut Butter Industry: Segmentation by Region (in %), 2022
Figure 6: Global: Peanut Butter Industry Outlook: Sales Value (in Billion US$), 2023-2028
Figure 7: GCC: Peanut Butter Market: Sales Value (in Billion US$), 2017-2022
Figure 8: GCC: Peanut Butter MarketOutlook: Sales Value (in Billion US$), 2023-2028
Figure 9: GCC: Peanut Butter Market: Segmentation by Country (in %), 2022
Figure 10: GCC: Peanut Butter Market: Segmentation by Product Type (in %), 2022
Figure 11: GCC: Peanut Butter Market: Segmentation by Distribution Channel (in %), 2022
Figure 12: Saudi Arabia: Peanut Butter Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Saudi Arabia: Peanut Butter Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 14: United Arab Emirates: Peanut Butter Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: United Arab Emirates: Peanut Butter MarketOutlook: Sales Value (in Million US$), 2023-2028
Figure 16: Qatar: Peanut Butter Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Qatar: Peanut Butter MarketOutlook: Sales Value (in Million US$), 2023-2028
Figure 18: Kuwait: Peanut Butter Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Kuwait: Peanut Butter MarketOutlook: Sales Value (in Million US$), 2023-2028
Figure 20: Oman: Peanut Butter Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Oman: Peanut Butter Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 22: Bahrain: Peanut Butter Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Bahrain: Peanut Butter MarketOutlook: Sales Value (in Million US$), 2023-2028
Figure 24: GCC: Peanut Butter (Crunchy Peanut Butter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: GCC: Peanut Butter (Crunchy Peanut Butter) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 26: GCC: Peanut Butter (Smooth Peanut Butter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: GCC: Peanut Butter (Smooth Peanut Butter) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 28: GCC: Peanut Butter (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: GCC: Peanut Butter (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 30: GCC: Peanut Butter (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: GCC: Peanut Butter (Supermarkets and Hypermarkets) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 32: GCC: Peanut Butter (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: GCC: Peanut Butter (Convenience Stores) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 34: GCC: Peanut Butter (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: GCC: Peanut Butter (Online) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 36: GCC: Peanut Butter (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: GCC: Peanut Butter (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 38: GCC: Peanut Butter Industry: Market Dynamics
Figure 39: GCC: Peanut Butter Industry: Value Chain Analysis
Figure 40: GCC: Peanut Butter Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Peanut Butter Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Peanut Butter Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Peanut Butter Market Outlook: Segmentation by Product Type (in Million US$), 2023-2028
Table 4: GCC: Peanut Butter Market Outlook: Segmentation by Distribution Channel (in Million US$), 2023-2028
Table 5: GCC: Peanut Butter Market Structure
Table 6: GCC: Peanut Butter Market: Key Players
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