Peanut butter is a food paste or spread produced from ground dry roasted peanuts, also known as ground-nut butter or pindjur. Salt and sweeteners (honey, sugar), as well as stabilisers, are frequently used to change the taste or texture (xanthan gum, lecithin). Peanut butter is widely consumed in a variety of countries and cultures. On breads, muffins, bagels, toast, and even sandwiches, it can be used as a substitute for other nut butters like almond or cashew butter.
Peanut butter is a spread or culinary substance produced from crushed dry roasted peanuts. To make it more palatable, it often adds chemicals that alter the taste and texture, such as salt, sweeteners, and emulsifiers; these ingredients are usually indicated on the label.
Peanut butter is a food paste or spread produced from ground dry roasted peanuts, often known as groundnut butter or just PB. It frequently contains extra oil and salt. Peanut butter can be spread on toast or bread, and it's frequently used in sweets and other dishes like pancakes and pasta sauce.
It can also be used to make crackers and cookies, mixed into smoothies, and used as a sandwich filling, among other things. Peanut butter is a paste or spread made from pulverized dry roasted peanuts and occasionally other nuts like hazelnuts or almonds.
It is commonly eaten with toast or crackers as a snack, served on celery sticks as an appetiser, or used as an ingredient in many American recipes, including desserts and other dishes, where it often contains additional sweeteners and flavourings, notably sugar in the United States, Canada, the United Kingdom, and Australia.
Peanut butter is primarily used as a sandwich spread, but because of its high lipid and protein content, it has become a key component of ready-to-use therapeutic foods for treating malnutrition in children and AIDS patients, especially in developing countries.
Peanut butter, a smooth paste made from ground roasted peanuts, has long been a popular cooking ingredient in many households. The paste is used to prepare a variety of foods, including side dishes, and is also cooked with vegetables, pearled sorghum, and maize.
• Sandwiches are made with peanut butter.
• In the confectionery industry
• In the bakery industry
• 94 percent of people use it as a spread.
• 74% of people use it on its own in a sandwich.
• 71% of people use it in between meals.
• 40 percent of the mixture is used in sandwiches with jelly meat.
• Candies account for 32% of the total.
• 25% of the time, it's used as a flavouring in meals.
Peanut butter is a high-protein, low-calorie food that is also high in nutrients. It can be used as a bread spread and is a healthier alternative to dairy butter. Peanut butter has a larger market presence in Western countries than in Asian countries such as India, where the product is still relatively new. Peanut butter is used as a spread and as a substitute for milk butter in a variety of applications.
Peanut butter, on the other hand, is a low-calorie, high-protein spread when compared to other spreads. Peanut butter consumption has a number of advantages, including the ability to assist people lose weight and provide optimal nutrition. Peanut butter powder is also available and is utilised in a variety of applications, including breakfast foods, savoury sauces, and smoothies.
In value terms, the Indian butter market was worth INR 420 crore in 2011-12. Cheese spread, on the other hand, is predicted to reach a market value of 5473 metric tonnes by the end of the forecast period. From 2017-18 to 2022-23, the peanut butter market is predicted to rise at a rate of more than 10%. With a CAGR of 13% between 2018 and 2023, the India Peanut Butter market will be worth 3.3 billion dollars in 2023.
Due to increased consumer demand for low-calorie nutritious foods, the worldwide peanut butter market is predicted to rise strongly throughout the forecasted period. Over the anticipated period, North America is expected to contribute the largest market share of all regions, followed by Europe. Due to the high disposable income of consumers in North America, the United States is likely to contribute the largest market share. The peanut butter market in emerging economies such as Asia Pacific, on the other hand, is expected to grow at the fastest rate due to increased consumer disposable income in these regions.
The global peanut butter market is predicted to be worth USD 6.73 billion and is expected to develop at a CAGR of 10.0 percent from 2016 to 2024.
Key Player:
· Dr. Oetker India Pvt. Ltd.
· Innovative Foods Ltd.
· Sampre Nutritions Ltd.
· Sundrop Foods India Pvt. Ltd.
· Veeba Food Services Pvt. Ltd.
