The Latin America peanut butter market size was valued at USD 1.51 billion in 2024 and it is expected to be worth USD 0.94 billion by 2033 from USD 0.55 billion in 2025, growing at a CAGR of 7.01% from 2025 to 2033.
Peanut Butter is a food paste or spreads which is made from ground dry roasted peanuts. It often contains additional ingredients which modify the texture or taste, such as sweeteners, salt or emulsifiers. Peanut butter is popular in many countries around the world. Peanut butter is served as a spread on toast, bread or crackers, and used in making sandwiches notably the peanut butter and jelly sandwich. It is also used in numerous confections and packaged foods, such as Reese's Peanut Butter Cups which is made of chocolate-coated peanut butter, candy bars which are made from peanut butter-flavored snickers, and peanut-flavored granola bars. Comparable preparations are made by grinding other nuts. A variety of other nut butter are also sold, such as almond butter and cashew butter.
The driving factors of the Latin America Peanut Butter market are the growing demand for nutritious products coupled with the increasing disposable income of consumers particularly in developing countries. Other drivers that are driving the growth of the peanut butter market are the emergence of hectic life schedules and the growing demand for low-calorie healthy food. Changing lifestyle and shift towards the intake of convenient food are also some factors that are expected to drive the peanut butter market in the forecast period. A major constraint that is expected to hinder the growth of the peanut butter market is the availability of peanuts at competitive prices coupled with fluctuating peanut production.
Key Players In Latin America Peanut Butter Market are Procter & Gamble, Unilever, The J.M, Smucker Company, Hormel Foods Corporation, Boulder Brands Inc, Kraft Canada Inc,Algood Food Company Inc.
This Research Report on the Latin America Peanut Butter Market segmented and sub segmented into following categories
By Product
By Brand Type
By Distribution Channels
By Country
Frequently Asked Questions
The peanut butter market in Latin America refers to the industry involved in the production, distribution, and consumption of peanut butter across countries in Latin America.
The peanut butter market in Latin America is experiencing steady growth, driven by factors such as increasing consumer awareness about the health benefits of peanut butter, rising demand for convenience foods, and the popularity of peanut-based products in the region.
Common types of peanut butter consumed in Latin America include creamy peanut butter, crunchy peanut butter, and flavored peanut butter varieties such as chocolate, honey, and cinnamon.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1600
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region