Peanut Sauce is a healthy food spread made up from dry roasted peanuts extremely used and popular in varied cuisine around the globe. Peanut sauce is majorly utilized in vegetables, meat, chicken, to add flavours in meals, salad dressing like Gado-Gado, for breakfast with bread slices and many more. Peanut sauce is a component of healthy diet. Nutritional benefits of peanut sauce such as low in calories increases its consumption and expansion of Global Peanut Sauce Market. Peanut butter is one of the most consumed food spreads and is made by grinding and dry-roasting peanuts. It is an energy-rich product, which is generally marketed as a substitute for milk butter.
According to the report analysis,’ Global Peanut Sauce Market to reach USD XX billion by 2027’ Key players within the market are updating the older product by integrating it with new flavours like chocolate maple, orange, cinnamon, raisin which have been adopted by the consumers largely. Peanut contains nutrients that maintains sugar levels and boost a person’s heart health. Further, as per Media Today News in 2019, peanut sauce helps to maintain weight (gain or lose) as per its intake whereas reduce the risk of breast diseases. Similarly, as per a study by scientists from EPIC-PANACEA in 2018 proportionate intake of nuts including peanuts would results in weight gain or lowers the risks of obesity as per individual’s requirement. Major market player in the market of Global Peanut Sauce Market includes Jiff (by The J.M. Smucker Company) (US), Peanut Butter & Co. (US), Skippy (US), Planters (US), Peter Pan (By Conagra Brands) (US), Trader Joe’s (US), Thrive Market (US), Adams Peanut Butter Company (US) and PBfit (by BetterBody Foods) (US). The market is further segmented on the basis of type and application. On the basis of type segmented into Smooth, Crunchy and Others. On the basis of Application segmented into Paste and Other Pastries.
The regional analysis of global Peanut Sauce market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the globe to have proper availability of peanuts along with the strong presence of key market players within the region. Whereas, Asia-Pacific is additionally anticipated to exhibit highest growth rate over the forecast amount 2020-2027. Factors like increase in intake of healthy diet and increase in the consumption of peanut sauce would create moneymaking expansion prospects for the Peanut Sauce market across Asia-Pacific region.
Moreover, the vitamin E content in peanut butter is needed for the correction of vision and muscles’ orientation. It also serves as an antioxidant, giving it the ability to fight against diseases such as cancer, joint inflammation, and many other diseases. Consumers are spending on health products with similar nutritional values, and this is anticipated to facilitate the expansion of the global peanut butter market over the forecast amount. In addition, the surge in demand for convenience food and ready-to-eat meals is a strong force propelling the industry’s growth globally. Therefore, it is anticipated that the market of Global Pea Sauce Market will boost up throughout the forecast amount.
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Global Peanut Sauce Market Research Report
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