- In May 2024, CRAVE, the well-known free-from food brand, introduced its new peanut-free spread, P’Not Butter (200g, RRP £4), into Sainsbury’s and ASDA stores across the UK. This crunchy, peanut butter alternative allows consumers to enjoy nutty flavors without the allergens
- In June 2024, Voyage Foods launched its allergen-friendly, peanut-free butter and hazelnut-free spread, described as a Nutella alternative, in foodservice-sized tubs available on Amazon. These spreads are designed to meet the needs of small foodservice operations, such as restaurants, bakeries, and daycare centers, which face challenges in meeting minimum order quantities from distributors
- In April 2022, Toffife introduced a range of new hazelnut spreads across the United Kingdom, offering unique flavors such as crunchy roasted hazelnut, caramel cup, smooth hazelnut spread, and a touch of rich chocolate. The products are available in both family-sized and individual packs
- In March 2022, Hershey India expanded its product offerings with the launch of two new nut-based spread flavors, almond and cocoa. These products are available in supermarkets and convenience stores throughout the country
- In January 2021, The J.M. Smucker Company aimed to strengthen its product assortment with the launch of Jif Natural Squeeze Creamy Peanut Butter Spread. This new product innovation, under the iconic Jif brand, was made available on digital platforms and specific retail outlets
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Peanut Based Spreads, Almond Based Spreads, Walnut Based Spreads, Cashew Based Spreads, Hazelnut Based Spreads, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail Stores, and Other Distribution Channels), Calorie (High Calorie Nut Based Spreads and Low Calorie Nut Based Spread) – Industry Trends and Forecast to 2032
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The Global Nut Based Spread Market size was valued at USD 3.50 USD Billion in 2024.
The Global Nut Based Spread Market is projected to grow at a CAGR of 5% during the forecast period of 2025 to 2032.
The major players operating in the market include The J.M. Smucker Company, Hormel Foods Corporation., Ferrero, The Hershey CompanyConagra BrandsInc..
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
