Overview

Big spread: Industry revenue will stabilize, though changes in weather will continue to affect input prices

The Peanut Butter Production Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • An increase in the price of peanuts primarily caused an increase in industry revenue
  • Technological advancements have helped producers automate many of the processes traditionally performed by labor
  • Producers only have a limited ability to absorb higher input prices
  • Industry Analysis & Industry Trends

    The Peanut Butter Production industry has exhibited impressive growth in the five years to 2016. Peanut butter is a consumer staple and does not experience wild fluctuations in demand, even during recessions. The main reason the industry's revenue has increased over the past five years is due to a major spike in the price of peanuts, which occurred midway through the five-year period. During the latter half of the five-year period, manufacturers readjusted prices to reflect lower peanut prices, resulting in revenue declines from 2013 onward. Demand for peanut butter is expected to remain robust in the next five years as it maintains its position as an important household staple. However, because of fluctuating peanut prices, industry revenue will likely remain volatile.

    Industry Report - Industry SWOT Analysis Chapter

    The Peanut Butter Production industry is forecast to grow at a faster rate than the overall economy over the 10 years to 2021. IBISWorld estimates the industry’s contribution to the overall economy, as measured by the industry value added (IVA), will increase an annualized 3.2% during the 10-year period. Comparatively, US GDP is forecast to rise at an annualized rate of 2.0% over the same period. Although this industry is expected to outperform the economy as a whole during this period, IBISWorld considers the industry as in the mature phase of its life cycle. The industry is characterized by relatively flat growth in enterprise numbers and only a few companies produce the majority of peanut butter in the United States. Fur

    Additional Insights for the Peanut Butter Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Peanut Butter Production Industry are

  • Established brand names
  • Supply contracts for key inputs
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Agricultural price index in the Peanut Butter Production industry impact industry performance..

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    Industry Products

    What is the Peanut Butter Production Industry?

    This industry primarily manufactures peanut butter. Industry products are then packaged and distributed to grocery wholesalers, supermarkets, specialty food stores and food service contractors for human consumption. The industry excludes peanut butter made by manufacturers for use in their own candy and snacks.

    Industry Products
    Brand name, retail-size peanut butter
    Private label, retail-size peanut butter
    Peanut butter sold in commercial and bulk sizes
    Industry Activities
    Producing peanut butter
    Producing peanut butter mixes
    Producing peanut butter snacks
    Producing peanut butter varieties

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Agricultural price index
  • Healthy eating index
  • Demand from supermarkets and grocery stores

  • Current Performance
  • Increased automation and shifting industry structure
  • Consumer trends
  • Imports and exports
  • Chart: Revenue Growth

  • Industry Outlook
  • Volatile prices
  • Wages and profit
  • Economic drivers of industry performance
  • Imports and exports
  • Table: Peanut Butter Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Peanut Butter Production Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Cereal Production
  • Chocolate Production
  • Bread Production
  • Grocery Wholesaling
  • Supermarkets & Grocery Stores

  • Key Selling Industries
  • Fruit & Nut Farming
  • Glass Product Manufacturing
  • Plastic Bottle Manufacturing
  • Seasoning, Sauce and Condiment Production
  • Sugar Processing

  • Products & Services
  • Brand name, retail-size peanut butter
  • Private label, retail-size peanut butter
  • Peanut butter sold in commercial and bulk sizes
  • Chart: Peanut Butter Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets and grocery stores
  • Other retail channels
  • Institutional and foodservice customers
  • Exports
  • Chart: Major Market Segmentation for the Peanut Butter Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Peanut Butter Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Peanut Butter Production Industry

  • Industry Globalization
    Major Companies
    The JM Smucker CompanyHormel Foods Corporation Post Holdings Inc.ConAgra Brands Inc.
  • Table: The JM Smucker Company - financial performance
  • Table: Hormel Foods Corporation - financial performance
  • Table: Post Holdings Inc. - financial performance
  • Table: ConAgra Brands Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Peanut Butter Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Peanut Butter Production Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Agricultural price index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Blanching
  • The process of removing the skin from a raw peanut prior to roasting and additional processing.
  • Runner Peanut
  • The most common variety of peanut grown in the United States and used in the production of peanut butter. The runner variety thrives in a warm climate and sandy, well-drained soil.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Peanut Butter Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Peanut Butter Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Peanut Butter Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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