Peanut butter price inflation, 20042025

The market is segmented into physical and online store distribution channels, with online sales demonstrating significant growth potential driven by e-commerce penetration and direct-to-consumer models. In terms of product types, both salted and sweet peanut butter variants command significant market share, with continuous innovation in flavor profiles and textures to meet diverse consumer demands. The total import value increased at an average annual rate of X% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2023 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year. In 2024, shipments abroad of peanut butter and prepared or preserved groundnuts increased by X% to X tons, rising for the third year in a row after four years of decline.

Avoiding The Slippery Slope Of Peanut Butter Costing

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2024, with a combined X% share of global imports. Japan, South Korea, the UK, Canada, Saudi Arabia, the United Arab Emirates and Iraq lagged somewhat behind, together comprising a further X%. Learn about the projected growth in the nuts market in the United States over the next decade, driven by increasing demand for prepared or preserved nuts. Market volume is expected to reach 839K tons and market value to $5B by the end of 2035. Explore the projected growth of the peanut butter and groundnuts market in the United States over the next decade, with an expected increase in both volume and value terms by 2035.

Step 3 – Data Sources

Global consumption peaked in 2024 and is expected to retain growth in years to come. Additionally, the high demand for peanut butter, fueled by its popularity among health and fitness enthusiasts, as well as shifting consumer preferences, has played a significant role in driving up its cost. As a result, the exports reached the peak and are likely to continue growth in the immediate term. In May 2025, the average peanut butter export price amounted to $3,452 per ton, growing by 2.6% against the previous month.

Peanut butter blends are becoming increasingly popular, offering a unique twist on traditional peanut butter. Honey roasted peanut butter is made by roasting peanuts with honey, resulting in a sweet and nutty flavor. Chocolate peanut butter is a decadent blend of peanut butter and cocoa, perfect for satisfying sweet cravings. Spicy peanut butter is made by adding spices such as cayenne pepper or chili flakes, giving it a bold and adventurous flavor. In value terms, the largest peanut butter suppliers to the United States were Mexico ($X), Canada ($X) and Argentina ($X), with a combined X% share of total imports.

Product innovation, with manufacturers continuously introducing novel flavors, healthier formulations, and convenient packaging, further stimulates demand and attracts new consumer segments. The expansion of e-commerce channels also plays a crucial role by enhancing accessibility and product discovery. The study delves into market dynamics, key players, evolving consumer preferences, and the impact of industry developments, offering insights valued in the millions. The average peanut butter export price stood at $X per ton in 2024, dropping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern.

• For instance, if a manager applies less overhead, then the cost could get lower.
• In weighing the decision between homemade and store-bought peanut butter, consumers should consider their priorities, whether it’s the desire for healthier ingredients, flavor variety, or cost-effectiveness.
• As a result, imports reached the peak of $X, and then dropped in the following year.
• In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2024, with a combined X% share of global imports.
• Even within leading brands like Jif and Skippy, there are different pricing strategies.
• Hold the bread and the jelly — the price you pay at the grocery store for two popular peanut butter brands is about to increase, along with other items.

RTD Protein Industry Unlocking Growth Potential: 2025-2033 Analysis and Forecasts

Despite the higher cost, many consumers prefer natural peanut butter for its richer flavor and perceived health benefits. Additionally, some natural peanut butter brands may offer discounts or promotions, making them more competitive with regular peanut butter prices. Other factors that can impact the price of peanut butter include the brand, packaging, and distribution costs. Name-brand peanut butter, for example, tends to be more expensive than store-brand or generic peanut butter. The packaging, including the type of jar and labeling, can also add to the cost.

• Natural peanut butter is made from peanuts that are free from additives and preservatives, resulting in a product with a richer, more intense flavor.
• If you choose to republish our data on your own website, we simply ask that you provide a proper citation or link back to the respective page on Market.us Media.
• HR, for example, helps other departments write job descriptions, collect and review resumes and schedule interviews.
• Assume that Sturdy’s cutting department has 30% of the total employees who work in production.

How can I stay updated on further developments or reports in the Peanut Butter?

The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. From 2018 to 2024, the growth of the global exports remained at a lower figure. For the third consecutive year, the global peanut butter market recorded growth in sales value, which increased by X% to $X in 2024. The market value increased at an average annual rate of X% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year.

The table below shows average prices and their corresponding “real” prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS. The average price for Butter is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. The price of peanut butter can vary significantly by region due to factors such as transportation costs, taxes, and local demand. For example, states with higher sales taxes or transportation costs may have higher prices for peanut butter.

However, every cost you incur in your business peanut butter price history from 1997 through 2025 must be tied to a product that you sell. To accomplish this, overhead costs are applied to a product using an overhead rate. Bureau of Labor Statistics, prices for peanut butter are 88.67% higher in 2025 versus 1997 (a $2.20 difference in value).

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Related Data and Content

To properly allocate overhead, you need to change your cost assignment process. The catering company should track the cost to take each order, generate an invoice, fill each order and load the truck. If 2 clients generate the most costs, they should be allocated more of the overhead. A company can use this costing method to overcome the drawbacks of the peanut-butter costing method. Like spreading peanut butter, they simply spread the cost evenly over every product.

The market size is provided in terms of value, measured in million and volume, measured in K. As requested- presale engagement was good, your perseverance, support and prompt responses were noted. Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. Peanut butter is a common allergen, and individuals with peanut allergies should avoid it. Allergic reactions to peanuts can range from mild to severe and can be life-threatening in some cases. Properly storing peanut butter in a cool, dry environment is essential to preserve its freshness and prevent spoilage.

In 2024, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest. Innovations focus on catering to diverse dietary needs, with sugar-free, low-sodium, and high-protein options gaining traction. The demand for natural and organic peanut butter, free from artificial additives and preservatives, is a persistent trend.