Indonesia Peanut Butter Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Processed Peanut Butter, Natural Peanut Butter), By Product (Chunky Peanut Butter, Creamy Peanut Butter), By Packaging Type (Jars, Pouches), End-User (Foodservice, Residential), And By Distribution Channel (Online, Offline (Hypermarkets, Convenience Stores, Others)) - Forecasts From 2022 To 2027

Description

Indonesia Peanut Butter Market Size:

The Indonesia peanut butter market is projected to grow at a CAGR of 1.97% during the forecast period, reaching a market size of US$6.458 million in 2027 from US$5.633 million in 2020.  

Indonesia Peanut Butter Market Trends:

The growth in the food processing industry in Indonesia is anticipated to push the demand for peanut processing as well, thereby increasing the overall market share for the same. Additionally, as per the March 2022 OilSeeds and Product Annual Report by the USDA, India has a major 83% of the total export share of peanuts to Indonesia. In another instance, as per the August 2021 release by the Center for North American Studies, Indonesia has no tariffs on Indian peanuts.

No export tariff on peanuts imported from major exporters like India also plays an important role in maintaining an abundant supply of the main raw material needed to produce peanut butter, which is projected to directly affect the market for peanut butter in the country on a positive scale. Also, most of the Indonesian population being millennials or GenZ is a vital determinant in progressing the market growth rate of peanut butter in the country. Also, developments by market players are also expected to play a key role in enhancing the lucrativeness of the market. For instance, PT Kaldu Sari Nabati, in July 2021 added the peanut butter variant under the Nabati Vitakrim vitamin-fortified wafer.

Indonesia Peanut Butter Market Growth Factors:

• Growing Peanut imports:

As per the August 2021 upload by the Center for North American Studies, the imports of in-shell peanuts in Indonesia increased from 137,000 metric tons in 2016 to 266,000 metric tons in 2018.  Additionally, according to the March 2022 Oilseeds and Products Annual Report by the United States Department of Agriculture (USDA), the projected peanut imports in Indonesia are projected to reach 400,000 metric tons by 2022/23 which is a 4% increase from 2021/22 period following the high demand from the food sector. Also, as per the source, peanut consumption in Indonesia is forecast at 1.355 MMT in 2022/23 which is also a slight increase from the previous year. Furthermore, the source also stated that farmers in Indonesia cultivate peanut crops as rotational crops to improve the soil quality between the planting sessions of main crops like rice and plant peanut crops for utilizing unused spaces between the rice paddy fields. The growth in peanut production, imports, as well as consumption of the same, are highly anticipated to influence the market for peanut butter in Indonesia in the coming years.

Indonesia Peanut Butter Market Key Developments:

• Companies like Hormel Foods, LLC, PT Kaldu Sari Nabati, and Dima Indonesia are some of the key players in the nation.  Further, Hormel Foods (Producer of Skippy peanut butter) is on the verge of taking CVC capital partners' minority stake in Indonesia’s GarudaFood Putra Putri Jaya.
• In august 2020, Skippy peanut butter launched a new mess-free peanut butter squeeze packaging, specifically designed for portability.

Indonesia Peanut Butter Market Scope:

Indonesia Peanut Butter Market Segmentation:

• By Type
  • Processed Peanut Butter
  • Natural Peanut Butter
• By Product
  • Chunky Peanut Butter
  • Creamy Peanut Butter
• By Packaging Type
  • Jars
  • Pouches
• By End-User
  • Foodservice
  • Residential
• By Distribution Channel
  • Online
  • Offline
    • Hypermarkets
    • Convenience Stores
    • Others

Table Of Contents

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. INDONESIA PEANUT BUTTER MARKET, BY TYPE

5.1. Introduction

5.2. Processed Peanut Butter

5.3. Natural Peanut Butter

6. INDONESIA PEANUT BUTTER MARKET, BY PRODUCT

6.1. Introduction

6.2. Chunky Peanut Butter

6.3. Creamy Peanut Butter 

7. INDONESIA PEANUT BUTTER MARKET, by PACKAGING TYPE

7.1. Introduction

7.2. Jars

7.3. Pouches

8. INDONESIA PEANUT BUTTER MARKET, BY END-USER

8.1. Introduction

8.2. Foodservice

8.3. Residential

9. INDONESIA PEANUT BUTTER MARKET, BY DISTRIBUTION CHANNEL

9.1. Introduction

9.2. Online

9.3. Offline

9.3.1. Hypermarkets

9.3.2. Convenience Stores

9.3.3. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. COMPANY PROFILES

11.1. Hormel Foods, LLC

11.2. PT Kaldu Sari Nabati

11.3. Bali Direct

11.4. Bali Buda

11.5. Dale's Farm - PT. David Roy Indonesia

11.6. PT. Dima Indonesia

11.7. PT Kraft Ultrajaya Indonesia

Companies Profiled

Hormel Foods, LLC

PT Kaldu Sari Nabati

Bali Direct

Bali Buda

Dale's Farm - PT. David Roy Indonesia

PT. Dima Indonesia

PT Kraft Ultrajaya Indonesia

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