5 Reasons Peanut Butter Ventures Are Succeeding
All successful have one thing in common - they identify and fulfill a demand through well-curated quality products and carve a niche for themselves in the market. They could either do this by setting up a manufacturing unit themselves or by using a third-party vendor to fulfill the demand through their supply. The most successful peanut butter brands have mastered this art - either by setting up their own venture from scratch or by using a third-party Peanut Butter Manufacturer where costs are low, operations are functional and quality is optimal. THE NEED FOR PEANUT BUTTER IS INCREASING After the pandemic, peanut butter brands recorded an increase in the demand for peanut butter. The ease of usage along with the nutritional benefits makes it a much sought-after jar of goodness. As per a report, the global peanut butter market size was valued at USD 5.70 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2028. Given the statistics, t