Peanut Butter

Nigeria

(Core country: data based on in-depth analysis)

Highlights
Market definition
in-scope / out-of-scope
Reports special
  • Revenue in the Peanut Butter segment amounts to US$129m in 2019. The market is expected to grow annually by 14.1% (CAGR 2019-2023).
  • In global comparison, most revenue is generated in United States (US$1,989m in 2019).
  • In relation to total population figures, per person revenues of US$0.6 are generated in 2019.
  • The average per capita consumption stands at 0.2 kg in 2019.
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Peanut Butter refers to pastes made from peanuts, either smooth or crunchy. It is a staple product in food cupboards in the US and is commonly found as an ingredient for Dutch/Indonesian cooking. It is growing in popularity in other European countries.
in-scope
  • Peanut Butter
out-of-scope
  • Other peanut products
Food Report 2019 - Breakfast Products

Food Report 2019 - Breakfast Products

Statista Consumer Market Outlook - Segment Report
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Revenue (2019)
+17.5% yoy
US$129m
Average Revenue per Capita (2019)
+14.5% yoy
US$0.64

Revenue Revenue Growth

in the Peanut Butter market in million US$ in percent

Reading Support Revenue in the Peanut Butter segment amounts to US$129m in 2019. Reading Support The Peanut Butter segment is expected to show a revenue growth of 16.2% in 2020.

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  • Revenue
  • Revenue Growth
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Revenue:

The “Revenue” box shows the forecasted revenue development of the selected market (market segment, region) in million US dollars for each year.


Revenue Growth:

The “Revenue Growth” box shows the year-over-year revenue development of the selected market (market segment, region) in percentage terms.

A definition and detailed explanation of the displayed markets can be found here.
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Average Revenue per Capita

in the Peanut Butter market in US$

Reading Support The average revenue per person in the market for Peanut Butter amounts to US$0.6 in 2019.

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Average Revenue per Capita:

The "Average Revenue per Capita" box shows the average market value of the selected market (market segment, region) per person in US dollars for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Volume Volume Growth

in the Peanut Butter market in million kilograms in percent

Reading Support In the market for Peanut Butter, volume is expected to amount to 41.4 mkg by 2023. Reading Support The market for Peanut Butter is expected to show a volume growth of 5.8% in 2020.

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  • Volume
  • Volume Growth
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Volume:

The “Volume” box shows the apparent consumption of the selected product (market segment, region) in millions for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Average Volume per Capita

in the Peanut Butter market in kilograms

Reading Support The average volume per person in the market for Peanut Butter amounts to 0.2 kg in 2019.

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Average Volume per Capita:

The "Average Volume per Capita" box shows the average volume of the selected market (market segment, region) per person for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Price per Unit

in the Peanut Butter market in US$

Reading Support The average price per unit in the market for Peanut Butter amounts to US$3.79 in 2019.

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Price per Unit:

The "Price per Unit" box shows the average retail value per unit in the selected market (market segment, region) in US dollars for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Global Comparison - Revenue

in the Peanut Butter market in million US$

Reading Support With a market volume of US$1,989m in 2019, most revenue is generated in United States.

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Global Comparison – Revenue:

The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year.

A definition and detailed explanation of the displayed markets can be found here.
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Key Market Indicators

The following Key Market Indicators give an overview of the demographic, economic and technological development of the selected region on the basis of general KPIs. The calculation of Statista’s Market Outlook is based on a complex market-driver logic including over 400 region-specific data sets.

201520162017201820192020202120222023 CAGR
(2015-2023)
Population in m
Number of individuals (all ages) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
0-4 years in m
Number of individuals (age 0-4) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
5-9 years in m
Number of individuals (age 5-9) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
10-14 years in m
Number of individuals (age 10-14) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
15-19 years in m
Number of individuals (age 15-19) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
20-24 years in m
Number of individuals (age 20-24) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
25-29 years in m
Number of individuals (age 25-29) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
30-34 years in m
Number of individuals (age 30-34) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
35-39 years in m
Number of individuals (age 35-39) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
40-44 years in m
Number of individuals (age 40-44) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x xx.x xx.x
45-49 years in m
Number of individuals (age 45-49) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
50-54 years in m
Number of individuals (age 50-54) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
55-59 years in m
Number of individuals (age 55-59) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
60-64 years in m
Number of individuals (age 60-64) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
65-69 years in m
Number of individuals (age 65-69) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
70-74 years in m
Number of individuals (age 70-74) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
75-79 years in m
Number of individuals (age 75-79) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
80-84 years in m
Number of individuals (age 80-84) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
85-89 years in m
Number of individuals (age 85-89) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
90-94 years in m
Number of individuals (age 90-9) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
95-99 years in m
Number of individuals (age 95-99) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
100+ years in m
Number of individuals (age 100+) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: UN
x.x x.x x.x x.x x.x x.x x.x x.x x.x
Business cycle
Click arrow to expand
Unemployment rate in %
The indicator shows the share of unemployed people in the selected region, defined as persons without work that seek employment, as a percentage of the total labor force. The data is based on national estimates. The definitions of labor force and unemployment differ by country. | Source: IMF
x.x xx.x xx.x
Consumer spending (current) in US$
Average consumer spending per capita of private households in the selected region (in current prices, constant exchange rate) | Source: Statista
x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx
Foodstuffs, beverages in US$
Consumer spending per capita for food and non-alcoholic beverages (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. It covers all private household spendings meant for consumption at home. In contrast, the Food market in the Consumer Market Outlook covers only certain segments of processed food and excludes for example fresh food, oils and fats and some other items. The markets for Alcoholic, Non-Alcoholic and Hot Drinks in turn not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés) that are valued at wholesale prices. | Source: Statista
xxx xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx
Alcohol, tobacco in US$
Consumer spending per capita for alcoholic beverages, tobacco and narcotics (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. It covers all private household spendings meant for consumption at home. The market for Alcoholic, Non-Alcoholic and Hot Drinks not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés) that are valued at wholesale prices. | Source: Statista
xx xx xx xx xx xx xx xx xx
Clothing, footwear in US$
Consumer spending per capita for clothing and footwear (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). Included are both consumption of goods as well as services (cleaning and cobblers). | Source: Statista
xx xx xxx xxx xxx xxx xxx xxx xxx
Housing in US$
Consumer spending per capita for housing, water, electricity, gas and other fuels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista
xxx xxx xxx xxx xxx xxx xxx xxx xxx
Household in US$
Consumer spending per capita for furnishings, household equipment and routine maintenance of the house (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista
xx xx xxx xxx xxx xxx xxx xxx xxx
Health in US$
Consumer spending per capita for health (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista
xx xx xx xx xx xx xx xx xx
Transport in US$
Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. | Source: Statista
xx xx xx xx xx xxx xxx xxx xxx
Communication in US$
Consumer spending per capita for communication (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista
x x x x x x x x x
Recreation, culture in US$
Consumer spending per capita for recreation and culture (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista
xx xx xx xx xx xx xx xx xx
Education in US$
Consumer spending per capita for education (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista
xx xx xx xx xx xx xx xx xx
Restaurants, hotels in US$
Consumer spending per capita for restaurants and hotels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista
x x xx xx xx xx xx xx xx
Other in US$
Consumer spending per capita for miscellaneous goods and services (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. | Source: Statista
xx xx xx xx xx xx xx xx xx
Consumer price index (CPI)
Consumer price index (CPI) for a weighted basket of goods and services. The weights of the components vary by country according to local consumption patterns. The base year (100) has been set to 2017 for all countries, the base year of the input data may vary. | Source: IMF, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Foodstuffs, beverages
Consumer price index for food and non-alcoholic beverages. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Alcohol, tobacco
Consumer price index for alcoholic beverages, tobacco and narcotics. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Clothing, footwear
Consumer price index for clothing and footwear. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Housing
Consumer price index for housing, water, electricity, gas and other fuels. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Household
Consumer price index for furnishings, household equipment and routine maintenance of the house. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Health
Consumer price index for health. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Transport
Consumer price index for transport (purchase of vehicles, maintenenace of vehicles and transport services). Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Communication
Consumer price index for communication. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Recreation, culture
Consumer price index for recreation and culture. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Education
Consumer price index for education. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Restaurants, hotels
Consumer price index for restaurants and hotels. Gaps filled with next higher COICOP position | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Other
Consumer price index for miscellaneous goods and services. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. Gaps filled with next higher COICOP position. | Source: IMF, national statististical offices, Statista
xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Price level (U.S.=100)
Estimated price level index for all goods and services for individual private consumption (U.S.=100). Data has been extrapolated from the latest iteration of the World Bank's International Comparison Program (2011) using inflation data. The timeline has been stabilised for currency effects by using the average exchange rate for 2017. Numbers above 100 signal that prices are on average higher in this region than in the U.S., numbers below would mean prices in this region are on average lower than in the U.S.. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Foodstuffs, beverages
Estimated price level index for food and non-alcoholic beverages (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xxx.x xxx.x xxx.x xxx.x xxx.x
Alcohol, tobacco
Estimated price level index for alcoholic beverages, tobacco and narcotics (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Clothing, footwear
Estimated price level index for clothing and footwear (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Housing
Estimated price level index for housing, water, electricity, gas and other fuels (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Household
Estimated price level index for furnishings, household equipment and routine maintenance of the house (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Health
Estimated price level index for health (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Transport
Estimated price level index for transport (U.S.=100). This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Communication
Estimated price level index for communication (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Recreation, culture
Estimated price level index for recreation and culture (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Education
Estimated price level index for education (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Restaurants, hotels
Estimated price level index for restaurants and hotels (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Other
Estimated price level index for other goods and services (U.S.=100). These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
Health
Click arrow to expand
Male smoking rate in %
Share of men in the selected region (15+ years) who smoke at least occasionally | Source: World Bank, World Health Organization, Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x x.x x.x
Female smoking rate in %
Share of women in the selected region (15+ years) who smoke at least occasionally | Source: World Bank, World Health Organization, Statista
x.x x.x x.x x.x x.x x.x x.x x.x x.x
International trade
Click arrow to expand
Current account balance (% of GDP) in %
The current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Here it is shown as a percentage of total gross domestic product (GDP). | Source: World Bank, IMF, OECD, Statista
-x.x x.x x.x x.x x.x x.x x.x x.x x.x
Households in m
Total number of households in the selected region. | Source: Statista
xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x xx.x
GDP (current) in US$
Gross domestic product (in current prices, constant exchange rate) of the selected region per capita | Source: IMF
x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx x,xxx
Exchange rate (1 LCU in USD)
The average exchange rate of 1 unit of local currency (local currency unit: LCU) in the respective year for US-Dollar | Source: IMF
x.xxx x.xxx x.xxx x.xxx x.xxx x.xxx x.xxx x.xxx x.xxx
Source: Statista, May 2019
Source: Statista, May 2019, based on IMF, World Bank, UN and Eurostat