Why Americans are obsessed with peanut butter
Publishing timestamp: 2023-07-14 13:02:49
Summary
The article discusses the history and growth of the peanut butter industry in the United States. It mentions the key brands in the market, such as Jif, Skippy, and Peter Pan, and their market shares. It also discusses the growth of Smucker's Uncrustables brand and the plans for future expansion. The article touches on the potential impact of peanut allergies on the market and the efforts of companies like Smucker's and Hormel Foods to innovate and expand internationally. It concludes by emphasizing the nostalgic and enduring appeal of peanut butter.
Sentiment: MIXED
Keywords: brand acquisitions, business, grocery shopping, inflation, breaking news: business, hormel foods corp, mergers and acquisitions, business news, stock markets, ceo, covid-19, pandemics, j m smucker co, retail industry, post holdings inc,
Source: https://www.cnbc.com/2023/07/14/why-americans-eat-so-much-peanut-butter.html