Why Americans Are Obsessed With Peanut Butter
CNBC CNBC
3.44M subscribers
435,441 views
0

 Published On Jul 11, 2023

Since its commercial success in the early 1900s, peanut butter has become a mainstay in American pantries. It is mainly due to its affordability, convenience and taste. Its per-capita consumption in the U.S. far surpasses that of other countries, though its popularity is rising in countries like Mexico, China and Canada. Three brands hold the majority market share: Jif, Skippy and Peter Pan, and total revenue for spreadable peanut butter surpassed $2 billion dollars in 2022. The J.M. Smucker Company, which owns Jif, the number one peanut butter seller, also has big plans for its frozen PB&J sandwiches, Uncrustables. Peanut butter holds a 90% household penetration rate in the U.S. and has built a permanent legacy in all its forms. The spread is likely not going away anytime soon and will only continue to grow as it reaches newer audiences domestically and abroad.

Chapters:
00:00 — Introduction
01:52 — Nuts for nut butter
04:14 — Battle of the brands
09:32 — Legacy

Produced, Shot and Edited by: Natalie Rice
Additional Camera: Charlotte Morabito
Animation: Christina Locopo, Alexander Wood, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: The National Archives holdings, The Library of Congress, The New York Public Library Digital Collections, The J.M Smucker Company, Getty Images
Additional Sourcing: Creamy and Crunchy: An Informal History of Peanut Butter, the All-American Food, Hormel Foods Co, The J.M Smucker Company, NIQ,, Hormel Foods Corp., The American Peanut Council

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

Why Americans Are Obsessed With Peanut Butter

show more

Share/Embed