Peanut Butter Demand Climbs on Protein Value Gains

Strong demand persists despite short-term price pressure.

NASHVILLE, TENN. (RFD NEWS) — Peanut butter demand is strengthening as consumers look for affordable protein options, helping support long-term peanut usage. USDA data shows peanut butter now accounts for more than 60 percent of all peanuts consumed for food in the United States.

According to an analysis by the USDA’s Economic Research Service, peanut butter consumption is running 6 percent above the 10-year average. At the same time, demand for other peanut products — including snacks and candy — has slipped below long-term averages.

Production has expanded to meet that demand, with U.S. peanut output reaching a record 6.5 billion pounds in the 2024/25 marketing year, up 25 percent from a decade earlier. That larger supply has supported growth in both domestic crush and exports.

Recent price data from USDA NASS shows farmer stock peanut prices averaging 20.3 cents per pound for the week ending April 11, down sharply from the prior week, while marketings also declined.

Farm-Level Takeaway: Strong demand persists despite short-term price pressure.
Tony St. James, RFD News Markets Specialist
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Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

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