Peanut Butter Prices in the United States from 2020 to 2025

Key Points

  • Research suggests peanut butter prices in the US have varied from about $2.05 to $2.50 per pound from 2020 to 2025, based on available data and estimates.

  • Prices seem to have increased steadily, reflecting broader food price trends, with 2025 prices slightly higher than 2024.

  • The evidence leans toward regional and brand variations affecting prices, so these are approximate national averages.

Price Trends

The average retail price of peanut butter in the US has shown a gradual increase over the years. In 2020, it was around $2.05 per pound, rising to about $2.15 in 2021, $2.26 in 2022, $2.36 in 2023, and $2.48 in 2024. For 2025, based on early data, the price is estimated at approximately $2.50 per pound, though this is a partial year estimate and may adjust.

Data Sources and Methodology

These estimates are derived from the Consumer Price Index (CPI) for fats and oils, which includes peanut butter, as specific peanut butter price data from the Bureau of Labor Statistics (BLS) is limited post-2017. The 2024 price of $2.48 per pound was sourced from market reports, and historical prices were calculated using CPI ratios to estimate changes.

Contextual Factors

The steady increase in prices from 2020 to 2025 aligns with broader food price inflation trends, influenced by factors such as supply chain disruptions, changes in agricultural costs, and consumer demand. Reports indicated that peanut butter export prices and production levels also saw fluctuations, with a 5% increase in production in early 2023-2024, potentially affecting retail prices. The cultural significance of peanut butter in North America, particularly in the US and Canada, underscores its market stability, with consistent growth in revenue at a CAGR of 5.6% from 2022 to 2024, as per market.us Peanut Butter Statistics.

Unexpected Detail: Export Price Influence

An unexpected detail emerged regarding export prices, with August 2024 seeing an average export price of $3,282 per ton, significantly higher than retail prices, highlighting the impact of international trade on domestic pricing dynamics. This was noted in IndexBox Peanut Butter Price, suggesting that global demand and export markets could indirectly influence retail prices through supply chain effects.

Conclusion

This analysis provides a reasonable estimate of peanut butter prices from 2020 to 2025, acknowledging the limitations of using CPI data as a proxy and the partial year data for 2025. The prices reflect a gradual increase, consistent with inflation trends, and offer a national average that users can use as a benchmark, keeping in mind potential regional variations.





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