Commercial development of peanut butter began in 1920 with Peter Pan, later followed by Skippy in 1933 and Jif in 1958
Ever wondered why Americans are so fixated on peanut butter?
The answer lies in a fascinating journey of taste, innovation, and market dominance, turning a simple spread into a $2 billion industry that captures the nation’s culinary heart.
You’ve likely faced the classic dilemma – creamy or crunchy?
Yet, the allure of peanut butter goes beyond this choice, delving into centuries of development and technological breakthroughs.
This ubiquitous spread, cherished for its unique taste, affordability, and versatility, has become more than just a condiment. It’s a snack, a sandwich essential, and a delightful addition to desserts.
The story begins in the early 1900s when technology, particularly hydrogenation, made it possible to transport peanut butter. Little did we know, southern US farmers were already grinding peanuts into a paste in the 1800s, laying the foundation for what would become a nationwide obsession.
In 1920, Peter Pan stepped onto the stage, commercially introducing peanut butter. Utilising a patent from Skippy’s creator, Joseph Rosefield, Peter Pan’s use of hydrogenation marked a turning point, revolutionising how Americans consume this savory delight. Skippy and Jif followed suit in 1933 and 1958, with Jif currently reigning as the market leader, claiming a remarkable 39.4% share.
With a staggering 90% household penetration rate, peanut butter stands shoulder to shoulder with breakfast cereal and sandwich bread. The top three brands – Jif, Skippy, and Peter Pan – command two-thirds of the market share, solidifying peanut butter’s status as a kitchen essential.
But here’s where it gets intriguing. J.M. Smucker Co.’s Uncrustables, frozen pre-made PB&J sandwiches, emerged as a driving force, propelling sales from $126 million to over $600 million in the past decade. Despite challenges like allergies and a 2022 salmonella outbreak, peanut butter perseveres.
Companies like Smucker’s and Hormel Foods focus on innovation, expanding product lines, and venturing into international markets to keep the craze alive.