Market Synopsis

Peanuts Market Information By Form, Application, Distribution Channel, And Region — Forecast till 2030"; the market will reach USD 107.4 Billion by 2030 at a 2.45% CAGR.

Oval-shaped nuts, known as peanuts, are readily available on the market in the shape of pulses and seeds. The food and beverage business uses peanuts as oil, flour, appetizers, and nutty spread. Potentially harvested peanuts are used to make spreads and peanut oil and are commonly used in culinary applications. Due to its numerous health benefits, it serves as a rich source of dietary proteins and polyunsaturated fats and finds extensive use in the culinary industry. Many food products contain peanuts, which are a significant food crop. 

They are a valuable source of vital nutrients, including oil and protein. They aid in maintaining a balanced diet and consuming many protein-rich foods. Due to the increase in popularity of groundnut oil and nutty spread during the past few decades, the global peanut market has experienced a notable boom. The regular intake of peanuts can benefit well-being, according to studies in nutrition.

According to studies, eating peanuts in small amounts can reduce your risk of developing diabetes, heart disease, and cancer. Additionally, as people consume peanuts as a whole nut snack, a constituent of confections and sauces to go with other dishes, peanut butter, and peanut oil, the demand for peanuts is rising along with the need for ready meals like snacks. Polyunsaturated fatty acids and other nutrients like potassium, zinc, iron, and others are abundant in peanuts. They, therefore, have several uses in the food business. Additionally, the by-products made from peanuts are used in industry as an ingredient in things like paint, varnish, lubricating oil, and animal feed. The market for peanut ingredients grows due to these variables taken together.

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The essential companies in the peanuts market are:

Olam International (Singapore),Archer Daniels Midland (U.S.),Kraft Foods Inc. (U.S.),Hampton Farms Inc (U.S.),Star Snacks Co. LLC (U.S.),Virginia Diner (U.S.),Diamond Foods, Inc. (U.S.)

Browse In-depth Market Research Report (110 Pages) on Peanuts:

Market Segmentation

By application, the market includes bakery and confectionery, peanut butter and spreads, peanut bars, dairy products, oil production, and direct consumption/culinary purpose. By form, the market includes raw, roasted, powder, and blanched. By distribution channel, the market includes hypermarkets and supermarkets, convenience stores, specialty stores, and e-commerce.

Regional Insights

The most significant market share belongs to the Asia-Pacific area, with North America coming in second. Due to the acceptance of a healthy diet consisting of Mexican market burnt peanuts and an increase in changing lifestyles, these regions hold most of the market share. The consumption of peanut components in chocolate and cookies has increased due to the region’s growing working and millennial populations. The regional market for peanut ingredients has been pushed by factors such as the rising demand for plant-based foods and changing lifestyles. The market for peanut ingredients is expanding significantly in North America due to the growing habit of consumers snacking between meals. Their preferences have changed to include more plant-based foods due to the region’s growing vegan population.

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Eating peanut components in the United States and Canada in candy, cookies, and peanut butter is considered comfort food. Convenience foods have become more popular among consumers due to their hectic lifestyles, helping the regional market to flourish. Due to the increased consumption of peanuts and products generated, Europe is predicted to experience significant growth in the future. The majority of nuts consumed in Europe are peanuts and peanut butter. 

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