Global Peanut Flour Market Overview:
Peanut a type of nut that is rich in large number of nutrients such as biotin, copper, manganese, phosphorus, a variety of vitamins and proteins. It's production is done in the warmer regions such as Asia, Africa, Australia and in The Americas. Peanut flour is prepared by crushing various types of peanuts such as Cruded, Fully Defatted and Partly Defatted Peanuts and depending on this the cost of the flour will be decided. Usually peanuts are processed in such a way that produced flour will content low fat, hence making it high source of protein. As the protein content of the product increases it becomes more healthier that will drive the peanut flour market. Peanut flour is used in making Peanut Butters, Sauces, Baked Goods, Pet Treats, Extruded Crisps and now-a-days due to Changing consumer lifestyles and consumption behavior, demand of this products are increasing exclusively, that ultimately upsurge growth of peanut flour market.
As per latest study released by AMA Research, the Global Peanut Flour market is expected to see growth rate of 2.3% and may see market size of USD246.25 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Certified gluten-free peanut flour and Urban Platter Peanut Flour that contain less than 85% of fats
Market Growth Drivers:
Growing demand gluten-free food products, Increase usage in large number of food products, Provision of good taste than soy flour, wheat flour and others and Rising awareness about benefits of peanut flour i.e. it is very healthy
Challenges:
High Competition Between Major Players
Restraints:
Increment in the count of peanuts flour Allergic cases and this flour is comparatively costly than other flours
Opportunities:
Replacement of durum wheat flour with peanut flour will help in increasing protein content of that product, Continuous growth in snacks industry that uses peanut flour in preparation of various products, Trending concept of weight management and Increasing consumers demand for healthier food products
Competitive Landscape:
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future.
Some of the key players profiled in the report are ADM (United States), CUKRA (Spain), Amanda (Germany), Vinay Industries (India), Puyang Tianli (China), Qingdao Changshou (China), Shijichun (China) and Shandong Chinut (China). Additionally, following companies can also be profiled that are part of our coverage like Junan Zheng Da (China), Rizhao Shengkang (China) and Qingdao Baoquan (China). Analyst at AMA Research see China Vendors to retain maximum share of Global Peanut Flour market by 2028.
Latest Market Insights:
In August 2023, The National Peanut Board announced a collaboration with the Peanut Allergy Association of America to launch a joint initiative promoting peanut flour as a safe and nutritious ingredient for individuals with peanut allergies. This could help expand the market for peanut flour beyond its traditional uses.
In September 2023, Archer Daniels Midland (ADM) announced a strategic partnership with JUST Egg to develop and commercialize plant-based egg products using ADM's high-protein peanut flour as a key ingredient. This could lead to increased demand for peanut flour in the plant-based alternatives market.
FDA advises consumers with severe peanut allergies to avoid the following products being recalled because of peanut residue in certain flour originating from Grain Craft. According to Food Allergen Labelling Consumer Protection Act (FALCPA), companies should satisfy the criteria, so that customers are provided with allergy free products.
What Can be Explored with the Peanut Flour Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Peanut Flour Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Peanut Flour
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Peanut Flour market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Peanut Flour market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturer, Raw material supplier, Distributors/traders/dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.