Industry Background:
The Peanut, Also Known As The Groundnut, Goober (US), And Monkey Nut (UK), Is A Legume Crop Grown Mainly For Its Edible Seeds. It Is Widely Cultivated For Its High-Quality Edible Oil As Well As For Its Use for Human Consumption and Fodder. The Peanut Seed Industry Has Witnessed a Substantial Change in the Past Century, With Farmers Relying on Purchasing Seeds from Market with Better Traits rather Than Relying on Seeds from Previous Season’s Harvest. As Per The Food And Agriculture Organization (FAO) Of The United Nations Statistics, India, Till 1991 Was The Largest Producer Of Peanut In The World, But By 2011 China Overtook India And Now Holds The First Position. Nowadays, The Major Producers Of Peanuts Are China, India, The United States, Nigeria, Argentina, Indonesia, Senegal, And BrazilThis growth is primarily driven by Growing Demand For Nutritious Edible Products Made From Peanut Like Peanut Butter, Roasted Peanuts And Peanut Cookies For Meeting Consumption Requirements Of Globally Expanding Population and Developments In Seed Technology And The Introduction Of Genetically Modified Peanut Seeds Have Further Boosted The Peanut Seeds Market.
Globally, a noticeable market trend is evident Peanut Butter Powder With Prebiotics And Probiotics To Cater To The Growing Needs For Healthy Snacking. Major Vendors, such as Monsanto (United States), Corteva Agriscience (United States), Syngenta (China), Limagrain (France), East-West seeds (India), Bayer (Germany), Bejo Seeds Inc. (United States), Enza Zaden (Netherlands), Takii Seeds (Japan) and DLF (Denmark) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Syngenta announced ADEPIDYN, a new fungicide, for the protection of crops, which the company hopes to launch in Canada in 2021
Market Drivers
- Growing Demand For Nutritious Edible Products Made From Peanut Like Peanut Butter, Roasted Peanuts And Peanut Cookies For Meeting Consumption Requirements Of Globally Expanding Population
- Developments In Seed Technology And The Introduction Of Genetically Modified Peanut Seeds Have Further Boosted The Peanut Seeds Market
Market Trend
- Peanut Butter Powder With Prebiotics And Probiotics To Cater To The Growing Needs For Healthy Snacking
Restraints
- The Inability Of The Farmers In Developing Countries To Get The Advantages Of Using Quality Peanut Seeds Due To A Combination Of Factors, Including Inefficient Seed Production, Distribution, And Quality Assurance Systems, As Well As The Lack Of Good Peanut Seed Policies And Other Regulatory Instruments
Opportunities
Rise of Agribusinesses, Manufacturing Peanut-Based Products with the Increasing Usage of Genetically Modified Peanut Seeds and The emergence of Peanut Seeds Manufacturing Enterprises with the Expanding Peanut Seeds Market
Challenges
Increasing the Adoption Rate of High Yielding Peanut Seeds by Raising Awareness among Farmers Regarding the Merits of the New Generation Peanut Seeds and In Many Countries Of The Region, Seed Marketing Remains One Of The Weakest Links In The Seed Supply Chain, Thus Limiting Farmer Access To Good Quality Peanut Seeds
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Peanut Seed Study Sheds Light on
The Peanut Seed Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Peanut Seed industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Peanut Seed industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.