About Peanuts
In terms of peanuts production, China ranks first in the world followed by India, Nigeria, and the United States. Meanwhile, China is also the largest consumer of peanuts with Nigeria being the world's third-largest producer, after China and India. But most of the peanuts in these three countries are supplied for the domestic market. According to the study, more than 44 million metric tonnes of peanuts are produced worldwide per year wherein, the countries such as China and India account for more than 50% of the world's total production, followed by Nigeria and the United States. The global peanuts market is expected to witness healthy growth during the forecast period, according to the study.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
The vendors in this market are majorly focusing on catering to the growing market's demands in order to remain competitive in their respective regional markets. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Peanuts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Golden Peanut Company Llc (United States), Olam International Ltd. (Singapore), Diamond Foods, Inc. (United States), Mariani Nut Company Inc. (United States), Blue Diamond Growers (United States), Select Harvests Ltd. (Australia), Waterford Nut Co. Inc. (United States), Archer Daniels Midland Company (United States), Tree Nuts International (India), Lone Tree Nut Company, Inc. (United States), H.B.S. Foods Ltd. (United Kingdom), Sun Valley Nut, LLC (United States), RIZHAO YATAI FOODSTUFFS CO LTD (China), QINGDAO SINONUT INTERNATIONAL LTD (China), Junan Jinguo Cereals & Oils Foodstuff Co., Ltd. (China), Ruparel Foods Pvt. Ltd. (India), Vishwa Commodities (India), SHREEJI PROTEIN (India), Ramniklal Jamnadas & Sons (India) and Norbrent Co. Nig.Ltd (Nigeria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ellbrown Inpex Ltd (Nigeria), Carl Commodities Nigeria Limited (Nigeria), Global Captains Ltd (Nigeria) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Peanuts market by Type (Runners, Spanish, Virginia and Valencia), Application (Direct Consumption, Bakery & Confectionery, Breakfast Cereals & Snacks, Butter & Spreads, Dairy Products and Others) and Region.
On the basis of geography, the market of Peanuts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Adoption of Online Sales Channel
Market Growth Drivers:
Increasing Production & Consumption of Peanuts Across the World and Rising Health COnsciusness Among Consumers
Challenges:
Challenges in the Peanuts Processing Industry and Disrupted SUpply Chain DUring the FY 2020 Due to COVID-19 Pandemic
Restraints:
High Price of the Product
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In January 2023, WOW Life Science launched India’s first peanut butter infused with superfoods. These are 100 per cent natural, have no added sugar, palm oil, preservatives, or emulsifiers.
In August 2022, GOOD GOOD Brand Launched New Peanut Butter Spread. the peanut butter is 99% sugar free, and free from added sugar. The company says that by sourcing its peanuts from North America (U.S. specifically) enables a lower carb count.
Analyst View
From a global perspective, the overall upward trend of peanut production in the past four years (2012-2016) global peanut production increased from 41311 K tons to 45032 K tons. Currently, China, India, and Nigeria are the world's three major peanut-producing countries. The planting area and output have maintained a leading position. In addition, in the United States and Argentina as traditional peanut-producing countries, peanut output has increased greatly. Argentina is the only top-four peanut one not having a relevant domestic market. About 70% of its production is for export. Now it has exceeded the other rivals to be the largest exporter. Peanuts are a high nutritional value of protein in plants. With the US, Europe, Japan, and other countries off eating peanuts and other nuts food diet trend, consumption of peanut and its products increased year after year. Thus increasing future demand for peanuts, production, and supply is bound to continue to grow. With the enhancement of economic globalization and international trade activities, China's peanut exports face more intense international competition, so the world's major exporters of peanuts, peanut industry's international competitiveness were analyzed and compared, peanut export States shall take appropriate measures, expand exports and increase export efficiency. Peanuts contribute approximately 1.2% to the gross value of field crops. Peanuts can be consumed in an unprocessed state, but they also serve in the economy as raw materials for the manufacturing of various products. The production of peanuts is highly affected by the costs of production inputs as well as the demand for peanuts.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.