What is Peanut Meal Market?
Peanut meal is the by product which is obtained from peanut seeds by extracting the oil. This ingredient is rich in protein and used to feed all livestock. As it contains high protein, low fiber, high oil and absence of anti-nutritional factors, it is an excellent feed ingredient. Peanut meal is produced by mechanical extraction or solvent extraction. Also, it is sold in pallet form. After soybean meal, rapeseed meal, sunflower meal, cottonseed meal and palm kernel meal, peanut meal is the sixth most common oil produced across the globe. This factor along with nutritional value is fueling the market growth.
The market study is being classified by Type (Primary Meal and Secondary Meal), by Application (Feed, Sauce, Protein Beverage, Fermented Foods and Enriched Food) and major geographies with country level break-up.
ADM (United States), Bunge (United States), Cargill (United States), Louis Dreyfus (Netherlands), Wilmar International (Singapore), Corbion (Netherlands), Nabaq Ltd (Sudan), Fertrell (United States), UK bait company (United Kingdom) and Golden peanut (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Peanut Meal market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Peanut Meal market by Type, Application and Region.
On the basis of geography, the market of Peanut Meal 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Nutritional Value of Peanut Meal is Fueling the Market
- Increase in Industrial Livestock Production
Market Trend
- Inclination of Consumers towards Meat and Dairy Products
Restraints
- Availability of Other Livestock Feed
Opportunities
- Consumption of Feed in Large Volumes is Boosting the Market
- Increasing Consumption of Meat Coupled which is fueled by Health Conscious People
Challenges
- Stiff Competition among the Major Players
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others