Global Peanuts Market - Industry Dynamics, Size, And Opportunity Forecast To 2030

The Peanuts Market is experiencing robust expansion, with market size projected to increase from (90.6 Billion) 2024 to (109.30 Billion) 2030, demonstrating a consistent year-over-year growth rate of 4.22%. Peanuts Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Multi-grain type, Waspish type, Ordinary, Pearl bean type), by Applications (Oil, Food, Seed) And Regions (North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2030

The peanuts market includes the world trade and production of peanuts (or groundnuts). There are also diverse types of peanuts on this market, ranging from freshly roasted peanuts to processed goods such as peanut butter, peanut oil, or peanut flour. Peanuts are an important crop of agriculture, grown in many countries around the globe. The peanut market is driven by global demand and supply, weather events that condition crop yields, what consumers want to eat, and governmental regulations of agriculture and trade.

Peanuts Report Highlights

Report Metrics	Details
Forecast period	2019-2030
Base Year Of Estimation	2024
Growth Rate	CAGR of 4.22%
Forecast Value (2030)	USD 109.30 Billion
By Product Type	Multi-grain type, Waspish type, Ordinary, Pearl bean type
Key Market Players	Styro Insulations Mat. Ind. LLC. AP Packaging Corp Test Valley Packaging President Container Inc. Johnpac LLC Pioneer Packaging Supply One Inc. Eco Packaging Solutions Polar Tech Industries Puffy Stuff Inc. Storopack Hans Reichenecker Gmbh Willard Packaging Company Nefab Group
By Region	North America(United States, Canada, Mexico) South America(Brazil, Argentina, Chile, Rest of South America) Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe) Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific) MEA(Middle East, Africa)

Peanuts Market Trends

The peanuts market is witnessing several key trends. There is a need for value-enhanced peanut food items, including flavoured nuts, nut butters, and protein bars. At the same time, consumers are also searching for peanuts that are organic and sustainably produced. On the other hand, the market is also witnessing an increase in the application of peanuts in plant-based food products because of the increased popularity of veganism and vegetarianism. In addition, peanut processing and packaging technologies are evolving, leading to increased productivity and higher quality products. The market is also witnessing increased focus on traceability and transparency in the peanut supply chain, with consumers demanding information about the origin and sustainability of the products they consume.

Peanuts Market Leading Players

The key players profiled in the report are Styro Insulations Mat. Ind. LLC., Test Valley Packaging, Johnpac LLC, Supply One Inc., Pioneer Packaging, Eco Packaging Solutions, President Container Inc., AP Packaging Corp, Puffy Stuff Inc., Storopack Hans Reichenecker Gmbh, Willard Packaging Company, Polar Tech Industries, Nefab Group

Growth Accelerators

The peanut market is typically subdivided based on the product type, and the raw peanuts and processed peanuts are the most prevalent subgroups. The main purpose of raw peanuts is for agricultural and food purposes, selling the peanuts in bulk for consumption or further processing into different kinds of products such as peanut butter or oil. Raw peanuts are also one of the other main parts of snack market, including salted and roasted peanuts. The processed peanut slice comprises formulations that contain products reporting peanut butter, peanut oil, peanut flour and vegetables, along with others snack, peanut bars and peanut snacks. Peanut butter still remains one of the most relevant products in this category, with an increased demand due to product popularity in nutritionally-focused diets, as well as its use as an ingredient in many recipes. Peanut oil, widely used in cooking owing to its high smoke point and nutritional content, is also a key ingredient in processed food.

Peanuts Market Segmentation analysis

The Global Peanuts is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed Multi-grain type, Waspish type, Ordinary, Pearl bean type . The Application segment categorizes the market based on its usage such as Oil, Food, Seed. Geographically, the market is assessed across key Regions like North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The peanut market is very competitive with multiple different actors in the different stages of farming, processing, and distribution. The peanut production chain is led by major peanut-producing countries (China, India, United States, and Argentina), and major companies are emphasizing efficiency in production and expanding supply to satisfy the ever-increasing demand. Major market players are giant agricultural firms and food manufacturers (Olam Group, Archer Daniels Midland Company (ADM), and Cargill) that have the capacity to provide a constant flow of products thanks to extremely well-developed supply chains. Moreover, local and regional players input the market through the provision of niche products such as organic peanuts, peanut butter and peanut oil to niche consumer groups.

Challenges In Peanuts Market

The peanuts market presents several promising opportunities. The stronger need to consume plant-based proteins and healthy snacks stems from higher consumption of nuts, particularly peanuts. In addition, the growing popularity of PB as a multifunctional food ingredient in various foods (baking, confectionery) is expected to promote market growth. From a geographical standpoint, the future years' growth opportunities in Asia-Pacific, Africa, and Latin America are immense due to the rise of disposable income, change in dietary habits, and the growing population. Peanuts are also being incorporated into local eating habits in these regions as a major source of food. Furthermore, advances in peanut-based products (like gluten-free and organic peanuts) are aligning with the demand for healthier and speciality foods. In addition to the novel entry of peanut-based protein food products for plant-based foods, the rising consumption of peanut oil in the cosmetics industry is a new market opening for market participants.

Risks & Prospects in Peanuts Market

The peanuts market presents several promising opportunities. The higher needs for plant-based proteins and wholesome snacks are due to an increased consumption of peanuts and peanut products. Also, the increasing popularity of peanut butter as a multifunctional ingredient in different food products (baking and confectionery) is likely to contribute to market expansion. Geographically, the growth opportunities in Asia-Pacific, Africa, and Latin America in the next few years are enormous owing to increased disposable incomes, changes in food habits, and increasing populations. Peanuts are also finding their way into local diets in these areas, as a staple food. In addition, developments in peanut-derived products (e.g., gluten-free and organic peanuts) meet the needs for healthier and speciality foods. Not only the new emergence of peanut-based protein food products for the plant-based food market but also the increasing peanut oil consumption in the cosmetic market are new opportunities for market participants.

Key Target Audience

The peanuts market is mostly addressed to consumers in the food and beverage sector, in which peanuts are integrated in a large number of items like snacks, peanut paste, and confectionary, and also in food ingredients. Health-aware people are, however, another target audience, as peanuts are likely to be perceived as a source of protein, unsaturated fatty acid (healthy fat), and nutrients. With increasing demand for plant-based and gluten-free foods, peanuts have drawn even wider interest, especially among consumers seeking vegetarian protein foods and "healthier" snacks.

Merger and acquisition

Although recent mergers and acquisitions have been applied to the peanut market, there have been large strategic shifts, notably in the fields of food and allergy. A conspicuous transaction took place when Nestlé spun off its peanut allergy medication, Palforzia, to Stallergenes Greer after a relatively disinterested effort following its $2.1 billion purchase in 2020. By selling this drug, Nestlé is once again able to concentrate on the other health science strengths that Nestlé is best known for, whereas Stallergenes Greer, with this acquisition, can expand its portfolio to include respiratory and food allergy treatment options. This change will dramatically alter the landscape of management of peanut allergy. Furthermore, Mitsui Co. Agri Foods Ltd. obtained exclusive distribution rights for Wilco Peanut's products in Japan, strengthening its foothold in the expanding Asian market. The focus of this collaboration is to respond to the increasing consumption and growing interest for wholesome peanuts, as the U.S. is exporting a large amount of their shelled peanuts to Japan. The association between smallholders and industry is anticipated to maximize supply chain efficiencies and respond to regional demand trends, which demonstrates the growing global interest in peanuts as a healthy food. >

Analyst Comment

"The peanut market is currently showing consistent growth based on the increase of global consumption for both food products and snacks as well as oils. Peanuts are a versatile food commodity consumed in many forms, such as roasted, salted, peanut oil, peanut butter, etc., and are a vital component in both advanced and developing regions of the world. Still on the rise is the market because of consumer demand for healthy snack food and vegetarian or plant-derived protein. Furthermore, peanuts find application in confectionery, beverages, and animal feed, extending the market presence of peanuts to other areas."