Press release
Peanuts Market is projected to grow at a CAGR of 2.67%, reaching USD 102.41 Bn by 2029
Overview of the Peanuts MarketPeanuts stand out as a nutritional powerhouse, offering beneficial fats, protein, and dietary fiber. Rich in essential nutrients such as potassium, phosphorous, magnesium, and B vitamins, peanuts provide a nutrient-dense profile with low carbohydrate content. The report, validated through primary and secondary research, outlines key drivers, opportunities, and segmentation insights for the Peanuts Market.
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Peanuts Market Regional Insights:
North America:
Steady growth driven by health-conscious consumer trends.
The United States significantly shapes the regional market with a notable Peanuts Market Share.
Rising demand for peanuts as a wholesome and minimally processed snack.
Asia Pacific:
Substantial growth due to rising population and increasing disposable incomes.
Significant contributors to market growth include China and India.
Peanuts are deeply ingrained in Asian culinary traditions.
Europe:
Nuanced growth influenced by changing consumer preferences and a focus on healthy snacking.
Increasing awareness of the nutritional benefits of peanuts.
Peanuts becoming an integral part of modern and convenience-oriented food products.
Peanuts Market Dynamics:
The increasing demand for nutrient-rich snacks and the surge in popularity of plant-based proteins drive the global peanuts market. Peanuts play a vital role in various food products globally, contributing to their widespread adoption in countries like Germany, China, Canada, and others. Recognized as an excellent source of plant-based protein, peanuts align with the growing global movement towards plant-centric diets.
Weather conditions and government policies impact peanut crops globally, influencing market prices and availability. The globalization of culinary trends and economic factors, such as rising disposable incomes, shape peanut consumption patterns. Ongoing research and innovation in the peanuts industry contribute to market growth by fostering the development of novel products and processing techniques.
The report highlights the increasing demand for healthy snacking and functional foods incorporating peanuts. Capitalizing on the on-the-go snacking trend in India, manufacturers can develop convenient and portable peanut snacks. Exploring functional foods that promote specific health benefits aligns with the health-conscious preferences of consumers in Germany, while in the United States, the emphasis on healthier snacking options presents an opportunity for the peanuts market.
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Peanuts Market Segmentation:
Type:
Runner peanuts: Known for uniformity and robust yields, prominent in peanut butter production.
Virginia peanuts: With a generous size and distinctive flavor, favored for direct consumption and gourmet snacks.
Spanish peanuts: Diminutive yet flavor-packed, ideal for peanut candies and snacks.
Valencia peanuts: Petite with natural sweetness, popular in peanut confectionery.
Form:
Raw peanuts: Versatile for various processed products, embodying natural goodness.
Roasted peanuts: Enhanced flavor for direct consumption and integration into snack products.
Coated peanuts: Indulgent and satisfying with diverse coatings like chocolate or sugar.
Blanched peanuts: Favored in specific culinary applications and peanut butter production.
Powder and others: Diverse processed forms, including extracts and specialty variations.
Application:
Culinary purpose
Bakery and confectionery
Peanut butter and spreads
Peanut bars
Dairy products
Oil production
Others
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Peanuts Market Key Players:
1. Olam International (Singapore)
2. Kraft Foods Inc. (United States)
3. Hampton Farms Inc (United States)
4. Star Snacks Co. LLC (United States)
5. Wilco Peanut Company (United States)
6. ADM - Archer Daniels Midland Company (United States)
7. Cargill, Incorporated (United States)
8. Adani Wilmar (India)
9. Hormel Foods, LLC (United States)
10. John B. Sanfilippo & Son, Inc. (United States)
11. Whitley's Peanut Factory (United States)
12. Frito-Lay North America, Inc. (PepsiCo) (United States)
13. The Peanut Shop of Williamsburg (United States)
14. Haldiram's India Pvt Ltd (India)
15. Margaret Holmes (United States)
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Table of content for the Peanuts Market includes:
1.Global Peanuts Market: Research Methodology
2.Global Peanuts Market: Executive Summary
• Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Peanuts Market: Competitive Analysis
• MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4.Company Profile: Key players
• Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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About Maximize Market Research:
Maximize Market Research is a multidisciplinary market research and consulting company staffed by professionals from various industries. Its coverage spans medical devices, pharmaceutical manufacturing, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automation systems. The company provides industry-verified market estimations, technical trend analysis, essential market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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