Peanuts Market to Reach USD 105.47 Billion by 2030: Rising Demand for Healthy Snacks and Nut-Based Products Fueling Steady Growth

The global peanuts market is projected to grow from USD 92.77 billion in 2025 to USD 105.47 billion by 2030, recording a compound annual growth rate (CAGR) of 2.6% during the forecast period. This growth is being driven by rising demand for healthy snacks, protein-rich food products, and a growing preference for plant-based diets across regions.

Peanuts are more than just a popular snack they are a versatile food crop that plays a central role in global food systems. Their nutrient profile, which includes essential proteins, healthy fats, and fiber, makes them a favorite among both health-conscious consumers and food manufacturers. From whole roasted nuts to peanut butter and peanut oil, the diverse applications of peanuts have secured their relevance in a wide array of culinary and commercial products.

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Key Trends Driving the Peanuts Market

1. Shift Toward Protein-Rich and Nut-Based Foods

As more consumers shift toward healthier eating patterns, the role of peanuts as a reliable source of plant-based protein is expanding. The increasing interest in reducing meat consumption, combined with the popularity of vegetarian and flexitarian diets, has created strong demand for peanut-based products, especially in Western markets. Peanut butter, nut-based bars, and ready-to-eat snacks have become household staples for consumers seeking convenience without sacrificing nutrition.

2. Growth in Peanut Product Innovation

Brands are continuously developing new peanut-based offerings to cater to evolving tastes and dietary preferences. For example, in 2022, GOOD GOOD launched a low-sugar peanut butter spread across major global markets including the US, Canada, UK, and Europe. This type of innovation reflects the growing interest in functional foods-those offering health benefits beyond basic nutrition.

3. Expanding Use of Peanut By-Products

Beyond snack consumption, peanuts are extensively used to produce oil, meal, and confectionery products. Approximately 60% of peanuts globally are used for peanut butter production, while another 15% are processed into oil. Peanut oil is not only used in cooking but also finds application in personal care and pharmaceutical products, further expanding market potential.

4. Impact of Weather on Production and Supply Chain

While demand continues to grow, the industry faces supply challenges from weather disruptions and crop diseases. Countries like India, the United States, and Senegal have experienced fluctuations in peanut yields due to delayed rains or droughts. These factors affect production consistency and price stability, creating uncertainty for producers and exporters alike.

Peanuts Market Segmentation: Diverse Uses and Regional Contributions

The peanuts market is segmented by application, product type, and geography. Key segments include:

By Application:

- Direct consumption (roasted peanuts, snacks)
- Peanut butter
- Peanut oil
- Confectionery (candies, bars)
- Animal feed (residue from oil production)

By Product Type:

- Runner
- Virginia
- Spanish
- Valencia

Each variety serves different culinary and industrial uses. For example, runner peanuts dominate peanut butter production, while Virginia peanuts are preferred for gourmet snacks due to their large size and crunch.

By Geography:

- Asia-Pacific: Largest producer and consumer, led by China and India
- North America: Strong demand for peanut butter and snack products
- Africa and South America: Increasing production capacity and export potential
- Europe: Growing interest in healthy snacks, particularly among younger consumers

Asia-Pacific leads the global market, benefiting from favorable climate conditions and strong domestic demand. China alone produced 18 million metric tons of peanuts in 2020, mainly in provinces like Henan and Shandong. India and Nigeria also contribute significantly to global supply.

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Key Players Shaping the Peanuts Market

The global peanuts market is supported by a mix of large-scale producers, regional exporters, and food processing companies. Countries like China, India, Nigeria, the United States, and Argentina are leading producers, thanks to their expansive farming capacities and well-established supply chains.

In China, Henan province leads with a production volume of nearly 6 million metric tons as of 2022. The country also exports a substantial portion of its harvest, particularly to Southeast Asia and Europe. India follows closely, with strong domestic consumption and increasing per capita intake, which reached 4.26 kg in 2020.

In the United States, the peanut crop is dominated by the runner variety, which makes up 80% of production. The Southeast region is a hub for cultivation, while brands capitalize on consistent quality and consumer trust to produce peanut butter and related products for both domestic use and export.

Meanwhile, companies such as GOOD and other food innovators are leveraging the health appeal of peanuts to develop new product lines that resonate with younger, health-conscious consumers. With growing demand from international markets and the popularity of value-added products, these players are key contributors to the market's upward trajectory.

Conclusion: A Stable and Expanding Market Ahead

The peanuts market is on a steady growth path, backed by increased global consumption and the expanding application of peanuts in various industries. As dietary habits shift toward healthier, protein-rich foods, peanuts continue to offer a reliable, affordable, and nutrient-dense option. Asia-Pacific remains at the forefront of both production and consumption, while North America and Europe show robust demand for peanut-based snacks and spreads.

Despite challenges related to weather and crop stability, the long-term outlook for the peanuts market remains positive. The rise of convenience eating, coupled with consumer awareness around health and nutrition, ensures that peanuts will continue to hold a vital place in the global food economy through 2030 and beyond.

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