Peanuts Market Size, Share, Trends, and Forecast to 2033 - Driven by Rising Demand for Plant-Based Protein and Sustainable Farming Practices

According to a new study by DataHorizzon Research, the "Peanuts Market" is projected to grow at a CAGR of 2.34% from 2025 to 2033, driven by the increasing demand for plant-based protein, rising health consciousness, and the expansion of peanut-based snacks and oils across global markets. The growing popularity of natural and sustainable food ingredients, coupled with the strong presence of peanut processing industries in emerging economies, is accelerating market growth. Moreover, the continuous innovation in peanut-based products such as peanut butter, protein bars, and non-dairy alternatives is expected to further stimulate demand in the forecast period.

Market Size & Insights

The global peanuts market is witnessing steady growth, fueled by expanding consumption across both developing and developed regions. The peanuts market was valued at USD 92.84 billion in 2024 and is projected to reach USD 114.33 billion by 2033, growing at a CAGR of 2.34% from 2025 to 2033, showcasing robust potential in food, confectionery, and industrial applications.

Peanuts, scientifically known as Arachis hypogaea, are widely recognized as a nutrient-rich legume high in protein, healthy fats, and vitamins. Increasing consumer awareness of their health benefits, such as cardiovascular support and reduced cholesterol levels, has boosted their popularity among health-conscious populations. The food and beverage industry remains the dominant sector for peanut utilization, especially in the production of peanut butter, confectioneries, and edible oils. Meanwhile, the cosmetics and pharmaceutical industries are integrating peanut-derived oils for use in skincare and wellness formulations.

Emerging economies in Asia-Pacific and Africa are becoming key producers and exporters of peanuts, benefiting from favorable climatic conditions and large-scale agricultural initiatives. This has resulted in a well-balanced supply chain, ensuring global availability and stable pricing trends.

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Important Points

• The global peanuts market is projected to grow at a CAGR of 6.8% from 2025 to 2033.
• Rising consumer inclination toward plant-based and protein-rich diets is driving market expansion.
• Asia-Pacific remains the largest producer and exporter of peanuts globally.
• Increasing innovation in peanut-based snacks and beverages is attracting millennial consumers.
• Peanuts are gaining traction as a sustainable crop, enhancing soil fertility through nitrogen fixation.
• The cosmetic and pharmaceutical sectors are utilizing peanut oil for natural formulation benefits.

Key Factors Driving the Future Growth of the Peanuts Market

• Rising Health Awareness: Growing adoption of high-protein and low-carbohydrate diets supports peanut consumption.
• Expansion of Plant-Based Products: Increasing demand for vegan protein alternatives such as peanut-based milk and butter.
• Global Trade and Export Growth: Expanding peanut trade networks, particularly from China, India, and the U.S.
• Technological Advancements in Farming: Use of hybrid seeds and precision agriculture improving peanut yields.
• Rising Snack Food Innovation: Growing product diversification in flavored peanuts and peanut-based confectioneries.
• Sustainable Agriculture Practices: Adoption of eco-friendly farming methods boosting long-term productivity.

Top 10 Market Companies

• Archer Daniels Midland Company (ADM)
• Olam International
• Cargill Incorporated
• Wilmar International Limited
• The Hain Celestial Group, Inc.
• Kraft Heinz Company
• Hampton Farms
• Golden Peanut and Tree Nuts (A Subsidiary of ADM)
• Alrifai Roastery
• Shandong Luhua Group Co., Ltd.

Market Segments

By Product Type
o Raw Peanuts
o Roasted Peanuts
o Peanut Butter
o Peanut Oil
o Peanut Snacks

By Application
o Food and Beverages
o Animal Feed
o Oil Extraction
o Confectionery

By Distribution Channel
o Supermarkets/Hypermarkets
o Convenience Stores
o Online Retail
o Specialty Stores

By Region
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa

Recent Developments

• Major companies are investing in automated shelling and sorting technology to enhance quality and production efficiency.
• The rise of organic and non-GMO peanut farming has gained traction across North America and Europe.
• Peanut-based protein powders and bars are rapidly entering the health and fitness market segment.
• Several key players have launched sustainability initiatives, focusing on reducing carbon footprint during peanut cultivation.
• E-commerce expansion has accelerated peanut product sales across new consumer bases.
• Partnerships between local cooperatives and global exporters are improving peanut supply chain traceability.

Regional Insights

Asia-Pacific dominates the global peanuts market, accounting for more than 45% of the total production and consumption. Countries like China, India, Indonesia, and Vietnam serve as major peanut producers, supported by favorable climatic conditions and government agricultural subsidies. Meanwhile, North America and Europe represent strong consumption regions, driven by demand for peanut butter, roasted peanuts, and plant-based snacks. The Middle East & Africa markets are gaining attention due to rising import demand and increasing dietary diversification trends.

Market Outlook

The peanuts market outlook remains optimistic as global dietary trends shift toward natural, high-protein, and sustainable food options. The integration of peanuts into innovative food products, such as dairy-free milk, protein snacks, and energy bars, presents significant opportunities for food manufacturers. Additionally, the rising penetration of e-commerce platforms is reshaping the retail landscape, making peanut-based products more accessible to consumers worldwide.

Technological advancements in agriculture-such as drought-resistant peanut seeds and precision irrigation-are expected to further strengthen global supply and reduce dependency on seasonal variations. Moreover, the growing consumer demand for organic and clean-label products will drive investments in sustainable peanut farming and processing.

Looking forward, the market is likely to witness increased collaborations between peanut farmers, processors, and food manufacturers to ensure supply consistency, quality enhancement, and traceability. With the combination of strong consumer demand, evolving product innovations, and robust global trade networks, the peanuts market is well-positioned for substantial growth throughout the forecast period of 2025 to 2033.

Contact:
Ajay N
Ph: +1-970-633-3460

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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR's comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

This release was published on openPR.