Global Peanuts Market is Projected to Grow at a CAGR over 2.45% During the Period 2023-2032

June 1, 2023, Market Research Future published a half cooked research report on Global Peanuts Market which is estimated to grow more than 2.45% during the period 2023-2032.

Peanuts Market Highlights

The increasing sale of peanuts is driven by changing consumer’s preference and adoption of healthy food consumption trend. Wide application of peanuts across bakery and confectionery industries and increased production of peanut oil is increasing its sale in the market. The health benefits obtained from peanuts backed up by its high anti-oxidant content is also supporting its sale amongst the consumers. Increasing consumption of healthy oil helping in reducing the cholesterol content has a positive impact on the peanuts market as a potential raw material. The consumption of Peanuts is found to be high in and Asia-Pacific and is evaluated to increase at a positive growth rate in various countries of Europe and North America. 

Market Forecast

Globally, the peanuts market share is estimated to escalate at a higher growth rate due its healthy fatty acid content that helps in managing the body weight and reducing excess fat of the body. The high consumption of peanuts is backed up by it property to lower cholesterol level in the body and further decreasing the chances of heart diseases. The rising demand for high vitamins and mineral containing products in the market is supporting its sale on a global level. Rapid increase in the vegan population is anticipated to fuel up the market share of peanuts globally.

All these factors contribute to the calculated CAGR of 2.45% of Peanuts market during 2023-2032.

Downstream analysis-

Consumption of Raw form of Peanuts is growing at significant rate based on its versatile application. Raw peanuts are further processed to obtain various other industrially important by-products of peanuts. In addition, the application of peanuts is experiencing a rapid increase in oil production followed by its application in bakery and confectionery industries.

The sale of Peanuts through supermarkets and hypermarkets is experiencing a surge backed up by consumer’s preference and convenience. However, the sale through E-commerce will witness a high growth rate in the given forecast period supported by the increase in use and adoption of new technologies by consumers. 

Competitive analysis-

The major key players in Peanuts market are

• Olam International (Singapore)


• Kraft Foods Inc. (U.S.)


• Hampton Farms, Inc (U.S.)


• Star Snacks Co., LLC (U.S.)


• Virginia Diner (U.S.)


• Archer Daniels Midland (U.S.)


• Diamond Foods, Inc. (U.S.)

Peanuts manufacturers across various regions follow the strategy of improving their existing product as well as increasing the manufacture of organic peanuts to add more value to their products to expand their business. This is one of the major factors due to which the demands of Peanuts is experiencing a surge. India is amongst the dominating countries holding a major share in peanuts market and exports the product in various other countries which include Indonesia, Vietnam, Malaysia, Thailand, Philippines and others.

The Global Peanuts Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Asia Pacific holds a major market share followed by North America. The high demands for peanuts from the developed countries of these regions is contributing to the positive growth of peanuts market. Netherlands, China, Vietnam, Indonesia and Germany are the major importers of peanuts. Asia-Pacific is found to be the major exporter of Peanuts and exports majorly to countries of Europe and North America.

Market Segmentation-

Global Peanuts market is segmented by Form, Application, Distribution Channel and Region