Peanuts Market

• Growing number of health concerned people is driving the market growth

Because of this, the market is expected to raise during the projected period due to the improved health advantages and widespread use of peanuts in numerous food products.

Additionally, both raw and processed foods made with peanuts are sold in the market. Due to its numerous uses, the burnt peanuts business in Mexico is expanding daily. These are utilized in both processed foods and as snacks. A sizable portion of the market is controlled by the peanut sector. The mechanism for processing food heavily relies on oils and flours. These are essentials for daily life, which explains the industry's rising expansion in peanut products. Amazing market expansion and rising consumer demand have improved the market's distribution system.

These are the specific elements that positively affect the market value of the peanut sector. The growth of the market for pantry dry roasted peanuts is also fueled by the high nutritional values and awareness of health advantages. The market income is also increased by changes in consumption habits and the adoption of a healthy lifestyle.

The intake of peanuts is prohibited for some consumers due to certain people's allergy to them. Reduced supply rates, reduced production rates, and other market limitations are among them. The major companies put up the best possible solutions to rescue the sector from these circumstances. In turn, this will lead to a rise in the production and consumption of burnt peanuts in Mexico, which will last for the foreseeable future.

For instance, over the projection period, the high demand for peanuts is anticipated to drive worldwide food consumption of protein-rich foods and boost exports. The market's expansion has also been aided by the rising demand for peanut oil in the pharmaceutical and personal care industries. In the "on the go" product category, KP Nuts introduced two new products: fruit and nut energy mix and orange nut urge energy blend. The company added new Salted Caramel and Smokehouse BBQ flavors to their existing centre flavour line. The company's newest product introduction is intended to appeal to a younger, female market.

Thus, result in driving the peanuts industry revenue.

The Global Peanuts Market Industry is poised for substantial growth, with projections indicating a market value of 92.3 USD Billion in 2024 and an anticipated increase to 116.5 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 2.14% from 2025 to 2035. Such figures reflect the increasing global demand for peanuts driven by health trends, expanding food applications, and innovations in processing. The market's growth is likely to be supported by rising consumer awareness of the nutritional benefits of peanuts, as well as their versatility in various culinary applications. This positive outlook underscores the potential for investment and development within the peanut sector.

Peanuts are increasingly being utilized across various food applications, which significantly contributes to the growth of the Global Peanuts Market Industry. From peanut butter to confectionery and baked goods, the versatility of peanuts allows for their incorporation into a wide range of products. This diversification not only enhances the appeal of peanuts but also drives demand in both developed and emerging markets. The trend towards plant-based diets further amplifies this growth, as peanuts serve as a sustainable protein source. Consequently, the market is expected to grow steadily, with projections indicating a rise to 116.5 USD Billion by 2035, reflecting the expanding applications of peanuts in the food sector.

The increasing awareness of health benefits associated with peanuts is a pivotal driver in the Global Peanuts Market Industry. Peanuts are rich in protein, healthy fats, and essential vitamins, making them a popular choice among health-conscious consumers. This trend is reflected in the growing demand for peanut-based snacks and products, which are perceived as healthier alternatives to traditional snacks. As a result, the market is projected to reach 92.3 USD Billion in 2024, driven by this shift in consumer preferences towards nutritious food options. The Global Peanuts Market Industry is likely to benefit from this trend as more consumers seek out products that align with their health goals.

The Global Peanuts Market Industry is experiencing a surge in export opportunities, particularly from countries known for peanut production, such as the United States and China. These nations are capitalizing on the growing global demand for peanuts, which is driven by their nutritional value and culinary versatility. As international trade agreements facilitate easier access to foreign markets, peanut exports are likely to increase, contributing to overall market growth. This trend is particularly relevant as the market is projected to grow at a CAGR of 2.14% from 2025 to 2035, indicating a robust outlook for peanut producers and exporters in the coming years.

Technological advancements in peanut processing are playing a crucial role in enhancing the efficiency and quality of peanut products, thereby influencing the Global Peanuts Market Industry. Innovations such as improved roasting techniques and the development of new peanut-based ingredients are enabling manufacturers to create higher-quality products that meet consumer demands. These advancements not only improve the flavor and texture of peanut products but also extend their shelf life, making them more appealing to retailers and consumers alike. As a result, the market is likely to see increased investment in processing technologies, which could further drive growth and innovation in the peanut sector.

The rising trend towards plant-based diets is significantly impacting the Global Peanuts Market Industry, as peanuts are recognized as a valuable source of plant-based protein. With more consumers opting for vegetarian and vegan diets, the demand for peanut products is expected to rise. Peanuts offer a cost-effective and nutritious alternative to animal proteins, making them an attractive option for health-conscious consumers. This shift in dietary preferences is likely to propel the market forward, contributing to its anticipated growth to 116.5 USD Billion by 2035. The Global Peanuts Market Industry stands to benefit from this trend as it aligns with the increasing consumer focus on sustainable and health-oriented food choices.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Peanuts market area will dominate this market, owing to an increase in the number of consumers of peanuts in the region. In addition, the growing number of industries producing peanut based snacks will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: PEANUTS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Peanuts market accounts for the second-largest market share due to the rising demand of peanut based snacks because of their health benefits and decrease in demand of unhealthy snacks. Further, the German peanuts industry held the largest market share, and the UK Peanuts was the fastest growing market in the European region

The North America Peanuts Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of health benefits of consuming peanuts among the people in the region. Moreover, China’s market of peanuts held the largest market share, and the Indian peanuts industry was the fastest growing market in the Asia Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Peanuts market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Peanuts industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Peanuts industry to benefit clients and increase the market sector. In recent years, the Peanuts industry has offered some of the most significant advantages to food industry. Major players in the Peanuts market, including Olam International (Singapore), Kraft Foods Inc. (U.S.), Hampton Farms Inc (U.S.), Star Snacks Co. LLC (U.S.), Virginia Diner (U.S.), and others, are attempting to increase market demand by investing in research and development operations.

The Archer-Daniels-Midland Company, sometimes referred to as ADM, is a American firm that trades commodities and processes food. Cereal grains and oilseeds are processed at the company's more than 270 factories and 420 crop procurement sites across the world into goods that are used in the food, beverage, nutraceutical, industrial, and animal feed sectors. In 2021, ADM sold property to Sonny Perdue, who would later become secretary of agriculture, in 2017 for a small fraction of its estimated worth, according to a Washington Post investigation.

Concerning whether the transaction constituted to bribery, ethics attorneys expressed both legal and ethical reservations about it. In line with the Post's assertion, ADM "sold the property at a small fraction of its assessed worth just as it poised to gain from a favorable secretary of agriculture.

Kraft Foods Inc. was a worldwide conglomerate that produced food, beverages, and confections, in Northfield, Illinois, a suburb of Chicago, the business was headquartered. One of the four "majors" on the LPGA Tour, the Kraft Nabisco Championship, was sponsored by Kraft Foods Inc., an official partner and sponsor of Major League Soccer. The business additionally supported the collegiate football bowl game known as the Kraft Fight Hunger Bowl.

In June 2020, By eliminating $2 billion in expenses via efficiency improvements by 2024, reinvesting in its brands, and employing a new platform-based strategy to redefine how the firm views its goods and the markets in which they compete, Kraft Heinz expects to regain its position as a leader and experience growth.