What is Peanuts Market?
In terms of peanuts production, China ranks first in the world followed by India, Nigeria, and the United States. Meanwhile, China is also the largest consumer of peanuts with Nigeria being the world's third-largest producer, after China and India. But most of the peanuts in these three countries are supplied for the domestic market. According to the study, more than 44 million metric tonnes of peanuts are produced worldwide per year wherein, the countries such as China and India account for more than 50% of the world's total production, followed by Nigeria and the United States. The global peanuts market is expected to witness healthy growth during the forecast period, according to the study.
The market study is being classified by Type (Runners, Spanish, Virginia and Valencia), by Application (Direct Consumption, Bakery & Confectionery, Breakfast Cereals & Snacks, Butter & Spreads, Dairy Products and Others) and major geographies with country level break-up. According to AMA, the Global Peanuts market is expected to see growth rate of 4.7%
Golden Peanut Company Llc (United States), Olam International Ltd. (Singapore), Diamond Foods, Inc. (United States), Mariani Nut Company Inc. (United States), Blue Diamond Growers (United States), Select Harvests Ltd. (Australia), Waterford Nut Co. Inc. (United States), Archer Daniels Midland Company (United States), Tree Nuts International (India), Lone Tree Nut Company, Inc. (United States), H.B.S. Foods Ltd. (United Kingdom), Sun Valley Nut, LLC (United States), RIZHAO YATAI FOODSTUFFS CO LTD (China), QINGDAO SINONUT INTERNATIONAL LTD (China), Junan Jinguo Cereals & Oils Foodstuff Co., Ltd. (China), Ruparel Foods Pvt. Ltd. (India), Vishwa Commodities (India), SHREEJI PROTEIN (India), Ramniklal Jamnadas & Sons (India), Norbrent Co. Nig.Ltd (Nigeria), Ellbrown Inpex Ltd (Nigeria), Carl Commodities Nigeria Limited (Nigeria) and Global Captains Ltd (Nigeria) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on catering to the growing market's demands in order to remain competitive in their respective regional markets. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Peanuts market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Peanuts market by Type, Application and Region.
On the basis of geography, the market of Peanuts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Production & Consumption of Peanuts Across the World
- Rising Health COnsciusness Among Consumers
- Rising Adoption of Online Sales Channel
- High Price of the Product
- Opportunities in the Asia Pacific Region
- Challenges in the Peanuts Processing Industry
- Disrupted SUpply Chain DUring the FY 2020 Due to COVID-19 Pandemic
Analyst CommentFrom a global perspective, the overall upward trend of peanut production in the past four years (2012-2016) global peanut production increased from 41311 K tons to 45032 K tons. Currently, China, India, and Nigeria are the world's three major peanut-producing countries. The planting area and output have maintained a leading position. In addition, in the United States and Argentina as traditional peanut-producing countries, peanut output has increased greatly. Argentina is the only top-four peanut one not having a relevant domestic market. About 70% of its production is for export. Now it has exceeded the other rivals to be the largest exporter. Peanuts are a high nutritional value of protein in plants. With the US, Europe, Japan, and other countries off eating peanuts and other nuts food diet trend, consumption of peanut and its products increased year after year. Thus increasing future demand for peanuts, production, and supply is bound to continue to grow. With the enhancement of economic globalization and international trade activities, China's peanut exports face more intense international competition, so the world's major exporters of peanuts, peanut industry's international competitiveness were analyzed and compared, peanut export States shall take appropriate measures, expand exports and increase export efficiency. Peanuts contribute approximately 1.2% to the gross value of field crops. Peanuts can be consumed in an unprocessed state, but they also serve in the economy as raw materials for the manufacturing of various products. The production of peanuts is highly affected by the costs of production inputs as well as the demand for peanuts.
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Peanuts Market?
"Increasing Production & Consumption of Peanuts Across the World
" is seen as one of major growth factors of Peanuts Market in years to come.
2. Can we have customized study for Peanuts Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Peanuts Market?
will lead the Peanuts Market.