Market Overview:

The Peanuts Market is expected to reach USD 107.4 Billion by 2030 at 2.45% CAGR during the forecast period 2022-2030.Peanuts are widely used in the food industries in the form of multiple food products such as peanuts oils, roasted peanuts and snacks. This is a rich source of polyunsaturated fats. The rich protein, with its wide application in the food industry, is beneficial for health. Due to these benefits, the Peanuts Market Research is in higher demand. The rich source of dietary proteins is popular across the globe. Due to its huge sale, the market is expected to generate great revenue in the forecast period.

The wide application of Peanuts as nuts, flour, and oil is famous throughout the world. The multiple health benefits are letting people fir the usage of peanuts. These are many positive factors driving the market globally. The necessity to consume high dietary fibre protein food with nutrient values to maintain a healthy lifestyle is a major driver of the market. The awareness and consciousness about the health benefits of peanuts are accelerating the market’s demand. The change in consumption and the higher adoption of a healthy lifestyle will aid the market’s development.

Peanuts are available both in raw and processed food forms. The burnt peanuts are growing day by day due to their wide applications. The market will hold a great potential growth due to its benefits. The daily necessities of the peanuts products are emerging in the global market. It is experiencing massive growth and demand, enhancing its distribution channel.

The Peanuts Market is predicted to obtain a significant CAGR and valuation in the forecast period.

Market Segments:

The Peanuts Market is segmented into forms, applications, and distribution channels.

The form segment of the market is sub-segmented into raw, blanched, roasted, powder and others. The raw segment is capturing the largest market share of the market due to its wide application in the food industry.

The application segment is categorized into Peanut bars, Peanut butter, Bakery and confectionery, Direct consumption and Culinary purpose, and Spreads, Oils, Dairy Products, and Others. Among these, the oil and bakery, and confectionery segments capture the largest market share.

The distribution channel of the market is sub-segment into Convenience stores, Hypermarkets, Supermarkets, E-commerce, Specialty Stores, and Others. The hypermarkets and supermarket segments obtain maximum market share compared to other channels.

Regional Analysis:

According to the regional status, the Peanuts Market Report is showing tremendous growth in major regions of Asia Pacific, Europe, the North American region, and the rest of the world.

The Asia Pacific region occupies the largest and major share. The APAC, with the second-largest share, follows the North American region. These regions are emerging due to lifestyle changes and maintaining a healthy diet of burnt peanuts. Due to these factors, the Asia Pacific regions will generate a higher sales rate in the forecast period. The major importers include Vietnam, Germany, China, the Netherlands, and Indonesia. The interest in a healthy diet and high monounsaturated fatty acids in the region also drives the APAC region.

Industry News:

In May 2022, Voyage Foods, a California-based company that has reverse-engineered chocolate, peanut butter and coffee, witnessed USD 36 million Series A investment round. It is co-led by UBS O’Connor and Level One Fund. Horizons Ventures, SOSV’s Indie Bio, and Social Impact Capital participated.

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