Peanuts Market 1

Global Peanuts Market Research Report- Forecast to 2023
Global Peanuts Market Research Report-
Forecast to 2023
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Global Peanuts Market Research Report- Forecast to 2023
Peanuts Market Overview
The Peanuts Market around the world has been witnessing a significant boom in the
past few decades, not only due to the rising popularity of peanut butter and
groundnut oil, but also due to the extensive studies in nutrition that have pointed
out that regular consumption of peanuts can be actually be beneficial to health.
Studies have shown that consumption of small amounts of peanuts on a regular basis
can lead to reduced risk of cancer, diabetes and heart disease. Research shows that
regular consumption of peanuts can protect people against breast, esophageal,
colorectal and pancreatic cancers.
Global Roasted Peanuts Market has been shown to a complete food with adequate
content of carbohydrates high in good oils, protein, vitamins and minerals. Food
scientists have been breeding healthier peanut varieties, with high oleic traits. High
oleic is a monounsaturated oil, which can increase the shelf life of peanuts and peanut
products by up to six months besides having added health benefits. Rising awareness
about peanut nutrition will considerably contribute towards the expansion of peanuts
market. Peanuts growing techniques are also being enhanced so that crop production
increases every year. It works as an advantage to the peanut industry that it is very
difficult to have a complete failure in peanuts harvest.
Competitive Landscape
Some of the most well-known names in the peanuts market include Olam
International, Kraft Foods Inc., Star Snacks Co., LLC, Virginia Diner,
Diamond Foods, Inc., Hampton Farms, Inc. and Archer Daniels Midland.
Industry News
Dec 2017 John B. Sanfilippo & Son, Inc. acquired Squirrel Brand, L.P or $31.5
million. Squirrel Brand is one of the leading suppliers of premium roasted nuts and
snack mixes under its Squirrel Brand and Southern Style Nuts brands. The acquisition
of the Squirrel Brand business provides the company with an established customer
base and branded product line which will help in business expansion.
Sept 2017 KP Nuts launched new “on the go”. The product is available in attractive
new packaging in four flavors; Fruit and Nut Energy Mix, Orange Nut Fudge Energy
Mix, classic flavors Dry Roasted, and Original Salted. The product launch is in line
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Global Peanuts Market Research Report- Forecast to 2023
with company’s strategy to acknowledge changing consumer preferences and
customize products accordingly.
May 2017 KP nuts launched two new products under “on the go” product range,
namely fruit & nut energy mix and orange nut fudge energy mix. The company also
expanded its core flavor range with new variants, Salted Caramel and Smokehouse
BBQ. Through this product launch, the company aims to target younger, female
demographic.
Segmentation
Peanuts market is segmented based on form, application and distribution channel.
Based on Form peanuts market is classified as raw, blanched, roasted, powder and
others. Among these the raw form is expected to hold the largest share in the
peanuts market due to its necessity in various other application of peanuts derived
products.
Based on Application peanuts market has a plethora of classification some of which
are peanut butter and spreads, bakery and confectionery, peanut bars, culinary
purpose, dairy products, oils etc. Based on application the largest market share is
held by oil production followed by bakery and confectionery.
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Regional Analysis
The peanuts market is segmented into North America, Europe, Asia Pacific, and Rest
of the World.
Asia Pacific holds a dominant position in the peanuts market due to the presence of
large peanuts exporting countries such as India, China and Australia. This is followed
closely by North America. With the rising recognition of the health benefits that
peanut, and consumption of most peanut derived products have to offer are the chief
driving forces for the growth of the peanuts market in every part of the world.
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Global Peanuts Market Research Report- Forecast to 2023
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