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Peanuts Market - Segmented by Geography - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-14244738 | Publishing Date : 01-May-2019 | No. of pages : 88
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Market Overview
The global peanuts consumption has grown at the rate of 2.53% and expected to grow further during 2019-2024. China and India are the largest consumer and exporters of peanuts in the world, accounting for more than 36% of the global consumption.
For many years, China has been the world’s consumer of soybean. However, in recent years, peanuts consumption has increased dramatically in Senegal at the rate of 12% during the period 2014-2018.
Scope of the Report
Peanuts are oval-shaped nuts commercially distributed as pulse and oilseed. Peanuts are widely used largely in food and beverages industry in the form of oil, flour, snacks, and peanut butter.
Here in this report consumption has been considered for market sizing.
Key Market Trends
Argentina dominates the global exports
Argentina holds a share of 22% in global peanut exports followed by China and India. Increasing demand for nut-based snacks, nut butter, and protein-rich foods will continue to drive high dmeand for peanuts globally over the forecast period and thereby encourage higher exports.
The Netherlands, Germany and United Kingdom are the three countries, which offer ample opportunities to exporters of peanuts in developing countries. In the future, the European market for peanuts is expected to grow due to changes in the consumption patterns of customers, as demand for plant-based protein is gaining popularity instead of meat-based protein. With people becoming more and more interested in healthy-eating, peanuts are expected to become an important source of unsaturated fats, fiber, protein, vitamins, and minerals.
China rules global peanut production
China is the world's leading producer of peanuts accounting for nearly 41% of the total output. In the year 2016, China was the biggest peanut producer with a production of 16.6 million metric ton. India, Nigeria, and the United States followed with about 6.8, 3 and 2.5 million metric ton each.
The production of peanuts decreased in the year 2018 in India, United States, and Senegal, due to adverse weather conditions, especially delayed and irregular rainfall. Major importers of peanuts are Netherlands, Indonesia, Russian Federation, Germany, and Mexico.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The global peanuts consumption has grown at the rate of 2.53% and expected to grow further during 2019-2024. China and India are the largest consumer and exporters of peanuts in the world, accounting for more than 36% of the global consumption.
For many years, China has been the world’s consumer of soybean. However, in recent years, peanuts consumption has increased dramatically in Senegal at the rate of 12% during the period 2014-2018.
Scope of the Report
Peanuts are oval-shaped nuts commercially distributed as pulse and oilseed. Peanuts are widely used largely in food and beverages industry in the form of oil, flour, snacks, and peanut butter.
Here in this report consumption has been considered for market sizing.
Key Market Trends
Argentina dominates the global exports
Argentina holds a share of 22% in global peanut exports followed by China and India. Increasing demand for nut-based snacks, nut butter, and protein-rich foods will continue to drive high dmeand for peanuts globally over the forecast period and thereby encourage higher exports.
The Netherlands, Germany and United Kingdom are the three countries, which offer ample opportunities to exporters of peanuts in developing countries. In the future, the European market for peanuts is expected to grow due to changes in the consumption patterns of customers, as demand for plant-based protein is gaining popularity instead of meat-based protein. With people becoming more and more interested in healthy-eating, peanuts are expected to become an important source of unsaturated fats, fiber, protein, vitamins, and minerals.
China rules global peanut production
China is the world's leading producer of peanuts accounting for nearly 41% of the total output. In the year 2016, China was the biggest peanut producer with a production of 16.6 million metric ton. India, Nigeria, and the United States followed with about 6.8, 3 and 2.5 million metric ton each.
The production of peanuts decreased in the year 2018 in India, United States, and Senegal, due to adverse weather conditions, especially delayed and irregular rainfall. Major importers of peanuts are Netherlands, Indonesia, Russian Federation, Germany, and Mexico.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
