Peanut Ingredients Market by Type (Oil, Flour, Butter, Powder), by Application (Food, Beverage [Bakery, Savoury Snacks, Confectionery, Dairy] Animal Feed), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Peanut Ingredients Market size was valued at USD 88.1 Billion in 2023 and is projected to reach USD 110.13 Billion by 2032, exhibiting a CAGR of 3.24 % during the forecast period. Peanut ingredients encompass a variety of products derived from peanuts, such as peanut butter, peanut oil, and peanut flour. These ingredients are rich in protein, healthy fats, and essential nutrients like vitamin E and magnesium. Peanut butter is popular for its creamy texture and versatility in snacks and recipes, while peanut oil is prized for its high smoke point and nutty flavor in cooking. Peanut flour, with its low-fat content and high protein concentration, is used in baking and as a nutritional supplement. These ingredients are integral in both culinary applications and as sources of nutrition in various food industries.
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Our comprehensive market report on peanut ingredients provides an in-depth analysis of the market dynamics, industry insights, and future trends. It covers:
The Asia-Pacific region is expected to dominate the peanut ingredients market due to the increasing demand from populous countries like China and India. North America and Europe are also significant markets, with established peanut ingredient industries.
Consumers are becoming more health-conscious and seeking peanut-based products for their nutritional benefits. However, concerns about peanut allergies persist.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.24% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.24% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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