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Peanuts Market

ID: MRFR/FnB/2226-HCR
110 Pages
Pradeep Nandi
October 2025

Peanuts Market Research Report Information By Form (Raw, Roasted, Blanched, Powder, and Others), By Application (Direct Consumption/Culinary purpose, Bakery And Confectionery, Peanut Butter And Spreads, Peanut Bars, Dairy Products, Oil Production, and Others) By Distribution Channel (Hypermarkets And Supermarkets, Convenience Stores, Specialty Stores, E-Commerce, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

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Peanuts Market Summary

As per MRFR analysis, the Peanuts Market Size was estimated at 92.26 USD Billion in 2024. The Peanuts industry is projected to grow from 94.24 USD Billion in 2025 to 116.48 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.14 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Peanuts Market is experiencing a dynamic shift driven by health trends and innovative product offerings.

  • Health consciousness among consumers is propelling demand for nutritious peanut products, particularly in North America.
  • Roasted peanuts remain the largest segment, while peanut powder is emerging as the fastest-growing category in the market.
  • The Asia-Pacific region is witnessing rapid growth, driven by increasing urbanization and changing dietary preferences.
  • Rising demand for plant-based proteins and innovative product development are key drivers influencing market expansion.

Market Size & Forecast

2024 Market Size 92.26 (USD Billion)
2035 Market Size 116.48 (USD Billion)
CAGR (2025 - 2035) 2.14%

Major Players

Olam Group (SG), Archer Daniels Midland Company (US), Bunge Limited (US), Golden Peanut and Tree Nuts (US), Sunland, Inc. (US), Horizon Ag (US), Agro Products and Agencies (IN), Dreyfus (US)

Peanuts Market Trends

The Peanuts Market is currently experiencing a dynamic phase characterized by evolving consumer preferences and increasing demand for healthy snack options. As awareness of the nutritional benefits of peanuts grows, more individuals are incorporating them into their diets. This trend is further fueled by the rise of plant-based diets, where peanuts serve as a valuable protein source. Additionally, the versatility of peanuts in various culinary applications, from snacks to sauces, enhances their appeal across diverse demographics. The market appears to be adapting to these shifts, with manufacturers innovating to meet consumer expectations for quality and sustainability. Moreover, the Peanuts Market is witnessing a surge in value-added products, such as peanut butter and flavored snacks, which cater to the growing desire for convenience and taste. This diversification not only attracts a broader audience but also encourages repeat purchases. Furthermore, the increasing focus on health and wellness is prompting brands to emphasize natural ingredients and transparent sourcing practices. As the market evolves, it seems poised for continued growth, driven by both traditional consumption patterns and emerging trends that prioritize health and sustainability.

Health Consciousness

The Peanuts Market is increasingly influenced by a growing awareness of health benefits associated with peanut consumption. Consumers are gravitating towards nutritious snacks, and peanuts are recognized for their high protein and healthy fat content.

Product Innovation

There is a notable trend towards the development of innovative peanut-based products. Manufacturers are exploring new flavors and formats, such as peanut butter alternatives and snack mixes, to attract a wider consumer base.

Sustainability Focus

Sustainability is becoming a critical consideration within the Peanuts Market. Brands are adopting eco-friendly practices, from sourcing to packaging, in response to consumer demand for environmentally responsible products.

Peanuts Market Drivers

Expanding Global Markets

The Peanuts Market is poised for growth as emerging markets present new opportunities for expansion. Countries with increasing populations and rising disposable incomes are likely to drive demand for peanut products. Recent statistics indicate that regions such as Asia and Africa are experiencing significant growth in peanut consumption, fueled by both traditional culinary uses and modern snack trends. This expansion suggests that companies within the Peanuts Market may benefit from targeting these regions with tailored marketing strategies and product offerings. As global trade continues to evolve, the potential for increased exports and market penetration in these developing areas could significantly impact the overall growth trajectory of the Peanuts Market.

Innovative Product Development

Innovation within the Peanuts Market is driving growth as manufacturers explore new product formats and flavors. The introduction of peanut-based snacks, such as protein bars and flavored peanut butter, caters to evolving consumer preferences for convenience and taste. Recent market data indicates that the snack segment is experiencing robust growth, with peanut-based products capturing a notable share. This trend suggests that companies focusing on product innovation are likely to enhance their competitive edge. Furthermore, the development of organic and non-GMO peanut products aligns with consumer demand for transparency and quality, further propelling the Peanuts Market forward. As brands continue to innovate, the potential for market expansion remains substantial.

Sustainability and Ethical Sourcing

Sustainability has emerged as a crucial consideration within the Peanuts Market, as consumers increasingly prioritize ethically sourced products. The demand for sustainable farming practices and environmentally friendly production methods is on the rise. This trend is reflected in the growing interest in organic peanuts and certifications that ensure responsible sourcing. Companies that adopt sustainable practices may enhance their brand reputation and appeal to environmentally conscious consumers. Recent data suggests that products with sustainability certifications are gaining traction, indicating a potential shift in purchasing behavior. As the Peanuts Market adapts to these consumer preferences, the emphasis on sustainability could lead to new opportunities for growth and differentiation.

Rising Demand for Plant-Based Proteins

The increasing consumer shift towards plant-based diets appears to be a significant driver for the Peanuts Market. As more individuals seek alternatives to animal proteins, peanuts, being rich in protein and essential nutrients, are gaining popularity. According to recent data, the demand for plant-based protein sources has surged, with peanuts being a preferred choice due to their versatility and nutritional profile. This trend is likely to continue, as health-conscious consumers increasingly incorporate peanuts into their diets, whether in the form of snacks, spreads, or culinary ingredients. The Peanuts Market is thus positioned to benefit from this growing inclination towards plant-based nutrition, potentially leading to expanded market opportunities and product offerings.

Increased Awareness of Nutritional Benefits

The Peanuts Market is witnessing a surge in consumer awareness regarding the health benefits associated with peanut consumption. Peanuts Market are recognized for their high levels of protein, healthy fats, and various vitamins and minerals, which contribute to overall health. Recent studies have highlighted the role of peanuts in heart health and weight management, leading to increased consumer interest. This heightened awareness is likely to drive demand, as more individuals seek nutritious snack options. Additionally, the Peanuts Market may benefit from educational campaigns that emphasize the health advantages of peanuts, potentially influencing purchasing decisions. As consumers become more informed, the market could see a significant uptick in peanut product sales.

Market Segment Insights

By Form: Roasted (Largest) vs. Powder (Fastest-Growing)

The Peanuts Market's 'Form' segment showcases significant diversity with major shares held by the raw and roasted categories. Roasted peanuts dominate the market due to their widely recognized flavor profile and versatility in various culinary applications. Blanched peanuts follow closely, catering primarily to processing and confectionery industries. The introduction of innovative peanut powder has gained traction, leading to an interesting interplay within the segment as consumer preferences shift towards alternative forms of snack options.

Roasted (Dominant) vs. Powder (Emerging)

Roasted peanuts have secured their position as the dominant form in the market thanks to their widespread appeal and incorporation into a multitude of products, from snacks to gourmet dishes. Their rich taste and significant nutritional benefits, including high protein and healthy fats, make them highly desirable among consumers. Conversely, peanut powder represents an emerging trend, capturing market interest due to its health benefits, ease of use, and functionality in baking and smoothies. As health-conscious consumers seek innovative food options, peanut powder is rapidly gaining traction, driving new product development and growth opportunities. The contrast between these two forms illustrates the dynamic nature of the Peanuts Market.

By Application: Direct Consumption/Culinary Purpose (Largest) vs. Peanut Butter and Spreads (Fastest-Growing)

In the Peanuts Market, the application segment showcases varied distribution across different categories. Direct Consumption/Culinary Purpose stands out as the largest segment, driven by consumer preferences for whole peanuts and snacks. Following this, Peanut Butter and Spreads are gaining significant traction, indicating a shift in consumption patterns as consumers seek healthier spread options. Other notable applications include Bakery and Confectionery, Peanut Bars, Dairy Products, and Oil Production, each contributing to a diverse market landscape.

Direct Consumption/Culinary Purpose (Dominant) vs. Peanut Butter and Spreads (Emerging)

Direct Consumption/Culinary Purpose plays a dominant role in the Peanuts Market, appealing to health-conscious consumers who prefer natural and minimally processed products. This segment encompasses whole peanuts consumed as snacks or used in culinary practices, reinforcing their position in everyday diets. In contrast, Peanut Butter and Spreads represent an emerging segment driven by increasing popularity due to their convenience and versatility. As consumers lean towards healthier diets, the demand for natural and organic peanut butter is rapidly rising, making it a vital area for growth in the market.

By Distribution Channel: Hypermarkets and Supermarkets (Largest) vs. E-Commerce (Fastest-Growing)

In the Peanuts Market, Hypermarkets and Supermarkets account for a significant portion of total distribution, serving as the primary channels where consumers purchase peanuts and related products. These large retail formats attract a diverse customer base thanks to their extensive selections and promotional strategies, thus commanding a dominant market share. Convenience Stores and Specialty Stores also play important roles, but their shares are notably smaller compared to these major players, reflecting a shift in shopping habits among consumers favoring one-stop shopping options. The rise of E-Commerce has emerged as a transformative force in the distribution of peanuts, marking it as the fastest-growing channel within the market. Driven by increasing internet penetration and consumer preferences for online shopping, E-Commerce platforms facilitate access to a broad range of peanut products, including organic and specialty varieties that may not be as readily available in traditional brick-and-mortar stores. This trend is further propelled by the convenience of home delivery and various online promotional offers, enabling players in the peanut market to tap into a growing segment of tech-savvy consumers.

Hypermarkets and Supermarkets: Dominant vs. E-Commerce: Emerging

Hypermarkets and Supermarkets dominate the Peanuts Market due to their expansive reach and extensive product selections. They attract a large volume of customers, showcasing various peanut brands and packaging formats, which provide consumers with multiple choices. These stores often engage in promotional pricing and bundling strategies that encourage bulk purchases, solidifying their market position. Conversely, E-Commerce is an emerging channel recognized for its rapid growth, enabled by digital innovation and changing consumer purchasing behaviors. Online platforms offer convenience and personalization, allowing consumers to explore products and place orders from home. Moreover, E-Commerce caters to niche markets, such as health-conscious buyers or gourmet peanut brands, thereby diversified the peanut market and appealing to specific consumer preferences.

Get more detailed insights about Peanuts Market

Regional Insights

North America : Market Leader in Peanuts Market

North America is the largest market for peanuts, accounting for approximately 40% of the global share. The region benefits from strong demand driven by the snack food industry and increasing health consciousness among consumers. Regulatory support for agricultural practices and trade agreements further bolster market growth. The U.S. is the primary contributor, with favorable climatic conditions and advanced farming techniques enhancing production efficiency. The competitive landscape in North America is characterized by major players such as Archer Daniels Midland Company and Bunge Limited, which dominate the market. These companies leverage extensive distribution networks and innovative product offerings to maintain their market positions. The presence of key players ensures a robust supply chain, catering to both domestic and international markets, thus reinforcing North America's leadership in the peanuts sector.

Europe : Emerging Market for Peanuts Market

Europe is witnessing a growing demand for peanuts, driven by increasing consumer interest in healthy snacking options and plant-based diets. The region holds approximately 25% of the global market share, with countries like Germany and the UK leading in consumption. Regulatory initiatives promoting sustainable agriculture and food safety standards are also contributing to market growth. The European market is gradually shifting towards organic and non-GMO peanuts, reflecting changing consumer preferences. Leading countries in Europe include Germany, France, and the UK, where the competitive landscape is marked by both local and international players. Companies like Olam Group and Dreyfus are actively expanding their presence in the region. The market is characterized by a mix of traditional and innovative products, with a focus on quality and sustainability. This dynamic environment is fostering healthy competition and driving product diversification in the European peanuts market.

Asia-Pacific : Growing Demand in Asia-Pacific

The Asia-Pacific region is emerging as a significant player in the peanuts market, holding around 20% of the global share. Countries like China and India are the largest producers and consumers, driven by traditional culinary uses and increasing health awareness. The region's growth is supported by favorable climatic conditions and government initiatives aimed at boosting agricultural productivity. Additionally, rising disposable incomes are leading to higher consumption of processed peanut products. China and India dominate the competitive landscape, with numerous local players contributing to the market. Key companies such as Agro Products and Agencies are expanding their operations to meet the growing demand. The presence of a diverse range of products, from raw peanuts to value-added snacks, is enhancing market dynamics. The Asia-Pacific region is poised for significant growth, driven by both domestic consumption and export opportunities.

Middle East and Africa : Untapped Potential in Africa

The Middle East and Africa region is characterized by untapped potential in the peanuts market, holding approximately 15% of the global share. The growth is primarily driven by increasing agricultural investments and rising demand for peanuts as a source of protein. Countries like Nigeria and South Africa are leading producers, with government initiatives aimed at enhancing agricultural practices and food security. The region's diverse climate allows for varied peanut cultivation, further supporting market expansion. In the competitive landscape, local players dominate, but international companies are beginning to explore opportunities in the region. The presence of key players such as Sunland, Inc. is helping to establish a more structured supply chain. The market is gradually evolving, with a focus on improving quality and expanding product offerings to meet both local and international demands. This growth trajectory indicates a promising future for the peanuts market in the Middle East and Africa.

Peanuts Market Regional Image

Key Players and Competitive Insights

The Peanuts Market is currently characterized by a dynamic competitive landscape, driven by increasing global demand for peanuts and peanut-based products. Key players such as Olam Group (SG), Archer Daniels Midland Company (US), and Bunge Limited (US) are strategically positioned to leverage their extensive supply chains and innovative product offerings. Olam Group (SG) focuses on sustainability and traceability, which aligns with consumer preferences for ethically sourced products. Meanwhile, Archer Daniels Midland Company (US) emphasizes technological advancements in processing and distribution, enhancing operational efficiency. Bunge Limited (US) is actively pursuing regional expansion, particularly in emerging markets, which appears to be a critical factor in shaping the competitive environment.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce transportation costs and enhance supply chain resilience. The market structure is moderately fragmented, with several players vying for market share, yet the collective influence of major companies is significant. This competitive structure allows for a variety of product offerings, catering to diverse consumer preferences while fostering innovation across the sector.

In August 2025, Olam Group (SG) announced a partnership with local farmers in West Africa to enhance sustainable peanut farming practices. This initiative not only aims to improve yield and quality but also strengthens Olam's supply chain by ensuring a reliable source of high-quality peanuts. Such strategic moves are likely to bolster Olam's market position while addressing growing consumer demand for sustainability.

In September 2025, Archer Daniels Midland Company (US) unveiled a new processing facility in the Midwest, aimed at increasing its production capacity for peanut products. This expansion is significant as it allows the company to meet rising demand in the North American market while optimizing logistics and reducing lead times. The facility is expected to incorporate advanced processing technologies, further enhancing ADM's competitive edge.

In July 2025, Bunge Limited (US) entered into a joint venture with a local peanut processing company in Brazil, which is anticipated to enhance its footprint in South America. This strategic alliance not only diversifies Bunge's product offerings but also positions the company to capitalize on the growing demand for peanuts in the region. Such collaborations are indicative of a broader trend towards strategic partnerships that enhance market reach and operational capabilities.

As of October 2025, the Peanuts Market is witnessing trends such as digitalization, sustainability, and the integration of artificial intelligence in supply chain management. These trends are reshaping competitive dynamics, with companies increasingly focusing on strategic alliances to enhance their market positions. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is becoming evident, suggesting that future competitive differentiation will hinge on these factors.

Key Companies in the Peanuts Market market include

Industry Developments

September 2022: Researchers from ICRISAT collaborated with scientists from the Junagadh Agricultural University to create India's first "Spanish type" high oleic peanut. Comparing it to the original Virginia-type cultivars reveals its advantages. As a result of the new peanut line's high production, drought tolerance, and resistance to foliar diseases, Indian peanut export potential will be improved as well as the revenue of farmers and dealers.

January 2020: Life's Grape, a family-run enterprise in California, invented peanut butter-dipped grapes that were dried on vines. The product is low in sodium, gluten-free, sulphur-free, and Kosher, and it comes in resealable pouches. The company launched this new product line in order to diversify its extensive menu of offerings and to suit the expanding consumer demand for cutting-edge snacks.

November 2019: PB2 Foods, Inc. introduced a new kind of protein powder intended primarily for use in shakes and smoothies. New plant-based protein powder called PB2 Performance Peanut Protein and PB2 Performance Almond Protein are the two versions that are offered by the company. The goods are non-GMO, gluten-free, Kosher, and vegan-certified.

Future Outlook

Peanuts Market Future Outlook

The Peanuts Market is projected to grow at a 2.14% CAGR from 2024 to 2035, driven by increasing health awareness, diverse applications, and rising demand for plant-based proteins.

New opportunities lie in:

  • Expansion into organic peanut products to meet consumer demand.
  • Development of innovative peanut-based snacks targeting health-conscious consumers.
  • Investment in sustainable farming practices to enhance supply chain resilience.

By 2035, the Peanuts Market is expected to achieve robust growth, reflecting evolving consumer preferences and sustainable practices.

Market Segmentation

Peanuts Market Form Outlook

  • Raw
  • Roasted
  • Blanched
  • Powder
  • Others

Peanuts Market Application Outlook

  • Direct Consumption/Culinary purpose
  • Bakery and Confectionery
  • Peanut Butter and Spreads
  • Peanut Bars
  • Dairy Products
  • Oil Production
  • Others

Peanuts Market Distribution Channel Outlook

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • E-Commerce
  • Others

Report Scope

MARKET SIZE 202492.26(USD Billion)
MARKET SIZE 202594.24(USD Billion)
MARKET SIZE 2035116.48(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)2.14% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesGrowing demand for plant-based protein sources enhances opportunities in the Peanuts Market.
Key Market DynamicsRising consumer demand for plant-based snacks drives innovation and competition in the peanuts market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Pradeep Nandi
Senior Research Analyst

I have a bachelor's degree in mechanical engineering and an MBA. I have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. A firm believer in lifelong learning and sharing of knowledge. Having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. Introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest. 

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FAQs

What is the current valuation of the Peanuts Market as of 2024?

The Peanuts Market was valued at 92.26 USD Billion in 2024.

What is the projected market valuation for the Peanuts Market in 2035?

The Peanuts Market is projected to reach a valuation of 116.48 USD Billion by 2035.

What is the expected CAGR for the Peanuts Market during the forecast period 2025 - 2035?

The expected CAGR for the Peanuts Market during the forecast period 2025 - 2035 is 2.14%.

Which companies are considered key players in the Peanuts Market?

Key players in the Peanuts Market include Olam Group, Archer Daniels Midland Company, Bunge Limited, and others.

What are the main segments of the Peanuts Market by form?

The main segments by form include Raw, Roasted, Blanched, Powder, and Others, with valuations ranging from 10.0 to 35.0 USD Billion.

How does the Peanuts Market perform in terms of direct consumption and culinary purposes?

The segment for direct consumption and culinary purposes was valued between 20.0 and 25.0 USD Billion.

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