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US Peanuts Market

ID: MRFR/FnB/17949-HCR
100 Pages
Garvit Vyas
October 2025

US Peanuts Market Research Report Information By Form(Raw, Roasted, Blanched, Powder, Others), By Application(Direct Consumption/Culinary Purpose, Bakery and Confectionery, Peanut Butter and Spreads, Peanut Bars, Dairy Products, Oil Production, Others), By Distribution Channel(Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, E-Commerce, Others), forecast by 2035

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US Peanuts Market Infographic
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US Peanuts Market Summary

As per MRFR analysis, the US peanuts market Size was estimated at 22.5 USD Billion in 2024. The US peanuts market is projected to grow from 22.88 USD Billion in 2025 to 27.0 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 1.67% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US peanuts market is experiencing a robust growth trajectory driven by health trends and innovative product offerings.

  • Health-conscious consumers increasingly favor peanuts as a nutritious snack option, contributing to market expansion.
  • Sustainable farming practices are gaining traction, appealing to environmentally aware consumers and enhancing brand loyalty.
  • Innovations in peanut processing technologies are diversifying product offerings, particularly in the snack food segment.
  • Rising demand for plant-based proteins and increased awareness of nutritional benefits are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 22.5 (USD Billion)
2035 Market Size 27.0 (USD Billion)
CAGR (2025 - 2035) 1.67%

Major Players

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

US Peanuts Market Trends

The peanuts market in the United States 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, consumers are gravitating towards products that offer protein, healthy fats, and essential vitamins. This shift is reflected in the rising popularity of peanut-based snacks, which are perceived as convenient and nutritious alternatives to traditional snack foods. Additionally, the trend towards plant-based diets is likely to further bolster the appeal of peanuts, as they are a versatile ingredient that can be incorporated into various culinary applications. Moreover, sustainability concerns are becoming increasingly prominent within the peanuts market. Producers are exploring innovative agricultural practices aimed at reducing environmental impact while maintaining yield. This includes the adoption of precision farming techniques and organic cultivation methods. As consumers become more environmentally conscious, they may favor products that are marketed as sustainably sourced. Overall, the current landscape of the peanuts market suggests a promising future, driven by health trends and sustainability initiatives that align with consumer values.

Health-Conscious Snacking

The trend towards health-conscious eating is reshaping the peanuts market. Consumers are increasingly seeking snacks that provide nutritional benefits, leading to a surge in demand for peanut-based products. These items are often rich in protein and healthy fats, appealing to those looking for wholesome alternatives to conventional snacks.

Sustainable Farming Practices

Sustainability is gaining traction within the peanuts market as producers adopt eco-friendly farming methods. This shift includes the use of organic practices and precision agriculture, aimed at minimizing environmental impact. As consumers prioritize sustainability, products that emphasize responsible sourcing may see increased interest.

Diverse Product Innovations

Innovation is a key driver in the peanuts market, with manufacturers introducing a variety of new products. From flavored peanut snacks to peanut butter alternatives, the market is diversifying to cater to changing consumer tastes. This trend reflects a broader movement towards unique and convenient food options.

US Peanuts Market Drivers

Growing Export Opportunities

The peanuts market is witnessing an increase in export opportunities, which is contributing to its growth. The US is one of the leading producers of peanuts, and the demand for American peanuts is rising in international markets. In 2025, peanut exports are projected to reach approximately $1 billion, driven by the popularity of peanut butter and other peanut products abroad. This trend indicates that the peanuts market is not only focused on domestic consumption but is also expanding its reach globally, potentially leading to increased production and innovation within the sector.

Expansion of Snack Food Segment

The snack food segment is experiencing robust growth, which is positively impacting the peanuts market. In 2025, the snack food industry in the US is expected to surpass $100 billion, with peanuts being a key ingredient in various snack products. The convenience and portability of peanut snacks appeal to busy consumers seeking quick and healthy options. Additionally, the rise of gourmet and artisanal snacks has led to an increase in demand for premium peanut products. This trend suggests that the peanuts market will continue to thrive as companies develop new and exciting peanut-based snacks to meet consumer preferences.

Rising Demand for Plant-Based Proteins

The increasing consumer preference for plant-based diets is driving growth in the peanuts market. As more individuals seek alternatives to animal proteins, peanuts are emerging as a popular choice due to their high protein content and versatility. In 2025, the market for plant-based proteins is projected to reach approximately $10 billion in the US, with peanuts playing a significant role in this expansion. This trend is likely to continue as health-conscious consumers prioritize nutritious and sustainable food options. The peanuts market is thus positioned to benefit from this shift, as manufacturers innovate to create peanut-based products that cater to this growing demographic.

Increased Awareness of Nutritional Benefits

There is a growing awareness among consumers regarding the nutritional benefits of peanuts, which is driving demand in the peanuts market. Peanuts are rich in essential nutrients, including protein, healthy fats, and vitamins, making them an attractive option for health-conscious individuals. Recent studies indicate that regular consumption of peanuts may reduce the risk of heart disease and support weight management. As consumers become more informed about the health advantages of peanuts, the peanuts market is likely to see an uptick in sales, particularly in health-focused retail channels and online platforms.

Innovations in Peanut Processing Technologies

Advancements in peanut processing technologies are transforming the peanuts market. Innovative methods are being developed to enhance the flavor, texture, and shelf-life of peanut products, making them more appealing to consumers. For instance, new roasting techniques and flavor infusions are being utilized to create unique peanut snacks that cater to diverse taste preferences. This technological evolution is expected to drive growth in the peanuts market, as manufacturers leverage these innovations to differentiate their products and capture a larger share of the competitive snack market.

Market Segment Insights

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

In the US peanuts market, the distribution of market share among the various forms highlights the dominance of roasted peanuts, which capture a significant portion of consumer preferences due to their flavor and versatility. Raw and blanched forms also hold notable shares but are less favored in retail settings compared to roasted. Powdered peanuts and others, while smaller in terms of share, are beginning to gain traction as consumers increasingly seek innovative peanut-based products. Growth trends in the form segment are being driven by evolving consumer preferences towards healthy and convenient snack options. The rise in demand for roasted peanuts, coupled with the increasing popularity of peanut powder in health food circles, reflects a broader trend towards functional foods. Factors such as convenience, taste, and health benefits will continue to guide market dynamics, enhancing the market presence of emerging forms like powdered peanuts.

Roasted (Dominant) vs. Powder (Emerging)

Roasted peanuts remain the dominant segment within the US peanuts market, characterized by their appealing flavor profile and widespread acceptance among consumers for snacking purposes. Their rich taste and crunch are key drivers of their market position. On the other hand, powdered peanuts are emerging as a popular alternative, favored for their versatility in cooking and dietary applications. With an increasing number of health-conscious consumers, powdered peanuts are being incorporated into smoothies, protein supplements, and baking, positioning them for significant growth. As these two segments evolve, roasted peanuts will continue to resist competition due to established preferences, while powdered varieties gain market presence through innovative product development.

By Application: Peanut Butter and Spreads (Largest) vs. Bakery and Confectionery (Fastest-Growing)

In the US peanuts market, the application segment is diverse, comprising several key values such as Direct Consumption, Bakery and Confectionery, Peanut Butter and Spreads, Peanut Bars, Dairy Products, Oil Production, and Others. Among these, Peanut Butter and Spreads holds the largest market share, driven by its popularity as a staple in households and its versatility in recipes. Bakery and Confectionery, on the other hand, is quickly gaining traction, appealing to consumers seeking creative snacks and indulgent treats. Growth trends within this segment reveal a significant shift towards health-conscious options, with increased demand for natural and organic peanut products. The rise of vegan and plant-based diets has also boosted the appeal of peanut butter as a protein-rich alternative. Innovations in flavor and packaging, along with strong marketing strategies, are propelling the growth of Bakery and Confectionery as it captivates both young and health-oriented consumers.

Peanut Butter and Spreads (Dominant) vs. Bakery and Confectionery (Emerging)

Peanut Butter and Spreads remains the dominant player within the application segment, renowned for its rich, creamy texture and significant nutritional benefits, such as protein and healthy fats. It is widely used in direct consumption applications and as an ingredient in various culinary creations. In contrast, Bakery and Confectionery is an emerging force, appealing to modern consumer palates with innovative products that incorporate peanuts in exciting ways – from peanut-infused sweets to gourmet snacks. This segment is characterized by its ability to adapt to changing consumer trends, making it a vital part of the growth narrative in the US peanuts market, as it continually integrates new flavors and textures to attract diverse consumer demographics.

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

In the US peanuts market, Hypermarkets and Supermarkets dominate the distribution channels, accounting for a significant share of overall sales. These large retail formats provide consumers with convenience and a wide range of peanut products, contributing to their prevalence in the marketplace. On the other hand, E-Commerce has rapidly gained traction, driven by changing consumer shopping preferences and the convenience of online purchasing. This channel is attracting a growing number of health-conscious consumers looking for niche peanut products that may not be available in traditional stores. The growth trends in the distribution channel segment are influenced by various factors, including the rise of online shopping and an increasing emphasis on convenience. Specialty Stores are also seeing an increase in popularity as consumers seek unique and premium peanut offerings. As more consumers turn to E-Commerce for their shopping needs, this segment is projected to continue its upward trajectory, making it a crucial channel for brands targeting specific consumer niches and preferences.

Hypermarkets and Supermarkets (Dominant) vs. E-Commerce (Emerging)

Hypermarkets and Supermarkets represent the dominant distribution channel in the US peanuts market, providing a vast array of peanut products under one roof. Their large-scale operation and accessibility allow them to cater to a diverse customer base, ensuring they maintain a significant market presence. These stores typically offer competitive pricing, promotions, and bulk purchasing options which attract consumers looking for value. In contrast, E-Commerce is emerging as a powerful channel, especially among younger, tech-savvy consumers. Its rapid expansion is fueled by the convenience of home delivery and the ability to access specialized products not typically found in physical stores. As digital shopping continues to evolve, brands engaged in the US peanuts market must adapt strategies that harness both of these distribution modalities to optimize reach and customer engagement.

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Key Players and Competitive Insights

The competitive dynamics within the peanuts market are characterized by a blend of innovation and strategic partnerships, with a focus on sustainability.. Key players such as Archer Daniels Midland Company (US), Cargill, Incorporated (US), and Olam International (SG) are actively shaping the landscape through various operational strategies. Archer Daniels Midland Company (US) emphasizes its commitment to sustainability, aiming to reduce its carbon footprint by 30% by 2030, which aligns with growing consumer demand for environmentally friendly products. Meanwhile, Cargill, Incorporated (US) has been focusing on digital transformation, enhancing its supply chain efficiency through advanced analytics and AI technologies, thereby improving product traceability and quality assurance. Olam International (SG) appears to be leveraging its The peanuts market share in the US, particularly through strategic acquisitions and partnerships that enhance its distribution capabilities.

The business tactics employed by these companies reflect a concerted effort to localize manufacturing and optimize supply chains. The market structure is moderately fragmented, with several players vying for market share, yet the influence of major companies is palpable. This competitive environment fosters innovation and drives companies to adopt more efficient practices, ultimately benefiting consumers through improved product offerings and pricing strategies.

In August 2025, Cargill, Incorporated (US) announced a partnership with a leading tech firm to develop a blockchain-based supply chain solution aimed at enhancing transparency and efficiency in peanut sourcing. This strategic move is significant as it not only positions Cargill at the forefront of technological integration in the agricultural sector but also addresses increasing consumer demand for traceability in food products. The implications of this partnership could lead to a more resilient supply chain, potentially reducing costs and improving product quality.

In September 2025, Archer Daniels Midland Company (US) launched a new line of organic peanut products, responding to the rising consumer trend towards healthier and organic food options. This initiative underscores the company's strategic focus on innovation and market responsiveness, which may enhance its competitive edge in a market that is increasingly leaning towards health-conscious products. The introduction of these products could attract a new customer base, thereby expanding its market presence.

In October 2025, Olam International (SG) completed the acquisition of a regional peanut processing facility in the US, which is expected to bolster its production capacity and streamline its operations. This acquisition is indicative of Olam's strategy to enhance its operational efficiency and market reach, allowing it to better serve its customers and respond to market demands. The integration of this facility may also lead to improved economies of scale, further solidifying Olam's position in the market.

As of November 2025, the competitive trends in the peanuts market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate to enhance their competitive positioning. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is evident. Moving forward, companies that prioritize these aspects are likely to differentiate themselves in a crowded marketplace, ultimately leading to a more sustainable and resilient industry.

Key Companies in the US Peanuts Market market include

Future Outlook

US Peanuts Market Future Outlook

The Peanuts Market is projected to grow at 1.67% CAGR from 2024 to 2035, driven by increasing health awareness, demand for plant-based proteins, and innovative product development.

New opportunities lie in:

  • Expansion of organic peanut product lines to meet consumer demand.
  • Development of 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 a robust position, driven by innovation and sustainability.

Market Segmentation

US Peanuts Market Form Outlook

  • Raw
  • Roasted
  • Blanched
  • Powder
  • Others

US Peanuts Market Application Outlook

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

US Peanuts Market Distribution Channel Outlook

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

Report Scope

MARKET SIZE 2024 22.5(USD Billion)
MARKET SIZE 2025 22.88(USD Billion)
MARKET SIZE 2035 27.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 1.67% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Archer Daniels Midland Company (US), Bunge Limited (US), Olam International (SG), Cargill, Incorporated (US), Golden Peanut and Tree Nuts, LLC (US), Sunland, Inc. (US), Horizon Ag (US), Agro Products and Agencies (IN)
Segments Covered Form, Application, Distribution Channel
Key Market Opportunities Growing demand for plant-based protein sources enhances opportunities in the peanuts market.
Key Market Dynamics Rising consumer demand for healthy snacks drives innovation and competition in the peanuts market.
Countries Covered US

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FAQs

What is the expected market size of the US Peanuts Market in 2024?

The US Peanuts Market is expected to be valued at 22.6 billion USD in 2024.

What is the predicted market size of the US Peanuts Market by 2035?

By 2035, the US Peanuts Market is anticipated to reach a value of 28.53 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Peanuts Market from 2025 to 2035?

The expected CAGR for the US Peanuts Market from 2025 to 2035 is 2.141%.

What are the market values for raw peanuts in 2024 and 2035?

The market value for raw peanuts is projected to be 4.5 billion USD in 2024 and 5.8 billion USD in 2035.

What are the market values for roasted peanuts in 2024 and 2035?

Roasted peanuts are expected to hold a market value of 8.2 billion USD in 2024, increasing to 10.4 billion USD by 2035.

Who are the key players in the US Peanuts Market?

Major players in the US Peanuts Market include Sun Valley Rice, Birdsong Peanuts, and J.M. Smucker Company among others.

What are the market values for blanched peanuts in 2024 and 2035?

The market for blanched peanuts is valued at 3.5 billion USD in 2024 and is expected to grow to 4.5 billion USD by 2035.

What are the market values for peanut powder in 2024 and 2035?

Peanut powder is expected to have a market size of 2.1 billion USD in 2024 and 2.7 billion USD in 2035.

What is the current market situation regarding competition in the US Peanuts Market?

The US Peanuts Market faces significant competition and encompasses established players along with emerging companies driving innovation.

What are some key growth drivers in the US Peanuts Market?

Key growth drivers in the US Peanuts Market include the rising demand for various peanut forms and health-conscious consumer trends.

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