Peanuts Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Peanuts are widely used edible nuts. The peanut or groundnut is a species in the family Fabaceae (commonly known as the bean, pea or legume family). Rosales belongs, leguminous annual herb, stems erect or prostrate, 30-80 cm long, petals and keel separated from the pod 2-5 cm long, 1-1.3 cm wide, expansive, thick pods, flowers and fruits of 6 - 8 months.
In terms of peanuts production, China ranks first in the world. Meanwhile, China is also the largest consumer of peanuts with Nigeria being the world\'s third largest producer, after China and India. But most of peanuts in these three countries are supplied for domestic market.
Global production of peanut country probably more than 100, the most common in Asia, followed by Africa. But the state is not too much for commodity production, the major producers in China and India, the largest area under cultivation.
From a global perspective, the overall upward trend of peanut production in the past four years (2012-2016) global peanut production increased from 41311 K tons to 45032 K tons.
Currently, China, India and Nigeria are the world's three major peanut-producing countries. The planting area and output have maintained a leading position. In addition, the United States and Argentina as traditional peanut-producing countries, peanut output has increased greatly. Argentina is the only top four peanut one not having a relevant domestic market. About 70% of its production is for export. Now it has exceeded the other rivals to be the largest exporter.
Peanuts are high nutritional value of protein in plants. With the US, Europe, Japan and other countries off eating peanuts and other nuts food diet trend, consumption of peanut and its products increased year after year. Thus increasing future demand for peanuts, production and supply is bound to continue to grow.
With the enhancement of economic globalization and international trade activities, China peanut exports face more intense international competition, so the world's major exporter of peanuts, peanut industry's international competitiveness were analyzed and compared, peanut export States shall take appropriate measures, expand exports and increase export efficiency.
Peanuts contribute approximately 1.2% to the gross value of field crops. Peanuts can be consumed in an unprocessed state, but they also serve in the economy as raw materials for the manufacturing of various products. The production of peanuts is highly affected by the costs of production inputs as well as the demand for peanuts.
The Global Peanuts Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Peanuts Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
China
India
Nigeria
United States
Sudan
Tanzania
Argentina
Myanmar
Chad
Senegal
Indonesia
Cameroon
Mali
Vietnam
Ghana
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Ordinary
Waspish type
Multi-grain type
Pearl bean type
In Market segmentation by applications :
Food
Oil
Seed
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Peanuts Market for the forecast period 2023 - 2030?
• What are the driving forces in the Peanuts Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Peanuts industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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