Peanuts are oval-molded nuts, which are sold in the market in the form of pulses and oilseed. Peanuts are utilized in the food & beverages industry as oil, flour, snacks, and nutty spread. Peanut is a potential harvest utilized for the manufacturing of peanut oil, spreads, and is frequently utilized for culinary proposes. It acts as a rich source of poly unsaturated fats and dietary proteins, and has a wide application in food ventures due to the medical advantages it exhibits.
The key players of this market segment are Olam International, Kraft Foods Inc., Hampton Farms, Inc., Star Snacks Co., LLC, Virginia Diner, Archer Daniels Midland, and Diamond Foods, Inc.
COVID-19 Scenario Analysis
- Owing to the outbreak of the COVID-19 pandemic, prices of most agricultural goods such as rice and oranges have doubled. However, the prices of peanuts have been impacted. Moreover, increase in demand has been witnessed for the export of peanuts by China and other countries, due to low supply activities from the U.S.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
New Product Launches to Flourish the Market
KP nuts propelled two new items under "on the go" range of product, to be specific fruit & nut energy blend and orange nut fudge energy blend. The organization likewise extended its center flavor run with new variations, Salted Caramel and Smokehouse BBQ. This product launch of the company plans to target more youthful, female segment.
Jan 2017 Amsterdam Commodities N.V. (Acomo) obtained 100% offer in nuts share in Nut trader Delinuts, Netherland based organization. The new auxiliary supplements the current exercises of gathering organizations in nuts and dried natural products.
Usage and Industrial Applications
- The Peanuts Market far and wide has been seeing a noteworthy boom in the previous few decades due to the rise in prevalence of nutty spread and groundnut oil. Studies have been conducted in nutrition that states that the regular consumption of peanuts can really be advantageous to wellbeing. Studies have demonstrated that utilization of modest quantities of peanuts all the time can prompt diminished danger of cancer growth, diabetes, and heart illness. Standard utilization of peanuts can secure individuals against breast esophageal, colorectal, and pancreatic cancers.
Key Benefits of the Report
- This study presents the analytical depiction of the peanuts market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of peanuts market share.
- The current market is quantitatively analyzed to highlight the global peanuts market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global peanuts market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Peanuts Market Research Report
- Which are the leading players active in the peanuts market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
Peanuts Market Report Highlights
By Industry Vertical
Key Market Players
K Olam International, Virginia Diner, Star Snacks Co., LLC, Kraft Foods Inc., Diamond Foods, Inc., Archer Daniels Midland, Hampton Farms, Inc.