Global Peanuts Market – Overview
The Peanuts market is gaining popularity among various industries owing to its increasing application. Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently forecasted in its report on Global Peanuts Market Research Report- Forecast to 2023 that the market will demonstrate a remarkable growth during the forecast period.
Peanuts are enhanced with numerous nutritional benefits such as Vitamin E, Vitamin B2, essential minerals, and others. They are also high in antioxidants which adds to the health benefits obtained from peanuts, thereby fuelling the demand for the product. Peanuts are used in various industries and have multiple uses which is further driving the demand for the product.
Additionally, there is a huge demand for the product for culinary purpose owing to increasing awareness of benefits of peanuts. It has also been observed that the customers are more inclined towards various forms of peanuts available. The most common ways of using peanuts in India is in the form of oil and as roasted snack. Apart from satisfying hunger pangs, consumption of peanuts also makes the skin smooth, supple and younger looking which is adding fuel to the growth of peanut consumption. However, huge investment is required for peanut processing which may hinder the market growth.
Browse Full Report @ https://www.marketresearchfuture.com/reports/peanuts-market-3031
Latest Industry Updates
Dec 2017 John B. Sanfilippo & Son, Inc. acquired Squirrel Brand, L.P or $31.5 million. Squirrel Brand is one of the leading suppliers of premium roasted nuts and snack mixes under its Squirrel Brand and Southern Style Nuts brands. The acquisition of the Squirrel Brand business provides the company with an established customer base and branded product line which will help in business expansion.
Sept 2017 KP Nuts launched new “on the go”. The product is available in attractive new packaging in four flavors; Fruit and Nut Energy Mix, Orange Nut Fudge Energy Mix, classic flavors Dry Roasted, and Original Salted. The product launch is in line with company’s strategy to acknowledge changing consumer preferences and customize products accordingly.
May 2017 KP nuts launched two new products under “on the go” product range, namely fruit & nut energy mix and orange nut fudge energy mix. The company also expanded its core flavor range with new variants, Salted Caramel and Smokehouse BBQ. Through this product launch, the company aims to target younger, female demographic.
Jan 2017 Amsterdam Commodities N.V. (Acomo) acquired 100% share in nuts trader Delinuts, Netherland based company. The new subsidiary complements the existing activities of group companies in nuts and dried fruits.
Global Peanuts Market - Competitive Analysis
With the entry of industry players in the Peanuts market segment, a trend of solid, volume- driven growth has been observed in the market. Key players in the Peanuts market are focusing on expansions, acquisitions, mergers and new product launches. New product launch is the main focus of the competitors in order to expand their business and increase their market base. R&D and product innovations are driving the growth of the market. There is continuous efforts by the key players to innovate their product offerings in the market.
The key players profiled in Peanuts market are Olam International (Singapore), Kraft Foods Inc. (U.S.), Hampton Farms, Inc (U.S.), Star Snacks Co., LLC (U.S.), Virginia Diner (U.S.), Archer Daniels Midland (U.S.), Diamond Foods, Inc. (U.S.)
Global Peanuts Market – Segments
The global Peanuts market has been divided into type, form, distribution channel, and region.
On The Basis Of Form: Raw, Roasted, blanched, Powder, others
On The Basis Of Application: Direct consumption/Culinary purpose, Bakery and Confectionery, Peanut Butter and Spreads, Peanut Bars, Dairy Products, Oil Production, others
On the Basis of Distribution channel: Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, E-commerce, others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global Peanuts Market - Regional Analysis
The global Peanuts market is segmented into North America, Europe, APAC, and Rest of the World (RoW). APEJ is expected to be the fastest growing region over the forecasted period. Asia Pacific region has the major market share followed by North America. Changing life-style has led to adoption of healthy diet by consumers due to which Asia-Pacific is projected to generate a high revenue during the given forecast period.
The Major importers of peanuts include Netherlands, China, Vietnam, Indonesia and Germany. Based on the higher demand for food oils with high mono-unsaturated fatty acids, the import and export of peanuts in the developed countries is found to rise at a steady growth rate. Europe is likely to hold a significant Peanuts market share owing to the rise of aging population in this region.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Global Peanuts Market – OverviewThe Peanuts market is gaining popularity among various industries owing to its increasing application.
Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently forecasted in its report on Global Peanuts Market Research Report- Forecast to 2023 that the market will demonstrate a remarkable growth during the forecast period.Peanuts are enhanced with numerous nutritional benefits such as Vitamin E, Vitamin B2, essential minerals, and others.
They are also high in antioxidants which adds to the health benefits obtained from peanuts, thereby fuelling the demand Roasted Peanuts Market.
Apart from satisfying hunger pangs, consumption of peanuts also makes the skin smooth, supple and younger looking which is adding fuel to the growth of peanut consumption.
The acquisition of the Squirrel Brand business provides the company with an established customer base and branded product line which will help in business expansion.Sept 2017 KP Nuts launched new “on the go”.
The product is available in attractive new packaging in four flavors; Fruit and Nut Energy Mix, Orange Nut Fudge Energy Mix, classic flavors Dry Roasted, and Original Salted.
Market Highlights:Guar gum is a natural gum obtained from guar beans.
It is witnessing an increasing application scope in various industries such as food & beverages, personal care, pharmaceuticals, mining, oil & gas, feed, explosives and others.
It is a gluten-free product that is gaining demand in food and beverages industry as a natural additive to replace gluten-based products.Based on type, the global Guar Gum Market analysis has been segmented into food grade, industrial grade, and others.
Owing to the multifunctional properties of guar gum the thickening, gelling, and binding segments are all expected to gain significant share in the global market.Based on application, the Global Guar Gum Market has been segmented into food & beverages, pharmaceuticals, personal care, oil & gas, and others.
The food & beverages segment is further segregated into bakery & confectionary, dairy & frozen desserts, beverages, convenience food, and others.
The oil & gas segment is expected to garner the largest market share during the review period due to the multifunctional properties of guar gum such as gelling, friction reducing, and thickening.
Market forecast:Global Dried Fruits Market is estimated to be valued at USD 9,081.70 Million by 2026, registering a CAGR of 4.41% during the forecast period.
Growing health concerns and the shifting lifestyle of the consumers are the significant factors responsible for the growth of functional beverages, both in developed and developing economies.
Furthermore, dried fruits find application in various industries, including bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals, with bakery and confectionery being the largest application industry.The Rest of the World was the largest market for dried fruits in 2019, and the region is expected to continue the dominate the global dried fruits market during the review period.
Furthermore, the dominance of some of the key industries, such as beverages, bakery, confectionery, and sweet and savory snacks, is further anticipated to proliferate the market growth of the Rest of the World during the review period.Key Players of Dried Fruits MarketMarket Research Future recognizes National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Tarina Foods (US), Sunbeam Foods Pty Ltd (Australia), Dole Food Company Inc (US), Sun-Maid Growers of California (US), Lion Raisins Inc (US), Paradise Fruits (Germany), and Bergin Fruit and Nut Company Inc. (US) as the Key Players in the Global Dried Fruits Market.The global dried fruits market is expected to register a notable growth rate during the forecast period.
Furthermore, the growing application of dried fruits in various industries is supporting the growth of the global dried fruits market.
However, the organic segment is projected to be the fastest-growing segment during the forecast period.Based on application, the market has been segmented into bakery and confectionery, dairy and frozen desserts, breakfast cereals, beverages, sweet and savory snacks, and others.
Market HighlightsGlobal Dried Fruits Market is estimated to be valued at USD 9,081.70 Million by 2026, registering a CAGR of 4.41% during the forecast period.
Growing health concerns and shifting lifestyle of the consumers are the significant factors responsible for the growth of functional beverages, both in developed and developing economies.
Furthermore, dried fruits find application in various industries, including bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals, with bakery and confectionery being the largest application industry.The Rest of the World was the largest market for dried fruits in 2019, and the region is expected to continue the dominate the global dried fruits market during the review period.
Increasing demand for clean label products is creating profitable opportunities for the manufacturers.
However, agro-climatic conditions are expected to hinder the growth of the global dried fruits market.Key PlayersMarket Research Future recognizes National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Traina Foods (US), Sunbeam Foods Pty Ltd (Australia), Dole Food Company Inc (US), Sun-Maid Growers of California (US), Lion Raisins Inc (US), Paradise Fruits (Germany), and Bergin Fruit and Nut Company Inc. (US) as the Key Players in the Global Dried Fruits Market.Segmental AnalysisGlobal Dried Fruits Market has been segmented on the basis of Type, Category, Application, and Region.By type, the market has been divided into apricots, figs, dates, raisins, berries, and others.
However, the organic segment is projected to be the fastest-growing segment during the forecast period.Based on application, the market has been segmented into bakery and confectionery, dairy and frozen desserts, breakfast cereals, beverages, sweet and savory snacks, and others.
Cheese powder market place offers a variety of products such as blue cheese, German cheese, brie cheese, low-sodium cheese, mascarpone cheese, and smoked cheese that are booming in terms of sales in the food and beverage industry.
The company’s return on investment (ROI) is mainly focused on targeting popcorn consumption segment to enhance the sales for these organic cheese powders.
As of 2018, the global cheese powder market was evaluated to be $1.15 billion, and the opportunities are projected to grow at a CAGR of 9.8% during the forecast period 2019-2025.
Owing to an increase in the use of cheese powder in sweet & savory snacks, bakery & confectionery, beverages, and dairy & frozen desserts, demand for food items made with cheese powder is witnessing a rise.
Recently, cheese made from milk in Europe during springs in 2018, was exported to America in 2019 with an assurance of hormone-free and antibiotic-free, which positively increased the demand for cheese in the region.
Owing to this, the cheese powder market is expected to witness lucrative growth in the upcoming years.Moreover, consumption of junk and unhealthy food by people and adoption of technological advancements such as spray dry technique in the cheese industry in North America are burgeoning the cheese powder market.
