Peanut Meal Market Size By Type (Primary Meal,Secondary Meal), By Product (Feed,Sauce,Protein Beverage,Fermented Foods,Enriched Food), Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2031

In the "Peanut Meal market", the main focus is on keeping costs low and getting the most out of resources. Market research provides details on what people want (demand) and what's available (supply). This market is expected to grow by 6.4%% each year, from 2024 to 2031.

Peanut Meal Market Outlook

Peanut meal is a byproduct of peanut oil extraction, consisting primarily of ground remains of peanuts after the oil is removed. Rich in proteins and essential fatty acids, it serves as a valuable ingredient in animal feed, particularly for poultry and livestock, and is also utilized in the food industry as a protein supplement.

The Peanut Meal Market is poised for significant growth, expected to expand at a CAGR of % during the forecast period from 2024 to 2031. Several factors contribute to this positive outlook, including rising demand for protein-rich animal feed, increasing adoption of sustainable agricultural practices, and growing awareness about the nutritional benefits of peanut meal.

Current trends indicate an increased focus on organic and non-GMO products, as consumers seek healthier options. Additionally, innovations in processing technologies are enhancing the quality and applications of peanut meal, making it more appealing for both animal and human consumption.

Overall, the peanut meal market is anticipated to flourish, driven by advancements in agricultural practices and changing dietary preferences, positioning it as a vital player in the broader agricultural and food sectors.

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Peanut Meal Market Segmentation

The Peanut Meal Market Analysis by types is segmented into:

• Primary Meal
• Secondary Meal

The peanut meal market is divided into primary and secondary meal types based on their processing and application. Primary meal refers to the first extraction of oil from peanuts, resulting in high-protein, low-fat meal used mainly in animal feed and aquaculture. Secondary meal, produced from further processing or extraction, has lower protein content and is often used as a less expensive alternative. Both meal types serve distinct markets in livestock nutrition, food production, and agricultural sectors.

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The Peanut Meal Market Industry Research by Application is segmented into:

• Feed
• Sauce
• Protein Beverage
• Fermented Foods
• Enriched Food

Peanut meal, a byproduct of peanut oil extraction, is increasingly utilized in various applications due to its high protein content and nutritional benefits. In animal feed, it serves as a cost-effective protein source for livestock. The food industry incorporates peanut meal into sauces for flavor enhancement, as well as in protein beverages for nutritional supplementation. Additionally, it is used in fermented foods for developing unique textures and flavors, while enriched foods benefit from its nutritional profile, boosting overall dietary value.

Geographical Regional Spread of Peanut Meal Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The peanut meal market is influenced by a variety of factors, including regional agricultural practices, demand for protein feeds, food industry trends, and economic conditions. Here’s a breakdown of the peanut meal market's regional analysis.

### 1. North America

#### a. United States

- The . is the largest producer of peanuts, primarily located in states like Georgia, Texas, and Alabama.

- Peanut meal is a byproduct of oil extraction from peanuts and is largely used as livestock feed, particularly for poultry and swine.

- There is increasing interest in plant-based proteins and sustainable feed alternatives.

#### b. Canada

- Peanut consumption is lower in Canada compared to the U.S., but interest in alternative protein sources is rising.

- The market is relatively small, with limited peanut meal production primarily linked to importation from the U.S.

### 2. Europe

#### a. Germany

- Germany is a significant consumer of plant-based meals, including peanut meal, due to its strong livestock sector.

- The trend towards sustainable agriculture and organic farming boosts demand for alternative feeds.

#### b. France, U.K., Italy, Russia

- France has a growing demand for animal feed, with peanut meal seen as a supplement for high-protein diets in livestock.

- The U.K. and Italy show increasing interest in sourcing sustainable plant protein, especially for poultry and aquaculture.

- Russia is expanding its agriculture sector, and while interest in peanut meal is growing, reliance on traditional feeds remains dominant.

### 3. Asia-Pacific

#### a. China

- China is a significant market for peanut meal, utilizing it extensively in animal feeds.

- The country's rising meat consumption drives demand for protein-rich feedstock.

#### b. Japan and South Korea

- Japan's market for peanut meal is smaller; however, it is often used in specialized feeds for aquaculture.

- South Korea shows a robust demand for peanut meal in pig farming and as a supplemental feed.

#### c. India and Indonesia

- India is observing increasing use of peanut meal for groundnut cultivation, with considerable demand for livestock feed.

- Indonesia also utilizes peanut meal, with its growing livestock industry requiring more protein feed.

#### d. Thailand and Malaysia

- Thailand’s livestock sector significantly incorporates peanut meal, especially for poultry, whereas Malaysia’s market is primarily driven by palm oil feed formulations.

### 4. Latin America

#### a. Mexico

- Mexico's livestock sector is evolving, with peanut meal becoming a more common feed ingredient.

- The demand for alternative proteins is rising amid increasing meat consumption.

#### b. Brazil and Argentina

- Brazil and Argentina are major agricultural producers, with peanut meal gaining traction as a competitive feed option.

- Both countries are focusing on diversifying their protein sources to enhance animal nutrition.

#### c. Colombia

- Colombia has seen a gradual increase in the demand for peanut meal related to its growing agriculture and livestock industry.

### 5. Middle East & Africa

#### a. Turkey

- Turkey’s livestock population is on the rise, leading to increased utilization of alternative protein sources including peanut meal in animal feeds.

#### b. Saudi Arabia and UAE

- Both countries are boosting their agricultural sectors, with a need for more sustainable and diverse feed solutions. Peanut meal may play a role in this transition.

#### c. General Africa

- Peanut production is traditional in many African countries; meal from peanuts is leveraged as a feed in both livestock and aquaculture sectors.

- The markets vary significantly by region due to varying levels of economic development and agriculture practices.

### Conclusion

Overall, the peanut meal market is characterized by a regional mosaic of demand driven by agricultural practices, livestock needs, and trends towards sustainable and alternative protein sources. The dynamics in each region reflect local agricultural conditions, dietary preferences, and the growing awareness of nutrition in animal feed.

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Primary Catalysts and Hindrances of the Peanut Meal Market

Key drivers propelling the Peanut Meal Market include the rise in plant-based protein consumption, increasing demand for animal feed, and health-conscious consumer trends. Innovations like advanced extraction techniques improve nutritional quality, while sustainable farming practices enhance yield efficiency. To overcome challenges such as volatile peanut prices and allergen concerns, the industry can adopt blockchain technology for supply chain transparency and invest in education to promote peanut meal's nutritional benefits. Additionally, partnerships with food manufacturers can diversify applications, ensuring a broader market reach and robust growth in this sector.

Peanut Meal Major Market Players 

• Luhua
• Yihaikerry
• Cofco
• Chia Tai Group
• Cargill
• Longda
• Jiusan Group
• Wilmar International
• Xiwang Foodstuffs
• Aiju
• Nwdf
• Hbgo
• Bunge
• Bgg
• Sinograin
• Sanxing Group
• Herun Group
• Adm
• Lam Soon
• Yingma
• Jinsheng Group
• Changsheng Group

The peanut meal market is characterized by competition among several key players, including Luhua, Cofco, Cargill, and Jiusan Group, among others. These companies are striving to enhance their market presence and capitalize on the growing demand for plant-based protein sources.

**Luhua** has been a prominent player in the peanut processing industry and has shown consistent growth in the peanut meal segment due to its extensive supply chain and focus on product quality. The company is leveraging technological advancements to improve extraction processes, which contributes to higher protein content in their offerings.

**Cargill** holds a significant share in the global peanut meal market, bolstered by its diversified portfolio and strong distribution networks. The company's commitment to sustainability and innovation aligns with current market trends, as consumers shift towards eco-friendly products. Cargill reported robust revenue figures exceeding $134 billion in 2022, reflecting its strength in agricultural commodities.

**Jiusan Group** is one of the leading enterprises in China, focusing heavily on peanut processing. Their strategic initiatives to expand production capacity and diversify product lines have positioned them well in the market, with particular emphasis on higher-value peanut meal products.

**Wilmar International** is another major player, benefiting from its integrated supply chain that spans across the entire agricultural value chain. Its focus on product innovation and sustainability practices has allowed it to capture significant market share.

Current trends in the peanut meal market indicate a growing demand for plant-based proteins, driven by health-conscious consumers and increasing vegetarianism. As of 2023, the peanut meal market is estimated to grow at a CAGR of % through 2030, reaching approximately $1.5 billion in size.

In summary, companies like Cargill, Wilmar, and Luhua are leveraging strategic initiatives and sustainable practices to drive growth in the competitive peanut meal market, with sales revenues in the billions, indicative of strong market positioning and potential for expansion.

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Peanut Meal Market Growth Prospects and Future Outlook

The global Peanut Meal market is poised for robust growth, driven by rising demand for plant-based protein and increased awareness of sustainable agriculture. The market is expected to exhibit a Compound Annual Growth Rate (CAGR) of around 5-7% between 2024 and 2030, potentially reaching a market size of approximately $8 billion by 2030.

Innovative growth drivers include advancements in processing technologies and the development of fortified peanut meal products that enhance nutritional value and reduce anti-nutritional factors. Market entry strategies may involve targeting emerging markets in Asia and Africa, where there is a growing emphasis on animal feed and sustainable food sources.

Demographically, health-conscious consumers and environmentally aware millennials are key segments, influencing purchasing decisions towards plant-based proteins. Factors such as affordability, nutritional benefits, and product versatility in food and animal feed are pivotal.

Potential market disruptions could arise from global supply chain fluctuations, changing dietary preferences, and regulatory changes affecting food production. As the market evolves, companies that adapt swiftly to consumer demands for clean-label and sustainable products are likely to gain a competitive edge.

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