The Global Peanut Ingredients Market is expected to gain impetus from their increasing need in various industrial applications, such as varnish, lubricating oil, paint, and animal feed. Fortune Business Insights™ presented this information in an upcoming report, titled, “Peanut Ingredients Market Size, Share & Industry Analysis, By Type (Oil, Flour, Butter, Powder), By Application (Food and Beverage [Bakery, Savory Snacks, Confectionery, Dairy] Animal Feed) and Regional Forecast, 2020-2027.” The report further mentions that peanut ingredients possess numerous nutrients, such as potassium, iron, and zinc. They are also sometimes used as dairy-alternatives in the forms of oil, butter, and flour.
Get Sample PDF Brochure with Impact of COVID19:
The outbreak of the COVID-19 pandemic has taken a huge toll on the global economy. Many industries have shut down their production processes because of disruptions in supply chains and reduction in workforce. We are providing in-depth research reports that would help you in regaining business confidence by adopting several strategies.
Drivers & Restraints-
Increasing Demand for Ready-to-eat Snacks to Bolster Growth:-
The high demand for ready-to-eat snacks among people across the globe is set to be a vital peanut ingredients market growth driver. Peanut flour plays an important role in baking and cooking because of its comparatively high in protein content, unlike other grain flours. Besides, peanut ingredients are considered to be plant-based products.
The increasing adoption of vegan diets is causing people to shift rapidly towards peanuts. Some of them are also replacing conventional milk with soymilk, almond milk, and peanut milk. Also, the rising awareness of the benefits of using animal cruelty-free products is likely to aid growth. However, various ailments, such as high blood pressure and obesity associated with the consumption of peanut ingredients may hinder growth.
Inquire Before Buying This Research Report:
A List Of All The Renowned Peanut Ingredients Manufacturing Companies In The Global Market:
- Olam International Limited
- The Kraft Heinz Company
- Archer Daniels Midland Company
- Cargill, Incorporated
- Hampton Farms, Inc.
- Virginia Diner
- Star Snacks Co., LLC
- Noomi LLC
- Ruparel Foods Pvt. Ltd.
- Whitley’s Peanut Factory
- Other key market players
Asia Pacific to Dominate Stoked by Rising Working and Millennial Population:-
Asia Pacific is anticipated to hold the largest peanut ingredients market share in the coming years on account of the increasing millennials and working population in the region. India and China are considered to be the major producers and consumers of peanuts globally. Peanut ingredients are also being used in making cookies and chocolates in the region.
North America, on the other hand, is likely to grow significantly because of the high demand for convenience foods. At the same time, the increasing consumption of these products in the forms of peanut butter, candies, and cookies in the U.S. would propel growth. Lastly, Europe is estimated to grow substantially backed by the rising consumption of peanut butter in the region.
Browse Detailed Summary of Research Report With TOC:
How Did We Conduct Our Research?
The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the market size.
Have a Look at Related News:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]