Peanut Meal Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Peanut Meal Market Analysis
The market for peanut meal is estimated to witness a CAGR of 4.5% in the forecast period.
The growing demand for meat and aquaculture products is the major driving force behind the growth of the peanut meal feed market. Increased awareness regarding quality meat and milk products and increased livestock production are two other factors augmenting the growth of the market studied. Peanut meal being a by-product of peanut productipon, the widespread production and consumption of peanut, also acts as a driver for peanut meal production, which in turn facilitates the growth of the market.
Peanut Meal Market Trends
This section covers the major market trends shaping the Peanut Meal Market according to our research experts:
Growing Demand for Meat and Aquaculture Products is Driving the Market
The worldwide economic downturn has had a very limited effect on the global meat market, which has maintained its positive outlook. The highest growth of meat consumption is expected from the Asia-Pacific and South American regions because of changing diet patterns, urbanization, population, and economic growth. For example, the Chinese demand for meat continues to surpass the domestic supply, according to report by Agriculture and Agri-food Canada. Fish are low in fats, cholesterol, and carbohydrates. Although not very high in protein, fish also provide essential vitamins and amino acids. The demand for seafood is increasing rapidly as more and more people are becoming aware of the health benefits of fish consumption. Globally increasing population trends are also supporting the growth of the world meat and seafood market. Increasing life expectancy and limited availability of land and water resources for animal feed production, and increasing use of these resources for food and ethanol production are increasing the demand for animal feed in the global meat industry. The growing demand for meat and seafood is inturn likely to boost the peanut meal market as it would ensure that there is a steady demand for animal feed that includes peanut meal, in the coming years.
North America Leads the Peanut Meal Market
North America accounts for the majority of share of the peanut meal market. The market in this region is characterized by the rising demand and consumption of nutmeals and high disposable incomes of the consumers allowing them to incorporate a good high-protein diet, with a high meat consumption. This increased demand for meat protein has triggered meat production in the region, especially in the countries of United States, Mexico,and Canada, where the uptake of peanut meal as feed has increased and is expected to show a healthy growth rate. Apart from improving nutritional value peanut meal feed is gaining importance for their role in meat quality improvement.
Peanut Meal Industry Overview
The global peanut meal market is fragmented among small regional players and the top international companies occupy only a limited market share. The leading companies are focussed on acquiring feed mills and small manufacturing for expansion of the business in local as well as foreign markets. Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies are also focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants. For instance, in 2019, Singapore-based Wilmar International built new plants as part of a project to construct integrated manufacturing complexes in China, in order to take advantage of the rising swine fever issues in the country and expanding its business.
Peanut Meal Market Leaders
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Cargill, Incorporated
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Bunge Limited
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Wilmar International Ltd.
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Chia Tai Group
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COFCO Group
*Disclaimer: Major Players sorted in no particular order
Peanut Meal Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porte'rs Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Animal Type
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5.1.1 Ruminants
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5.1.2 Poultry
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5.1.3 Swine
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5.1.4 Aquaculture
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Germany
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5.2.2.2 United Kingdom
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5.2.2.3 France
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5.2.2.4 Russia
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5.2.2.5 Spain
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5.2.2.6 Rest of Europe
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5.2.3 Asia-Pacific
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5.2.3.1 India
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5.2.3.2 China
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5.2.3.3 Japan
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5.2.3.4 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Africa
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5.2.5.1 South Africa
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5.2.5.2 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Wilmar International Ltd
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6.3.2 Xiwang Foodstuffs Co Ltd
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6.3.3 Cargill, Incorporated
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6.3.4 Jiusan Group Food Marketing Co., Ltd.
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6.3.5 Bunge Limited
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6.3.6 Chia Tai Group
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6.3.7 COFCO Group
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Peanut Meal Industry Segmentation
Peanut meal is the product that remains after the extraction of oil from peanuts. In some countries, it is called groundnut meal. Peanut meal is high in vegetable protein (40-50%) and produced through a solvent extraction process with carefully controlled processing conditions. The extracted flakes are dried to eliminate the solvent, toasted, and then milled to a finely ground material. It is a highly palatable source of nutrition in animal feed for beef cattle, poultry and aquaculture rations. Peanut meal is an excellent source of protein, minerals and energy.
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| Poultry | |
| Swine | |
| Aquaculture |
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Peanut Meal Market Research FAQs
What is the current Global Peanut Meal Market size?
The Global Peanut Meal Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Global Peanut Meal Market?
Cargill, Incorporated, Bunge Limited, Wilmar International Ltd., Chia Tai Group and COFCO Group are the major companies operating in the Global Peanut Meal Market.
Which is the fastest growing region in Global Peanut Meal Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Peanut Meal Market?
In 2024, the North America accounts for the largest market share in Global Peanut Meal Market.
What years does this Global Peanut Meal Market cover?
The report covers the Global Peanut Meal Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Peanut Meal Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Peanut Meal Industry Report
Statistics for the 2024 Peanut Meal market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Peanut Meal analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
