| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 93.70 Billion |
| Market Size (2030) | USD 111.28 Billion |
| CAGR (2025 - 2030) | 3.50 % |
| 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 Global Peanut Meal Market size is estimated at USD 93.70 billion in 2025, and is expected to reach USD 111.28 billion by 2030, at a CAGR of 3.5% during the forecast period (2025-2030).
In developing countries where meat is scarce and expensive, peanut proteins serve as a valuable substitute for animal proteins. The Protein Digestibility Corrected Amino Acid Score (PDCAAS) indicates that peanut proteins are nutritionally comparable to meat and eggs. The peanut meal market is anticipated to grow due to several factors, including an increase in global meat consumption, rising demand for animal protein, growing livestock production, and an increasing focus on animal health and nutrition.
The global consumption of meat has been steadily increasing, driven by factors such as population growth, urbanization, demographic shifts, rising incomes, price fluctuations, and environmental and health considerations. These factors contribute to the growing demand for animal protein sources, including meat, fish, and eggs, which in turn boosts the demand for peanut meal. According to the Food and Agriculture Organization, in 2023, poultry meat was the most consumed type of meat globally, with 139.7 million metric tons consumed worldwide. Pork ranked second with 122.0 million metric tons, followed by beef and veal at 71.9 million metric tons.
The increasing livestock production drives demand for high-protein feed sources such as peanut meal. Peanut meal, containing 48-50% vegetable protein, is produced through solvent extraction under controlled conditions. The process involves drying, toasting, and milling the extracted flakes into a fine material. This highly palatable feed ingredient is used in rations for beef cattle, poultry, and aquaculture, providing protein, minerals, and energy. According to the Food and Agriculture Organization, global sheep meat production rose from 16.2 million metric tons in 2022 to 16.65 million metric tons in 2023. This growth in livestock production has increased demand for compound feed, which is projected to boost peanut meal sales in the market.
Peanut Meal Market Trends
Increasing Global Meat Consumption and Demand for Animal Protein
Global meat consumption continues to rise, driven by factors including population growth, urbanization, demographic shifts, increasing incomes, price fluctuations, and environmental and health considerations. This trend is boosting demand for high-quality animal feed ingredients, including peanut meal, which provides a nutritious and palatable feed option. According to the Food and Agriculture Organization (FAO), meat consumption in Europe varies significantly across countries. In 2023, Poland led with 57.4 kilograms per capita, followed by the Netherlands (49.6 kg), Spain (49.2 kg), and Germany (49 kg). Italy saw an increase in per capita meat consumption from 43 kilograms in 2022 to 44.2 kilograms in 2023, attributed to a generational shift as millennials and Generation Z increasingly incorporate meat into their diets.
The global expansion of aquaculture, coupled with heightened consumer awareness regarding nutrition, has significantly increased the demand for peanut meal worldwide. Fish consumption in Eastern and Southeastern Asian countries has experienced growth due to the expanding urban populations, substantial increases in fish production, growth in international fish trade, and rising disposable incomes. According to the Organization for Economic Cooperation and Development (OECD), fish consumption in developing countries reached 36,509,000 thousand metric tons in 2022 and is projected to increase to 37,043,000 thousand metric tons by 2030. These trends are anticipated to drive the peanut meal market throughout the forecast period.
Meat consumption patterns are shifting towards poultry. In developing countries with lower incomes, poultry is often less expensive compared to other meats. In high-income countries, this shift reflects a growing preference for white meats, which are easier to prepare and perceived as healthier options. The Food and Agriculture Organization projects that poultry meat will account for 41% of all protein from meat sources globally by 2030. This increasing demand can be partially met by incorporating peanut meal into livestock production systems. The composition of peanut meal is significant as it affects the nutritional content of animal-derived products intended for human consumption. Consequently, the demand for peanut meal is projected to rise due to the increase in meat consumption and the growing demand for animal protein.
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North America Leads the Peanut Meal Market
North America holds the largest share of the peanut meal market. This region's market is driven by increasing demand for nut meals and high consumer disposable incomes, enabling the incorporation of protein-rich diets with substantial meat consumption. According to the Food and Agriculture Organization, the per capita meat consumption in North America was 78.5 kilograms per person from 2021 to 2023, projected to rise to 79.8 kilograms per person by 2033. This growing demand for meat protein has stimulated meat production in the region, particularly in the United States, Mexico, and Canada. Consequently, the use of peanut meal as animal feed has increased and is anticipated to maintain a healthy growth rate. Peanut meal feed is gaining importance not only for its nutritional value but also for its role in improving meat quality.
The United States has experienced a consistent increase in egg demand. The United States Department of Agriculture reports that per capita egg consumption rose from 279 eggs in 2022 to an estimated 281.3 eggs per person in 2023. This growth is attributed to the high protein content and nutritional benefits of eggs, as well as an increasing consumer preference for cage-free and organic eggs, reflecting a shift towards more ethical and sustainable farming practices. Seasonal factors, such as increased baking activities during autumn and winter months, and the resumption of school cafeteria services, also contribute to elevated egg consumption. Despite fluctuations in wholesale prices, the overall trend indicates robust demand for eggs in the U.S. market. This upward trend in egg consumption suggests a corresponding increase in demand for peanut meal, which is projected to positively impact the market during the study period.
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Peanut Meal Industry Overview
The 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 such as Wilmar International Ltd, Ipasai Group, Khedut Solvexp Pvt. Ltd., and Louis Dreyfus Company 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.
Peanut Meal Market Leaders
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Wilmar International Ltd
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Ipasai Group
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Khedut Solvexp Pvt. Ltd.
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Louis Dreyfus Company
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Golden Peanut Company, LLC ( A Subsidiary of Archer Daniels Midland Company)
- *Disclaimer: Major Players sorted in no particular order
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Peanut Meal Market News
- July 2024: Golden Peanut, a subsidiary of Archer Daniels Midland (ADM), has partnered with The J.M. Smucker Company to launch a regenerative peanut program. This initiative aims to improve soil health and reduce carbon intensity across 20,000 peanut acres in the southeastern United States. The program, which includes collaboration with the National Black Growers Council, provides direct financial support, advanced technologies, and expert guidance to peanut farmers.
- July 2024: Premium Peanut's Santee peanut shelling facility has received USD 42 million in New Markets Tax Credit (NMTC) allocations for its 86,139-square-foot facility in Santee, South Carolina expansion project. The expansion aims to introduce more than 450 peanut growers to the international market and substantially enhance the local economy.
Peanut Meal Industry Segmentation
Peanut meal is the product that remains after oil extraction from peanuts. In some countries, it is called groundnut meal. 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. The global peanut meal market is segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers the market sizes and forecasts in value (USD million) for all the above segments.
| Animal Type | Ruminants | ||
| Poultry | |||
| Swine | |||
| Aquaculture | |||
| Other Animal Types | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Russia | |||
| Spain | |||
| Rest of Europe | |||
| Asia-Pacific | India | ||
| China | |||
| Japan | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Africa | South Africa | ||
| Rest of Africa | |||
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Global Peanut Meal Market Research Faqs
How big is the Global Peanut Meal Market?
The Global Peanut Meal Market size is expected to reach USD 93.70 billion in 2025 and grow at a CAGR of 3.5% to reach USD 111.28 billion by 2030.
What is the current Global Peanut Meal Market size?
In 2025, the Global Peanut Meal Market size is expected to reach USD 93.70 billion.
Who are the key players in Global Peanut Meal Market?
Wilmar International Ltd, Ipasai Group, Khedut Solvexp Pvt. Ltd., Louis Dreyfus Company and Golden Peanut Company, LLC ( A Subsidiary of Archer Daniels Midland Company) 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 (2025-2030).
Which region has the biggest share in Global Peanut Meal Market?
In 2025, the North America accounts for the largest market share in Global Peanut Meal Market.
What years does this Global Peanut Meal Market cover, and what was the market size in 2024?
In 2024, the Global Peanut Meal Market size was estimated at USD 90.42 billion. The report covers the Global Peanut Meal Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Peanut Meal Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Global Peanut Meal Industry Report
Statistics for the 2025 Global Peanut Meal market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Peanut Meal analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
