Market Share of Processed Peanut Industry
The global processed peanut market is highly fragmented and very competitive, especially in developed economies where a significant number of snack food manufacturing businesses are in operation to provide innovative peanut snack varieties. Some of the major players studied are Hormel Foods, LLC, John B. Sanfilippo & Son, Inc., Whitley's Peanut Factory., Frito-Lay North America, Inc. (PepsiCo), and The Peanut Shop of Williamsburg., among others. The prominent players are focusing on new product developments, attractive packaging formats, and omnichannel distribution strategies to cater to the increasing demand from consumers, thereby gaining a competitive advantage in the market. In order to strengthen their hold in the market, these companies are innovating their flavors and partnering with hypermarket chains and online grocery platforms.
Processed Peanut Market Leaders
-
Hormel Foods, LLC
-
John B. Sanfilippo & Son, Inc.
-
Whitley's Peanut Factory.
-
Frito-Lay North America, Inc. (PepsiCo)
-
The Peanut Shop of Williamsburg.
*Disclaimer: Major Players sorted in no particular order
