What is Global Peanut Meal Market?
The Global Peanut Meal Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of peanut meal worldwide. Peanut meal, a by-product of peanut oil extraction, is a high-protein feed ingredient used in the diets of poultry, swine, ruminants, and other livestock. The market's value is determined by factors such as the demand for peanut meal, the price of peanuts, and the efficiency of peanut oil extraction methods. As of 2023, the market was valued at US$ 248.3 million, reflecting the significant role of peanut meal in global agriculture and food production. The market is expected to grow over the next few years, reaching an estimated value of US$ 286.1 million by 2030. This growth is driven by increasing demand for high-protein feed ingredients and the expanding use of peanut meal in various food and beverage products.
Primary Meal, Secondary Meal in the Global Peanut Meal Market:
In the Global Peanut Meal Market, products are typically categorized as either primary or secondary meal. Primary meal is the initial product obtained after the extraction of oil from peanuts. It is high in protein and fiber, making it a valuable ingredient in animal feed. Secondary meal, on the other hand, is produced from the residual cake left after primary extraction. Although it has a lower protein content than primary meal, it is still a useful feed ingredient due to its high fiber content. The market for both types of meal is influenced by factors such as the demand for animal feed, the availability of peanuts, and the efficiency of extraction methods. The use of advanced extraction technologies, for example, can increase the yield of meal from each ton of peanuts, thereby influencing market dynamics.
Feed, Sauce, Protein Beverage, Fermented Foods, Enriched Food in the Global Peanut Meal Market:
The Global Peanut Meal Market serves a variety of sectors, including feed, sauce, protein beverage, fermented foods, and enriched food industries. In the feed industry, peanut meal is a popular ingredient due to its high protein content and palatability. It is used in the diets of poultry, swine, ruminants, and other livestock. In the sauce industry, peanut meal is used as a thickening agent and to add flavor. In the protein beverage industry, it is used as a source of plant-based protein. In the fermented foods industry, peanut meal serves as a substrate for the growth of beneficial microorganisms. Finally, in the enriched food industry, it is used to increase the nutritional value of various food products. The diverse applications of peanut meal contribute to the robustness and resilience of the market.
Global Peanut Meal Market Outlook:
Looking at the future of the Global Peanut Meal Market, it is expected to witness steady growth over the next few years. In 2023, the market was valued at US$ 248.3 million. By 2030, it is projected to reach US$ 286.1 million, growing at a compound annual growth rate (CAGR) of 2.0% during the forecast period from 2024 to 2030. This growth is driven by factors such as increasing demand for high-protein feed ingredients, expanding applications of peanut meal in various food and beverage products, and advancements in peanut oil extraction technologies. It's also worth noting that the market is fairly concentrated, with the top two players accounting for about 10% of the global market share.
| Report Metric | Details |
| Report Name | Peanut Meal Market |
| Accounted market size in 2023 | US$ 248.3 million |
| Forecasted market size in 2030 | US$ 286.1 million |
| CAGR | 2.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
