Market Size of Global Peanut Meal Industry
| 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 |
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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 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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| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture |
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Global Peanut Meal Market Size Summary
The peanut meal market is poised for steady growth, driven primarily by the increasing demand for meat and aquaculture products. This demand is fueled by a rising awareness of quality meat and milk products, alongside a surge in livestock production. As a by-product of peanut production, peanut meal benefits from the widespread cultivation and consumption of peanuts, further propelling market expansion. Despite global economic challenges, the meat market remains resilient, with significant growth anticipated in the Asia-Pacific and South American regions due to shifting dietary patterns, urbanization, and economic development. The growing popularity of seafood, recognized for its health benefits, also contributes to the rising demand for animal feed, including peanut meal, as the global population continues to increase.
In North America, the peanut meal market holds a significant share, supported by high disposable incomes and a strong demand for high-protein diets. This has led to increased meat production, particularly in the United States, Mexico, and Canada, where the use of peanut meal as feed is on the rise. The market is characterized by a fragmented landscape with numerous small regional players, while top international companies hold a limited share. These leading companies are actively expanding their presence through acquisitions and mergers, aiming to enhance production capacity and diversify their product lines. Notable players like Wilmar International have invested in new plants to capitalize on regional opportunities, such as addressing swine fever issues in China.
Global Peanut Meal Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porte'rs Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Animal Type
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2.1.1 Ruminants
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2.1.2 Poultry
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2.1.3 Swine
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2.1.4 Aquaculture
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Russia
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 India
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2.2.3.2 China
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2.2.3.3 Japan
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2.2.3.4 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Africa
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2.2.5.1 South Africa
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2.2.5.2 Rest of Africa
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Global Peanut Meal Market Size 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.
