Peanut is one of the most important legume grown in warmer regions such as Asia, Africa, Australia and in The Americas. Peanuts are rich in large number of nutrients such as biotin, copper, manganese, phosphorus, a variety of vitamins and proteins etc. Peanut flour is obtained by crushing peanuts, they are processed to obtain flour with a lower fat content. Peanut flour, after removing the fat content has high amount of protein. The demand for plant based ingredients which also includes of peanut flour is increasing due to consumers demand for healthier food products and cleaner label requirements. Peanut flour is gluten-free and has been considered to be beneficial for heart health. It is used as an alternative flour to make gluten free breads and other bakery products, it is also used as a thickener, flavoring agent, topping for meat and seafood and as an ingredient in smoothies to increase the protein content. Asia Pacific is projected to be the fastest growing region due to the rising population of China, Japan, and India. Increasing disposable incomes and subsequent concerns about healthy, flour-based products consumption are driving the market in these countries.
The global peanut flour market is segmented by Type, by Application, by function and by region. On the basis of different Types of peanut flour market is segmented into 28% fat peanut flour (light roast), 12% fat peanut flour (dark roast) and organic peanut flour.
On the basis of application the peanut flour market is segmented into nutrition bar, cereals, low-fat peanut butter, seasoning blends, sauces, baked goods and others. The others segment consists of confections, dry peanut butters, fillings, toppings, beverages and pet treats. Peanut flour market is segmented on the basis of function which consists of color enhancer, protein source, peanut flavor and others. The others segment consists of thickener, gluten free ingredient and shelf life extender
Global market Dynamics
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Following are the market drivers and restraints responsible for the market dynamic prevailing in the peanut flour market:
Ease of use and plant based source:
Peanut Flour is an easy to use ingredient, as it is in a dry powder form and is a rich source of plant based protein. It helps in giving steady flavors and aroma in the food products it is used.
High source of protein:
Deffated peanuts during the processing to obtain peanut flour from peanut provides an alternative and cheaper source of high protein.
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Increasing demand for gluten-free flour:
The increased demand for gluten-free food products have also helped in driving the growth of peanut flour in gluten free products application.
Health concerns (Allergy):
A lot of people including children and adults are allergic to peanuts in different parts of the world. This pose a threat to the growth of peanut flour market, as increased number of cases of peanut allergy has adversely impacted the application of peanuts and peanut flour in a lot of food products.
The global market is dominated by North America and Europe. Developing countries are emerging as leading exporters of peanuts to the North American and European regions. The South East Asian region is one of the prominent producers and exporters of peanut flour. This region is projected to grow at the highest CAGR during the forecast period. The growing demand for gluten free food products, plant based protein sources and processed meat products in this region drives the growth of peanut flour market.
Major Key players:-
Some of the major key players who are driving the peanut flour market globally are ADM, CUKRA, Amanda, Vinay Industries, Puyang Tianli and Qingdao Changshou The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa) The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period. Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
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