Asia Pacific Redskin Peanuts Market was worth USD xx million in 2022, and is expected to grow at a CAGR of xx%, to reach USD xx million by 2028.
Peanut is a large scale commercial crop. It is majorly grown for its seeds which are edible. It is also popular for its high oil content. Peanuts contain several nutrients such as carbohydrates, vitamins, minerals, protein and fat. Most of the peanuts produced in the world are redskin peanuts.
Most of the manufacturers were using blanched peanuts to prepare other food products. However, according to a study, peanut skins contain up to 17% of its oil and it also contains several fatty acids which are useful in other industries. Also, peanut skin offers high fiber content and an antioxidant called resveratrol. Antioxidants are increased in peanuts when they are roasted with their skin on rather than blanched. Apart from food products, redskin peanuts are also used in beverages and for medical purposes.
Drivers and Restraints:
Increasing popularity for peanuts, both with and without skin and growing awareness regarding the health benefits of peanuts with skin are the major factors driving the market. Shifting of product manufacturers towards peanuts with skin and advancements in food processing industries are also propelling the market growth. However, high fat and cholesterol content in peanuts and allergic reactions due to eating them are restraining the market growth.
Asia Pacific Redskin Peanuts Market Segmentation Analysis:
The Redskin Peanuts Sales Market is categorized based on the type, application and region. Based on type, the market is categorized into Original Flavor Redskin Peanuts, Processed Redskin Peanuts. Original Flavor Redskin Peanuts holds the largest market share but processed redskin peanuts are expected to be the fastest growing segment due to the high demand for processed food around the globe. Based on application, the market is categorized into Food, Medical, Drink and Others. Food is the major application of peanuts as they are used to prepare food products in large extent due to their high nutritional content.
Based on geography, the market is categorized into China, India, Japan, Australia and South Korea. China and India are the world’s first and second largest peanut producers in the world and the demand is also high due to the large population base. This resulted in Asia Pacific becoming the market leader in sales of redskin peanuts.
Key Players in the Market:
Major Key Players in the Asia Pacific Redskin Peanuts Market are
Some of the major players in this region are Golden Peanut, Hubs Virginia Peanuts, Durham-Ellis Pecan Company, Wakefield Peanut Company LLC, Whitley's Peanut Factory, Feridies, Fisher, and Superior Nuts.
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