North America Redskin Peanuts Market size was worth USD 23.77 billion in 2024, and is expected to grow at a CAGR of 5.57%, to reach USD 36.66 billion by 2032.
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.
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.
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.
Food is the major application of peanuts as they are used to prepare food products in large extent due to their high nutritional content.
Asia Pacific leads the redskin peanuts market. U.S is the third largest producer of peanuts in the world and it leads the market in North America due to the presence of large number of manufacturers of peanut products in the country.
Major Key Players in the North America Redskin Peanuts Market 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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