Global Redskin Peanuts Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Form (Blanched, Raw, Powder, Roasted And Others), Application (Bakery And Confectionery, Butter And Spreads, Bars, Dairy Products, Culinary Purpose And Oils), Distribution Channel (Hypermarkets And Supermarkets, Convenience Stores, E-Commerce And Others), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029

Updated On: January, 2024
ID: 3998
Pages: 175

Global Redskin Peanuts Market Size (2024 to 2029)

As per our analysis report, the global redskin peanuts market is expected to reach USD 93.47 billion by 2029 from USD 70.51 billion in 2024, growing at a compound annual growth rate (CAGR) of 5.80% during the forecast timeline.

Redskin peanuts are oval nuts with a reddish hue, which are commercially distributed as legume and oilseed seeds. They are widely used in the food and beverage industry in the form of flour, snacks, oils, and peanut butter. Redskin peanuts are a rich source of polyunsaturated fatty acids, which is why they are widely applied for the health benefits they provide in the food industry. Redskin Peanut is a potential crop used in the manufacture of peanut oil; spreadable and often used directly for culinary suggestions and direct consumption. The Peanuts are high in energy and are a good source of minerals, antioxidant nutrients, and vitamins that are essential for maintaining a healthy body. They are also known to be a rich source of dietary protein, which is why they are widely used among consumers. Changes in consumption patterns and the adoption of a healthy lifestyle have supported the positive growth of the redskin peanuts market.

Global Redskin Peanuts Market Drivers:

The wide application of Redskin peanuts in the food industry is considered one of the main drivers of the worldwide market. Redskin peanuts are widely used in peanut oil and powder extraction. Processing and high consumption of Redskin peanuts as snacks have a positive impact on market growth. The high nutritional value of Redskin peanuts increases consumption among health-conscious consumers. Most Redskin peanut crops are processed in some way before reaching customers. However, there is a market for fresh peanuts. Due to the high moisture content, fresh Redskin peanuts cannot be stored for a long time (10-14 days). Therefore, they are generally sold within the growing area in supermarkets, road stalls, and/or farmers' markets. Less commonly, fresh red peanuts are perishable, so they are typically sold through online retailers that require a 2-day delivery. Customers who buy fresh Redskin peanuts prefer shiny shells with little to no damage, so the harvest must be harvested by hand. Research shows that eating small amounts of Redskin peanuts regularly can reduce the risk of cancer, diabetes, and heart disease. Research shows that regular consumption of Red skin peanuts can protect people from cancers of the breast, esophagus, colon, and pancreas. The global Redskin peanut market has seen a significant boom in recent decades thanks to extensive nutritional research pointing to regular consumption, as well as the growing popularity of Redskin peanut butter and peanut oil. Redskin peanuts can benefit your health. High oleic acid is a monounsaturated oil that, in addition to adding health benefits, can extend the shelf life of peanuts and groundnut products by up to 6 months. Food scientists have grown healthier Redskin peanut varieties with properties rich in oleic acid. Redskin peanuts have been shown to be a complete food with lots of carbohydrates rich in good oils, protein, vitamins, and minerals. Redskin peanut cultivation technology is also improved, increasing crop production every year. The fact that it is very difficult to completely fail a peanut crop is an advantage for the peanut industry. Increased awareness of Redskin peanut nutrition will go a long way towards expanding the global redskin peanut market.

Global Redskin Peanuts Market Restraints:

Redskin peanuts are considered one of the main allergens whose consumption is limited only to consumers without peanut allergies.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

5.80%

Segments Covered

By Form, Application, Distribution Channel And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Olam International, Kraft Foods Inc, Hampton Farms Inc, Star Snacks Co., LLC, Virginia Diner, Archer Daniels Midland, Diamond Foods, Inc

 

This research report on the global redskin peanuts market has been segmented and sub-segmented based on form, application, distribution channel, and region.

Global Redskin Peanuts Market – By Form:

  • Poached
  • Raw
  • Powdered
  • Roasted

Of these, the raw type is expected to occupy the largest share of the redskin peanut market due to the need for various other applications of these products.

Global Redskin Peanuts Market – By Application:

  • Redskin peanut bakery and confectionery
  • Redskin peanut butter and spreads
  • Redskin peanut bars
  •  Dairy products
  • Cooking
  • Oils

The share comes from oil production, followed by bakery and confectionery.

Global Redskin Peanuts Market – By Distribution Channel:

  • Hypermarkets
  • Supermarkets
  • Convenience stores
  • E-commerce

It is estimated that most Redskin Peanut products are purchased at convenience stores and supermarkets.

Global Redskin Peanuts Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Asia Pacific occupies a dominant position in the global Redskin peanuts market due to the presence of large exporters such as India, China, and Australia. This is closely followed by North America. The increased awareness of the health benefits of Red skin peanuts and the consumption that most Redskin peanut products should provide has become a major driver of the growth of the global Redskin peanut market in all regions of the world. The main importers of peanuts are China, Vietnam, Holland, Indonesia, and Germany. The growing demand for nut-based snacks, nut butter, and high-protein foods will continue to drive high demand for peanuts around the world during the forecast period, encouraging more exports. The Netherlands, Germany, and the United Kingdom are the three countries to offer more opportunities for Redskin peanut exporters in the developing countries. In the future, the European peanut market is expected to grow due to changes in consumer consumption patterns as the demand for plant protein instead of meat protein becomes more popular. Peanuts are expected to be an important source of unsaturated fats, fiber, protein, vitamins, and minerals as people become increasingly concerned about a healthy diet.

KEY MARKET PLAYERS:

Major Key Players in the global redskin peanuts market are Olam International, Kraft Foods Inc, Hampton Farms Inc, Star Snacks Co., LLC, Virginia Diner, Archer Daniels Midland, Diamond Foods, Inc

RECENT HAPPENINGS IN THE MARKET:

  • In December 2017, John B. Sanfilippo & Son, Inc. acquired Squirrel Brand, L.P, or $ 31.5 million. Squirrel Brand is a brand of Squirrel Brand and Southern Style Nuts, one of the leading providers of premium roasted nut mixes and snacks.
  • In September 2017, KP Nuts released a new "On the Go". This product comes in attractive new packaging in four flavors. Energetic mix of fruits and nuts, energetic mix of sweet orange and nuts, dry roast with classic flavor, and original salting.
  • In January 2017, Amsterdam Commodities N.V. (Acomo) acquired a 100% stake in Delinuts, a dried fruit trading company based in the Netherlands. The new acquisition improves the existing activities in the field of nuts in both groups.

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Frequently Asked Questions

1. What factors are influencing the growth of the Redskin Peanuts market?

The factors influencing the growth of the redskin peanuts market are changing consumer preferences towards healthier snack options, increasing awareness of the nutritional benefits of Redskin peanuts, rising demand for gourmet and specialty food products, Growing urbanization and busy lifestyles, leading to higher consumption of convenient snacks, Expansion of the food industry in emerging markets.

2. What are the current trends in the Redskin Peanuts market?

The Current trends in the redskin peanuts market are increased demand for healthy snack options: Redskin peanuts are gaining popularity as a nutritious snack option due to their high protein and fiber content and Growth in the gourmet food sector.

3. What are the challenges facing in the Redskin Peanuts market?

The challenges facing the redskin peanuts market are Competition from other snack options and nut varieties, Fluctuations in raw material prices, and Regulatory challenges related to food safety and labeling.

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