Redskin Peanuts Market

Redskin Peanuts Market Size, Growth, Forecast (2023-2028)

The Global Redskin Peanuts Market size was worth US$ 62.99 billion in 2022, and it is estimated that it will reach US$ 91.7 billion by 2028 with a notable annual expansion rate between 2023 and 2028.

Market Overview:

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. They 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.

Recent Developments in Redskin Peanuts Industry:

• 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.
• 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 both the groups in the field of nuts.

Redskin Peanuts Market Growth:

Changes in consumption patterns and the adoption of a healthy lifestyle have supported the positive growth of the redskin peanuts market.

REPORT COVERAGE:

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 peanuts market.

Restraints:

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

Redskin Peanuts Market Segmentation Analysis:

Based on the form, redskin peanut market is segmented into poached, raw, powdered, roasted, etc. 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.

According to the application, the redskin peanut market has a large number of classifications, such as redskin peanut bakery and confectionery, redskin peanut butter and spreads, redskin peanut bars, dairy products, for cooking, oils, etc. The share comes from oil production, followed by bakery and confectionery.

Peanut market segmentation by distribution channel includes hypermarkets and supermarkets, convenience stores, e-commerce, etc. It is estimated that most Redskin Peanut products are purchased at convenience stores and supermarkets.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

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 butters, 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 Players in the Market:

Major Key Players in the Global Redskin Peanuts Market re

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