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.

Segmentation:-

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

Following are the market drivers and restraints responsible for the market dynamic prevailing in the peanut flour market:

Drivers

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.

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.

Restraints

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.

Regional Outlook:-

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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Peanut Flour Market

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