Category: Food & Drink, Business, Products

The Global Peanuts Market is set to grow steadily, driven by expanding food applications and rising demand for plant-based proteins. Market Research Future analysis estimates the market size at USD 92.26 billion in 2024, projected to reach USD 116.48 billion by 2035 with a CAGR of 2.14%. The market's resilience is attributed to peanuts' high nutritional value, affordability, and versatility in various food forms and industries. The food processing sector, particularly in Asia-Pacific, is a significant driver, with growing urbanization and changing eating habits boosting demand for convenient and packaged food products containing peanuts. Despite challenges like climate variability and food safety concerns, advancements in farming practices and quality assurance systems are expected to support market growth.