Peanut Flour Market Estimated to Expand at a Robust CAGR over 2019-2029
Posted: Sep 07, 2019
Peanut Flour Market Outlook
Peanut flour is a multipurpose food ingredient that offers food manufacturers with flexibility in formulations in products such as beverages, pasta, and snack foods. Peanut flour is delicious in a wide array of cooking and baking. An excellent source of magnesium and calcium, peanut flour is also loaded with protein more than most of the conventional grain flours. Peanut flour is not only nourishing for individual’s regular diet but is also a viable source of food.Culinary professionals use peanut flour for flavoring in pastries, bread, and more dishes, and as a thickener in soups.Many manufacturers adopt incorporation of peanut flour to increase the protein content of the foodstuff. Multiple research studies have evaluated the use of peanut flour in beverages, pasta formulations, and snack foods, among more. Globally, peanut flours have been limited to use by industrial food processors as a primary food ingredient.
However, increasing cases of allergies interlinked with peanuts, among individuals, are expected to jot down the growth of the peanut flour market.
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Increasing Applications of Peanut Flour in Bakery Products Driving Significant Growth
Obtaining sufficient nutrients in an individual's diet have become vital as the demand for a healthy lifestyle among customers is on the rise. Mixes that combine peanut with other gluten-free flours are available in the market now. The rising urban population has enlarged the demand for various types of flours including peanut flour for the wide applications it provides to bakery products. Peanut flour provides better texture, flavor, nutritional values, shelf life and stability in bakery products.
Moreover, growing awareness for protein-rich flours is providing a push for flour millers to produce more nutritional and gluten-free flour, which is impelling significant growth for the peanut flour market.
Peanut Flour Market Segmentation
The Peanut Flour market can be segmented on the basis of nature, applications, fat content, function, and sales channel
On the basis of nature, the market can be segmented as:
On the basis of applications, the market can be segmented as:
- Bakery Products
- Nutritional Bars
- Peanut Butters
- Sauces and Dressings
- Pet Foods
- Seasoning Blends
- Protein Shakes
On the basis of fat content, the market can be segmented as:
- No Fat Peanut Flour
- Low Fat/Light Roast(12% Fat Peanut Flour)
- Medium Fat/Dark Roast (28% Fat Peanut Flour)
On the basis of function, the market can be segmented as:
- Color Enhancer
- Flavoring Agent
- Protein Source
On the basis of the sales channel, the market can be segmented as:
- Direct Sales/B2B
- Indirect Sales/B2C Supermarket/Hypermarket Retail Stores Specialty Stores General Grocery Stores Online Stores
Peanut Flour Market: Key Developments
- In June 2017, Golden Peanut and Tree Nuts, a subsidiary of ADM (Archer Daniels Midland) announced that the company invested in its third expansion project at the company's manufacturing unit in Blakely, Georgia. The expansion project increased the company's plant's capacity and added new technology for cold storage to preserve quality as well as quality control for the end-product.
- In May 2016, Kellogg’s made a statement that they added peanut flour to eight products of Keebler and Austin crackers.
Peanut Flour Market: Regional Analysis
It has been noticed that American customers gave more significant overall acceptance points for extruded foods prepared with peanut flour against the foods prepared with the minced fish.
According to USDA Agricultural Research studies, lightly-roasted, lower-fat flours have been found as the perfect thickener when compared to other conventional flours.
The Asia Pacific is expected to dominate the market growth wise owing to the rising population in India, China, and Japan. Increasing disposable incomes and increasing consumption of healthy, flour-based products are driving substantial growth in these countries.
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Peanut Flour Market: Key Participants
Some of the market participants in the Peanut Flour market are:
- AMANDA Nussverarbeitung
- Puyang Tianli
- Vinay Industries Limited
- Shandong Chinut
- CUKRA INDUSTRIAL
- Qingdao Changshou
- Junan Zheng Da
- Qingdao Baoquan
- Rizhao Shengkang
- Golden Peanut and Tree Nuts (ADM)
- Nutrin Corporation
- Protein Plus, LLC
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