Peanuts Prices

Peanuts Prices December 2023

In the fourth quarter of 2023, the price of peanuts in the India reached 1476 USD/MT by December. Similarly, in China, the peanuts prices hit 1696 USD/MT in the same month.

Peanuts Price Trend, Market Analysis, and News

IMARC's latest publication, “Peanuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the peanuts market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of peanuts at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed peanuts price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting peanuts pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Peanuts Market Analysis

The global peanuts market size reached US$ 48.8 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 55.3 Thousand Tons, at a projected CAGR of 1.40% during 2023-2032.

• One of the primary factors driving the peanuts market is the increasing health awareness among consumers globally. Peanuts are a rich source of protein, healthy fats, and essential nutrients, making them an attractive option for health-conscious individuals. With the rising prevalence of lifestyle-related health issues such as obesity, heart disease, and diabetes, consumers are increasingly seeking out nutrient-dense foods that can contribute to their overall well-being. Peanuts fit this profile well, being high in monounsaturated fats that help reduce bad cholesterol levels and lower the risk of heart disease. Furthermore, the presence of antioxidants and resveratrol in peanuts has been linked to reduced inflammation and a lower risk of chronic diseases.
• Other than this, the growth of the snacking industry is another significant factor propelling the peanuts market. The global snacking market has seen substantial growth in recent years, driven by changing consumer lifestyles and a demand for convenient, on-the-go food options. Peanuts, in various forms such as roasted, salted, flavored, and coated, have become a popular snack choice due to their portability, long shelf life, and nutritional benefits. The versatility of peanuts allows them to be incorporated into a wide range of snack products, from simple roasted peanuts to peanut butter and energy bars. According to GITNUX, the global snack food industry has reached $427 Billion in 2020. The increasing demand for healthier snack options is driving manufacturers to innovate and introduce new peanut-based products, further boosting market growth.
• Peanuts are finding expanding applications in the food industry, which is significantly driving market growth. Beyond their traditional use as a snack or in peanut butter, peanuts are increasingly being used in various culinary applications, including bakery products, confectionery, and savory dishes. The industry of the food interest in peanuts is due to their versatility and ability to enhance flavor, texture, and nutritional content. For instance, peanut flour is used in baking to add protein and flavor, while peanut oil is favored for its high smoke point and healthy fat profile. Additionally, the rise of plant-based and vegan diets has increased the demand for peanut-based products as protein alternatives. According to the IMARC GROUP, the global vegan food market has reached US$ 18.3 Billion in 2023, and is projected to reach US$ 39.8 Billion by 2032, exhibiting a CAGR of 9.03% during 2024-2032.

Peanuts News

The report covers the latest developments, updates, and trends impacting the price of peanuts, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the peanuts price trend.

Latest developments in the peanuts industry:

• In 2023, THE AMERICAN PEANUT COUNCIL reported that, U.S. peanut exports reached a record high value of $889.5 million, with a 24% increase from the previous year.
• In 2023, New Delhi-based APIS INDIA has introduced a new range of peanut butter to meet the increasing demand for healthy products. The Peanut Butter is available in Creamy and Crunchy variants, offering natural ingredients and no trans fats.

Product Description

Peanut, scientifically known as Arachis hypogaea, is a leguminous crop grown primarily for its edible seeds. Unlike other nuts, peanuts grow underground, earning them the nickname groundnuts. The plant is native to South America but has been widely cultivated in regions with warm climates worldwide. The production process begins with the planting of peanut seeds, which germinate and develop into low-growing plants with yellow flowers. After pollination, the flowers form pegs that push into the soil, where the peanuts develop and mature underground. Harvesting involves uprooting the entire plant and shaking off the soil to expose the pods, which are then dried to reduce moisture content and prevent spoilage.

Peanuts offer numerous health benefits, making them a popular addition to diets around the globe. They are rich in protein, providing essential amino acids necessary for body repair and growth. Additionally, peanuts are high in healthy monounsaturated fats, which help reduce bad cholesterol levels and lower the risk of heart disease. They are also a good source of vitamins and minerals, including vitamin E, magnesium, and folate, which contribute to overall health. Peanuts contain antioxidants such as resveratrol, known for their anti-inflammatory properties and potential to reduce the risk of chronic diseases.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the peanuts price trend. 

Global Peanuts Price

The report offers a holistic view of the global peanuts pricing trends in the form of peanuts price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of peanuts, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed peanuts demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Peanuts Price

European peanuts prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for peanuts can also be provided for an extensive list of European countries.

North America Peanuts Price

The analysis of peanuts prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific peanuts historical data within the United States and Canada can also be provided.

Middle East and Africa Peanuts Price

The report explores the peanuts pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Peanuts Price

The peanuts pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This peanuts price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Peanuts Price

The analysis of peanuts prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of peanuts pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting peanuts price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The peanuts price charts ensure our clients remain at the forefront of the industry.