Peanut Meal Market to Reach USD 3.9 Billion by 2032, Growing at 2.87% CAGR

Peanut Meal Market Overview:

The Peanut Meal Market was valued at approximately 3.02 billion USD in 2023. It is projected to increase from 3.11 billion USD in 2024 to around 3.9 billion USD by 2032, reflecting a steady growth rate of about 2.87% during the forecast period from 2024 to 2032.

The global Peanut Meal Market is witnessing significant traction, propelled by the increasing demand for high-protein feed ingredients and the rising awareness around sustainable agriculture. As a by-product of peanut oil extraction, peanut meal serves as an excellent plant-based protein source, particularly for livestock, aquaculture, and poultry. This evolving landscape reflects the ongoing transition in agricultural practices and growing demand for plant-based alternatives worldwide.

Key Companies in the peanut meal Market Include:

Archer Daniels Midland Company ,Cargill, Incorporated ,Wilmar International Limited ,Olam International ,Bunge Limited ,Louis Dreyfus Company ,CHS Inc. ,AGT Foods International ,Kerry Group ,Glanbia plc ,Associated British Foods ,Peanut Corporation of America (PCA) ,Shandong Jiusan Group ,Yihai Kerry Arawana Holdings ,Fuji Oil Holdings

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Growing Global Demand for Peanut Meal

In recent years, the global peanut meal market has been expanding steadily, driven by a variety of economic and environmental factors. A primary growth catalyst is the rising consumption of protein-rich animal feed across developing and developed economies. As livestock farming intensifies globally, the need for efficient and cost-effective protein feed sources continues to grow—placing peanut meal in a favorable position.

Peanut meal, known for its high digestibility and protein content (ranging between 45%–55%), is increasingly being adopted by feed manufacturers. Its affordability compared to other oilseed meals like soybean or canola meal makes it an attractive alternative, particularly in regions where peanuts are widely cultivated such as Asia-Pacific, Africa, and Latin America.

Additionally, the growing focus on reducing dependency on synthetic feed additives and genetically modified ingredients has prompted many end-users to shift toward naturally sourced feed products, further supporting the growth of the peanut meal market.

Key Market Trends Fueling Growth

Several prominent trends are shaping the peanut meal market and signaling its future direction:

1. Increased Adoption in Poultry and Aquaculture Feed: With poultry and aquaculture industries rapidly expanding, peanut meal is gaining favor as a reliable feed ingredient. It enhances growth performance in birds and fish while maintaining feed conversion efficiency.
2. Rise in Organic and Sustainable Farming: As consumers demand more ethically produced food, farmers are turning to organic and plant-based feed options. Peanut meal, being a natural by-product, aligns well with these sustainability goals.
3. Expansion of Peanut Cultivation Areas: The peanut farming landscape is expanding globally due to its dual-purpose benefits—oil extraction and feed. This has created an abundant supply of peanut meal, reducing input costs for feed manufacturers.
4. Surge in Demand from Emerging Economies: Countries like China, India, Brazil, and several African nations are seeing rapid growth in livestock and poultry farming, thus increasing the uptake of peanut meal.
5. Focus on Non-GMO and Natural Protein Sources: As regulations around genetically modified organisms (GMOs) tighten and consumer preferences evolve, non-GMO feed ingredients like peanut meal are becoming more prominent.

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Technological Advancements and Innovations

Innovation is reshaping the peanut meal market at multiple levels—processing, formulation, and nutritional enhancement. Modern oil extraction techniques have improved the protein retention in peanut meal, enhancing its feed value. Additionally, innovations in feed formulation are enabling the integration of peanut meal in more diverse livestock diets without compromising nutritional balance.

Researchers and manufacturers are also working on improving the digestibility of peanut meal by reducing anti-nutritional factors (like aflatoxins), making it safer and more efficient for animal consumption. Bio-processing methods such as fermentation are being explored to increase its nutritional profile and shelf life.

Furthermore, the integration of digital agriculture and smart feed technology is allowing producers to track feed performance more accurately, thereby optimizing peanut meal inclusion rates based on real-time animal growth data.

Challenges and Opportunities

Despite its promising outlook, the peanut meal market faces several challenges. Quality control remains a concern, especially in regions with sub-optimal storage conditions leading to aflatoxin contamination. Inconsistent supply chains and price volatility due to fluctuating peanut yields also affect market stability.

However, these challenges offer growth opportunities for companies investing in better storage solutions, traceability systems, and aflatoxin mitigation technologies. Enhanced government support, agricultural extension services, and public-private partnerships could also play a crucial role in ensuring a steady supply of quality peanut meal.

The Road Ahead

As the global demand for protein-rich, sustainable animal feed continues to rise, the peanut meal market is well-positioned to capitalize on these dynamics. Continued research into processing technologies, expansion into untapped regions, and emphasis on organic farming practices will further fuel its adoption.

With increasing awareness around sustainable agriculture and nutrition, peanut meal is expected to become a cornerstone ingredient in animal feed globally. As stakeholders—ranging from farmers to feed manufacturers—align their strategies with this growing demand, the peanut meal market is poised for robust and sustained growth in the coming years.

Table of Contents

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS

SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE

SECTION III: QUALITATIVE ANALYSIS

SECTION IV: QUANTITATIVE ANALYSIS

SECTION V: COMPETITIVE ANALYSIS ........

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