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Peanut Meal Market

ID: MRFR/Agri/35003-HCR
128 Pages
Snehal Singh
October 2025

Peanut Meal Market Research Report By Application (Animal Feed, Food Products, Oil Extraction, Nutritional Supplements), By Product Type (High Protein Peanut Meal, Low Protein Peanut Meal, Peanut Meal Powder), By End Use (Livestock, Poultry, Aquaculture, Pet Food), By Form (Pellets, Meal, Flour) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

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Peanut Meal Market Summary

As per MRFR analysis, the Peanut Meal Market Size was estimated at 6.208 USD Billion in 2024. The Peanut Meal industry is projected to grow from 6.437 USD Billion in 2025 to 9.241 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.68 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Peanut Meal Market is experiencing robust growth driven by evolving consumer preferences and innovative processing techniques.

  • The demand for plant-based proteins is rising, particularly in North America, which remains the largest market for peanut meal.
  • Innovations in processing techniques are enhancing product quality and expanding applications in the Asia-Pacific region, the fastest-growing market.
  • The focus on organic and non-GMO products is becoming increasingly prominent, especially in the nutritional supplements segment.
  • Key market drivers include the increasing use of peanut meal in animal feed and rising health consciousness among consumers.

Market Size & Forecast

2024 Market Size 6.208 (USD Billion)
2035 Market Size 9.241 (USD Billion)
CAGR (2025 - 2035) 3.68%

Major Players

Cargill (US), Archer Daniels Midland (US), Bunge Limited (US), Olam International (SG), Louis Dreyfus Company (NL), Wilmar International (SG), Sime Darby Plantation (MY), Agrocorp International (SG), Ruchi Soya Industries (IN)

Peanut Meal Market Trends

The Peanut Meal Market is currently experiencing a dynamic phase characterized by evolving consumer preferences and increasing demand for plant-based protein sources. This shift is largely driven by a growing awareness of health benefits associated with plant-derived products, as well as a rising inclination towards sustainable agricultural practices. As a result, peanut meal is gaining traction not only as a livestock feed but also as an ingredient in various food products, catering to both human consumption and animal nutrition. The market landscape appears to be influenced by innovations in processing techniques, which enhance the nutritional profile of peanut meal, making it more appealing to a broader audience. Moreover, The Peanut Meal Market is likely to witness heightened competition among key players, as they strive to capture market share through strategic partnerships and product diversification. The increasing focus on organic and non-GMO products may further shape the market dynamics, as consumers become more discerning about the origins of their food. Additionally, regulatory frameworks surrounding food safety and quality standards are expected to play a crucial role in shaping the operational strategies of market participants. Overall, the Peanut Meal Market seems poised for growth, driven by a confluence of factors that emphasize health, sustainability, and innovation.

Rising Demand for Plant-Based Proteins

The Peanut Meal Market is witnessing a notable increase in demand for plant-based proteins, as consumers seek healthier dietary options. This trend is fueled by a growing awareness of the nutritional advantages of plant-derived ingredients, which are perceived as more sustainable compared to animal-based proteins.

Innovations in Processing Techniques

Advancements in processing technologies are enhancing the quality and nutritional value of peanut meal. These innovations are likely to attract a wider range of consumers, including those interested in health-conscious food products and animal feed alternatives.

Focus on Organic and Non-GMO Products

There is a discernible shift towards organic and non-GMO peanut meal, driven by consumer preferences for clean-label products. This trend may compel manufacturers to adapt their sourcing and production practices to meet the evolving demands of the market.

Peanut Meal Market Drivers

Increasing Use in Animal Feed

The Peanut Meal Market is experiencing a notable surge in demand due to its increasing utilization in animal feed. Peanut meal is rich in protein and energy, making it an attractive ingredient for livestock and poultry diets. In recent years, the protein content of peanut meal has been reported to be around 45-50%, which is competitive with other protein sources. This high nutritional value is driving feed manufacturers to incorporate peanut meal into their formulations, thereby expanding its market presence. Furthermore, as the livestock sector continues to grow, the demand for cost-effective and nutritious feed ingredients is likely to increase, further bolstering the Peanut Meal Market. The trend towards sustainable and efficient animal husbandry practices also supports the use of peanut meal, as it is a byproduct of oil extraction, thus promoting resource efficiency.

Technological Advancements in Processing

The Peanut Meal Market is experiencing a transformation driven by technological advancements in processing techniques. Innovations in extraction and processing methods are enhancing the quality and functionality of peanut meal, making it more appealing to various sectors. For instance, advancements in solvent extraction and mechanical pressing are improving the efficiency of oil extraction, resulting in higher quality peanut meal with better nutritional profiles. These improvements are likely to attract food manufacturers and animal feed producers, as they seek high-quality ingredients that meet consumer demands. Furthermore, the development of new processing technologies may lead to the creation of specialized peanut meal products tailored for specific applications, thereby expanding the market potential. As these technological advancements continue to evolve, they are expected to play a crucial role in shaping the future of the Peanut Meal Market.

Expansion of Food Processing Applications

The Peanut Meal Market is witnessing an expansion in food processing applications, which is contributing to its growth. Peanut meal is increasingly being utilized in the production of various food products, including baked goods, sauces, and snacks. Its functional properties, such as emulsification and binding, make it an attractive ingredient for food manufacturers. The market for processed foods is on the rise, with consumers seeking convenient and nutritious options. As a result, the incorporation of peanut meal into processed food products is likely to increase, providing a dual benefit of enhancing nutritional value while catering to consumer demands for convenience. This trend is expected to drive innovation within the Peanut Meal Market, as manufacturers explore new formulations and applications that leverage the unique properties of peanut meal.

Rising Health Consciousness Among Consumers

The Peanut Meal Market is benefiting from a growing awareness of health and nutrition among consumers. As individuals increasingly seek out plant-based protein sources, peanut meal is emerging as a viable option due to its favorable amino acid profile and nutritional benefits. The market for plant-based proteins is projected to grow significantly, with peanut meal being positioned as a key ingredient in various health-focused products. This trend is further supported by the increasing popularity of vegetarian and vegan diets, which often emphasize the inclusion of diverse protein sources. Consequently, food manufacturers are exploring innovative ways to incorporate peanut meal into snacks, protein bars, and other health-oriented products, thereby enhancing its visibility and appeal in the Peanut Meal Market. This shift in consumer preferences is likely to drive sustained growth in the sector.

Sustainability and Environmental Considerations

The Peanut Meal Market is increasingly influenced by sustainability and environmental considerations. As consumers and businesses alike become more environmentally conscious, the demand for sustainable food sources is rising. Peanut meal, being a byproduct of peanut oil extraction, represents a resource-efficient option that minimizes waste. This aligns with the broader trend of reducing the carbon footprint associated with food production. Additionally, the cultivation of peanuts is often associated with lower water usage compared to other crops, further enhancing its appeal in the context of sustainable agriculture. As the food industry continues to prioritize sustainability, the Peanut Meal Market is likely to benefit from this shift, as manufacturers seek to incorporate more sustainable ingredients into their products, thereby appealing to eco-conscious consumers.

Market Segment Insights

By Application: Animal Feed (Largest) vs. Nutritional Supplements (Fastest-Growing)

The Peanut Meal Market exhibits a diverse application landscape, with Animal Feed taking the lead as the largest segment. This segment accounts for a significant share of the overall market due to the growing global demand for livestock and poultry nutrition. The protein-rich composition of peanut meal makes it a preferred ingredient in animal feed formulations, capturing the attention of feed manufacturers striving for better quality and efficiency in their products. On the other hand, Nutritional Supplements is emerging as the fastest-growing segment within the Peanut Meal Market. The rise in health-conscious consumers looking for plant-based protein options is driving the demand for peanut meal as a functional food ingredient. Moreover, advancements in the nutrition sector that highlight the benefits of peanut meal for various dietary needs are propelling its rapid growth in this application area.

Animal Feed: Dominant vs. Nutritional Supplements: Emerging

Animal Feed stands out as the dominant application segment in the Peanut Meal Market, leveraging the high protein content and nutritional benefits of peanut meal in feed formulations for livestock and poultry. This segment benefits from a well-established infrastructure and a vast network of suppliers and distributors focused on animal nutrition. In contrast, Nutritional Supplements is classified as an emerging segment, primarily fueled by the increasing trend towards plant-based diets and healthy living. Nutritional supplements derived from peanut meal are gaining traction among athletes and health enthusiasts, who seek alternative protein sources. The growing awareness of peanut meal's health benefits, including its role in muscle recovery and weight management, is reshaping consumer preferences and market dynamics within this segment.

By Product Type: High Protein Peanut Meal Market (Largest) vs. Peanut Meal Market Powder (Fastest-Growing)

In the Peanut Meal Market, the segmentation by product type reveals that High Protein Peanut Meal Market holds the largest market share, driven by its increasing demand in the animal feed industry. This segment caters to pet food, livestock, and aquaculture, leveraging the nutritional benefits of high protein content. In contrast, Low Protein Peanut Meal Market offers a more cost-effective alternative; however, its market share continues to decline as consumers gravitate towards higher protein options. Peanut Meal Market Powder is increasingly gaining traction among health-conscious consumers who incorporate it into various products such as smoothies and protein bars.

High Protein Peanut Meal Market (Dominant) vs. Peanut Meal Market Powder (Emerging)

High Protein Peanut Meal Market has established itself as the dominant product type in the Peanut Meal Market, primarily due to its rich nutritional profile appealing to the animal feed sector. It is favored for enriching diets in livestock and pets, due to its digestibility and positive health benefits. On the other hand, Peanut Meal Market Powder is emerging as a promising alternative, especially popular among health enthusiasts. Its fine texture and versatility make it an attractive ingredient in health foods and supplements. As trends shift towards protein-rich diets, both segments are poised for sustained interest, with High Protein Peanut Meal Market leading the way while Peanut Meal Market Powder captures the attention of a growing health-conscious demographic.

By End Use: Livestock (Largest) vs. Poultry (Fastest-Growing)

In the Peanut Meal Market, the end use segment is primarily divided among livestock, poultry, aquaculture, and pet food. Livestock accounts for the largest share, driven by its extensive use in animal feed, while poultry is experiencing rapid growth, thanks to the increasing demand for poultry products worldwide. Aquaculture and pet food play crucial but comparatively smaller roles in the market, indicating a diverse utilization of peanut meal across various animal husbandry practices. The growth trends within this segment are influenced by rising protein consumption and a shift towards sustainable animal feed sources. Poultry's position as the fastest-growing segment is supported by consumer preferences for healthier meat options, while livestock's demand remains robust due to its established role in feeding larger farm animals. The increasing focus on aquaculture also indicates a rising interest in sustainable seafood production, providing further growth potential in the market.

Livestock (Dominant) vs. Poultry (Emerging)

In the Peanut Meal Market, livestock is the dominant segment due to its substantial use in the production of animal feed for cattle, pigs, and sheep, which are cornerstone components of the food supply chain. This segment benefits from robust global demand for meat, dairy, and other livestock-derived products. Conversely, poultry represents an emerging market segment that is rapidly gaining traction as consumer focus shifts towards healthier options and more efficient protein sources. The growing poultry industry is capitalizing on these trends, which are supported by advancements in poultry farming techniques and an increasing preference for chicken and turkey as lean protein alternatives. Together, these segments depict a dynamic landscape in the peanut meal market, with livestock holding a strong foundational position while poultry is poised for substantial future growth.

By Form: Pellets (Largest) vs. Meal (Fastest-Growing)

In the Peanut Meal Market, the distribution among the forms showcases pellets as the largest segment, holding a significant market share due to their ease of handling and efficiency in transportation. Meal occupies a prominent position as well, serving as a highly utilized form in animal feed and other applications. Meal is not only widely used but is also experiencing rapid growth driven by the increasing demand for protein-rich animal feed, particularly in developing regions. Innovations in processing technologies and a surging health consciousness among consumers further bolster the appeal of meal over other forms, marking it as a dynamic player in the market.

Pellets (Dominant) vs. Flour (Emerging)

Pellets have established themselves as the dominant form in the Peanut Meal Market, favored for their convenience and versatility in various applications. They are commonly used in animal nutrition due to their high nutrient density and digestibility. The pellet form also allows for efficient storage and handling, making it a preferred choice among manufacturers. On the other hand, flour is an emerging segment within the market, gradually gaining traction as its unique properties are recognized for applications such as food products and nutritional supplements. Flour's fine texture and adaptability make it suitable for various formulations, catering to the growing trend of healthier food alternatives. As consumer preferences shift towards plant-based diets, flour is expected to carve out a bigger share of the market.

Get more detailed insights about Peanut Meal Market

Regional Insights

North America : Market Leader in Production

North America is the largest market for peanut meal, holding approximately 40% of the global share. The region benefits from advanced agricultural practices, high demand for animal feed, and a growing trend towards plant-based protein sources. Regulatory support for sustainable farming practices further drives growth, making it a key player in the peanut meal market. The United States is the leading country in this region, with major companies like Cargill and Archer Daniels Midland dominating the landscape. The competitive environment is characterized by innovation in processing techniques and a focus on quality. The presence of established players ensures a robust supply chain, catering to both domestic and international markets.

Europe : Emerging Market with Potential

Europe is witnessing a significant increase in peanut meal consumption, accounting for about 25% of the global market share. The rise in demand is driven by the growing awareness of plant-based diets and the need for sustainable protein sources in animal feed. Regulatory frameworks promoting sustainable agriculture practices are also contributing to market growth, making it an attractive region for investment. Leading countries in this region include Germany, France, and the Netherlands, where companies like Louis Dreyfus Company are making substantial inroads. The competitive landscape is evolving, with a mix of local and international players vying for market share. The focus on quality and sustainability is shaping the strategies of key players, enhancing their market presence.

Asia-Pacific : Rapid Growth and Innovation

Asia-Pacific is emerging as a powerhouse in the peanut meal market, holding approximately 30% of the global share. The region's growth is fueled by increasing livestock production and a rising demand for protein-rich animal feed. Countries like India and China are leading this trend, supported by favorable government policies and investments in agricultural technology. India is a key player in this market, with companies like Ruchi Soya Industries and Olam International leading the charge. The competitive landscape is marked by a mix of local and multinational companies, focusing on innovation and quality. The presence of significant agricultural resources and a growing consumer base further enhance the region's market potential.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa region is gradually emerging in the peanut meal market, currently holding about 5% of the global share. The growth is driven by increasing awareness of the nutritional benefits of peanut meal and its applications in animal feed. However, the market remains largely untapped, presenting significant opportunities for growth. Regulatory support for agricultural development is expected to catalyze this growth in the coming years. Countries like South Africa and Nigeria are at the forefront of this market, with local players beginning to establish their presence. The competitive landscape is still developing, with opportunities for both local and international companies to enter the market. The focus on improving agricultural practices and supply chain efficiency will be crucial for future growth.

Peanut Meal Market Regional Image

Key Players and Competitive Insights

The  Peanut Meal Market has been experiencing significant growth, driven by the increasing demand for plant-based proteins and the rising livestock population that utilizes peanut meal as an essential source of feed.

The competitive landscape of this market is characterized by a mix of established players and emerging companies, all vying for market share through product innovation, strategic partnerships, and expansion into new geographical regions.

Companies within this space are focusing on quality enhancement and sustainable practices to cater to the evolving preferences of consumers and businesses alike. The market's dynamics are influenced by factors such as raw material availability, pricing fluctuations, and the overall health trends favoring plant-derived protein sources.

As a result, understanding the competitive insights within the  Peanut Meal Market becomes crucial for stakeholders looking to capitalize on growth opportunities. Louis Dreyfus Company has established a strong presence in the  Peanut Meal Market, leveraging its extensive network and expertise in agricultural commodities.

With a reputation for high-quality products, the company has effectively positioned itself to meet the diverse needs of its customers, ranging from livestock feed manufacturers to food processors. Louis Dreyfus Company benefits from its  reach and operational efficiencies, enabling it to maintain a competitive edge in pricing and supply chain management.

By focusing on sustainable sourcing and ensuring consistent product quality, the company has built lasting relationships with key customers in the market. Its commitment to innovation and responsiveness to market demands have allowed Louis Dreyfus Company to adapt quickly, strengthening its position amid competitive pressures.

Evergreen Oil plays a vital role in the  Peanut Meal Market, particularly in offering high-quality peanut meal products that cater to both animal feed and food production sectors. The company's strengths lie in its specialized production processes and commitment to quality assurance, which ensures that clients receive nutritious and reliable peanut meals.

Evergreen Oil's expertise in refining and processing enables it to produce a consistent product that meets stringent international standards. Additionally, the company's strategic focus on customer service and relationship management enhances its ability to retain customers and gain market share.

With a focus on sustainability and innovation, Evergreen Oil continues to differentiate itself in the market, meeting the rising demand for plant-based protein solutions across various applications.

Key Companies in the Peanut Meal Market market include

Industry Developments

The  Peanut Meal Market has witnessed significant developments recently, driven by increasing demand for sustainable and plant-based protein sources in animal feed and food industries. Major players like Cargill, Archer Daniels Midland Company, and Wilmar International are focusing on expanding their production capacities and enhancing distribution networks to meet this rising demand.

Companies such as Louis Dreyfus Company and Olam International are investing in technological advancements to improve extraction processes, thus leading to higher yields of peanut meal. Recent acquisitions have also shaped the market landscape, with Bunge Limited expanding its footprint through a strategic merger with a smaller regional company to diversify its product offerings.

Meanwhile, growth in market valuation is apparent, particularly for American Vegetable Oils and Shree Renuka Sugars, as they report increased sales attributed to higher dietary shifts towards peanut-based products.

This vibrant market growth is reflected not only in the expansion efforts of key players but also in ongoing innovations and strategic partnerships that further propel the industry toward greater efficiency and sustainability.

Future Outlook

Peanut Meal Market Future Outlook

The Peanut Meal Market is projected to grow at a 3.68% CAGR from 2024 to 2035, driven by rising demand for plant-based protein and animal feed.

New opportunities lie in:

  • Expansion into emerging markets with tailored product offerings.
  • Development of value-added peanut meal products for health-conscious consumers.
  • Strategic partnerships with livestock feed manufacturers for bulk supply agreements.

By 2035, the Peanut Meal Market is expected to solidify its position as a key player in the global protein sector.

Market Segmentation

Peanut Meal Market Form Outlook

  • Pellets
  • Meal
  • Flour

Peanut Meal Market End Use Outlook

  • Livestock
  • Poultry
  • Aquaculture
  • Pet Food

Peanut Meal Market Application Outlook

  • Animal Feed
  • Food Products
  • Oil Extraction
  • Nutritional Supplements

Peanut Meal Market Product Type Outlook

  • High Protein Peanut Meal
  • Low Protein Peanut Meal
  • Peanut Meal Powder

Report Scope

MARKET SIZE 20246.208(USD Billion)
MARKET SIZE 20256.437(USD Billion)
MARKET SIZE 20359.241(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)3.68% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesGrowing demand for plant-based protein sources enhances opportunities in the Peanut Meal Market.
Key Market DynamicsRising demand for plant-based protein sources drives growth in the peanut meal market amid evolving consumer preferences.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the current valuation of the Peanut Meal Market as of 2024?

The Peanut Meal Market was valued at 6.208 USD Billion in 2024.

What is the projected market valuation for the Peanut Meal Market in 2035?

The market is projected to reach 9.241 USD Billion by 2035.

What is the expected CAGR for the Peanut Meal Market during the forecast period 2025 - 2035?

The expected CAGR for the Peanut Meal Market during 2025 - 2035 is 3.68%.

Which companies are considered key players in the Peanut Meal Market?

Key players include Cargill, Archer Daniels Midland, Bunge Limited, and Olam International.

What are the main application segments of the Peanut Meal Market?

The main application segments include Animal Feed, Food Products, Oil Extraction, and Nutritional Supplements.

How much is the Animal Feed segment projected to grow by 2035?

The Animal Feed segment is projected to grow from 2.5 USD Billion in 2024 to 3.5 USD Billion by 2035.

What is the valuation of the High Protein Peanut Meal segment in 2024?

The High Protein Peanut Meal segment was valued at 2.5 USD Billion in 2024.

What are the projected values for the Poultry end-use segment by 2035?

The Poultry end-use segment is expected to grow from 2.0 USD Billion in 2024 to 2.8 USD Billion by 2035.

What forms of peanut meal are included in the market analysis?

The market analysis includes forms such as Pellets, Meal, and Flour.

What is the projected growth for Peanut Meal Powder by 2035?

Peanut Meal Powder is projected to grow from 2.208 USD Billion in 2024 to 3.741 USD Billion by 2035.

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