Peanut Protein Market
The market for Peanut Protein was estimated at $1.1 billion in 2024; it is anticipated to increase to $1.7 billion by 2030, with projections indicating growth to around $2.5 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Peanut Protein Market Outlook
Revenue, 2024
$1.1B
Forecast, 2034
$2.3B
CAGR, 2025 - 2034
8.1%
The Peanut Protein industry revenue is expected to be around $1.1 billion in 2025 and expected to showcase growth with 8.1% CAGR between 2025 and 2034. The continuous expansion of the Peanut Protein market is mainly fueled by the growing recognition among consumers of the health advantages associated with peanut proteins. Several factors are responsible for this surge in demand-such as the worldwide shift towards plant based protein sources in diets; advancements in food technology; and a notable rise in the number of individuals adopting vegetarian or vegan lifestyles. Additionally the increasing role of peanut protein in sports nutrition owing to its high protein content and easy digestibility is playing a part, in maintaining the relevance and growth of this industry.
Peanut Protein is a plant based protein sourced from peanuts known for their high protein levels and is utilized in various industries such as food and beverages as well as pharmaceuticals and nutraceuticals sectors due to its versatility and health benefits appeal to health conscious individuals who are driving the increasing interest in plant based protein rich foods, like peanut protein products.
Market Key Insights
- The Peanut Protein market is projected to grow from $1.1 billion in 2024 to $2.3 billion in 2034. This represents a CAGR of 8.1%, reflecting rising demand across Nutritional Supplements, Bakery & Confectionery and Plant-based Dairy Alternatives.
- Golden Peanut Company LLC, Archer Daniels Midland Company, Hampton Farms are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Peanut Protein market and are expected to observe the growth CAGR of 5.9% to 8.5% between 2024 and 2030.
- Emerging markets including Nigeria, Vietnam and Kenya are expected to observe highest growth with CAGR ranging between 7.8% to 10.1%.
- Transition like Shifting Consumer Preferences is expected to add $70 million to the Peanut Protein market growth by 2030.
- The Peanut Protein market is set to add $1.2 billion between 2024 and 2034, with manufacturer targeting Food & Beverage & Sports Nutrition Application projected to gain a larger market share.
- With Changing consumer preferences, and Innovations in nutraceutical technologies, Peanut Protein market to expand 118% between 2024 and 2034.
Opportunities in the Peanut Protein
Peanut proteins use in food items like meals and drinks well as health supplements presents opportunities for expansion too. Developing partnerships, with food and beverage companies could also enable peanut protein suppliers to reach consumer bases with ease.
Growth Opportunities in North America and Asia-Pacific
In North America Peanut Protein holds a position in the market scenario with the United States taking the lead in consumption trends for it. The market is being positively influenced by a rising populationthat'skeenly interested in maintaining fitness and adopting health conscious dietary habits. A shift towards including plant based protein in meal routines and the increasing fame of protein bars and shakes are driving up the need for Peanut Protein products. When combined with advancements in food technology sector within the region creates promising opportunities, for Peanut Protein producers. Competition in the market is still intense as both global and local companies compete to provide top notch products and retain customer loyalty. To ensure a lasting future, in the industry requires staying updated on new market trends and adapting to changing consumer preferences while also embracing sustainable production practices through technological advancements.
The Peanut Protein market in the Asia Pacific region is on the rise due to increasing health consciousness and a growing fitness community in countries like China and India. The trend towards protein diets is creating more opportunities for market growth. The convenience food sectors rapid development is also driving up the demand for Peanut Protein. However the market faces competition, among players and price fluctuations as major challenges to overcome. Businesses that prioritize offering high quality products at prices and place importance in ethical sourcing and eco friendly practices are predicted to succeed well in the market scene. Partnerhips, with markets and dedicating resources towards research and development may open doors to new avenues of growth as well.
Market Dynamics and Supply Chain
01
Driver: Changing Consumer Preferences, and Growth of Protein Supplement Market
With growing health consciousness among consumers nowadays many are also shifting towards plant based diets that emphasize protein leading to a rise in popularity of peanut protein products. Peanuts are also widely recognized for their protein content, which is also now being harnessed to develop vegan alternatives in protein. This trend has also caught the attention of athletes and fitness enthusiasts of a broader interest in plant derived proteins that is also fuelled by consumer demand and driving growth, in the peanut protein sector. The global protein supplement market is also on an upward trend due to the rising fitness and wellness culture worldwide. As an excellent source of plant-based protein, peanut protein products fit well into this category, tapping into the growing consumer base seeking protein supplementation for dietary and fitness purposes. Therefore, the expanding protein supplement market is also expected to drive the growth of the peanut protein industry.
The nutra industry is also experiencing cutting edge advancements focused on enhancing the extraction process and formulation of nutrients such as peanut protein to improve taste and texture while enhancing nutritional value in products for consumers preference and market growth, in this sector.
02
Restraint: Allergy Concerns
People who are allergic to peanuts have an impact on the peanut protein markets dynamics. While peanuts offer health advantages and find wide utility in the food sector the severe allergic responses they can trigger pose a grave danger to individuals. Furthermore stringent food regulations necessitate detailed allergen labeling potentially dissuading consumers concerned about allergies. This presents an obstacle for manufacturers and dampens the desire, for peanut protein products.
03
Opportunity: Plant-based Protein Revolution and Protein Enrichment Affordability
The increasing trend towards plant based diets driven by health and environmental concerns highlights the importance of promoting peanut protein as a top tier source of plant based protein options. These plant derived proteins offer sustainability and health benefits while also being cruelty free in comparison to animal derived proteins. Peanut protein stands out with its protein content and the ease of digestion it offers making it a promising contender, in the thriving plant based protein market.
In developing nations there is a market for peanut protein due to its cost effective extraction process and high nutritional value which meets the demand for affordable and nutritious food in those regions perfectly considering the increasing focus on health and protein intake; hence indicating promising opportunities for growth in the peanut protein market, in these areas.
04
Challenge: Market Volatility
Market volatility and fluctuations in the price of peanuts significantly impact the peanut protein market. Unpredictable weather conditions, pests, and diseases affecting crop yield lead to pricing uncertainty, thereby affecting the final cost of peanut protein. This price instability can deter potential buyers looking for cost-effective protein alternatives, thus diluting the market growth of peanut protein.
Supply Chain Landscape
1
Raw Material Sourcing
Golden Peanut CompanyOlam International
2
Processing & Extraction
Archer Daniels Midland CompanyCargill Inc
3
Formulation & Production
Hampton FarmsVirginia Diner
4
Distribution & Retail
General Mills Inc.Kraft Foods Group Inc
1
Raw Material Sourcing
Golden Peanut CompanyOlam International
2
Processing & Extraction
Archer Daniels Midland CompanyCargill Inc
3
Formulation & Production
Hampton FarmsVirginia Diner
4
Distribution & Retail
General Mills Inc.Kraft Foods Group Inc
Use Cases of Peanut Protein in Nutritional Supplements & Bakery & Confectionery
Nutritional Supplements : Peanut Protein is widely utilized in the production of nutritional supplements, dominated by brands like Myprotein and Optimum Nutrition. These leading players capitalize on the high biological value and excellent amino acid profile of peanut protein that aligns well with the nutritional requirements of fitness enthusiasts and professional athletes.
Bakery & Confectionery : Peanut protein finds substantial use in baking and confectionery industries. Owing to its binding properties and unique flavor, it is a staple ingredient in bread, cakes, cookies, and candies. Top players like Nestle and Mondelez International use peanut protein to enrich their products with additional nutrients and enhance their taste profile.
Plant-based Dairy Alternatives : With the rise in veganism, plant-based dairy alternatives have become a burgeoning market. In this regard, peanut protein is a preferred choice for many manufacturers, including Califia Farms and Blue Diamond Almonds. Their products feature peanut protein due to its optimal nutritional value and comparable creaminess to traditional dairy products.
Recent Developments
Recent market studies exhibit a burgeoning demand for the use of Peanut Protein in various industries such as food, pharmaceuticals, and cosmetics. An increased global focus on health and fitness factors plays a significant role in driving this growth. For instance, protein-rich products consumption, mainly from plant sources like peanuts, has seen an upsurge in fitness and diet-conscious individuals.
December 2024 : Leading nutrition supplement manufacturer, NutriWell, announced the launch of its new Peanut Power protein shake, harnessing the benefits of peanut protein for fitness enthusiasts and athletes
October 2024 : In a venture to diversify protein sources in the food and beverage industry, global food conglomerate, FoodFirst Inc., acquired ProPeanut Labs, a lab dedicated to pioneering research in peanut protein applications
July 2024 : Global food processing company, NutraLife Global, released new peanut protein-based snack bars, marking a significant shift towards plant-based proteins in the consumer packaged goods sector.
Impact of Industry Transitions on the Peanut Protein Market
As a core segment of the Nutraceuticals industry,
the Peanut Protein market develops in line with broader industry shifts.
Over recent years, transitions such as Shifting Consumer Preferences and Technological Advancements in Processing have redefined priorities
across the Nutraceuticals sector,
influencing how the Peanut Protein market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shifting Consumer Preferences
In the world of protein supplements there has been a trend towards plant based options and peanut protein stands at the forefront. This shift is mostly credited to the rising consciousness of health and dietary choices. People are becoming more selective about where their protein comes from and its quality resulting in a spike in demand for sources, like peanuts. Fitness enthusiasts and health conscious individuals now favor peanut protein over animal derived proteins because of its excellent nutritional content. The surge in sales and the increasing market control of peanut protein are trends, in the food and beverage sectors as companies adjust their product lineups to include a wider range of plant based options.
02
Technological Advancements in Processing
Peanut protein is breaking new grounds because of technological advancements in its processing. While peanuts have always been a popular staple food, newer processing technologies are enabling the extraction of high-quality, pure peanut protein. These innovations provide a tremendous boost to the peanut protein market, making it a top choice for companies working on next-gen protein products.