Peanut Meal Market
By Animal Type;
Ruminants, Poultry, Swine, Aquaculture, and OthersBy Form;
Pellets, Meal, and FlourBy Application;
Feed, Protein Beverages, and OthersBy End Use;
Livestock, Poultry, Aquaculture, and Pet FoodBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Peanut Meal Market Overview
Peanut Meal Market (USD Million)
Peanut Meal Market was valued at USD 5,644.20 million in the year 2024. The size of this market is expected to increase to USD 7,786.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.
Peanut Meal Market
*Market size in USD million
CAGR 4.7 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 4.7 % |
Market Size (2024) | USD 5,644.20 Million |
Market Size (2031) | USD 7,786.55 Million |
Market Concentration | High |
Report Pages | 354 |
Major Players
- Wilmar International Ltd
- Xiwang Foodstuffs Co Ltd
- Cargill Incorporated
- Jiusan Group Food Marketing Co Ltd
- Bunge Limited
- Chia Tai Group
- COFCO Group
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Peanut Meal Market
Fragmented - Highly competitive market without dominant players
The peanut meal market is expanding steadily, fueled by its rich protein profile and affordability as a feed component. Extracted during the oil processing of peanuts, peanut meal typically contains 45–50% protein, making it a strong alternative to traditional protein sources like soybean meal. Its rising adoption in animal feed, especially in poultry and cattle diets, now accounts for over 40% of the product’s total utilization.
Sustainable and Eco-Friendly Protein Choice
With sustainability becoming a top priority, peanut meal is gaining popularity as a plant-based protein that supports eco-conscious production. As a secondary product of peanut oil manufacturing, it contributes to waste minimization and efficient resource use. Currently, around 35% of feed producers prefer peanut meal for its lower environmental footprint and competitive nutritional value.
Rising Popularity in Organic Feed Formulations
The market is also benefiting from the growing preference for organic and non-GMO feed. Health-conscious consumers are driving demand for cleaner livestock nutrition, prompting feed producers to seek traceable ingredients. Peanut meal, especially in its raw form, is now used in more than 30% of organic animal feed formulations, reflecting a shift toward more transparent and sustainable farming inputs.
Cost-Effective Alternative Fueling Market Growth
The affordability of peanut meal continues to drive its adoption across the feed industry. Compared to conventional protein feeds like fish and soy meals, peanut meal provides up to 20% savings per protein unit. This cost-efficiency, combined with increased availability and nutritional enhancements, positions it as a practical and reliable feed solution for livestock producers.
Peanut Meal Market Recent Developments
-
In July 2024, Golden Peanut (an ADM subsidiary) and the J.M. Smucker Company launched a regenerative peanut program to enhance soil health and cut carbon emissions across 20,000 acres in the U.S. Southeast.
-
In 2023, Archer Daniels Midland rolled out a high‑protein peanut meal concentrate, tapping into growing demand for plant‑based proteins and strengthening its footprint in food and feed ingredients.
Peanut Meal Market Segment Analysis
In this report, the Peanut Meal Market has been segmented by Animal Type, Form, Application, End Use, and Geography.
Peanut Meal Market, Segmentation by Animal Type
The Peanut Meal Market has been segmented by Animal Type into Ruminants, Poultry, Swine, Aquaculture, and Others.
Ruminants
Peanut meal is widely used in feed for ruminants such as cattle, sheep, and goats, accounting for nearly 35% of the animal-type demand. Its high digestible protein content and cost-efficiency make it a preferred choice among livestock farmers. Additionally, it serves as a suitable replacement for more expensive ingredients like soybean meal.
Poultry
The poultry segment dominates the peanut meal market, contributing to over 40% of the total usage. Its high levels of amino acids and energy content support efficient growth and egg production. Peanut meal is often blended into broiler and layer feed formulations for optimal results.
Swine
Peanut meal plays a moderate role in swine feed, comprising around 15% of the market share. It is valued for its ability to provide digestible protein and energy to pigs at various stages of growth. However, careful inclusion rates are required due to potential issues related to aflatoxin contamination in poorly processed meals.
Aquaculture
The use of peanut meal in aquaculture is gaining traction, making up about 7% of the market. It serves as a sustainable alternative to traditional fishmeal in diets for tilapia, catfish, and carp. The growing push for plant-based protein sources in aquafeed is a key driver for this segment.
Others
The ‘Others’ segment includes the use of peanut meal in pet food and specialty animal feed, contributing less than 5% to the total demand. Its application is mostly limited to organic and natural feed formulations for animals with specific dietary requirements.
Peanut Meal Market, Segmentation by Form
The Peanut Meal Market has been segmented by Form into Pellets, Meal, and Flour.
Pellets
Pelleted peanut meal accounts for nearly 50% of the form-based market segment due to its advantages in handling, storage, and transportation. This form is widely used in commercial livestock feed production as it reduces wastage and ensures uniform nutrient intake. It is particularly favored in large-scale feed mills and bulk animal farming operations.
Meal
Peanut meal in its original form contributes approximately 35% to the market, valued for its high protein content and flexibility in custom feed blends. It is commonly used across different livestock categories and can be easily incorporated into mixed rations. Its versatility makes it a staple for both small and mid-sized farms.
Flour
The flour form of peanut meal represents about 15% of the total usage and is mostly utilized in pet food formulations and specialty animal feed. Its fine texture allows for better digestibility and is ideal for animals with delicate digestive systems. This form is also gaining attention in organic farming applications and feed supplements.
Peanut Meal Market, Segmentation by Application
The Peanut Meal Market has been segmented by Application into Feed, Protein Beverages, and Others.
Feed
The feed application70% of total consumption. Its high protein and amino acid content make it an ideal ingredient for livestock, poultry, and aquaculture feeds. Increasing demand for cost-effective and sustainable protein sources continues to drive this segment's growth.
Protein Beverages
Peanut meal is also utilized in the protein beverages segment, representing around 15% of the market share. Its natural nutritional profile and plant-based protein appeal to health-conscious consumers seeking dairy-free alternatives. This trend is especially prominent in the functional foods and wellness sector.
Others
The others category includes various applications such as organic fertilizers, pet food additives, and specialty nutritional products, contributing roughly 15% of the market. Growing awareness of sustainable agriculture and natural feed ingredients is expanding this segment steadily.
Peanut Meal Market, Segmentation by End Use
The Peanut Meal Market has been segmented by End Use into Livestock, Poultry, Aquaculture, and Pet Food.
Livestock
The livestock segment is the largest consumer of peanut meal, making up about 45% of the end-use market. Its rich protein content and affordability make it a preferred feed ingredient for cattle, sheep, and goats. Peanut meal supports improved growth performance and feed efficiency in these animals.
Poultry
In the poultry sector, peanut meal accounts for approximately 35% of usage. Its balanced amino acid profile aids in boosting broiler growth and egg production. The form and quality of peanut meal greatly influence its adoption in both commercial and backyard poultry farming.
Aquaculture
The aquaculture segment represents nearly 12% of the peanut meal end-use market. It is increasingly used as a sustainable alternative to traditional fishmeal in diets for species like tilapia, catfish, and carp. Growing environmental concerns are pushing the shift towards plant-based feed ingredients in this sector.
Pet Food
Peanut meal's application in pet food is smaller but growing, comprising around 8% of the market. It is valued for providing natural protein and fiber in formulations aimed at dogs, cats, and other companion animals. Increasing pet ownership and demand for natural ingredients are fueling this segment's expansion.
Peanut Meal Market, Segmentation by Geography
In this report, the Peanut Meal Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Peanut Meal Market Share (%), by Geographical Region
North America
The North America region holds a significant share of around 30% in the peanut meal market. Rising demand for plant-based protein in animal feed and the growing livestock industry are key factors driving growth. Additionally, the increasing focus on sustainable agriculture and feed cost reduction supports market expansion in the U.S. and Canada.
Europe
Europe accounts for approximately 25% of the peanut meal market. The region’s emphasis on organic farming and non-GMO feed ingredients boosts the use of peanut meal. Strong regulations around feed safety and increasing adoption of eco-friendly feed alternatives are further propelling market growth.
Asia Pacific
The Asia Pacific region leads the peanut meal market with over 35% share, driven by countries like India, China, and Southeast Asia. The region benefits from a large livestock population and rising demand for cost-effective protein sources in feed formulations. Rapid urbanization and expanding aquaculture sectors also contribute to growth.
Middle East and Africa
Together, the Middle East and Africa contribute around 5% of the peanut meal market. Growth is primarily driven by increasing livestock farming and the need for affordable, nutrient-rich feed ingredients. There is also rising interest in alternative protein sources amid feed supply constraints.
Latin America
Latin America holds roughly 5% of the market share, with Brazil and Argentina as key contributors. The region’s expanding animal husbandry sector and preference for locally sourced feed ingredients are boosting peanut meal demand. Furthermore, ongoing investments in agricultural infrastructure support the segment’s steady growth.
Peanut Meal Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Peanut Meal Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
---|---|---|---|---|---|
Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- High protein content for livestock feed
- Increasing demand for plant-based proteins
- Availability as a by-product of oil extraction
-
Cost-effective alternative to soy meal - The growing popularity of peanut meal as a cost-effective alternative to soy meal is a strong driver for market growth. Peanut meal offers a relatively high protein content at a lower price point, making it a valuable feed ingredient for livestock producers. Its affordability supports its inclusion in cattle, poultry, and swine feed rations, especially in regions with constrained feed budgets.
As soy prices fluctuate globally, manufacturers and farmers are seeking economical and nutritionally reliable protein sources. Peanut meal provides a competitive edge due to its abundant supply as an oil extraction by-product, particularly in countries like India, China, and several African nations. Its consistent availability reduces dependency on imported soybean meal, enhancing feed security.
The utilization of peanut meal aligns with efforts to reduce feed costs without compromising animal performance. When blended properly with other feed ingredients, peanut meal helps maintain weight gain efficiency and nutrient balance in livestock. It is also considered a sustainable option, as it supports waste valorization and circular bioeconomy practices within the peanut processing industry.
Feed manufacturers are increasingly conducting research to standardize peanut meal quality and mitigate anti-nutritional factors. This growing confidence in its feeding value, combined with price advantages and local accessibility, is driving its integration across commercial and small-scale animal husbandry operations.
Restraints
- Aflatoxin contamination risks in peanuts
- Low awareness in non-producing regions
- Allergen concerns in animal and human exposure
-
Variability in nutrient composition and quality - A key restraint affecting the peanut meal market is the variability in nutrient composition and quality. The nutritional profile of peanut meal can differ significantly based on factors such as processing methods, growing conditions, and oil extraction techniques. This inconsistency poses challenges in formulating balanced feed diets and achieving predictable animal performance outcomes.
Due to limited standardization, feed formulators often encounter discrepancies in protein levels, fiber content, and digestibility of peanut meal batches. Such variation leads to cautious adoption, especially among commercial feed manufacturers who prioritize consistency and precision. Inaccurate nutrient levels may cause imbalances in feed conversion ratios and growth rates.
The presence of residual oil and anti-nutritional compounds further complicates its widespread use. If not processed adequately, peanut meal may contain substances like trypsin inhibitors or aflatoxins, which can hinder nutrient absorption or pose health risks. These concerns deter some producers from integrating peanut meal into high-performance livestock systems.
To overcome this restraint, there is a growing need for quality control mechanisms, lab analysis protocols, and transparent supply chain documentation. Investment in processing infrastructure and farmer education can enhance the market’s ability to offer standardized and quality-assured peanut meal across regions.
Opportunities
- Expansion in organic animal feed segment
- Utilization in aquaculture feed formulations
- Emerging demand in pet food industry
-
Rising adoption in developing agriculture markets - The rising adoption of peanut meal in developing agriculture markets presents a promising growth opportunity. In regions where peanuts are cultivated extensively, such as Sub-Saharan Africa, South Asia, and parts of South America, peanut meal offers a locally available and low-cost protein source for livestock and aquaculture sectors.
Governments and NGOs in these areas are encouraging resource-efficient and self-sufficient farming practices. Promoting peanut meal use helps reduce reliance on imported feed components and fosters resilience in rural farming economies. Its availability as a by-product of edible oil production aligns with local agribusiness priorities and boosts value chain integration.
Peanut meal is being explored for smallholder poultry, goat, and fish farming systems, where affordability is crucial. Increased awareness, demonstration programs, and access to formulated feed recipes are enhancing adoption rates in these markets. The potential to improve animal productivity at lower input costs makes peanut meal highly attractive.
With continued investment in extension services, feed cooperatives, and decentralized processing units, peanut meal can become a staple protein source for livestock in emerging economies. Its contribution to food security, income generation, and agro-industrial sustainability will likely unlock long-term growth for the peanut meal market.
Peanut Meal Market Competitive Landscape Analysis
Key players in Peanut Meal Market include
- Wilmar International Ltd
- Ipasai Group
- Khedut Solvexp Pvt. Ltd.
- Louis Dreyfus Company
- Golden Peanut Company (ADM subsidiary)
- Archer Daniels Midland Company (ADM)
- Cargill, Incorporated
- Olam International
- Bunge Limited
- American Vegetable Oils
- Sankofa Foods
- Evergreen Oil
- GrainCorp
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Animal Type
- Market Snapshot, By Form
-
Market Snapshot, By Application
-
Market Snapshot, By End Use
- Market Snapshot, By Region
- Peanut Meal Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- High protein content for livestock feed
- Increasing demand for plant-based proteins
- Availability as a by-product of oil extraction
- Cost-effective alternative to soy meal
- Restraints
- Aflatoxin contamination risks in peanuts
- Low awareness in non-producing regions
- Allergen concerns in animal and human exposure
- Variability in nutrient composition and quality
- Opportunities
- Expansion in organic animal feed segment
- Utilization in aquaculture feed formulations
- Emerging demand in pet food industry
- Rising adoption in developing agriculture markets
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Peanut Meal Market, By Animal Type, 2021 - 2031 (USD Million)
- Ruminants
- Poultry
- Swine
- Aquaculture
- Others
- Peanut Meal Market, By Form, 2021 - 2031 (USD Million)
-
Pellets
-
Meal
-
Flour
-
- Peanut Meal Market, By Application, 2021 - 2031 (USD Million)
- Feed
- Protein Beverages
- Others
- Peanut Meal Market, By End Use, 2021 - 2031 (USD Million)
-
Livestock
-
Poultry
-
Aquaculture
-
Pet Food
-
- Peanut Meal Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Peanut Meal Market, By Animal Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Wilmar International Ltd
- Ipasai Group
- Khedut Solvexp Pvt. Ltd.
- Louis Dreyfus Company
- Golden Peanut Company (ADM subsidiary)
- Archer Daniels Midland Company (ADM)
- Cargill, Incorporated
- Olam International
- Bunge Limited
- American Vegetable Oils
- Sankofa Foods
- Evergreen Oil
- GrainCorp
- Company Profiles
- Analyst Views
- Future Outlook of the Market