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Add to CartGlobal Peanut Meal Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Animal Type;
Ruminants, Poultry, Swine, Aquaculture, and Others.By Application;
Feed, Protein Beverages, and Others.By Form;
Pellets, Meal, and Flour.By End Use;
Livestock, Poultry, Aquaculture, and Pet Food.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Peanut Meal Market (USD Million), 2021 - 2031
In the year 2024, the Global Peanut Meal Market was valued at USD 5,644.20 million. 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%.
The global peanut meal market is a growing sector driven by the increasing demand for protein-rich animal feed, especially in livestock and aquaculture industries. Peanut meal is a byproduct of peanut oil extraction and is widely used as an affordable and high-quality source of protein and amino acids. Its high protein content makes it an attractive ingredient for feed formulations, offering a sustainable alternative to more expensive protein sources like soybean meal. The market benefits from the rising global demand for animal protein, particularly in emerging markets where the consumption of meat and dairy products is growing. As a result, the demand for peanut meal as a cost-effective protein source is expanding, especially in countries such as India, China, and the United States, which are major producers of peanuts.
In the livestock sector, peanut meal is widely used in feeding poultry, swine, and ruminants. It is often included in compound feed due to its balanced amino acid profile and energy content. For poultry, peanut meal helps improve growth rates and egg production, while in swine feed, it supports muscle development and enhances feed efficiency. Ruminants like cattle and sheep benefit from peanut meal’s high fiber content, which aids in digestion and promotes rumen health. Additionally, as aquaculture grows, peanut meal has found a place in the diet of fish and shrimp, where its nutritional value supports healthy growth and disease resistance. The versatility of peanut meal as a protein and energy source in animal feed has made it a staple ingredient for the animal feed industry.
Geographically, the Asia-Pacific region leads the peanut meal market, owing to its large agricultural production base and growing livestock sectors. India and China are the key players in peanut production and have significant domestic demand for peanut meal in animal feed. North America and Europe also hold notable market shares due to the established demand for high-protein animal feed in these regions. However, the market is expected to grow further in Africa and Latin America as countries in these regions ramp up livestock production to meet the rising demand for meat, dairy, and aquaculture products. The market’s expansion is also being fueled by efforts to increase peanut production and enhance the sustainability of peanut meal as an alternative feed ingredient to support global food security and sustainable agriculture.
Global Peanut Meal Market Recent Developments
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In March 2024, the peanut meal market saw growth with increased demand from the animal feed industry, as its high protein content made it an ideal ingredient for poultry, swine, and aquaculture feeds.
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In August 2022, concerns about peanut allergens prompted innovations in processing technology to reduce allergens in peanut meal, expanding its use in various animal feeds, including in pet food formulations.
Segment Analysis
The Global Peanut Meal Market has been segmented by Animal Type, Application, Form, End Use and Geography by animal type, with significant demand coming from poultry, swine, ruminants, aquaculture, and other animal sectors. Poultry is the largest consumer of peanut meal, as it provides an affordable source of high-quality protein that supports growth, egg production, and overall health in chickens and turkeys. Similarly, swine farmers rely on peanut meal for its high amino acid content, which aids in muscle development and enhances feed conversion efficiency. In the ruminant sector, peanut meal is widely used for cattle, sheep, and goats, where it contributes to rumen health, milk production, and overall growth. The growing demand for aquaculture products also boosts the consumption of peanut meal in the fish and shrimp industries, where it enhances growth rates and supports immune function.
In terms of application, the market for peanut meal is largely driven by its use in animal feed formulations, which is the largest segment. Peanut meal is often included in compound feeds as an affordable and efficient protein source that promotes healthy growth and productivity in animals. In addition to animal feed, peanut meal is increasingly being explored for use in pet food formulations due to its rich nutrient profile and high digestibility. As the global demand for pet food increases, the use of peanut meal in this sector is expected to grow. Additionally, peanut meal is being evaluated for its potential use in biofuel production and fertilizers, expanding its applications beyond animal feed and contributing to the market's diversification.
The global peanut meal market is also segmented by form, including pellets, meal, and flour, each catering to specific needs within the animal feed sector. Pellets are preferred for large-scale commercial feeding operations, particularly in poultry and swine industries, as they are easy to handle and provide consistent feed quality. Peanut meal, in its raw form, is commonly used in ruminant and swine feed due to its affordability and nutritional value. Peanut flour is utilized in more specialized applications, such as in premium poultry, pet food, and aquaculture formulations, due to its high digestibility and energy content. Geographically, the market is dominated by Asia-Pacific, particularly India and China, which are both major producers and consumers of peanuts. The North American and European markets are also significant, driven by the demand for sustainable and protein-rich feed ingredients in livestock and aquaculture. As global demand for animal protein continues to rise, the peanut meal market is expected to expand across all regions, driven by the need for cost-effective and high-quality feed solutions.
Global Peanut Meal Segment Analysis
In this report, the Global Peanut Meal Market has been segmented by Animal Type, Application, Form, End Use and Geography.
Global Peanut Meal Market, Segmentation by Animal Type
The Global Peanut Meal Market has been segmented by Animal Type into Ruminants, Poultry, Swine, Aquaculture, and Others.
The global peanut meal market is segmented by animal type into ruminants, poultry, swine, aquaculture, and others, with each segment exhibiting distinct characteristics based on the nutritional needs and feed preferences of different animal species. Ruminants, such as cattle, sheep, and goats, are significant consumers of peanut meal due to its high protein content and digestibility. Peanut meal serves as an excellent supplement for ruminant diets, providing the necessary amino acids and energy to support growth, reproduction, and milk production. The growing demand for beef and dairy products globally is expected to drive the use of peanut meal in ruminant feed, particularly in regions with large livestock populations such as North America, South America, and parts of Asia.
In the poultry sector, peanut meal is gaining popularity as a sustainable and cost-effective protein source for broilers, layers, and turkeys. As the poultry industry continues to expand to meet global demand for chicken meat and eggs, peanut meal’s high protein content and favorable amino acid profile make it an attractive alternative to other protein sources like soybean meal. The increasing interest in plant-based ingredients, along with the need to reduce feed costs, is driving the use of peanut meal in poultry feed. It not only supports growth and production but also contributes to better feed efficiency and overall health of poultry, making it a valuable ingredient in commercial and organic poultry farming.
For swine, peanut meal is another key ingredient in swine feed formulations, especially in piglets and growing pigs. The protein and energy profile of peanut meal helps optimize feed conversion, growth, and overall health in swine. As global pork consumption rises, particularly in China and parts of Europe, the demand for effective and economical feed additives like peanut meal is also increasing. It is particularly beneficial in the weaning stage and growing phase of pigs, where higher protein requirements support muscle development and immune function. The inclusion of peanut meal in swine diets is expected to rise as the demand for pork and other swine products continues to grow, and more cost-effective feed options become necessary to maintain profitability in large-scale operations.
Global Peanut Meal Market, Segmentation by Application
The Global Peanut Meal Market has been segmented by Application into Feed, Protein Beverages, and Others.
The global peanut meal market is primarily driven by its application in animal feed, which represents the largest segment. Peanut meal is widely used as a cost-effective and high-protein ingredient in the formulation of animal feed for various livestock such as poultry, swine, ruminants, and aquaculture. In poultry feed, it provides essential amino acids and energy for healthy growth, egg production, and overall well-being of birds. Similarly, in swine feed, it supports muscle development, enhances feed conversion efficiency, and contributes to healthier growth rates. In the ruminant sector, peanut meal is utilized to improve rumen health and milk production, while in aquaculture, it helps in fish and shrimp growth and supports immune function. As the global demand for animal protein increases, peanut meal’s role as an affordable and nutritious protein source in animal feed is expected to continue to grow.
Peanut meal is also gaining traction in the protein beverage market, particularly in plant-based protein drinks. As more consumers seek sustainable and protein-rich alternatives to traditional animal-based beverages, peanut meal’s high protein content and amino acid profile make it an attractive ingredient for protein beverages. These products are popular in the sports nutrition and health & wellness sectors, where consumers are increasingly prioritizing plant-based ingredients. Peanut meal provides an excellent source of protein that is not only vegan but also offers additional nutritional benefits, such as fiber and healthy fats. This growing demand for plant-based protein is expected to fuel the market for peanut meal in protein beverages, driving its expansion in the global health-conscious consumer base.
Beyond feed and protein beverages, peanut meal also finds application in other sectors such as biofuels, fertilizers, and industrial products. In the biofuel industry, peanut meal’s high lipid content makes it a suitable candidate for conversion into biodiesel, providing a sustainable and eco-friendly alternative to traditional energy sources. Additionally, peanut meal is increasingly being used as a natural fertilizer, thanks to its nutrient-rich composition, which can benefit soil quality and plant growth. As demand for sustainable practices in agriculture and energy production rises, these alternative applications of peanut meal are expected to drive further growth in the market. With diverse applications across multiple sectors, the global peanut meal market is poised for continued expansion as it serves both traditional and emerging industries.
Global Peanut Meal Market, Segmentation by Form
The Global Peanut Meal Market has been segmented by Form into Pellets, Meal, and Flour.
The global peanut meal market is segmented by form into pellets, meal, and flour, each serving specific applications in the animal feed industry. Pellets are one of the most popular forms of peanut meal due to their ease of handling, storage, and transportation. The pellet form also offers a consistent size, which helps improve feed efficiency and reduces feed waste. This form is particularly favored in large-scale animal farming, especially in poultry and swine industries, where consistent feed quality and efficient consumption are crucial for maintaining growth rates and feed conversion ratios. Pelletized peanut meal is also more convenient for aquaculture applications, as it can be easily integrated into the feed of fish and shrimp.
Peanut meal, in its unprocessed form, remains a widely used ingredient in the animal feed sector. This form is typically more cost-effective compared to pellets and flour and is often used as a bulk ingredient in compound feeds for ruminants and swine. The raw peanut meal contains a high level of protein and fiber, which is beneficial for livestock digestion and overall health. It can be blended with other ingredients to create balanced, nutrient-rich feed, improving muscle development in pigs and ruminants and egg production in poultry. While it may not offer the same convenience in terms of handling and storage as pellets, peanut meal is a popular choice due to its affordability and nutritional value.
Peanut flour, on the other hand, is a finer and more processed form of peanut meal. This form is highly versatile and is used primarily in premium animal feed products that require precise ingredient formulations. Peanut flour is particularly sought after in poultry and swine feed for its easily digestible protein content and high-energy profile. It is also increasingly used in pet food products due to its nutrient density and ability to improve palatability. The finer texture of peanut flour allows it to be easily incorporated into various types of feed formulations and is favored for more specialized applications. As demand for high-quality feed ingredients rises, the use of peanut flour is expected to grow, especially in markets that prioritize feed efficiency and animal health.
Global Peanut Meal Market, Segmentation by End Use
The Global Peanut Meal Market has been segmented by End Use into Livestock, Poultry, Aquaculture, and Pet Food.
In the poultry sector, peanut meal is gaining traction as a valuable ingredient in broiler and layer feed. The high protein content and digestibility of peanut meal make it an excellent alternative to traditional feed ingredients like soybean meal, which can be more expensive and subject to supply fluctuations. As poultry farming continues to grow, particularly in emerging markets, the demand for sustainable and cost-effective feed ingredients like peanut meal is expected to rise. Peanut meal not only supports the growth and egg production of poultry but also contributes to the overall health and immunity of the birds, helping them withstand diseases and stress. With the rising global consumption of chicken, peanut meal’s role in poultry feed is likely to expand.
Aquaculture is another key segment in the global peanut meal market, particularly for fish farming. The protein and amino acid profile of peanut meal makes it a suitable alternative protein source for fish feed, especially in the cultivation of species like tilapia, catfish, and shrimp. As the global demand for seafood continues to grow, the need for sustainable and affordable feed ingredients for aquaculture is becoming increasingly important. Peanut meal is being integrated into aquaculture diets to improve feed conversion efficiency and support the healthy growth of fish and shrimp. The expanding aquaculture industry in regions like Asia-Pacific, Latin America, and parts of Europe is expected to contribute to the increasing adoption of peanut meal in fish feed formulations.
In the pet food market, peanut meal is being incorporated into formulations for dogs and cats as a source of protein and healthy fats. As pet owners become more conscious of the nutritional quality of pet food, the demand for high-protein, plant-based ingredients like peanut meal is growing. The appeal of peanut meal in pet food lies not only in its nutritional value but also in its sustainability compared to animal-based protein sources. With the pet food industry becoming more innovative and catering to the health-conscious preferences of consumers, peanut meal’s role in providing an affordable, plant-based protein source is likely to increase, particularly in premium and natural pet food products.
Global Peanut Meal Market, Segmentation by Geography
In this report, the Global Peanut Meal Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Peanut Meal Market Share (%), by Geographical Region, 2024
In North America, the peanut meal market is also substantial, with the United States being a key player in both the production and consumption of peanut meal. The demand in this region is driven by the well-established livestock industry, particularly in cattle, poultry, and swine farming. Peanut meal serves as an affordable and sustainable protein source, and its use in animal feed is supported by the large-scale industrial farming systems that dominate the region. The poultry industry, in particular, benefits from the inclusion of peanut meal as it helps improve feed efficiency and growth rates. North America's growing emphasis on sustainable and alternative feed sources further boosts the demand for peanut meal. Additionally, with increasing interest in plant-based protein sources, peanut meal is becoming a more attractive option for both livestock feed and pet food.
Europe holds a notable share of the global peanut meal market, with countries such as Germany, France, and Spain being major consumers of animal feed ingredients. The region’s demand for peanut meal is driven by its diverse animal agriculture industry, including significant poultry and swine sectors. European countries are also embracing more sustainable feed options, which has led to an increased use of plant-based protein sources like peanut meal. As European regulations continue to restrict the use of certain animal-based proteins and antibiotics in feed, the demand for alternative feed ingredients has risen. Furthermore, the region's growing focus on eco-friendly farming practices and animal welfare aligns with the use of peanut meal as part of a broader shift toward plant-based and more sustainable agricultural solutions.
Latin America is an emerging market for peanut meal, with countries like Brazil and Argentina having substantial agricultural sectors focused on livestock and poultry production. The demand for peanut meal in this region is primarily driven by the need for cost-effective and high-protein feed solutions for the rapidly growing meat and poultry industries. The rising export demand for beef and poultry products from Latin America has further spurred the need for efficient animal feed formulations, including the use of peanut meal. The market is expected to grow significantly in the coming years, as the region’s agricultural practices modernize and the demand for alternative feed ingredients increases. With its favorable amino acid profile and competitive pricing, peanut meal is increasingly being integrated into livestock, poultry, and aquaculture feed in Latin America.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Peanut Meal Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers
- Increasing Demand for Meat and Aquaculture Products
- Growing Awareness of Nutritional Benefits
- Expansion of Livestock Production
- Rising Focus on Animal Health and Welfare
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Advancements in Processing: Advancements in processing techniques have significantly contributed to the evolution and growth of the Global Peanut Meal Market. Over the years, technological innovations and improvements in processing methods have enhanced the efficiency, quality, and versatility of peanut meal production. Advancement is the development of solvent extraction processes, which enable the efficient extraction of oil from peanuts while retaining the nutritional integrity of the meal. These processes are carefully monitored and optimized to ensure the highest quality standards are met, resulting in peanut meal with consistent nutritional composition and reduced levels of contaminants.
Advancements in drying techniques have played a crucial role in improving the overall quality of peanut meal. The drying process is essential for removing residual solvents and moisture from the extracted peanut meal, ensuring its safety and shelf stability. Innovations in drying technology, such as the use of advanced drying equipment and methods like fluidized bed drying or vacuum drying, have enabled more precise control over drying parameters and enhanced the efficiency of the process. As a result, peanut meal producers can deliver products with superior quality and extended shelf life, meeting the stringent requirements of both consumers and regulatory authorities.
Extraction and drying, advancements in grinding and milling technologies have contributed to the refinement of peanut meal production processes. Fine grinding and milling techniques enable the production of peanut meal with uniform particle size distribution, which enhances its digestibility and utilization in animal feed formulations. Advanced milling equipment allows for the customization of peanut meal particle size to meet specific nutritional requirements for different animal species and production systems. These advancements not only improve the nutritional value and performance of peanut meal but also increase its versatility and applicability across various feed formulations and end-user preferences in the Global Peanut Meal Market.
Restraints
- Regulatory Constraints
- Allergen Concerns
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Environmental Sustainability Concerns: Environmental Sustainability Concerns are becoming increasingly prominent. Peanut meal production, like many agricultural activities, can have significant environmental impacts, ranging from land use and water consumption to greenhouse gas emissions and biodiversity loss. One of the primary environmental concerns associated with peanut meal production is its contribution to deforestation and habitat destruction. Clearing land for peanut cultivation can lead to the loss of valuable ecosystems, including forests and grasslands, which are critical for biodiversity conservation and carbon sequestration. Intensive use of agrochemicals such as fertilizers and pesticides in peanut farming can further exacerbate environmental degradation, leading to soil erosion, water pollution, and habitat fragmentation.
Efforts to mitigate the environmental footprint of peanut meal production are increasingly being prioritized by stakeholders across the supply chain. Sustainable farming practices, such as conservation tillage, crop rotation, and integrated pest management, are being adopted to minimize environmental impacts and improve soil health. These practices help reduce soil erosion, enhance water retention, and promote biodiversity conservation, thereby contributing to the overall sustainability of peanut cultivation. Advancements in technology and research are facilitating the development of more sustainable peanut varieties that require fewer inputs and exhibit greater resilience to environmental stressors, such as drought and disease. These innovations not only enhance the environmental sustainability of peanut meal production but also contribute to the resilience and adaptability of farming systems in the face of climate change.
On-farm practices, there is growing recognition of the importance of supply chain transparency and traceability in addressing environmental sustainability concerns in the peanut meal market. Consumers are increasingly demanding ethically and sustainably sourced food products, driving companies to adopt more transparent supply chains and implement certification schemes that verify sustainable production practices. Through initiatives such as sustainable sourcing policies, eco-labeling, and corporate sustainability commitments, market players are working to reduce the environmental footprint of peanut meal production and promote responsible sourcing practices. By prioritizing environmental sustainability, stakeholders in the global peanut meal market are not only mitigating environmental risks but also positioning themselves to meet the growing demand for sustainable and ethical food products in an increasingly environmentally conscious market.
Opportunities
- Product Innovation and Diversification
- Health and Wellness Trends
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International Trade and Export Opportunities: These play a pivotal role in shaping the industry's dynamics and fostering growth. As a valuable component in animal feed formulations, peanut meal attracts significant interest from both domestic and international markets. The globalization of trade networks has facilitated the expansion of export opportunities for peanut meal producers, allowing them to tap into diverse markets worldwide. International trade enables producers to leverage comparative advantages, such as favorable climatic conditions for peanut cultivation and efficient processing capabilities, to meet the growing demand for animal feed ingredients across different regions.
The availability of international trade and export opportunities opens doors for peanut meal producers to diversify their customer base and expand their market reach beyond domestic boundaries. By exporting peanut meal to foreign markets, producers can capitalize on varying demand patterns, market preferences, and economic conditions in different countries. This diversification strategy not only mitigates the risks associated with dependence on a single market but also fosters resilience and competitiveness in the face of fluctuating market dynamics. International trade allows producers to optimize production efficiencies and economies of scale, driving down costs and enhancing overall profitability.
International trade and export opportunities stimulate innovation and product differentiation within the peanut meal market. Producers may tailor their offerings to meet specific regulatory requirements, cultural preferences, and dietary trends prevalent in target export markets. By adapting their products to align with market needs, producers can gain a competitive edge and establish a strong foothold in international markets. Strategic partnerships, joint ventures, and distribution agreements with foreign entities facilitate market penetration and market expansion, enabling peanut meal producers to capitalize on emerging opportunities and sustain long-term growth in the global marketplace.
Competitive Landscape Analysis
Key players in Global Peanut Meal Market include
- Wilmar International Ltd
- Xiwang Foodstuffs Co Ltd
- Cargill Incorporated
- Jiusan Group Food Marketing Co Ltd
- Bunge Limited
- Chia Tai Group
- COFCO Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- 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 Application
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Market Snapshot, By Form
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Market Snapshot, By End Use
- Market Snapshot, By Region
- Global Peanut Meal Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Demand for Meat and Aquaculture Products
- Growing Awareness of Nutritional Benefits
- Expansion of Livestock Production
- Rising Focus on Animal Health and Welfare
- Advancements in Processing
- Restraints
- Regulatory Constraints
- Allergen Concerns
- Environmental Sustainability Concerns
- Opportunities
- Product Innovation and Diversification
- Health and Wellness Trends
- International Trade and Export Opportunities
- 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
- Global Peanut Meal Market, By Animal Type, 2021 - 2031 (USD Million)
- Ruminants
- Poultry
- Swine
- Aquaculture
- Others
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Global Peanut Meal Market, By Application, 2021 - 2031 (USD Million)
- Feed
- Protein Beverages
- Others
- Global Peanut Meal Market, By Form, 2021 - 2031 (USD Million)
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Pellets
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Meal
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Flour
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- Global Peanut Meal Market, By End Use, 2021 - 2031 (USD Million)
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Livestock
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Poultry
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Aquaculture
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Pet Food
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- Global 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
- Global Peanut Meal Market, By Animal Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Wilmar International Ltd
- Xiwang Foodstuffs Co Ltd
- Cargill Incorporated
- Jiusan Group Food Marketing Co Ltd
- Bunge Limited
- Chia Tai Group
- COFCO Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market