Peanut Flour Market Set for $296M by 2031 – Exploring Trends, Segments, and Opportunities
Global Peanut Flour Market Overview (2025–2031)
According to QY Research, the global Peanut Flour market was valued at USD 258 million in 2024 and is projected to reach approximately USD 296 million by 2031, registering a CAGR of 2.0% during the forecast period 2025 to 2031.
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Market Analysis:
Peanut flour, derived from ground and defatted peanuts, is widely used in protein fortification, low-fat food products, and flavor enhancement. Its affordability, long shelf life, and nutritional benefits make it a preferred ingredient in health-conscious formulations across food sectors.
Key Trends Include:
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Growing use in plant-based and keto-friendly products
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Rising demand for natural, clean-label protein alternatives
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Innovation in gluten-free baking mixes and protein bars
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Use of peanut flour in sports nutrition and weight management supplements
Market Segments Analysis:
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By Type: Full-Fat Peanut Flour, Low-Fat Peanut Flour, Defatted Peanut Flour
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By Application: Bakery & Confectionery, Sauces & Dressings, Nutritional Products, Pet Food, Others
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By Distribution Channel: Online Retail, Supermarkets, Specialty Stores
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By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Market Opportunity:
The market presents strong potential in developing regions where peanut cultivation is abundant. Additionally, rising demand for affordable plant-based proteins is opening new avenues, especially in Asia-Pacific and Africa.
Growth Drivers and Challenges:
Drivers:
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Rising demand for gluten-free and high-protein foods
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Affordable and sustainable alternative to animal protein
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Expansion of health food and sports nutrition sectors
Challenges:
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Risk of peanut allergy limiting mass adoption
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Market competition from soy, almond, and other protein flours
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Price volatility due to agricultural dependency
