Peanuts Price in India
- India: 1476 USD/MT
In the fourth quarter of 2023, the price of peanuts in the India reached 1476 USD/MT by December.
The latest report by IMARC Group, titled "Peanuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of peanuts prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Peanuts Prices Analysis:
- China: 1696 USD/MT
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The study delves into the factors affecting peanuts price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/peanuts-pricing-report/requestsample
Peanuts Price Trend- Last Quarter
Peanuts, scientifically known as Arachis hypogaea, are legumes that grow underground. Despite being classified botanically as legumes, they are commonly referred to as nuts due to their similar nutritional profile and culinary uses. Peanuts are rich in protein, healthy fats, and essential nutrients such as vitamins E and B, magnesium, and niacin. They are particularly high in monounsaturated fats, which are beneficial for heart health. The plants thrive in warm climates with sandy soils, and they produce yellow flowers that eventually burrow into the ground to form peanut pods. Peanuts are widely used in various food products, such as peanut butter, oils, snacks, and confectioneries. They have a diverse flavor profile and can be eaten raw, roasted, or as part of cooked dishes.
Peanuts Industry Analysis
The global peanut market is experiencing significant growth due to increasing consumer awareness of peanuts' health benefits, as they are a rich source of protein, fiber, and heart-healthy fats, which align with the global shift toward healthier diets. Concurrently, the growing popularity of plant-based diets, especially as a protein alternative to animal-based sources, is aiding the market growth.
Additionally, in North America, peanut butter consumption is rising, driven by increasing health awareness and demand for plant-based protein options. The U.S. peanut industry is capitalizing on this trend by expanding production and introducing new, innovative peanut-based products. Moreover, rising demand for peanut-based snacks, such as peanut butter, roasted peanuts, and confectioneries, is another factor contributing to market expansion, driven by the snack industry's growth.
Besides this, peanut oil, which is valued for its high smoke point and neutral flavor, is increasingly used in the food industry, where it is a staple cooking oil. Along with this, China, a major peanut producer, is focusing on improving peanut yields through advanced agricultural techniques and pest-resistant seed varieties as demand for peanut oil and snacks grows domestically and in export markets. Likewise, the rising demand for plant-based oils, influenced by consumer preferences for healthier fats, is enhancing the demand for peanut oil.
Furthermore, the expansion of the food processing industry, which uses peanuts in various forms like paste, flour, and butter, is also driving market growth, particularly in the confectionery and bakery sectors. Apart from this, innovations in product offerings, such as flavored and organic peanuts, have attracted more consumers seeking diverse options in their diets.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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