Drinkable Peanut Powder Market
Global Market Study on Drinkable Peanut Powder: Increasing Demand for Protein and Especially Plant-Based Protein is Driving Market Growth By 2024
Drinkable Peanut Powder Market Segmented By Soluble and Insoluble Type in Super Market and Hypermarket, Departmental Stores, Online Retailing in Shakes, Smoothies and Flavored Beverages
Drinkable peanut powder is a product that is prepared by crushing roasted peanuts, in order to remove natural oils. The remaining particles are then grounded into fine powder that contains 85% less fat and 50% fewer calories in comparison to regular peanut butter. Consumers prefer plant-based proteins over animal-based proteins.
Demand for healthy beverages is significantly high, especially for drinkable peanut powder products. This is attributed to high protein content and health benefits that drinkable peanut powder products offer. Thus, food manufacturers are developing peanut powder-based beverages that are rich in protein and low in fat content with fewer calories. Governments of various countries support production of organic, natural, and non-GMO foods and beverages.
Find Out More about the Report Coverage
- The J.M. Smucker Company
- Golden Peanut and Tree Nuts
- Santa Cruz
- Bell Research Companies
- Peanut Butter & Co.
- The Tru-Nut Company
- Sukrin Ltd.
- Protein Plus, LLC
- BetterBody Foods
- Nutrinity Foundation
Drivers to the Drinkable Peanut Powder market
The inclination of consumers towards nutritious and functional foods and beverages has created a positive platform for drinkable peanut powder, due to its plant-based natural protein content.
Factors such as increasing demand for beverages, nutritious products, and plant-based proteins coupled with increasing health consciousness and awareness among consumers, and increasing production and consumption of peanuts and peanuts-based products are expected to drive growth of the global drinkable peanut powder market. Additionally, increasing penetration of retail and online by major retailers and are expected to fuel the overall growth of the global drinkable peanut powder market.
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
North America is estimated to account for 37.8% share of the global drinkable peanut powder market by 2016 end, and expected to expand at a CAGR of 5.7% over the forecast period. North America drinkable peanut powder market is expected to witness robust growth owing to high consumer awareness regarding the benefits of drinkable peanut powder in comparison to peanut butter and other peanut products in the region.
Moreover, the launch of new products is further fueling growth of the drinkable peanut powder market in North America. In order to meet varying consumer demands, super market & hypermarkets are offering premium grade drinkable peanut powder brands.
Asia Pacific excluding Japan (APEJ) region is one of the dominant markets for drinkable peanut powder. The APEJ market is the fastest growing market for drinkable peanut powder. This is attributed to increasing demand for superior quality and high-end peanut products from the region.
The market in APEJ is expected to register a CAGR of 7.2% in terms of revenue over the forecast period. The market in China is expected to witness highest uptake of drinkable peanut powder, followed by India over the forecast period. Increasing demand for plant-based natural products that are rich in proteins in comparison to products where proteins are derived synthetically is significantly high.
Peanut powder is rich in protein and is derived naturally by crushing roasted peanuts, which is one of the major factors contributing towards growth of the global market.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Key players in the global drinkable peanut powder market include The J.M. Smucker Company, Golden Peanut and Tree Nuts, Santa Cruz, Bell Research Companies, Peanut Butter & Co., The Tru-Nut Company, Sukrin Ltd., Protein Plus, LLC, BetterBody Foods, and Nutrinity.
Explore Persistence Market Research’s expertise in promulgation of the business !
Report covers in-depth analysis on the following key segments: