Name: the peanut market
Brand: Businesscoot
Price: 89 EUR
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INFORMATION ON THE STUDY

Prix: 89€ HT
Last update: 02/09/2021
Language: English
Category: Agriculture
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MARKET OVERVIEW

1.1 Definition and scope of study

The peanut is a leguminous plant born underground from the cultivation of its plant. Contrary to what is known or to the possible confusion caused by the name, peanuts are not nuts, but are associated with the dried fruit and nut family because of their similar benefits and their energetic contribution .

Groundnuts are native to South America although they are currently grown in different parts of the world, although still limited to the requirements of the climate and soil. The cultivation of groundnuts is not popular in European countries, which are thus of major importers of seeds.

There are four types peanut base on the market:

Runner (dominant type, most commonly used for peanut butter)
Virginia (represents most roasted peanuts)
Spanish (usually used for candy)
Valencia (very sweet and usually roasted)

At the global level, the peanut market is growing stabilizes in value after a increase of more than 30% over the last ten years. China and India are the top two producers and together account for more than half of world production

In France, peanut consumption has more than lined over the period 2010-2020, on the other hand, import dependency does not decrease.

Peanuts are eaten in various forms, including oil and butter, because of the important nutritional properties of the fruit. The famous roasted and salted peanut is also eaten as an aperitif, a practice dear to the French, who have suffered from the health crisis of the Covid-19 in 2020

The players in this market are of various types and sizes: first of all, peanut producers, such as Groupe Advens, or Sonacos, peanut oil and butter distributors, such as Huilerie Gid or Skippy, and import-export companies, such as the Compagnie agro-industrielle du Sénégal.

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