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Summary of our market study
The peanut import and market in France is worth around €55 million.
Peanuts, which are legumes rather than true nuts, are mainly produced in China and India, these two countries accounting for more than half of world production.
World peanut and peanut oil production is on a stable trend.
French peanut consumption has increased significantly. Peanut-based products, such as peanut oil and peanut butter, are gaining in popularity. In France, peanut butter occupies a share of the spread market.
The peanut market is confronted with the growth of peanut allergies and the growing consumer awareness of healthy diets and the trend towards organic products.
Nevertheless, peanuts remain a favorite snack for aperitifs.
Exploring the evolving appetite for peanuts in France
As the French population becomes increasingly health-conscious and discovers the nutritional benefits of various foods, demand for peanuts is on the rise.
Native to South America, peanuts are not true nuts, but belong to the dried fruit and nut family. They are eaten in many forms: raw, in oil or butter, roasted or salted. Peanut consumption in France has doubled in recent years.
France relies heavily on countries such as Argentina, the United States and the Netherlands for its peanut supplies.
The French habit of snacking at aperitif time, in particular on peanuts, is particularly significant. More than 45% of the population take part in an aperitif at least once a week.
The dried fruit market, which includes peanuts, has expanded over the years to an estimated 480 million euros. Among the various dried fruits, peanuts have enjoyed a high preference, but consumer tastes are now diversifying.consumers' tastes are now diversifying, with other dried fruits seeing an increase in consumption, while peanuts are experiencing a slight decline.
The market for peanut oil, another important branch of peanut consumption, remains stable, being mainly used for frying due to its resistance to high temperatures. The price of peanut oil in France is around 3.55 euros per liter.
Allergies to peanuts and peanut-based products are on the increase in France, posing a new health problem. In France, around 3% of the population and 8% of children are said to be allergic to peanuts.
With consumption of organic food increasing at an estimated rate of 13.5% a year, organic peanuts could offer a new market opportunity.
Market players in the global peanut industry
- Advens Group and Sonacos, specialized in peanut production.
- J.M. Smucker Co and Skippy, distributors of peanut butter.
- Kreek's France offers peanuts in snack form
- Sodeco oil and Huilerie Gid trade in peanut oil
- société agro-industrielle du Sénégal import-export company
- My Protein and Huel offer peanut-based products, protein supplements and meal replacements.
- Seeberger and Daco BelloEnfin specialize in the distribution of dried fruit
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Summary and extracts
1 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.
List of charts presented in this market study
- Principaux producteurs d'arachide dans le monde
- Evolution of world peanut production
- Production, importation, exportation et consommation d'arachide en France
- Evolution of World Peanut Oil Production
- Part de marché des principales huiles dans le monde
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