Peanut Seeds Market Trends and Forecast
The future of the global peanut seeds market looks promising with opportunities in the scientific research and farm markets. The global peanut seeds market is expected to grow with a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are increasing consumer demand for peanuts and peanut products, growing popularity of peanut-based snacks and health foods, and rising awareness about the nutritional benefits of peanuts.
• Lucintel forecasts that high oleic peanut seed is expected to witness higher growth over the forecast period.
• Within this market, scientific research is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Peanut Seeds Market
• United States: Pioneer (Corteva Agriscience) and BASF have introduced high-yielding peanut seed varieties with improved disease resistance and drought tolerance. Initiatives include expanding market share in major peanut-growing states like Georgia and Texas, targeting increased productivity and profitability for farmers.
• China: Yuan Longping High-Tech Agriculture and China National Seed Group (CNSG) are focusing on developing hybrid peanut seeds adapted to diverse regional climates. Targets include enhancing agricultural productivity and supporting food security initiatives through advanced seed technologies.
• India: Advanta Seeds and Nuziveedu Seeds are promoting hybrid peanut seeds with traits like early maturity and high yield potential. Initiatives aim to increase farmer income and reduce import dependence by meeting domestic demand for peanuts.
• Argentina: Don Mario Semillas and Rizobacter have launched genetically improved peanut seed varieties aimed at increasing oil extraction efficiency. Targets include strengthening export competitiveness in the global peanut market and expanding cultivation areas.
• Nigeria: Premium Seeds Nigeria Limited and Value Seeds Limited are investing in research to develop drought-tolerant and disease-resistant peanut seeds suitable for the West African conditions. Targets include improving smallholder farmer livelihoods and increasing peanut production for domestic consumption and export.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Peanut Seeds Market by Segment
The study includes a forecast for the global peanut seeds market by type, application, and region.
Peanut Seeds Market by Type [Value from 2018 to 2030]:
• High Oleic Peanut Seeds
• Common Peanut Seeds
Peanut Seeds Market by Application [Value from 2018 to 2030]:
• Scientific Research
• Farm
• Others
Peanut Seeds Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Peanut Seeds Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies peanut seeds companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the peanut seeds companies profiled in this report include-
• Yuyan Seed
• OSC Seeds
• Shofine
• Shandong Luhua
• Henan Yuyan Seed Technology
Recent Development in the Peanut Seeds Market
• Bayer has introduced genetically modified (GM) peanut seed varieties with enhanced resistance to diseases and pests, aiming to improve crop yield and sustainability in North America and beyond
• Seed Co. has developed hybrid peanut seeds suited for Southern Africa, focusing on drought tolerance and high yield to enhance food security and farmer income in the region.
• Bioseed has launched biotech-enhanced peanut seeds with traits like improved nutrient uptake and resistance to biotic stresses, addressing agricultural challenges and boosting productivity for farmers in South Asia.
• Syngenta has collaborated with local partners to introduce hybrid peanut seeds in Brazil, offering increased yield potential and disease resistance to support sustainable agriculture practices in Latin America.
• East-West Seed has invested in breeding programs for high-yielding peanut varieties adapted to tropical climates, benefiting smallholder farmers in Southeast Asia and Sub-Saharan Africa.
Features of the Global Peanut Seeds Market
Market Size Estimates: Peanut seeds market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Peanut seeds market size by type, application, and region in terms of value ($B).
Regional Analysis: Peanut seeds market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the peanut seeds market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the peanut seeds market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for peanut seeds market?
Answer: The global peanut seeds market is expected to grow with a CAGR of 2.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the peanut seeds market?
Answer: The major drivers for this market are increasing consumer demand for peanuts and peanut products, growing popularity of peanut-based snacks and health foods, and rising awareness about the nutritional benefits of peanuts.
Q3. What are the major segments for peanut seeds market?
Answer: The future of the peanut seeds market looks promising with opportunities in the scientific research and farm markets.
Q4. Who are the key peanut seeds market companies?
Answer: Some of the key peanut seeds companies are as follows:
• Yuyan Seed
• OSC Seeds
• Shofine
• Shandong Luhua
• Henan Yuyan Seed Technology
Q5. Which peanut seeds market segment will be the largest in future?
Answer: Lucintel forecasts that high oleic peanut seed is expected to witness higher growth over the forecast period.
Q6. In peanut seeds market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the peanut seeds market by type (high oleic peanut seeds and common peanut seeds), application (scientific research, farm, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Peanut Seeds Market Market, Peanut Seeds Market Market Size, Peanut Seeds Market Market Growth, Peanut Seeds Market Market Analysis, Peanut Seeds Market Market Report, Peanut Seeds Market Market Share, Peanut Seeds Market Market Trends, Peanut Seeds Market Market Forecast, Peanut Seeds Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.