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Peanut Milk Market

Peanut Milk Market Size by Product Type (Mixed and Pure), Application (Bakery and Confectionery, Direct Consumptions, Peanut Butter and Spreads, Culinary Purpose, Dairy Products, Peanut Bars, and Others), Form (Liquid and Powder), End-User (Children and Adult), Distribution Channel (Convenience Stores, Supermarkets/Hypermarkets, E-commerce, Speciality Stores, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12945
  • Published Date: Sep, 2022
  • Pages: 235
  • Category: Food & Beverages
  • Format: PDF
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The global peanut milk market is expected to reach USD 524.52 million by 2030, at a CAGR of 8.70% from 2022 to 2030. The increase in demand for plant-based milk drives the expansion of the peanut milk market.

Market Overview:

Peanuts are versatile, delicious, and jam-packed with a long list of essential nutrients. Peanut milk contains trace minerals like magnesium, folate, copper, and arginine. Peanut milk can be defined as a variation of plant-based beverages which are made from ground peanuts and water. Peanut milk is made with peanuts, water, and sometimes other additional ingredients like cinnamon, salt, or sugar. Peanut milk is available in both powder and liquid form. Peanut milk retains the nut's natural soluble fiber, which also helps lower cholesterol. They are high in vitamins, especially B6, and the abundant life-giving mineral magnesium.

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Market Dynamics:

Drivers:

  • The increase in demand for plant-based milk:

The increasing demand for alternative sources of milk & protein is the driving factor of the market growth. Further, various health advantages have raised the need for plant-based ingredients such as peanut milk in the food & beverage industry. Also, increasing the demand for peanut milk and the increase in the vegan population propel the market growth during the forecast period. The changing trends in consumer food consumption foster demand for plant-based foods and alternatives to dairy products, and the expanding popularity of western diets is helping to drive the market growth. Furthermore, plant-based milk is highly accepted in China due to a long-standing food tradition of ingesting soya products. The increasing prevalence of lactose intolerance in Asia will also support the market's overall expansion.

Restraints:

  • The high price of plant-based products:

The high cost associated with peanut milk and the increasing alternatives such as almond and soy milk is the restraining factor of the market. In addition, the low availability of plant-based milk across emerging regions is also hampering the market growth during the forecast period.

Opportunities:

  • The growing demand for special dietary needs:

An increasing number of customers are choosing plant-based alternatives for medical reasons or as part of a healthy lifestyle is expected to drive the market growth during the forecast period. Further, the nutritional value of plant-based milk depends upon the source & the processing technology along with fortification methods. This factor is also helping to drive market growth. Moreover, the increased production of processed foods, changing lifestyles, and rapid urbanization have shifted dietary patterns. In addition, the rise in the number of government enterprises spreading awareness about health awareness will create new market opportunities during the projection period.

Segmentation Analysis: 

The global peanut milk market has been segmented based on product type, application, form, end-user, distribution channel, and region.

  • The product type segment is divided into mixed and pure. The pure segment led the market with a market share of 55.24% in 2021 due to the increasing health awareness among consumers globally.
  • The application segment is divided into bakery and confectionery, direct consumption, peanut butter and spreads, culinary purpose, dairy products, peanut bars, and others. The dairy products segment led the market with a market share of 27.14% in 2021 due to the demand for clean labels and high-quality dairy products.
  • The form segment is divided into liquid and powder. The liquid segment led the market with a market share of 56.14% in 2021 due to the increasing inclination towards healthier diet options.
  • The end-user segment is divided into children and adults. The children segment led the market with a market share of 54.22% in 2021 due to the rise in disposable income.
  • The distribution channel segment is divided into convenience stores, supermarkets/ hypermarkets, e-commerce, specialty stores, and others. The supermarkets/hypermarkets segment led the market with a market share of 27.19% in 2021 due to the high number of supermarkets/hypermarkets across the globe.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North American region emerged as the largest market for the global peanut milk market, with a 48.34% share of the market revenue in 2021.

  • The increasing demand for peanut milk and massive production of peanut kernels is anticipated to contribute to the peanut milk market. Furthermore, the growing awareness regarding preventive healthcare and the high purchasing capacity of the majority of the population also helps boost market growth. Also, the increasing disposable earnings are helping to boost the market growth.
  • During the forecast period, the Asia Pacific region will record the highest growth due to the rising popularity of vegetarian, vegan, and flexitarian diets. Further, the changing customer preferences toward consuming dairy-free products for health benefits are also helping boost the market growth in this region. Additionally, increasing organic product demand from customers also helps drive market growth.

North American Region Peanut Milk Market Share in 2021 - 48.34%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global peanut milk industry.

For example, in February 2020, two new flavors were added to the Brand Keto collection: caramel chocolate double dough pints and caramel dark chocolate peanut bars, which include 1g of net carbs & less than 1g of sugar per serving. The addition of peanuts has also raised the demand for peanut milk.

List of Key Market Players:

  • Yinlu Foods Group
  • Hangzhou Wahaha Group Co., Ltd.
  • Hebei Chengde Lolo Co., Ltd
  • Elmhurst Milked Direct, LLC
  • Miruku
  • Good Karma Foods
  • Yili Group
  • Nest & Glow
  • Nutrinity Foundation

Key Target Audience:

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm

Report Description:

  • Global Peanut Milk Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global peanut milk market is based on revenue (USD Million). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global peanut milk market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of peanut milk based on product type, application, form, end-user, distribution channel, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global peanut milk market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global peanut milk market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global peanut milk market) is covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the peanut milk market was valued at USD 247.57 million in 2021 to USD 524.52 million by 2030.

Global peanut milk market is growing at a CAGR of 8.70% during the forecast period 2022-2030.

North America region emerged as the largest market for the peanut milk.

The market's growth will be influenced by the increase in demand for plant-based milk.

The high price of plant-based products could hamper the market growth.

The growing demand for special dietary needs will provide huge opportunities to the market.

Key players are Yinlu foods Group, Hangzhou Wahaha Group Co., Ltd., Hebei Chengde Lolo Co., Ltd, Elmhurst Milked Direct, LLC, Miruku, Good Karma Foods, Yili Group, Nest & Glow, Nutrinity Foundation and among others.

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
  • Customers can be added on the basis of regions and countries
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Form
          4.3.4. Market Attractiveness Analysis By End-User
          4.3.5. Market Attractiveness Analysis By Distribution Channel
          4.3.6. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing rise in demand for vitamin E sources and fibrous diets
          5.2.2. The increase in demand for plant-based
          5.2.3. The increase in the vegan population
    5.3. Restraints
          5.3.1. The fluctuation in prices of raw materials
          5.3.2. The high cost of plant-based milk extraction
    5.4. Opportunities
          5.4.1. The growing demand for special dietary needs

1. Global Peanut Milk Market Analysis and Forecast, By Product Type
    1.1. Segment Overview
    1.2. Mixed
    1.3. Pure

2. Global Peanut Milk Market Analysis and Forecast, By Application
    2.1. Segment Overview
    2.2. Bakery and Confectionery
    2.3. Direct Consumptions
    2.4. Peanut Butter and Spreads
    2.5. Culinary Purpose
    2.6. Dairy Products
    2.7. Peanut Bars
    2.8. Others

3. Global Peanut Milk Market Analysis and Forecast, By Form
    3.1. Segment Overview
    3.2. Liquid
    3.3. Powder

4. Global Peanut Milk Market Analysis and Forecast, By End-User
    4.1. Segment Overview
    4.2. Children
    4.3. Adult

5. Global Peanut Milk Market Analysis and Forecast, By Distribution Channel
    5.5. Segment Overview
    5.6. Convenience Stores
    5.7. Supermarkets/ Hypermarkets
    5.8. E-commerce
    5.9. Speciality Stores
    5.10. Others

6. Global Peanut Milk Market Analysis and Forecast, By Regional Analysis
    6.1. Segment Overview
    6.2. North America
          6.2.1. U.S.
          6.2.2. Canada
          6.2.3. Mexico
    6.3. Europe
          6.3.1. Germany
          6.3.2. France
          6.3.3. U.K.
          6.3.4. Italy
          6.3.5. Spain
    6.4. Asia-Pacific
          6.4.1. Japan
          6.4.2. China
          6.4.3. India
    6.5. South America
          6.5.1. Brazil
    6.6. Middle East and Africa
          6.6.1. UAE
          6.6.2. South Africa

7. Global Peanut Milk Market-Competitive Landscape
    7.1. Overview
    7.2. Market Share of Key Players in Global Peanut Milk Market
          7.2.1. Global Company Market Share
          7.2.2. North America Company Market Share
          7.2.3. Europe Company Market Share
          7.2.4. APAC Company Market Share
    7.3. Competitive Situations and Trends
          7.3.1. Product Launches and Developments
          7.3.2. Partnerships, Collaborations, and Agreements
          7.3.3. Mergers & Acquisitions
          7.3.4. Expansions

8. Company Profiles
    8.1. Yinlu foods Group
          8.1.1. Business Overview
          8.1.2. Company Snapshot
          8.1.3. Company Market Share Analysis
          8.1.4. Company Product Portfolio
          8.1.5. Recent Developments
          8.1.6. SWOT Analysis
    8.2. Hangzhou Wahaha Group Co.,Ltd.
          8.2.1. Business Overview
          8.2.2. Company Snapshot
          8.2.3. Company Market Share Analysis
          8.2.4. Company Product Portfolio
          8.2.5. Recent Developments
          8.2.6. SWOT Analysis
    8.3. Hebei Chengde Lolo Co.,Ltd
          8.3.1. Business Overview
          8.3.2. Company Snapshot
          8.3.3. Company Market Share Analysis
          8.3.4. Company Product Portfolio
          8.3.5. Recent Developments
          8.3.6. SWOT Analysis
    8.4. Elmhurst Milked Direct, LLC
          8.4.1. Business Overview
          8.4.2. Company Snapshot
          8.4.3. Company Market Share Analysis
          8.4.4. Company Product Portfolio
          8.4.5. Recent Developments
          8.4.6. SWOT Analysis
    8.5. Miruku
          8.5.1. Business Overview
          8.5.2. Company Snapshot
          8.5.3. Company Market Share Analysis
          8.5.4. Company Product Portfolio
          8.5.5. Recent Developments
          8.5.6. SWOT Analysis
    8.6. Good Karma Foods
          8.6.1. Business Overview
          8.6.2. Company Snapshot
          8.6.3. Company Market Share Analysis
          8.6.4. Company Product Portfolio
          8.6.5. Recent Developments
          8.6.6. SWOT Analysis
    8.7. Yili Group
          8.7.1. Business Overview
          8.7.2. Company Snapshot
          8.7.3. Company Market Share Analysis
          8.7.4. Company Product Portfolio
          8.7.5. Recent Developments
          8.7.6. SWOT Analysis
    8.8. Nest & Glow
          8.8.1. Business Overview
          8.8.2. Company Snapshot
          8.8.3. Company Market Share Analysis
          8.8.4. Company Product Portfolio
          8.8.5. Recent Developments
          8.8.6. SWOT Analysis
    8.9. Nutrinity Foundation
          8.9.1. Business Overview
          8.9.2. Company Snapshot
          8.9.3. Company Market Share Analysis
          8.9.4. Company Product Portfolio
          8.9.5. Recent Developments
          8.9.6. SWOT Analysis

List of Table

1. Global Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

2. Global Mixed, Peanut Milk Market, By Region, 2019-2030 (USD Million) 

3. Global Pure, Peanut Milk Market, By Region, 2019-2030 (USD Million)

4. Global Peanut Milk Market, By Application, 2019-2030 (USD Million)

5. Global Bakery and Confectionery, Peanut Milk Market, By Region, 2019-2030 (USD Million)

6. Global Direct Consumptions, Peanut Milk Market, By Region, 2019-2030 (USD Million)

7. Global Peanut Butter and Spreads, Peanut Milk Market, By Region, 2019-2030 (USD Million)

8. Global Culinary Purpose, Peanut Milk Market, By Region, 2019-2030 (USD Million)

9. Global Dairy Products, Peanut Milk Market, By Region, 2019-2030 (USD Million)

10. Global Peanut Bars, Peanut Milk Market, By Region, 2019-2030 (USD Million)

11. Global Others, Peanut Milk Market, By Region, 2019-2030 (USD Million)

12. Global Peanut Milk Market, By Form, 2019-2030 (USD Million)

13. Global Liquid, Peanut Milk Market, By Region, 2019-2030 (USD Million)

14. Global Powder, Peanut Milk Market, By Region, 2019-2030 (USD Million)

15. Global Peanut Milk Market, By End-User, 2019-2030 (USD Million)

16. Global Children Peanut Milk Market, By Region, 2019-2030 (USD Million)

17. Global Adult, Peanut Milk Market, By Region, 2019-2030 (USD Million)

18. Global Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

19. Global Convenience Stores, Peanut Milk Market, By Region, 2019-2030 (USD Million)

20. Global Supermarkets/ Hypermarkets, Peanut Milk Market, By Region, 2019-2030 (USD Million)

21. Global E-commerce, Peanut Milk Market, By Region, 2019-2030 (USD Million)

22. Global Speciality Stores, Peanut Milk Market, By Region, 2019-2030 (USD Million)

23. Global Others, Peanut Milk Market, By Region, 2019-2030 (USD Million)

24. North America Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

25. North America Peanut Milk Market, By Application, 2019-2030 (USD Million)

26. North America Peanut Milk Market, By Form, 2019-2030 (USD Million)

27. North America Peanut Milk Market, By End-User, 2019-2030 (USD Million)

28. North America Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

29. U.S. Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

30. U.S. Peanut Milk Market, By Application, 2019-2030 (USD Million)

31. U.S. Peanut Milk Market, By Form, 2019-2030 (USD Million)

32. U.S. Peanut Milk Market, By End-User, 2019-2030 (USD Million)

33. U.S. Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

34. Canada Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

35. Canada Peanut Milk Market, By Application, 2019-2030 (USD Million)

36. Canada Peanut Milk Market, By Form, 2019-2030 (USD Million)

37. Canada Peanut Milk Market, By End-User, 2019-2030 (USD Million)

38. Canada Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

39. Mexico Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

40. Mexico Peanut Milk Market, By Application, 2019-2030 (USD Million)

41. Mexico Peanut Milk Market, By Form, 2019-2030 (USD Million)

42. Mexico Peanut Milk Market, By End-User, 2019-2030 (USD Million)

43. Mexico Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

44. Europe Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

45. Europe Peanut Milk Market, By Application, 2019-2030 (USD Million)

46. Europe Peanut Milk Market, By Form, 2019-2030 (USD Million)

47. Europe Peanut Milk Market, By End-User, 2019-2030 (USD Million)

48. Europe Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

49. Germany Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

50. Germany Peanut Milk Market, By Application, 2019-2030 (USD Million)

51. Germany Peanut Milk Market, By Form, 2019-2030 (USD Million)

52. Germany Peanut Milk Market, By End-User, 2019-2030 (USD Million)

53. Germany Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

54. France Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

55. France Peanut Milk Market, By Application, 2019-2030 (USD Million)

56. France Peanut Milk Market, By Form, 2019-2030 (USD Million)

57. France Peanut Milk Market, By End-User, 2019-2030 (USD Million)

58. France Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

59. U.K. Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

60. U.K. Peanut Milk Market, By Application, 2019-2030 (USD Million)

61. U.K. Peanut Milk Market, By Form, 2019-2030 (USD Million)

62. U.K. Peanut Milk Market, By End-User, 2019-2030 (USD Million)

63. U.K. Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

64. Italy Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

65. Italy Peanut Milk Market, By Application, 2019-2030 (USD Million)

66. Italy Peanut Milk Market, By Form, 2019-2030 (USD Million)

67. Italy Peanut Milk Market, By End-User, 2019-2030 (USD Million)

68. Italy Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

69. Spain Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

70. Spain Peanut Milk Market, By Application, 2019-2030 (USD Million)

71. Spain Peanut Milk Market, By Form, 2019-2030 (USD Million)

72. Spain Peanut Milk Market, By End-User, 2019-2030 (USD Million)

73. Spain Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

74. Asia Pacific Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

75. Asia Pacific Peanut Milk Market, By Application, 2019-2030 (USD Million)

76. Asia Pacific Peanut Milk Market, By Form, 2019-2030 (USD Million)

77. Asia Pacific Peanut Milk Market, By End-User, 2019-2030 (USD Million)

78. Asia Pacific Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

79. Japan Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

80. Japan Peanut Milk Market, By Application, 2019-2030 (USD Million)

81. Japan Peanut Milk Market, By Form, 2019-2030 (USD Million)

82. Japan Peanut Milk Market, By End-User, 2019-2030 (USD Million)

83. Japan Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

84. China Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

85. China Peanut Milk  Market, By Application, 2019-2030 (USD Million)

86. China Peanut Milk Market, By Form, 2019-2030 (USD Million)

87. China Peanut Milk Market, By End-User, 2019-2030 (USD Million)

88. China Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

89. India Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

90. India Peanut Milk Market, By Application, 2019-2030 (USD Million)

91. India Peanut Milk  Market, By Form, 2019-2030 (USD Million)

92. India Peanut Milk Market, By End-User, 2019-2030 (USD Million)

93. India Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

94. South America Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

95. South America Peanut Milk Market, By Application, 2019-2030 (USD Million)

96. South America Peanut Milk Market, By Form, 2019-2030 (USD Million)

97. South America Peanut Milk Market, By End-User, 2019-2030 (USD Million)

98. South America Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

99. Brazil Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

100. Brazil Peanut Milk Market, By Application, 2019-2030 (USD Million)

101. Brazil Peanut Milk Market, By Form, 2019-2030 (USD Million)

102. Brazil Peanut Milk Market, By End-User, 2019-2030 (USD Million)

103. Brazil Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

104. Middle East and Africa Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

105. Middle East and Africa Peanut Milk Market, By Application, 2019-2030 (USD Million)

106. Middle East and Africa Peanut Milk Market, By Form, 2019-2030 (USD Million)

107. Middle East and Africa Peanut Milk Market, By End-User, 2019-2030 (USD Million)

108. Middle East and Africa Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

109. UAE Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

110. UAE Peanut Milk Market, By Application, 2019-2030 (USD Million)

111. UAE Peanut Milk Market, By Form, 2019-2030 (USD Million)

112. UAE Peanut Milk Market, By End-User, 2019-2030 (USD Million)

113. UAE Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

114. South Africa Peanut Milk Market, By Product Type, 2019-2030 (USD Million)

115. South Africa Peanut Milk Market, By Application, 2019-2030 (USD Million)

116. South Africa Peanut Milk Market, By Form, 2019-2030 (USD Million)

117. South Africa Peanut Milk Market, By End-User, 2019-2030 (USD Million)

118. South Africa Peanut Milk Market, By Distribution Channel, 2019-2030 (USD Million)

List of Figures 

1. Global Peanut Milk Market Segmentation

2. Global Peanut Milk Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Peanut Milk Market Attractiveness Analysis By Product Type

9. Global Peanut Milk Market Attractiveness Analysis By Application 

10. Global Peanut Milk Market Attractiveness Analysis By Form

11. Global Peanut Milk Market Attractiveness Analysis By End-User

12. Global Peanut Milk Market Attractiveness Analysis By Distribution Channel

13. Global Peanut Milk Market Attractiveness Analysis By Region

14. Global Peanut Milk Market: Dynamics

15. Global Peanut Milk Market Share By Product Type (2022 & 2030)

16. Global Peanut Milk Market Share By Application (2022 & 2030)

17. Global Peanut Milk Market Share By Form (2022 & 2030)

18. Global Peanut Milk Market Share By End-User (2022 & 2030)

19. Global Peanut Milk Market Share By Distribution Channel (2022 & 2030)

20. Global Peanut Milk Market Share By Regions (2022 & 2030)

21. Global Peanut Milk Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global peanut milk based on below mentioned segments:

Global Peanut Milk Market by Product Type  

  • Mixed
  • Pure

Global Peanut Milk Market by Application:

  • Bakery and Confectionery
  • Direct Consumptions
  • Peanut Butter and Spreads
  • Culinary Purpose
  • Dairy Products
  • Peanut Bars
  • Others

Global Peanut Milk Market by Form:

  • Liquid
  • Powder

Global Peanut Milk Market by End-User:

  • Children
  • Adult

Global Peanut Milk Market by Distribution Channel:

  • Convenience Stores
  • Supermarkets/ Hypermarkets
  • E-commerce
  • Speciality Stores
  • Others

Global Peanut Milk by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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