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Drinkable peanut powder market analysis | Coherent Market Insights

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Drinkable peanut powder market analysis | Coherent Market Insights

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. DRINKABLE PEANUT POWDER MARKET ANALYSIS • Drinkable Peanut Powder Market, By Type (Soluble (Powder), Insoluble (Particle)), By Application (Shakes, Smoothies, Flavored Beverages), By Distribution (Super Markets & Hypermarket, Departmental stores, Online Retailing), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 • The global drinkable peanut powder market is projected to reach around US$ 941.4 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2019-2027).

  3. Drivers • Growing demand for flavored beverages around the globe is projected to propel the market growth of drinkable peanut powder. For instance, in September 2019, PB2 Foods adds peanut powder to functional foods. PB2 with Pre + Probiotics contains 6 grams of plant-based protein per 13 grams serving, which amounts to about 2 tablespoons. It also has just 60 calories and 1.5 grams of fat per serving, or roughly 90% less fat and nearly 70% fewer calories than traditional peanut butter.

  4. Rising demand for plant-based protein is fueling demand for drinkable peanut powder. Owing to, manufacturers are producing peanut powder based beverages that are rich in plant-based protein and low-fat content. For these various food and beverages, producers are focusing on incorporating peanut flour into powders, protein shakes, and smoothies. For instance, in January 2016, Santa Cruz Organic, one major organic peanut butter makers, launched Santa Cruz Organic peanut powder, to be used in smoothies and other peanut butter recipes. • On basis of the region, North America region dominated the global drinkable peanut powder market in 2018, accounting for 38% share in terms of volume, followed by Europe and Asia Pacific, respectively.

  5. Figure 1. Global Drinkable Peanut Powder Market, Revenue Share (%), By Region, 2018

  6. Market Restraints • Side-effects associated with the consumption of peanuts is expected to hinder the market growth of drinkable peanut powder over the forecast period. Recent studies have revealed that food products such as corn and peanuts contain a carcinogen called Aflatoxin, which leads to liver cancer and other diseases that have a bad impact on the heart and kidneys. This factor is projected to restrict the market growth of global drinkable peanut powder

  7. Lack of awareness regarding the benefits of peanuts across underdeveloped countries is another major factor that can hamper the market growth of drinkable peanut powder in the near future. Owing to lack of disposable income and proper knowledge people are facing food safety and insecurity issues. This factor is projected to curb the market growth of global drinkable peanut powder over the forecast timeframe.

  8. Market Opportunities • Growing demand for peanut-based supplement product among consumer will offer numerous growth opportunity to the market of global drinkable peanut powder market. For instance, in March 2016, to benefit older adults who are at a high risk of protein-energy malnutrition, scientists from the University of Georgia developed a peanut-based beverage supplement. This product is assured to improve the health status of older people.

  9. Increasing demand for protein-based energy drink among athletes and people who are looking for healthy lifestyle is expected to foster the market growth of global drinkable peanut powder over the forecast timeframe. For instance, in December 2019, Soylent Nutrition, Inc., the makers of Soylent Drinks, Powder and Soylent Squared, has introduced a Soylent Stacked - the first complete energy drink to fuel the mind and body. The new 11 oz ready-to-drink product contains complete nutrition in the form of plant protein, healthy fats, slow-burning carbs and essential nutrients. 

  10. Figure 2. Global Drinkable peanut powder Market– Opportunity Analysis

  11. Market Trends • Expanding distribution channels such as supermarkets and hypermarkets around the globe especially in the U.S. region is expected to add immense growth to the market of drinkable peanut powder. According to the Dotdash, the world's largest supermarket chain is U.S.-based Kroger Co., with US$ 119.0 billion in retail revenue in fiscal year 2017. Therefore, a growing distribution channel is projected to foster market growth.

  12. Increasing consumption and imports of peanuts products in Europe is estimated to impact the market growth positively over the forecast period. According to the Centre for the Promotion of Imports, Europe is a large market for groundnuts, with an estimated average consumption of 650 thousand tons per year. Imports show a growing market, with an average annual increase of 2% in volume and 3.9% in value from 2013 to 2017. The Netherlands accounted for 40% of total European imports in 2017

  13. Figure 3. Global Drinkable Peanut Powder Market, Revenue Share (%), By Application, in 2018

  14. Competitive Section • Key players operating in global drinkable peanut powder market are The J.M. Smucker Company, Golden Peanut and Tree Nuts, Santa Cruz Natural Incorporated, Bell Research Companies, Peanut Butter & Co., The Tru-Nut Company, Sukrin Ltd., Protein Plus, LLC, Better Body Foods, Nutrinity Foundation • Few Recent Developments • The J.M. Smucker Company • In February 2015, the company launched chocolate and regular peanut powder, under brand name Jif peanut powder. • In August 2015, the company created Jif Peanut Butter Granola Bars by blending chewy granola and creamy peanut butter. Three varieties of this bar include peanut butter chocolate flavored, creamy peanut butter, and crunchy peanut butter.

  15. REQUEST SAMPLE • DOWNLOAD PDF • REQUEST CUSTOMIZATION • TALK TO ANALYST REFERENCE https://www.coherentmarketinsights.com/market-insight/drinkable-peanut-powder-market-2136

  16. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  17. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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