An ounce of information
Article by Pnut King
Published on 07/23/2023 in Peanut Farming
Raw peanuts are a nutritional masterpiece. One of the healthiest snacks available, they are high in lipids, phosphorus, protein, vitamins, fibre, as well as minerals like copper, iron, potassium, magnesium, selenium, zinc, and calcium. It’s no surprise that they’re a favourite snack and ingredient worldwide.
In Indonesia, the Indian peanut is one of the most commonly consumed nuts: Projections estimate that 1.7 million metric tons of peanuts will be consumed by Indonesians by 2026 – a 0.2% increase from 2021.
With such high annual demand, it’s no surprise that producers and manufacturers are looking for more and more ways to use peanuts in their products.
Indian peanuts are primarily exported, particularly to Vietnam, Malaysia, Indonesia, Philippines, UAE, Thailand, Bangladesh, Nepal, Iran, Netherlands, Singapore, Vietnam and Malaysia.
India produces 7-8 million tonnes of unshelled peanuts in an average year, and so has a much larger potential to supply high-quality groundnuts to the international buyer.
Among Indian peanut shellers and processors, a focus on quality is growing steadily. Multiple sorting and grading are quickly becoming the norm, and Indian shippers can now prepare and provide edible peanuts that meet the highest standards.
The global peanut market is accelerating rapidly. China leads global production, and worldwide consumption is also set to continue to rise, at 3% per year until 2030 according to the United States Department of Agriculture (USDA).
Groundnut exporters have known for many years just how much demand the Indonesian market creates, as one of the world’s top importers. With extensive health benefits and a great taste, peanuts are a staple in many local dishes, from snacks to meals. Unsurprisingly, the Indian peanut is set to continue to delight Indonesian consumers for many years to come.
In fact, Indonesia’s growing food processing industry is set to increase the demand for peanut processing. Peanuts are used throughout Indonesian cuisine and in signature dishes such as satay, gado-gado, karedok, ketoprak, and pecel. All of these dishes use ample quantities of bumbu kacang (peanut sauce) for flavouring, making peanuts a staple of Indonesian food culture. As a result, the Indonesia peanut butter market alone is projected to grow at a CAGR of 1.97%, reaching a market size of US$6.458 million in 2027, an increase from US$5.633 million in 2020.
With over 17 years of experience in the peanut industry and numerous awards recognising his contributions, he founded Agrocrops in 2008, a leading global peanut company. His passion for peanuts drives his commitment to improving the industry for all stakeholders and promoting sustainability.
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