In 2023, India had the largest peanut meal planted area at 5.5 million hectares, followed by China with 4.82 million hectares, indicating their dominance in the market. Countries such as Senegal and Chad also showed notable contributions, although much smaller in scale. Among the largest year-on-year increases were Burkina Faso and Brazil, reflecting significant growth in their peanut cultivation sector. Conversely, Mozambique and Uganda experienced declines, highlighting challenges in their agricultural outputs. Overall, South Africa demonstrated remarkable growth with a 14.87% increase, suggesting a focus on expanding peanut cultivation area significantly.
Looking ahead to 2024, it will be crucial to watch the continued growth in emerging African markets, where climatic conditions and policy shifts might further influence expansion. Additionally, India's growth trajectory will be vital as it could impact global supply trends. The potential effects of technological advancements and crop management practices in boosting yields also point towards areas that might affect future peanut meal planted areas globally.
Top countries in Peanut Meal Planted Area by Country
| # | 10 Countries | Thousand Hectares | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 5,500 | 2023 | -5.17% | +2.55% | View data |
| 2 | 2 China | 4,820 | 2023 | +0.42% | +0.85% | View data |
| 3 | 3 Senegal | 1,230 | 2023 | 0% | +1.54% | View data |
| 4 | 4 Chad | 760 | 2023 | +0.66% | -0.77% | View data |
| 5 | 5 United States | 650 | 2023 | +0.62% | +2.41% | View data |
| 6 | 6 Burkina Faso | 640 | 2023 | +1.59% | +9.86% | View data |
| 7 | 7 Democratic Republic of the Congo | 530 | 2023 | 0% | +1.38% | View data |
| 8 | 8 Cameroon | 430 | 2023 | 0% | 0% | View data |
| 9 | 9 Mozambique | 380 | 2023 | 0% | -5.53% | View data |
| 10 | 10 Argentina | 380 | 2023 | -5% | +2.86% | View data |
