The domestic consumption of peanut meal in the US is on a slightly ascending trend with a growth forecast from 2024 to 2028, starting at 1.51 million metric tons in 2024 and reaching 1.55 million metric tons in 2028. In 2023, consumption was at 1.50 million metric tons, marking a steady year-on-year growth of approximately 0.66% through this period. Over five years, the compound annual growth rate (CAGR) is around 0.66%, indicating consistent albeit slight increases each year.
Future trends to watch for include potential shifts in agricultural policies, health trends emphasizing plant-based proteins, and global peanut market dynamics that could impact domestic consumption patterns. Changing dietary preferences and supply chain efficiencies might also drive further fluctuations in peanut meal consumption rates.
