https://www.youtube.com/watch?v=VbsP57jORBs
1. Groundnut, also known as the peanut, goober, pindar, or monkey nut, and taxonomically classified as Arachis hypogaea, is a legume crop grown mainly for its edible seeds.
2. The Groundnuts market is projected to register a CAGR of 4.5 percent during the forecast period, 2021 to 2026.
3. China is the world's leading producer of groundnuts, accounting for nearly 41.0 percent of the total output.
4. Groundnuts may help with weight loss: While peanuts are high in calories, they are also rich in fiber and protein, factors that increase and prolong satiety (the sensation of being full and satisfied).
5. An Overview of the Global Groundnut market: The Groundnuts market is projected to register a CAGR of 4.5 percent during the forecast period, 2021 to 2026.
6. However, the groundnut demand has returned to pre COVID 19 levels currently and is expected to increase during the forecast period, as exporters are experiencing demand from Southeast Asian countries and the European region.
7. The increasing demand for nut based snacks, nut butter, and protein rich foods is expected to drive the high demand for peanuts globally over the forecast period, and thereby, encourage higher exports.
8. China is the world's leading producer of groundnuts, accounting for nearly 41.0 percent of the total output.
9. In 2019, China was the biggest groundnut producer with a production of 17.5 million metric tons.
10. Nigeria is the largest groundnut producer in Africa accounting for 30 percent of total Africa's nut production.
11. Nigeria accounts for approximately 7 percent of the world's peanut production, the same as the US.
12. Nigeria was the third largest groundnut consumer in 2016, having consumed approximately 3 million metric tons.
13. The US and Nigeria each account for 7 percent of the world's peanut production.
14. However, the US consumes slightly fewer peanuts compared to Nigeria.
15. The US is one of the largest peanut exporters in the world, accounting for 18 percent of the world's export in 2016.