The concept of Peanut World began in 1996 when its owners noticed a small store selling peanuts. The number of customers buying peanuts drew their attention, and being peanut lovers themselves they started conceptualizing and researched on the business. Thus starting their first Peanut World cart business which located was in Ever Gotesco Grand Central ( Trade name then was still JM Nuts and Hot Castanas). With the success of its first store, the owner applied with SM Supermalls and from then on started expanding their food cart business under the trade name JM Peanut World.
With the success of their stores, the owners decided to open the business to franchising. The company joined Association of Filipino Franchisers Inc. (AFFI) and launched during the 2006 franchise show held in SM Megatrade. As of now, there are thirty (30) outlets of Peanut World. Twenty-one (21) of which are company-owned and Nine (9) are franchised.