The global market for Peanut Oil was valued at US$10.6 Billion in 2024 and is projected to reach US$12.6 Billion by 2030, growing at a CAGR of 2.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The market for peanut oil has seen diverse applications beyond just culinary uses. It is employed in the manufacturing of cosmetics and personal care products, such as moisturizers and lotions, due to its hydrating properties and vitamin E content. Additionally, peanut oil is used in the pharmaceutical industry as an excipient in medications, aiding the absorption of soluble drugs. Its application in these industries has been influenced by the growing trend towards natural and organic ingredients in product formulations. The demand for peanut oil in the food industry continues to rise with the increasing popularity of ethnic cuisines that traditionally use this oil. Furthermore, as consumers become more health-conscious, there is a growing preference for oils like peanut oil that offer health benefits, including lower cholesterol levels and improved heart health, compared to traditional animal fats or hydrogenated oils.
The growth in the peanut oil market is driven by several factors, including technological advancements in oil extraction and processing, which have improved yield and quality while reducing costs. These advancements have made peanut oil more competitive against other vegetable oils. Consumer behavior also plays a significant role, as there is an increasing demand for healthier cooking oils due to rising health consciousness. The market has responded with a variety of product offerings tailored to health and dietary preferences, such as organic and non-GMO peanut oil. Additionally, the expansion of global cuisine and the growing popularity of Asian and African foods in Western countries have broadened the consumer base for peanut oil. Environmental and sustainability concerns have prompted manufacturers to adopt more eco-friendly practices and transparent supply chains, further appealing to today's informed and environmentally aware consumers. These factors together ensure that the peanut oil market continues to expand and adapt, meeting the evolving needs and preferences of a diverse global audience.
Global Peanut Oil Market - Key Trends and Drivers Summarized
Peanut oil, also known as groundnut oil, is a popular edible oil extracted from the seeds of the peanut plant. Its mild flavor and high smoke point make it ideal for frying, cooking, and even in salad dressings. Peanut oil is particularly valued in Asian, American, and African cuisines, where it enhances the flavor profile of dishes without overpowering the main ingredients. It is available in several varieties, including refined, unrefined, cold-pressed, and roasted, each offering distinct flavors and cooking properties. Nutritionally, peanut oil is prized for its balance of monounsaturated and polyunsaturated fats, which are beneficial to heart health. It is also a source of vitamin E, an antioxidant that contributes to skin health and immune function. Despite its health benefits, peanut oil is a concern for people with peanut allergies, as it can trigger severe reactions depending on the processing method used.The market for peanut oil has seen diverse applications beyond just culinary uses. It is employed in the manufacturing of cosmetics and personal care products, such as moisturizers and lotions, due to its hydrating properties and vitamin E content. Additionally, peanut oil is used in the pharmaceutical industry as an excipient in medications, aiding the absorption of soluble drugs. Its application in these industries has been influenced by the growing trend towards natural and organic ingredients in product formulations. The demand for peanut oil in the food industry continues to rise with the increasing popularity of ethnic cuisines that traditionally use this oil. Furthermore, as consumers become more health-conscious, there is a growing preference for oils like peanut oil that offer health benefits, including lower cholesterol levels and improved heart health, compared to traditional animal fats or hydrogenated oils.
The growth in the peanut oil market is driven by several factors, including technological advancements in oil extraction and processing, which have improved yield and quality while reducing costs. These advancements have made peanut oil more competitive against other vegetable oils. Consumer behavior also plays a significant role, as there is an increasing demand for healthier cooking oils due to rising health consciousness. The market has responded with a variety of product offerings tailored to health and dietary preferences, such as organic and non-GMO peanut oil. Additionally, the expansion of global cuisine and the growing popularity of Asian and African foods in Western countries have broadened the consumer base for peanut oil. Environmental and sustainability concerns have prompted manufacturers to adopt more eco-friendly practices and transparent supply chains, further appealing to today's informed and environmentally aware consumers. These factors together ensure that the peanut oil market continues to expand and adapt, meeting the evolving needs and preferences of a diverse global audience.
Report Scope
The report analyzes the Peanut Oil market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Type (Refined Peanut Oil, Unrefined Peanut Oil); Distribution Channel (Business to Business, Supermarkets / Hypermarkets, Online Distribution Channel, Other Distribution Channels); Application (Food Application, Personal Care Application, Pharmaceuticals Application, Pharmaceuticals Application).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Refined Peanut Oil segment, which is expected to reach US$11 Billion by 2030 with a CAGR of a 3.2%. The Unrefined Peanut Oil segment is also set to grow at 1.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $2.9 Billion in 2024, and China, forecasted to grow at an impressive 5.7% CAGR to reach $2.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amanah Oil Cc, Archer Daniels Midland Company, Bon Organics, Cargill Incorporated, Conscious Food Pvt. Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Peanut Oil Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Peanut Oil Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Peanut Oil Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 35 major companies featured in this Peanut Oil market report include:
- Amanah Oil Cc
- Archer Daniels Midland Company
- Bon Organics
- Cargill Incorporated
- Conscious Food Pvt. Ltd.
- Expo Organics
- Glentham Life Sciences Limited
- Jinsheng Cereals & Oils Foods Group Co.,Ltd (Jinsheng Group)
- Liberty Oil Mills Limited
- Louis Dreyfus Company B.V.
- Qingdao Changsheng Group Co., Ltd.
- Spectrum Organic Products LLC
- Ventura Foods, LLC
- Wilmar International Limited
- Yihai Kerry Arawana Holdings Co., Ltd
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amanah Oil Cc
- Archer Daniels Midland Company
- Bon Organics
- Cargill Incorporated
- Conscious Food Pvt. Ltd.
- Expo Organics
- Glentham Life Sciences Limited
- Jinsheng Cereals & Oils Foods Group Co.,Ltd (Jinsheng Group)
- Liberty Oil Mills Limited
- Louis Dreyfus Company B.V.
- Qingdao Changsheng Group Co., Ltd.
- Spectrum Organic Products LLC
- Ventura Foods, LLC
- Wilmar International Limited
- Yihai Kerry Arawana Holdings Co., Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 77 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 10.6 Billion |
| Forecasted Market Value ( USD | $ 12.6 Billion |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Global |
