Peanut Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global peanut oil market is poised for expansion due to increasing demand from the food and beverage industry. As health consciousness rises among consumers, peanut oil is gaining popularity for its health benefits, particularly its low saturated fat content and absence of trans fats. This shift in consumer preferences has driven manufacturers to introduce healthier and fortified edible oils to meet the growing demand.The market is projected to reach $10.82 billion in 2024 and is expected to grow to $14.07 billion by 2031, reflecting a CAGR of 3.80%.

Peanut Oil Consumption Analysis

In the past, the peanut oil market has shown steady growth, reflecting increasing awareness of its benefits and diverse applications. The market's growth trajectory is expected to continue as consumers become more knowledgeable about the health advantages associated with peanut oil. This oil is often regarded as one of the healthiest cooking oils available, making it an attractive option for those seeking to improve their diet and lifestyle.

The consumption patterns of edible oils are evolving as health-conscious consumers seek out products that align with their dietary needs. This trend has led to significant changes in the edible oil market, with peanut oil emerging as a favored choice among consumers. Additionally, the expansion of modern trade channels in developing regions has increased the accessibility and availability of peanut oil, further driving its consumption.

Country-wise Insights

Europe: A Promising Market for Peanut Oil

Europe, particularly Italy, presents a promising growth opportunity for the peanut oil market. The demand for peanut oil in this region is on the rise, largely due to its healthy fat content and its ability to preserve the natural taste of food during preparation. This makes it an ideal choice for food manufacturers across Europe, who are increasingly incorporating peanut oil into their products.

China: The Dominant Market in East Asia

China remains the largest market for peanut oil in East Asia, driven by increasing health awareness among consumers. As the world's leading producer of peanut oil, China plays a significant role in the global market. The country's strong market share in East Asia is a testament to the growing popularity of peanut oil among Chinese consumers who prioritize health and wellness in their dietary choices.

Category-wise Insights

Conventional Peanut Oil: The Most Demanded

When it comes to the type of peanut oil, conventional peanut oil continues to dominate the global market. Despite the growing preference for organic products worldwide, conventional peanut oil maintains a significant market share. This is due to its widespread availability and cost-effectiveness, making it a preferred choice for consumers across the globe.

Foodservice and Retail: Key Drivers of Demand

The foodservice and retail/household industries are the primary drivers of demand for peanut oil. These industries are expected to continue their robust growth, offering lucrative opportunities for peanut oil manufacturers. The foodservice industry, in particular, is witnessing increased demand for peanut oil due to its versatility and health benefits. Similarly, the retail/household sector is also experiencing growth, as consumers increasingly turn to peanut oil for their cooking needs.

Competitive Analysis

The competitive Analysis of the peanut oil market is characterized by major manufacturers focusing on expansion, innovation, and research and development (R&D) to meet the evolving needs of consumers. Companies are striving to improve their operational and innovative capabilities to maintain a competitive edge in the market.

Key companies profiled

• Cargill, Incorporated
• Archer Daniels Midland Company
• AAK Kamani Pvt. Ltd
• Patanjali Ayurved Limited incorporated
• Ventura Foods Canada.
• Saraswathi Mills
• Bunge Limited
• Liberty Oil Mills Ltd.
• Mother Dairy Fruits & Vegetable Pvt Ltd
• ALDI Inc
• Adani Wilmar International
• Hain Celestial Group, Inc.
• CHS Inc.
• Golden Peanut and Tree Nuts

Peanut Oil Industry Research by Category

By Nature:

• Organic
• Conventional

By End Use:

• Food Processing Industry
• Foodservice Industry
• Retail/Household

By Distribution Channel:

• Business to Business
• Business to Consumer
• Hypermarkets/Supermarkets
• Convenience Stores
• Online Retail
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

This product will be delivered within 1-3 business days.