Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Peanut Oil Market Outlook

The global peanut oil market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032. Peanut oil has an elevated smoke point compared to other cooking oils and is used for frying food.

Peanut Oil Market

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Peanut oil does not have a distinctive functionality compared to other vegetable oils, and its demand is expected to stay stagnant over the forecast period. However, in advanced areas, the effect of fresh and unique oils is predominantly powerful, as customers have access to fresh products and a strong buying power, thus, aiding the growth of the peanut oil market. Due to the small proportion of trans fats, saturated fats, and cholesterol, peanut oil is comparatively healthier, which is further expected to aid the market growth. In addition, peanut oil’s nutty aroma is a key factor that is expected to accelerate the peanut oil market.

Properties and Applications

Peanut oil is an edible oil derived from peanut and is used either as a cooking oil or to improve the flavour of the underlying food.

Peanut Oil Market By Segments

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The peanut oil market can be divided based on segments like product types, applications, and packaging.

The industry can be divided based on product types as refined and unrefined.

The industry can be broadly categorised based on its application sectors into:

  • Food
  • Personal Care Products
  • Pharmaceutical
  • Others

The industry can be divided based on packaging as plastic bottles, plastic containers, glass containers, and plastic pouches.

The EMR report looks into the regional peanut oil markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The peanut oil market is being driven by the increasing use of peanuts for immediate production and processing. The significant factor driving the market forward is the functional characteristics of peanut oil. Peanut oil is especially suitable for deep-frying as it does not absorb the flavour of the food. Due to a small proportion of saturated fats, trans-fats, and cholesterol, it is also a comparatively healthier oil. In the context of rising consumer consciousness of health, these factors are crucial for the market growth. Peanut oil’s nutty flavour is also a significant factor influencing the market positively as it is increasingly used as a dressing and flavouring agent. However, elevated peanut oil prices and increased soybean oil demand might hamper the development of the industry in the coming years.

Peanut Oil Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global peanut oil market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Archer Daniels Midland
  • Cargill, Incorporated
  • Olam International
  • Adani Wilmar Limited.
  • Ventura Foods
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • Packaging
  • Region
Breakup by Product Type
  • Refined
  • Unrefined
Breakup by Application
  • Food
  • Personal Care Product
  • Pharmaceutical
  • Others
Breakup by Packaging
  • Plastic Bottles
  • Plastic Containers
  • Glass Containers
  • Plastic Pouches
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Archer Daniels Midland Company
  • Cargill Inc.
  • Olam International Limited.
  • Adani Wilmar Ltd.
  • Ventura Foods LLC
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5% between 2024 and 2032.

The major drivers of the market include rising pharmaceutical industry, food industry, and the increasing use of peanuts for immediate production and processing.

The peanut oil market is being aided by rising health concerns and added nutritional benefits of peanut oil over other oils.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Refined and unrefined are the leading products in the industry.

Food, personal care products, and pharmaceuticals, among others are the leading applications in the industry.

Plastic bottles, plastic containers, glass containers, and plastic pouches are the leading packaging in the industry.

The major players in the industry are Archer Daniels Midland, Cargill, Incorporated, Olam International, Adani Wilmar Limited., and Ventura Foods, among others.

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