How Has the Peanut Oil Market Size Evolved in Recent Years?
The peanut oil market has seen considerable growth due to a variety of factors.
• The peanut oil market has experienced strong growth in recent years. It will grow from $10.25 billion in 2024 to $10.81 billion in 2025, at a compound annual growth rate (CAGR) of 5.5%.
This growth is driven by rising demand for processed food, increasing consumer awareness, the popularity of peanut oil in cosmetics and personal care, and government support for agriculture.
What Is The Forecast For The Peanut Oil Market Size?
The peanut oil market is expected to maintain its strong growth trajectory in upcoming years.
• The peanut oil market is projected to reach $13.32 billion by 2029, with a CAGR of 5.4%.
Growth is driven by the rise of quick-service restaurants, increasing disposable income, health awareness, and food expenditure. Trends include novel processing technologies, cold pressing technology, and advanced oil processing techniques.
What Are The Essential Drivers Behind The Growth Of The Peanut Oil Market?
The progression of the peanut oil market is anticipated to be spurred by the escalating consciousness of consumers and their attention to health matters. The rising consumer perception and health apprehensions are caused by easier access to information, enhanced demands for transparency in products, and an increased focus on personal health. Due to its value in supporting cardiac, dermal, cerebral health, and immunity, peanut oil serves as a multifunctional culinary oil and is particularly beneficial to those focused on their well-being, when used in moderation. As per an online study administered by the International Food Information Council, a non-profit organization from the United States, it was found that in May 2022, 52% of the 1,005 American survey participants aged between 18 to 80 had adopted a certain diet or eating patterns, a jump from 39% in 2021. This amplified attention to dieting mainly came from consumers below 50 years of age. Some of the prevalent eating patterns this year are clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%). Thus, the ascent in consumer awareness and concern for health is deemed to stimulate the market for peanut oil.
How Is The Global Peanut Oil Market Divided Into Key Segments?
The peanut oil market covered in this report is segmented –
1) By Type: Refined, Un-Refined
2) By Packaging: Glass Containers, Plastic Containers, Cartons, Plastic Pouches, Other Packaging Types
3) By Distribution Channel: Business To Business, Hypermarket Or Supermarket, Online Sales Channels, Independent Retail Stores
4) By Application: Personal Care Products, Food, Pharmaceutical, Other Application
5) By End Users: Home, Restaurant, Food Manufacture, Other End Users
Subsegments:
1) By Refined Peanut Oil: Bleached Peanut Oil, Deodorized Peanut Oil, Hydrogenated Refined Peanut Oil, Fully Refined Peanut Oil For Cooking, Refined Peanut Oil For Industrial Applications, Refined Peanut Oil For Cosmetic Products
2) By Un-Refined Peanut Oil: Cold-Pressed Un-Refined Peanut Oil, Expeller-Pressed Un-Refined Peanut Oil, Organic Un-Refined Peanut Oil, Virgin Un-Refined Peanut Oil, Un-Refined Peanut Oil For Cooking And Culinary Uses, Un-Refined Peanut Oil For Cosmetic And Personal Care Products
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What Trends Are Shaping The Peanut Oil Market?
Major corporations in the peanut oil industry are concentrating on generating unique product options, such as cold-pressed groundnut oils, aiming to gain a share of the swiftly expanding premium cold-pressed oils section. Cold-pressed groundnut oils are essentially peanut or groundnut oils that are extricated utilizing conventional cold-pressed procedures without resorting to heat or chemical methods. For instance, in August 2023, Tata Consumer Products, a company based in India that manufactures and supplies food and beverages to consumers, introduced a novel selection of 100% authentic and unrefined cold-pressed oils with the objective of making high-quality oils both accessible and reasonably priced for a broad consumer base. The ensemble of Tata Simply Better Cold Pressed Oils includes four different types such as cold-pressed groundnut oil, virgin cold-pressed coconut oil, cold-pressed mustard oil, and cold-pressed sesame (gingelly) oil. This introduction of a new collection of cold-pressed oils is a part of Tata's strategy to reshape the norms in this rapidly evolving segment and offer consumers nutritious substitutes that foster overall health.
Who Are the Key Players In The Peanut Oil Market?
Major companies operating in the peanut oil market are:
• Cargill Inc.
• Archer Daniels Midland Company
• Wilmar International Limited
• Bunge Limited
• CHS Inc.
• Olam International
• Yihai Kerry Investments Co. Ltd.
• Louis Dreyfus Company
• Adani Wilmar
• Ruchi Soya Industries Ltd.
• Hain Celestial Group
• J-Oil Mills Inc.
• Lam Soon Group
• Ventura Foods
• Agarwal Industries Pvt. Ltd.
• Liberty Oil Mills Ltd.
• Golden Peanut and Tree Nuts
• Catania Oils
• Planters Peanut Co.
• Agro Indonesia
• Manishankar Oils Pvt. Ltd.
• Shree Ram Proteins Ltd
• Kothari Oils
What Are The Regional Insights Into The Peanut Oil Market?
Asia-Pacific was the largest region in the peanut oil market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the peanut oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
