Peanut Oil Market Synopsis

Peanut Oil Market Size Was Valued at USD 10397.20 Million in 2023 and is Projected to Reach USD 15318.66 Million by 2032, Growing at a CAGR of 4.4% From 2024-2032.

Groundnut is prized for both its tasty seeds and high oil content. Concerning vegetable protein, it ranks third globally and is the world's fourth-most significant source of edible oil. India's main crop for oilseeds, groundnuts is also a significant agricultural export good. Groundnut production spans 327 lakh hectares worldwide, yielding 539 million tonnes of productivity per hectare at a productivity of 1648 kg (FAOSTAT, 2021).

• India leads the world in groundnut cultivation area under cultivation, with 54.2 lakh hectares of annual all-season coverage. It is the second-largest producer in the world, with 101 lakh tonnes and 1863 kg of productivity per hectare in 2021–2022Groundnut production in Kharif 2022–2023 was 45.53 lakh hectares (1st advance estimates) at 83.69 lakh tons. Although groundnuts are grown in the kharif, rabi, and summer seasons, kharif crop accounts for around 90% of the acreage and production (June to October). According to des.ap.gov.in, Andhra Pradesh's 5.19 lakh tons of groundnut production, grown on 8.23 lakh hectares, accounts for 6.20% of India's total groundnut production for the 2021–2022 year. First estimate projections for 2022–2023 state that 6.04 lakh hectares of groundnuts were cultivated, yielding 4.87 lakh tonnes of output with a productivity of 806 kg/ha.

Peanut Oil Market Trend Analysis

Specialized Peanut Oils Transforming Salad Dressing

• The preference of manufacturers for specialized oils, especially those intended for salad dressing applications, is a noteworthy trend in the peanut oil market. These oils are becoming more and more popular with consumers because of the flavour and aroma they add to otherwise boring salads. In response to consumer demand, manufacturers are providing customizable alternatives for edible oils, enabling customers to customize their goods to suit individual preferences and tastes.
• Customers are especially drawn to peanut oil because of its naturally buttery texture and nutty characteristics, which improve the flavor and scent of salads and other culinary items. To satisfy customer demand for healthier options, edible oil manufacturers are also concentrating on enhancing nutritional profiles and providing fortified options. Businesses can stand out from the competition in the market by offering oils with extra functionality, including improved nutritional advantages, which meet the changing demands and tastes of consumers who are health-conscious.

Rising Consumer Awareness Fuels Demand for Peanut Oil Across Pharmaceuticals and Personal Care

• The peanut oil market is booming, owing to its increased use in pharmaceuticals and the growing emphasis on health and fitness activities. As customers become more aware of the health benefits of peanut oil, market actors must innovate to remain competitive. This increased consumer awareness is also fueling demand for peanut oil in the cosmetics and personal care industries.
• The availability of knowledge on homemade cures for skin disorders and personal care has helped the trend, prompting people to use medicinally helpful oils such as peanut oil in their DIY personal care products. As the demand for natural and health-conscious components grows, peanut oil emerges as a versatile and sought-after choice, meeting both medical and cosmetic purposes.

Peanut Oil Market Segment Analysis:

Peanut Oil Market is segmented based on Type, Application, Distribution Channel, And Region.

By Type, Refined Segment is Expected to Dominate the Market During the Forecast Period

• The increasing knowledge of peanut oil's nutritional worth and health advantages among consumers is driving up demand for it. The demand for peanut oil and its derivatives is being driven by a greater awareness of health issues, especially in the refined segment of the market. Demand for refined peanut oil is rising in both residential and commercial kitchens due to its adaptability and stability throughout cooking procedures.
• Although unprocessed peanut oil is still available in the market, customers are prioritizing ecologically friendly products and transparency in sources, hence the trend is moving towards organic varieties. In response to changing consumer tastes, there is a wider shift towards cleaner and more sustainable consumption patterns, which is reflected in this trend. Refined peanut oil's neutral flavor and high smoke point make it a popular option for a variety of culinary uses, which increases its market appeal. Its popularity in culinary contexts stems from its capacity to preserve food texture while adding a pleasing flavor.
• All things considered, the benefits of refined peanut oil in cooking, along with consumers' inclination for organic products and health consciousness, are propelling the market's expansion. Producers and suppliers of peanut oil are positioned to benefit from these changes as customer demand continues to change by providing upscale, eco-friendly products that satisfy discriminating consumers.

By Application, Food Segment Held the Largest Share in 2023

• Demand for peanut oil has increased significantly, especially in the food sector, as a result of customer preferences for more wholesome and nutrient-dense products. This increase is due to people's increasing desire for functional meals and drinks that are enhanced with natural ingredients, which is in line with the movement towards healthy eating practices. Furthermore, the food market has grown even faster thanks to the advent of snacking culture.
• The popularity of peanut oil is a result of its high smoke point and adaptable cooking qualities, which make it perfect for deep-frying, frying, and other cooking techniques. It is a popular option for frying snacks, poultry, seafood, and other meals among chefs and home cooks due to its ability to produce crispy and light textures in fried items. Peanut oil is a common cooking oil used in both home and commercial kitchens, meeting the changing needs and tastes of consumers who want more palatable and healthful food options.

Peanut Oil Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The Asia-Pacific peanut oil market is anticipated to develop at a high compound annual growth rate (CAGR) over the projected period. The Asia-Pacific region is experiencing a surge in demand for peanut oil due to factors such as growing e-commerce, health concerns, production, and online grocery shopping, which have made it more convenient for customers to obtain a greater variety of peanut oil. The greatest market for peanut oil is in Asia-Pacific. China and India account for a sizable portion of the world's consumption of peanut oil.

• The Department of Agriculture of the United States states that in the fiscal year 2021, China consumed around 3.28 million metric tons of peanut oil, while India consumed 1,170,000 thousand metric tons. Asian countries primarily utilize peanut oil for cooking since it gives food a distinct color, a neutral flavor, and a pleasing perfume. It aids in enhancing the flavor of the meal that is presented. The Peanut Institute claims that refined peanut oil is perfect for deep frying because of a special property. Refined peanut oil is one of the most popular deep-frying oils in the world, not only for its great flavor but also for its ability to attain a high temperature that keeps food's exterior crispy and interior incredibly moist.
• Although both varieties of peanut oil are utilized for a variety of culinary purposes, many eateries have long favored refined peanut oil for frying because of its versatility and consistent flavor, according to the same organization. Peanut oil can help reduce a consumer's low-density lipoprotein (LDL), or bad cholesterol because it has a high concentration of heart-healthy monounsaturated fat. The Asia-Pacific area continues to dominate because people in this region use peanut oil in their daily routines due to its numerous health benefits.

Peanut Oil Market Top Key Players:

• Cargill (USA)
• Archer Daniels Midland Company (USA)
• Wilmar International Limited (Singapore)
• Bunge Limited (USA)
• Louis Dreyfus Company (Netherlands)
• Marico Limited (India)
• Adani Wilmar Limited (India)
• Borges International Group (Spain)
• Oliyar (Ukraine)
• Amanah Oil (South Africa)
• Gemini Edibles & Fats India Pvt. Ltd. (India)
• VVF Limited (India)
• Liberty Oil Mills Ltd. (India)
• P.T. Tunas Baru Lampung Tbk (Indonesia)
• Qingdao Changshou Foods Co., Ltd. (China)
• Liberty Oil Mills Limited (India)
• PT. Cisadane Sawit Raya (Indonesia)
• Sonasudu Limited (Uganda)
• Triveni Oils (India)
• Ambo Exports Industries Pvt Ltd. (India)
• Hunan Xianghe Food Co., Ltd. (China)
• Akbar Brothers (Pvt) Ltd. (Sri Lanka)
• Sayaji Industries Limited (India)
• Kaissa Oils (Ukraine)
• Mewah Group (Singapore)
• Gokul Refoils and Solvent Limited (India)
• Manishankar Oils Pvt. Ltd. (India)
• Aparna Industries Ltd. (India)
• EFKO Group (Russia)
• Fujian Kangquan Foodstuff Co., Ltd. (China), and Other Active Players.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. PEANUT OIL MARKET BY TYPE (2017-2032)
   1. PEANUT OIL MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. REFINED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. UNREFINED
7. PEANUT OIL MARKET BY APPLICATION (2017-2032)
   1. PEANUT OIL MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. COSMETICS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FOOD
   5. PHARMACEUTICALS
8. PEANUT OIL MARKET BY DISTRIBUTION CHANNEL (2017-2032)
   1. PEANUT OIL MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SUPERMARKETS AND HYPERMARKETS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. ONLINE
   5. BUSINESS TO BUSINESS
   6. RETAIL STORES
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Peanut Oil Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. CARGILL (USA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. ARCHER DANIELS MIDLAND COMPANY (USA)
   4. WILMAR INTERNATIONAL LIMITED (SINGAPORE)
   5. BUNGE LIMITED (USA)
   6. LOUIS DREYFUS COMPANY (NETHERLANDS)
   7. MARICO LIMITED (INDIA)
   8. ADANI WILMAR LIMITED (INDIA)
   9. BORGES INTERNATIONAL GROUP (SPAIN)
   10. OLIYAR (UKRAINE)
   11. AMANAH OIL (SOUTH AFRICA)
   12. GEMINI EDIBLES & FATS INDIA PVT. LTD. (INDIA)
   13. VVF LIMITED (INDIA)
   14. LIBERTY OIL MILLS LTD. (INDIA)
   15. P.T. TUNAS BARU LAMPUNG TBK (INDONESIA)
   16. QINGDAO CHANGSHOU FOODS CO., LTD. (CHINA)
   17. LIBERTY OIL MILLS LIMITED (INDIA)
   18. PT. CISADANE SAWIT RAYA (INDONESIA)
   19. SONASUDU LIMITED (UGANDA)
   20. TRIVENI OILS (INDIA)
   21. AMBO EXPORTS INDUSTRIES PVT LTD. (INDIA)
   22. HUNAN XIANGHE FOOD CO., LTD. (CHINA)
   23. AKBAR BROTHERS (PVT) LTD. (SRI LANKA)
   24. SAYAJI INDUSTRIES LIMITED (INDIA)
   25. KAISSA OILS (UKRAINE)
   26. MEWAH GROUP (SINGAPORE)
   27. GOKUL REFOILS AND SOLVENT LIMITED (INDIA)
   28. MANISHANKAR OILS PVT. LTD. (INDIA)
   29. APARNA INDUSTRIES LTD. (INDIA)
   30. EFKO GROUP (RUSSIA)
   31. FUJIAN KANGQUAN FOODSTUFF CO., LTD. (CHINA)
10. GLOBAL PEANUT OIL MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Application
       5. Historic And Forecasted Market Size By Distribution Channel
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies