PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1621913
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1621913
Peanut Oil Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Peanut Oil Market, valued at USD 10.8 billion in 2023, is anticipated to grow at a CAGR of 3.4% between 2024 and 2032. This growth is backed by growing consumer awareness of the health benefits of peanut oil, such as its ability to promote heart health and manage cholesterol levels. Health-conscious consumers are favoring crude peanut oils. The Asia-Pacific region is seeing the most notable growth, as peanut oil is a cooking staple in this area. A key factor in the peanut oil market's expansion is the growing preference for oils with high monounsaturated fat content and a balanced omega-6 to omega-3 ratio.
The rising demand for natural and organic products, coupled with the boom in the food service industry-especially in Asian cuisine-is significantly boosting the market. The refined peanut oil segment stood at USD 6 billion in 2023 and is projected to grow at a 3.5% CAGR from 2024 to 2032. Its popularity stems from its high smoke point and neutral flavor, making it ideal for cooking, frying, and food processing. The refining process also improves its stability and shelf life, which is appealing to both manufacturers and consumers seeking durable, high-quality oils. The food industry accounted for USD 6.5 billion of the peanut oil market in 2023 and is expected to grow at a 3.4% CAGR through 2032. Peanut oil's extensive use in cooking and frying, particularly in Asian, African, and Middle Eastern cuisines, drives demand in this segment.
Its high smoke point makes it perfect for deep frying, increasing its popularity in restaurants and food service outlets. Additionally, the growing trend toward convenience foods and ready-to-eat products has further fueled its usage in processed food production. China peanut oil market was valued at USD 2.2 billion in 2023 and is expected to grow at a 3.1% CAGR by 2032. China benefits from its robust agricultural infrastructure and favorable conditions for peanut cultivation. The necessity for peanut oil in Chinese cuisine, especially for frying and stir-frying, strengthens its market leadership.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $10.8 Billion |
| Forecast Value | $14.5 Billion |
| CAGR | 3.4% |
Moreover, rising disposable incomes and a shift toward healthier cooking oils further enhance domestic consumption.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Increasing health consciousness among consumers
- 3.6.1.2 Rising demand for natural and organic food products
- 3.6.1.3 Growing usage in the cosmetics and personal care industry
- 3.6.1.4 Expansion of the food service sector and restaurants
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Price volatility of raw peanuts
- 3.6.2.2 Competition from alternative edible oils
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021-2032 (USD Billion) (Kilo Tons)
- 5.1 Key trends
- 5.2 Refined peanut oil
- 5.3 Unrefined peanut oil
- 5.4 Peanut oil blends
- 5.5 Cold-pressed
Chapter 6 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion) (Kilo Tons)
- 6.1 Key trends
- 6.2 Food industry
- 6.3 Cosmetics and personal care
- 6.4 Industrial applications
- 6.5 Others
Chapter 7 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Kilo Tons)
- 7.1 Key trends
- 7.2 Online retail
- 7.3 Offline retail
Chapter 8 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
Chapter 9 Company Profiles
- 9.1 Adani Enterprises
- 9.2 Archer Daniels Midland
- 9.3 Cargill
- 9.4 COFCO
- 9.5 Lorenzati Ruetsch y Cia
- 9.6 Louis Dreyfus
- 9.7 Olam International
- 9.8 The Hain Celestial Group
- 9.9 The J.M. Smucker
- 9.10 Wilmar International
