Peanut Oil Market Size, Share, and Growth Analysis, By Source (Conventional Peanuts, Organic Peanuts), By Type (Refined, Unrefined), By Application, By Packaging, By Product, By End User, By Region - Industry Forecast 2026-2033

Global Peanut Oil Market size was valued at USD 12.1 Billion in 2024 and is poised to grow from USD 12.62 Billion in 2025 to USD 17.67 Billion by 2033, growing at a CAGR of 4.3% during the forecast period (2026-2033).

The global peanut oil market is experiencing a transformation as consumers increasingly seek healthier plant-based cooking alternatives. This shift is fueled by greater awareness of peanut oil's benefits, including its stability, versatility, and high-temperature performance. While deeply rooted in the cooking practices of many developing regions, particularly in Asia-Pacific, peanut oil is gaining traction in developed markets as businesses incorporate it into their product lines. Evolving dietary preferences have sparked interest in cold-pressed and organic options, driving demand for this versatile cooking oil. However, the market faces challenges, including price fluctuations tied to crop variability and the impact of weather on supply dynamics. Despite these hurdles, the industry is poised for growth, spurred by innovation, rising foodservice demand, and improved consumer education about oil quality.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Peanut Oil market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Peanut Oil Market Segments Analysis

Global Peanut Oil Market is segmented by Source, Type, Application, Packaging, Product, End User and region. Based on Source, the market is segmented into Conventional Peanuts, Organic Peanuts and Non-GMO Peanuts. Based on Type, the market is segmented into Refined and Unrefined. Based on Application, the market is segmented into Personal Care Products, Food, Pharmaceutical and Others. Based on Packaging, the market is segmented into Glass Containers, Plastic Containers, Cartons, Plastic Pouches and Others. Based on Product, the market is segmented into Cold Pressed and Hot Pressed. Based on End User, the market is segmented into Home, Restaurant, Food Manufacture and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Peanut Oil Market

The global peanut oil market is experiencing significant expansion, fueled by rising demand for cooking oils and processed edible oils. This growth can be attributed to the appealing flavor and high smoke point of peanut oil, which makes it an ideal choice for frying and various culinary uses. Additionally, the shift in dietary preferences and urbanization is contributing to the increased consumption of peanut oil among urban populations. Its versatility in snacks and processed foods also enhances demand. Furthermore, supportive agricultural policies aimed at enhancing peanut oil production capacity are poised to bolster the market, ensuring that it meets the evolving global culinary requirements.

Restraints in the Global Peanut Oil Market

The Global Peanut Oil market faces significant restraints due to fluctuations in peanut prices driven by climatic variations and disruptions in the supply chain. Unpredictable growing conditions contribute to heightened production costs, subsequently impacting manufacturers' profitability and hindering price stability. Additionally, challenges in market accessibility emerge when regions with volatile prices intersect with cost-sensitive markets, particularly in Africa and certain areas of the Asia Pacific. While larger companies may mitigate risks through diversified sourcing strategies, smaller producers often struggle to adopt similar practices. This disparity limits overall market expansion potential and creates inconsistencies in supply throughout the industry.

Market Trends of the Global Peanut Oil Market

The Global Peanut Oil market is experiencing a notable shift towards health-conscious consumption, with an increasing demand for cold-pressed and organic varieties. As consumers prioritize clean-label and minimally processed products, peanut oil has emerged as a favored choice within urban and health-oriented segments. This growing preference has prompted manufacturers to innovate by introducing premium lines that emphasize natural production methods, such as "chemical-free" and "farm-to-bottle" offerings. This trend reflects a broader global movement toward health and wellness, as more individuals seek out oils that align with their dietary values, positioning peanut oil as a key player in the competitive edible oils landscape.