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Peanut Oil Market

Global Market Study on Peanut Oil: Buoyant demand from food processing Industry is driving the market growth

Peanut Oil Market Segmented By Organic and Conventional Nature in Food Industry, Food Service Industry, Household/Retail

Peanut Oil Market Outlook (2023-2033)

The global market for peanut oil is poised to expand at value CAGR of around 4.1% to reach value of approximately of US$ 15,002.8 Mn by end of 2033. The global market is currently pegged at 10,409.9 Mn and anticipated at high rate owing to high demand from food and beverage industry.

Peanut Oil Market Size (2023E)

US$ 10,409.9 Mn

Projected Sales of Peanut Oil (2033F)

US$ 15,002.8 Mn

Value CAGR (2023-2033)

4.1%

Value Share of Top 4 Countries (2022E)

59.4%

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Peanut Oil Consumption Analysis (2018-2022) Vs. Market Estimations (2023-2033)

The global peanut oil market has showed satisfactory growth in the historical period registering a value CAGR of 3.1% and was valued at US$ 8,399.7 Mn in 2018. The market is expected to grow steadily with increasing awareness and benefits about applications of peanut oil.

Peanut oil is considered to be one of the healthiest cooking oil as it is free from trans-fat and has low saturated fats. Due to lower proportion of saturated fat, it is gaining traction among the health conscious consumers. Since the health consciousness among the consumer is growing, the consumption pattern of edible oil is also witnessing the tectonic change. This has led the manufacturers to introduce the healthy and fortified edible oil. Furthermore, rising emergence of modern trade channels across the developing regions, the outreach of edible oil is increasing in these regions.

Revenue from the global Peanut Oil market is estimated to be US$ 10,409.9 Mn in 2023, and is expected to reach value of US$ 15,002.8 Mn by the end of 2033.

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What are the Key Trends in the Market for Peanut Oil?

Growing Demand for Processed Food Profiting Market Growth”

The food industry is the fastest-growing sector in the world, and it is expanding in emerging markets and also strengthening its presence in established markets. With growing demand for healthy food and functional food, manufacturers are adopting and innovating novel processing technologies. Rise in disposable income due to economic growth, especially in emerging markets, has increased sales of convenience and processed foods. Increased working population and hectic lifestyle of consumers are expected to contribute to the growth of the processed food market, which will directly propel the demand for edible oils, which is a plus for this market due to the numerous peanut oil benefits.

  • Hain Celestial Group, Inc. offers expeller-pressed oil type under the brand names Spectrum, Hain Pure Foods, and Hollywood, for the food industry.

“Rising Number of Quick service restaurants to boost the sales of Peanut Oil”

The chain restaurants which includes cafes and quick service restaurants are growing with faster pace. Foodservice sector is the holding the largest share in end use application of peanut oil, thus growth of foodservice industry will boost the sales of peanut oil. Robust growth in number of QSR and hotels in all the regions is the key factor for the high demand of peanut oil from the foodservice segment. High Smoke point of the peanut oil is the factor for being most popular oil across the globe used for deep frying, sauntering and grilling. Increasing tourism is benefitting the foodservice sector which is expected to accelerate the peanut oil demand.

“Consumption of Peanut Oil Rising in the Cosmetics and Pharmaceutical Sectors”

Peanut oil is gaining popularity as a key ingredient in cosmetics and pharmaceutical products. Crude peanut oil has a high content of vitamin D & E, and also has antioxidant properties, which makes it an excellent ingredient in soap and other skincare products. Peanut oil has a high-fat content, which makes it an excellent base for massage oils. Various cosmetic manufacturers use fortified peanut oil as an emollient in skincare and hair care products. Cosmetic manufacturers are making appealing soaps, serums, and other products using flavoured plant-based oil with its nutrients retained. The moisturizing characteristics and anti-aging feature of high-oleic oils are the key reason for their increasing use in cosmetic products.

  • Henry Lamotte Oils GmbH offers peanut oil that can be utilized in the cosmetics and pharmaceutical industry.

“Manufacturers preferring specialized oils benefiting Peanut Oil market”

Companies are focusing on developing oil, especially for salad dressing purposes. These oil are gaining attention by consumers, owing to aroma and flavors it adds to bland salads. Companies are also offering customization facilities for edible oils. Consumers are favoring the natural buttery texture and nutty flavors of the peanut oil to enhance the aroma and savor of the salads and other food products

Edible oil producers have been thriving to improve and offer nutritionally enhanced oil. Companies are offering fortified edible oil as a unique proposal to customers, as it contributes to additional functionality of oils.

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Country-wise insights

Which Country Shows Promising Growth Potential for Peanut Oil Demand in the European Market?

The market for peanut oil is predicted to experience significant growth in the Europe. Italy accounts for the largest share in the region at around 24.2%, which is expected to grow at rate of 2.0% from (2023-2033) Demand for peanut oil is growing as it contains healthy fat and doesn’t impact the taste of food products during their preparation, which is making it an ideal choice for food manufacturers across Europe.

Why is China the Main Market for Peanut Oil Suppliers in East Asia?

China accounts for the largest share in the East Asia market for peanut oil, owing to increasing health awareness among consumers and China being the largest peanut oil producing country in the world. Market share of China in the East Asia region is around 95.4%.

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Category-wise insights

Will Conventional Peanut Oil Still Remain the Most Demanded across the World?

Based on nature, peanut oil is segmented into organic and conventional, of which, conventional peanut oil is mostly consumed and demanded in the global market as opposed to organic peanut oil. Market value share of the conventional nature of peanut oil is above 90% for estimated year, however the growing preference for organic products across the globe is benefiting the market growth.

Which End-use Industry Drives Most Demand for Peanut Oil?

The foodservice and retail/household industries are showing the highest growth potential for peanut oil producers for the years ahead. The foodservice industry is set to register a value CAGR of 3.9% and the retail/household industry 4.5% for the use of peanut oil for year 2023. These industrial segments are providing lucrative business opportunities for peanut oil manufacturers to benefit from various peanut oil uses.

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Major peanut oil manufacturers are inclined toward expansion, innovation, and R&D processes to meet consumer needs & requirements for peanut oil. Peanut oil providers also strive to improve their operational and innovative capabilities. This is helping companies maintain their customer base for extended periods. Companies such as Archer Daniels Midland Company, Cargill, Incorporated, Adani Wilmar, and others are some of the major players operating in the global peanut oil market. Regional multinational players account for a market share of 30-35%, and local players 20-25% respectively.

The company has also obtained quality certificates like ISO, HALAL, and other worldwide accepted certificates. Furthermore, the company also producing organic peanut oil to meet the market demand for organic products.

  • In November 2019, Proteco Oils invested US$ 730,000 on the advancement of technology at its processing facility, of which, US$ 364,950 was granted by the State Govt. of Queensland. Installation of new equipment will increase production efficiency and enhance safety.
  • Henry Lamotte Oils GmbH recently developed fully integrated systems for crushing, refining, processing, and packaging oilseeds and related products. The company has its oil mill as well as an in-house laboratory to serve high-quality products. The company is also focused on maintaining a sustainable raw material supply chain for the uninterrupted production of oils.
  • Adani Wilmar and Ruchi Soya are the leading peanut oil production players which are consistently focusing on ramping up production capacity for edible to due to buoyant demand emerging from the global market.
  • Gustav Heess offers organic peanut oil under its robust product portfolio. The company offers two types of peanut oil cold pressed as well as refined oil and both are organic in nature. Moreover, the peanut oil produced by country finds the application in cosmetics, food and pharmaceuticals segment.
  • Proteco Oils has qualified various certifications for ensuring customers across region regarding the quality of the products it offers. The company facility is certified with BRC and HACCP certification for providing quality peanut oil to customers

Peanut Oil Industry Report Scope

Attribute

Details

Forecast period

2023-2033

Historical data available for

2018-2022

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC countries
  • Turkey
  • Northern Africa
  • South Africa

Key market segments covered

  • Nature
  • End Use
  • Distribution Channel
  • Region

Key companies profiled

  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • AAK Kamani Pvt. Ltd
  • Patanjali Ayurved Limited incorporated
  • Ventura Foods Canada.
  • Saraswathi Mills
  • Bunge Limited
  • Liberty Oil Mills Ltd.
  • Mother Dairy Fruits & Vegetable Pvt Ltd
  • ALDI Inc
  • Adani Wilmar International
  • Hain Celestial Group, Inc.
  • CHS Inc.
  • Golden Peanut and Tree Nuts

Report coverage

  • Market forecast
  • Company share analysis
  • Competition intelligence
  • DROT analysis
  • Market dynamics and challenges
  • Strategic growth initiatives

Customization & pricing

Available upon request

Peanut Oil Industry Research by Category

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food Processing Industry
  • Foodservice Industry
  • Retail/Household

By Distribution Channel:

  • Business to Business
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Online Retail
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

- Companies Covered in This Report -

  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • AAK Kamani Pvt. Ltd
  • Patanjali Ayurved Limited incorporated
  • Ventura Foods Canada.
  • Saraswathi Mills
  • Bunge Limited
  • Liberty Oil Mills Ltd.
  • Mother Dairy Fruits & Vegetable Pvt Ltd
  • ALDI Inc
  • Adani Wilmar International
  • Hain Celestial Group, Inc.
  • CHS Inc.
  • Golden Peanut and Tree Nuts

- Frequently Asked Questions -

The global market for peanut oil has a value of US$ 10,409.9 Mn in 2023.

The global market for peanut oil has a value CAGR of 3.1% from 2018-2022.

The global market for peanut oil has a value of US$ 15,002.8 Mn in 2033.

The global market for peanut oil has a value CAGR of 4.1% from 2023-2033.

Archer Daniels Midland Company, Cargill Incorporated, Bunge Ltd, Adani Wilmar International, and Hain Celestial Group, Inc. are the major 5 peanut oil manufacturers, accounting for around 40% to 45% market share.

Demand drivers for peanut oil are rising sales of processed food, manufacturers offering specialized oils, growing popularity of fortified edible oils, and rising number of quick-service restaurants.

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