Peanut Oil Market

Market Study on Peanut Oil: Conventional Oil to Continue Ruling Market Landscape

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

Market Snapshot

By value, Persistence Market Research has projected 3.8% CAGR for the global peanut oil market for 2021 to 2031, with the market topping a valuation of US$ 13.7 Bn by 2031. As per projections, East Asia is projected to hold close to 40% of global peanut oil market value share through 2031.

Though organic peanut oil is gaining in prominence, conventional peanut oil still rules the roost with over 97% market share. As of 2020, by value, worldwide peanut oil sales accounted for around 3.5% to 4.5% share in the global vegetable oil market.

Peanut Oil Market Size (2020A)

US$ 9 Bn

Projected Sales of Peanut Oil (2031F)

US$ 13.7 Bn

Value CAGR (2021-2031)


Value Share of Top 5 Countries (2020A)


Find Out More about the Report Coverage


  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • AAK AB
  • Patanjali Ayurved Limited incorporated
  • Bunge Limited
  • Hain Celestial Group, Inc
  • Proteco Oils
  • Adani Wilmar International
  • Henry Lamotte Oils GmbH.
  • CHS Inc.
  • Louis Dreyfus Company
  • AOS Products Private Limited

Peanut Oil Consumption Analysis (2016-2020) Vs Market Outlook (2021-2031)

From 2016-2020, the global market for peanut oil registered a value CAGR of 3.4%. Major factor driving market growth of groundnut oil is increasing demand from the food processing industry, owing to rising awareness among consumers regarding the health benefits it offers. This need has nudged key peanut oil manufacturers to develop high quality oil that meets end users’ expectations.

Based on business to consumer segment, hypermarkets/supermarkets hold the highest market value share, followed by specialty stores. This is due to strong emergence of modern trade channels across developing regions.

The global market for peanut oil was valued at around US$ 9 Bn in 2020, and is anticipated to progress at a value CAGR of 3.8% through 2031.

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Growing Demand for Processed Food to Drive Market for Peanut Oil?

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.

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How is Healthy Food Products Trend Driving Peanut Oil Demand?

Rising awareness among consumers about the deteriorative effects of unhealthy, chemical-based products on the health is pushing them to opt for natural and organic products.

Peanut oil is considered to be one of the healthiest cooking oils, as it is free from trans-fats and contains high levels of vitamin E and unsaturated 'good fats', which help control cholesterol and enhance heart health. This is one of the major reasons for health-conscious consumers to prefer peanut oil over other plant-based oils. Increasing concerns for the environment is also a factor contributing to increased preference for premium organic products such as groundnut oil.

  • U.S.-based Cargill Incorporated, Sunflower Vegetable Oil, Inc., and Conagra Brands, Inc. are offering a variety of non-GMO and cholesterol-free edible oils by considering the preferences of health-conscious consumers.

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Why is 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.

What Factors are Restraining Peanut Oil Sales?

Adoption of oil-free food is trending among consumers of various age groups. The growing fitness trend and popularity of following balanced diets have reduced demand for oil in meals.

Consumers’ changing preferences toward fat-based products is the main concern of peanut oil suppliers. Rise in popularity of olive oil among health-conscious consumers may affect peanut oil demand growth in emerging economies.

There is a wide variety of cooking oils available such as coconut oil, corn oil, soybean oil, canola oil, olive oil, and many others. Easy availability of alternate edible oils may restrain peanut oil consumption to some extent.

Peanuts are a common allergen, which may hamper peanut oil shipments in some regions. High prices of peanut oil and rising demand for soybean oil are also hampering overall market development.


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 European region. Italy accounts for the largest share in the region at around 24.2%.

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 a whopping 95.4%.

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 97%.

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.

These industrial segments are providing lucrative business opportunities for peanut oil manufacturers to benefit from various peanut oil uses.

Impact of COVID-19

Massive spread of coronavirus across all regions hampered many industries, including the food & beverage industry. In various countries, lockdowns were imposed by governments to curb the spread of the virus.

Food ingredient manufacturing companies were operating with limited number of employees, which affected the supply of products. China, where coronavirus originated, is the largest producer of peanut oil, and disruptions in manufacturing activities affected global peanut oil trade.

Companies are putting in efforts to reshape their management structures so as to maintain business as usual. Consumers are considerably more concerned about the food that they eat and the impact it has on their health, and thus, they prefer more health-beneficial food items.

Demand for peanut oil is predicted to increase in 2020 and beyond. At the recovery phase from COVID-19, peanut oil producers are focusing on increasing their sales through e-Commerce channels.

Competitive Dashboard

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.

  • 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.
  • In 2016, Hain Celestial Group, Inc. launched over 100 products. These products were featured in the ‘Natural Product Expo West. The company introduced three different non-aerosol oil sprays under its brand - Spectrum.
  • 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.

Peanut Oil Industry Report Scope



Forecast period


Historical data available for


Market analysis

USD Million for Value

Key regions covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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 AB
  • Patanjali Ayurved Limited incorporated
  • Bunge Limited
  • Hain Celestial Group, Inc.
  • Proteco Oils
  • Adani Wilmar International
  • Henry Lamotte Oils GmbH.
  • CHS Inc.
  • Louis Dreyfus Company
  • AOS Products Private Limited

Report coverage

  • Market Forecasts
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Key Segments Covered in Peanut Oil Industry Research


  • Organic Peanut Oil
  • Conventional Peanut Oil

End Use

  • Peanut Oil for Food Processing Industry
  • Peanut Oil for Foodservice Industry
  • Peanut Oil for Retail/Household

By Distribution Channel the market is segmented as

  • Business to Business Sales of Peanut Oil
  • Business to Consumer Sales of Peanut Oil
    • Hypermarkets/Supermarkets
    • Specialty Stores
    • Convenience Stores
    • Online Retail

Media Release

- FAQs -

The global peanut oil market is currently valued at close to US$ 9.5 Bn.

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.

From 2016 to 2020, peanut oil demand increased at a CAGR of 3.4%.

Sales of peanut oil are projected to increase at 3.8% CAGR and be valued at over US$ 13.7 Bn by 2031.

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.

BENELUX, followed by Italy, hold high shares in the European market.

China, India, the U.S., Italy, and Brazil are the major demand countries for peanut oil.

The market in China is anticipated to reach US$ 5.1 Bn by 2031, while that in India is set to top US$ 2.5 Bn.


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