Global Ground-Nut Oil Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Refined Groundnut Oil, Roasted Groundnut Oil and Other types.By Application;
Food industry, Catering and Retail.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Ground-Nut Oil Market (USD Million), 2021 - 2031
In the year 2024, the Global Ground-Nut Oil Market was valued at USD 853.54 million. The size of this market is expected to increase to USD 1,113.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.9%.
The global groundnut oil market plays a significant role in the edible oil industry, driven by the widespread cultivation and consumption of groundnuts, also known as peanuts. Groundnut oil, extracted from peanuts, is renowned for its mild flavor, high smoke point, and nutritional benefits, making it a versatile cooking oil choice in various cuisines worldwide. Its popularity stems from being rich in monounsaturated fats, essential fatty acids like omega-6, and vitamin E, which contribute to heart health and overall well-being.
Geographically, major producers of groundnut oil include countries like China, India, and Nigeria, reflecting the significant role of Asia and Africa in both production and consumption. These regions benefit from favorable climatic conditions that support large-scale cultivation of groundnuts. The market dynamics are influenced by factors such as agricultural policies, weather patterns impacting crop yields, and global trade regulations governing the export and import of edible oils.
As dietary preferences shift towards healthier cooking oils and the demand for natural, non-GMO products rises, the groundnut oil market continues to evolve. Manufacturers are increasingly focusing on sustainable production practices, including organic farming and eco-friendly processing methods, to meet consumer expectations for quality and environmental responsibility. This trend, coupled with ongoing innovations in packaging and product diversification, positions the global groundnut oil market for sustained growth in the coming years.
Global Ground-Nut Oil Market Recent Developments
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In November 2022, Chemsta constructed a 200 TPD edible oil refinery for the Luhua Group (Xiangyang Branch). It was put into operation and soon began producing quality rapeseed and peanut oils. More than ten plants for rapeseed and peanut oil have been constructed by Chemsta, according to the group (including pressing, solvent extraction, refining, dewaxing, etc.).
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In March 2022, Shree Ram Proteins Ltd diversified its business and announced its plan to set up a new oil refinery. The company ordered a state-of-the-art refining plant for the new business segment. The company will launch rapeseed oil, groundnut oil, and cottonseed oil by the end of January 2023. It comes under the category of refined edible oil and shall cater to the company's domestic market. Thus, by adopting diversification, the company is expanding its business and expanding its product offerings for consumers.
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In November 2021, Cargill Incorporated acquired an edible oil refinery situated in Nellore, India, and invested USD 35 million to purchase and improvise the facility, which would increase the production volume of edible oil and help the company to extend its existing supply chain to meet consumer requirements.
Segment Analysis
Groundnut oil, a versatile and widely used edible oil, is available in different types to cater to various culinary and industrial needs. Refined groundnut oil is the most common type, known for its neutral flavor, light color, and suitability for high-temperature cooking, making it ideal for frying and baking. Roasted groundnut oil, on the other hand, offers a rich, nutty flavor and aroma, adding depth to dishes and enhancing the taste of traditional recipes. Other types, which may include cold-pressed or blended varieties, provide unique characteristics, appealing to consumers seeking specific health benefits or taste profiles.
The application of groundnut oil spans the food industry, catering services, and retail sectors. In the food industry, it is a key ingredient in snack production, confectionery, and ready-to-eat meals due to its stability and subtle flavor. Catering businesses favor groundnut oil for its versatility and ability to maintain consistency across large-scale cooking operations. Retail consumers are drawn to its health benefits, particularly the high content of monounsaturated fats and vitamin E, which contribute to cardiovascular health. These varied applications highlight the oil’s adaptability and widespread acceptance.
The growing popularity of groundnut oil is driven by increasing consumer awareness of health and quality in cooking ingredients. Its role in both traditional and modern cuisines underscores its versatility, while the availability of different types ensures that it meets diverse preferences and requirements. As health-conscious consumers seek natural and functional products, groundnut oil continues to gain traction, solidifying its position as a staple in kitchens and industries worldwide.
Global Ground-Nut Oil Segment Analysis
In this report, the Global Ground-Nut Oil Market has been segmented by Type, Application and Geography.
Global Ground-Nut Oil Market, Segmentation by Type
The global groundnut oil market Segmentation by Type into Refined Groundnut Oil, Roasted Groundnut Oil and Other types.
Roasted groundnut oil, on the other hand, is characterized by its distinctive nutty aroma and flavor profile. Produced by roasting peanuts before extraction, this type of oil adds a rich, toasted taste to dishes and is often used in salad dressings, dips, and marinades. Its robust flavor makes it a preferred choice for enhancing the taste of various culinary creations. Beyond refined and roasted varieties, the market includes other types of groundnut oil that cater to specific regional preferences or production methods. These may include cold-pressed oils, which are extracted without heat and retain more of the peanut's natural flavor and nutritional benefits. Specialty oils with organic or non-GMO certifications also fall under this category, appealing to consumers seeking premium and sustainable options.
Overall, the segmentation of the global groundnut oil market into refined, roasted, and other types reflects the industry's efforts to meet diverse consumer demands for flavor, health benefits, and culinary versatility. Each type offers unique characteristics that contribute to its popularity in different markets worldwide, shaping the overall landscape of the groundnut oil industry.
Global Ground-Nut Oil Market, Segmentation by Application
The global groundnut oil market is segmented by application into three key sectors: the food industry, catering services, and retail consumption.
In the food industry, groundnut oil is widely utilized in food processing and manufacturing due to its versatile cooking properties and nutritional benefits. It serves as a cooking oil in various food products such as snacks, baked goods, sauces, and ready-to-eat meals, enhancing flavor and texture while providing health-conscious consumers with a desirable alternative to other oils. Catering services also rely heavily on groundnut oil for its high smoke point and neutral taste, making it suitable for frying, sautéing, and deep frying in commercial kitchens and restaurants. Its stability under high temperatures ensures consistent cooking results, appealing to chefs and foodservice professionals seeking reliable ingredients that maintain food quality and taste. In retail settings, groundnut oil is popular among consumers who prioritize health-conscious cooking oils for home use. Its availability in supermarkets and specialty stores allows consumers to choose from various brands and types, including refined and cold-pressed varieties, based on their culinary needs and dietary preferences. The retail segment reflects the growing demand for natural, non-GMO, and sustainably sourced oils, driven by increasing awareness of healthier cooking practices and dietary choices. Overall, the segmentation of the global groundnut oil market by application underscores its integral role across different sectors of the food and culinary industry, catering to both commercial and household consumption needs worldwide.
Global Ground-Nut Oil Market, Segmentation by Geography
In this report, the Global Ground-Nut Oil Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Ground-Nut Oil Market Share (%), by Geographical Region, 2024
Africa also plays a significant role in the global groundnut oil market, particularly countries such as Nigeria and Senegal, where groundnut oil is a staple cooking ingredient in local cuisines. The region's production is influenced by agricultural policies, climate conditions, and export opportunities, contributing to its substantial presence in the market.
In Europe and North America, groundnut oil consumption is driven by diverse culinary preferences and the demand for healthier cooking oils. These regions import groundnut oil primarily for specialty food products and health-conscious consumer segments. Regulatory standards and consumer preferences for natural and sustainable products shape market dynamics in these regions, influencing sourcing practices and market strategies.
Overall, the geographical segmentation of the global groundnut oil market highlights distinct regional dynamics and opportunities for market players to cater to local tastes, preferences, and regulatory landscapes. Understanding these regional nuances is essential for developing targeted marketing strategies and ensuring sustainable growth in the competitive global marketplace.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Ground-Nut Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Health Conscious Consumers
- Versatility in Cooking
- Increasing Disposable Income
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Growing Food Industry Demand: The growing demand for groundnut oil in the food industry reflects its versatility and nutritional benefits, driving its prominence as a preferred cooking oil globally. Groundnut oil is prized for its mild flavor and high smoke point, making it suitable for various culinary applications, from frying and sautéing to salad dressings and baking. Its stable shelf life and health-promoting attributes, including being rich in monounsaturated fats and vitamin E, contribute to its popularity among consumers seeking healthier cooking alternatives.
In recent years, the food industry's demand for groundnut oil has been bolstered by increasing consumer awareness of dietary choices and preferences for natural, non-GMO ingredients. As lifestyles evolve towards healthier eating habits, groundnut oil has positioned itself as a versatile and nutritious option that aligns with these trends. Manufacturers and food service providers alike are integrating groundnut oil into their product offerings to cater to these changing consumer preferences, thereby expanding its market presence across various segments of the food industry.
Restraints
- Price Volatility
- Environmental Concerns
- Competition from Alternatives
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Regulatory Challenges: Regulatory challenges present significant hurdles in the global groundnut oil market, impacting production, trade, and consumer confidence. Regulations vary across regions and countries, affecting everything from farming practices and pesticide use to labeling requirements and import/export standards. Compliance with these regulations requires meticulous adherence to safety standards and often entails additional costs for testing and certification.
Moreover, regulatory frameworks can influence market dynamics by shaping consumer perception and market access. Stringent regulations regarding food safety and quality assurance are crucial for maintaining consumer trust in groundnut oil products. Changes in regulations related to agricultural practices or environmental standards can also impact production costs and supply chain logistics, influencing pricing and market competitiveness.
Opportunities
- Emerging Markets Expansion
- Product Diversification
- Sustainable Farming Practices
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Rising Health Awareness: Rising health awareness is significantly impacting the global groundnut oil market as consumers increasingly prioritize healthier dietary choices. Groundnut oil, known for its high levels of monounsaturated fats and vitamin E, is perceived as a healthier alternative to other cooking oils. These nutritional attributes contribute to its appeal among health-conscious consumers who seek oils that support heart health and overall well-being.
As dietary trends shift towards reducing trans fats and saturated fats, groundnut oil's profile as a source of beneficial fats has positioned it favorably in the market. Consumers are also drawn to its natural properties and absence of genetically modified organisms (GMOs), aligning with preferences for natural and sustainable food products. This growing awareness has spurred demand for groundnut oil in both household kitchens and foodservice sectors, driving market growth.c
Competitive Landscape Analysis
Key players in Global Ground-Nut Oil Market include
- ADM
- Bunge
- Cargill
- Wilmar International
- Corbion
- Shandong Luhua
- Cofco
- Amanah Oil,
- Ventura Foods
- Yihai Kerry
- Longda
- Qingdao Changsheng
- Shangdong Jinsheng
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Ground-Nut Oil Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Health Conscious Consumers
- Versatility in Cooking
- Increasing Disposable Income
- Growing Food Industry Demand
- Restraints
- Price Volatility
- Environmental Concerns
- Competition from Alternatives
- Regulatory Challenges
- Opportunities
- Emerging Markets Expansion
- Product Diversification
- Sustainable Farming Practices
- Rising Health Awareness
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Ground-Nut Oil Market, By Type, 2021 - 2031 (USD Million)
- Refined Groundnut Oil
- Roasted Groundnut Oil
- Other types
- Global Ground-Nut Oil Market, By Application, 2021 - 2031 (USD Million)
- Food industry
- Catering
- Retail
- Global Ground-Nut Oil Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Ground-Nut Oil Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- ADM
- Bunge
- Cargill
- Wilmar International
- Corbion
- Shandong Luhua
- Cofco
- Amanah Oil,
- Ventura Foods
- Yihai Kerry
- Longda
- Qingdao Changsheng
- Shangdong Jinsheng
- Company Profiles
- Analyst Views
- Future Outlook of the Market