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Add to CartGlobal Peanut Oil Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Refined and Unrefined.By Distribution Channel;
Hypermarket/Supermarket, Independent Retail Stores, and Business To Business.By Application;
Personal Care, Food, Pharmaceuticals, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Peanut Oil Market (USD Million), 2021 - 2031
In the year 2024, the Global Peanut Oil Market was valued at USD 4,691.19 million. The size of this market is expected to increase to USD 5,968.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.5%.
The global peanut oil market is a significant segment within the edible oils industry, driven by the widespread culinary use and health benefits associated with this versatile cooking oil. Peanut oil, also known as groundnut oil, is derived from peanuts through extraction methods that preserve its natural flavor and nutritional properties. It is renowned for its high smoke point, making it ideal for frying and cooking at high temperatures without compromising taste or nutritional value. This characteristic has contributed to its popularity in various cuisines worldwide, ranging from Asian stir-fries to Western salad dressings.
Health considerations play a pivotal role in the market's growth, as peanut oil is perceived as a healthier alternative to other cooking oils. It contains monounsaturated fats, which are considered heart-healthy and can help lower bad cholesterol levels when used in moderation. Additionally, peanut oil is rich in antioxidants, such as vitamin E, which contribute to its stability and shelf life. These nutritional attributes position peanut oil favorably among health-conscious consumers seeking oils that support overall well-being without sacrificing taste or cooking performance.
Geographically, the market for peanut oil spans across major regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Each region exhibits unique consumption patterns influenced by local culinary traditions, dietary preferences, and economic factors. In North America and Europe, peanut oil is widely used in both household cooking and commercial food processing due to its flavor profile and versatility in various recipes. In contrast, Asia-Pacific dominates both in terms of production and consumption, driven by the widespread use of peanut oil in Asian cuisines such as Chinese, Indian, and Southeast Asian cooking.
As consumer awareness grows regarding the health benefits and culinary advantages of peanut oil, the market continues to evolve with product innovations, such as organic and cold-pressed variants, catering to niche segments. The global peanut oil market is poised for steady growth, supported by ongoing dietary trends towards natural, sustainable ingredients and the expanding culinary diversity that incorporates peanut oil as a preferred cooking medium across different cuisines worldwide.
Global Peanut Oil Market Recent Developments
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In August 2023, Tata Consumer Products entered the premium cold-pressed oils market with the launch of its 'Tata Simply Better' brand, which includes cold-pressed peanut oil. This move caters to health-conscious consumers seeking high-quality cooking oils.
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In October 2023, Bunge's joint venture, Bunge Loders Croklaan, acquired a state-of-the-art oil refinery in Louisiana, enhancing its multi-oil refining capabilities and operational efficiency.
Segment Analysis
The global peanut oil market is segmented by type into refined and unrefined peanut oil, with each catering to distinct consumer preferences and applications. Refined peanut oil dominates the market due to its versatility, longer shelf life, and neutral taste, making it a preferred choice for cooking and frying across various cuisines. The refining process removes impurities and ensures consistency, which is essential for large-scale food production and retail. Refined peanut oil is particularly favored in foodservice operations, packaged foods, and snack production due to its high smoke point, making it ideal for high-temperature cooking methods. Unrefined peanut oil, on the other hand, retains more of its natural flavor and nutrients, making it popular among health-conscious consumers and those seeking a more flavorful, minimally processed oil. It is typically used in dressings, dipping oils, and gourmet cooking, where the distinct taste of the oil is desired.
The distribution channel segmentation of the global peanut oil market includes hypermarkets/supermarkets, independent retail stores, and business-to-business (B2B). Hypermarkets and supermarkets are the largest and most widely used channels for peanut oil, providing broad accessibility to consumers who prefer to purchase their cooking oils in bulk. These large-scale retailers offer a variety of peanut oil products from multiple brands, catering to both price-sensitive consumers and those looking for premium, specialty oils. The convenience and extensive reach of supermarkets make them a key player in ensuring peanut oil's availability across various regions. Independent retail stores, though smaller in scale, offer niche or specialty products, such as organic or cold-pressed peanut oil, catering to consumers looking for high-quality, artisanal oils. These stores often provide a more personalized shopping experience, which appeals to health-conscious buyers seeking premium products. The B2B segment primarily serves food manufacturers, restaurants, and the hospitality industry, where large quantities of peanut oil are required for cooking and food production. The B2B channel plays a vital role in meeting the demand for bulk peanut oil in the commercial food sector.
In terms of application, the peanut oil market is divided into personal care, food, pharmaceuticals, and others. The food sector is the largest and most significant application of peanut oil, with its widespread use in cooking, frying, and food processing. Peanut oil is highly valued for its high smoke point, mild flavor, and nutritional benefits, making it a popular choice in both household and commercial kitchens. The personal care segment has also experienced growth, as peanut oil is used in various skincare products for its moisturizing and nourishing properties. It is found in lotions, creams, and hair care products due to its vitamin E content and antioxidant benefits. In the pharmaceutical industry, peanut oil is used as a carrier oil for drugs and supplements, especially for intravenous formulations, due to its stability and compatibility with other substances. The "others" category includes uses in biodiesel production and animal feed, showcasing the versatility of peanut oil in multiple industries. This segmentation highlights peanut oil’s diverse range of applications across sectors, fueling its demand in both everyday consumer products and specialized industrial uses.
Global Peanut Oil Segment Analysis
In this report, the Global Peanut Oil Market has been segmented by Type, Distribution Channel, Application and Geography.
Global Peanut Oil Market, Segmentation by Type
The Global Peanut Oil Market has been segmented by Type into Refined and Unrefined.
Refined peanut oil undergoes a process of refining, which involves filtering, bleaching, and deodorizing to remove impurities and enhance its shelf stability. This type of oil has a neutral flavor and a high smoke point, making it ideal for deep frying, stir-frying, and other high-temperature cooking methods commonly found in commercial kitchens and food processing industries. Its ability to withstand heat without imparting a strong flavor has made refined peanut oil a popular choice in the global culinary market.
Unrefined peanut oil, also known as cold-pressed or virgin peanut oil, is extracted through mechanical processes without the use of high heat or chemical solvents. This preserves more of the natural peanut flavor, aroma, and nutritional benefits, including antioxidants and essential fatty acids. Unrefined peanut oil retains its characteristic nutty taste, making it suitable for applications where a distinct peanut flavor is desired, such as in salad dressings, marinades, and as a finishing oil for dishes. It is also favored by health-conscious consumers seeking minimally processed and natural cooking oils that retain more nutrients.
The choice between refined and unrefined peanut oil often depends on the specific culinary application, flavor preferences, and nutritional considerations. While refined peanut oil is prized for its versatility and high smoke point, unrefined peanut oil appeals to those who prioritize natural flavors and nutritional integrity in their cooking and dietary choices. Both types play integral roles in the global food industry, catering to diverse consumer needs and preferences across different regions and culinary traditions.
Global Peanut Oil Market, Segmentation by Distribution Channel
The Global Peanut Oil Market has been segmented by Distribution Channel into Hypermarket/Supermarket, Independent Retail Stores, and Business To Business.
The global peanut oil market is segmented by distribution channel into hypermarket/supermarket, independent retail stores, and business-to-business (B2B), each catering to different types of consumers and businesses with varying purchasing behaviors. Hypermarkets and supermarkets are the largest distribution channels for peanut oil, providing convenience and accessibility to a broad consumer base. These large-scale retail outlets offer a variety of brands and product sizes, making it easy for customers to compare prices, find promotions, and make bulk purchases. Supermarkets and hypermarkets also often have dedicated sections for cooking oils, where consumers can easily find peanut oil alongside other cooking oils, which supports impulse buying and attracts regular shoppers seeking essential food products.
Independent retail stores, while smaller in scale compared to hypermarkets and supermarkets, play an important role in the distribution of peanut oil, particularly in local communities or regions where smaller, independent shops are preferred. These stores often cater to niche markets or specialized consumers who seek specific types of products, such as organic or locally sourced peanut oil. Independent stores may offer personalized customer service and products that are not widely available in larger retail outlets, making them appealing to consumers looking for a more tailored shopping experience. Additionally, these stores may focus on premium or high-quality peanut oil, which can attract health-conscious and discerning buyers who prioritize organic or minimally processed options.
The business-to-business (B2B) distribution channel primarily serves commercial customers, including food manufacturers, restaurants, and the hospitality industry, who require large quantities of peanut oil for industrial use. B2B transactions typically involve bulk orders, with businesses purchasing peanut oil in large quantities for food production, cooking, and foodservice applications. This segment is crucial for meeting the demand from food processors who use peanut oil as an ingredient in various packaged foods, snacks, and ready-to-eat meals. The B2B channel ensures that peanut oil reaches a wide range of industrial applications, supporting the growing global demand for peanut oil in processed and prepared foods. The segmentation of distribution channels allows peanut oil brands to effectively target both individual consumers and commercial buyers, ensuring product availability across diverse markets.
Global Peanut Oil Market, Segmentation by Application
The Global Peanut Oil Market has been segmented by Application into Personal Care, Food, Pharmaceuticals and Others.
In the food industry, peanut oil is predominantly used for cooking and frying due to its high smoke point and neutral flavor profile in refined forms, making it suitable for deep frying and sautéing. It enhances the flavor of dishes without overwhelming them, making it popular in both commercial kitchens and home cooking. Unrefined peanut oil, with its nutty flavor and higher nutrient content, is preferred in salad dressings, marinades, and as a finishing oil, adding a distinctive taste to culinary creations.
Beyond culinary uses, peanut oil is utilized in the personal care industry for its moisturizing and nourishing properties. It is a common ingredient in skincare products such as lotions, creams, and massage oils, where it helps to soften and hydrate the skin. Peanut oil's emollient properties make it beneficial for hair care products as well, aiding in conditioning and improving hair texture.
In the pharmaceutical sector, peanut oil serves as a carrier oil in medicinal formulations and as a base for various pharmaceutical products. Its ability to blend well with other ingredients and its stability make it suitable for encapsulating active pharmaceutical ingredients (APIs) in capsules or as a vehicle for topical treatments. This application highlights peanut oil's role in delivering therapeutic benefits in pharmaceutical preparations.
Global Peanut Oil Market, Segmentation by Geography
In this report, the Global Peanut Oil Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Peanut Oil Market Share (%), by Geographical Region, 2024
Peanut oil consumption and application vary significantly across different regions, reflecting diverse culinary traditions, industrial needs, and consumer preferences. In North America, the use of peanut oil is prevalent in the food industry, where it is favored for frying and cooking due to its high smoke point and neutral flavor. The region also sees significant utilization in the personal care sector, with peanut oil incorporated into skincare and hair care products for its moisturizing and emollient properties. Additionally, pharmaceutical applications leverage its stability and compatibility as a carrier oil for various medicinal formulations.
In Asia-Pacific, particularly in countries like China, India, and Southeast Asia, peanut oil holds cultural significance in culinary practices. It is a staple cooking oil used in stir-fries, curries, and deep-frying due to its flavor-enhancing properties and ability to withstand high temperatures. The region also utilizes peanut oil extensively in traditional medicine and pharmaceuticals, recognizing its therapeutic benefits and role as a carrier for herbal extracts and medicinal preparations.
In Europe, peanut oil is valued for its versatility in both refined and unrefined forms, catering to diverse culinary preferences across the continent. It is utilized in Mediterranean cuisines, salads, and gourmet dishes where its distinctive flavor and nutritional qualities enhance culinary creations. The personal care industry in Europe also incorporates peanut oil into skincare products, recognizing its natural moisturizing benefits and compatibility with sensitive skin types.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Peanut Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Health Benefits and Rising Demand
- Increasing Use in Food Industry
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Growth in Cosmetic and Pharmaceutical Applications : Peanut oil's application in cosmetics and pharmaceuticals is driven by its exceptional moisturizing and emollient properties. This natural oil is increasingly favored in skincare products and pharmaceutical formulations due to its ability to nourish and hydrate the skin effectively. As consumer preferences shift towards natural and organic ingredients in personal care items, peanut oil's role as a sustainable and beneficial ingredient has become more prominent.
In the pharmaceutical industry, peanut oil's emollient properties make it a valuable component in various formulations, aiding in the delivery of active ingredients and enhancing product efficacy. The demand for such versatile oils in both cosmetic and pharmaceutical sectors underscores peanut oil's expanding market presence, supported by its perceived health benefits and compatibility with natural product trends.
Restraints :
- Allergen Concerns
- Fluctuating Prices of Raw Materials
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Regulatory Challenges : Regulatory challenges represent a significant restraint in the global peanuts market, as various countries have different standards and regulations regarding peanut cultivation, processing, and trade. These regulations are primarily focused on food safety, quality standards, and labeling, which can make it difficult for manufacturers and producers to maintain consistency across international markets. For instance, stringent limits on pesticide residues, aflatoxin levels, and other contaminants often vary from one country to another, requiring companies to comply with multiple regulatory frameworks when exporting peanuts or peanut products. The complexity and cost of meeting these varied regulations can create barriers to market entry and reduce profitability, particularly for smaller producers or those looking to expand into new regions.
Additionally, the regulatory landscape surrounding genetically modified (GM) peanuts and the use of certain additives or preservatives in peanut products can pose challenges. In some markets, genetically modified organisms (GMOs) are subject to intense scrutiny and regulations, and products containing GM peanuts may face restrictions or require specific labeling. These concerns have led to delays in approval processes for genetically modified peanut seeds and could impact the production capacity or price competitiveness of GM peanut products. Furthermore, in markets with strong consumer preference for organic or non-GMO foods, companies may face difficulties in gaining consumer trust, leading to lower sales and limited market share.
The enforcement of regulations related to import/export practices can also complicate global trade. Tariffs, quotas, and other trade barriers can restrict the flow of peanuts and peanut products between countries, affecting both the price and availability of peanuts in various markets. Regulatory requirements for packaging, labeling, and certification of peanuts, especially for food safety, also create additional administrative burdens. These challenges may force companies to invest significantly in compliance measures, which can detract from their ability to innovate or expand their product offerings. As global demand for peanuts continues to rise, navigating these regulatory challenges will be crucial for businesses to remain competitive and ensure the efficient supply of peanuts worldwide.
Opportunities :
- Emerging Markets and Increasing Disposable Income
- Innovation in Product Development
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Sustainability and Organic Trends : The global peanuts market offers several opportunities driven by the growing demand for healthy and plant-based food options. As consumers increasingly seek nutritious, sustainable, and allergen-friendly alternatives, peanuts have gained recognition for their high protein content, healthy fats, and versatility. This trend has opened opportunities for peanut-based snacks, peanut butter, and other products to expand in both developed and emerging markets. The rise of health-conscious consumers who prefer plant-based diets or are looking for protein-rich snacks presents a significant opportunity for peanut producers and manufacturers to tap into new product categories, such as protein bars, plant-based milk, and dairy alternatives. Additionally, as the popularity of organic foods continues to grow, there is an increasing demand for organic peanuts and peanut-based products, which provides further expansion potential for producers in the organic segment.
Another opportunity lies in the growth of the peanut oil market, driven by the increasing use of peanut oil as a healthier cooking oil alternative. With its mild flavor, high smoke point, and nutritional benefits, peanut oil has become a preferred choice for both households and commercial food establishments, especially in regions such as Asia and North America. The growing demand for natural and minimally processed cooking oils has fueled the adoption of peanut oil in the foodservice industry, including restaurants, catering services, and packaged food production. Peanut oil is also gaining traction in the personal care and cosmetics industry due to its moisturizing and nourishing properties, which presents a new revenue stream for peanut producers. As awareness of the health benefits of peanut oil increases, this segment is likely to see continued growth.
Furthermore, the expanding use of peanuts in non-food applications, such as animal feed and biodiesel production, provides additional opportunities for the global peanuts market. Peanuts are an excellent source of protein for livestock, and the increasing demand for animal feed, especially in emerging markets with expanding poultry and livestock industries, opens up new markets for peanut products. Additionally, peanut shells and by-products are being explored for use in bioenergy production, such as biodiesel, which offers an environmentally sustainable alternative to traditional energy sources. As the global focus on sustainability and renewable energy sources intensifies, the potential for peanuts to be used in biofuels presents a significant opportunity to diversify market applications and reduce reliance on food-based products alone. These opportunities across diverse sectors signal a promising future for the global peanuts market as demand continues to grow across food, energy, and industrial applications.
Competitive Landscape Analysis
Key players in Global Peanut Oil Market include;
- Archer Daniels Midland Company
- Cargill, Incorporated
- Wilmar International Ltd.
- Lam Soon Group
- J-Oil Mills, Inc.
- Ventura Foods, LLC
- Amanah Oil
- Hain Celestial Group
- Golden Peanut and Tree Nuts
- Adams Group
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 Distribution Channel
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Peanut Oil Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Health Benefits and Rising Demand
- Increasing Use in Food Industry
- Growth in Cosmetic and Pharmaceutical Applications
- Restraints
- Allergen Concerns
- Fluctuating Prices of Raw Materials
- Regulatory Challenges
- Opportunities
- Emerging Markets and Increasing Disposable Income
- Innovation in Product Development
- Sustainability and Organic Trends
- 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 Peanut Oil Market, By Type, 2021 - 2031 (USD Million)
- Refined
- Unrefined
- Global Peanut Oil Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Hypermarket/Supermarket
- Independent Retail Stores
- Business To Business
- Global Peanut Oil Market, By Application, 2021 - 2031 (USD Million)
- Personal Care
- Food
- Pharmaceuticals
- Others
- Global Peanut 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 Peanut Oil Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Archer Daniels Midland Company
- Cargill, Incorporated
- Wilmar International Ltd.
- Lam Soon Group
- J-Oil Mills, Inc.
- Ventura Foods, LLC
- Amanah Oil
- Hain Celestial Group
- Golden Peanut and Tree Nuts
- Adams Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market