openPR Logo
Press release

Peanut Oil Market Revenue to Rise Substantially Owing to Increasing End-use Adoption

Peanut Oil Market Revenue to Rise Substantially Owing

The global peanut oil market space is heavily congested with high levels of competitiveness between key players. Owing to low percentage of cholesterol saturated fats and cholesterol, peanut oil is considered a safe option, which is expected to accelerate demand in the global market. In developed regions, the influence of new and unique oils is primarily high, as customers have access to new products and have strong buying power. In addition, the nutty taste provided by peanut oil is a key factor expected to accelerate demand in all regions across the globe.
As per PMR analysis, the global peanut oil market is projected to progress at a steady CAGR of over 4%, to be valued around US$ 13.5 Bn by the end of 2030.

Shop the sample copy of report:https://www.persistencemarketresearch.com/samples/32155

Key Takeaways from Peanut Oil Market Study

• Peanut is widely used as cooking oil by food manufacturers and foodservice providers, as it has a high smoke point. Thus, rising foodservice industry across the globe is expected to increase sales of peanut oil. The market value for the foodservice Industry end-use segment is expected to witness high growth at a CAGR of 4% through 2030.

• Owing to high production of peanuts, East Asia holds the largest value share of around 40% in the global peanut oil market, and is expected to reach a market value of US$ 5.3 Bn by 2030.

• In terms of distribution channel, the business to business segment is anticipated to have a higher market share in 2020 as compared to the business to consumer segment. A major contributing factor is high demand for peanut oil from the foodservice industry.

• The COVID-19 pandemic had decreased the sales of peanut oil from the foodservice industry, which has affected the global market. Despite all the challenges, demand is expected to pick up post the pandemic era.

Get A Customized Scope To Match Your Need Ask An Expert – sales@persistencemarketresearch.com

High Demand for Value-added Products in Various Segments
Application of peanut oil in the food industry is ever-increasing, as it has a high smoke point, and thus, can be used for deep-frying various food products. This offers immense growth opportunity to globally-established as well as new entrants in the peanut oil market space. Peanut oil is being used in making skin care products as well as in various baby care products. Crude peanut oil has high content of vitamin D and E, and is also known to have antioxidant properties, which make it an excellent ingredient in manufacturing soap and massage oils.

Easy availability of alternate products may restrain the growth of the global peanut oil market. Use of other vegetable oils can be a factor for the slowing growth of the global demand for peanut oil. Also, high peanut oil prices and rising demand for soybean oil are hampering market development.
However, massive emphasis of manufacturers on providing value-added oil products, together with growing awareness among customers regarding health benefits accumulated due to peanut oil intake, will drive the growth of the global peanut oil market over the coming years.

Find Out how the report methodology work for the report:https://www.persistencemarketresearch.com/methodology/32155

Global Peanut Oil Market: Competitive Landscape
Emergence of numerous international and domestic players is fragmenting the global peanut oil market. Some of the largest market players are Adani Enterprises Ltd., Archer Daniels Midland Co., Protect Oils, Louis Dreyfus, and Cargill Inc.
Many new entrants are also launching products to cater to rising demand from the food industry as well as the foodservice industry.

• In July 2020, Amul, a dairy major, announced its foray into the edible oil business and launched the Janmay brand, which includes peanut oil, cotton seed oil, soya bean oil, sunflower oil, and mustard oil.

You can purchase this report here @ https://www.persistencemarketresearch.com/checkout/32155

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007, United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Peanut Oil Market Revenue to Rise Substantially Owing to Increasing End-use Adoption here

News-ID: 2417964 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Peanut

Peanut Butter Market 2020-2027 Advance Study Focusing On Major Product Types- S …
Peanut Butter Market Overview 2020-2027: Peanut butter market is anticipated to dominate the market with a market value of USD 4.20 billion in 2019 and is expected to grow with a growth rate of 6.10% in the forecast period of 2020 to 2027.  The latest Market report by a Data Bridge Market Research with the title [Global Peanut Butter Market – Industry Trends and Forecast to 2027].  Get a PDF Sample copy (including COVID-19 impact analysis and up-to 30% discount ) @  https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-peanut-butter-market  In
Peanut Butter Manufacturing Unit
Peanut butter is a high calorie, high protein product manufactured by grinding peanuts. It is a good alternative for dairy butter and widely used as a bread spread. Peanut butter is popular amongst Americans, and it is a part of their daily breakfast. The demand for peanut butter is susceptible to consumer spending. As disposable income increases, the willingness of the people to purchase the peanut butter also increases. On
Peanut Sauce Market 2019 | Worldwide Forecast 2025 | Major Players – Jif, PBfi …
Peanut Sauce Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/85716 UpMarketResearch offers a latest published report on “Global Peanut Sauce Market Analysis and Forecast 2019 - 2025” delivering key insights and providing a competitive advantage
Drinkable Peanut Powder Market | Top Key Players are Golden Peanut and Tree Nuts …
Peanuts are a high-protein, nutritious food that are ready-to-eat with little preparation or can be eaten raw. Peanut can be processed by roasting and ground into various food products. Peanut shakes and smoothies segments are gaining significant traction in the global drinkable peanut powder market. Rising demand for the healthy beverages such as drinkable peanut powder products driving the market. In addition, food manufacturers are developing peanut powder which is based
Hormel Foods, J.M. Smucker Company, Saratoga Peanut Butter Company, Peanut Butte …
The market for Peanut Paste is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global Peanut Paste Market Insights, Forecast to 2025” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an
Peanut Butter Market Report 2018: Segmentation by Product (Regular Peanut Butter …
Global Peanut Butter market research report provides company profile for Hormel Foods Corporation, Boulder Brands, Kraft Canada, Algood Food Company, Procter & Gamble, Unilever, The J.M. Smucker Company and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018