Peanut Oil Market to Surge to USD 14.9 Billion by 2032, Growing at a 5.3% CAGR | Persistence Market Research

Peanut oil, a staple in kitchens around the world, is increasingly gaining popularity due to its versatility and health benefits. The market for peanut oil has experienced steady growth and is expected to continue expanding over the next decade. A major driving factor behind the growth of the peanut oil market is its use in various industries, including food, pharmaceuticals, cosmetics, and nutraceuticals. With its high smoke point and mild flavor, refined peanut oil is particularly sought after in the food industry for cooking and frying purposes.

The global peanut oil market is estimated to grow from USD 11.2 billion in 2025 to USD 14.9 billion by 2032, with a projected compound annual growth rate (CAGR) of 4.3% during the forecast period. The increasing awareness about the health benefits of peanut oil, such as its rich content of monounsaturated fats and antioxidants, is contributing to this growth. The food industry remains the dominant end-user segment for peanut oil, driven by its extensive application in cooking oils, sauces, and snack products. Geographically, East Asia is projected to be the leading region due to the growing demand for edible oils in countries like China and Japan, where peanut oil is widely used in culinary traditions.

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Key Highlights from the Report

• The global peanut oil market is projected to reach USD 14.9 billion by 2032, growing at a CAGR of 4.3% from 2025 to 2032.
• Refined peanut oil dominates the market, particularly for cooking and frying purposes.
• The food industry remains the largest consumer of peanut oil, followed by the cosmetics and pharmaceutical sectors.
• Organic peanut oil is gaining traction as consumers prioritize health-conscious choices.
• East Asia is expected to lead the market due to rising demand in countries like China and Japan.
• Online retail is emerging as a growing distribution channel for peanut oil, especially among health-conscious consumers.

Market Segmentation

By Product Type

Peanut oil is available in various forms, each catering to different consumer preferences and applications. The market can be segmented into refined peanut oil, unrefined peanut oil, cold-pressed peanut oil, and roasted peanut oil. Refined peanut oil is the most commonly used variety, particularly in cooking and frying, due to its high smoke point, neutral flavor, and longer shelf life. This makes it suitable for a wide range of food products, from fried snacks to salad dressings.

Unrefined peanut oil is often preferred by consumers seeking a more natural option, as it retains more of the peanut's natural flavor and nutrients. Cold-pressed peanut oil, which is produced without heat, is also gaining popularity due to its perceived health benefits, as it retains more antioxidants and essential fatty acids. Roasted peanut oil, made from roasted peanuts, offers a distinct, nutty flavor and is often used in gourmet cooking and sauces. As the demand for healthier and more natural oils rises, cold-pressed and unrefined peanut oil are expected to see increased market share.

By End User

The peanut oil market serves several industries, with the food industry being the largest end-user. Peanut oil is extensively used in the food industry for cooking, frying, and as an ingredient in sauces, dressings, and snack foods. Its mild flavor and high smoke point make it ideal for deep frying and high-heat cooking methods, which has driven its demand in restaurants, fast food chains, and households alike.

In addition to the food sector, peanut oil is also widely used in the pharmaceutical and nutraceutical industries for its health benefits. The oil is rich in antioxidants, such as vitamin E, and contains a good amount of monounsaturated fats, which are beneficial for heart health. Peanut oil is used in supplements and topical treatments, further expanding its presence in the healthcare sector. The cosmetics and personal care industries also use peanut oil in products such as moisturizers, shampoos, and lotions due to its emollient properties. The increasing trend toward natural and organic cosmetics is expected to boost demand for peanut oil in this sector.

Regional Insights

East Asia

East Asia is expected to dominate the peanut oil market during the forecast period, particularly due to the high demand in countries like China, Japan, and South Korea. Peanut oil is a traditional cooking oil in Chinese and Japanese cuisines, where it is used for stir-frying, deep-frying, and as a dressing in various dishes. The growing population in these regions, coupled with increasing disposable income, is expected to drive the demand for edible oils, including peanut oil. Additionally, the expanding foodservice industry in East Asia, including fast food chains and restaurants, is further fueling the consumption of peanut oil.

North America and Europe

North America and Europe also represent significant markets for peanut oil. In North America, especially in the United States, peanut oil is widely used in cooking, particularly in Southern cuisine, and is a staple ingredient in many households. The increasing trend of health-conscious eating in these regions, with a focus on healthier oils, is contributing to the growth of peanut oil sales. Similarly, in Europe, peanut oil is gaining popularity due to its perceived health benefits and is being used in a variety of food applications. As consumers become more aware of the advantages of peanut oil, particularly its rich content of unsaturated fats and antioxidants, the demand for this oil is expected to continue to rise.

Market Drivers

The primary driver for the growth of the peanut oil market is the increasing demand for healthy cooking oils. Peanut oil is known for its heart-healthy properties, as it is high in monounsaturated fats and low in saturated fats. This makes it an attractive option for health-conscious consumers who are looking for alternatives to more traditional cooking oils. Additionally, peanut oil's high smoke point makes it ideal for frying, deep frying, and grilling, which are common cooking methods in many countries.

Another significant driver is the growing trend of organic and natural food products. As consumers become more health-conscious, they are opting for organic and non-GMO products, which has led to a rise in demand for organic peanut oil. Organic peanut oil is produced without the use of synthetic pesticides or fertilizers, making it an appealing choice for those looking to reduce their exposure to chemicals. This trend is driving the growth of organic peanut oil, particularly in North America and Europe, where consumers are increasingly prioritizing natural and sustainable products.

Market Restraints

Despite the favorable growth prospects, the peanut oil market faces several challenges. One of the major restraints is the volatility in peanut crop production. Peanut oil production is directly tied to the availability of peanuts, which can be affected by factors such as weather conditions, pests, and diseases. For instance, adverse weather conditions in key peanut-producing regions can lead to crop failures or lower yields, impacting the supply of peanuts for oil extraction and, consequently, the price of peanut oil.

Additionally, allergic reactions to peanuts pose a significant concern in the global market. Peanut allergies are common, particularly in Western countries, and can limit the acceptance of peanut oil in certain consumer groups. While refined peanut oil has a reduced risk of causing allergic reactions due to the refining process, concerns about allergies still impact the market, especially in regions where peanut allergies are prevalent.

Market Opportunities

The growing demand for plant-based and sustainable food products presents a significant opportunity for the peanut oil market. As more consumers adopt vegetarian, vegan, and plant-based diets, the need for plant-based oils is expected to rise. Peanut oil, being a plant-based product, is well-positioned to capture a larger share of the growing plant-based food market.

Moreover, the expansion of online retail channels offers significant growth opportunities. Consumers are increasingly turning to e-commerce platforms to purchase cooking oils, including peanut oil, due to the convenience, variety, and often better pricing offered by online retailers. Companies can capitalize on this trend by expanding their online presence and providing consumers with easy access to high-quality peanut oil products.

Reasons to Buy the Report

✔ Gain valuable insights into the growth trends and market dynamics of the global peanut oil industry.
✔ Understand the key drivers, restraints, and opportunities shaping the peanut oil market.
✔ Explore detailed market segmentation by product type, end-user, distribution channel, and region.
✔ Analyze the competitive landscape and discover key players and their strategies in the peanut oil market.
✔ Stay updated on the latest market forecasts and trends, helping you make informed business decisions.

Company Insights

Key players in the peanut oil market include:

• ADM
• Cargill, Inc
• Olam Group
• Wilmar International Ltd
• Bunge Limited
• Marico
• Hain Celestial Group, Inc.
• Patanjali Ayurved Limited
• AAK
• Tata Consumer Products Limited
• Ventura Foods®
• Liberty Group
• Saraswathi Mills
• Mother Dairy Fruits & Vegetable Pvt Ltd
• La Tourangelle

Recent Developments:

1. Marico has expanded its portfolio with new peanut oil products aimed at health-conscious consumers in South Asia.
2. ADM has increased its investment in sustainable peanut oil production, focusing on eco-friendly farming practices and non-GMO products.

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