Peanut Oil Market to Expand at 4.3% CAGR, Reaching US$ 14.9 Bn by 2032 | Persistence Market Research Report

The global peanut oil market is poised for robust growth, with market value expected to rise from US$ 11.2 billion in 2025 to US$ 14.9 billion by 2032, registering a CAGR of 4.3% during the forecast period. Driven by increasing health consciousness, rising demand for plant-based oils, and the popularity of peanut oil in Asian cuisine, the market is seeing significant traction across both developed and emerging economies.

Peanut oil's high smoke point and rich nutritional profile make it a preferred choice for deep-frying and sautéing, especially in the foodservice and household segments. Among all segments, refined peanut oil holds the largest market share due to its neutral flavor and widespread commercial use. Asia Pacific, led by China and India, remains the dominant region owing to large-scale peanut cultivation, rising urbanization, and expanding food processing industries.

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✅Key Highlights from the Report:

➤ The global peanut oil market is projected to expand at a CAGR of 4.3% from 2025 to 2032.
➤ Market value is estimated to increase from US$ 11.2 Bn in 2025 to US$ 14.9 Bn by 2032.
➤ Refined peanut oil remains the leading product segment due to its wide usage in foodservice.
➤ Asia Pacific dominates the market, with high demand from China and India.
➤ Health benefits and rising use of plant-based oils are key growth catalysts.
➤ Growing demand for packaged and branded edible oils is reshaping consumer trends.

✅Market Segmentation:

The peanut oil market is segmented based on product type, including refined peanut oil, cold-pressed oil, and blended oil variants. Refined peanut oil accounts for the largest share, especially among urban consumers and commercial kitchens, due to its longer shelf life and neutral taste. Cold-pressed oils are gaining traction in premium and health-conscious markets for retaining natural antioxidants and flavors.

Segmentation by end-user includes households, food service providers, and industrial applications. The household segment is expanding as consumers shift towards healthier cooking oils, while the food service sector continues to drive volume-based demand. The industrial segment uses peanut oil in processed foods, snacks, and margarine, supported by automation and food packaging advancements.

✅Regional Insights:

Asia Pacific holds the largest market share due to being the hub of both peanut cultivation and consumption. China and India together contribute significantly, driven by population growth, traditional culinary practices, and increasing per capita oil consumption.

North America and Europe are emerging as secondary growth regions, fueled by the rising trend of ethnic cooking and a shift toward healthier, non-GMO oil options. Consumer inclination toward artisanal and cold-pressed peanut oils is especially noticeable in health-focused segments.

Market Drivers

One of the primary drivers of the peanut oil market is the growing health awareness among consumers, leading to increased demand for low-cholesterol, trans-fat-free oils. Peanut oil is rich in monounsaturated fats and vitamin E, making it attractive to health-conscious individuals. Moreover, rising disposable income and urbanization are prompting a shift from traditional unrefined oils to branded and packaged products.

The surge in global food processing industries and rising popularity of Asian cuisine across the globe have also contributed to the market's expansion. Peanut oil's high smoking point makes it ideal for deep frying, making it a preferred option in fast-food chains and restaurants.

Market Restraints

Despite its many advantages, the peanut oil market faces notable challenges. Allergic reactions to peanuts represent a major concern, especially in developed countries like the U.S. and parts of Europe. This limits product adoption in institutional catering and packaged food industries due to liability risks and mandatory allergen labeling.

Additionally, price volatility of raw peanuts-driven by fluctuating climatic conditions and supply chain disruptions-can impact production costs and profit margins. The competition from other vegetable oils like sunflower, soybean, and olive oil further limits market penetration.

Market Opportunities

Rising global preference for organic and non-GMO oils offers lucrative opportunities for manufacturers to expand premium product lines. Cold-pressed peanut oils, in particular, are gaining popularity among consumers seeking clean-label and minimally processed foods.

Furthermore, increased investment in sustainable and traceable sourcing is helping companies build brand trust. Innovations in packaging and online retailing are allowing brands to reach health-conscious millennials and urban populations more efficiently, especially through D2C and e-commerce channels.

✅Frequently Asked Questions (FAQs):

➤ How Big is the Peanut Oil Market in 2025 and What is its Forecast for 2032?
➤ What is the Projected Growth Rate of the Peanut Oil Market from 2025 to 2032?
➤ Who are the Key Players in the Global Peanut Oil Market?
➤ Which Region is Estimated to Dominate the Industry through the Forecast Period?
➤ What Factors Are Driving the Demand for Refined Peanut Oil Globally?

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✅ Key Players

✦ Cargill Incorporated
✦ Archer Daniels Midland Company
✦ Olam International Limited
✦ Wilmar International Limited
✦ Lorenzati Ruetsch y Cia S.A.
✦ Ventura Foods, LLC
✦ Hain Celestial Group
✦ Hunan Liangyi Co., Ltd.
✦ Shandong Bohi Industry Co., Ltd.
✦ The J.M. Smucker Company

■ In 2024, Wilmar International launched a new line of non-GMO, cold-pressed peanut oil for the premium cooking segment in Asia.
■ Olam International announced a strategic partnership with a major retail chain in India to expand its packaged edible oil footprint.

Conclusion

The global peanut oil market is on a promising growth trajectory, driven by changing dietary preferences, health consciousness, and expanding foodservice industries. With the market expected to hit US$ 14.9 Bn by 2032, key players have immense opportunities to innovate and cater to evolving consumer demands. Strategic expansion, product diversification, and sustainable practices will be essential for stakeholders looking to capitalize on this momentum in the years ahead.

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