Press release
Peanut Oil Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Peanut Oil
What Is the Projected Growth of the Peanut Oil Market?
The peanut oil market, with a value of $10.25 billion in 2024, is forecasted to grow to $10.81 billion in 2025, reflecting a CAGR of 5.5%. Growth is driven by the rising demand for processed foods, growing consumer awareness, an increased use of peanut oil in cosmetics and personal care, and government support for agriculture.
The peanut oil market is expected to reach $13.32 billion by 2029, growing at a CAGR of 5.4%. Growth is attributed to the increasing number of quick-service restaurants, rising disposable income, growing health awareness, higher food and beverage expenditures, and an increase in processed food demand. Key trends include new processing technologies, cold pressing, technological advancements, improved oil processing machines, and partnerships within the industry.
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What Are the Different Peanut Oil Market Segments?
The peanut oil market covered in this report is segmented -
1) By Type: Refined, Un-Refined
2) By Packaging: Glass Containers, Plastic Containers, Cartons, Plastic Pouches, Other Packaging Types
3) By Distribution Channel: Business To Business, Hypermarket Or Supermarket, Online Sales Channels, Independent Retail Stores
4) By Application: Personal Care Products, Food, Pharmaceutical, Other Application
5) By End Users: Home, Restaurant, Food Manufacture, Other End Users
Subsegments:
1) By Refined Peanut Oil: Bleached Peanut Oil, Deodorized Peanut Oil, Hydrogenated Refined Peanut Oil, Fully Refined Peanut Oil For Cooking, Refined Peanut Oil For Industrial Applications, Refined Peanut Oil For Cosmetic Products
2) By Un-Refined Peanut Oil: Cold-Pressed Un-Refined Peanut Oil, Expeller-Pressed Un-Refined Peanut Oil, Organic Un-Refined Peanut Oil, Virgin Un-Refined Peanut Oil, Un-Refined Peanut Oil For Cooking And Culinary Uses, Un-Refined Peanut Oil For Cosmetic And Personal Care Products
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What Are the Primary Drivers Shaping the Peanut Oil Market?
The rise in consumer health awareness is expected to support the growth of the peanut oil market. Due to increased access to health information, consumers are more aware of the benefits of healthy eating and lifestyle choices. Peanut oil, known for its heart, skin, and brain health benefits, is gaining popularity among health-conscious individuals. For instance, a survey by the International Food Information Council in May 2022 revealed that 52% of Americans were following a specific diet, up from 39% in 2021. As a result, growing health awareness is driving the demand for peanut oil.
Which Companies Are Leading in the Peanut Oil Market?
Major companies operating in the peanut oil market are Cargill Inc., Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, CHS Inc., Olam International, Yihai Kerry Investments Co. Ltd., Louis Dreyfus Company, Adani Wilmar, Ruchi Soya Industries Ltd., Hain Celestial Group, J-Oil Mills Inc., Lam Soon Group, Ventura Foods, Agarwal Industries Pvt. Ltd., Liberty Oil Mills Ltd., Golden Peanut and Tree Nuts, Catania Oils, Planters Peanut Co., Agro Indonesia, Manishankar Oils Pvt. Ltd., Shree Ram Proteins Ltd, Kothari Oils
What Peanut Oil Market Trends Are Gaining Traction Across Different Segments?
Major players in the peanut oil market are targeting the premium segment by offering cold-pressed groundnut oils, which are produced without heating or chemicals. These oils preserve natural nutrients and cater to health-conscious consumers. For instance, in August 2023, India-based Tata Consumer Products introduced a new line of 100% pure cold-pressed oils under the Tata Simply Better brand. This range includes cold-pressed groundnut oil, virgin coconut oil, mustard oil, and sesame oil, aiming to make premium, unrefined oils more accessible and promote consumer well-being.
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What Are the Top Revenue-Generating Geographies in the Peanut Oil Market?
Asia-Pacific was the largest region in the peanut oil market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the peanut oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Peanut Oil Market?
2. What is the CAGR expected in the Peanut Oil Market?
3. What Are the Key Innovations Transforming the Peanut Oil Industry?
4. Which Region Is Leading the Peanut Oil Market?
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