Peanut Oil Market Set to Surge at 4.1% CAGR, to Reach US$ 15.77 Billion by 2034: Fact.MR Report

According to an analysis by Fact.MR, the global peanut oil market is valued at US$ 10.55 billion in 2024 and is projected to grow at a CAGR of 4.1%, reaching US$ 15.77 billion by 2034.

Shifting dietary habits and rising health consciousness among consumers are key drivers boosting the demand for peanut oil. As preferences tilt toward organic and natural food products, peanut oil is gaining popularity for its nutritional benefits. Rich in vitamin E, antioxidants, and heart-healthy monounsaturated fats, peanut oil is increasingly being recognized as a valuable ingredient in everyday cooking, thereby supporting its growing consumption across the globe.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9882

What Is Driving the Steady Expansion of the Peanut Oil Market?

"Rising Global Demand for Processed and Convenience Foods"

The rapid growth of the global food industry-particularly in emerging markets-is fueling the demand for processed and convenience foods. As consumer preferences shift toward functional and health-oriented products, food manufacturers are increasingly adopting innovative processing technologies.

Economic growth and rising disposable incomes are enabling consumers, especially in developing regions, to spend more on ready-to-eat and packaged foods. Additionally, hectic lifestyles and a growing working-class population are amplifying the demand for convenient food options, thereby driving the consumption of edible oils like peanut oil, prized for its nutritional benefits and cooking versatility.

This trend is contributing to the steady growth of the peanut oil market as a preferred ingredient in modern food formulations.

Country-wise Insights

The United States is projected to account for 73.5% of the North American peanut oil market by the end of 2034. As peanut oil is derived from a plant-based source, it aligns well with vegan and vegetarian dietary preferences. With a notable rise in the vegan population across the U.S., the demand for natural and plant-based food products is increasing. This trend is expected to drive the popularity and consumption of peanut oil among health-conscious and ethically motivated consumers.

China, on the other hand, is anticipated to hold 74.2% of the East Asian market by 2034. The country's dominance is supported by growing public awareness of the health benefits associated with peanut oil, including its richness in antioxidants and healthy fats. As consumers in China place greater emphasis on nutritional value and cooking quality, suppliers are likely to benefit from lucrative growth opportunities, enhancing market revenues over the next decade.

Category-wise Insights

Conventional peanut oil typically undergoes standardized refining processes, resulting in a product with enhanced attributes such as extended shelf life, consistent color, and improved flavor, according to a study by Fact.MR, a leading market research and competitive intelligence provider.

This reliability and consistency make conventional peanut oil particularly attractive to food manufacturers, who prioritize uniformity in their cooking oils to maintain product quality and streamline large-scale production.

Competitive Landscape

Leading peanut oil manufacturers are focusing on innovation, regional expansion, and research & development to align with evolving consumer demands. These companies are enhancing their technological and operational capabilities to ensure product quality, maintain a resilient supply chain, and improve customer satisfaction.

Prominent players in the peanut oil industry include:
Cargill, Incorporated, CHS Inc., AAK Kamani Pvt. Ltd., Golden Peanut and Tree Nuts, Archer Daniels Midland Company, Patanjali Ayurved Limited, Saraswathi Mills, Liberty Oil Mills Ltd., Bunge Limited, Mother Dairy Fruits & Vegetable Pvt. Ltd., Adani Wilmar International, and Hain Celestial Group, Inc.

These companies are also adopting strategic partnerships, acquisitions, and product diversification to strengthen their market position and meet the growing demand for high-quality, health-oriented edible oils.

Browse Full Report: https://www.factmr.com/report/peanut-oil-market

Segmentation of Peanut Oil Market Research

By Nature :
Organic
Conventional
By End Use :
Food Processing Industry
Foodservice Industry
Retail/Household
By Distribution Channel :
Business to Business
Business to Consumer
Hypermarkets/Supermarkets
Convenience Stores
Online Retail
Others
By Region :
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania

Check out More Related Studies Published by Fact.MR:

Oil Soluble Flavours Market
https://www.factmr.com/report/oil-soluble-flavours-market
Ben Oil Market
https://www.factmr.com/report/1794/ben-oil-market
Fish Oil Products Market
https://www.factmr.com/report/fish-oil-products-market
Fish Oil Market
https://www.factmr.com/report/fish-oil-market

Contact:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.