Home > Food & Beverages > Food Additives > Texturizers and Thickeners > Peanut Oil Market

Peanut Oil Market Trends

Report ID: GMI11880
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Peanut Oil Market Trends

The peanut oil industry is experiencing a positive trend driven by increasing health consciousness and the growing demand for natural and organic products. Consumers are increasingly recognizing the health benefits of peanut oil, including its heart-healthy properties and high smoke point, making it popular for cooking and frying. Additionally, the expanding use of peanut oil in the cosmetics and personal care industry due to its moisturizing properties is boosting market growth. The Asia-Pacific region remains the largest market, led by China and India, while rising competition from alternative oils poses challenges.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of peanut oil reached USD 10.8 billion in 2023 and is set to grow at a 3.4% CAGR from 2024 to 2032, driven by increasing consumer awareness of its health benefits.

The refined peanut oil segment was valued at USD 6 billion in 2023 and is anticipated to expand at a 3.5% CAGR during 2024 to 2032, due to its widespread use in cooking, frying, and food processing.

The food industry segment dominated around USD 6.5 billion in 2023 and is projected to expand at a 3.4% CAGR from 2024 to 2032, led by its extensive use in cooking, frying, and food preparation.

China's market size was approximately USD 2.2 billion in 2023 and is poised to expand at a 3.1% CAGR through 2032, owing to its vast peanut cultivation and consumption base.

Major players in the industry include Adani Enterprises, Archer Daniels Midland, Cargill, COFCO, Lorenzati Ruetsch y Cia, Louis Dreyfus, Olam International, The Hain Celestial Group, The J.M. Smucker, and Wilmar International.