Peanut Oil Market Report | Market Size, Industry Analysis, Growth Opportunities, & Forecast (2025-2030)

Peanut Oil Market – Overview

The Peanut Oil Market is witnessing significant growth due to the increasing demand for healthier cooking oils and the rising preference for natural, plant-based oils. Peanut oil, known for its high smoke point and mild flavor, is widely used in various food applications, including frying, salad dressings, and snack foods. The market is driven by factors such as growing consumer awareness of the health benefits of peanut oil, its versatility in cooking, and its rich content of monounsaturated fats, which are considered heart-healthy.

In addition to food applications, peanut oil is gaining popularity in the cosmetic and pharmaceutical industries due to its emollient properties. The Asia-Pacific region, particularly China and India, holds a dominant position in the global market, while North America and Europe are emerging as significant consumers due to shifting dietary trends towards plant-based oils.

This report analyzes the current market dynamics, including trends, drivers, challenges, and growth opportunities. It also provides insights into the competitive landscape, key market players, and strategic initiatives shaping the future of the peanut oil industry. As consumer preferences evolve and demand for healthy, natural oils grows, the peanut oil market is expected to expand steadily in the coming years.

Market Report Coverage:

The “Peanut Oil Market Report—Future (2025-2030)” by Digiroads Research & Consulting covers an in-depth analysis of the following segments in the market.

Study Assumptions and Definitions

The Peanut Oil Market study is based on several key assumptions to provide accurate insights into market dynamics. These assumptions include:

1. Market Growth Trends: It is assumed that the global demand for peanut oil will continue to grow due to its increasing use in culinary applications and health-conscious consumer behavior.
2. Regional Focus: The analysis primarily focuses on the Asia-Pacific region, where peanut oil is widely consumed, particularly in countries like China and India, followed by growth trends in North America and Europe.
3. Product Segmentation: The market segments are defined based on product types such as refined, unrefined, and cold-pressed peanut oil. Refined peanut oil is considered the most popular due to its high smoke point and longer shelf life.
4. Application Areas: The study assumes that the demand for peanut oil in food applications (e.g., frying and cooking) will remain dominant, with rising interest in cosmetic and pharmaceutical applications due to its moisturizing and therapeutic properties.
5. Market Dynamics: The study also assumes that key factors influencing the market include increasing health awareness, a shift toward natural oils, and the growing trend of plant-based food consumption globally.

Market Scope

The Peanut Oil Market report covers the global market trends, opportunities, and challenges, offering a detailed analysis of key segments such as type, application, distribution channel, and geography. The scope includes the evaluation of refined, unrefined, and cold-pressed peanut oil, highlighting their varying demand across different applications such as food & beverage, cosmetics, and pharmaceuticals. It also explores the influence of distribution channels, including online retail, supermarkets, and specialty stores.

The study encompasses key regions such as North America, Europe, Asia-Pacific, and the Rest of the World, with a particular focus on the Asia-Pacific region, which holds the largest share due to the high consumption in countries like China and India. The market scope extends to analyzing competitive dynamics, market drivers, emerging trends, and growth opportunities for stakeholders. Additionally, the report provides insights into the regulatory landscape, sustainability trends, and technological innovations impacting the industry.

MARKET OUTLOOK

Executive Summary

The Peanut Oil Market has experienced steady growth due to rising consumer demand for healthy and natural cooking oils. Peanut oil, recognized for its high smoke point, mild flavor, and nutritional benefits, is increasingly being used in various culinary applications such as frying, cooking, and salad dressings. Its growth is primarily driven by the shift toward healthier food alternatives, as well as increasing consumer awareness of the health benefits associated with natural oils.

The market is segmented by type, including refined, unrefined, and cold-pressed peanut oil, with refined peanut oil holding the largest share due to its longer shelf life and versatility. In terms of application, the food and beverage industry dominates the market, while the cosmetics and pharmaceutical industries are also contributing to the expansion of the peanut oil market with its use in skincare and medicinal products.

Geographically, the Asia-Pacific region leads the market, particularly in countries like China and India, where peanut oil is a staple ingredient. North America and Europe are emerging as significant markets due to the rising demand for plant-based oils and gourmet cooking.

Key market drivers include the increasing health-conscious population, the expansion of the foodservice sector, and innovations in product offerings like organic, non-GMO, and allergen-free peanut oil. However, the market faces challenges such as volatility in raw material prices, limited domestic peanut production in certain regions, and regulatory hurdles.

The market presents opportunities for growth through expansion into untapped rural markets, increasing demand for premium products, and rising export potential. As consumer preferences evolve towards natural and healthy products, the peanut oil market is expected to grow steadily in the coming years.

COMPETITIVE LANDSCAPE

Key Market Players

• Cargill, Inc.
• Archer Daniels Midland Company (ADM)
• Bunge Limited
• Oils & Fats International
• Wilmar International Ltd.
• Flint Hills Resources
• Sichuan Jinlongyu Peanut Oil Co., Ltd.
• Shandong Bohi Industry Co., Ltd.
• Koch Industries, Inc.
• Hunan Nutriera Co., Ltd.

Market Share Analysis

The Peanut Oil Market is experiencing steady growth, with a projected CAGR of 3.4% from 2024 to 2032. The market is predominantly driven by regions such as Asia-Pacific, which holds the largest market share due to high consumption in countries like China and India, where peanut oil is a staple in cooking. North America and Europe are also emerging as significant markets due to rising demand for healthier, plant-based oils. In terms of product type, refined peanut oil dominates the market due to its versatility and high smoke point, making it ideal for cooking and frying. Unrefined peanut oil and cold-pressed peanut oil are gaining traction, driven by the growing preference for natural and minimally processed products. The food industry remains the largest application segment, accounting for a significant portion of market revenue, followed by cosmetics and pharmaceuticals, where peanut oil is valued for its moisturizing and therapeutic properties. Market challenges include volatility in raw material prices and limited domestic production in certain regions, while opportunities lie in expanding into untapped rural markets and innovating in organic and specialty peanut oil products. The market is poised for continued growth with increasing consumer awareness of the health benefits of peanut oil and the rise of organic, plant-based food trends.

MARKET DYNAMICS

Market Drivers and Key Innovations

1. Health-Conscious Consumer Trends: Increasing awareness about the health benefits of peanut oil, which is rich in monounsaturated fats and antioxidants, has driven its demand. Consumers are shifting from traditional oils to healthier options like peanut oil due to its heart-healthy properties.
2. Versatility in Cooking: Peanut oil’s high smoke point (around 450°F or 232°C) makes it ideal for high-temperature cooking like frying, which boosts its popularity in the food industry. Its mild flavor and stability during cooking make it a preferred choice for various culinary applications.
3. Growing Demand for Natural and Organic Products: There is a rising preference for natural and organic oils in food products. Peanut oil, especially unrefined and cold-pressed variants, is gaining popularity as consumers seek oils with fewer chemicals and more natural health benefits.
4. Expansion of Food Service Industry: The global expansion of the food service industry, especially fast food chains and restaurants, has increased the demand for peanut oil in frying and cooking. As the industry grows, so does the consumption of peanut oil.
5. Increased Use in Cosmetics and Pharmaceuticals: Beyond cooking, peanut oil is gaining popularity in the cosmetics and pharmaceutical sectors due to its emollient and therapeutic properties, contributing to market growth.

Key Innovations:

1. Cold-Pressed and Organic Peanut Oil: There is growing innovation in the production of cold-pressed and organic peanut oil, which retains more nutrients and is free from chemicals, aligning with the growing demand for natural and organic products.
2. Fortified Peanut Oil: Innovations in fortifying peanut oil with additional nutrients like vitamins and antioxidants are enhancing its appeal as a health-conscious alternative, expanding its market reach.
3. Sustainability Initiatives: Companies are investing in more sustainable production methods, such as reducing carbon footprints and improving agricultural practices. Innovations aimed at minimizing the environmental impact of peanut oil production are becoming more prevalent.
4. Peanut Oil Blends: Manufacturers are introducing peanut oil blends with other oils like olive oil or sunflower oil to create new, healthier variants with specific benefits such as reduced cholesterol content.

Market Challenges

1. Volatility in Raw Material Prices: The price of peanuts, a primary raw material in peanut oil production, is subject to fluctuations due to weather conditions, agricultural yield, and market demand. These price variations can impact the overall cost of production, leading to instability in market prices.
2. Limited Domestic Production in Certain Regions: While peanut oil is widely consumed, regions such as Europe and parts of North America face limited domestic peanut production. This dependence on imports can lead to supply chain disruptions and higher prices.
3. Regulatory and Quality Standards: Different regions have varying regulations for food and oil production, including certifications for organic and non-GMO products. Compliance with these standards can be costly for producers and may limit market access or product range.
4. Competition from Alternative Oils: The market faces strong competition from other cooking oils such as sunflower oil, canola oil, and olive oil, which often have similar benefits but are available at lower prices. This competition can limit the growth potential of the peanut oil market.
5. Allergy Concerns: Peanuts are a common allergen, and concerns regarding peanut allergies may limit the widespread acceptance and consumption of peanut oil, particularly in markets with high allergy prevalence.
6. Supply Chain Disruptions: Global supply chain challenges, including transportation delays and geopolitical issues, can hinder the consistent availability of peanuts and impact the production and distribution of peanut oil.

Market Opportunities

1. Growing Health Consciousness: With consumers increasingly prioritizing health, the demand for heart-healthy oils like peanut oil is expected to grow. Promoting its health benefits, such as high monounsaturated fat content, offers an opportunity to capture health-conscious consumers.
2. Rising Demand for Organic Products: The growing trend for organic food products presents a significant opportunity. Companies can expand their offerings of organic peanut oil to cater to this demand, tapping into the natural foods market.
3. Expansion into Emerging Markets: The increasing urbanization and changing dietary preferences in emerging economies like India and China provide an opportunity for the peanut oil market to expand. Rising incomes and lifestyle changes are driving demand for higher-quality cooking oils.
4. Cosmetics and Personal Care Sector: The rising use of peanut oil in cosmetics, skincare, and pharmaceutical products provides a lucrative growth avenue. Its moisturizing and anti-inflammatory properties make it a popular ingredient in beauty and wellness products.
5. Product Diversification: There is room for product innovation with the development of peanut oil blends, such as combining peanut oil with olive oil or sunflower oil to create new, functional products catering to various health needs.
6. Sustainability Initiatives and Innovations: Developing eco-friendly and sustainable production practices could help brands meet consumer demand for environmentally conscious products. Sustainable sourcing and eco-friendly packaging could appeal to environmentally aware customers.

RECENT STRATEGIES & DEVELOPMENTS IN THE MARKET

1. Product Innovation and Premium Offerings: Companies are increasingly introducing cold-pressed and unrefined peanut oils to cater to the growing demand for natural and minimally processed products. For instance, in August 2023, Tata Consumer Products launched the ‘Tata Simply Better’ brand, featuring 100% pure and unrefined cold-pressed oils, including groundnut oil, to offer health-conscious consumers high-quality cooking options.
2.  Strategic Acquisitions and Expansions: Major players are expanding their production capabilities to meet rising demand. In October 2023, Bunge entered into an asset purchase agreement with Fuji Oil New Orleans, LLC, through its joint venture Bunge Loders Croklaan, to acquire a state-of-the-art port-based refinery in Louisiana, enhancing its operational efficiency and multi-oil refining capabilities.
3. Technological Advancements in Extraction Methods: The industry is adopting advanced extraction technologies to improve oil quality and yield. Emerging methods like enzymatic and supercritical CO₂ extraction are gaining traction for their ability to produce high-quality oils without the use of harsh chemicals, aligning with consumer preferences for natural products.
4.  Expansion into Emerging Markets: Companies are targeting emerging markets with growing middle-class populations and increasing health awareness. For example, Cargill’s acquisition of a refinery in Andhra Pradesh, India, in 2021, aimed to strengthen its presence in the southern Indian market and meet the rising demand for edible oils.
5.  Sustainability Initiatives: There is a growing emphasis on sustainable practices within the industry. Companies are investing in eco-friendly packaging, reducing carbon footprints, and ensuring ethical sourcing to appeal to environmentally conscious consumers and comply with global sustainability standards.

KEY BENEFITS FOR STAKEHOLDERS

1. Producers:
   • Increased Demand: The growing preference for health-conscious oils, such as peanut oil, opens up new markets and revenue streams.
   • Technological Advancements: The adoption of advanced extraction and refining methods, such as cold-pressing, allows producers to offer higher-quality products, improving market competitiveness.
   • Sustainability Integration: Embracing eco-friendly practices helps in reducing production costs while appealing to environmentally-conscious consumers.
2. Retailers:
   • Expanded Product Range: The introduction of premium and organic peanut oils provides retailers with an opportunity to expand their product offerings, catering to a diverse consumer base.
   • Brand Loyalty: Offering high-quality, health-conscious products such as organic and cold-pressed peanut oils can help retailers attract and retain a loyal customer base.
   • Increased Consumer Base: Growing demand from health-conscious and eco-friendly consumers leads to expanded market share for retailers who prioritize these product categories.
3. Consumers:
   • Health Benefits: Peanut oil, rich in monounsaturated fats and antioxidants, supports heart health and provides a healthier alternative to other cooking oils.
   • Product Variety: Consumers can choose from a wide variety of peanut oil products, such as cold-pressed, organic, and blended oils, based on their dietary preferences and cooking needs.
   • Transparency and Sustainability: Increasing availability of sustainable and ethically sourced peanut oil allows consumers to make informed purchasing decisions based on their values.
4. Investors:
   • Growing Market Potential: The expanding global demand for healthier oils and peanut oil’s versatility across various industries (food, cosmetics, etc.) offers lucrative investment opportunities.
   • Innovation-Driven Growth: Continuous innovation, including healthier variants and eco-friendly packaging, provides investors with a chance to profit from market shifts toward sustainable, premium products.
5. Regulatory Bodies:
   • Market Stabilization: By ensuring product quality and sustainability, regulatory bodies can contribute to the long-term growth and stability of the peanut oil market.
   • Consumer Safety: Enforcing strict regulations on peanut oil production and packaging ensures consumer health and safety while fostering industry transparency.

At DigiRoads Research, we emphasize reliability by employing robust market estimation and data validation methodologies. Our insights are further enhanced by our proprietary data forecasting model, which projects market growth trends up to 2030. This forward-thinking approach ensures our analysis not only captures the current market landscape but also anticipates future developments, equipping stakeholders with actionable foresight.

We go a step further by offering an exhaustive set of regional and country-level data points, supplemented by over 60 detailed charts at no additional cost. This commitment to transparency and accessibility allows stakeholders to gain a deep understanding of the industry’s structural and operational dynamics. By providing exclusive and hard-to-access data, DigiRoads Research empowers businesses to make informed strategic decisions with confidence.

In essence, our methodology and data delivery foster a collaborative and data-driven decision-making environment, enabling businesses to navigate industry challenges and capitalize on opportunities effectively.

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Table of Contents

• INTRODUCTION

  • Market Overview
  • Years Considered for Study
  • Market Segmentation
  • Study Assumptions and Definitions
  • Market Scope

• RESEARCH METHODOLOGY

• MARKET OUTLOOK

  • Executive Summary
  • Market Snapshot
• Market Segments 
  • By Type:
    • Refined, Unrefined, Cold-pressed
  • By Region:
    • North America, Europe, Asia-Pacific, Rest of World

• COMPETITIVE LANDSCAPE

• Recent Strategies (Key Strategic Moves)
• Market Share Analysis
• Company Profiles
  • Cargill Inc.
  • Archer Daniels Midland Company (ADM)
  • Bunge Limited
  • ConAgra Brands, Inc.
  • Olam Group
  • The J.M. Smucker Company
  • Yihai Kerry Arawana Holdings
  • Wilmar International Limited
  • KS Oils
  • Hain Celestial Group, Inc.

• MARKET DYNAMICS

  • Market Drivers
  • Market Challenges
  • Market Opportunities
  • Porter’s Five Forces’ Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat of New Entrant
    • Threat of Substitutes
    • Competitive Rivalry

• GLOSSARY OF PROMINENT SECONDARY SOURCES

• DISCLAIMER

• ABOUT US