The Global Peanut Oil Market size is expected to reach $13.8 billion by 2030, rising at a market growth of 4.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,481.4 kilo tonnes, experiencing a growth of 4.2% (2019-2022).
Online platforms showcase a diverse range of peanut oil brands and product variants. Consumers can explore different options, compare prices, and read reviews, leading to informed purchasing decisions, and promoting product diversity in the market. Online retailers provide detailed product information, including nutritional content, manufacturing processes, and packaging details. Consequently, the online sales channel segment would generate approximately 15.23 % share of the market by 2030. Also, South Korea would utilize 9.4 kilo tonnes of unrefined peanut oil by 2030. This transparency enables consumers to make well-informed choices based on their preferences and dietary requirements.
Peanut oil is a good source of omega-6 fatty acids essential for the body. As consumers become more aware of the importance of including essential nutrients in their diets, peanut oil's omega-6 content adds to its nutritional appeal As awareness of glycemic index and its impact on blood sugar levels grows, peanut oil becomes a preferred cooking oil for those with diabetic dietary considerations. Therefore, the market is expanding significantly due to the expansion of health and wellness trend.
Additionally, Peanut oil is an excellent emollient, providing deep moisturization to the skin. Its ability to penetrate the skin's surface helps nourish and hydrate the skin, making it a valuable ingredient in moisturizers, lotions, and creams. Peanut oil's anti-inflammatory properties make it suitable for soothing irritated skin. Hence, increasing cosmetic and skincare applications has been a pivotal factor in driving the growth of the market.
However, Consumer education initiatives highlight the nutritional content of peanut oil, emphasizing its balanced fatty acid profile, vitamin E content, and potential health benefits. This knowledge influences consumers to choose peanut oil as a healthier cooking option. Consumer education includes providing cooking tips and techniques that showcase the culinary versatility of peanut oil. Thus, because of the rising consumer awareness and education, the market is anticipated to increase significantly.
By Application Analysis
Based on application, the market is classified into cosmetics, food, pharmaceuticals, and others. In 2022, the food segment witnessed a 38.05 % revenue share in the market. In terms of volume, Cosmetics segment utilized 340.4 of peanut oil in 2022. Peanut oil suits various cooking methods, including frying, sauteing, stir-frying, and baking. Its versatility in home kitchens and professional settings makes it a go-to cooking oil for chefs and home cooks alike. Peanut oil's high smoke point and composition create crispy and light textures in fried foods. It is a preferred choice for frying snacks, poultry, seafood, and other items, providing a satisfying and appetizing result.
By Distribution Channel Analysis
On the basis of distribution channel, the market is divided into hypermarket/supermarket, independent retail stores, business to business, and online sales channels. The hypermarket/supermarket segment garnered a 31.72 % revenue share in the market in 2022. Hypermarkets/supermarkets typically carry various peanut oil brands and varieties. This multiple allows consumers to choose from different options, including refined, unrefined, organic, and specialty variants, catering to diverse preferences and requirements.
By Type Analysis
By type, the market is categorized into refined and unrefined. In 2022, the refined segment held the 81.84 % revenue share in the market. Refined is processed to have a high smoke point, typically above 440°F (227°C). This characteristic makes it suitable for various high temperature cooking methods, including deep frying, sauteing, and stir-frying. The oil's stability at high temperatures prevents it from breaking down or producing undesirable flavors, making it a preferred choice in professional kitchens and households.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a 29.77 % revenue share in the market. Peanut oil has a high smoke point, making it an excellent choice for frying. In North America, where fried foods are popular, peanut oil's ability to withstand high temperatures without breaking down or producing off-flavors makes it a preferred cooking oil for various fried dishes. The rise of local and artisanal food production has led to the emergence of small-scale peanut oil producers in North America.
List of Key Companies Profiled
- Olam Group Limited (Temasek Capital)
- The Hain Celestial Group, Inc.
- Wilmar International Limited
- Cargill, Incorporated
- Archer Daniels Midland Company
- COFCO Corporation
- Patanjali Ayurved Limited
- CHS Inc
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Bunge Limited
Global Peanut Oil Market Report Segmentation
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Food
- Cosmetics
- Pharmaceuticals
- Others
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Business To Business
- Hypermarket/Supermarket
- Online Sales Channels
- Independent Retail Stores
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK s
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Peanut Oil Market, by Application
- 1.4.2Global Peanut Oil Market, by Distribution Channel
- 1.4.3Global Peanut Oil Market, by Type
- 1.4.4Global Peanut Oil Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Peanut Oil Market, by Application
- 4.1Global Food Market, by Region
- 4.2Global Cosmetics Market, by Region
- 4.3Global Pharmaceuticals Market, by Region
- 4.4Global Others Market, by Region
Chapter 5.Global Peanut Oil Market, by Distribution Channel
- 5.1Global Business To Business Market, by Region
- 5.2Global Hypermarket/Supermarket Market, by Region
- 5.3Global Online Sales Channels Market, by Region
- 5.4Global Independent Retail Stores Market, by Region
Chapter 6.Global Peanut Oil Market, by Type
- 6.1Global Refined Market, by Region
- 6.2Global Unrefined Market, by Region
Chapter 7.Global Peanut Oil Market, by Region
- 7.1North America Peanut Oil Market
- 7.1.1North America Peanut Oil Market, by Application
- 7.1.1.1North America Food Market, by Country
- 7.1.1.2North America Cosmetics Market, by Country
- 7.1.1.3North America Pharmaceuticals Market, by Country
- 7.1.1.4North America Others Market, by Country
- 7.1.2North America Peanut Oil Market, by Distribution Channel
- 7.1.2.1North America Business To Business Market, by Country
- 7.1.2.2North America Hypermarket/Supermarket Market, by Country
- 7.1.2.3North America Online Sales Channels Market, by Country
- 7.1.2.4North America Independent Retail Stores Market, by Country
- 7.1.3North America Peanut Oil Market, by Type
- 7.1.3.1North America Refined Market, by Country
- 7.1.3.2North America Unrefined Market, by Country
- 7.1.4North America Peanut Oil Market, by Country
- 7.1.4.1US Peanut Oil Market
- 7.1.4.1.1US Peanut Oil Market, by Application
- 7.1.4.1.2US Peanut Oil Market, by Distribution Channel
- 7.1.4.1.3US Peanut Oil Market, by Type
- 7.1.4.2Canada Peanut Oil Market
- 7.1.4.2.1Canada Peanut Oil Market, by Application
- 7.1.4.2.2Canada Peanut Oil Market, by Distribution Channel
- 7.1.4.2.3Canada Peanut Oil Market, by Type
- 7.1.4.3Mexico Peanut Oil Market
- 7.1.4.3.1Mexico Peanut Oil Market, by Application
- 7.1.4.3.2Mexico Peanut Oil Market, by Distribution Channel
- 7.1.4.3.3Mexico Peanut Oil Market, by Type
- 7.1.4.4Rest of North America Peanut Oil Market
- 7.1.4.4.1Rest of North America Peanut Oil Market, by Application
- 7.1.4.4.2Rest of North America Peanut Oil Market, by Distribution Channel
- 7.1.4.4.3Rest of North America Peanut Oil Market, by Type
- 7.2Europe Peanut Oil Market
- 7.2.1Europe Peanut Oil Market, by Application
- 7.2.1.1Europe Food Market, by Country
- 7.2.1.2Europe Cosmetics Market, by Country
- 7.2.1.3Europe Pharmaceuticals Market, by Country
- 7.2.1.4Europe Others Market, by Country
- 7.2.2Europe Peanut Oil Market, by Distribution Channel
- 7.2.2.1Europe Business To Business Market, by Country
- 7.2.2.2Europe Hypermarket/Supermarket Market, by Country
- 7.2.2.3Europe Online Sales Channels Market, by Country
- 7.2.2.4Europe Independent Retail Stores Market, by Country
- 7.2.3Europe Peanut Oil Market, by Type
- 7.2.3.1Europe Refined Market, by Country
- 7.2.3.2Europe Unrefined Market, by Country
- 7.2.4Europe Peanut Oil Market, by Country
- 7.2.4.1Germany Peanut Oil Market
- 7.2.4.1.1Germany Peanut Oil Market, by Application
- 7.2.4.1.2Germany Peanut Oil Market, by Distribution Channel
- 7.2.4.1.3Germany Peanut Oil Market, by Type
- 7.2.4.2UK Peanut Oil Market
- 7.2.4.2.1UK Peanut Oil Market, by Application
- 7.2.4.2.2UK Peanut Oil Market, by Distribution Channel
- 7.2.4.2.3UK Peanut Oil Market, by Type
- 7.2.4.3France Peanut Oil Market
- 7.2.4.3.1France Peanut Oil Market, by Application
- 7.2.4.3.2France Peanut Oil Market, by Distribution Channel
- 7.2.4.3.3France Peanut Oil Market, by Type
- 7.2.4.4Russia Peanut Oil Market
- 7.2.4.4.1Russia Peanut Oil Market, by Application
- 7.2.4.4.2Russia Peanut Oil Market, by Distribution Channel
- 7.2.4.4.3Russia Peanut Oil Market, by Type
- 7.2.4.5Spain Peanut Oil Market
- 7.2.4.5.1Spain Peanut Oil Market, by Application
- 7.2.4.5.2Spain Peanut Oil Market, by Distribution Channel
- 7.2.4.5.3Spain Peanut Oil Market, by Type
- 7.2.4.6Italy Peanut Oil Market
- 7.2.4.6.1Italy Peanut Oil Market, by Application
- 7.2.4.6.2Italy Peanut Oil Market, by Distribution Channel
- 7.2.4.6.3Italy Peanut Oil Market, by Type
- 7.2.4.7Rest of Europe Peanut Oil Market
- 7.2.4.7.1Rest of Europe Peanut Oil Market, by Application
- 7.2.4.7.2Rest of Europe Peanut Oil Market, by Distribution Channel
- 7.2.4.7.3Rest of Europe Peanut Oil Market, by Type
- 7.3Asia Pacific Peanut Oil Market
- 7.3.1Asia Pacific Peanut Oil Market, by Application
- 7.3.1.1Asia Pacific Food Market, by Country
- 7.3.1.2Asia Pacific Cosmetics Market, by Country
- 7.3.1.3Asia Pacific Pharmaceuticals Market, by Country
- 7.3.1.4Asia Pacific Others Market, by Country
- 7.3.2Asia Pacific Peanut Oil Market, by Distribution Channel
- 7.3.2.1Asia Pacific Business To Business Market, by Country
- 7.3.2.2Asia Pacific Hypermarket/Supermarket Market, by Country
- 7.3.2.3Asia Pacific Online Sales Channels Market, by Country
- 7.3.2.4Asia Pacific Independent Retail Stores Market, by Country
- 7.3.3Asia Pacific Peanut Oil Market, by Type
- 7.3.3.1Asia Pacific Refined Market, by Country
- 7.3.3.2Asia Pacific Unrefined Market, by Country
- 7.3.4Asia Pacific Peanut Oil Market, by Country
- 7.3.4.1China Peanut Oil Market
- 7.3.4.1.1China Peanut Oil Market, by Application
- 7.3.4.1.2China Peanut Oil Market, by Distribution Channel
- 7.3.4.1.3China Peanut Oil Market, by Type
- 7.3.4.2Japan Peanut Oil Market
- 7.3.4.2.1Japan Peanut Oil Market, by Application
- 7.3.4.2.2Japan Peanut Oil Market, by Distribution Channel
- 7.3.4.2.3Japan Peanut Oil Market, by Type
- 7.3.4.3India Peanut Oil Market
- 7.3.4.3.1India Peanut Oil Market, by Application
- 7.3.4.3.2India Peanut Oil Market, by Distribution Channel
- 7.3.4.3.3India Peanut Oil Market, by Type
- 7.3.4.4South Korea Peanut Oil Market
- 7.3.4.4.1South Korea Peanut Oil Market, by Application
- 7.3.4.4.2South Korea Peanut Oil Market, by Distribution Channel
- 7.3.4.4.3South Korea Peanut Oil Market, by Type
- 7.3.4.5Australia Peanut Oil Market
- 7.3.4.5.1Australia Peanut Oil Market, by Application
- 7.3.4.5.2Australia Peanut Oil Market, by Distribution Channel
- 7.3.4.5.3Australia Peanut Oil Market, by Type
- 7.3.4.6Malaysia Peanut Oil Market
- 7.3.4.6.1Malaysia Peanut Oil Market, by Application
- 7.3.4.6.2Malaysia Peanut Oil Market, by Distribution Channel
- 7.3.4.6.3Malaysia Peanut Oil Market, by Type
- 7.3.4.7Rest of Asia Pacific Peanut Oil Market
- 7.3.4.7.1Rest of Asia Pacific Peanut Oil Market, by Application
- 7.3.4.7.2Rest of Asia Pacific Peanut Oil Market, by Distribution Channel
- 7.3.4.7.3Rest of Asia Pacific Peanut Oil Market, by Type
- 7.4LAMEA Peanut Oil Market
- 7.4.1LAMEA Peanut Oil Market, by Application
- 7.4.1.1LAMEA Food Market, by Country
- 7.4.1.2LAMEA Cosmetics Market, by Country
- 7.4.1.3LAMEA Pharmaceuticals Market, by Country
- 7.4.1.4LAMEA Others Market, by Country
- 7.4.2LAMEA Peanut Oil Market, by Distribution Channel
- 7.4.2.1LAMEA Business To Business Market, by Country
- 7.4.2.2LAMEA Hypermarket/Supermarket Market, by Country
- 7.4.2.3LAMEA Online Sales Channels Market, by Country
- 7.4.2.4LAMEA Independent Retail Stores Market, by Country
- 7.4.3LAMEA Peanut Oil Market, by Type
- 7.4.3.1LAMEA Refined Market, by Country
- 7.4.3.2LAMEA Unrefined Market, by Country
- 7.4.4LAMEA Peanut Oil Market, by Country
- 7.4.4.1Brazil Peanut Oil Market
- 7.4.4.1.1Brazil Peanut Oil Market, by Application
- 7.4.4.1.2Brazil Peanut Oil Market, by Distribution Channel
- 7.4.4.1.3Brazil Peanut Oil Market, by Type
- 7.4.4.2Argentina Peanut Oil Market
- 7.4.4.2.1Argentina Peanut Oil Market, by Application
- 7.4.4.2.2Argentina Peanut Oil Market, by Distribution Channel
- 7.4.4.2.3Argentina Peanut Oil Market, by Type
- 7.4.4.3UAE Peanut Oil Market
- 7.4.4.3.1UAE Peanut Oil Market, by Application
- 7.4.4.3.2UAE Peanut Oil Market, by Distribution Channel
- 7.4.4.3.3UAE Peanut Oil Market, by Type
- 7.4.4.4Saudi Arabia Peanut Oil Market
- 7.4.4.4.1Saudi Arabia Peanut Oil Market, by Application
- 7.4.4.4.2Saudi Arabia Peanut Oil Market, by Distribution Channel
- 7.4.4.4.3Saudi Arabia Peanut Oil Market, by Type
- 7.4.4.5South Africa Peanut Oil Market
- 7.4.4.5.1South Africa Peanut Oil Market, by Application
- 7.4.4.5.2South Africa Peanut Oil Market, by Distribution Channel
- 7.4.4.5.3South Africa Peanut Oil Market, by Type
- 7.4.4.6Nigeria Peanut Oil Market
- 7.4.4.6.1Nigeria Peanut Oil Market, by Application
- 7.4.4.6.2Nigeria Peanut Oil Market, by Distribution Channel
- 7.4.4.6.3Nigeria Peanut Oil Market, by Type
- 7.4.4.7Rest of LAMEA Peanut Oil Market
- 7.4.4.7.1Rest of LAMEA Peanut Oil Market, by Application
- 7.4.4.7.2Rest of LAMEA Peanut Oil Market, by Distribution Channel
- 7.4.4.7.3Rest of LAMEA Peanut Oil Market, by Type
Chapter 8.Company Profiles
- 8.1Chs Inc.
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4SWOT Analysis
- 8.2Bunge Limited
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expense
- 8.2.5SWOT Analysis
- 8.3Olam Group Limited (Temasek Capital)
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4SWOT Analysis
- 8.4The Hain Celestial Group, Inc.
- 8.4.1Company overview
- 8.4.2Financial Analysis
- 8.4.3Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5SWOT Analysis
- 8.5Wilmar International Limited
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.6Cargill, Incorporated
- 8.6.1Company Overview
- 8.6.2Recent strategies and developments:
- 8.6.2.1Acquisition and Mergers:
- 8.7Archer Daniels Midland Company
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expense
- 8.8COFCO Corporation
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
- 8.9Mother Dairy Fruit & Vegetable Pvt. Ltd. (National Dairy Development Board)
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
- 8.10.Patanjali Ayurved Limited
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
Chapter 9.Winning Imperatives of Peanut Oil Market