Global Peanut Oil Market
Global Peanut Oil was valued at US$ 9.3 Bn in 2021, estimated to reach US$ 13 Bn in 2027, with a CAGR of 3.8% from 2022-2027.
Peanut oil is derived from peanuts which is an edible vegetable oil. To enhance the flavour of the underlying food or as a base for cooking, Peanut oil is used. Its key component fatty acids comprise oleic acid, linoleic acid, and palmitic acid. Moreover, it contains arachidic acid, stearic acid, lignoceric acid, behenic acid, and other fatty acids.
Market Drivers
The increase in the level of competition and nominal unique functionality is increasing the growth of peanut oil market.
Key factors that are anticipated to increase the growth of the peanut oil market in the forecast period are the increase in the development of the processed food industry in the advanced developed and emerging nations. Also, the increasing knowledge about the functional advantages of peanut oil amongst the customers is further expected to propel the growth of the peanut oil market.
Market Restraints
Key factor likely to restrain the growth of the target market in the near future is the high production cost of peanut oil.
Moreover, high consumption of peanut oil results in several side effects in human health which is also one of the main factors anticipated to hamper growth of the market to a certain extent.
Market Segmentation
Peanut Oil Market is segmented into major 4 categories. Based on Packaging, the market is segmented into Type, Packaging, Applications. Based on Applications, the market is divided into Personal Care Products, Food, Pharmaceutical, and Others. Based on Type, the market is segmented into Refined, Unrefined. Based on Packaging, the market is divided into Glass Containers, Plastic Containers, Plastic Pouches, and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia-Pacific is the largest market because of the fact that this region has the largest populated countries in the world. Also, countries like China and India contribute a huge share of peanut oil consumption worldwide.
North American market is expected to register the significant growth, due to increasing peanut oil consumption in the region's countries and the rising demand of peanut oils from food and pharmaceutical industries in the countries of the region.
Market Key Players
Some of the key players operating in Global Peanut Oil Market are Adani Enterprises Ltd., Archer Daniels Midland Co., Cargill Inc., COFCO Corp., Lorenzati Ruetsch y Cia SA, Louis Dreyfus Co. BV, Olam International Ltd., The Hain Celestial Group Inc., The J.M. Smucker Co., Wilmar International Ltd.
Industry development
In 2022, Shree Ram Proteins Ltd diversified its business and announced its plan to set up a new oil refinery. The company ordered a state-of-the-art refining plant for the new business segment. The company will be launching rapeseed oil, groundnut oil, and cottonseed oil by the end of January 2023. It comes under the category of refined edible oil and shall cater to the company's domestic market. Thus, by adopting diversification, the company is expanding its business and expanding its product offerings for consumers.
In 2016, Hain Celestial Group, Inc. launched over 100 products. These products were featured in the ‘Natural Product Expo West. The company introduced three different non-aerosol oil sprays under its brand - Spectrum.
In 2021, Cargill acquired an edible oil refinery in Nellore in Andhra Pradesh to expand its footprint in Southern India and strengthen its existing supply chain in the country.
Global Peanut Oil Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Peanut Oil Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Peanut Oil Market, By Packaging
5.1 Y-o-Y Growth Comparison, By Packaging
5.2 Peanut Oil Market Share Analysis, By Packaging
5.3 Peanut Oil Market Size and Forecast, By Packaging
5.3.1 Glass Containers
5.3.2 Plastic Containers
5.3.3 Plastic Pouches
5.3.4 Others
6 Peanut Oil Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Peanut Oil Market Share Analysis, By Type
6.3 Peanut Oil Market Size and Forecast, By Type
6.3.1 Refined
6.3.2 Unrefined
7 Peanut Oil Market, By Applications
7.1 Y-o-Y Growth Comparison, By Applications
7.2 Peanut Oil Market Share Analysis, By Applications
7.3 Peanut Oil Market Size and Forecast, By Applications
7.3.1 Food
7.3.2 Personal Care Products
7.3.3 Pharmaceutical
7.3.4 Others
8 Peanut Oil Market, By Region
8.1 Peanut Oil Market Share Analysis, By Region
8.2 Peanut Oil Market Share Analysis, By Region
8.3 Peanut Oil Market Size and Forecast, By Region
9 North America Peanut Oil Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Peanut Oil Market Share Analysis, By Packaging
9.3 North America Peanut Oil Market Size and Forecast, By Type
9.4 North America Peanut Oil Market Size and Forecast, By Applications
9.5 North America Peanut Oil Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Peanut Oil Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Peanut Oil Market Share Analysis, By Packaging
10.3 Europe Peanut Oil Market Size and Forecast, By Type
10.4 Europe Peanut Oil Market Size and Forecast, By Applications
10.5 Europe Peanut Oil Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Peanut Oil Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Peanut Oil Market Share Analysis, By Packaging
11.3 Asia Pacific Peanut Oil Market Size and Forecast, By Type
11.4 Asia Pacific Peanut Oil Market Size and Forecast, By Applications
11.5 Asia Pacific Peanut Oil Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Peanut Oil Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Peanut Oil Market Share Analysis, By Packaging
12.3 Latin America Peanut Oil Market Size and Forecast, By Type
12.4 Latin America Peanut Oil Market Size and Forecast, By Applications
12.4 Latin America Peanut Oil Market Size and Forecast, By Network Route of Administration
12.5 Latin America Peanut Oil Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Peanut Oil Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Peanut Oil Market Share Analysis, By Packaging
13.3 Middle East Peanut Oil Market Size and Forecast, By Type
13.4 Middle East Peanut Oil Market Size and Forecast, By Applications
13.5 Middle East Peanut Oil Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Adani Enterprises Ltd.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Archer Daniels Midland Co.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Cargill Inc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 COFCO Corp.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Lorenzati Ruetsch y Cia SA
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Louis Dreyfus Co. BV
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Olam International Ltd.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 The Hain Celestial Group Inc.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 The J.M. Smucker Co.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Wilmar International Ltd.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
