About Ground-Nut Oil
Ground-nut oil is an edible vegetable oil that's derived from groundnuts. Groundnuts are vegetables and are native to Latin America and a few other tropical regions. Groundnut oil is a well-established product with historically high use in several Asian foods and cuisines. It is utilized either as a base for cooking (cooking oil) or to enhance the flavor of the underlying food.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ground-Nut Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Co. (United States), Cargill Incorporated (United States), Olam International (Singapore), Adani Group (India), Venutra Foods (United States), Golden Peanut and Tree Nuts (United States), Lorenzati Group (Argentina), Shandong Xingquan Oil Co. Ltd (China) and Xunda Edible Oil Co. Ltd (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ground-Nut Oil market by Type (Cold Pressed and Hot Pressed), Application (Personal care products, Food, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Ground-Nut Oil has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Refined will boost the Ground-Nut Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Home will boost the Ground-Nut Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Popularity of Peanut-derived Ingredients in Personal Care and Skin Care Products
Market Growth Drivers:
Rise in Processed Food Industry
Challenges:
Fluctuating Raw Material Prices
Restraints:
Presence of Alternative Products in Market
Opportunities:
Untapped Emerging Nation
Market Leaders and their expansionary development strategies
On May 2021, Olam food Ingredients, a leading food, and beverages division of Singapore-based company “Olam International” had acquired of California, United States-based company “Olde Thompson.
July 2020, Gujarat Cooperative Milk Marketing Federation has launched a range of edible oils under brand name JANMAY Farm Fresh range of edible oils. Janmay means “newly born” or “fresh”. As brand name suggests, the oil range is promoted as farm fresh.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.