What is Peanut Oil Market?
Peanut oil, also known as groundnut oil or arachis oil, which is derived from peanuts. Peanut oil is particularly used for deep-frying purposes. It is also a comparatively healthy oil due to a low percentage of saturated fats, trans-fats, and cholesterol. Due to this, it is used in pharmaceutical and food industry.
Highlights from Peanut Oil Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ADM (United States), Bunge (United States), Cargill (United States), Louis Dreyfus (Netherlands), Wilmar International (Singapur), Adani Wilmar Limited (India), Yihai Kerry (China), Longda (Taiwan), Shandong Luhua Group Co., Ltd (China) and Chemsta (United States) |
Peanut oil market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve manufacturing rate, quality, enhances and promotes performance of machinery with latest incorporate technology to provide high quality oil. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Research Analyst at AMA predicts that United States and China Vendors will contribute to the maximum growth of Global Peanut Oil market throughout the forecasted period.
ADM (United States), Bunge (United States), Cargill (United States), Louis Dreyfus (Netherlands), Wilmar International (Singapur), Adani Wilmar Limited (India), Yihai Kerry (China), Longda (Taiwan), Shandong Luhua Group Co., Ltd (China) and Chemsta (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are PT SMART Tbk (Indonesia), Aceitera General Deheza (Argentina) and Ventura Food (United States). Peanut Oil Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Personal Care Products, Food, Pharmaceutical and Others |
Type | Refined and Unrefined |
Distribution Channel | Super Market,Convenience Store,Online Store |
Packaging | Glass Containers,Plastic Containers,Cartons,Plastic Pouches,Others |
On the basis of geography, the market of Peanut Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Restaurants and Fast Food Chains and Use of Blended Peanut Oil
Market Growth Drivers:
Increasing Health Awareness among Consumers and Increasing Population Worldwide
Challenges:
Availability of Substitute in Market
Restraints:
Higher Production Cost
Opportunities:
Rising Demand of Peanut Oil in Cosmetics and Increasing Use of Peanut Oil for Medicinal Purposes
Key Target Audience
Manufacturers, Distributors and suppliers, Government bodies and Research institutes
Market Leaders & Development Strategies
In December 2021, Cargill acquired edible oil refinery at Krishnapatnam Port in Nellore, Andhra with investment for 35 million USD, this include upgradation in refinery which become fully operational by May 2022. This acquisition helped company to expand its footprint in southern India and strengthened its presence in peanut oil market
In April 2021, Ventura Foods partnered with ePallet, wholesale food and grocery products online wholesale marketplace. With this partnership Ventura reach to its foodservice customers by utilizing properties of artificial intelligence (AI)-driven platform of ePallet website. This partnership helped company to expand its presence in peanut oil market
14th February 2019, Food Safety and Standards Authority of India (FSSAI) set to take action against re-use of cooking oil by restaurants. The rule will come into effect from March 1st, 2019.