Global Peanut Oil Market Size, Share & Trends Analysis Report By Application (Food, Cosmetics, Pharmaceuticals, and Others), By Distribution Channel, By Type (Refined and Unrefined), By Regional Outlook and Forecast, 2023 - 2030

Global Peanut Oil Market Size, Share & Trends Analysis Report By Application (Food, Cosmetics, Pharmaceuticals, and Others), By Distribution Channel, By Type (Refined and Unrefined), By Regional Outlook and Forecast, 2023 - 2030

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, sautéing, 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, sautéing, 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)

• Refined
• Unrefined

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