Peanut Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Peanut Oil Market is Segmented by Type (Refined and Unrefined), Application (Personal Care, Food, Pharmaceuticals, and Other Applications), and Geography.

Market Snapshot

Peanut Oil Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Asia Pacific
CAGR: 3.96 %

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Market Overview

The peanut oil market is projected to witness a CAGR of 3.96% during the forecast period (2020-2025).

  • Peanut oil is used externally for application on the skin for moisturizing dry skin and for skin conditions like eczema, making it a part of many personal care products. It is also a good source of vitamin E and possesses antioxidant properties.
  • The use of peanut oil for arthritis and joint pain relief is a major reason why the oil is incorporated into pharmaceutical products.
  • Peanut oil is high in mono-saturated fat and low in saturated fat, which is considered to assist in the prevention of heart diseases and lower cholesterol levels. The oil also helps in the prevention of cancer due to which it is gaining preference among health-conscious consumers and driving the market in return.
  • Peanut oil is used for frying and cooking due to the high smoke point. However, a high amount of omega-6 fats and polyunsaturated fat, which is less stable at high temperatures, present in peanut oil cause inflammation and may lead to health complications, restraining the use in certain extreme cooking processes.

Scope of the Report

The peanut oil market is segmented by product type into refined and unrefined peanut oil. Based on the application of the oil, the market is segregated into personal care products, food, pharmaceuticals, and other applications. The market has also been diversely classified on the basis of regions into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

By Type
Refined
Unrefined
By Application
Personal Care
Food
Pharmaceuticals
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Rising Popularity of Peanut-derived Ingredients in Personal Care and Skin Care Products

Peanut-derived ingredients are primarily used in the formulation of moisturizers, skin care products, and skin cleansers. The peanut oil is pale yellow when extracted. It is incorporated with hydrogen atoms to make Hydrogenated Peanut Oil. Peanut Glycerides and Peanut Acid are also derived from peanut oil. While peanut oil and peanut glycerides serve as skin conditioning agents, peanut acid is used as a surfactant and cleansing agent in various products. Hydrogenated peanut oil also acts as a viscosity increasing agent, which makes it an important part of the skincare industry. Thus, increasing demand for these derivatives in various industries is inflating the demand for peanut oil, promoting more production and driving the market of peanut oil, correspondingly.

Peanut Oil Market1

The Asia-Pacific Region Dominates the Peanut Oil Market

Peanut oil is popular around the world but is most commonly used in Chinese, South Asian, and Southeast Asian cooking. Peanut is one of the major cash-crops of India and due to the growing demands for high oleic peanuts, groundnut scientists from the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) and partners across India have come up with oleic-rich peanuts in Spanish and Virginia bunch types which are adapted to Indian farm conditions. As per the USDA report for 2019, China had the world's highest consumption of peanut oil for domestic food purposes, followed by India.

Peanut Oil Market2

Competitive Landscape

The peanut oil market is a fragmented one due to the presence of not-so-big regional companies, who have come up to compete with the leading global players. The main reason for the growth of the smaller companies is the difference in the prices at the cost of the lower-grade product. However, the unaware people in the broader markets tend to buy cheaper products over the high-quality ones. The giants of the industry are therefore experimenting upon the processing innovations to maintain their market reputation. Archer Daniels Midland, Cargill, Incorporated, and Olam International are among the leading manufacturers of peanut oil.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Refined

      2. 5.1.2 Unrefined

    2. 5.2 By Application

      1. 5.2.1 Personal Care

      2. 5.2.2 Food

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Archer Daniels Midland Co.

      2. 6.4.2 Cargill Incorporated

      3. 6.4.3 Olam International

      4. 6.4.4 Adani Group

      5. 6.4.5 Venutra Foods

      6. 6.4.6 Golden Peanut and Tree Nuts

      7. 6.4.7 Lorenzati Group

      8. 6.4.8 Shandong Xingquan Oil Co. Ltd

      9. 6.4.9 Xunda Edible Oil Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Peanut Oil Market market is studied from 2016 - 2026.

The Peanut Oil Market is growing at a CAGR of 3.96% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Archer Daniels Midland, Cargill, Incorporated, Olam International, Adani Group, Ventura Foods are the major companies operating in Peanut Oil Market.

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