Peanut Oil

Global Peanut Oil Market to Reach US$12.6 Billion by 2030

The global market for Peanut Oil estimated at US$10.6 Billion in the year 2024, is expected to reach US$12.6 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2024-2030. Refined Peanut Oil, one of the segments analyzed in the report, is expected to record a 3.2% CAGR and reach US$11.0 Billion by the end of the analysis period. Growth in the Unrefined Peanut Oil segment is estimated at 1.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.9 Billion While China is Forecast to Grow at 5.7% CAGR

The Peanut Oil market in the U.S. is estimated at US$2.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Global Peanut Oil Market – Key Trends & Drivers Summarized

Peanut Oil - More Than Just a Cooking Staple

The global peanut oil market continues to witness steady growth, driven by rising consumer demand for healthier edible oils, increasing industrial applications, and expanding culinary use across diverse cultures. Extracted from groundnuts (peanuts), peanut oil is valued for its high smoke point, neutral flavor, and stability during cooking—making it a preferred oil in frying and high-temperature applications. It is available in various forms, including refined, cold-pressed, roasted, and gourmet variants, each catering to different consumer preferences and industrial needs. As health-conscious consumers increasingly seek plant-based, cholesterol-free oils with beneficial fatty acid profiles, peanut oil is gaining attention for its heart-friendly monounsaturated fat content and presence of vitamin E and antioxidants.

A prominent trend in the market is the rising popularity of cold-pressed and organic peanut oils, which are perceived as purer and more nutritious due to minimal processing. This aligns with the broader clean-label and health food movement, particularly in developed economies. Additionally, peanut oil is gaining traction in plant-based and ethnic cuisines, especially in Asian, African, and Southern U.S. dishes. The foodservice industry`s post-pandemic recovery, along with the rising number of fast-food and quick-service restaurants globally, is further fueling demand for bulk peanut oil. Beyond culinary use, peanut oil’s application in cosmetics, pharmaceuticals, and biodiesel production is expanding, supported by its emollient and oxidative stability properties.

How Are Health Trends and Culinary Shifts Shaping Market Demand?

The shift toward healthier cooking oils is a key driver behind peanut oil’s growing popularity. Rich in monounsaturated fats, peanut oil helps reduce bad cholesterol levels and support cardiovascular health, making it an attractive alternative to saturated fat-laden options like palm oil or butter. Its high smoke point (around 450°F/232°C) also makes it suitable for deep frying, stir-frying, and sautéing without breaking down or forming harmful compounds. Consumers are becoming increasingly aware of these functional and nutritional benefits, especially in urban and wellness-driven markets. The presence of natural antioxidants like resveratrol adds to its appeal in preventative health and functional food categories.

Culinary trends are also playing a role. As global cuisines gain prominence—particularly Chinese, Indian, Thai, and West African—peanut oil’s flavor-enhancing properties and cultural familiarity are positioning it as a premium choice. In gourmet cooking and restaurant kitchens, roasted peanut oil is favored for its aromatic qualities, while refined versions are used in high-volume frying due to their stability and extended shelf life. The growing popularity of snack foods, frozen meals, and ready-to-eat products—many of which rely on frying processes—continues to boost commercial peanut oil consumption. Additionally, the rise of home cooking trends and DIY food culture, fueled by social media and health-focused influencers, is bringing specialty oils like peanut oil into mainstream retail channels.

Where Is Peanut Oil Gaining Ground Geographically and Industrially?

Geographically, Asia-Pacific dominates the global peanut oil market, with China and India being the largest producers and consumers due to their significant groundnut cultivation and traditional culinary reliance on peanut oil. In these regions, the oil is used not only in cooking but also in traditional medicine and skincare. Southeast Asian nations, including Vietnam and Indonesia, are also contributing to regional market growth through foodservice expansion and food exports. In North America and Europe, demand for peanut oil is rising steadily, driven by health-conscious consumers, growing immigrant populations, and the popularity of ethnic and gourmet foods. These markets are also seeing growth in organic and specialty peanut oil segments.

Industrial use of peanut oil is broadening across personal care, pharmaceuticals, and biofuels. In cosmetics and skincare, it is used in lotions, massage oils, and hair products for its moisturizing and anti-inflammatory properties. In pharmaceuticals, peanut oil serves as a carrier for injectable drugs and topical treatments. Furthermore, with increasing emphasis on sustainability and green alternatives, biodiesel manufacturers are exploring peanut oil as a feedstock due to its fatty acid composition and availability in agricultural economies. These diversified applications are creating new revenue streams and reducing dependence on traditional food sector demand alone.

What’s Fueling the Growth in the Peanut Oil Market?

The growth in the peanut oil market is driven by several factors linked to shifting dietary preferences, industrial diversification, and agricultural developments. First, the rising global demand for healthier cooking oils is boosting the consumption of peanut oil, particularly in urban centers and middle-income economies. Second, the expansion of fast-food chains and processed food manufacturers is increasing bulk demand for refined peanut oil, especially in emerging markets. Third, advancements in oil extraction technologies, including cold-pressing and solvent extraction, are improving yield quality and enabling the development of value-added variants like organic or gourmet peanut oil.

On the supply side, government support for oilseed farming, especially in countries like India, China, and select African nations, is improving groundnut production and ensuring a stable raw material base for the oil industry. The emergence of sustainable agriculture practices and traceable supply chains is also supporting the premiumization of peanut oil in retail and health-conscious segments. In the cosmetic and pharmaceutical industries, peanut oil’s versatility and hypoallergenic profile are opening new application areas, particularly in clean-label and plant-based formulations. Lastly, increasing investment in alternative fuels and circular bioeconomies is driving experimentation with peanut oil as a renewable input in biodiesel production. Together, these factors are positioning peanut oil as both a culinary essential and a multipurpose, health-oriented commodity in the global marketplace.

SCOPE OF STUDY:

The report analyzes the Peanut Oil market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Refined Peanut Oil, Unrefined Peanut Oil); Distribution Channel (Business to Business, Supermarkets / Hypermarkets, Online Distribution Channel, Other Distribution Channels); Application (Food Application, Personal Care Application, Pharmaceuticals Application, Pharmaceuticals Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 35 Featured) -

• Amanah Oil Cc
• Archer Daniels Midland Company
• Bon Organics
• Cargill Incorporated
• Conscious Food Pvt. Ltd.
• Expo Organics
• Glentham Life Sciences Limited
• Jinsheng Cereals & Oils Foods Group Co.,Ltd (Jinsheng Group)
• Liberty Oil Mills Limited
• Louis Dreyfus Company B.V.
• Qingdao Changsheng Group Co., Ltd.
• Spectrum Organic Products LLC
• Ventura Foods, LLC
• Wilmar International Limited
• Yihai Kerry Arawana Holdings Co., Ltd

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