USD 11.6 billion
Report ID:
SQMIG30H2221 |
Region:
Global |
Published Date: June, 2025
Pages:
198
|Tables:
91
|Figures:
79
Global Peanut Oil Market size was valued at USD 11.6 billion in 2023 and is poised to grow from USD 12.1 billion in 2024 to USD 16.94 billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).
The peanut oil market is changing, as consumers look for healthier plant-based cooking options. This change is occurring for a variety of reason, not least due to increased knowledge of the benefits of peanut oil. The oil is stable, versatile, and performs well at high temperatures. In many developing countries, such as throughout Asia-Pacific, peanut oil has long enjoyed a regular presence in everyday cooking practices. Businesses in developed countries are increasingly, adopting peanut oil in their offerings. Change in diet patterns have fueled interest in both cold-pressed, and organic oils. All these factors are impacting an increased awareness of peanut oil, and a resulting growth in overall demand for the complex cooking oil.
Despite an increased interest in peanut oil, the market is yet to navigate many challenges that may impact its potential. Prices tend to for peanut have fluctuated largely related to change in crop from one season to the next. As a cooking oil, peanuts cost a fraction of what it may cost for more expensive oils, such as sunflower and palm oils. Weather and climate also impact market dynamics with respect to price, and if there are weather variability, this can expose uncertainty in supply and price. Even though, standards adopted for labelling oils fluctuate widely for food serve-environments across the world, it continues to complicate international trade. Nonetheless, the industry continues to grow due to product innovations, increasing foodservice demand and consumer education regarding oil quality. Therefore, the global peanut oil market size indicates a dynamic equilibrium determined by health driven consumption in conjunction with supply side uncertainties.
How are IoT and Automation Tools Enhancing Production Transparency in the Peanut Oil Market?
The integration of Internet of Things (IoT) and automation technologies is helping drive further transparency, into production in the peanut oil market. Advanced IoT based platforms enable manufacturers to monitor and control crucial processing variables in production, such as temperatures, humidity, and storage conditions in real-time allowing consistency in product quality, mitigating human errors, and reducing spoilage or contamination risks. Simultaneously, automation is simplifying a variety of production processes including sorting the raw peanuts to packaging and delivering products, improving operational accuracy and continuity while also, improving traceability of products. These technologies are helping to further develop transparency, efficiencies along with more accountable supply chains as well as better help under-served global peanut oil market share, within domestic & international markets.
In 2024, premium peanut expansion of it processing facility in South Carolina. The cooperative utilized a fully automated production system with integrated IoT-based monitoring equipment, and an organizational supply chain having a fully cloud-based digital infrastructure. The digital infrastructure provides digital tracking for the entire production lifecycle from raw material receipt to final product packaging thereby, extending meeting quality standards and transparency expectations. Through QR coded packaging, the customer and retailer can continue the story down to the live data records that, verifies the sourcing, processing conditions and product freshness. This activity helps develop trust in the customer, as well as developing the brand’s competitiveness in market factors (e.g. transparency and traceability make up consumer preferences).
Market snapshot - 2025-2032
Global Market Size
USD 11.6 billion
Largest Segment
Refined
Fastest Growth
Un-Refined
Growth Rate
4.3% CAGR
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Global Peanut Oil Market is segmented by Source, Type, Application, Packaging, Product, End User and region. Based on Source, the market is segmented into Conventional Peanuts, Organic Peanuts and Non-GMO Peanuts. Based on Type, the market is segmented into Refined and Unrefined. Based on Application, the market is segmented into Personal Care Products, Food, Pharmaceutical and Others. Based on Packaging, the market is segmented into Glass Containers, Plastic Containers, Cartons, Plastic Pouches and Others. Based on Product, the market is segmented into Cold Pressed and Hot Pressed. Based on End User, the market is segmented into Home, Restaurant, Food Manufacture and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Refined peanut oil remains the dominating peanut oil market segment because of its neutral flavour, long shelf life, and stability at high temperatures. It's needed in highly commercial foodservice outlets, processed food businesses, and quick-service restaurants, making it commonplace for high-volume work. Refined oil represents a stable output for producers, conforms to regulations, and ships openly around the globe. The same features have significantly contributed to overall peanut oil market revenue in the Asia-Pacific region, and Central & South America where both traditional frying and manufacturing & industrial frying have positioned refined peanut oil to be a constant need.
Unrefined peanut oil is fastest growing in the peanut oil market segment because consumers are becoming more aware of nutrition, clean-label, and cold-pressed oil processing techniques. Although, unrefined oils have natural flavour and antioxidant content, they must also attract consumers aware of health using unrefined oils from the United States especially in North America and some parts of Europe. The same conditions typically support growth with additions of producers & retailers (artisanal & specialty providers) promoting chemical free substitutes that fit wellness-focused and plant-based lifestyles. These shifts reflect key trends driving global peanut oil industry analysis in this evolving product segment
Plastic containers are the dominant packaging in the peanut oil market. This can largely be attributed to the rigidity, cost efficiency, and ability to integrate into a broad array of mass distribution systems. For manufacturers and suppliers, plastic containers can provide the best protection against leakage and mold or spoilage, making them ideal for retail and export logistics in higher volume. Manufacturers can also rely upon plastic containers in standardized bottling, longer shelf life, and maintaining quality when storage may vary. Plastic containers are easy to find through hypermarkets and general trade, and can therefore, easily be found in whatever economy you may find yourself in developed or developing.
Plastic pouches are emerging as the fastest growing packaging segment, particularly in price-sensitive and rural market. Pouches can be produced and transported with minimal costs, allowing for competitive pricing, while appealing brand loyalty from everyday singles or small quantities of peanut oil. The pouch also provides flexible volume options, and refill systems, and appeals to more eco-conscious consumers who want to reduce packaging. Pouch growth, especially in Southeast Asia, Africa, and parts of Latin America is evident as the developed world faces (North America and Europe), cost and convenience dictate how many people purchase peanut oil on a day-to-day basis. These shifts are aligned with broader market trends, focused on affordability and sustainable packaging practices.
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Asia-Pacific leads the world in volume consumption of peanut oil and product variety, courtesy of rich culinary heritage and continuous innovation within traditional as well as premium categories. Regional cuisine is particularly focused on frying and sautéing methods thus, making high-smoke-point oils like peanut oil a staple in home as well as business kitchens. In addition to refined forms, consumers increasingly demand cold-pressed, roasted, and flavoured peanut oils for gourmet as well as health-related uses. Japan and South Korea on their part are consolidating market positions, through a well-coordinated combination of in-home innovation, premium product ambitions, and increasing import channels.
Japan's peanut oil industry thrives on the quality emphasis, clean-label characteristics, and gastronomic sophistication. Japanese consumers are drawn to oils that have a subtle taste, thereby respecting the food's integrity without overpowering its natural flavour. In 2024, Japan's Yamato Oil Co. launched a new range of cold-pressed peanut oils flavoured with domestic herbs, that resonated among premium culinary markets as well as, health-conscious consumers. The new launch was greeted with a strong response in department store chains and premium online channels. This trend aligns with Japan's overall focus on traceable functional ingredients that add flavour and nutrition without overpowering it and making Japan a taste-driven pioneer in the peanut oil industry.
South Korea is experiencing increasing demand for peanut oil and the reason is a shift in the patterns of food consumption, increased dietary awareness, and a dramatic rise in home cooking. Korean consumers known for embracing health-driven food trends, are increasingly gravitating towards peanut oil because of its heart-healthy reputation and heat stability. In late 2024, CJ CheilJedang, a major food company in Korea, made a foray to import and rebrand organic peanut oil in a strategic alliance with a Southeast Asian supplier. This action reflects the growing popularity of foreign oils in Korea's contemporary supermarket, and is in line with the rising imports of specialty and premium cooking oils by the country.
Europe is a fast-growing region, and has a positive regional forecast, spurred on by consumers appetite for organic and cold-pressed peanut oils. With a health-minded consumer trend favouring nutrient-dense oils in culinary and cosmetic applications developments in Europe's peanut oil market are set to expand amid rising disposable incomes, increased e-commerce demand growth, and sustainable sourcing practices. The peanut oil market is opening to new avenues for market penetration, with innovations in high-grade oil options and strict quality standards, framing Europe as a strong and growing market.
Germany leads the market in the European peanut oil market, particularly by consumer demand for organic oils, as part of health directed diets. It is increasingly being used in gourmet cooking and cosmetics, which is contributing to growth opportunities. In 2025, BioKraft commercialised a line of sustainable cold-pressed peanut oil products, where eco-friendly packaging enhanced Brand Recognition, and positions Germany firmly as a participant in that dynamic peanut oil space in Europe.
France is also a significant contributor in European peanut oil market revenue, benefitting from its reputation of haute cuisine and preference for high-grade oils. Attractive market growth can be found in organic peanut oil used with dressings, and for frying with consumers. In 2024, Carapelli introduced an organic peanut oil variant, enhancing market presence on the European stage, and providing indicators of market growth opportunities for France, specifically while drawing consumers to seek peanut oil as part of a burgeoning segment.
The UK strengthens Europe’s peanut oil market. The peanut oil market dynamics in the UK provides a favourable, healthy and organic oils. Peanut oil is quickly carving its niche for gourmet food options and plant-based diets. The Oil Mill announced a cold pressed peanut oil launch into retail, which facilitates sustainable sourcing, results in further market positioning and contributes to the UK offering a flexible, innovative oil sector.
North America is a potential growth region due to peanut oil industry trends that favor health and well-being cooking oils. Peanut oil, with its high smoke point is suited for frying applications, along with uses in cosmetic applications. In North America, consumers are becoming more health conscious while the foodservice industry looks for value across oils this all adds stability to a market centre of North America. The USA and Canada lay claim to the lead, but the introduction of innovations around organic oils will help buoy growth in the region.
The US drives North America’s market, fueled by key trends driving the peanut oil market, including health-first food choices & diets and frying applications. In 2024, ADM expanded its processing plant into Georgia and includes a new organic peanut oil for foodservice application, extend its market reach to food processing, further supporting the USA leadership claim in the region.
In Canada, the peanut oil market outlook is strong as demand from food processing and plant-based diet options remain firm. Peanut oil is also increasing as a cosmetic ingredient. In 2025 Hain Celestial launched a non-GMO peanut oil to appeal to health-conscious buyers while strengthening market positioning and the role of Canada in North America’s peanut oil market growth.
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Rising Demand for Edible Oils
Increasing Health Consciousness
Fluctuating Peanut Prices
Stringent Food Safety Regulation
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The global peanut oil market's key players are strategically focusing on their sourcing network diversification and new elements, including varieties of cold-pressed and organic, to keep pace with the growing interest in healthier options in oils. Cargill and Archer Daniels Midland (ADM) are growing their refining and packaging standards in Asia and Africa to take advantage of market shares in developing markets. In 2024, ADM announced a traceability program for peanut oil supply chain segments in India and Senegal, and launched the measures to promote and enforce sustainability, as well as productive transparency. Wilmar International partnered with local agri-cooperatives, develop high-oleic peanut oil for the premium health-oriented consumer in China.
Newer players and local specialists are also gaining ground through their emphasis on non-GMO, artisanal, and specialty peanut oil types of products. They are focusing on using e-marketing and clean-label brands to reach urban dwellers and specialty user food manufacturers. For instance, European startups are developing blockchain-backed origin traceability with their labels to reach transparency-minded markets. These nimble brands are also working with local producers to keep their products fresh and exhibit a certain regional identity, while positioning themselves as premium alternatives to large-scale industrial suppliers.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global peanut oil market continues to adapt to accommodate the growing popularity of cold pressed oil, and organic oil among health-conscious consumers. The key contributor to this growth consists of the increased demand for cleaner edible oils, that are also nutrient-dense, along with the growth of foodservice and retail sectors in developed and developing countries.
However, there are significant restraints to market growth which stem from fluctuation in peanut prices due to weather sensitive agricultural production. Asia-Pacific is the largest regional market, whereas refined oil leads in segmental share due to its commercial cooking use. Another driver includes the adoption of blockchain, and traceability tools, helping brands attain transparency and overcome trust barriers in competitive retail markets.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 11.6 billion |
Market size value in 2032 | USD 16.94 billion |
Growth Rate | 4.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Peanut Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Peanut Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Peanut Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Global Peanut Oil Market size was valued at USD 10.80 billion in 2023 poised to grow from USD 11.17 billion in 2024 to USD 14.59 billion by 2032, growing at a CAGR of 3.4% during the forecast period (2025-2032).
The global peanut oil market's key players are strategically focusing on their sourcing network diversification and new elements, including varieties of cold-pressed and organic, to keep pace with the growing interest in healthier options in oils. Cargill and Archer Daniels Midland (ADM) are growing their refining and packaging standards in Asia and Africa to take advantage of market shares in developing markets. In 2024, ADM announced a traceability program for peanut oil supply chain segments in India and Senegal, and launched the measures to promote and enforce sustainability, as well as productive transparency. Wilmar International partnered with local agri-cooperatives, develop high-oleic peanut oil for the premium health-oriented consumer in China. 'Cargill Inc. (United States)', 'Archer Daniels Midland Company (United States)', 'Wilmar International Limited (Singapore)', 'Bunge Limited (United States)', 'CHS Inc. (United States)', 'Olam International (Singapore)', 'Yihai Kerry Investments Co. Ltd. (China)', 'Louis Dreyfus Company (Netherlands)', 'Adani Wilmar (India)', 'Ruchi Soya Industries Ltd. (India)', 'Hain Celestial Group (United States)', 'J-Oil Mills Inc. (Japan)', 'Lam Soon Group (Malaysia)', 'Ventura Foods (United States)', 'Agarwal Industries Pvt. Ltd. (India)', 'Liberty Oil Mills Ltd. (India)', 'Golden Peanut and Tree Nuts (United States)', 'Catania Oils (United States)', 'Planters Peanut Co. (United States)', 'Agro Indonesia (Indonesia)', 'Manishankar Oils Pvt. Ltd. (India)', 'Shree Ram Proteins Ltd (India)', 'Kothari Oils (India)'
The global peanut oil market is rapidly growing as cooking and processed edible oil demand is increasing. Also, peanut oil is favoured because of flavour and high smoke point, making it useful for frying and culinary applications. The demand for peanut oil is further driven by consumption because of urbanization and changing dietary habits, of those living in urban areas. Peanut oil's demand is also growing because of uses in snacks, and some processed foods. Supportive policy in commodity markets (agriculture-farming) with expanding peanut oil production capacity, will help enable market growth for peanut oil, to meet the global culinary needs of peanut oil.
Surge in Demand for Cold-Pressed and Organic Peanut Oil: Consumers are increasingly gravitating toward clean-label, less processed edible oils. This trend has led to a considerable increase in demand for cold-pressed and organic peanut oil in metropolitan and health markets. In response to this trend, companies are launching premium product lines branded as "chemical free" and "farm-to-bottle" to capture the overall rise in health and wellness trends globally.
Why is Asia-Pacific the Largest Contributor to Both Volume and Variety in the Global Peanut Oil Trade?
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