[Latest] Global Peanut Oil Market Size/Share Worth USD

Austin, TX, USA, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Peanut Oil Market Size, Trends and Insights By Type (Refined Peanut Oil, Unrefined Peanut Oil), By Application (Cooking, Food Processing, Cosmetics, Pharmaceuticals, Others), By Packaging Type (Bottles, Drums, Bulk), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Peanut Oil Market size & share was valued at approximately USD 10.70 Billion in 2022 and is expected to reach USD 10.85 Billion in 2023 and is expected to reach a value of around USD 12.12 Billion by 2032, at a compound annual growth rate (CAGR) of about 3.5% during the forecast period 2023 to 2032.”

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Peanut Oil Market: Growth Factors and Dynamics:

Culinary Evolution: The peanut oil market experiences substantial growth driven by the evolving culinary landscape. Peanut oil emerges as a versatile and popular cooking medium, contributing to the flavor, texture, and health aspects of various cuisines.

Nutritional Benefits: Advancements in processing techniques highlight the nutritional benefits of peanut oil. Rich in monounsaturated fats, vitamin E, and antioxidants, peanut oil appeals to health-conscious consumers seeking heart-healthy cooking options.

Cooking Precision and Flavor Enhancement: Peanut oil’s high smoke point and neutral flavor make it a preferred choice for precision cooking and flavor enhancement. It is widely used in deep frying, sautéing, and stir-frying, providing a crispy texture and enhancing the taste of diverse dishes.

Food Industry Applications: Peanut oil plays a pivotal role in the food industry, especially in the manufacturing of snacks, baked goods, and ready-to-eat products. Its versatility in various culinary applications contributes to the growth of the market.

Health-conscious Consumer Trends: The peanut oil market aligns with health-conscious consumer trends, offering a cholesterol-free and trans-fat-free alternative for cooking. As consumers focus on healthier lifestyles, peanut oil gains prominence in kitchen choices.

Gourmet and Specialty Cooking: Gourmet and specialty cooking experiences witness a surge with the use of peanut oil. Its distinctive flavor profile makes it a sought-after choice for chefs and home cooks exploring diverse cuisines and culinary innovations.

International Cuisine Influence: The popularity of international cuisines, where peanut oil is a traditional ingredient, contributes to the market’s expansion. Peanut oil’s role in Asian, African, and Latin American cuisines enhances its global appeal.

Foodservice Industry Adoption: The food service industry embraces peanut oil for its cooking properties and consumer preferences. From restaurants to catering services, peanut oil has become a staple in professional kitchens, supporting efficient and flavorful food preparation.

Cosmetic and Pharmaceutical Applications: Beyond the culinary realm, peanut oil finds applications in cosmetics and pharmaceuticals. Its moisturizing properties make it a common ingredient in skincare products, while its use in pharmaceutical formulations adds to its market versatility.

Sustainable Sourcing Practices: The peanut oil market emphasizes sustainable sourcing practices, promoting responsible cultivation and production methods. Brands and consumers alike recognize the importance of environmentally friendly approaches in the peanut oil industry.

Cross-industry Collaboration: The peanut oil market benefits from cross-industry collaboration, with stakeholders in the food, health, and beauty sectors acknowledging the versatility and value of peanut oil in addressing diverse consumer needs.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 10.85 Billion
Projected Market Size in 2032	USD 12.12 Billion
Market Size in 2022	USD 10.70 Billion
CAGR Growth Rate	3.5% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Application, Packaging Type and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Peanut Oil report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Peanut Oil report has been modified to include the COVID-19 impact study prior to delivery.)

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Peanut Oil Market: COVID-19 Analysis:

Resilience and Adaptation: Amid the challenges posed by the COVID-19 pandemic, the peanut oil market demonstrates resilience by adapting to changing consumer preferences. The demand for home cooking and healthier alternatives propels the market forward.

Home Cooking Trend: The increased emphasis on home cooking during lockdowns boosts the demand for peanut oil. Consumers, seeking restaurant-quality meals at home, turn to peanut oil for its cooking properties and health benefits.

Health and Wellness Focus: The pandemic accentuates the importance of health and wellness, driving consumers toward healthier cooking oils like peanut oil. Its nutritional profile aligns with the heightened awareness of immune health and well-being.

E-commerce Surge: The surge in e-commerce activities during lockdowns amplifies the accessibility of peanut oil to consumers. Online platforms become crucial for purchasing cooking essentials, and peanut oil contributes to the efficiency of e-commerce operations.

Supply Chain Resilience: Peanut oil contributes to enhancing supply chain resilience by providing a stable and in-demand product. Its versatility ensures it remains a key component in the food industry’s supply chain, even during disruptions.

Home Spa and Self-care: The cosmetic and pharmaceutical applications of peanut oil gain traction as consumers turn to home spa and self-care routines. Peanut oil’s moisturizing properties make it a popular choice in skincare routines, contributing to its sustained market demand.

Sustainable Practices: The peanut oil market aligns with sustainability initiatives, with a focus on responsible sourcing and production methods. Brands emphasize eco-friendly practices, resonating with consumers’ growing interest in sustainable products.

Future-Proofing Strategies: Acknowledging the evolving consumer landscape, organizations invest in future-proofing strategies by adapting product offerings and marketing approaches to meet the continued demand for peanut oil in both culinary and non-culinary applications.

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Key questions answered in this report:

What is the size of the Peanut Oil market and what is its expected growth rate?
What are the primary driving factors that push the Peanut Oil market forward?
What are the Peanut Oil Industry's top companies?
What are the different categories that the Peanut Oil Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Peanut Oil market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis of the Peanut Oil Market:

North America:

Market Overview: North America is a significant consumer of peanut oil, driven by its popularity in cooking and food processing. The region’s diverse culinary landscape and the widespread use of peanut oil in various cuisines contribute to its market growth.

Factors Driving Growth: The health-conscious consumer base, the presence of key market players, and the incorporation of peanut oil in both traditional and innovative recipes fuel the demand for peanut oil in North America.

Europe:

Market Overview: Europe showcases a growing preference for peanut oil, especially in gourmet and specialty cooking. The versatility of peanut oil in European cuisines, along with increasing awareness of its health benefits, contributes to its expanding market presence.

Factors Driving Growth: Culinary trends favoring diverse cooking oils, the integration of peanut oil in Mediterranean and European cuisines, and the rising awareness of its nutritional value drive the growth of the peanut oil market in Europe.

Asia-Pacific:

Market Overview: The Asia-Pacific region is a major consumer and producer of peanut oil, deeply ingrained in the culinary traditions of various countries. The widespread use of peanut oil in Asian cuisines, both at home and in the food industry, fuels its market dominance.

Factors Driving Growth: The cultural significance of peanut oil in Asian cooking, the expanding population, and the rising demand for natural and traditional ingredients contribute to the robust growth of the peanut oil market in Asia-Pacific.

Latin America:

Market Overview: Latin America exhibits a growing interest in peanut oil, particularly in countries where peanut-based dishes are prevalent. The region’s focus on improving efficiency in cooking processes and the rising demand for edible oils contribute to the market’s expansion.

Factors Driving Growth: Cultural culinary preferences, the versatility of peanut oil in local dishes, and efforts to modernize the food industry contribute to the increasing demand for peanut oil in Latin America.

Middle East and Africa:

Market Overview: The Middle East and Africa witness a rising adoption of peanut oil, driven by its use in traditional dishes and the growing awareness of its health benefits. The region’s emphasis on digital transformation and improving business processes further supports market growth.

Factors Driving Growth: Government initiatives supporting digitalization, a push for smart city projects, and the need for efficient asset management contribute to the growth of peanut oil technology in the Middle East and Africa.

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Browse the full “Peanut Oil Market Size, Trends and Insights By Type (Refined Peanut Oil, Unrefined Peanut Oil), By Application (Cooking, Food Processing, Cosmetics, Pharmaceuticals, Others), By Packaging Type (Bottles, Drums, Bulk), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/peanut-oil-market/

List of the prominent players in the Peanut Oil Market:

Cargill Incorporated
Archer Daniels Midland Company
Wilmar International Limited
Bunge Limited
The J.M. Smucker Company
Ventura Foods LLC
Amanah Oil
Golden Peanut and Tree Nuts
Hain Celestial Group Inc.
Yihai Kerry Investments Co. Ltd.
Olam International
Aminola Brands
H2C Foods
Mizkan America Inc.
Agarwal Industries Pvt. Ltd.
Others

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The Peanut Oil Market is segmented as follows:

By Type

Refined Peanut Oil
Unrefined Peanut Oil

By Application

Cooking
Food Processing
Cosmetics
Pharmaceuticals
Others

By Packaging Type

Bottles
Drums
Bulk

Click Here to Get a Free Sample Report of the Global Peanut Oil Market @ https://www.custommarketinsights.com/report/peanut-oil-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Peanut Oil Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Peanut Oil Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Peanut Oil Market? What Was the Capacity, Production Value, Cost and PROFIT of the Peanut Oil Market?
What Is the Current Market Status of the Peanut Oil Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Peanut Oil Market by Considering Applications and Types?
What Are Projections of the Global Peanut Oil Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Peanut Oil Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Peanut Oil Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Peanut Oil Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Peanut Oil Industry?

Click Here to Access a Free Sample Report of the Global Peanut Oil Market @ https://www.custommarketinsights.com/report/peanut-oil-market/

Reasons to Purchase Peanut Oil Market Report

Peanut Oil Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Peanut Oil Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Peanut Oil Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Peanut Oil Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Peanut Oil market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Peanut Oil Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/peanut-oil-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Peanut Oil market analysis.

The competitive environment of current and potential participants in the Peanut Oil market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Peanut Oil market should find this report useful. The research will be useful to all market participants in the Peanut Oil industry.
Managers in the Peanut Oil sector are interested in publishing up-to-date and projected data about the worldwide Peanut Oil market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Peanut Oil products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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