Peanut Oil Market By Type (Refined peanut oil, Unrefined peanut oil, Peanut oil blends, Cold-pressed), By Packaging (Plastic Pouches, Glass Containers, Plastic Containers, Cartons, others), By Application (Food Industry, Cosmetics, and Personal Care, Pharmaceuticals, Others), By Distribution Channel (Online Platforms, Offline Stores {Supermarkets, Convenience Stores, Specialty Stores}), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

Industry Outlook

The Peanut Oil market accounted for USD 11.5 Billion in 2024 and is expected to reach USD 18.86 Billion by 2035, growing at a CAGR of around 4.6% between 2025 and 2035. The peanut oil Market is related to the extraction of peanut oil from peanut seeds (Arachis hypogaea) and has general uses in cooking and frying owing to its bland flavors, and highly desired smoke point among other merits. It contains a lot of monounsaturated fats and it is believed to help reduce levels of bad cholesterol.

In addition, peanut oil contains vitamin E and antioxidants that are necessary for skin care and may be effective in the prevention of chronic diseases too. It comes in three subtypes, including refined, unrefined, and cold-pressed, and provides several flavors and nutrients to adapt to various uses. Moreover, peanut oil remains non-reactive to oxidative rancidity known to bolt at high temperatures making the oil ideal for deep frying.

Report Scope:

Market Dynamics

Increasing consumer interest in organic and non-GMO peanut oil products.

Higher demand for organic and non-GMO peanut oil is one of the essential factors that fuel the growth of the peanut oil market. Since people are now more conscious about their health and avoid using any chemicals and additives in food items, they have drifted more towards natural oils. Products derived from organic peanut oil that do not contain pesticides, or synthetic fertilizers are especially attractive to customers who care about their health and the food they consume; these aspects are driven by the need to grow the market for organic products in the context of the food industry.

Non-GMO peanut oil is also becoming increasingly popular as the public becomes apprised of the dangers that GMOs hold and the general avoidance of them in food products. This shift in trend is pushing more producers to provide organic and non-GMO-certified peanut oil products, driving the peanut oil market expansion.

The expanding food processing industry driving higher peanut oil consumption globally.

Increased consumption of peanut oil is caused by the growth of the food processing industry around the world, which drives the peanut oil market with the increasing demand for processed foods, ready-to-eat meals, and snacks. Peanut oil is gaining popularity because of its tastelessness, capacity to smoke, and the health benefits associated with it. Ironically, peanut oil is used in most of the fried foods, cooking, and in the manufacturing of food products such as sauces, snack foods, and processed meals. The development of the food industry, such as fast-food chains and restaurants, has also been an influence on the increase in the use of peanut oil.

Intense competition from affordable and widely available vegetable oil alternatives.

The competitive threat of substitute products remains a major problem for the development of the peanut oil market, as vegetable oil is easily available and comparatively cheaper. Common vegetable oils that are less expensive, more readily available, and can be a big draw for consumers on a tight budget are soybean, sunflower, and palm oil.

Due to their comparatively lower cost and the versatility, they provide in the kitchen, these oils are utilized extensively in the majority of homes and food processing enterprises. As is frequently the case with peanut oil, these oils may be more expensive because of their superior quality, which could indicate that they are facing competition from other oils in the more delicate market niches. Vegetable oils are now offered in a variety of formats and packaging, which increases their allure, peanut oil is unable to maintain a competitive advantage in some areas.

Expanding online sales channels provides global access to peanut oil products.

The expansion of the peanut oil market is greatly impacted by the expanding sales platforms made possible by internet systems, which provide access to peanut oil products throughout the world. The ease with which people throughout the world can now access and buy peanut oil online thanks to e-commerce platforms has increased its market share relative to conventional businesses.

Consumers purchase peanut oil from online shops due to its availability, the ability to read other people's opinions, compare prices, and the flexibility to choose from a wide variety of brands and product types. Furthermore, it enables producers and distributors to reach new, diverse, and anal markets, particularly in places where peanut oil may not yet have established channels. These online platforms are meeting the growing demand for commodity products, such as organic or non-GMO peanut oil, and the growing awareness of people preferring healthier foods.

Innovation in sustainable packaging enhances market appeal and reduces waste.

Sustainable packaging techniques are being deployed for peanut oil products, which is improving market appeal while at the same time curtailing wastage. As the public increasingly develops a concern for the environment, this has led to the need to reduce the effects of packaging on the environment.

Current packaging materials for peanut oil include biodegradable, recyclable, or reusable materials such as glass jars, paper cartons, and recyclable plastics. It shows the strong demand for sustainable products among major consumers.

Industry Experts Opinion

“Cooking oil is the major product they use peanuts for unless they are eating them raw. Some countries eat peanut butter, but I don’t think it’s anything like it is here in the United States.”

• John Cason, Peanut breeder, A&M AgriLife, Texas.

“At this point, no matter what a farmer does to conserve water, and trust me, they’re doing all they can, the aquifer is just not replenishing quickly enough to compensate for what’s being pulled out. With this new high-oil peanut, since it’s not going into the edible market, farmers can irrigate less, and if it rains, they may not have to irrigate at all.”

• Shelly Nutt, executive director, Texas Peanut Producers.

Segment Analysis

Based on Type, the peanut oil market is segmented as refined peanut oil, unrefined peanut oil, peanut oil blends, and cold-pressed peanut oil. Refined peanut oil is more dominant in the peanut oil market. It has fewer impurities, and its taste is not distinctive, therefore suitable for use in cooking. It is very much used in the food processing industries, especially in deep-frying processes.

Lower-processed crude peanut oil is steadily gaining acceptance in the market because of increased awareness of the public’s nutritional value and lack of chemical intervention in the making of the product, making it the main driver of the organic and natural foods market. New product offerings such as blended peanut oil, which is peanut oil mixed with other oils to produce a different taste and is relatively cheaper, are gradually cropping up on the market.

Based on Packaging, the peanut oil market is categorized into plastic pouches, glass bottles, plastic bottles, cartons, and others. In the peanut oil market, plastic pouches stand out as the leading category in the packaging area. This is due to their high levels of cost-cutting, lightweight, and ease of transport, making them much favored in both the retail and bulk ambassadorial levels.

These pouches, on the other hand, offer durability and are hardly likely to break like those of the glass containers, thus minimizing transportation losses. Because they are less expensive and come in the sizes that customers want, plastic pouches are also well-liked in the developing market. Customers can receive fresh products thanks to their potential for a longer shelf life and tamper-proof sealing. The consumer's preferred plastic pouch is still popular in this market category due to the convenience of flexible packaging and the fact that more customers live in cities.

Regional Analysis

The Asia Pacific peanut oil market is on the rise due to the region's focus on agriculture and the role that peanut oil plays in food preparation. Two of the largest consumers and producers are China and India, which contribute a large part to the intake of peanuts all over the world. In China, peanut oil is widely used for frying, while in India, it serves as the basis for regional cuisine. The need for premium peanut oil products like cold-pressed and organic oils is growing due in large part to urbanization and rising disposable income.

There is growth in the Southeast Asia region, including Vietnam and Indonesia, due to the expanded use of peanut oil in local food products and exports. Ongoing public policies favoring the cultivation of oilseeds and the implementation of improved oil extraction techniques are increasing production further. Also, government consideration toward healthier cooking oils, together with the increasing export demand, is opening up new growth opportunities in the region.

Due to rising consumer demand for plant-based, niche, and healthful products, the North American peanut oil market is expanding. With significant peanut production and consumption in the food processing sector, the United States leads the region. Due to the nutritional value of peanut butter oil, it is finding application as a functional ingredient in bakery products, snack foods, and health foods.

The growing customer preference for natural, allergy-free, and organic products further encourages market expansion. To fulfill market demand, Canada is also stepping up its production of specialist peanut products and increasing its imports of peanuts. Some of the factors driving this market are rising consumer awareness and healthy eating habits, ongoing advancements in food processing methods, and centralized distribution networks.

Competitive Landscape

The peanut oil market is highly competitive. The advancements are being driven by Archer Daniels Midland Company, Cargill, Incorporated, Olam International, Wilmar International Limited, and Lorenzati Group. To remain competitive, all of these businesses take steps like expanding internationally, creating eco-friendly supply chains, and launching new goods. At the moment, Olm International is dedicated to commercial alliances and investment in significant production hubs, whereas Cargill, Inc. is focused on sourcing non-genetically modified peanuts and energy-efficient production.

In addition to creating high-quality products, Wilmar Worldwide Limited and Bunge Limited are two large worldwide corporations that have used vertical integration to implement supply chain management and offer competitive prices for their goods. The best technical processing methods and access to a worldwide supply chain for a sustainable supply of peanut oil can be provided by Archer Daniels Midland Company and Louis Dreyfus Company B.V. They continue to fund their research and development to provide higher quality.

Peanut Oil Market, Company Shares Analysis, 2024

To explore in-depth analysis in this report - Request Free Sample Report

Recent Developments:

• In November 2024, A Texas A&M AgriLife team explored avenues to help develop this new pipeline for producing high-oil peanuts. Through a U.S. Department of Agriculture National Institute for Food and Agriculture three-year, $499,000 grant, Texas A&M AgriLife Research led the development of high-oil peanut cultivars and explored the economics of establishing the high-oil peanut market.

Report Coverage:

By Type

• Refined peanut oil
• Unrefined peanut oil
• Peanut oil blends
• Cold-pressed

By Packaging

• Plastic Pouches
• Glass Containers
• Plastic Containers
• Cartons
• Others

By Application:

• Food Industry
• Cosmetics and Personal Care
• Pharmaceuticals
• Others

By Distribution Channel

• Online Platforms
• Offline Stores
  • Supermarkets
  • Convenience Stores
  • Specialty Stores

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of the Middle East & Africa

List of Companies:

• Archer Daniels Midland Company
• Cargill, Incorporated
• Olam International
• Wilmar International Limited
• Louis Dreyfus Company B.V.
• Bunge Limited
• Lorenzati Group
• Ventura Foods, LLC
• Adani Wilmar Limited
• American Vegetable Oils, Inc.
• COFCO Corporation
• Hunan Jinlong Peanut Oil Co., Ltd.
• Qingdao Changsheng Group Co., Ltd.
• Fuji Vegetable Oil, Inc.
• Shandong Luhua Group Co., Ltd.
• Hebei Jiafeng Plant Oil Co., Ltd.
• AAK AB
• PT. Musim Mas

Frequently Asked Questions (FAQs)