Reports > Food And Beverages > Peanut Oil Market Report
Peanut Oil Market Size, Share, Industry Trends and Forecast to 2033
This comprehensive market report provides insights into the Peanut Oil market, covering industry trends, segmentation, and forecasts from 2023 to 2033. It includes market size analysis, regional breakdowns, and technological advancements impacting the market.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $12.50 Billion |
| CAGR (2023-2033) | 5.8% |
| 2033 Market Size | $22.26 Billion |
| Top Companies | Pioneer Foods, Cargill, Inc., Louis Dreyfus Company |
| Last Modified Date | 15 Nov 2024 |
Peanut Oil Market Report (2023 - 2033)
Peanut Oil Market Overview
What is the Market Size & CAGR of Peanut Oil market in 2023?
Peanut Oil Industry Analysis
Peanut Oil Market Segmentation and Scope
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Peanut Oil Market Analysis Report by Region
Europe Peanut Oil Market Report:
Europe's Peanut Oil market is projected to grow from $4.05 billion in 2023 to $7.21 billion by 2033. The increasing trend of healthy eating and the versatility of peanut oil in culinary applications contribute to its rising popularity, especially in the UK, Germany, and France.Asia Pacific Peanut Oil Market Report:
The Asia Pacific region holds a significant market share in the Peanut Oil sector, valued at $2.39 billion in 2023 and projected to reach $4.26 billion by 2033. The growing population and increasing disposable incomes are driving the demand for cooking oils, especially in countries like China and India.North America Peanut Oil Market Report:
North America shows a robust market for Peanut Oil, estimated at $4.16 billion in 2023, anticipated to expand to $7.41 billion by 2033. The USA represents the largest market due to increased usage in both household and commercial cooking, along with a focus on natural and organic ingredients.South America Peanut Oil Market Report:
In South America, the Peanut Oil market is relatively smaller, valued at $0.18 billion in 2023, with a forecast to grow to $0.33 billion by 2033. The rising interest in healthy cooking oils presents opportunities for growth, particularly in Argentina and Brazil.Middle East & Africa Peanut Oil Market Report:
In the Middle East and Africa, the Peanut Oil market is poised for growth, estimated at $1.71 billion in 2023 and forecasted to reach $3.05 billion by 2033. The demand is primarily driven by the culinary traditions that favor peanut oil in various local cuisines.Request a custom research report for industry.
Peanut Oil Market Analysis By Product
Global Peanut Oil Market, By Product Market Analysis (2023 - 2033)
The Peanut Oil market is segmented into refined and unrefined oil. Refined peanut oil is dominant, accounting for a market size of $10.96 billion in 2023, growing to $19.51 billion by 2033. In contrast, unrefined peanut oil, while having a smaller market share of $1.54 billion in 2023, is expected to increase to $2.75 billion by 2033 as it garners interest for its health benefits and flavor.
Peanut Oil Market Analysis By Application
Global Peanut Oil Market, By Application Market Analysis (2023 - 2033)
Applications of Peanut Oil include food, cosmetics, and biofuels. The food industry is a key driver, with a market size of $7.61 billion in 2023, projected to increase to $13.56 billion by 2033, which emphasizes the growing trend of healthy cooking oil choices. The cosmetics and personal care segment also shows steady growth from $3.19 billion to $5.68 billion within the same period.
Peanut Oil Market Analysis By Distribution Channel
Global Peanut Oil Market, By Distribution Channel Market Analysis (2023 - 2033)
Distribution channels for Peanut Oil include online and offline retail. Online retail is significant, with sales estimated at $10.96 billion in 2023, expected to reach $19.51 billion by 2033. Offline retail, while smaller, predicts growth from $1.54 billion to $2.75 billion, driven by traditional grocery store sales.
Peanut Oil Market Analysis By Package Type
Global Peanut Oil Market, By Package Type Market Analysis (2023 - 2033)
Peanut Oil packaging is segmented into bottles and bulk packaging. The bottled segment captures a larger market share, valued at $10.96 billion in 2023 and expected to grow to $19.51 billion by 2033. Bulk packaging, primarily used for commercial purposes, is projected to increase from $1.54 billion to $2.75 billion.
Peanut Oil Market Analysis By End Use
Global Peanut Oil Market, By End-Use Market Analysis (2023 - 2033)
End-use applications for Peanut Oil span across households and commercial establishments. Household usage dominates the market with a size of $10.96 billion in 2023 and an expected increase to $19.51 billion by 2033. Commercial use accounts for $1.54 billion in 2023 with projections to $2.75 billion, reflecting rising restaurant and foodservice demand.
Peanut Oil Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Peanut Oil Industry
Pioneer Foods:
Pioneer Foods is a leading producer of food products in South Africa, well-known for its high-quality peanut oil brand, which caters to both local and international markets.Cargill, Inc.:
Cargill is one of the largest agricultural firms globally, engaged in the production and distribution of peanut oil. The company's extensive distribution network ensures availability across various regions.Louis Dreyfus Company:
A major global merchant and processor of agricultural goods, Louis Dreyfus is heavily involved in the peanut oil industry, providing refined and unrefined products.We're grateful to work with incredible clients.
