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Report Overview
The global peanut oil market, valued at USD 12.20 Billion in 2024, has witnessed substantial growth. Peanut oil is an excellent source of essential vitamins and minerals, such as vitamin E and magnesium. The market is anticipated to expand at a compound annual growth rate (CAGR) of 4.60% from 2025 to 2034, potentially reaching USD 19.13 Billion by 2034. This growth is supported by the oil's relatively long shelf life, making it convenient for both consumers and manufacturers.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- According to the US Department of Agriculture, Australia's peanut production reached 16,000 tonnes in the 2022/23 period. This contributes to the global peanut oil market by increasing supply, which enhances global availability and supports the growing demand for healthy cooking oils in various markets.
- As reported by the APEDA, India exported peanuts worth USD 860.68 million in FY24. This significant export value plays a key role in the global peanut oil market by driving international demand, further promoting the versatility and health benefits of peanut oil globally.
- The USDA’s National Agricultural Statistics Service (NASS) estimated the U.S. peanut crop in 2022 at 5.57 billion pounds. This large production volume contributes to the global peanut oil market by providing a steady supply of peanuts, which are essential for the manufacturing of peanut oil used worldwide.
Compound Annual Growth Rate
Value in USD Billion
4.6%
2025-2034
Peanut Oil Market Outlook
*this image is indicative*
Global Peanut Oil Market Growth
The peanut oil market has seen growth as it offers a healthier option, thanks to its monounsaturated fats that support heart health. Its high smoke point is perfect for frying, while antioxidants and vitamin E offer skin protection. With a neutral flavour, it enhances dishes, increasing demand for healthier, natural cooking oils. In September 2024, PLANTERS® launched its Special Reserve peanuts to celebrate National Peanut Day. Grown on under 150 acres in Virginia, these premium peanuts are hand-cooked, seasoned, and larger than usual, offering a unique balance of salt, crunch, and creaminess.
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Peanut oil is highly valued in skincare for its moisturising properties and high vitamin E content, driving the growth of the peanut oil market. It hydrates dry and mature skin, alleviates irritation and redness, and is commonly found in lotions and hair products. Its emollient qualities offer long-lasting hydration, making it a preferred choice in natural skincare.
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Key Trends and Recent Developments
The peanut oil market is propelled by a growing demand for healthier, organic, and non-GMO oils, the adoption of cold-pressed extraction methods, and an increasing focus on sustainability and eco-friendly production practices.
Rising Demand for Healthier Oils is Driving the Peanut Oil Market
The growing global preference for healthier cooking oils has significantly boosted the market. With its rich content of monounsaturated fats and antioxidants like vitamin E, peanut oil is increasingly valued for its heart-healthy benefits. As more consumers seek alternatives to oils high in saturated fats, peanut oil’s popularity continues to soar. According to USDA, in 2024, China was the leading producer, contributing 31% of global production, with regions like Henan, Shandong, Guangdong, Hebei, and Hubei producing a total of 19,000 thousand metric tons.
Preference for Organic and Non-GMO Oils is a Key Trend in the Peanut Oil Market
As consumers become more health-conscious and environmentally aware, the demand for organic and non-GMO peanut oil has risen. Organic peanut oil is especially popular due to its purity and environmentally friendly production processes. This trend is encouraging farmers to adopt organic cultivation methods, catering to the increasing demand for natural, sustainable products. In 2024, India ranked as the second-largest peanut producer globally, with key regions such as Gujarat (42%), Rajasthan (17%), and Tamil Nadu (11%) contributing to a total production of 7,100 thousand metric tons.
Adoption of Cold-Pressed Extraction Methods is Influencing the Peanut Oil Market Dynamics and Trends
Cold-pressed peanut oil has gained significant popularity due to its nutritional benefits and minimal processing. This method retains the oil’s natural vitamins, antioxidants, and flavour, making it a preferred choice among health-conscious consumers. As the demand for unrefined, natural products increases, cold-pressed peanut oil is sought after for both culinary and skincare purposes. In August 2023, Tata Consumer Products launched a new range of cold-pressed oils under the 'Tata Simply Better' brand, offering high-quality options like Virgin Cold Pressed Coconut Oil and Cold Pressed Groundnut Oil.
Sustainability and Eco-Friendly Production is Impacting the Peanut Oil Market Revenue
Sustainability is becoming a key driver in the market, with more producers adopting environmentally friendly agricultural and extraction methods. As consumers increasingly favour eco-conscious products, this shift is encouraging growth within the peanut oil sector, benefiting both the food and cosmetics industries. In November 2022, a USD 10 billion U.S. peanut oil market, previously untapped, was explored when Texas A&M teamed up with Chevron to investigate peanut oil as a low-carbon fuel. They secured a USD 499,000 USDA grant despite focusing on edible peanuts rather than oil.
Global Peanut Oil Market Trends
The growth of the peanut oil market is driven by its long shelf life, making it ideal for food preservation. The rising demand for organic and non-GMO options is spurring manufacturers to invest in eco-friendly, high-quality production methods. Its versatility across industries enhances its market appeal. In October 2024, a Texas A&M AgriLife team explored new markets for high-oil peanuts, focusing on cooking oil and renewable fuel. With a USD 499,000 USDA grant, they worked on developing new cultivars and evaluating the market’s economic potential, collaborating with growers and industry partners to identify challenges and opportunities.
Sustainable farming practices are boosting demand for the peanut oil market, with producers adopting environmentally friendly cultivation methods. As a cost-effective alternative to pricier oils, it’s increasingly used in both homes and commercial kitchens. Additionally, its compatibility with plant-based diets further drives market growth, benefiting farmers and supporting rural economies.
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Global Peanut Oil Industry Segmentation
The EMR’s report titled “Global Peanut Oil Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Refined
- Unrefined
Market Breakup by Application
- Food
- Personal Care Product
- Pharmaceutical
- Others
Market Breakup by Packaging
- Plastic Bottles
- Plastic Containers
- Glass Containers
- Plastic Pouches
Market Breakup by Packaging
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Peanut Oil Market Share
According to the peanut oil market analysis, the food industry dominates the market, as peanut oil is widely used in cooking, thanks to its high smoke point, which makes it ideal for frying and high-temperature cooking. Its mild, neutral flavour enhances various dishes. Additionally, its monounsaturated fats and antioxidants promote heart health, offering essential nutrients that contribute to the increasing demand for healthier cooking oils globally. Sweet Karam Coffee’s Organic Native Snacks launched products made from millets and indigenous rice, cooked in cold-pressed groundnut oil to promote traditional flavours.
The growth of the peanut oil market is further driven by its increasing use in skincare products. Peanut oil’s high vitamin E content and moisturizing properties help maintain skin health, making it a popular ingredient in lotions, creams, and hair care products. Its natural antioxidants and anti-inflammatory qualities boost its appeal in personal care. Known for its emollient and antioxidant properties, peanut oil is used in skincare for dry and mature skin. Brands such as Mario Badescu incorporate it into products to soften skin and combat free radicals, offering anti-aging benefits. Its emollient and occlusive properties also hydrate and protect the skin.
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Competitive Landscape
The peanut oil market key players specialise in sourcing, processing, and distributing food and agricultural products. They cater to industries such as food, beverages, and consumer goods, focusing on sustainable practices, responsible sourcing, and efficient supply chain management. Their portfolios span sectors like edible oils, coffee, cocoa, and grains, while also offering supply chain management services that create value for both producers and consumers.
Archer Daniels Midland
Headquartered in Chicago, United States, Archer Daniels Midland was established in 1902. The company is a global leader in agricultural processing and food ingredients, providing innovative solutions across various sectors, including food, beverages, and animal nutrition. Archer Daniels Midland operates in over 170 countries, focusing on sustainable solutions in the food supply chain.
Cargill, Incorporated
Founded in 1865, Cargill is headquartered in Minnesota, United States. This multinational corporatio...
Olam International
Olam International was founded in 1989 and is headquartered in Singapore. The company is a global ag...
Adani Wilmar Limited
Established in 1999, Adani Wilmar is headquartered in Ahmedabad, India. A joint venture between Adan...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Another key player in the peanut oil market report is Ventura Foods among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 4.60% between 2025 and 2034.
The major drivers of the market include rising pharmaceutical industry, food industry, and the increasing use of peanuts for immediate production and processing.
The peanut oil market is being aided by rising health concerns and added nutritional benefits of peanut oil over other oils.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Refined and unrefined are the leading products in the industry.
Food, personal care products, and pharmaceuticals, among others are the leading applications in the industry.
Plastic bottles, plastic containers, glass containers, and plastic pouches are the leading packaging in the industry.
The major players in the industry are Archer Daniels Midland, Cargill, Incorporated, Olam International, Adani Wilmar Limited., and Ventura Foods, among others.
In 2024, the peanut oil market reached an approximate value of USD 12.20 Billion.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 19.13 Billion by 2034.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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