Peanut Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Refined, Unrefined), By Application (Pharmaceuticals, Food items, Skincare products, and Others), By Distribution Channel (Online and Offline), By Region & Competition, 2020-2030F

Market Overview

The Global Peanut Oil Market, valued at USD 3.52 Billion in 2024, is projected to experience a CAGR of 4.15% to reach USD 4.49 Billion by 2030. Peanut oil, also known as groundnut or arachis oil, is a vegetable oil extracted from peanuts, offering a flavor profile ranging from mild to distinctly nutty, depending on processing. It serves a broad range of applications across global cuisines, particularly valued for its high smoke point, and also finds use in food processing, cosmetics, and pharmaceuticals. The market's growth is primarily driven by increasing consumer health consciousness, attributed to the oil's beneficial monounsaturated fat content and antioxidants. Furthermore, its culinary versatility and traditional integration into Asian and African cooking practices significantly contribute to sustained demand.

According to the USDA Foreign Agricultural Service, peanut oil production in India for marketing year 2023/2024 was estimated at 1.2 million metric tons, with a revised forecast of 1.35 million metric tons for marketing year 2024/2025. A significant challenge that could impede global market expansion is the persistent concern regarding peanut allergies, which necessitates stringent product labeling and can restrict its utilization in certain foodservice and manufacturing sectors, particularly in regions with elevated allergen awareness.

Key Market Drivers

The global peanut oil market is substantially influenced by shifting consumer health priorities and the oil's versatile culinary attributes. Increasing consumer health consciousness and a growing demand for nutritious oils represent a primary growth engine. Consumers are increasingly seeking cooking oils perceived to offer health benefits, such as a favorable fat profile. This trend has contributed to a rising preference for peanut oil due to its relatively low saturated fat content and presence of unsaturated fats. For instance, according to the U. S. Department of Agriculture, in December 2024, its Oilseeds and Products Update, India's peanut oil consumption for Marketing Year 2024/2025 is projected to increase by 9 percent compared to the previous year, partly driven by its low-fat saturation property. This demonstrates a direct correlation between perceived health benefits and market demand.

Concurrently, the versatile culinary applications and strong cultural integration of peanut oil in traditional cuisines form another significant market driver. Peanut oil is highly valued for its high smoke point and distinct flavor profile, making it suitable for a wide range of cooking methods, including deep frying, stir-frying, and sautéing, particularly across Asian and African culinary traditions. This deep cultural embeddedness ensures sustained demand in these populous regions. Complementing this, the U. S. Department of Agriculture reported that China's peanut production capacity reached 3,136 thousand tons in 2023/2024, underpinning the extensive raw material availability that supports its widespread traditional culinary applications within a major global consumer market. Overall, according to the U. S. Department of Agriculture's Oilseeds and Products Update, from October 2023 until August 2024, India exported 179 thousand metric tons of peanut oil globally, highlighting the international trade and sustained demand for this versatile edible oil.

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Key Market Challenges

The persistent concern regarding peanut allergies presents a significant challenging factor for the global peanut oil market. This necessitates stringent product labeling requirements and consequently restricts the utilization of peanut oil in various foodservice and manufacturing sectors, especially in regions with high allergen awareness. Such restrictions directly impede market expansion by limiting the inclusion of peanut oil in a broader range of food products and menu offerings.

The widespread prevalence of this allergy contributes to reduced market penetration. According to Food Allergy Research and Education (FARE), in 2024, approximately 6.1 million Americans of all ages were allergic to peanuts. This substantial allergic population fosters a cautious approach among food producers and service providers, leading them to either avoid peanut oil entirely or incur additional costs for implementing strict allergen control measures. This directly impacts potential demand and limits opportunities for growth in sectors sensitive to allergen risks, ultimately hampering the overall growth trajectory of the global peanut oil market.

Key Market Trends

The expanding application of peanut oil within the personal care and pharmaceutical industries represents a significant market trend, driven by its beneficial properties beyond traditional culinary uses. Peanut oil is gaining recognition for its moisturizing and antioxidant attributes, making it a valuable ingredient in formulations. According to O&3 Limited in September 2023, peanut oil continues to thrive in cosmetic domains, enhancing skincare products with its nourishing properties and offering a cost-effective ingredient solution. This diversification into non-food applications broadens the market scope, providing new revenue streams for producers. Concurrently, the International Nut and Dried Fruit Council's (INC) Statistical Yearbook 2024 estimated global peanut production to reach nearly 52.48 million metric tons for the 2024/2025 season, providing a substantial raw material foundation for these emerging uses.

The growing preference for organic and non-GMO peanut oil signifies a broader consumer shift towards transparent sourcing and clean label products. Consumers are increasingly scrutinizing ingredient origins and demanding products that align with their values regarding environmental impact and natural processing. In 2024, ADM expanded its processing capabilities in Georgia to include a new organic peanut oil specifically for foodservice applications, demonstrating direct industry response to this evolving consumer demand and extending market reach into food processing. This trend underscores the importance of certification and ethical production practices in capturing premium market segments. The National Peanut Board's Economic Evaluation, released in August 2024, further highlighted this underlying market strength, revealing that marketing activities from 2019 to 2023 boosted total domestic peanut demand by 4.6% above expected levels, contributing to overall market vitality for all peanut oil categories, including organic offerings.

Segmental Insights

The Global Peanut Oil Market is experiencing rapid expansion within its Online segment, driven by fundamental shifts in consumer purchasing patterns. This accelerated growth is largely attributable to the widespread adoption of e-commerce platforms and the increasing consumer preference for convenient doorstep delivery services. Online channels provide enhanced accessibility to a broader range of peanut oil products, including specialty and artisanal varieties, directly to consumers. Moreover, the deployment of targeted digital marketing strategies, such as social media campaigns, effectively builds consumer awareness and stimulates demand for groundnut oil through virtual storefronts. These combined factors underscore the dynamic evolution of the online distribution landscape within the market, fostering significant segment growth.

Regional Insights

Asia Pacific emerges as the leading region in the global peanut oil market, primarily due to its deep cultural significance and widespread culinary integration of peanut oil across diverse Asian cuisines. Countries like China and India, being major peanut producers, ensure a consistent supply of raw material, supporting extensive domestic production. The region's large population base, coupled with increasing disposable incomes and a growing consumer preference for natural and healthy cooking oils, further amplifies demand. Additionally, the flourishing food service sector significantly contributes to the robust consumption of peanut oil in this dominant market.

Recent Developments

• In August 2025, Mars, Incorporated, a major global peanut buyer, committed a $5 million investment over five years to its "Protect the Peanut Plan." This agri-science initiative is dedicated to pioneering research aimed at developing climate-resilient peanut varieties. The plan focuses on creating hardier peanuts that can withstand increased pressures from pests, diseases, and unpredictable weather, which currently cause substantial crop losses. This breakthrough research is vital for enhancing the reliability and sustainability of the global peanut supply, directly impacting the availability and quality of peanuts for the peanut oil market.

• In June 2025, Marico Limited, an Indian FMCG company, strategically expanded its edible oil portfolio by introducing a new range of Saffola Cold Pressed Oils. This launch includes both single seed 100% groundnut oil and dual seed blends featuring groundnut with sesame or safflower oils. The new products are designed to appeal to health-conscious consumers in India, preserving natural flavor, aroma, and nutrients through a low-temperature extraction process. This initiative represents a significant new product launch within the global peanut oil market, catering to a growing demand for healthier cooking oil options.

• In March 2025, Agrocrops, a prominent company in peanut processing, expanded its business by entering the fast-moving consumer goods (FMCG) market under its new brand, MyMani. This strategic move included the launch of "Yes The Good Oil," a new line of cold-pressed peanut and sesame oils. The expansion signifies Agrocrops' growth beyond its core business of sourcing and processing raw peanuts, directly contributing to product diversification within the global peanut oil market by offering premium, cold-pressed variants to consumers.

• In July 2024, ADM, through its Golden Peanut subsidiary, announced a collaboration with The J.M. Smucker Co. and the National Black Growers Council. This partnership introduced a regenerative agriculture program across 20,000 peanut acres in the southeastern United States. The initiative aims to support peanut farmers in adopting practices that enhance soil health and reduce carbon intensity. Golden Peanut provides financial aid, technologies, and expert guidance to facilitate the transition to more sustainable farming methods, thereby strengthening the long-term supply chain for peanuts, a crucial raw material for the global peanut oil market.

Key Market Players

• Ventura Foods, LLC
• Cargill, Incorporated
• Archer Daniels Midland Company
• Olam Group Limited
• Wilmar International Limited
• General Mills Inc.
• The Hain Celestial Group, Inc.
• Associated British Foods plc
• Parrish and Heimbecker, Limited
• Bonneterre Foods Pvt Ltd (FreshMill Oils)

Report Scope:

In this report, the Global Peanut Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Peanut Oil Market, By Type:

o   Refined

o   Unrefined

• Peanut Oil Market, By Application:

o   Pharmaceuticals

o   Food Items

o   Skincare Products

o   Others

• Peanut Oil Market, By Distribution Channel:

o   Online

o   Offline

• Peanut Oil Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Peanut Oil Market.

Available Customizations:

Global Peanut Oil Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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