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.
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.
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.
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.
Another key player in the peanut oil market report is Ventura Foods among others.
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.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.
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.January 2025
Plumpy’Nut® was a ready-to-use therapeutic food (RUTF), a high-energy peanut paste enriched with vitamins and minerals. Each sachet provided 500 calories, suitable for children over six months. It treated severe acute malnutrition, with just three sachets a day for six to eight weeks potentially saving a child’s life in emergencies.December 2024
SNAX-Sational Brands expanded its portfolio by launching PB&J POP popcorn. Inspired by Smucker’s® Grape and Strawberry jellies and JIF® Peanut Butter, the new variety combined these classic flavours with crunchy popcorn. The product debuted nationwide, offering a nostalgic, innovative snack blend of sweetness and richness.October 2024
SkinnyDipped, a nut-based snack manufacturer, launched topless peanut butter cups. The cups featured peanut butter encased in a dark chocolate shell and contained 3 grams of sugar per serving. The new snack offering aimed to provide a healthier alternative for peanut butter lovers.August 2024
Kroger launched its first annual peanut butter food drive in Louisville, collecting jars of peanut butter for local food banks. The campaign ran from August 1-31, with 100% of donations benefiting the Feeding America Affiliate Food Bank, including Dare to Care Food Bank. Peanut butter was chosen for its long shelf life and high protein content.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 19.00 million 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 7.10 million 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.
Global Peanut Oil Industry Segmentation
The 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.
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 corporation is a leader in food production, agricultural, financial, and industrial sectors. Cargill operates globally, focusing on food ingredients, trade, risk management, and sustainable development, aiming to nourish the world in a safe, responsible, and sustainable manner.Olam International
Olam International was founded in 1989 and is headquartered in Singapore. The company is a global agri-business that supplies food, agricultural products, and industrial materials. It has a strong presence in 60 countries, focusing on sustainable sourcing, production, and distribution across various sectors, including grains, spices, and edible oils.Adani Wilmar Limited
Established in 1999, Adani Wilmar is headquartered in Ahmedabad, India. A joint venture between Adani Group and Wilmar International, the company is one of India’s leading producers of edible oils and food products. Adani Wilmar operates across India, focusing on consumer goods such as cooking oils, rice, and pulses.Another key player in the peanut oil market report is Ventura Foods among others.
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Peanut Oil Market Analysis
6 North America Peanut Oil Market Analysis
7 Europe Peanut Oil Market Analysis
8 Asia-Pacific Peanut Oil Market Analysis
9 Latin America Peanut Oil Market Analysis
10 Middle East and Africa Peanut Oil Market Analysis
11 Market Dynamics
14 Competitive Landscape
Companies Mentioned
The key companies featured in this Peanut Oil market report include:- Archer Daniels Midland Company
- Cargill Inc.
- Olam International Limited.
- Adani Wilmar Ltd.
- Ventura Foods LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 178 |
| Published | August 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 12.2 Billion |
| Forecasted Market Value ( USD | $ 19.13 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
