Groundnut Oil Market Report
Industry revenue for Groundnut Oil is estimated to rise to $22.5 billion by 2035 from $13.3 billion of 2024.
Groundnut Oil Market Overview
The Groundnut Oil Market is projected to reach $22.5 billion by 2035, according to recent research by DataString Consulting. The market is expected to grow from $13.3 billion in 2024, driven by increasing applications in cooking, skincare products, and biofuel, as well as expanding demand in gastronomy, culinary practices, and cosmetics & personal care.
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Product Profile and Key Applications
Groundnut oil—also known as peanut oil—is valued for its slightly nutty flavor, making it a staple for deep-frying, stir-frying, and flavor enhancement in both Asian cuisine and Southern American cooking.
Culinary Uses: High monounsaturated fat content supports heart health, making it a preferred cooking oil worldwide.
Cosmetic Applications: Cold-pressed groundnut oil is integrated into skincare products, lotions, and creams due to its vitamin E and resveratrol content, which offer anti-aging and skin-enhancing benefits.
Biofuel and Industrial Uses: Its stable composition makes it suitable for certain industrial and biofuel applications.
Major brands like Namchow and Adani Wilmar lead the culinary segment, while L'Oréal and Procter & Gamble incorporate it into personal care products.
Market Drivers
Health & Wellness Trends: Rising consumer preference for heart-healthy oils rich in monounsaturated fats.
Culinary Expansion: Increased global use in traditional and modern recipes.
Technological Advancements: Innovations in extraction and refining processes.
Product Diversification: Growth in dietary supplements and fortified food items.
Industry Leadership & Strategies
Company
Strategy
Cargill
Investing in technology to improve extraction & purification processes.
Unilever
Ethical sourcing of organic groundnuts; cold-pressed technology for maximum oil yield.
Royal Dutch Shell
Partnering with small-scale farmers for sustainable cultivation and oil production.
Top demand hubs include India, China, and Nigeria, with global competition among major players such as: Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Ltd, United Plantation Berhad, Savola Group, ACH Food Companies Inc., Corbion NV, Adams Group, American Vegetable Oils Inc., ConAgra Brands Inc., Borges International Group S.L.U., Riceland Foods.
Regional Insights
Asia-Pacific
Dominated by India and China, with strong culinary traditions driving consistent demand.
North America
Rising interest in peanut oil for health-conscious diets.
Key players like ADM, Bunge Limited, and Cargill operate in a competitive environment.
Challenge: Growing competition from olive and canola oils.
Opportunity: Expanding immigrant populations that traditionally consume groundnut oil.
Market Segmentation
By Product Type:
Crude
Refined
By Application:
Food
Cosmetic
Pharmaceutical
Industrial Uses
Others
By Price Range:
Economy
Mid-Range
Premium
Coverage includes 20+ countries with detailed insights into each segment.
Outlook (2025–2030)
The market is expected to experience strong growth due to rising health consciousness, expanding culinary applications, and technological progress in oil production.
About DataString Consulting
DataString Consulting offers market research and business intelligence solutions for B2B and B2C sectors. With over 30 years of combined leadership experience serving Fortune 500 companies, the firm provides targeted insights, customized reports, and sustainable research models for organizations worldwide.
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