Global Groundnut Oil Market Size, Share, Growth Analysis Report - Forecast 2034

Groundnut Oil Market: Industry Perspective

The global groundnut oil market size was worth around USD 13.83 Billion in 2024 and is predicted to grow to around USD 21.67 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.3% between 2025 and 2034. The report analyzes the global groundnut oil market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the groundnut oil industry.

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Groundnut Oil Market: Overview

Groundnut oil is an edible vegetable oil that is extracted from groundnuts. Moreover, groundnuts are legumes and are grown in Latin America and various tropical countries. According to NCBI, groundnut oil comprises 46% and 32% of monounsaturated fatty acids & polyunsaturated fatty acids. Furthermore, a large number of studies conducted by NIH researchers reveal that intake of groundnut or groundnut oil can reduce the risk of heart disorders, diminish oxidation of low-density lipoprotein, and exert a protective effect on the cardiovascular health of individuals.  

Groundnut Oil Market: Growth Factors

Surge in awareness about health & fitness to exponentiate the global market demand over 2023-2030

The growing need to improve the flavor of food is predicted to increase the use of groundnut oil for cooking food, thereby driving the global groundnut oil market trends. A rise in the health benefits offered by groundnut oil will proliferate the size of the global market. Apart from this, an increase in the per capita income and demand for nutty flavor will steer the expansion of the market across the globe. The rising use of products in cosmetics, personal care items, and skin care products will steer the expansion of the market globally. Massive awareness of product benefits among the people will proliferate the earnings of the market in the coming decade.

Furthermore, a prominent penetration of groundnut oil in the pharmaceuticals sector will upsurge the global market elevation in the years ahead. Launching of new products, acquisitions, and capacity expansions are likely to play a pivotal role in the global market expansion in the years ahead. Citing an instance, in 2021, Cargill, Incorporated, a U.S.-based food corporation, acquired an edible oil unit in Andhra Pradesh, India, to expand its edible oil business in the southern part of India along with enhancing its product portfolio in the country.

Groundnut Oil Market: Restraints

A rise in allergies caused by intake of products can put brakes on the global industry surge by 2030

Some individuals are allergic to groundnut oil and this can shrink the demand for groundnut oil, thereby impeding the growth of the global groundnut oil industry. A surge in the processing costs of products can restrict the expansion of the industry globally.  

Groundnut Oil Market: Opportunities

The rise in the use of groundnut oil for cooking will open new growth avenues for the global market in the years ahead

A surge in spending on food & beverages and massive consumption of groundnut oil in emerging economies can open new avenues of growth for the global groundnut oil market across the globe. A prominent increase in the cultivation of groundnut oil and export to densely populated countries are likely to contribute majorly towards the global market earnings.

Groundnut Oil Market: Challenges

Ongoing conflicts between Russia & Ukraine and Israel & Hamas can hinder the product supply and pose a challenge for the industry globally 

Global conflicts have disrupted supply chain activities along with increased raw material costs, thereby posing a huge challenge to the growth of the global groundnut oil industry.

Groundnut Oil Market: Report Scope

Groundnut Oil Market: Segmentation Analysis

The global groundnut oil market is segmented based on Type, Product, Application, Distribution Channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.

Based on Type, the global groundnut oil market is divided into Refined, Unrefined.

On the basis of Product, the global groundnut oil market is bifurcated into Roasted, Cold-Pressed, Others.

By Application, the global groundnut oil market is split into Food, Pharmaceuticals, Personal Care Products, Others.

In terms of Distribution Channel, the global groundnut oil market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Others.

The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.

Groundnut Oil Market: Regional Insights

North America is predicted to retain its leading position in the global Groundnut Oil market over the forecast timeline

North America, which contributed about three-fourths of the global groundnut oil market proceeds in 2022, will be a leading region over the forecast timespan. Moreover, the regional market expansion over the coming eight years is subject to a rise in the demand for products in countries such as Canada and the U.S. Apart from this, the presence of key manufacturers and suppliers will contribute sizably towards the expansion of the market in the region. Furthermore, the thriving fashion industry and large-scale use of naturally-derived cosmetic and personal care products such as skincare and lotions in the fashion industry will prompt a regional market surge in the coming years.

The Asia-Pacific groundnut oil industry is set to register the fastest CAGR in the coming eight years. The regional industry expansion over 2023-2030 can be attributed to a prominent surge in the per capita income, a rise in the number of product manufacturers, and growing awareness about the health benefits of groundnut oil among the population in countries such as China and India. The rise in the use of products in the personal care sector will steer the product penetration in the sub-continent.  

Groundnut Oil Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the groundnut oil market on a global and regional basis.

The global groundnut oil market is dominated by players like:

• Akay Ticaret Ve Sanayi Koll. Sti.
• Dover Corporation
• Anko Food Machine Company Limited
• Kraton Corporation
• Eagle Imports
• Georgia-Pacific Chemicals LLC
• Heat and Control Inc.
• GrantChem Inc.
• Bettcher Industries Inc.
• PAG KIMYA SAN.

Groundnut Oil Market: Segmentation Analysis

The global groundnut oil market is segmented as follows;

By Type

• Refined
• Unrefined

By Product

• Roasted
• Cold-Pressed
• Others

By Application

• Food
• Pharmaceuticals
• Personal Care Products
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Others

Groundnut Oil Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America