Global Ground-Nut Oil Market: Overview
Ground-Nut Oil also referred to as Arachis oil is a vegetable oil that is mild in taste and is extracted from groundnuts. The product also possesses strong groundnut aroma and is similar to sesame oil. Groundnuts are legumes and are the staple food of Latin America as well as many of the tropical countries. They are used in many of the Asian cuisines. Ground-Nut oil is used for cooking purpose as well as to improve the food flavor.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Ground-Nut Oil Market: Growth Factors
Beneficial functional features of the ground-nut oil are likely to steer the growth of the market in the years ahead. Moreover, the product is used for deep-frying as does not absorb the food product flavor. Apart from this, the ground-nut oil comprises of a low amount of saturated fats, cholesterol, and trans-fats. Hence, it has gained popularity across the globe due to its numerous health benefits. Moreover, the nutty flavor of the product has made its application more prominent as a flavoring agent. All these aforementioned factors are likely to steer the growth of the ground-nut oil industry in the ensuing years. Nonetheless, oscillation in the costs of the product due to variations in the demand & supply of the groundnuts is likely to impact the growth of the market in the foreseeable future.
Moreover, the massive focus of suppliers on delivering value-added oil products along with escalating awareness among the customers pertaining to health advantages accrued due to intake of the ground-nut oil will impel the business growth.
Global Ground-Nut Oil Market: Segmentation
The overall ground-nut oil industry is segregated based on the type and application. Based on the type, the market for ground-nut oil is sectored into unrefined and refined types. On the basis of application, the industry is divided into personal care products, pharmaceutical, and food applications.
Global Ground-Nut Oil Market: Regional Analysis
Based on regions, the overall ground-nut oil industry can be divided into five main regions: Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Regionally, the massive use of ground-nut oil as a food ingredient is likely to steer the growth of the market in the Asia Pacific zone. Apart from this, the region is also the highest manufacturer as well as consumer of the ground-nut oil and this is likely to uplift the growth of the regional market during the projected timeline.
Moreover, the European market is likely to witness a tremendous surge over the forthcoming years due to high demand for the product in countries like France, Germany, the UK, Russia, and Ireland. Additionally, the Middle East and Africa, North America, and Latin American market have huge growth potential and are likely to make massive contributions towards the overall industry expansion in the forthcoming years.
Global Ground-Nut Oil Market: Competitive Players
Key players involved in the ground-nut oil business include Longda, ADM, Cargill, Wilmar International, Bunge, Amanah Oil, Shandong Luhua, Yihai Kerry, Ventura Foods, Henan Sunshine Group Corporation, Corbion, Shandong Bohi Industry, Cofco, Xiamen Zhongsheng, Qingdao Changsheng, Shangdong Jinsheng, Hunan Jinlong, Guangdong Yingmai, Qingdao Tianxiang, Dalian Huanong, and Shandong Sanwei.
Global Ground-Nut Oil Market: Regional Segment Analysis
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