Peanut oil is a vegetable oil derived from peanuts. It is also known as groundnut oil or arachis oil. The oil has a strong peanut flavor and aroma and mostly used in the food industry for deep frying. Peanut oil is particularly suited for deep frying as it does not absorb the flavor of the underlying food product. It is relatively healthy oil due to a low percentage of saturated fats, cholesterol, and trans-fat. It is mainly used in American, Chinese, South Asian and Southeast Asian cuisine for general cooking, and added flavor.
MARKET DYNAMICS
The increasing expansion of the processed food industry in developed and developing countries, coupled with the increasing awareness about the functional benefits of peanut oil among the consumers, are the important factors driving the peanut oil market growth. Moreover, peanut oil is gaining popularity because they are more affordable compared to other products available in the market. However, the easy availability of substitute products such as soybean oil and sunflower oil in the market is projected to hamper the overall growth of the peanut oil market. The emergence of online selling in developing countries provides a huge market opportunity for the key players operating in the peanut oil market.
MARKET SCOPE
The "Global Peanut Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the peanut oil market with detailed market segmentation by type, application, packaging, and geography. The global peanut oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading peanut oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global peanut oil market is segmented on the basis of type, application and packaging. On the basis of type, the peanut oil market is segmented into refined, and unrefined. The peanut oil market on the basis of the application is classified into personal care products, food, pharmaceutical, and others. Similarly, on the basis of packaging the peanut oil market is bifurcated into glass containers, plastic containers, cartons, plastic pouches, and others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global peanut oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The peanut oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the peanut oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the peanut oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the peanut oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from peanut oil market are anticipated to lucrative growth opportunities in the future with the rising demand for Peanut oil in the global market. Below mentioned is the list of few companies engaged in the Peanut oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the peanut oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adani Wilmar Limited
- Amanah Oil
- Arabic Sudanese Vegetable Oils
- Archer Daniels Midland
- Cargill Incorporated
- COFCO International
- Hopefull Grain & Oil Group
- Olam International
- Ventura Foods, LLC. (LouAna)
- Wilmar International Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.