땅콩 오일 시장 : 규모, 점유율, 성장, 업계 분석, 유형별, 용도별, 지역별 인사이트, 예측(2026-2034년)

Growth Factors of peanut oil Market

The global peanut oil market size was valued at USD 8.65 million in 2025 and is projected to grow from USD 9.09 million in 2026 to USD 14.16 million by 2034, exhibiting a CAGR of 6.36% during the forecast period (2026-2034). Asia Pacific dominated the peanut oil market with a share of 92.58% in 2025, supported by strong peanut production and high consumption of groundnut oil in regional cuisines.

Peanut oil, commonly known as groundnut oil, is an edible vegetable oil extracted from peanut seeds. The oil is widely used due to its high smoke point, mild flavor, and nutritional value, making it suitable for frying, sauteing, and grilling. Apart from cooking applications, peanut oil is increasingly used in cosmetics, pharmaceuticals, and biodiesel production. Growing consumer awareness about healthy cooking oils and rising demand for traditional ingredient-based oils are major factors supporting the expansion of the global peanut oil market.

Major companies operating in the market include Cargill, Incorporated, Archer-Daniels-Midland Company, and The Hain Celestial Group, Inc., which continue to focus on product innovation and distribution expansion to strengthen their global presence.

Peanut Oil Market Trends

Increasing Utilization of Peanut Oil in the Pharmaceutical Industry

One of the emerging trends in the peanut oil market is its increasing application in the pharmaceutical industry. Peanut oil is widely used as a carrier oil in medicinal formulations due to its stability and compatibility with different pharmaceutical compounds.

It is commonly used in ear drops, laxatives, topical medications, and controlled-release injectable drugs. Additionally, peanut oil is utilized in oral drug formulations to improve the solubility of certain medicines. Growing consumer awareness regarding the therapeutic benefits of peanut oil is further encouraging its adoption in healthcare applications.

The Asia Pacific market has experienced notable growth, increasing from USD 7.11 million in 2023 to USD 7.58 million in 2024, highlighting the region's expanding demand.

Market Dynamics

Market Drivers

Growing Demand from the Food Service Industry

The expanding use of peanut oil in the food service sector is one of the key drivers of market growth. Restaurants and food processing businesses prefer peanut oil due to its neutral flavor and high smoke point, which allows it to withstand high cooking temperatures.

Peanut oil is particularly popular for deep frying and grilling, as it does not absorb food flavors and helps maintain the natural taste of dishes. Moreover, the oil is relatively low in saturated fats and rich in unsaturated fats, making it an attractive option for health-conscious consumers.

It is also widely used in salad dressings, marinades, sauces, and stir-fry dishes, further boosting demand across the food industry.

Market Restraints

Risk of Aflatoxin Contamination

One of the major challenges faced by the peanut oil industry is aflatoxin contamination. Peanuts are vulnerable to contamination by toxins produced by fungi such as Aspergillus flavus and Aspergillus parasiticus. Improper storage or cultivation conditions may lead to contamination, which can carry over into the final oil product.

Another significant restraint is intense competition from other edible oils, such as sunflower oil and palm oil, which are often more affordable and widely available.

Market Opportunities

Expanding Use in the Cosmetics Industry

The growing use of peanut oil in cosmetics and personal care products is creating new growth opportunities. Peanut oil is commonly used in massage oils, creams, lotions, lip balms, and skincare products due to its moisturizing and nourishing properties.

The oil helps hydrate the skin, reduce moisture loss, and act as a natural emollient. Its compatibility with sensitive skin further increases its appeal in the beauty and personal care sector.

Market Segmentation Analysis

By Type

Based on type, the market is segmented into refined oil, unrefined oil, and others.

The refined oil segment dominated the market in 2025 due to its longer shelf life, elimination of impurities, and suitability for high-temperature cooking. Refined peanut oil is widely used in commercial food preparation.

On the other hand, unrefined peanut oil is expected to grow at a faster rate as consumers increasingly prefer minimally processed and natural food products.

By Nature

Based on nature, the market is categorized into conventional and organic.

The conventional segment holds the largest share due to its wide availability and lower cost. However, the organic segment is projected to grow steadily as consumers increasingly prefer chemical-free and naturally sourced oils.

By Application

Based on application, the market is segmented into household, food service, and food processing.

The household segment dominates the market, driven by the rising trend of home cooking and growing consumer awareness about healthy oils. Meanwhile, the food service sector is expected to grow rapidly due to the increasing number of restaurants and quick-service outlets worldwide.

Regional Insights

Asia Pacific

Asia Pacific is the leading region in the global peanut oil market, accounting for USD 8.01 million in 2025. The region's dominance is attributed to high peanut production and the strong cultural presence of groundnut oil in Asian cuisines.

China remains the largest consumer, driven by traditional cooking practices and strong domestic production. India is also a major producer and consumer, with peanut oil widely used in household cooking and food processing.

Other Regions

The Middle East & Africa region holds the second-largest share due to rising household consumption and growing availability of private-label brands.

North America represents a significant market due to its strong food processing sector and increasing preference for healthier cooking oils.

Europe is witnessing steady growth due to the rising popularity of vegan diets and increasing use of peanut oil in the cosmetics industry.

South America remains an emerging market but is expected to grow steadily due to urbanization and the expansion of the food service sector.

Competitive Landscape

Leading companies in the global peanut oil market are focusing on product innovation, partnerships, and new product launches to strengthen their market position. Major players include:

• Archer-Daniels-Midland Company
• Cargill, Incorporated
• The Hain Celestial Group, Inc.
• COFCO
• Wilmar International Ltd
• Patanjali Ayurved Limited
• Tata Consumer Products
• Ventura Foods
• AAK
• La Tourangelle

Conclusion

The global peanut oil market is expected to experience steady growth in the coming years due to increasing consumer demand for healthy cooking oils and expanding applications across the food, pharmaceutical, and cosmetic industries. The market is projected to grow from USD 9.09 million in 2026 to USD 14.16 million by 2034, reflecting stable growth opportunities. Asia Pacific will continue to dominate the market due to high peanut production and strong culinary traditions involving groundnut oil. Increasing health awareness, product innovation, and rising demand from food service and personal care sectors are expected to further drive the global peanut oil market during the forecast period.

Segmentation By Type

• Refined Oil
• Unrefined Oil
• Others

By Nature

• Conventional
• Organic

By Application

• Food Service
• Food Processing
• Household

By Region

• North America (By Type, Nature, Application, and Country)
  • U.S. (By Nature)
  • Canada (By Nature)
  • Mexico (By Nature)
• Europe (By Type, Nature, Application, and Country)
  • Germany (By Nature)
  • France (By Nature)
  • Spain (By Nature)
  • U.K. (By Nature)
  • Rest of Europe (By Nature)
• Asia Pacific (By Type, Nature, Application, and Country)
  • China (By Nature)
  • India (By Nature)
  • Japan (By Nature)
  • Australia (By Nature)
  • Rest of Asia Pacific (By Nature)
• South America (By Type, Nature, Application, and Country)
  • Brazil (By Nature)
  • Argentina (By Nature)
  • Rest of South America (By Nature)
• Middle East & Africa (By Type, Nature, Application, and Country)
  • South Africa (By Nature)
  • UAE (By Nature)
  • Rest of Middle East & Africa (By Nature)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Market Overview of Related/Parent Market
• 4.2. Supply Chain Landscape
• 4.3. Regulatory Analysis
• 4.4. Industry SWOT Analysis
• 4.5. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches

5. Global Peanut Oil Market Analysis, Insights and Forecast, 2021-2034

• 5.1. Key Findings / Summary
• 5.2. Market Size Estimates and Forecast
  • 5.2.1. By Type (Value)
    • 5.2.1.1. Refined Oil
    • 5.2.1.2. Unrefined Oil
    • 5.2.1.3. Others
  • 5.2.2. By Nature (Value)
    • 5.2.2.1. Conventional
    • 5.2.2.2. Organic
  • 5.2.3. By Application (Value)
    • 5.2.3.1. Food Service
    • 5.2.3.2. Food Processing
    • 5.2.3.3. Household
  • 5.2.4. By Region (Value)
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa

6. North America Peanut Oil Market Analysis, Insights and Forecast, 2021-2034

• 6.1. Key Findings / Summary
• 6.2. Market Size Estimates and Forecast
  • 6.2.1. By Type (Value)
    • 6.2.1.1. Refined Oil
    • 6.2.1.2. Unrefined Oil
    • 6.2.1.3. Others
  • 6.2.2. By Nature (Value)
    • 6.2.2.1. Conventional
    • 6.2.2.2. Organic
  • 6.2.3. By Application (Value)
    • 6.2.3.1. Food Service
    • 6.2.3.2. Food Processing
    • 6.2.3.3. Household
  • 6.2.4. By Country (Value)
    • 6.2.4.1. U.S.
      • 6.2.4.1.1. By Nature (Value)
        • 6.2.4.1.1.1. Conventional
        • 6.2.4.1.1.2. Organic
    • 6.2.4.2. Canada
      • 6.2.4.2.1. By Nature (Value)
        • 6.2.4.2.1.1. Conventional
        • 6.2.4.2.1.2. Organic
    • 6.2.4.3. Mexico
      • 6.2.4.3.1. By Nature (Value)
        • 6.2.4.3.1.1. Conventional
        • 6.2.4.3.1.2. Organic

7. Europe Peanut Oil Market Analysis, Insights and Forecast, 2021-2034

• 7.1. Key Findings / Summary
• 7.2. Market Size Estimates and Forecast
  • 7.2.1. By Type (Value)
    • 7.2.1.1. Refined Oil
    • 7.2.1.2. Unrefined Oil
    • 7.2.1.3. Others
  • 7.2.2. By Nature (Value)
    • 7.2.2.1. Conventional
    • 7.2.2.2. Organic
  • 7.2.3. By Application (Value)
    • 7.2.3.1. Food Service
    • 7.2.3.2. Food Processing
    • 7.2.3.3. Household
  • 7.2.4. By Country (Value)
    • 7.2.4.1. Germany
      • 7.2.4.1.1. By Nature (Value)
        • 7.2.4.1.1.1. Conventional
        • 7.2.4.1.1.2. Organic
    • 7.2.4.2. France
      • 7.2.4.2.1. By Nature (By Value)
        • 7.2.4.2.1.1. Conventional
        • 7.2.4.2.1.2. Organic
    • 7.2.4.3. Spain
      • 7.2.4.3.1. By Nature (By Value)
        • 7.2.4.3.1.1. Conventional
        • 7.2.4.3.1.2. Organic
    • 7.2.4.4. U.K.
      • 7.2.4.4.1. By Nature (By Value)
        • 7.2.4.4.1.1. Conventional
        • 7.2.4.4.1.2. Organic
    • 7.2.4.5. Rest of Europe
      • 7.2.4.5.1. By Nature (By Value)
        • 7.2.4.5.1.1. Conventional
        • 7.2.4.5.1.2. Organic

8. Asia Pacific Peanut Oil Market Analysis, Insights and Forecast, 2021-2034

• 8.1. Key Findings / Summary
• 8.2. Market Size Estimates and Forecast
  • 8.2.1. By Type (Value)
    • 8.2.1.1. Refined Oil
    • 8.2.1.2. Unrefined Oil
    • 8.2.1.3. Others
  • 8.2.2. By Nature (Value)
    • 8.2.2.1. Conventional
    • 8.2.2.2. Organic
  • 8.2.3. By Application (Value)
    • 8.2.3.1. Food Service
    • 8.2.3.2. Food Processing
    • 8.2.3.3. Household
  • 8.2.4. By Country (Value)
    • 8.2.4.1. China
      • 8.2.4.1.1. By Nature (By Value)
        • 8.2.4.1.1.1. Conventional
        • 8.2.4.1.1.2. Organic
    • 8.2.4.2. India
      • 8.2.4.2.1. By Nature (By Value)
        • 8.2.4.2.1.1. Conventional
        • 8.2.4.2.1.2. Organic
    • 8.2.4.3. Japan
      • 8.2.4.3.1. By Nature
        • 8.2.4.3.1.1. Conventional
        • 8.2.4.3.1.2. Organic
    • 8.2.4.4. Australia
      • 8.2.4.4.1. By Nature (By Value)
        • 8.2.4.4.1.1. Conventional
        • 8.2.4.4.1.2. Organic
    • 8.2.4.5. Rest of Asia Pacific
      • 8.2.4.5.1. By Nature (By Value)
        • 8.2.4.5.1.1. Conventional
        • 8.2.4.5.1.2. Organic

9. South America Peanut Oil Market Analysis, Insights and Forecast, 2021-2034

• 9.1. Key Findings / Summary
• 9.2. Market Size Estimates and Forecast
  • 9.2.1. By Type (Value)
    • 9.2.1.1. Refined Oil
    • 9.2.1.2. Unrefined Oil
    • 9.2.1.3. Others
  • 9.2.2. By Nature (Value)
    • 9.2.2.1. Conventional
    • 9.2.2.2. Organic
  • 9.2.3. By Application (Value)
    • 9.2.3.1. Food Service
    • 9.2.3.2. Food Processing
    • 9.2.3.3. Household
  • 9.2.4. By Country (Value)
    • 9.2.4.1. Brazil
      • 9.2.4.1.1. By Nature (By Value)
        • 9.2.4.1.1.1. Conventional
        • 9.2.4.1.1.2. Organic
    • 9.2.4.2. Argentina
      • 9.2.4.2.1. By Nature (By Value)
        • 9.2.4.2.1.1. Conventional
        • 9.2.4.2.1.2. Organic
    • 9.2.4.3. Rest of South America
      • 9.2.4.3.1. By Nature (By Value)
        • 9.2.4.3.1.1. Conventional
        • 9.2.4.3.1.2. Organic

10. Middle East and Africa Peanut Oil Market Analysis, Insights and Forecast, 2021-2034

• 10.1. Key Findings / Summary
• 10.2. Market Size Estimates and Forecast
  • 10.2.1. By Type (Value)
    • 10.2.1.1. Refined Oil
    • 10.2.1.2. Unrefined Oil
    • 10.2.1.3. Others
  • 10.2.2. By Nature (Value)
    • 10.2.2.1. Conventional
    • 10.2.2.2. Organic
  • 10.2.3. By Application (Value)
    • 10.2.3.1. Food Service
    • 10.2.3.2. Food Processing
    • 10.2.3.3. Household
  • 10.2.4. By Country (Value)
    • 10.2.4.1. South Africa
      • 10.2.4.1.1. By Nature (By Value)
        • 10.2.4.1.1.1. Conventional
        • 10.2.4.1.1.2. Organic
    • 10.2.4.2. UAE
      • 10.2.4.2.1. By Nature (By Value)
        • 10.2.4.2.1.1. Conventional
        • 10.2.4.2.1.2. Organic
        • 10.2.4.2.1.3.
    • 10.2.4.3. Rest of the MEA
      • 10.2.4.3.1. By Nature (By Value)
        • 10.2.4.3.1.1. Conventional
        • 10.2.4.3.1.2. Organic

11. Competitive Matrix

• 11.1. Business Strategies Adopted by Leading Players
• 11.2. Global Peanut Oil Market Revenue Ranking Analysis, By Key Manufacturer, 2025

12. Company Profiles

• 12.1. ARCHER-DANIELS-MIDLAND COMPANY
  • 12.1.1. Overview
  • 12.1.2. Description
  • 12.1.3. Financials (Data as available in public domain and/or on paid databases)
  • 12.1.4. Recent Developments

13. Similar information has been provided for all the below companies

14. Cargill, Incorporated

• 14.1. The Hain Celestial Group, Inc.
• 14.2. COFCO
• 14.3. Wilmar International Ltd
• 14.4. Patanjali Ayurved Limited
• 14.5. Tata Consumer Products
• 14.6. Ventura Foods
• 14.7. AAK
• 14.8. La Tourangelle

15. Strategic Recommendations