Market Overview:
The global groundnut oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy edible oils, increasing awareness about the benefits of groundnut oil, and growing population. In terms of type, the refined groundnut oil segment is expected to grow at a higher CAGR than the unrefined segment during the forecast period. This can be attributed to its high quality and purity as compared to unrefined groundnut oil.
Product Definition:
Groundnut oil is a vegetable oil extracted from groundnuts (peanuts). It is commonly used in cooking, especially in the form of peanut oil. Peanut oil is also used as a carrier for medicinal herbs.
Refined:
Refined groundnut oil is a colorless and tasteless liquid, which is used as a cooking medium in various countries. It has high smoke point compared to other vegetable oils and this property allows it to be used for deep-frying foods such as fast food and fried snacks. Refined groundnut oil also finds application in the cosmetics industry owing to its non-toxic nature.
Unrefined:
Unrefined is the first grade of vegetable oil extracted from groundnut (unsaturated fat) and it has a high smoke point compared to other grades. It contains monounsaturated and polyunsaturated fats in equal parts. The ratio of these two types of fats can be changed by changing the time/temperature at which they are processed. Unrefined oil consists of approximately 80% saturated fatty acids, 15% monounsaturated, and 5% polyunsaturated.
Application Insights:
The global market is segmented by application into personal care products, food, pharmaceuticals and other applications. Personal care product was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The increasing demand for skin-care products among consumers across the globe is projected to have a positive impact on industry growth over the coming years.
Food emerged as another prominent application segment owing to high consumption of groundnut oil in preparation of foods such as cookies, chips dip sauces and others. Moreover, growing awareness regarding healthy eating habits among consumers across various regions will fuel demand for healthier alternatives which will further propel industry expansion over the coming years.
Regional Analysis:
Europe was the largest market, accounting for a share of more than 30.0% in 2017 owing to high demand from personal care products and biodiesel production. The region is expected to witness moderate growth over the forecast period on account of rising demand for nutraceuticals and food products.
The presence of major Groundnut Producers Association (GPA) members such as Aracruz Oil Corporation; Sinopec Group; Saudi Basic Industries Corporation (SABIC); Indian Oil Corp.; Maphria Group; Petronet LNG Ltd.
Growth Factors:
- Increasing demand for healthy edible oils: There is a growing demand for healthier edible oils, such as groundnut oil, due to the increasing awareness of the health benefits of consuming these oils.
- Rising population and income levels in developing countries: The population in developing countries is rising rapidly, and with it, the demand for food items including groundnut oil. Additionally, rising income levels are enabling more people to afford premium quality groundnut oil products.
- Growing popularity of veganism and vegetarianism: There is a growing trend of veganism and vegetarianism around the world, which is resulting in an increase in demand for plant-based cooking oils such as groundnut oil.
- Technological advancements in production processes: The technological advancements being made in production processes are helping to improve the quality and purity of groundnut oil products while reducing their manufacturing costs. This is making them more affordable and attractive to consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Groundnut Oil Market Research Report
By Type
Refined, Unrefined
By Application
Personal Care Products, Food, Pharmaceutical, Others
By Companies
ADM, Bunge, Cargill, Wilmar International, Corbion, Shandong Luhua, Cofco, Amanah Oil, Ventura Foods, Yihai Kerry, Longda, Qingdao Changsheng, Shangdong Jinsheng, Shandong Bohi Industry, Xiamen Zhongsheng, Hunan Jinlong, Sanhe hopefull, Dalian Huanong, Shandong Sanwei, Qingdao Tianxiang, Guangdong Yingmai, Henan Sunshine Group Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Groundnut Oil Market Report Segments:
The global Groundnut Oil market is segmented on the basis of:
Types
Refined, Unrefined
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Care Products, Food, Pharmaceutical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADM
- Bunge
- Cargill
- Wilmar International
- Corbion
- Shandong Luhua
- Cofco
- Amanah Oil
- Ventura Foods
- Yihai Kerry
- Longda
- Qingdao Changsheng
- Shangdong Jinsheng
- Shandong Bohi Industry
- Xiamen Zhongsheng
- Hunan Jinlong
- Sanhe hopefull
- Dalian Huanong
- Shandong Sanwei
- Qingdao Tianxiang
- Guangdong Yingmai
- Henan Sunshine Group Corporation
Highlights of The Groundnut Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refined
- Unrefined
- By Application:
- Personal Care Products
- Food
- Pharmaceutical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Groundnut Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Groundnut oil is a type of vegetable oil that is extracted from the kernel of the groundnut. It has a high smoke point, making it ideal for use in cooking and as a natural moisturizer.
Some of the major players in the groundnut oil market are ADM, Bunge, Cargill, Wilmar International, Corbion, Shandong Luhua, Cofco, Amanah Oil, Ventura Foods, Yihai Kerry, Longda, Qingdao Changsheng, Shangdong Jinsheng, Shandong Bohi Industry, Xiamen Zhongsheng, Hunan Jinlong, Sanhe hopefull, Dalian Huanong, Shandong Sanwei, Qingdao Tianxiang, Guangdong Yingmai, Henan Sunshine Group Corporation.
The groundnut oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Groundnut Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Groundnut Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Groundnut Oil Market - Supply Chain
4.5. Global Groundnut Oil Market Forecast
4.5.1. Groundnut Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Groundnut Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Groundnut Oil Market Absolute $ Opportunity
5. Global Groundnut Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Groundnut Oil Market Size and Volume Forecast by Type
5.3.1. Refined
5.3.2. Unrefined
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Groundnut Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Groundnut Oil Market Size and Volume Forecast by Application
6.3.1. Personal Care Products
6.3.2. Food
6.3.3. Pharmaceutical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Groundnut Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Groundnut Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Groundnut Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Groundnut Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Groundnut Oil Demand Share Forecast, 2019-2026
9. North America Groundnut Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Groundnut Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Groundnut Oil Market Size and Volume Forecast by Application
9.4.1. Personal Care Products
9.4.2. Food
9.4.3. Pharmaceutical
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Groundnut Oil Market Size and Volume Forecast by Type
9.7.1. Refined
9.7.2. Unrefined
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Groundnut Oil Demand Share Forecast, 2019-2026
10. Latin America Groundnut Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Groundnut Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Groundnut Oil Market Size and Volume Forecast by Application
10.4.1. Personal Care Products
10.4.2. Food
10.4.3. Pharmaceutical
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Groundnut Oil Market Size and Volume Forecast by Type
10.7.1. Refined
10.7.2. Unrefined
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Groundnut Oil Demand Share Forecast, 2019-2026
11. Europe Groundnut Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Groundnut Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Groundnut Oil Market Size and Volume Forecast by Application
11.4.1. Personal Care Products
11.4.2. Food
11.4.3. Pharmaceutical
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Groundnut Oil Market Size and Volume Forecast by Type
11.7.1. Refined
11.7.2. Unrefined
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.1.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Groundnut Oil Demand Share, 2019-2026
12. Asia Pacific Groundnut Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Groundnut Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Groundnut Oil Market Size and Volume Forecast by Application
12.4.1. Personal Care Products
12.4.2. Food
12.4.3. Pharmaceutical
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Groundnut Oil Market Size and Volume Forecast by Type
12.7.1. Refined
12.7.2. Unrefined
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Groundnut Oil Demand Share, 2019-2026
13. Middle East & Africa Groundnut Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Groundnut Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Groundnut Oil Market Size and Volume Forecast by Application
13.4.1. Personal Care Products
13.4.2. Food
13.4.3. Pharmaceutical
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Groundnut Oil Market Size and Volume Forecast by Type
13.7.1. Refined
13.7.2. Unrefined
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Groundnut Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Groundnut Oil Market: Market Share Analysis
14.2. Groundnut Oil Distributors and Customers
14.3. Groundnut Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bunge
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cargill
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wilmar International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Corbion
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shandong Luhua
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cofco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Amanah Oil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ventura Foods
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yihai Kerry
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Longda
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Qingdao Changsheng
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shangdong Jinsheng
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shandong Bohi Industry
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Xiamen Zhongsheng
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hunan Jinlong
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sanhe hopefull
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Dalian Huanong
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shandong Sanwei
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Qingdao Tianxiang
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
