Groundnut Oil Market
The market for Groundnut Oil was estimated at $13.3 billion in 2024; it is anticipated to increase to $17.7 billion by 2030, with projections indicating growth to around $22.5 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Groundnut Oil Market Outlook
Revenue, 2024
$13.3B
Forecast, 2034
$21.4B
CAGR, 2025 - 2034
4.9%
The Groundnut Oil industry revenue is expected to be around $13.9 billion in 2025 and expected to showcase growth with 4.9% CAGR between 2025 and 2034. The increasing popularity of Groundnut Oil in the industry is largely driven by a growing number of health individuals who appreciate its high monounsaturated fat content and the health advantages it offers them. As a result Groundnut Oil has become a component in various culinary enhancements, wellness practices and even beauty treatments around the world. Likewise the worldwide trend towards organic food items adds to its importance because Groundnut Oil is frequently seen as a healthier more environmentally friendly option, to traditional cooking oils. The sector is experiencing expansion due to these key factors and a shift in consumer taste, towards healthier food choices.
Groundnut Oil is frequently referred to as Peanut Oil. Possesses a distinctive range of qualities that contribute to its versatile characteristics. With its abundance of good fats and scarcity of saturated bad fats Groundnut Oil has emerged as a preferred option for wholesome cooking techniques. Of note is its elevated smoke point and neutral flavor which render it appealing for the preparation of various dishes, through frying and sauté ing.
Market Key Insights
- The Groundnut Oil market is projected to grow from $13.3 billion in 2024 to $21.4 billion in 2034. This represents a CAGR of 4.9%, reflecting rising demand across Gastronomy & Culinary Practices, Therapeutic Use and Cosmetics & Personal Care.
- Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Ltd are among the leading players in this market, shaping its competitive landscape.
- India and China are the top markets within the Groundnut Oil market and are expected to observe the growth CAGR of 3.4% to 4.5% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 5.4% to 6.9%.
- Transition like Embracing Health and Nutrition has greater influence in India and China market's value chain; and is expected to add $377 million of additional value to Groundnut Oil industry revenue by 2030.
- The Groundnut Oil market is set to add $8.1 billion between 2024 and 2034, with manufacturer targeting Cosmetic & Pharmaceutical Application projected to gain a larger market share.
- With Health conscious trend, and Culinary use expansion, Groundnut Oil market to expand 61% between 2024 and 2034.
Opportunities in the Groundnut Oil
The changing demands in the food industry lead to a growing market for flavor enhancing cooking products, like Groundnut Oil that can also cater to the increased demand by partnering with popular food service and restaurant chains to leverage their strong market presence.
Growth Opportunities in North America and Asia Pacific
Peanut Oil is becoming increasingly popular for its health benefits in this region and is Groundnut Oil in some places. The United States is showing an interest in it due to the increased focus on health among its people and the widespread use of food products containing Peanut Oil as a key ingredient. In addition to its cooking characteristics like a high smoke point make it an excellent option, for frying and sautéing dishes. Moreover major industry leaders such as ADM Bunge Limited and Cargill have established their presence in this region . This creates a competitive environment within the region . However the rise of oils like olive and canola presents a challenge to market growth here . Nevertheless the growing number of immigrants who traditionally use Groundnut Oil in their cooking could potentially boost this market in the future .
This region plays a role in the worldwide Groundnut Oil market scenario with China and India leading the way due to their large scale groundnut cultivation and widespread use in regional dishes, for their large populations. The rivalry is intense. Mostly takes place within national borders as many local businesses compete for a slice of the market share.
Market Dynamics and Supply Chain
01
Driver: Health Conscious Trend, and Technological Advancements in Oil Production
Peanut oil or groundnut oil offers a range of health advantages such as regulating blood sugar levels and promoting heart health due to its fatty acids content. The increasing worldwide focus, on health awareness is also consequently boosting the popularity of peanut oil. Food companies are also now using oil to improve the nutritional value of their products as a tactic to cater to this expanding market. Technological advancements in extraction and processing methods have also paved the way for cost-effective production of Groundnut oil, making it more accessible for consumers and profitable for producers. Innovations like cold pressing are also preserving oil quality, enhancing its appeal among consumers, and boosting the Groundnut oil market.
The diverse culinary uses of oil are also boosting its market growth significantly worldwide due to its exceptional taste and versatility in various cuisines as well as its high smoke point capability that makes it a top choice in cooking applications such as baking and snacks manufacturing industries which is also projected to further increase the demand, for it.
02
Restraint: Susceptibility to Adulteration
Groundnut Oil holds a status as a high quality product in various areas; however it encounters a significant challenge due to adulteration issues affecting its market expansion prospects. Some dishonest individuals within the market tend to blend expensive oils into groundnut oil which not only jeopardizes the well being of consumers but also results in diminished trust towards reputable brands. This situation influences consumer demand patterns as cautious buyers might explore options out of concern, for potential health hazards.
03
Opportunity: Diversification in the Cosmetic Industry and Technological Innovations in Processing
In the industry in recent times the trend towards natural and organic products has been on the rise significantly. Groundnut oil has become a choice due to its skin friendly properties such, as vitamin E content and anti aging benefits. With more consumers opting for eco sustainable beauty options nowadays incorporating groundnut oil into skincare and haircare products can be a profitable move.
Innovations in the way Groundnut Oil is processed create an opportunity in the market. Cutting edge technologies that minimize loss during extraction and refining result in a top notch product quality that preserves essential health benefits appealing to health conscious buyers. The introduction of this technology has the potential to significantly increase the popularity of nut based oils such, as Groundnut Oil.
04
Challenge: Price Volatility
Groundnut Oil being an agricultural product; its price is significantly influenced by the supply and demand dynamics of groundnuts, affected often by climate change and yield fluctuations. As a result, price instability can often make the product unaffordable for certain consumers, thus impeding the marketing growth of Groundnut Oil.
Supply Chain Landscape
1
Cultivation & Groundnut Harvesting
Olives Industries LtdAgri Commodities International
2
Oil Extraction & Refining
Vimal Oil & Foods LtdAdani Wilmar Ltd
3
Packaging & Distribution
AKR IndustriesGanesh Grains Ltd
4
End Users & Consumption
Fast FoodPharmaceuticalPersonal Care
1
Cultivation & Groundnut Harvesting
Olives Industries LtdAgri Commodities International
2
Oil Extraction & Refining
Vimal Oil & Foods LtdAdani Wilmar Ltd
3
Packaging & Distribution
AKR IndustriesGanesh Grains Ltd
4
End Users & Consumption
Fast FoodPharmaceuticalPersonal Care
Use Cases of Groundnut Oil in Gastronomy & Culinary Practices & Therapeutic Use
Gastronomy & Culinary Practices : Groundnut oil, peanut oil, is primarily used in cooking due to its slightly nutty flavor that enriches the taste of many dishes. High in monounsaturated fats, this oil has become an essential ingredient in many kitchens especially, for deep-frying and stir-frying foods. A culinary favorite around the globe, groundnut oil is strongly associated with Asian cuisine and Southern American cooking. Pioneers in the food industry, like Namchow and Adani Wilmar, dominate this sector, benefiting from the flavor profile and stability of groundnut oil.
Cosmetics & Personal Care : Often, cold-pressed groundnut oil is incorporated into the skincare industry, finding its place in various cosmetic products, lotions, and creams. Rich in vitamin E and resveratrol, this oil is known for its anti-aging properties and ability to promote a healthy skin glow. Personal care industry leaders such as LOral and Procter & Gamble often leverage the natural benefits of groundnut oil in their offerings.
Therapeutic Use : Medical-grade groundnut oil, rich in beneficial nutrients, is commonly employed in therapeutic fields. Its known for its natural anti-inflammatory properties and used in massages, osteopathy, and physiotherapy applications, providing both comfort and healing benefits.
Recent Developments
In the ever-evolving world of edible oils, Groundnut Oil experienced significant advancements, both in its production methods and market reach. This humble yet all-essential commodity has seen a resurgence in popularity due to its recognized health benefits and multifaceted utility in culinary applications.
December 2024 : Shelf Life Enhancement by NutraLife Pvt Ltd. - NutraLife Pvt Ltd introduced a notable development in the preservation of Groundnut Oil. Their R&D team has formulated a strategy to extend the shelf life of the oil, thus ensuring a longer duration of freshness and broadening the export potential
November 2024 : Biofuel Initiative by Green Energy Corp. - Green Energy Corp, a leader in renewable energy, innovated their extraction process, proposing Groundnut Oil as a potential resource for biofuel production, thereby linking the groundnut oil industry to the eco-friendly energy market.
October 2024 : Health-conscious Line by HealthyLiving Co. - HealthyLiving Co.
Impact of Industry Transitions on the Groundnut Oil Market
As a core segment of the Packaged & Processed F&B industry,
the Groundnut Oil market develops in line with broader industry shifts.
Over recent years, transitions such as Embracing Health and Nutrition and Innovation and Sustainability have redefined priorities
across the Packaged & Processed F&B sector,
influencing how the Groundnut Oil market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Embracing Health and Nutrition
The changing preferences of consumers towards health and wellness have had an effect on the Groundnut Oil sector. This shift has resulted in an use of Groundnut Oil in different dietary plans because of its rich monounsaturated fat composition that promotes heart health. This transformation has given rise to market categories like dietary supplements and fortified food items. Leading to a surge in growth and expansion, in the Groundnut Oil market.
02
Innovation and Sustainability
The advent of advanced technologies and growing awareness of sustainability have caused another crucial industry transition. Manufacturers are now under pressure to innovate and ensure environmentallyfriendly extraction and processing of Groundnut Oil. This techevolution doesnt just bring transformative operational efficiency but also delineates focus on waste reduction, energy efficiency, and a reduced carbon footprint in the Groundnut Oil industry, allowing for better market acceptability and profitability.