Peanut Oil Market by Distribution Channel and Geography - Forecast and Analysis 2020-2024

The peanut oil market size has the potential to grow by USD 1.90 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Adani Enterprises Ltd., Archer Daniels Midland Co., Cargill Inc., COFCO Corp., Lorenzati Ruetsch y Cia SA, Louis Dreyfus Co. BV, Olam International Ltd., The Hain Celestial Group Inc., The J.M. Smucker Co., and Wilmar International Ltd.

Market Overview

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Market Competitive Analysis

The market is fragmented by the presence of several international and domestic players. Adani Enterprises Ltd., Archer Daniels Midland Co., and Cargill Inc. are some of the major market participants. Established players have a competitive edge as they benefit from large-scale operations, brand equity, and other factors. The capital-intensive nature of the market renders it difficult for new players to thrive in the market. 

Market drivers such as the use of peanut oil in cosmetics will offer immense growth opportunities. However, factors such as the threat from alternatives will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this peanut oil market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this peanut oil market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Adani Enterprises Ltd.
• Archer Daniels Midland Co.
• Cargill Inc.
• COFCO Corp.
• Lorenzati Ruetsch y Cia SA
• Louis Dreyfus Co. BV
• Olam International Ltd.
• The Hain Celestial Group Inc.
• The J.M. Smucker Co.
• Wilmar International Ltd.

Peanut Oil Market: Segmentation by Geography

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Europe will offer several growth opportunities to market vendors during the forecast period. Factors such as the shift to healthier alternatives to animal fat will significantly drive peanut oil market growth in this region over the forecast period.

33% of the market's growth will originate from Europe during the forecast period. The UK and Germany are the key markets for peanut oil in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Peanut Oil Market: Segmentation by Distribution Channel

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The offline segment includes specialty stores, department stores, hypermarkets and supermarkets, and general stores, which sell peanut oil and are the primary distribution channels. Specialty stores that offer premium edible oils and other gourmet ingredients are steadily becoming prominent, especially in developed countries such as the US and the UK. Globalization has spurred investments in traditional commerce and increased the number of offline retail outlets. Vendors operating in the global peanut oil market offer products through several leading offline retail supermarkets such as SPAR international, Walmart, Target Corp., and Aldi. 

Therefore, the peanut oil market share growth by the offline segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the peanut oil market size.

Peanut Oil Market: Key Drivers and Trends

The increasing use of peanut oil in cosmetics is one of the primary drivers for the peanut oil market growth. The abrasive, volumizing, and cleansing properties of hot-pressed peanut oil and its derivatives are boosting its application in BPC products and cosmetics such as moisturizers and skin cleansers. The hot press processing of peanut oil removes major allergens in peanuts and makes it ideal for use in BPC products. The rising awareness about the health benefits of natural and organic cosmetics will further propel the use of peanut oil in cosmetics.

The growing popularity of blended peanut oil is one of the critical peanut oil market trends. The use of inexpensive alternatives such as soybean oil in blended peanut oil makes it more affordable than conventional oil. Blended peanut oil tastes similar to conventional peanut oil and offers a healthy mix of polyunsaturated and saturated fats. Moreover, blended peanut oil is free from allergens and aflatoxins and highly resistant to chemical corrosion caused by variations in frying temperature. These advantages will boost the popularity of blended peanut oil and consequently fuel the growth of the peanut oil market at a CAGR of over 3% during the forecast period.

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Peanut Oil Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive peanut oil market growth during the next five years
• Precise estimation of the peanut oil market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the peanut oil industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of peanut oil market vendors

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