Table of Contents
Overview
New York, NY – August 12, 2025 – The Global Groundnut Oil Market is projected to reach USD 17.3 billion by 2034, rising from USD 10.5 billion in 2024 at a CAGR of 5.1% between 2025 and 2034. In North America, the market is valued at USD 4.7 billion, driven largely by consistent household demand.
Groundnut oil, also known as peanut oil, is a vegetable oil extracted from peanut seeds and valued for its mild flavor, high smoke point, and stability in cooking. Available in refined, cold-pressed, and roasted varieties, it offers unique flavor profiles to suit diverse culinary needs. Naturally rich in unsaturated fats, vitamin E, and antioxidants, it is widely regarded as a heart-healthy option. Its versatility makes it popular for frying, baking, and sautéing, particularly in Asian and African cuisines.
The groundnut oil market spans global production, trade, and consumption, serving food, industrial, and personal care sectors. Producers range from small artisanal processors to major industrial manufacturers, offering a variety of packaging formats. The oil’s use in food processing, cosmetics, and pharmaceuticals underscores its broad commercial appeal.
Rising consumer interest in plant-based, heart-healthy oils is a key driver, as more people replace saturated fats with monounsaturated and polyunsaturated alternatives. Its favorable nutritional profile positions groundnut oil strongly in this shift toward healthier cooking fats. Notably, the Santee peanut shelling plant recently secured USD 42 million in funding for an expansion project, reflecting growing industry investment.
Future opportunities extend beyond culinary use, with growing demand in skincare and cosmetic products due to its antioxidant content. Brands focusing on sustainable sourcing and eco-friendly packaging are likely to attract environmentally conscious consumers, further expanding the market’s growth potential.
Key Takeaways
- The Global Groundnut Oil Market is expected to be worth around USD 17.3 billion by 2034, up from USD 10.5 billion in 2024, and is projected to grow at a CAGR of 5.1% from 2025 to 2034.
- Refined dominates the Groundnut Oil Market with 72.3% due to wide usage in everyday cooking.
- Hot Pressed holds 69.9% of the groundnut oil market and is favored for its strong flavor and aroma.
- Food application leads the groundnut oil market with 77.2%, driven by culinary and nutritional demand globally.
- Households account for 66.6% of the groundnut oil market as daily consumption rises in home kitchens.
- Supermarkets/Hypermarkets capture 39.2% in the Groundnut Oil Market, offering easy accessibility and product variety.
- North America’s dominance in groundnut oil reflects 45.7% rising health-focused consumer cooking preferences.
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Report Scope
| Market Value (2024) | USD 10.5 Billion |
| Forecast Revenue (2034) | USD 17.3 Billion |
| CAGR (2025-2034) | 5.1% |
| Segments Covered | By Type (Refined, Unrefined), By Product (Cold Pressed, Hot Pressed), By Application (Food, Personal Care, Pharmaceuticals, Others), By End User (Hotels and restaurants, Households, Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online, Others) |
| Competitive Landscape | Archer Daniels Midland, Cargill, Eurovanille, Gemini Edibles & Fats India Ltd, Hain Celestial Group, Olam International, Ventura Foods, Wilmar International |
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Key Market Segments
By Type Analysis
In 2024, refined groundnut oil held a commanding 72.3% share of the global groundnut oil market by type. Its dominance stems from its widespread use in both household and commercial cooking, thanks to its neutral flavor, extended shelf life, and high smoke point.
Refining removes impurities, odors, and allergens, making it ideal for large-scale food preparation and packaged products. The segment benefits from strong retail and food service distribution, particularly in urban and semi-urban areas, and appeals to bulk buyers such as restaurants and catering services due to its cost efficiency and storage stability in varied climates.
By Product Analysis
Hot-pressed groundnut oil accounted for 69.9% of the market by product in 2024, driven by its higher yield and efficient extraction process. Heat treatment during production boosts oil volume, extends shelf life, and ensures stability under high cooking temperatures, making it a preferred choice for frying and deep-cooking in commercial kitchens.
Its consistent quality and affordability encourage adoption in cost-sensitive markets and by bulk users. This combination of durability, efficiency, and price competitiveness has reinforced hot-pressed oil’s market leadership.
By Application Analysis
The food industry remained the largest application segment in 2024, capturing 77.2% of groundnut oil demand. Its popularity is rooted in its suitability for frying, sautéing, baking, and use in processed foods. In regions where groundnut oil is a staple, both refined and hot-pressed varieties feature prominently in packaged snacks, ready-to-eat meals, and street food. Rising awareness of its health benefits and its easy availability across retail channels support continued growth in this segment.
By End-User Analysis
Households represented 66.6% of global consumption in 2024, reflecting strong cultural and culinary traditions. Groundnut oil’s neutral flavor, high smoke point, and healthy fat profile make it a trusted daily cooking medium. Its appeal is further strengthened by the shift toward plant-based oils. Broad availability in various pack sizes through supermarkets, local stores, and online platforms ensures accessibility across income levels and household sizes.
By Distribution Channel Analysis
Supermarkets and hypermarkets held 39.2% of the distribution channel market share in 2024. Their dominance comes from offering a broad range of groundnut oil products, convenient locations, promotional offers, and in-store product visibility. These outlets cater particularly to urban consumers and working families seeking one-stop grocery solutions, reinforcing their role as a key sales driver for the category.
Regional Analysis
North America emerged as the top regional market in 2024, securing 45.7% of the global share and generating around USD 4.7 billion in revenue. Growth is fueled by strong household demand, driven by health-conscious consumers opting for plant-based oils.
The U.S. and Canada are central to this demand surge, thanks to the oil’s versatility and nutritional profile. While Europe maintains steady demand for premium and cold-pressed oils, the Asia Pacific continues traditional usage in select markets. Middle East & Africa and Latin America show gradual growth, supported by evolving food service industries and changing culinary preferences.
Top Use Cases
Cooking and Frying Applications: Groundnut oil is widely used in households and restaurants for frying, sautéing, and baking due to its mild flavor and high smoke point. It preserves the natural taste of food while providing a crispy texture, making it ideal for preparing snacks, stir-fried dishes, and deep-fried specialties across various cuisines.
Processed Food Manufacturing: Food processing companies use groundnut oil in packaged snacks, ready-to-eat meals, and confectionery products. Its stability during heating and storage ensures consistent quality and extended shelf life, which is essential for mass production. The oil’s nutritional benefits also help brands appeal to health-conscious consumers seeking better fat alternatives.
Cosmetics and Skincare Products: Rich in vitamin E and natural antioxidants, groundnut oil is used in lotions, creams, and massage oils. It helps moisturize the skin, improve texture, and protect against free radical damage. Cosmetic manufacturers value it for its non-greasy feel, skin-conditioning properties, and compatibility with other natural ingredients.
Pharmaceutical Formulations: Pharmaceutical companies incorporate groundnut oil as a carrier oil in certain medicines, ointments, and vitamin supplements. Its natural composition makes it a safe medium for delivering active ingredients, while its stability helps maintain product efficacy. It is also used in the production of some traditional and herbal medicinal products.
Industrial Lubricants and Biofuel: Beyond food and cosmetics, groundnut oil finds use in making biodegradable lubricants and biofuels. Its renewable nature and good lubricating properties make it suitable for environmentally friendly industrial applications. Manufacturers in the bioenergy sector explore it as a sustainable alternative to petroleum-based fuels.
Recent Developments
1. Archer Daniels Midland (ADM)
ADM has expanded its sustainable edible oil portfolio, including groundnut oil, through partnerships with farmers to promote regenerative agriculture. The company focuses on reducing carbon footprints in oil production. ADM’s groundnut oil is marketed as a high-quality, non-GMO option for food manufacturers.
2. Cargill
Cargill has invested in sustainable groundnut oil production in India and Africa, supporting smallholder farmers with better farming techniques. Their “Wiza” brand of groundnut oil emphasizes purity and health benefits. Cargill is also exploring blockchain for traceability.
3. Eurovanille
Eurovanille, a European specialty oils supplier, has introduced organic-certified groundnut oil for gourmet and health-conscious consumers. They emphasize cold-pressed extraction methods to retain nutrients and flavor.
4. Gemini Edibles & Fats India Ltd (GEF India)
GEF India’s “Freedom” brand of groundnut oil has gained popularity for its zero-cholesterol claim. The company has expanded distribution in India and exports to the Middle East, focusing on affordability and quality.
5. The Hain Celestial Group
Hain Celestial’s “Spectrum” brand offers organic, unrefined groundnut oil, targeting health-conscious consumers in the U.S. and Europe. The company highlights its non-GMO and expeller-pressed production methods.
Conclusion
Groundnut oil has evolved from a traditional cooking staple to a versatile product with applications in food, cosmetics, pharmaceuticals, and even industry. Its nutritional profile, stability under heat, and natural antioxidant content make it valuable across multiple sectors. As consumer demand for plant-based, sustainable, and health-oriented products grows, groundnut oil is well-positioned to maintain steady global market growth in the coming years.
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