The global demand for Groundnut Oil Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Tons in 2021 and foreseen to touch XX Tons by 2028 with a CAGR of XX% during 2021-2027.
Groundnut oil is an edible oil derived from the peanuts. It is also known as peanut oil. Groundnut oil is used either as a base or as flavor-enhancing cooking oil. Even though the plant flowers above the ground, however, the peanuts develop underground. That is why it is called groundnut oil. In contrast to other cooking oils, peanut oil possesses a high smoke point, which makes it ideal for frying. Along with other vegetable oils, peanut oil is used for making soaps via saponification. Peanut oil can exhibit a wide range of flavors ranging from mild and sweet to nutty and strong, based on the processing method. The fatty acid breakdown of peanut oil is 30 % PUFA, 50% MUFA and 20% saturated fat.
The peanut oil exhibits no unique functionality in comparison with other vegetable oils, the global demand for the oil is predicted to remain stagnant. The groundnut market is highly packed with a great degree of competition among key players. Furthermore, high product price and the emergence of soybean oil adds to the factors influencing the decline of the global peanut oil market. Logistic issues as a result of nation-wide lockdown and travel restrictions owing to the COVID-19 global crisis is anticipated to impact the supply of raw and processed material. On the other hand, nutty flavor and a relatively healthier option are the key properties anticipated to accelerate the demand for groundnut oil.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of groundnut oil.
The entire groundnut oil market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Personal Care Products
This section covers regional segmentation which accentuates on current and future demand for groundnut oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Groundnut Oil Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the groundnut oil market include ADM, Bunge, Cargill, Wilmar International, Corbion, Shandong Luhua, Cofco, Amanah Oil, Ventura Foods, Yihai Kerry, Longda. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.