Key Insights

The global groundnut oil market, valued at $11.05 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 2.30% from 2025 to 2033. This growth is driven by several key factors. Increasing consumer demand for healthier cooking oils, fueled by rising awareness of the nutritional benefits of groundnut oil, including its high monounsaturated fat content and rich vitamin E profile, is a significant driver. The rising popularity of groundnut oil in various culinary applications, particularly in South Asia and Africa where it's a staple, further contributes to market expansion. Growth within the food segment is expected to remain a key contributor, alongside increasing usage in personal care products. The refined groundnut oil segment holds a larger market share compared to unrefined due to its longer shelf life and better clarity, though demand for unrefined oil, favored for its perceived superior taste and nutritional profile, is also gradually increasing. However, price volatility in groundnut production, influenced by fluctuating agricultural yields and global commodity prices, poses a significant restraint. Competition from other vegetable oils, particularly palm oil and soybean oil, which are often cheaper, also presents a challenge. Furthermore, the market faces potential disruptions from climate change affecting groundnut cultivation.

Geographical distribution reveals that the Asia-Pacific region, particularly China and India, commands a substantial market share owing to high consumption levels. North America and Europe exhibit moderate growth, driven by increasing health consciousness and the adoption of groundnut oil in niche applications. The South American and Middle Eastern/African markets show promising potential, but growth is influenced by local economic conditions and consumer preferences. Key players in the groundnut oil market include established global food processors and agricultural companies such as Wilmar International, Cargill, and Bunge, who leverage their extensive distribution networks and processing capabilities to maintain market leadership. Smaller, regional players are also significant, catering to specific regional preferences and supplying local markets. The forecast period (2025-2033) is expected to witness a continued consolidation trend, with larger companies pursuing mergers and acquisitions to expand their market reach and product portfolios.

Groundnut Oil Industry: A Comprehensive Market Report (2019-2033)

This in-depth report provides a comprehensive analysis of the global groundnut oil industry, covering market size, segmentation, growth drivers, challenges, and key players. The report utilizes data from the historical period (2019-2024), base year (2025), and estimated year (2025) to project market trends through the forecast period (2025-2033). It is an invaluable resource for industry stakeholders, investors, and anyone seeking a detailed understanding of this dynamic market.

Groundnut Oil Industry Market Concentration & Innovation

The global groundnut oil market exhibits a moderately concentrated structure, with a few large multinational corporations holding significant market share. Wilmar International Limited, Cargill Incorporated, Bunge Ltd, and Archer Daniels Midland Company are among the leading players, collectively accounting for an estimated xx% of the global market in 2025. Smaller regional players, such as Luhua Group Co Ltd and Shandong Xingquan Oil Co Ltd, also hold substantial market share within their respective geographical areas. Market concentration is influenced by factors such as economies of scale in processing and distribution, access to raw materials, and established brand recognition.

Innovation in the groundnut oil industry is primarily driven by advancements in oil extraction techniques, refining processes, and the development of value-added products. The demand for refined groundnut oil with enhanced nutritional properties, such as high oleic varieties, is fueling innovation. Moreover, growing interest in sustainable and ethically sourced groundnut oil is pushing companies to adopt environmentally friendly practices. Regulatory frameworks, including food safety standards and labeling requirements, also influence innovation. Product substitutes, such as other vegetable oils (e.g., soybean, sunflower, palm), pose a competitive threat, leading to increased efforts in product differentiation and marketing. Mergers and acquisitions (M&A) activities have played a significant role in shaping market concentration and driving innovation, with recent deals totaling an estimated xx Million in value. End-user trends, particularly towards healthier cooking oils and those with functional benefits, are also influencing product development and marketing strategies.

Groundnut Oil Industry Industry Trends & Insights

The groundnut oil market is projected to experience robust growth during the forecast period (2025-2033), driven by rising global consumption, particularly in developing economies. The compound annual growth rate (CAGR) is estimated to be xx% during this period. This growth is fueled by several key factors. Firstly, increasing awareness of the health benefits of groundnut oil, such as its rich content of monounsaturated fatty acids, is driving consumer demand. Secondly, the rising popularity of groundnut oil in food applications, including cooking, frying, and salad dressings, is bolstering market growth. Thirdly, the growing demand for groundnut oil in personal care products and pharmaceuticals is contributing to market expansion.

Technological disruptions in oil extraction and refining processes are improving efficiency and yield, thereby reducing costs and increasing the availability of groundnut oil. However, fluctuating groundnut prices, owing to factors like climate change and crop yields, pose a significant challenge. Competitive dynamics are characterized by intense competition among large multinational corporations and smaller regional players. Pricing strategies, product differentiation, and brand building play critical roles in securing market share. Market penetration of refined groundnut oil is significantly higher than unrefined groundnut oil, due to consumer preference for its convenience and enhanced sensory qualities.

Dominant Markets & Segments in Groundnut Oil Industry

The Asia-Pacific region is currently the dominant market for groundnut oil, driven by high consumption in countries like India and China. Key drivers in this region include rapid economic growth, rising disposable incomes, and changing dietary habits. Within the product segments, refined groundnut oil commands the largest market share, primarily due to its convenience and superior sensory characteristics compared to unrefined oil. The food application segment dominates overall groundnut oil consumption, representing the largest share of the market.

• Key Drivers in Asia-Pacific:
  • Rapid economic growth and rising disposable incomes.
  • Increasing population and urbanization.
  • Growing preference for healthy cooking oils.
  • Favorable government policies supporting agricultural development.
  • Robust infrastructure supporting efficient distribution networks.

Within the application segments, the food sector holds a dominant position, followed by personal care and pharmaceuticals. However, the other applications segment, including industrial uses, shows potential for future growth. The dominance of specific regions and segments is largely attributed to factors such as consumer preferences, production costs, government regulations, and economic conditions.

Groundnut Oil Industry Product Developments

Recent product innovations in the groundnut oil industry have focused on enhancing the nutritional profile and extending shelf life. High-oleic groundnut oil, characterized by a higher content of monounsaturated fatty acids, has gained popularity due to its health benefits. Advances in refining processes are also leading to groundnut oils with improved flavor profiles and extended shelf stability. These innovations cater to evolving consumer preferences and compete effectively with other vegetable oils. Technological trends towards sustainable and ethical sourcing practices are also influencing product development and marketing.

Report Scope & Segmentation Analysis

This report segments the groundnut oil market by type (refined and unrefined) and application (food, personal care, pharmaceuticals, and other applications). The refined groundnut oil segment is projected to exhibit faster growth than the unrefined segment, driven by consumer preference for convenience and superior sensory characteristics. Within applications, the food segment holds the largest market share, with substantial growth anticipated in developing economies. The personal care and pharmaceutical segments are smaller but exhibit promising growth potential due to the increasing use of groundnut oil in cosmetics and medicinal applications. The "other applications" segment encompasses industrial uses and displays a moderate growth rate. Competitive dynamics within each segment vary, depending on the specific applications and regional markets. Market sizes and growth projections are provided for each segment in the full report.

Key Drivers of Groundnut Oil Industry Growth

Several factors contribute to the growth of the groundnut oil industry. Rising consumer awareness of the health benefits associated with monounsaturated fatty acids present in groundnut oil is a key driver. Increasing demand for healthy cooking oils is fueling market growth, particularly in developing economies experiencing rapid urbanization and changing dietary patterns. Technological advancements in oil extraction and refining are enhancing efficiency and improving product quality. Favorable government policies supporting agricultural development and infrastructure improvements also contribute to the expansion of the groundnut oil market.

Challenges in the Groundnut Oil Industry Sector

The groundnut oil industry faces several challenges. Fluctuations in groundnut prices due to climatic variations and crop yields pose a significant risk to profitability. Competition from other vegetable oils, such as soybean and sunflower oil, puts pressure on prices and market share. Regulatory hurdles related to food safety and labeling requirements can also impact industry operations. Furthermore, supply chain disruptions and logistical challenges can affect the availability and cost of groundnut oil. These factors collectively impact the industry's overall growth and stability.

Emerging Opportunities in Groundnut Oil Industry

Emerging opportunities lie in expanding into new markets, particularly in developing economies with growing populations and rising disposable incomes. Developing value-added products, such as fortified groundnut oil with added vitamins or antioxidants, presents a promising avenue for growth. Investing in sustainable and ethical sourcing practices can enhance brand reputation and appeal to environmentally conscious consumers. Leveraging technological advancements to optimize production processes and reduce costs can also enhance competitiveness.

Leading Players in the Groundnut Oil Industry Market

• Wilmar International Limited
• CHS Inc
• Luhua Group Co Ltd
• Shandong Xingquan Oil Co Ltd
• Cargill Incorporated
• Bunge Ltd
• Archer Daniels Midland Company
• Hain Celestial Group Inc
• Olam International
• Liberty Oil Mills Limited
• Lorenzati Group

*List Not Exhaustive

Key Developments in Groundnut Oil Industry Industry

• 2022 Q4: Wilmar International Limited announced a significant investment in expanding its groundnut processing capacity in India.
• 2023 Q1: Cargill Incorporated launched a new line of high-oleic groundnut oil with enhanced shelf life.
• 2023 Q2: Bunge Ltd. acquired a smaller regional groundnut oil producer in Africa, expanding its market reach.
• 2024 Q3: Several industry players announced commitments to sustainable sourcing of groundnuts.

*Further details on specific developments and their impact are provided in the full report.

Strategic Outlook for Groundnut Oil Industry Market

The groundnut oil industry is poised for continued growth, driven by increasing consumer demand, technological advancements, and expanding market reach. Opportunities for growth lie in focusing on health-conscious consumers through product innovation, emphasizing sustainable sourcing, and targeting emerging markets. The industry's future will be shaped by its ability to adapt to evolving consumer preferences, manage supply chain challenges, and embrace sustainable business practices. The market presents significant potential for growth and profitability for businesses that can effectively navigate these challenges and capitalize on emerging trends.

Groundnut Oil Industry Segmentation

• 1. Type
  • 1.1. Refined
  • 1.2. Unrefined
• 2. Application
  • 2.1. Personal Care
  • 2.2. Food
  • 2.3. Pharmaceuticals
  • 2.4. Other Applications

Groundnut Oil Industry Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
  • 1.4. Rest of North America
• 2. Europe
  • 2.1. Spain
  • 2.2. United Kingdom
  • 2.3. Germany
  • 2.4. France
  • 2.5. Italy
  • 2.6. Russia
  • 2.7. Rest of Europe
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Japan
  • 3.3. India
  • 3.4. Australia
  • 3.5. Rest of Asia Pacific
• 4. South America
  • 4.1. Brazil
  • 4.2. Argentina
  • 4.3. Rest of South America
• 5. Middle East and Africa
  • 5.1. South Africa
  • 5.2. Saudi Arabia
  • 5.3. Rest of Middle East and Africa