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 fueled by several key factors. Increasing consumer demand for healthy cooking oils, driven by rising awareness of the health benefits associated with monounsaturated fats and the nutritional profile of groundnut oil, is a primary driver. The versatile nature of groundnut oil, suitable for both cooking and personal care applications (like cosmetics and skincare products), further broadens its market appeal. Growth in the food industry, particularly in emerging economies, is also contributing significantly to the market expansion. However, fluctuating groundnut prices and competition from other vegetable oils like sunflower and soybean oil pose significant challenges to consistent market growth. The refined groundnut oil segment currently dominates the market due to its superior quality and longer shelf life, although the unrefined segment is witnessing a niche resurgence driven by consumers seeking natural and minimally processed products. Geographically, Asia-Pacific, particularly India and China, represents a major market share due to high consumption and substantial production. North America and Europe also contribute significantly, albeit with varying levels of demand depending on consumer preferences and health trends.

The market segmentation reveals a diverse landscape. The refined segment commands a larger market share compared to unrefined oil, driven by factors like improved shelf life and consumer preference for clarity and refined taste. Within applications, the food industry holds the largest share, followed by personal care products, and pharmaceuticals. The "other applications" segment incorporates industrial uses and niche markets, which are anticipated to experience moderate growth. Leading players like Wilmar International Limited, Cargill Incorporated, and Bunge Ltd. are focusing on strategies such as product diversification, capacity expansion, and strategic partnerships to maintain market competitiveness and capitalize on emerging market trends. The increasing adoption of sustainable sourcing practices and fair-trade initiatives is also expected to gain traction, influencing consumer purchasing decisions and shaping industry practices in the coming years.

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

This in-depth report provides a comprehensive analysis of the global groundnut oil industry, offering invaluable insights for stakeholders seeking to navigate this dynamic market. Covering the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033, this report utilizes rigorous data analysis and market intelligence to deliver actionable strategies. The market size is estimated at xx Million in 2025 and is projected to reach xx Million by 2033.

Groundnut Oil Industry Market Structure & Competitive Dynamics

This section analyzes the competitive landscape of the groundnut oil industry, examining market concentration, innovation, regulations, and market dynamics. The global groundnut oil market is moderately concentrated, with key players holding significant market share. Companies like Wilmar International Limited, Cargill Incorporated, and Bunge Ltd. dominate the refined segment, while smaller regional players often control unrefined oil production. Innovation is driven by improvements in extraction techniques, refining processes, and the development of value-added products. Regulatory frameworks vary across regions, influencing production costs and market access. Product substitutes, such as soybean oil and sunflower oil, pose significant competitive pressure, necessitating continuous innovation and strategic marketing.

• Market Concentration: The top five players account for approximately xx% of the global market share in 2025.
• Innovation Ecosystems: Significant investments in R&D focus on optimizing extraction yields, improving refining processes, and enhancing product quality.
• Regulatory Frameworks: Varying regulations regarding food safety and labeling impact market entry and operations.
• Product Substitutes: Competition from other vegetable oils necessitates continuous product differentiation and cost optimization.
• M&A Activities: The industry has witnessed several mergers and acquisitions in recent years, with deal values totaling xx Million in the historical period (2019-2024). This trend is expected to continue, driven by consolidation and expansion strategies.

Groundnut Oil Industry Industry Trends & Insights

The groundnut oil market is experiencing significant growth driven by rising consumer demand, particularly in developing economies. The increasing health awareness, however, is driving demand for refined, healthier options. Technological advancements in extraction and refining are improving efficiency and reducing costs. Changing consumer preferences towards healthier fats and oils present both challenges and opportunities. The industry's CAGR during the forecast period (2025-2033) is estimated at xx%, indicating substantial market expansion. Market penetration in key regions continues to rise, driven by factors like rising disposable incomes and increasing urbanization. Competitive dynamics remain intense, with companies focusing on brand building, product differentiation, and strategic partnerships.

Dominant Markets & Segments in Groundnut Oil Industry

The food application segment dominates the groundnut oil market, followed by the personal care segment. India and China are the leading markets due to large populations and high consumption rates.

Dominant Regions and Countries:

• India: High consumption of groundnut oil in traditional cooking, coupled with a large population, makes it the leading market. Key drivers include strong cultural preference, favorable government policies, and established infrastructure.
• China: Increasing demand driven by rising disposable incomes and urbanization contributes to China's strong position in the market. Infrastructure development and supportive economic policies further fuel growth.
• Africa: Significant growth potential exists in Africa due to increasing population and rising demand for cooking oils. However, challenges include limited infrastructure and inconsistent supply chains.

Dominant Segments:

• Refined Groundnut Oil: This segment holds the largest market share due to its superior quality and longer shelf life, attracting price-sensitive consumers.
• Food Application: This remains the most significant application, driven by traditional culinary practices and widespread usage across various cuisines.

Groundnut Oil Industry Product Innovations

Recent innovations focus on enhancing the quality and value proposition of groundnut oil. This includes developing refined oils with higher oleic acid content, extending shelf life, and incorporating value-added attributes. Technological advancements in extraction and refining techniques aim to improve yields and reduce environmental impact. These innovations cater to growing consumer preferences for healthier and sustainable food products, boosting market competitiveness.

Report Segmentation & Scope

This report provides a detailed segmentation of the groundnut oil market based on type (refined and unrefined) and application (food, personal care, pharmaceuticals, and other). Each segment's market size, growth projections, and competitive dynamics are analyzed. The refined segment is expected to register higher growth due to its enhanced properties and increasing demand from the food and personal care industries. The food segment remains dominant, with consistent growth projected across all regions, while personal care and pharmaceuticals are projected to showcase moderate growth, driven by the adoption of groundnut oil in specialized cosmetic and therapeutic formulations.

Key Drivers of Groundnut Oil Industry Growth

Several factors contribute to the growth of the groundnut oil industry. Rising disposable incomes in developing countries are increasing demand for cooking oils. Favorable government policies supporting the agricultural sector boost groundnut production. Technological advancements in extraction and refining processes enhance efficiency and reduce production costs. Growing awareness of the health benefits of groundnut oil is also fueling demand.

Challenges in the Groundnut Oil Industry Sector

The groundnut oil industry faces challenges, including fluctuations in groundnut production due to weather conditions. Supply chain disruptions and increasing input costs impact profitability. Competition from substitute oils and stringent regulatory requirements present hurdles. These factors can affect market stability and growth projections. For example, a xx% decrease in groundnut yield in 2022 resulted in a xx Million loss in potential revenue.

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

Key Developments in Groundnut Oil Industry Sector

• January 2023: Wilmar International announced a new investment in sustainable groundnut farming in Africa.
• June 2022: Cargill launched a new range of refined groundnut oils with enhanced nutritional value.
• October 2021: A significant merger occurred between two smaller groundnut oil producers in India, leading to increased market consolidation.
• (Further key developments can be added here with specific year/month)

Strategic Groundnut Oil Industry Market Outlook

The future of the groundnut oil industry appears promising, with continued growth driven by several factors. Increasing consumer preference for healthy cooking oils, coupled with rising disposable incomes, especially in developing economies, fuels demand. Innovation in sustainable farming practices and advanced extraction techniques promises a greener and more efficient future. Strategic partnerships and investments in supply chain optimization will enhance market competitiveness and ensure sustainable growth in this important sector.

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