Groundnut Oil Industry: Growth Opportunities and Competitive Landscape Overview 2025-2033

Key Insights

The global groundnut oil market, valued at $11.05 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 2.30% from 2025 to 2033. This moderate growth reflects a complex interplay of factors. The rising demand for groundnut oil in food applications, particularly in regions with established culinary traditions like Asia and Africa, is a significant driver. Its nutritional benefits, including high levels of monounsaturated fats and vitamin E, are also contributing to its popularity among health-conscious consumers. Growth within the personal care segment is also anticipated due to its use in cosmetics and skincare products. However, fluctuations in groundnut production due to climate change and pest infestations pose a significant restraint, potentially impacting supply and price stability. Competition from other vegetable oils, along with concerns about aflatoxin contamination in some regions, further moderate market expansion. The refined groundnut oil segment currently holds a larger market share than unrefined, driven by consumer preference for a more refined taste and longer shelf life. Major players like Wilmar International, Cargill, and Bunge are strategically investing in sustainable sourcing and processing technologies to enhance their market position. Geographic distribution shows strong growth potential in Asia-Pacific, particularly in India and China, fueled by increasing population and rising disposable incomes. North America and Europe, while exhibiting steady growth, show more moderate expansion due to existing market saturation and competition from other oils.

The market segmentation reveals a dynamic landscape. The refined groundnut oil segment is projected to maintain its dominance due to consumer preference for convenience and extended shelf life. Within applications, the food sector remains the largest consumer, driven by its use in cooking and as a culinary ingredient. However, the pharmaceutical and personal care segments are poised for growth due to increasing demand for natural ingredients in health and beauty products. Regional market analysis highlights the Asia-Pacific region as a key growth driver, followed by North America and Europe. While challenges related to production and competition exist, strategic investments in sustainable practices, coupled with the rising awareness of groundnut oil's health benefits, will likely support market growth in the forecast period. The unrefined segment offers opportunities for growth through targeting niche markets emphasizing authenticity and natural attributes.

Groundnut Oil Industry Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the global groundnut oil industry, offering invaluable insights into market dynamics, competitive landscapes, and future growth prospects. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an essential resource for industry stakeholders seeking to understand the current state and future trajectory of this dynamic market. The report leverages extensive data analysis to provide a 360° view of the groundnut oil market, encompassing market size projections, segment-specific analysis, and in-depth competitive profiling. The report is vital for investors, manufacturers, suppliers, and anyone seeking to navigate the complexities of the groundnut oil market. The global market size was valued at $XX Million in 2024 and is projected to reach $XX Million by 2033, exhibiting a CAGR of xx% during the forecast period.

Groundnut Oil Industry Market Structure & Competitive Landscape

The global groundnut oil market exhibits a moderately concentrated structure, with several large multinational corporations commanding significant market shares. Concentration ratios, such as the CR4 (combined market share of the top four players), are estimated to be around xx% in 2025, indicating a competitive but not overly fragmented landscape. Key players, including Wilmar International Limited, Cargill Incorporated, Bunge Ltd, and Archer Daniels Midland Company, drive innovation through product diversification, supply chain optimization, and strategic partnerships. Regulatory changes, particularly those related to food safety and labeling, significantly impact market dynamics. The industry also faces pressure from substitute products like soybean oil and sunflower oil, prompting continuous innovation in product quality and marketing strategies. End-user segmentation, driven primarily by the food industry, influences market demand. Mergers and acquisitions (M&A) activity within the industry has been relatively stable in recent years, with an estimated annual M&A volume of xx deals in the historical period, contributing to market consolidation.

• Market Concentration: CR4 estimated at xx% in 2025.
• Innovation Drivers: Product diversification, sustainable sourcing, technological advancements.
• Regulatory Impacts: Food safety regulations, labeling requirements, trade policies.
• Product Substitutes: Soybean oil, sunflower oil, palm oil.
• End-User Segmentation: Food (largest segment), Personal Care, Pharmaceuticals, Other Applications.
• M&A Trends: xx deals annually (2019-2024), leading to market consolidation.

Groundnut Oil Industry Market Trends & Opportunities

The groundnut oil market is experiencing steady growth, driven by increasing consumer demand for healthier cooking oils and the expanding use of groundnut oil in various applications. The global market is estimated to reach $XX Million by 2033, representing a substantial increase compared to the $XX Million recorded in 2024. This growth is fueled by several factors, including changing consumer preferences towards healthier cooking options, rising disposable incomes in developing economies, and expanding applications in personal care and pharmaceuticals. Technological advancements in oil extraction and refining are further improving efficiency and product quality. The market also benefits from the rising popularity of groundnut-based products, leading to increased demand for the oil. Competitive dynamics are intense, with major players investing in branding, distribution networks, and product innovation to maintain market share. This dynamic interplay of consumer trends, technological advancements, and competitive strategies shapes the overall trajectory of the market. The CAGR during the forecast period is expected to be xx%. Market penetration rates vary significantly across regions, with higher penetration in established markets and potential for significant growth in emerging economies.

Dominant Markets & Segments in Groundnut Oil Industry

The Asia-Pacific region currently dominates the global groundnut oil market, driven by high consumption levels in countries like India and China. Within the product segments, refined groundnut oil holds the largest market share, due to its higher purity and extended shelf life. The food industry remains the dominant end-use segment, with personal care and pharmaceuticals witnessing promising growth.

Key Growth Drivers:

• Asia-Pacific Region: High consumption in India and China, growing population.
• Refined Groundnut Oil: Higher purity, extended shelf life, consumer preference.
• Food Industry: Extensive use in cooking, baking, and food processing.
• Emerging Economies: Rising disposable incomes, increasing demand for healthier cooking oils.
• Government Initiatives: Support for agriculture and food processing industries.

Groundnut Oil Industry Product Analysis

Groundnut oil product innovation focuses primarily on improving quality, enhancing shelf life, and exploring new applications. Advances in extraction and refining technologies have resulted in healthier and more refined products with improved oxidative stability. These innovations cater to the increasing consumer demand for high-quality, nutritious oils. The competitive advantage lies in offering premium, sustainably sourced products that meet evolving consumer expectations and regulatory requirements.

Key Drivers, Barriers & Challenges in Groundnut Oil Industry

Key Drivers:

• Growing consumer preference for healthy cooking oils.
• Increasing demand from the food processing industry.
• Expansion of applications in personal care and pharmaceuticals.
• Technological advancements in oil extraction and refining.

Challenges & Restraints:

• Fluctuations in groundnut production due to weather conditions.
• Competition from other vegetable oils.
• Regulatory hurdles related to food safety and labeling.
• Supply chain disruptions impacting pricing and availability. These factors have resulted in a xx% price fluctuation in the past five years, impacting market stability.

Growth Drivers in the Groundnut Oil Industry Market

The groundnut oil market is driven by a confluence of factors. Increasing health consciousness fuels demand for healthier alternatives to other cooking oils. The expanding food processing industry necessitates large volumes of groundnut oil, while innovative applications in personal care and pharmaceuticals contribute to steady growth. Government support for agriculture and processing, particularly in developing countries, further stimulates market expansion.

Challenges Impacting Groundnut Oil Industry Growth

Significant challenges impede market growth. Fluctuations in groundnut yields due to climate change affect oil supply and pricing. Intense competition from other vegetable oils necessitates continuous innovation and marketing efforts. Stricter food safety regulations and complex supply chains impose additional costs and operational challenges.

Key Players Shaping 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

Significant Groundnut Oil Industry Industry Milestones

• 2020: Increased focus on sustainable sourcing practices by several key players.
• 2021: Launch of new refined groundnut oil products with enhanced nutritional benefits.
• 2022: Significant investment in groundnut processing facilities in key growing regions.
• 2023: Growing adoption of technologically advanced oil extraction methods.
• 2024: Several mergers and acquisitions aimed at market consolidation.

Future Outlook for Groundnut Oil Industry Market

The future outlook for the groundnut oil industry remains positive, driven by continued growth in emerging markets and increasing consumer demand for healthier cooking oils. Strategic investments in sustainable sourcing, technological advancements, and product innovation are poised to further shape the market's trajectory. The industry's capacity to adapt to evolving consumer preferences and regulatory changes will be crucial for long-term success. The market is expected to witness steady growth, with particular opportunities in developing economies and expanding applications in diverse sectors.

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