Expert Market Research’s new report titled “Global Peanut oil market priceSize, Share, Report and Forecast 2021-2026′, gives an in-depth analysis of the global Peanut Oil market, assessing the market based on its segments such as product types, application, packaging and the main regions.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 5%
The increasing use of peanuts for immediate production and processing is driving the growth of the peanut oil market. Due to a small proportion of saturated fats, trans fats and cholesterol, it is also a comparatively healthier oil. Growing consumer health awareness is propelling the growth of the market. The nutty flavor of peanut oil is also contributing to the peanut oil market as it is increasingly used as a seasoning and flavoring agent. It is suitable for frying because it does not absorb flavor from food and has a high smoke point. However, peanut allergy is a serious concern for the market because people who suffer from it are relatively numerous.
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Peanut Oil Industry Definition and Major Segments
Peanut oil is also known as peanut oil and groundnut oil is a type of oil derived from peanuts. It is a soft or neutral oil. If the oil is made from roasted peanuts, it has a strong flavor and aroma. Peanut oil has the same functionality as other vegetable oils, but the effect of fresh and unique oils makes it preferable to others.
By Product Types, the market is split into:
The main applications of the product are:
- Personal care products
On the basis of packaging, the industry is divided into:
- plastic bottles
- plastic containers
- Glass containers
- Plastic pouches
Global peanut oil markets can be divided into:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Peanut Oil Market Trends
People opt for peanut oil because of the health benefits it offers. Peanut oil is rich in antioxidants and good fats that can maintain heart health and blood sugar levels. Using this oil for cooking may offer potential health benefits, including heart health, better control of diabetes, joint pain, joint pain, lower cholesterol, and others. It contains a high level of good monounsaturated fats and low levels of bad saturated fats, which are believed to help prevent heart disease and lower cholesterol. Peanut oil is suggested to help reduce fat buildup in blood vessels. This makes peanut oil suitable for cooking and for medicinal purposes.
Main market players
Major players in the market are Archer Daniels Midland, Cargill, Incorporate, Olam International, Adani Wilmar Limited, and Ventura Foods, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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