Peanut Oil Market | Nutritional Gold Driving Global Demand 2031
As global culinary habits evolve with an increased focus on health and nutrition, peanut oil is emerging as a versatile, heart-healthy cooking medium. Known for its high smoke point, nutty flavor, and rich nutrient profile, peanut oil is gaining popularity not only in traditional food markets but also among health-conscious consumers and chefs across the globe. According to recent market analysis, the global peanut oil market was valued at approximately US$ 10.3 billion in 2023 and is projected to reach US$ 14.7 billion by 2031 , growing at a CAGR of 4.5% from 2023 to 2031 . The upward trajectory of this market is driven by expanding food industries, rising awareness of healthy fats, and growing demand from emerging economies. Market Overview: A Blend of Tradition and Nutrition Peanut oil, also known as groundnut oil, has long been a staple in Asian and African cuisines. Its growing reputation as a healthier alternative to hydrogenated or trans-fat-laden oils ...