Asia Pacific Peanut Oil Market is worth USD xx million in 2022 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2027. The Asia Pacific Peanut Oil market is developing at an exceptionally quick pace.
Peanut oil is a mild-tasting vegetable oil derived from peanuts. It is also known as groundnut oil or arachis oil. This oil has a strong peanut flavor and aroma, similar to sesame oil. It has a high smoke point relative to other cooking oils, and is used for frying food. Sometimes antioxidants like vitamin E are also added to improve the shelf life of the oil.Due to lack of unique functionality of peanut oil as compared to other oils, the demand is expected to be stagnant during the forecast period. The significant drivers are functional properties of peanut oil. It is used for deep frying as it does not flavor of the underlying food item. Also nutty flavor of peanut is expected to increase the demand for Peanut Oil. However high prices and increasing demand of soybean restricts the growth of this industry.
The Asia Pacific Peanut Oil market is segmented
on the basis of type,
packaging
application
Based on Type
Refined
Unrefined
Based on packaging the market is segmented into
Glass Containers
Plastic Containers
Cartons
Plastic Pouches
Based on application the market is
Personal Care Products
Food
Pharmaceutical
China
India
Japan
South Korea
Taiwan
Australia
South East Asia
China and India are major producers of peanut oil. Both these countries together account for more than 50% share of the Peanut oil market.
Archer Daniels Midland (Golden Peanut)
Adani Wilmar Limited (Fortune Foods)
Ventura Foods (Lou Ana)
Parrish and Heimbecker
Ventura Foods
Hain Celestial Group
Cargill
Incorporated
Olam International
General Mills Inc
Associated British Foods
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