Europe Peanut Oil Market

Europe Peanut Oil Market  Size and Growth Analysis:

Europe 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.

Europe Peanut Oil Market Overview:

The Europe 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 the 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.

Europe Peanut Oil Market Segmentation:

The Europe Peanut Oil market is segmented on the basis of

• type

• packaging

• application

Based on Type the market is segmented into

• Refined

• Unrefined

Based on packaging the market is segmented into

• Glass Containers

• Plastic Containers

• Cartons

• Plastic Pouches

Plastic bottles and plastic pouches are dominant segments because of their particular applicability in preparing food products.

Based on application the market is

• Personal Care Products

• Food, Pharmaceutical

Europe Peanut Oil Market geographical Analysis

The Europe market has been geographically segmented into

• Germany

• U.K

• France

• Spain

• Italy

Europe Peanut Oil Market Key players:

1. Archer Daniels Midland (Golden Peanut)

2. Adani Wilmar Limited (Fortune Foods)

3. Ventura Foods (Lou Ana)

4. Parrish and Heimbecker

5. Ventura Foods

6. Hain Celestial Group

7. Cargill, Incorporated

8. Olam International

9. General Mills Inc.

10. Associated British Foods