Latin America Peanut Oil Market

Latin America Peanut Oil Market Size, Share, Growth (2022-2027)

Latin America Peanut Oil Market is worth USD xx million in 2021 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2027.

Latin America Peanut Oil Market Overview

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.

Latin America Peanut Oil Market Segmentation

on the basis of

• type

• packaging

• application

Based on Type

• Refined

• Unrefined

Based on packaging

• 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

• Personal Care Products

• Food

• Pharmaceutical

Latin America Peanut Oil Market Regional Analysis

• Brazil

• Mexico

• Argentina

The rising focus of key players on enhancing their market presence across the globe is estimated to encourage the growth of the market in the Latin America regions.

Latin America 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

8. Incorporated

9. Olam International

10. General Mills Inc.

11. Associated British