Middle East And Africa Peanut Oil Market

Middle East and Africa Peanut Oil Market Size and Growth

Middle East and Africa Peanut Oil Market is estimated to grow at a CAGR of 2.5% in the forecast period (2022-2027)

Middle East and Africa Peanut Oil Market Overview

The Middle East and Africa 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 the 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 peanuts is expected to increase the demand for Peanut Oil. However high prices and increasing demand of soybean restricts the growth of this industry.

Middle East and Africa Peanut Oil Market Segmentation

The Middle East and Africa Peanut Oil market is segmented

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 the market is Personal Care Products, Food, Pharmaceutical, and Others.

Middle East and Africa Peanut Oil Market Regional Analysis

• UAE

• Israel

• KSA

• South Africa

• Egypt

Middle East and Africa 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.,