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The global peanut oil market is segmented on the basis of type, application, packaging, and geography.
Based on type, the market is categorized into refined and unrefined.
By application, it is classified into personal care products, food, pharmaceutical, and others.
According to packaging, it is divided into glass containers, plastic containers, cartons, plastic pouches, and others.
Geographically, it is analyzed across into North America, Europe, Asia-Pacific, and LAMEA.
The global peanut oil market is highly congested with high level of competition among key players. Moreover, since there is no unique functionality of peanut oil when compared to other vegetable oils, the demand is anticipated to remain stagnant throughout the forecast period.
The emergence of soybean oil is as an important reason for the declining growth of the global peanut oil market. The impact of new and unique oils is predominantly strong in developed regions, since consumers have access to new products and have a strong purchasing power. Peanut oil is relatively healthy owing to low percentage of trans-fats, saturated fats, and cholesterol.
Moreover, the nutty flavor offered by peanut oil is a crucial factor, which is anticipated to accelerate the demand for peanut oil. However, high price of peanut oil and increase in demand for soybean oil hamper the market growth.
Major Players: Archer Daniels Midland, Cargill Incorporated, Olam International, Adani Wilmar Limited, Ventura Foods (Lou Ana), etc.
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This post was originally published on The Market Plan