Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22602
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Peanut Oil Prices December 2023

Category Region Price
Peanut Oil Agricultural Feedstock India 1922 USD/MT
Peanut Oil Agricultural Feedstock Brazil 1840 USD/MT

The price of peanut oil in India for Q4 2023 reached 1922 USD/MT in December. The prices saw a decline due to low demand for peanut oil due to increased availability and lower prices of alternative edible oils. Moreover, increased international demand added strain to domestic supplies.

The price of peanut oil in Brazil for Q4 2023 reached 1840 USD/MT in December. Overall, there has been a negative trend for the market due to diminished demand coupled with the existing supply. It all contributed to overall reduction.

Peanut Oil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of peanut oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of peanut oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of peanut oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing peanut oil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Peanut Oil Price Trend

Peanut Oil Market Analysis

The global peanut oil market size reached US$ 10.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 14.6 Billion, at a projected CAGR of 3.70% during 2023-2032.

  • Peanut oil is becoming popular among health-conscious consumers with the growing need of healthier oil due to its high concentration of monounsaturated and polyunsaturated fats that help decrease cholesterol and enhance heart health. According to the NATIONAL INSTITUTE OF HEALTH (NIH), peanut oil is a rich source of dietary essential fatty acids including oleic acids (36% to 67%) and linoleic acids (15% to 46%), and O/L ratios are in the range of 1.19–4.46 (Akram et al., 2018). The previous studies have shown that O/L is associated with a lower risk of cardiovascular disease, and linoleic acid has a positive influence on coronary heart disease. This change is a part of a larger trend where people are choosing healthier cooking oils over conventional ones that are heavy in saturated fats. Furthermore, peanut oil's antioxidant content, which includes vitamin E, makes it more appealing as it supports cellular defense and skin health. Growing public awareness about the advantages of eating a better diet has led to a rising demand for peanut oil owing to its health benefits and capacity to improve food flavor without sacrificing nutritional content.
  • Additionally, the growth in culinary applications like deep-frying and sautéing are two of the most popular uses for peanut oil due to its neutral flavor and high smoke point. As per the Peanut Institute, due to its many benefits, advantages, and nutritional value, peanut oil is recommended to cook and fry. The 2020 US Dietary Guidelines recommend that fat intake should emphasize monounsaturated and polyunsaturated fats, such as those found in seafood, nuts, seeds, and oils. As a result, both professional cooks and home kitchens are using peanut oil more frequently. It is essential to obtaining the genuine flavor and texture of traditional meals in culinary hotspots, particularly in Asian and Southern American cuisines. The demand for peanut oil is being further driven by the trend toward international cuisine and creative cookery, as consumers try to recreate these recipes at home.
  • There is a growing trend toward sustainable and organic food products, which includes cooking oils. Organic peanut oil, produced without the use of synthetic pesticides and fertilizers, is becoming more popular as part of this trend. According to the National Institute of Food Technology Entrepreneurship and Management (NIFTEM), the oil from the organic groundnut (peanut) seeds is proven to be an excellent source of vitamin E, various fatty acids, good quality proteins (approx. 28%) and carbohydrates. Peanut oil extraction method is also known as leaching method, that employs organic solvent to dissolve fats, spray and immerse the oil-bearing materials in order to eventually separate the fat from material. Additionally, manufacturers are increasingly focusing on sustainable practices in the cultivation and production of peanut oil to meet consumer demand for environment-friendly products. This includes using less water and energy during production and adopting practices that reduce carbon footprints. As consumers become more environmentally conscious, the demand for oils that are both healthy and produced sustainably is likely to increase, providing significant growth opportunities for producers of organic and sustainably produced peanut oil.

Peanut Oil News

The report covers the latest developments, updates, and trends impacting the global peanut oil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in peanut oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the peanut oil price trend.

Latest developments in the peanut oil industry:

  • November 2021: Cargill has acquired an edible oil refinery located in Nellore in Andhra Pradesh. Cargill’s US$35 million investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in Southern India and strengthen its existing supply chain to meet growing customer demand.
  • October 2021: Shandong Luhua Group and Chemsta signed a contract by which Chemsta will undertake for Luhua Group another 1,000 TPD Peanut Oil Project.

Product Description

Peanut oil, sometimes referred to as ground nut oil, is a widely used cooking oil made from peanut plant seeds. It is well known for its high smoke point of roughly 450°F (232°C) and mild, nutty flavor, making it a great option for high-heat culinary techniques like sautéing and frying. Due to its high monounsaturated fat content, which helps support the maintenance of good cholesterol levels, peanut oil is also highly valued for its health benefits. Antioxidant vitamin E, which supports healthy skin and cellular defense, is included in it. Due to its adaptability and flavor-enhancing properties, this oil is frequently used in both home and commercial kitchens. It is also naturally trans-fat-free and non-GMO.

Peanut oil is widely used in cooking and food preparation. Due to its high smoke point, which enables it to cook food at high temperatures without smoking or burning, it is perfect for deep-frying and sautéing. Peanut oil is also widely used in marinades and salad dressings because of its mild flavor that complements other flavors without being overbearing. It is also a top option for infusing oils with herbs and spices because of its stability and resistance to rancidity.

Regional Coverage

The report provides a detailed analysis of the peanut oil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the peanut oil price trend. 

Global Peanut Oil Price

The report offers a holistic view of the global peanut oil pricing trends in the form of peanut oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of peanut oil but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed peanut oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Peanut Oil Price

The price patterns seen in Europe were largely replicated in the North America continent. exhibiting a price trend that is primarily negative. The primary cause of this pricing dynamic was the ongoing decrease in peanut oil prices, which was supported by a fall in downstream demand. Nonetheless, the availability of enough stockpiles that adequately satisfied the current demand more than compensated for this decline in consumer demand.

European peanut oil prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed peanut oil price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

North America Peanut Oil Price

In North America, the prices for peanut oil showed a steady decline, driven by several important variables that significantly altered the pricing environment. The worldwide market's general loss in downstream consumption served as the first impetus for this downturn and ultimately led to a general drop in peanut oil prices.

Specific peanut oil historical data within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada

Middle East and Africa Peanut Oil Price

The report explores the peanut oil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on peanut oil prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific Peanut Oil Price

The peanut oil pricing in the Asia Pacific region observed a notable swing. Due to the greater accessibility and more affordable costs of substitute edible oils, there was initially a decrease in the market for peanut oil. Second, the general downturn in the economy and the pressures of inflation lowered consumer spending power and decreased the use of peanut oil. The market showed a downward trend in support of this. New agricultural supplies arrived throughout harvest season, increasing market supply and lowering prices as a result.

This peanut oil price analysis can be expanded to include a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America Peanut Oil Price

The analysis of peanut oil prices in Latin America experienced a negative trend in the last quarter of 2023. There was an oversupply of edible oils in the market, leading to a surplus of peanut oil. This excess of supply resulted in the consistent decline in both the domestic and international demand, thus decreasing prices. The consumption of peanut oil witnessed an average demand, with bearish factors playing a crucial role. However, market transactions remained weak throughout the year, contributing to a substantial decline in prices.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes Details
Product Name Peanut Oil
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Peanut Oil Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of peanut oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting peanut oil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The peanut oil price charts ensure our clients remain at the forefront of the industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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