Peanut Oil Market Size to Grow by $ 1.90 bn through 2020-2024
Technavio research projects the peanut oil market to grow by $ 1.90 billion, accelerating at a CAGR of over 3% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Peanut Oil Market: Key Market Driver
One of the primary factors that will trigger the growth of the peanut oil market size is Health benefits of peanut oil. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Peanut Oil Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Adani Enterprises Ltd., Archer Daniels Midland Co., Cargill Inc., COFCO Corp., Lorenzati Ruetsch y Cia SA, Louis Dreyfus Co. BV, Olam International Ltd., The Hain Celestial Group Inc., The J.M. Smucker Co., and Wilmar International Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the global peanut oil market and it is expected to grow by USD 1.90 billion accelerating at a CAGR of over 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Peanut Oil Market: Segmentation by Distribution Channel
During 2019, the offline segment accounted for the major share of the Peanut Oil Market. Specialty stores that offer premium edible oils and other gourmet ingredients are steadily becoming prominent, especially in developed countries such as the US and the UK. Globalization has spurred investments in traditional commerce and increased the number of offline retail outlets. Vendors operating in the global peanut oil market offer products through several leading offline retail supermarkets such as SPAR international, Walmart, Target Corp., and Aldi. This report provides an accurate prediction of the contribution of all the segments to the growth of the peanut oil market size.
Peanut Oil Market: Segmentation by Geography
Europe was the largest Peanut Oil market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 33% of the market’s growth will originate from Europe during the forecast period, with UK and Germany being the key markets. Market growth in this region will be faster than the growth of the market in other regions.
Peanut Oil Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Adani Enterprises Ltd., Archer Daniels Midland Co. and Cargill Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
