The Europe Peanut Oil Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 268.5 kilo tonnes, showcasing a growth of 4.1% (2019-2022).
Refined peanut oil varieties include cold-pressed, expeller-pressed, and solvent-extracted types, each offering different levels of purity, flavor intensity, and smoke points. Cold-pressed peanut oil, extracted through mechanical means without the use of heat or chemicals, retains more of the peanut's natural flavor and nutrients, making it ideal for dressings, dips, and light sautéing. Therefore, the France market utilized 41.7 kilo tonnes of refined peanut oil in 2022.
The Germany market dominated the Europe Peanut Oil Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $816.3 Million by 2030. The UK market is exhibiting a CAGR of 3.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.9% during (2023 - 2030).
Food processing companies and fast-food chains have embraced peanut oil for its ability to enhance the taste and texture of fried foods. The oil's stability at high temperatures and neutral taste makes it a preferred choice for large-scale food production. This adoption in the food processing sector has contributed significantly to the overall market demand for peanut oil. Peanut oil is widely used for frying due to its high smoke point, which helps achieve crispy textures in fried foods without imparting an overwhelming flavor.
Peanut oil is commonly used to produce potato chips and fried snacks. Its stability at high temperatures and neutral taste contribute to the desirable qualities of these processed snacks. In some baked goods, peanut oil may impart a moist texture and enhance the overall flavor. It is often chosen for its ability to blend seamlessly with other ingredients. Peanut oil's emollient properties make it a popular choice in skincare products, including moisturizers and lotions.
The perception of peanut oil as a healthier cooking oil option may contribute to its increased use in food products in France. Consumers in France are seeking alternatives perceived as healthier, this can drive the demand for peanut oil. Culinary trends and preferences may influence the demand for peanut oil in the food industry in France. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Peanut Oil Market will Hit USD 13.8 Billion by 2030, at a CAGR of 4.3%
Based on Application, the market is segmented into Food, Cosmetics, Pharmaceuticals, and Others. Based on Distribution Channel, the market is segmented into Business To Business, Hypermarket/Supermarket, Online Sales Channels, and Independent Retail Stores. Based on Type, the market is segmented into Refined, and Unrefined. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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