Peanut Oil Market Outlook, Opportunity And Demand Analysis, Forecast 2018 - 2025Posted by kailas waghmare on April 2nd, 2019 Peanut oil is an edible vegetable oil, which is derived from peanuts. Peanuts are legumes and are native to Latin America and various other tropical regions. Peanut oil is utilized either to enhance the flavor of the underlying food or as a base for cooking. It possess a high smoke point comparative to other cooking oils, and is used for frying food. Its major component fatty acids include oleic acid, linoleic acid, and palmitic acid. In addition, it contains arachidic acid, stearic acid, lignoceric acid, behenic acid, and other fatty acids. Download Request Sample @: https://www.alliedmarketresearch.com/request-toc-and-sample/3737 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. Some of the key players in the global market include:
Flat 20% Discount on All License Type @: https://www.alliedmarketresearch.com/checkout/980506 * Offer Valid Till 20th April 2019 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. Key Benefits
Like it? Share it!More by this author |