Pre & Post COVID-19 Market Estimates-Peanut Oil Market 2019-2023 | Expansion of Production Facilities to Boost Growth | Technavio

  • Apr 23, 2020
  • Business Wire

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the peanut oil market and it is poised to grow by USD 2.63 billion during 2019-2023, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Daniels Midland Co., Cargill Inc., Olam International Ltd., The Hain Celestial Group Inc., and The J. M. Smucker Co. are some of the major market participants. The expansion of production facilities will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Expansion of production facilities has been instrumental in driving the growth of the market.

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Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our peanut oil market report covers the following areas:

This study identifies growing popularity of blended peanut oil as one of the prime reasons driving the peanut oil market growth during the next few years.

We provide a detailed analysis of vendors operating in the peanut oil market, including some of the vendors such as Archer Daniels Midland Co., Cargill Inc., Olam International Ltd., The Hain Celestial Group Inc., and The J. M. Smucker Co. Backed with competitive intelligence and benchmarking, our research reports on the peanut oil market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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