In 2023, the non-food uses of groundnut oil in the US were observed at 17.0 thousand metric tons. From 2024, forecasts indicate a gradual increase from 18.0 to 19.0 thousand metric tons by 2028. Specifically, the volume is predicted to remain unchanged at 18.0 thousand metric tons through 2025 before a slight increase to 19.0 thousand metric tons from 2026 to 2028. Year-on-year growth from 2026 to 2027 shows a 5.6% increase, while the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is anticipated to be around 1.35%.
Future trends to watch for include:
- The influence of sustainable practices and bio-based product innovations.
- Market dynamics driven by consumer awareness about eco-friendly products.
- Potential impact of regulatory changes on the availability and application of non-food groundnut oil in industrial sectors.
