The forecast for peanut oil domestic consumption in the US shows a steady annual increase from 143.0 thousand metric tons in 2024 to 147.0 thousand metric tons in 2028. This indicates an average annual growth rate (CAGR) of approximately 0.7%. As of 2023, the consumption was recorded at 142.0 thousand metric tons, translating to a year-on-year growth of around 0.7% by 2024. This consistent increase highlights the gradual rise in demand.

Future trends to watch for include:

Changes in consumer preference for healthier oils, impacting peanut oil demand.
Potential shifts in agricultural policies affecting peanut production and supply.
Evolving culinary trends that may influence peanut oil usage in both home cooking and food industries.
Economic factors like inflation or changes in disposable income that could alter consumption patterns.