The peanut oil production in Brazil is forecasted to grow from 156.0 thousand metric tons in 2024 to 184.0 thousand metric tons in 2028. Assuming 2023 had a production level resembling 2024, the steady growth reflects a year-on-year increase: approximately 5.1% from 2024 to 2025, 4.3% from 2025 to 2026, and 3.5% from 2026 to 2027. The compound annual growth rate (CAGR) over five years is around 4.2%. This consistent upward trend indicates a strong expansion in the industry.
Future trends to watch for include:
- Advancements in agricultural techniques and peanut varieties that could enhance yield and oil extraction rates.
- Potential market demand shifts reflecting health trends and preferences for plant-based oils.
- Impact of climate change and environmental policies on sustainable production practices.