Vegetable Oil Market Report size was valued at US$ 177.22 Bn in 2022 and the total revenue is expected to grow at 6.52% through 2023 to 2029, reaching nearly US$ 275.77 Bn.
Vegetable Oil Market Report Overview
A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the Vegetable Oil Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.
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Vegetable Oil Market Report Dynamics
Increased demand for vegetable oil, which is produced from margarine, and a preference for organic health-based products are driving factors in the market’s growth. Between 2023 and 2029, the demand for vegetable oil will increase as a result of numerous manufacturers’ availability of products for uses including cooking, fuel production, and other applications.
The growing per capita earnings in emerging economies are driving the global market for vegetable oil. The forecasted period will see a 1% yearly increase in consumption. In terms of per capita consumption of food products containing vegetable oil, developing markets are anticipated to catch up to developed economies in the forecast period, expanding at a rate of 0.4% yearly. To counter the expected inflationary effect, oil seed farming will increase, and supplies—particularly palm oil—from Indonesia and Malaysia will surge. India, the second-largest consumer in the world, would witness a 3.1% yearly increase in the consumption of food made with vegetable oils, coming in second only to China.
Vegetable Oil Market Report Scope
The report provides current Vegetable Oil market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.
Vegetable Oil Market Regional Analysis
The Vegetable Oil market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.
Vegetable Oil Market Segmentation
Soybean oil, rapeseed oil, sunflower oil, palm oil, olive oil, corn oil, peanut oil, coconut oil, and others are some of the types of vegetable oils that are subdivided into the worldwide vegetable oil market based on type. In 2022, the sector for palm oil had the highest market share at 6.52%. This is mainly because palm oil is inexpensive and has increasing health benefits. Additionally, palm oil is made from plant seeds and aids in vision improvement, cardiovascular disease prevention, and hair growth promotion, all of which increase demand for triglycerides palm oil and stimulate market expansion. The Soybean Oil category is anticipated to increase at the fastest pace, or 1.05%, between 2023 and 2029.
The global vegetable oil market is divided into six application-based categories: food products, animal feed, cosmetics, pharmaceuticals, biodiesel, and others. In 2022, the segment for food products had a sizable market share of xx%. The food industry consumes a sizable share of the overall amount of generated vegetable oil. Industrial utilisation and biofuels are effective in the food industry. A significant source of the overall global consumption of vegetable oil is China. China and Indonesia produce the majority of the volume, and it is anticipated that they will continue to lead the producing nations in the next years.
1 Global Vegetable Oil Market, by Type (2022-2029)
• Soybean Oil
• Rapeseed Oil
• Sunflower Oil
• Palm Oil
• Olive Oil
• Corn oil
• Peanut Oil
• Coconut Oil
• Others
2 Global Vegetable Oil Market, by Applications (2022-2029)
• Food Products
• Animal Feed
• Cosmetics
• Pharmaceuticals
• Biodiesel
• Others
3 Global Vegetable Oil Market, by Distribution Channel (2022-2029)
• Direct Sales
• Supermarkets
• Convenience Store
• Specialty Store
• E-Commerce
• Other
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Vegetable Oil Market Key Players
1. Cargill, Inc.
2. Wilmar International Ltd.
3. Archer Daniels Midland Company
4. Bunge Ltd.
5. Olam International
6. Conagra Brands, Inc.
7. Hanoon Oil Factory
8. Colorado Mills
9. PPB Group Barhad
10. Oliyar Production Company
11. Delizio
12. Avril Group
13. Optimusagro Trade
14. RISOIL SA
15. Marico & Rein Oil CC
16. Macjerry Sunfloweroil Company Ltd.
17. KAISSA Oil
18. Parakh Group
Key Questions answered in the Vegetable Oil Market Report are:
- What is Vegetable Oil?
- What is the forecast period of the Vegetable Oil Market?
- What is the expected Vegetable Oil market size by the end of the forecast period?
- What will be the CAGR of the Vegetable Oil market during the forecast period?
- Who are the key players in the Vegetable Oil industry?
- Which region held the largest market share in the Vegetable Oil Market?
- What are the opportunities for the Vegetable Oil Market?
- What are the factors restraining the Vegetable Oil market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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