About Edible Vegetable Oil
Edible vegetable oils are extracted by processing the seeds or fruits of plants and are widely used for cooking, biofuel, cosmetics, oil painting, and other industrial applications. In recent times, the demand for sunflower oil, palm oil, and olive oil is increasing in the food industry due to their various health benefits and antioxidant potential properties against diabetes and other cardiovascular complications. The growing demand for natural ingredients and vegetable oils for manufacturing cosmetics and personal care products will accelerate the growth of edible vegetable oils.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Edible Vegetable Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Nature Fresh Life (India), Carrington Farms (United States), Wilmar International (Singapore), B&G Foods, Inc. (United States), Richardson International (Canada), Thanakorn Vegetable Oil Company Limited (Thailand), OLVEA (France), COFCO (China), BCL Industries Limited (India), Best Drop Lite Oils (India), Archer-Daniels-Midland (United States), Bunge Limited (United States), Louis Dreyfus Company (Netherlands) and Tampieri Spa (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Edible Vegetable Oil market by Type (Olive Oil, Cottonseed Oil, Sunflower Oil, Ground Nut Oil, Soybean Oil, Palm Oil, Coconut Oil, Nut Oils and Others), Application (Culinary, Cosmetics, Biofuel, Oil Painting and Medical Purposes) and Region.
On the basis of geography, the market of Edible Vegetable Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Refined will boost the Edible Vegetable Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Edible Vegetable Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Innovative and Sustainable Technologies to Increase the Oxidative Stability of Vegetable Oils to Meet the Consumers’ Demand
Market Growth Drivers:
Growing Adoption of Unrefined Edible Vegetable Oils Among Consumers Due to Availability of High Contents of Healthy Fats and Vitamins, High Growth of Edible Vegetable Oils for Culinary Applications Especially for Backing or Dressing Food Dishes and High Consumption of Palm Oil Across the Globe in the Food Industry and Making Biofuel
Challenges:
Increasing Health Issues Due to High Content of Omega 6 in the Vegetable Oils
Restraints:
Increased Risk of Cardiovascular Diseases Due to Consumption of Palmitic Oil and Volatility in the Edible Oil Prices May Affect the Growth of Edible Vegetable Oils Market
Opportunities:
Increasing Use of Vegetable Oils for Industrial Applications like Biofuel, Soaps, Cosmetics, Etc. and Increasing Demand for Natural Edible Vegetable Oils in the Cosmetic Industry Will Create Significant Opportunities
Market Leaders and their expansionary development strategies
In December 2021, Cargill, the US-based food company acquired an edible oil refinery in AP, India. The acquisition will allow Cargill to expand its footprint in India, especially in southern India. According to the company, the new facility will be fully operated by May 2022 and will give the ability to supply refined palm oil, vanaspati, palm olein, and sunflower oil to the retailers and other consumers in the Telangana, Karnataka, AP, and Tamil Nadu.
In February 2023, Reinforcing its commitment to expand the edible oils portfolio to South India, Cargill has announced the launch of Gemini Pureit™
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Edible Vegetable Oil Manufacturers, Edible Vegetable Oil Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.