Market Snapshot:
Vegetable oils are extracted from vegetable sources such as fruits, nuts and seeds. These oils are mainly used for human consumption apart from medicinal use and biofuel generation. Out of all oil types, palm oil is expected to dominate the market share owing to its cost-effectiveness and versatility. Recently, consumers' inclination has been towards healthy oils which contain less trans fat and cholesterol. Amid growing health concerns, companies are focusing on processing vegetable oils which have a less adverse effect on health.
Highlights from Vegetable Oil Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are ACH Food [United States], Archer Daniels Midland [United States], Bunge [United States], Carapelli [Italy], Cargill [United States], Chinatex Corporation [China], ConAgra Foods Inc. [United States], COFCO Limited [China], Dow Agro-Sciences LLC [United States], DuPont [United States] and Willmar International Limited [Singapore].
Geographic Breakdown and Segment Analysis
The Global Vegetable Oil market presents a comprehensive analysis of the Vegetable Oil market by product type (Palm Oil, Soybean Oil, Canola Oil, Sunflower Oil, Olive Oil, Safflower Oil, Peanut Oil, Cottonseed Oil, Coconut Oil and Others), by end-user/application (Culinary Uses, Industrial Uses, Pet Food Additives, Fuel and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Vegetable Oil industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Vegetable Oil market
Analyst at AMA have segmented the market study of Global Vegetable Oil market by Type, Application and Region.
Influencing Trend:
Growing Preferences for Healthy Vegetable Oils and Increasing Use of Vegetable Oils to Produce Bio-fuel and Rising Demand of Bio-fuel in Automotive and Aviation
Market Growth Drivers:
Rising Demand for Vegetable Oils in Food Materials, Especially in Processed Foods and Increasing Consumption of Palm Oil
Challenges:
Countering Counterfeit and Mislabeled Products and Green and Sustainable Packaging of Vegetable Oils
Restraints:
Growing Environmental Concerns Regarding Vegetable Oil Production
Opportunities:
Rising Demand for Low Fats and Low Cholesterol Oils
In February 2023, Cargill launched new edible oil brand, Gemini Pureit, in South India. Gemini Pureit is a high quality sunflower oil brand and its launch helped cargill to expand its presence and cater demand of sunflower oil in South India market.
Regulatory Insights:
Food and Drug Administration (FDA) of United States has mandated to label the vegetable oil products with mention of ingredients it contains. Moreover, any health related claim, if deemed to be suitable, has to be mentioned as well.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product 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.
Key Target Audience
Vegetable Oil Manufacturers, Suppliers/ Distributors, Government Agencies, Research Institutes, Potential Investors and Others