Vegetable Oil Market Size, Price Trends, CAGR, Latest Insights and Forecast 2022-2027

According to IMARC Group's latest report, titled "𝗩𝗲𝗴𝗲𝘁𝗮𝗯𝗹𝗲 𝗢𝗶𝗹 (𝗣𝗮𝗹𝗺 𝗢𝗶𝗹, 𝗖𝗮𝗻𝗼𝗹𝗮 𝗢𝗶𝗹, 𝗖𝗼𝗰𝗼𝗻𝘂𝘁 𝗢𝗶𝗹 𝗮𝗻𝗱 𝗦𝗼𝘆𝗯𝗲𝗮𝗻 𝗢𝗶𝗹) 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟮𝟳", the global vegetable oil market size reached US$ 241.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 324.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.92% during 2022-2027.

𝗬𝗲𝗮𝗿 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝘁𝗼 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2022-2027

𝗩𝗲𝗴𝗲𝘁𝗮𝗯𝗹𝗲 𝗢𝗶𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀:

The rising awareness regarding the health benefits of consuming vegetable oil, such as lowering cholesterol levels and reducing the risks of cardiovascular diseases (CVDs), is one of the primary factors driving the market growth. In line with this, vegetable oil has several robust properties, such as lower volatility, high viscosity, better pressure performance, affordability, and easy availability, which has further surged its demand as an alternative for mineral oil across end-use industries. Additionally, governments of various nations are undertaking initiatives to promote bio-based products, such as vegetable oil, which is bolstering the market growth. Other factors, such as the introduction of minimally processed and organic vegetable oil variants by key players and the growing prevalence of lifestyle diseases, are providing a considerable thrust to the market.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗳𝗿𝗲𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗯𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.imarcgroup.com/vegetable-oil-processing-plant/requestsample

𝗩𝗲𝗴𝗲𝘁𝗮𝗯𝗹𝗲 𝗢𝗶𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄:

Vegetable oil is an odorless, flavorless, mild, light-colored cooking oil mainly derived from seeds, grains, nuts, and fruits. It is widely used for frying, cooking, and making salad dressings and also as a key ingredient in the manufacturing of resins, paints, perfumes, detergents, soaps, skin products, and candles. Vegetable oil is an excellent source of omega-6 and omega-3 fatty acids and vitamins A, E, and B1. It is used as an alternative to animal-based fats and petrochemicals in both non-food and food applications. Canola oil, olive oil, corn oil, sunflower oil, and soyabean oil are some common product variants available in the market.

𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=610&method=1

𝗩𝗲𝗴𝗲𝘁𝗮𝗯𝗹𝗲 𝗢𝗶𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟮𝟳 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗪𝗶𝘁𝗵 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:

The competitive landscape of the vegetable oil market has been studied in the report with the detailed profiles of the key players operating in the market.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

• Archer-Daniels-Midland Company,
• Bunge Limited,
• Cargill,
• Incorporated,
• Louis Dreyfus Company BV
• Wilmar International Ltd.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

The report has segmented the vegetable oil market on the basis of breakup by oil type, application and region.

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗢𝗶𝗹 𝗧𝘆𝗽𝗲:

• Palm Oil
• Soybean Oil
• Sunflower Oil
• Canola Oil
• Coconut Oil
• Palm Kernel Oil

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻:

• Food Industry
• Biofuels
• Others

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝟭𝟬% 𝗳𝗿𝗲𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/request?type=report&id=610&flag=C

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.