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Global Edible Oils Market - Industry Trends and Forecast to 2029
Global Edible Oils Market - Industry Trends and Forecast to 2029
Market Analysis and Size
The global cooking oil market is being driven by increased consumption of high-quality edible oils/cooking oils by health-conscious consumers and growing demand from various applications, such as confectionery, primarily in the production of candies. Furthermore, refined olive oil and coconut oil are increasingly being used in various bakery applications because they are bland in flavour and allow the food to retain its original flavour.
Data Bridge Market Research analyses that the edible oils market was valued at USD 94.7 billion in 2021 and is expected to reach the value of USD 170.16 billion by 2029, at a CAGR of 7.6% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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