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Oils Market Research 2023 - Industry Analysis, Size, Share, Future Trends, Growth Opportunities And Forecast 2032
Oils Market
Oils Market Size, Growth Rate, And Forecast
The global oils market size is expected to grow from $89.68 billion in 2022 to $96.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oils market size is expected to reach $118.91 billion in 2027 at a CAGR of 5.5%.
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Oils Market Drivers
The increased demand for food is expected to propel the growth of the oils market going forward. Food refers to a substance mostly made up of protein, carbohydrates, fat, and other nutrients that is used by a human's body to provide energy and support development and other important processes.
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Oils Market Segments
• By Oil Type: Palm Oil, Soybean Oil, Canola Oil, Sunflower Oil, Other Oil Types
• By Form: Liquid, Solid
• By Source: Fruits And Vegetables, Herbs And Spices, Flowers
• By Method Of Extraction: Distillation, Carbon Dioxide Extraction, Cold Press Extraction
• By Application: Food Industry, Biofuels, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Oils market.
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Oils Market Key Players
Major competitors in the Oils market include Associated British Foods PLC, Archer Daniels Midland Company, Bunge Limited, Wilmar International Limited, United Plantations Berhad.
The Business Research Company's "Global Oils Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Oils Market Include:
1. Executive Summary
2. Oils Market Characteristics
3. Oils Market Trends And Strategies
4. Oils Market - Macro Economic Scenario
5. Oils Market Size And Growth
.......................
26. Africa Oils Market
27. Oils Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oils Market
29. Oils Market Future Outlook and Potential Analysis
30. Appendix
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