openPR Logo
Press release

Vegetable Oil Market Latest Trends [2024-2032] | Global Demand and Forecast Report by IMARC Group

02-12-2024 06:21 PM CET | Food & Beverage

Press release from: IMARC Group

Vegetable Oil Market Latest Trends [2024-2032] | Global Demand

IMARC Group, a leading market research company, has recently releases report titled "Vegetable Oil (Palm Oil, Canola Oil, Coconut Oil and Soybean Oil) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", The study provides a detailed analysis of the industry, including the global vegetable oil market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the vegetable oil market?

The global vegetable oil market size reached US$ 268.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 401.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/vegetable-oil-processing-plant/requestsample

Factors Affecting the Growth of the Vegetable Oil Industry:

โ€ข Shifting Consumer Preferences:

Consumer preferences are continuously shaping the growth of the vegetable oil market. Moreover, there is a noticeable shift towards healthier dietary choices, driven by concerns over health and wellness. As consumers increasingly seek alternatives to traditional cooking oils with high saturated fat content, vegetable oils like olive oil, canola oil, and sunflower oil are gaining popularity due to their perceived health benefits. This change in consumer preference towards healthier options is a significant factor fueling the growth of the vegetable oil market.

โ€ข Expansion of the Food Industry:

The food industry is experiencing rapid expansion, and this trend is a substantial driver of the vegetable oil market. Vegetable oils serve as essential ingredients in a wide range of food products, from baked goods to processed snacks. With the growing demand for packaged and convenience foods, there is a continuous need for vegetable oils in food processing. This expanding food industry, along with the increasing consumption of ready-to-eat meals and snacks, is contributing significantly to the growth of the vegetable oil market.

โ€ข Sustainability and Environmental Concerns:

Sustainability and environmental consciousness are becoming increasingly influential factors in the vegetable oil market's growth. Presently, there is a heightened awareness of the environmental impact of palm oil production, leading to a shift towards more sustainable practices. Consumers and businesses are demanding responsibly sourced and certified sustainable vegetable oils, which has prompted changes in the supply chain and production methods. As the vegetable oil industry adapts to meet these sustainability requirements, it is contributing to its continued growth while addressing environmental concerns.

Vegetable Oil Market Report Segmentation:

Breakup By Oil Type:

โ€ข Palm Oil
โ€ข Soybean Oil
โ€ข Sunflower Oil
โ€ข Canola Oil
โ€ข Coconut Oil
โ€ข Palm Kernel Oil

By oil type, palm oil represented the largest segment due to its cost-effectiveness, high yield per hectare, and versatile applications in both food and non-food industries.

Breakup By Application:

โ€ข Food Industry
โ€ข Biofuels
โ€ข Others

By application, food industry represented the largest segment, driven by their widespread use in cooking, food processing, and as ingredients in various food products.

Breakup By Regional Insights:

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

Region wise, China emerged as the largest market attributed to its large population, rapidly growing food industry, and increasing consumer preference for vegetable oil-based products.

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐žs: https://www.imarcgroup.com/request?type=report&id=610&flag=C

Global Vegetable Oil Market Trends:

The increasing health consciousness among consumers has led to a shift towards healthier cooking oils, such as olive oil and canola oil, driving demand. Additionally, the burgeoning food industry, coupled with the rise in quick-service restaurants, is amplifying the need for vegetable oils in food preparation and processing. Furthermore, the expanding global population and urbanization are increasing the consumption of packaged and convenience foods, boosting the demand for vegetable oils. Furthermore, the renewable and sustainable nature of vegetable oils aligns with the growing environmental awareness, contributing to the market growth.

Leading Companies Operating in the Global Vegetable Oil Industry:

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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

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.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐—ฆ:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vegetable Oil Market Latest Trends [2024-2032] | Global Demand and Forecast Report by IMARC Group here

News-ID: 3381694 • Views: โ€ฆ

More Releases from IMARC Group

Global Plywood Market Size, Share, Industry Overview, Latest Insights and Forecast 2025-2033
Global Plywood Market Size, Share, Industry Overview, Latest Insights and Foreca โ€ฆ
IMARC Group, a leading market research company, has recently releases a report titled "Plywood Market Size, Share, Trends and Forecast by Residential and Commercial Application, New Construction and Replacement Sector, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the global plywood market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Plywoodโ€ฆ
Mattress Market Size, Share, Industry Trends, Growth and Forecast 2025-2033
Mattress Market Size, Share, Industry Trends, Growth and Forecast 2025-2033
IMARC Group, a leading market research company, has recently releases a report titled "Mattress Market Report by Product (Innerspring Mattresses, Memory Foam Mattresses, Latex Mattresses, and Others), Distribution Channel (Online Distribution, Offline Distribution), Size (Twin or Single Size, Twin XL Size, Full or Double Size, Queen Size, King Size Mattress, and Others), Application (Domestic, Commercial), and Region 2025-2033." The study provides a detailed analysis of the industry, including the globalโ€ฆ
Global Apixaban Prices Q2 2025: Chart, Analysis & Forecast
Global Apixaban Prices Q2 2025: Chart, Analysis & Forecast
North America Apixaban Prices Movement Q2: Apixaban Prices in USA: In Q2 2025, apixaban prices in the USA reached 44,617 USD/MT in June. Prices rose steadily, supported by consistent demand for cardiovascular therapies, higher API production and compliance costs, and stable healthcare utilization. Generics moderated volatility, yet firm supply chains and sustained consumption maintained a controlled, input cost-driven price increase. Get the Real-Time Prices Analysis: https://www.imarcgroup.com/apixaban-pricing-report/requestsample Note: The analysis can be tailored to alignโ€ฆ
Global Nitrobenzene Prices Q1 2025: Chart, Analysis & Forecast
Global Nitrobenzene Prices Q1 2025: Chart, Analysis & Forecast
North America Nitrobenzene Prices Movement Q1: Nitrobenzene Prices in USA: In Q1 2025, nitrobenzene prices in the USA reached 1,450 USD/MT in March. Firm demand from aniline and MDI sectors supported prices, while harsh winter weather disrupted production and logistics. Tight benzene availability, caused by refinery fluctuations, added upstream cost pressures, straining supply chains and shaping overall market dynamics. Get the Real-Time Prices Analysis: https://www.imarcgroup.com/nitrobenzene-pricing-report/requestsample Note: The analysis can be tailored to align withโ€ฆ

All 5 Releases


More Releases for Oil

Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil โ€ฆ
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, andย passenger automobiles.ย Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period. Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021โ€ฆ
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New โ€ฆ
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. Theโ€ฆ
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar โ€ฆ
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis isโ€ฆ
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028. Glance our 200 slides market research and competitive intelligence research report,โ€ฆ
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nuttyโ€ฆ
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic โ€ฆ
Sustainable Palm Oil Market The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants.ย The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,โ€ฆ