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Global Polypropylene Copolymer Market – Growth, Share, Size, Analysis And Forecast 2017 To 2022
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Vegetable oil is used as a cooking medium for frying, as a salad dressing or as shortening agent in baking. It also has non-food uses in products like cosmetics, greases, lubricants, candles, and soaps and detergents. Another recent non-food use of vegetable oil is in the biofuel industry as a feedstock in the production of biodiesel and as an alternative to mineral oil for use in power stations. According to a new report by Expert Market Research, the global vegetable oil market reached a volume of 183 Million Tons in 2016 and is further expected to reach 242 Million Tons by 2022.
The production of vegetable oil witnessed a steady growth during 2009-2016. Introduction of the application of vegetable oil as biodiesel feedstock coupled with biofuel policies have led to an increase in its demand in the biofuel industry. Initiation of research and development by companies and governments has helped the manufacturers of vegetable oil in reducing the trans-fat content of the oil and improving yield. Moreover, rising population, growing demand in food sector, increasing disposable incomes, growing health consciousness among consumers along with a strong demand from emerging markets are some of the other factors that have facilitated the market growth.
Key findings from the report:
The major end-uses of vegetable oil include food, industrial and biofuel. In 2016, food represented the largest end-use segment with the majority of the market share.
There are several types of vegetable oil such as palm oil, soybean oil, canola oil, sunflower oil, coconut oil, etc.
Region-wise, Indonesia dominated the market with a share of more than a fifth of the total global production in 2016. It was followed by China, Malaysia, European Union, US, Argentina and Brazil.
The global vegetable oil market is surrounded by a number of players. Some of these players include Cargill, ADM, Louis Dreyfus, Bunge and Wilmar.
Read full report with TOC @ http://www.expertmarketresearch.com/reports/vegetable-oil-market
Expert Market Research has analysed the global vegetable oil market according to end-uses, major regions and top players:
Market breakup by End-use
Food
Industrial
Biofuel
Market breakup by Vegetable Oil Type
Palm Oil
Soybean Oil
Canola Oil
Sunflower Oil
Coconut Oil
Market breakup by Region
Indonesia
China
Malaysia
European Union
US
Argentina
Brazil
Top players
Cargill
ADM
Louis Dreyfus
Bunge
Wilmar
Browse more reports on food & beverage industry @ http://www.expertmarketresearch.com/categories/food-beverages-market-reports
About Expert Market Research
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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