According to the latest report by IMARC Group, titled " Vegetable Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global vegetable oil market reached a value of US$ 232.3 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Vegetable oil refers to the natural oil obtained from various oil-bearing seeds like cottonseed, sunflower, soybeans, peanuts, palm nuts and fruits. It is a rich source of Vitamin E, A and B1, and Omega-3 and Omega-6 fatty acids. On account of its high nutritional value, vegetable oil is generally used as a cooking oil and as a constituent to margarine, non-dairy creamers, and ice-cream, and in the production of cosmetics, bactericides, and pharmaceuticals. It is also utilized in biofuel production as it is considered an effective alternative to mineral oil for use in power stations and feedstock to produce biodiesel.
Global Vegetable Oil Market Trends:
The global vegetable oil market is primarily driven by the increasing awareness of the health benefits offered by vegetable oils, such as reducing the risk of cardiovascular diseases, improving digestion and metabolism, lowering cholesterol levels, managing heart health, and providing nutrition. Apart from this, the affordable prices, easy availability, high viscosity, lower volatility and better pressure performance of vegetable oils have encouraged end users to shift toward these oils over mineral oils. Furthermore, the growing prevalence of lifestyle diseases and improving living standards have led to the changing dietary habits of consumers, especially health-conscious individuals. As a result, the key players have introduced minimally processed and organic vegetable oils, which is providing a significant impact on the market growth. Furthermore, governments of various countries are taking initiatives to promote bio-based products, such as vegetable oils, which help reduce the carbon emissions.
Vegetable Oil Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global 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:
- ADM
- Bunge
- Cargill
- Louis Dreyfus
- Willmar
Key Market Segmentation:
The report has segmented the global vegetable oil market on the basis of types of key regions, oil type and application.
Performance of Key Regions:
- China
- United States
- India
- Europe
- Indonesia
- Malaysia
- Brazil
- Others
Market by Oil Type:
- Palm Oil
- Soybean Oil
- Sunflower Oil
- Canola Oil
- Coconut Oil
- Palm Kernel Oil
Market by Application:
- Food Industry
- Biofuels
- Others
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/vegetable-oil-processing-plant
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
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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.
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