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Vegetable Oil Market, Global Outlook and Forecast 2023-2030

Vegetable Oil Market, Global Outlook and Forecast 2023-2030

  • Published on : 11 December 2023
  • Pages :121
  • Report Code:SMR-7873355

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Report overview

The global Vegetable Oil market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Vegetable Oil market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Vegetable Oil market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Vegetable Oil market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Vegetable oil is a natural oil that is extracted from the seeds, nuts and fruits of plants. It serves as a source of nutrients and industrial raw materials to mankind. Vegetable oil is today found in absolutely everything from food and household products, to make-up and cosmetics. In the food industry, vegetable oil is used as a cooking oil and as a constituent to margarine, shortening, non-dairy creamers and ice cream. It is also used in products where animal fats are deplorable on religious grounds. Moreover, the fatty acids derived from vegetable oil are also used in the production of cosmetics, bactericides and pharmaceuticals. Traditionally, the non-food uses of vegetable oil have been in the manufacturing of soaps, detergents as well as in the production of greases, lubricants and candles.
This report aims to provide a comprehensive presentation of the global market for Vegetable Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vegetable Oil. This report contains market size and forecasts of Vegetable Oil in global, including the following market information:

  • Global Vegetable Oil Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global Vegetable Oil Market Sales, 2018-2023, 2024-2030, (K MT)
  • Global top five Vegetable Oil companies in 2022 (%)

According to the report, one of the primary drivers in the market is increase in use of high-quality edible oils. Edible oil is mainly used for cooking purposes, and the rising health awareness among consumers has led to the need for high-quality edible oils. The cold-pressed oils are counted as high-quality oils as they are pressed at a lower temperature, which preserves the flavor and characteristics of the oil. Approximately 80% of edible oils are extracted from plant sources, and temperate oil seeds like peanut, rapeseed, and soybean constitute 60% of this. Various parameters are used to check the quality of these edible oils, including AV (Anisidine value), IV (iodine value), FFA (free fatty acids), and TFA (trans fatty acids). The fatty acid content in these oils limits their use as a cooking oil. However, olive oil, which is the healthiest oil because it has more monounsaturated fats, is being used increasingly.
We surveyed the Vegetable Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Vegetable Oil Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Vegetable Oil Market Segment Percentages, by Type, 2022 (%)
  • Palm Oil
  • Canola Oil
  • Coconut Oil
  • Soybean Oil
  • Others
Global Vegetable Oil Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Vegetable Oil Market Segment Percentages, by Application, 2022 (%)
  • Supermarket
  • Departmental Store
  • Grocery
  • Others
Global Vegetable Oil Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Vegetable Oil Market Segment Percentages, By Region and Country, 2022 (%)
  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies Vegetable Oil revenues in global market, 2018-2023 (Estimated), ($ millions)
  • Key companies Vegetable Oil revenues share in global market, 2022 (%)
  • Key companies Vegetable Oil sales in global market, 2018-2023 (Estimated), (K MT)
  • Key companies Vegetable Oil sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
  • Archer Daniels Midland
  • Bunge North America
  • Richardson Oilseed
  • Carapelli Firenze
  • Cargill
  • ConAgra Foods
  • COFCO
  • Deoleo
  • Dow AgroSciences
  • E.I. Du Pont De Nemours
  • Golden Agri-Resources
  • J-Oirumiruzu
  • IOI
  • Kuala Lumpur Kepong
  • Lam Soon
  • Marico
  • Oilseeds International
  • PT Astra Agro Lestari
  • Sime Darby Sdn
  • United Plantations
  • Wilmar International

Outline of Major Chapters:
Chapter 1: Introduces the definition of Vegetable Oil, market overview.
Chapter 2: Global Vegetable Oil market size in revenue and volume.
Chapter 3: Detailed analysis of Vegetable Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vegetable Oil in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Vegetable Oil capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.