Vegetable Oil Market Research Report, Share, Size, Trends, Forecast and Analysis of Key players 2026

According to IMARC Group’s latest report, titled “Vegetable Oil (Palm Oil, Canola Oil, Coconut Oil and Soybean 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.

Vegetable oil stands for natural oil extracted from the nuts, fruits of plants, seeds, etc. It is extensively adopted in the food and beverages sector for cooking and preparing margarine, non-dairy creamers, ice cream, etc. Vegetable oil also includes various essential nutrients, thereby finds numerous applications pertaining to household products, cosmetics, pharmaceuticals, etc. Some of the common non-food uses of vegetable oil comprise of the production of lubricants, candles, greases, soaps, detergents, etc. Furthermore, vegetable oil is also utilized in the biofuel sector as feedstock for biodiesel production as well as an alternative to mineral oil.

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The increasing consumer health awareness, wide product availability, and affordable prices of vegetable oil are some of the major factors driving the global market. Furthermore, the growing consumer awareness towards numerous health benefits offered by vegetable oil in improving digestion, enhancing metabolism, reducing the risk of cardiovascular diseases, etc., is also catalyzing the product demand. Moreover, the high prevalence of numerous lifestyle diseases, along with the changing consumer dietary habits, is also bolstering the adoption of vegetable oil-based margarine as a healthier alternative to butter. Besides this, the rising environmental concerns are further augmenting the usage of vegetable oils for manufacturing biofuel to reduce carbon footprints. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

• include Cargil

• ADM

• Louis Dreyfus

• Bunge

Market Segmentation:

Breakup by Type:

• Palm Oil

• Soybean Oil

• Sunflower Oil

• Canola Oil

• Coconut Oil

• Palm Kernel Oil

Breakup by Application:

• Food Industry

• Biofuels

• Others

Regional Insights:

• China

• United States

• India

• Europe

• Indonesia

• Malaysia

• Brazil

• Others

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Key highlights of the report:

• Market Performance (2015-2020)

• Market Outlook (2021-2026)

• Market 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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