Worldwide Vegetable Oil Industry to 2027 – Players Include Cargill, Archer Daniels Midland and Wilmar International Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Vegetable Oil Market & Volume By Type, Production, Import & Export, Consumption, Production, Countries, Company Analysis, & Global Forecast” report has been added to ResearchAndMarkets.com’s offering.

The global Vegetable Oil Market is anticipated to grow to US$ 299.18 Billion by 2027. It is expected to grow with a CAGR of 3.30% from 2020 to 2027.

Vegetable oils are attained from legitimate sources like seeds, nuts, and fruits. They find extensive applications in a zone ranging from food to household and personal care zones. They are of rich nutrient origin and are used in cooking, non-dairy creamers, and ice-cream. They are being used as a substitute for animal fats. It is used to make soaps, detergents, lubricants, greases, and candles in case of non-food applications.

The expanding use of vegetable oil in food applications, prominently in blooming countries, aids the global market growth. The inclination in consumption of the economy is an outcome of the booming population, transposing diets, and higher standards of living. The further thrust to the market has been calculated by rising demand for its imports.

Company Analysis

• Cargill
• Archer Daniels Midland (ADM)
• Wilmar International Limited
• Sime Darby Plantation Berhad
• Olam International Limited

The Major Drivers of the Global Vegetable Oil Market are:

• Surging use of vegetable oil in the food industry business as they pave a trans-fat free substitute.
• Growing demand for vegetable oils in the biofuel industry.
• Increasing health benefits of vegetable oils.

Based on types and countries, the market has been further divided. Out of the total vegetable oil consumption, the palm kernel oil largely influences the global vegetable oil market. Palm kernel oil is succeeded by Palm Oil, Soybean Oil and Olive Oil. In the year 2020, Vegetable Oil Industry was at USD 238.30 Billion, and it has grown from there year on year.

The food industry uses a major part of the total vegetable oil produced. The industrial usage and the bio-fuel industry succeed in the food industry. By country, China accounts for one of the big market contributing to the total global consumption of vegetable oil. The majority of the production volume share constitutes by Indonesia and China and is anticipated to continue its domination among the producing countries in the upcoming years.

COVID-19 Impact

There has been a noteworthy decline in the demand for vegetable oil on recital of the closure of hotels, restaurants, and catering services due to breakout of the coronavirus pandemic (COVID-19) and its resultant lockdowns. It has been projected that the global vegetable oil market will exhibit moderate growth during the next seven years.

Key Topics Covered:

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Driver

4.2 Challenges

5. Global Vegetable Oil Market

6. Share Analysis

6.1 Market Share

6.1.1 By Consumption

6.2 Volume Share

6.2.1 By Production

6.2.2 By Imports

6.2.3 By Exports

7. Global Vegetable Oil Market & Volume

7.1 Coconut Oil

7.1.1 Market

7.1.2 Volume

7.2 Cottonseed Oil

7.2.1 Market

7.2.2 Volume

7.3 Olive Oil

7.3.1 Market

7.3.2 Volume

7.4 Palm Oil

7.4.1 Market

7.4.2 Volume

7.5 Palm Kernel Oil

7.5.1 Market

7.5.2 Volume

7.6 Peanut Oil

7.6.1 Market

7.6.2 Volume

7.7 Rapeseed Oil

7.7.1 Market

7.7.2 Volume

7.8 Soybean Oil

7.8.1 Market

7.8.2 Volume

7.9 Sunflower Seed Oil

7.9.1 Market

7.9.2 Volume

8. Production – Volume

8.1 Coconut Oil

8.2 Cottonseed Oil

8.3 Olive Oil

8.4 Palm Oil

8.5 Palm Kernel Oil

8.6 Peanut Oil

8.7 Rapeseed Oil

8.8 Soybean Oil

8.9 Sunflower Seed Oil

9. Import – Volume

9.1 Coconut Oil

9.2 Cottonseed Oil

9.3 Olive Oil

9.4 Palm Oil

9.5 Palm Kernel Oil

9.6 Peanut Oil

9.7 Rapeseed Oil

9.8 Soybean Oil

9.9 Sunflower Seed Oil

10. Export – Volume

10.1 Coconut Oil

10.2 Cottonseed Oil

10.3 Olive Oil

10.4 Palm Oil

10.5 Palm Kernel Oil

10.6 Peanut Oil

10.7 Rapeseed Oil

10.8 Soybean Oil

10.9 Sunflower Seed Oil

11. Consumption by Country

11.1 China

11.2 European Union

11.3 India

11.4 Indonesia

11.5 United States

11.6 Brazil

11.7 Malaysia

11.8 Thailand

11.9 Japan

11.10 Others

12. Production by Country

12.1 Indonesia

12.2 China

12.3 Malaysia

12.4 European Union

12.5 United States

12.6 Brazil

12.7 Other

13. Import by Country

13.1 India

13.2 China

13.3 European Union

13.4 United States

13.5 Malaysia

13.6 South Korea

13.7 Other

14. Export by Country

14.1 Indonesia

14.2 Malaysia

14.3 Russia

14.4 Canada

14.5 European Union

14.6 Other

15. Merger & Acquisitions

16. Company Analysis

For more information about this report visit https://www.researchandmarkets.com/r/8tzdx2

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