Market Overview

The Global Vegetable Oil Market was valued at USD 390,991.9 million in 2023 and is expected to reach USD 695,770.0 million by 2031 while growing at a CAGR of 7.5% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global vegetable oil market growth. Vegetable oil, extracted from diverse plant sources, is widely used in cooking, food preparation, and industry. A crucial dietary component, it serves various culinary purposes.

Increasing consumer awareness of health and nutrition, coupled with growing consumption in emerging markets, propels the vegetable oil market's growth. Despite this, challenges like health concerns, dietary shifts, and regulatory measures with labeling requirements could impede market expansion.

Furthermore, the global vegetable oil industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Vegetable Oil Market is segmented among Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types, based on Type. In 2023, Palm Oil accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Vegetable Oil Market is segmented among Food, Feed, and Industrial, based on Application. In 2023, Food accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Vegetable Oil Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Archer Daniels Midland Company, Sime Darby Plantation Berhad, Bunge Limited, Olam International Limited, Cargill Incorporated, Golden Agri-Resources, Kuala Lumpur Kepong Berhad, Fuji Oil Holding Inc., Wilmar International Limited, and PT Astra Agro Lestari Tbk.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Vegetable Oil Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Vegetable Oil Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Vegetable Oil Market Segmentation, By Type

• Global Vegetable Oil Market Share Analysis, By Type  

• Global Vegetable Oil Market Growth Analysis, By Type

• Global Vegetable Oil Market Trends, By Type

o   Palm Oil

o   Soybean Oil

o   Rapeseed Oil

o   Sunflower Oil

o   Olive Oil

o   Other Types

6. Global Vegetable Oil Market Segmentation, By Application

• Global Vegetable Oil Market Share Analysis, By Application

• Global Vegetable Oil Market Growth Analysis, By Application

• Global Vegetable Oil Market Trends, By Application

o   Food

o   Feed

o   Industrial

7. Global Vegetable Oil Market Segmentation, By Region

• Global Vegetable Oil Market Share Analysis, By Region

• Global Vegetable Oil Market Growth Analysis, By Region

• Global Vegetable Oil Market Trends, By Region

o   North America

o   Europe

o   Asia Pacific

o   Latin America

o  Middle East

o  Africa

8. Competitive Landscape

• Archer Daniels Midland Company*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Sime Darby Plantation Berhad

• Bunge Limited

• Olam International Limited

• Cargill Incorporated

• Golden Agri-Resources

• Kuala Lumpur Kepong Berhad

• Fuji Oil Holding Inc.

• Wilmar International Limited

• PT Astra Agro Lestari Tbk  

 *Similar analysis will be provided for each company listed above.