Global Vegetable Oil Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Vegetable Oil Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types), Application (Food, Feed, and Industrial), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.