According to a new report by Expert Market Research, the global vegetable oil market reached a volume of 203 Million Tons in 2018 and is further expected to reach 262 Million Tons by 2024.
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Vegetable oil is a natural oil produced from plant materials such as soy bean, palm fruit, rapeseed, cotton seed, sunflower seed, coconut, maize, etc. At fairly low temperature, it usually remains liquid and mostly comes in a light yellow colour with mild, bearable odour. It has a plethora of benefits as it reduces the risk of cardiovascular diseases, improves metabolism and digestion, lowers chances of breast cancer, and provides balanced and healthy ratio of omega-6 and omega-3 fatty acids.
Vegetable oil is used as a cooking medium for frying, as a salad dressing or as shortening agent in baking. It also has non-food uses in products like cosmetics, greases, lubricants, candles, and soaps and detergents. Another recent non-food use of vegetable oil is in the biofuel industry as a feedstock in the production of biodiesel and as an alternative to mineral oil for use in power stations.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/vegetable-oil-market-report
Market breakup by End-use:
1. Food
2. Industrial
3. Biofuel
Market breakup by Vegetable Oil Type:
1. Palm Oil
2. Soybean Oil
3. Canola Oil
4. Sunflower Oil
5. Coconut Oil
Market Breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Top players:
1. Cargill
2. ADM
3. Louis Dreyfus
4. Bunge
5. Wilmar
Related Reports:
Brazil Palm Oil Market: https://www.expertmarketresearch.com/reports/brazil-palm-oil-market
Latin America Vegetable Oil Market: https://www.expertmarketresearch.com/reports/latin-america-vegetable-oil-market
Latin America Palm Oil Market: https://www.expertmarketresearch.com/reports/latin-america-palm-oil-market
Palm Oil Market: https://www.expertmarketresearch.com/reports/palm-oil-market
Soybean Oil Market: https://www.expertmarketresearch.com/reports/soybean-oil-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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