Vegetable Oil Market Price 2020-2025 | Industry Trends, Growth, Report, Analysis and Forecast

Food & Beverages

Aug 17, 2020 (SUPER MARKET RESEARCH via COMTEX) — The new report by Expert Market Research titled, ‘Global Vegetable Oil Market Size, Share, Price, Trends, Report and Forecast 2020-2025′, gives an in-depth analysis of the global vegetable oil market, assessing the market based on its segments like oil types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2025)

  • Historical Market Size (2019): 207.7 Million Tons
  • Forecast CAGR (2020-2025): 3%
  • Forecast Market Size (2025): 248 Million Tons

Vegetable oil finds its use across multiple industries. The increasing use of vegetable oil in food applications, especially in emerging countries is driving the market forward. The rise in consumption levels can be linked to the growing population, changing diets, and higher standards of living. Vegetable oil is being rapidly used in making biofuels in the fuel market, owing to increasing regulatory favourability towards unconventional fuel sources. It can be directly used in a diesel vehicle in either modified or unmodified form. Vegetable oils are finding their way into lubricants for industrial and transportation applications. Potential benefits of the product include resource renewability and biodegradability, as well as providing satisfactory performance. These factors are expected to support the growth of the industry in the coming years.

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Industry Definition and Major Segments

Vegetable oils are derived from seeds, nuts, and fruits, and are extensively used in the personal care and household sectors for cosmetics and food purposes. They are widely used in cooking and frying food. They are also found in processed food products such as margarine, non-dairy creamers, and ice-cream as an alternative to animal fats. Vegetable oils are also used to produce non-food products such as soaps, detergents, lubricants, greases, and candles. They are also witnessing increasing use in biofuels.

Based on types of oil, palm oil leads the market. The other segments are:

  • Sunflower
  • Soybean
  • Canola
  • Coconut
  • Palm Kernel
  • Others

The major application sectors of vegetable oil in the industry include:

  • Food Industry
  • Biofuels
  • Others

The leading regions for vegetable oil are:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The rise in per capita income and changing lifestyles are the key factors propelling the growth of the vegetable oil market. As developing countries are shifting towards unconventional fuel sources, vegetable oil has quickly made its way into the fuel industry. Indonesia and Malaysia are the major markets for vegetable oil. The countries are expected to witness a per annum growth of 1.8% and 1.4%, respectively, over the forecast period. They are also the leading exporters of vegetable oil. In fact, a significant portion of the vegetable oil produced by Indonesia and Malaysia is currently being exported. Due to significant economic progress and regulatory favourability towards biofuel, the market is expected to grow further in the coming years.

Key Market Players

The major players in the market are Bunge Limited (NYSE: BG), ADM (NYSE: ADM), Cargill, Incorporated (INDEXDJX: .DJI), Wilmar International Ltd. (SGX: F34), and Louis Dreyfus Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 1: 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.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
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City: New York City
State: New York
Country: United States


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