Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The "Vegetable Oils - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Vegetable Oils Market to Reach 315.1 Million Metric Tons by 2030
The global market for Vegetable Oils estimated at 215.4 Million Metric Tons in the year 2022, is projected to reach a revised size of 315.1 Million Metric Tons by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
The provided tables present an extensive analysis of palm, soybean, canola, sunflower & safflower, and other vegetable oils consumption across various geographic regions. They offer insights into historical consumption trends, current consumption figures, and future projections until 2030.
The report also provide data on different processing methods such as mechanical, hydrogenation, and other methods, as well as the utilization of vegetable oils in various sectors, including food, industrial, and biofuel applications. The analysis allows for a comprehensive understanding of the global vegetable oils market dynamics, regional variations, and growth prospects over a 16-year perspective.
Palm, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach 121.8 Million Metric Tons by the end of the analysis period. Growth in the Soybean segment is estimated at 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at 18 Million Metric Tons, While China is Forecast to Grow at 5.8% CAGR
The Vegetable Oils market in the U.S. is estimated at 18 Million Metric Tons in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 69.3 Million Metric Tons by the year 2030 trailing a CAGR of 5.8% over the analysis period 2022 to 2030.
In the United States, the vegetable oils market is marked by the dominance of soybean oil despite the popularity of alternative vegetable oils. Sustainable production practices are driving demand for palm oil, while olive oil sales benefit from their perceived health benefits.
In Canada and Japan, vegetable oils markets show varying levels of presence, and in China, a growing middle class's preference for nutrition and safety fuels consumption. Europe experiences wide regional variations, with a focus on sustainability and high-quality niche oils. India, with its diverse consumption patterns and wellness considerations, transitions from traditional oils to palm, sunflower, and soybean oil.
Asia-Pacific, including Australia, witnesses strong growth, particularly in palm oil-based biodiesel production. Indonesia and Malaysia remain key players in global palm oil production, with promising outlooks despite market constraints. South Korea and other Asian countries also contribute to the region's vegetable oils market landscape.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- An Overview of the Global Market for Vegetable Oils
- Market Highlights
- Key Challenges & Constraints
- Consumption in Asia-Pacific (including China) Augurs Well for Future Growth
- Per Capita Consumption (Kilograms) of Vegetable Oils by Region/Country: 2021E
- Production Landscape
- Oilseeds Production
- Global Oil Yield (Tons per Hectare) for Major Oilseed Crops
- Vegetable Oils Production
- World Vegetable Oils Production by Country/Region (2017 to 2022E): Breakdown of Volume Production (Million Metric Tons) for Indonesia, China, Malaysia, EU, United States, Argentina, Brazil, and Others
- Global Production of Major Vegetable Oils by Type (2017 to 2022E): Breakdown of Volume Production (Million Metric Tons) for Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, and Sunflowerseed Oil
- Palm Oil
- Soybean Oil
- Olive Oil Production
- Competitive Landscape
- Demand Increase Triggers Industry Consolidation
- Leading Vegetable Oil Companies Worldwide: 2020
- Competitive Scenario in the Palm Oil Market: Asian Producers Dominate the Market
- Ranking of Leading Producers of Sustainable Palm Oil
- Leading Palm Oil Traders with Zero Deforestation Commitment: Ranked in Order of Number of Zero Deforestation Policies Implemented
- Key Competitive Traits
- Recent Market Activity
- Vegetable Oils - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Food Industry: Most Important Application Market for Vegetable Oils
- Growing Preference for Healthy, Organic & Unprocessed Cooking Oils
- Growing Awareness about Saturated Fatty Acids & Omega-6 in Vegetable Oils
- Fatty Acid Profiles of Major Cooking Oils - Butter, Olive, Coconut, Palm, Safflower, Corn, Soybean, and Canola
- Growing Health Consciousness & Demand for Convenience Foods
- Rise of the Vegetarianism & Customization to Local Tastes
- Increasing Product Diversity & Broad Range of New Options
- Vegetable Oil Companies Offering more Healthful Options amid the Pandemic
- Biofuels: The New Growth Avenue for Vegetable Oils
- Average Biofuel Yields of First Generation Feedstock
- Favorable Blend Mandates Set to Enhance Vegetable Oil Demand in Biofuel Sector
- Vegetable Oils Aim to Widen Role in Industrial Applications
- Established Role of Vegetable Oils in Personal Care Applications
- Palm Oil: Largest & Fastest Growing Product Segment
- Diverse Food and Non-Food Applications Lend Traction to Market Demand
- RSPO's Novel Initiatives Aim to Resolve Biodiversity & Sustainability Issues Prevalent in Palm Oil Industry
- Leading Producers of Palm Oil Worldwide: Approximate Percentage Share of Production of RSPO
- Increasing R&D Emphasis Elevates Prospects of Soybean Oil against Competing Oils
- New Generation Soya Bean Oil Formulations Come to the Fore
- Rising Adoption in Food Service Sector Boosts Uptake of Canola Oil
- Robust Image of Sunflower Oil as a Healthy Alternative to TFAs Spurs Demand
- Backed by Incredible Nutritional Benefits, Coconut Oil to Sustain Momentum
- Despite Being the Most Expensive of All Vegetable Oils, Olive Oil Continues to Experience High Demand
- Health and Environmental Benefits Promote Demand for Maize Oil
- Demographic Trends Strongly Favor Future Growth in World Vegetable Oil Market
- Despite Challenges, Global Vegetable Oil Refining Offers Lucrative Opportunities
- Innovations & Research Findings Strengthen Market Prospects
- Steady Proliferation of Technology for Boosting Oilseed & Vegetable Oil Output
- R&D Efforts Enable the Launch of Zero Trans-Fats Oils
- Ohio State University Study Reveals Potential Heart Health & Lowered Diabetes Risk Benefits of Vegetable Oils with High Linoleic Acid Levels
- Italian Researchers Identify Positive Effects of Extra Virgin Olive Oil on Meat Lipids Digestion
- Cargill & BASF Develop Canola Oil with Beneficial Omega-3 EPA and DHA
- Dow Rolls Out Omega-9 Sunflower Oil for Food Applications
- Steep Rise in Prices Emerges as a Major Challenge
- Rising Concerns Over GMO Contamination: A Major Issue
- Oils Derived from Non-Traditional Sources: An Emerging Threat
- Vegetable Oils: An Evolutionary Scan
- Chemical & Physical Properties of Vegetable Oils
- Vegetable Oils: Product Classification
- Edible Vegetable Oils: Production Process
- Processing Methods
FOCUS ON SELECT PLAYERS (Total 309 Featured)
- AAK AB
- ACH Food Companies, Inc.
- A.D. Gothong Manufacturing Corporation
- 3F Industries Ltd.
- Aceford Food Industry Pte., Ltd.
- Aceites Malaga SL
- Aceites Manzano SA
- Aceites Millas SA
- Aceites Vallejo (Emilio Vallejo S.A)
- Aceites Zarate SA
- Acesur Group
- Agarwal Industries Pvt., Ltd.
- Agricola Alimentare Pugliese Srl
- Agricola Le Serre Srl
- Aceitera General Deheza S.A
For more information about this report visit https://www.researchandmarkets.com/r/l5uk3w
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