Vegetable Oil Market Insight, Size, Revenue, Growth Opportunities, Competitive Analysis, Trends and Demand by 2024
The global vegetable oil market is driven by the thriving food and beverage industry, along with inflating disposable income levels and changing dietary patterns of the population.
(EMAILWIRE.COM, July 23, 2019 ) As per the latest report by IMARC Group, titled “Vegetable Oil Market Research Report and Forecast 2019-2024”, the global vegetable oil market size reached 203.9 Million Tons in 2018. Vegetable oil refers to natural oils that are obtained from oil-bearing seeds like corn, cottonseed, peanuts, sunflower, rapeseed, palm nuts and soybeans. These oils are composed of fat that remains in a liquid state at fairly low temperatures. They are characterized by a neutral to yellow color with a mild odor. They are a rich source of vitamin E; polyunsaturated, monounsaturated and saturated fats; and omega-3 and omega-6 fatty acids. As a result, their consumption aids in reducing the risk of cardiovascular diseases (CVDs), improving metabolism and regulating digestion. They are widely used in the preparation of bread, mayonnaise, potato chips, French fries, salad dressing, ice creams, and sandwich spreads.
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Global Vegetable Market Trends:
The thriving food and beverage industry is one of the key factors driving the market growth. This, coupled with the significant increase in the sales of convenience food, on account of factors including hectic schedules, inflating disposable income levels and changing dietary patterns, is also contributing to the product demand. Additionally, rising health consciousness amongst consumers has impelled the demand for natural and organic vegetable oils. Moreover, these oils are extensively used in the beauty and personal care industry as they form a vital component of various skincare and cosmetic products. Furthermore, they are an essential feedstock for the production of biofuels, which is further contributing to their demand from the fuel industry across the globe. Owing to these factors, the market has been anticipated to reach 242.8 Million Tons by 2024, expanding at a CAGR of 2.9% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/vegetable-oil-processing-plant
Insights on Market Segmentation:
Market by Oil Type:
1. Palm Oil
2. Soybean Oil
3. Sunflower Oil
4. Canola Oil
5. Coconut Oil
6. Palm Kernel Oil
Based on the oil type, palm oil represents the largest segment. Other major types of oil include soybean, sunflower, canola, coconut and palm kernel.
Market by Application:
1. Food Industry
2. Biofuels
3. Others
On the basis of the application, the market has been bifurcated into the food industry, biofuels and others. Amongst these, the food industry exhibits a clear dominance in the market.
Performance of Key Regions:
1. China
2. United States
3. India
4. Europe
5. Indonesia
6. Malaysia
7. Brazil
8. Others
On the geographical front, Indonesia holds the leading position in the market. This is due to the flourishing food and beverage industry across the region. Other major regions include the United States, India, Europe, China, Malaysia, Brazil and others.
Competitive Landscape:
The competitive landscape of the market has also been analyzed with the detailed profiles of the key player operating in the market. Some of these players include ADM, Bunge, Cargill, Louis Dreyfus and Willmar.
Browse similar reports by IMARC Group:
Corn Oil Market Research Report and Forecast: https://www.imarcgroup.com/corn-oil-market
Avocado Oil Market Research Report and Forecast: https://www.imarcgroup.com/avocado-oil-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Request For Free Sample Pdf Copy @ https://www.imarcgroup.com/vegetable-oil-processing-plant/requestsample
Global Vegetable Market Trends:
The thriving food and beverage industry is one of the key factors driving the market growth. This, coupled with the significant increase in the sales of convenience food, on account of factors including hectic schedules, inflating disposable income levels and changing dietary patterns, is also contributing to the product demand. Additionally, rising health consciousness amongst consumers has impelled the demand for natural and organic vegetable oils. Moreover, these oils are extensively used in the beauty and personal care industry as they form a vital component of various skincare and cosmetic products. Furthermore, they are an essential feedstock for the production of biofuels, which is further contributing to their demand from the fuel industry across the globe. Owing to these factors, the market has been anticipated to reach 242.8 Million Tons by 2024, expanding at a CAGR of 2.9% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/vegetable-oil-processing-plant
Insights on Market Segmentation:
Market by Oil Type:
1. Palm Oil
2. Soybean Oil
3. Sunflower Oil
4. Canola Oil
5. Coconut Oil
6. Palm Kernel Oil
Based on the oil type, palm oil represents the largest segment. Other major types of oil include soybean, sunflower, canola, coconut and palm kernel.
Market by Application:
1. Food Industry
2. Biofuels
3. Others
On the basis of the application, the market has been bifurcated into the food industry, biofuels and others. Amongst these, the food industry exhibits a clear dominance in the market.
Performance of Key Regions:
1. China
2. United States
3. India
4. Europe
5. Indonesia
6. Malaysia
7. Brazil
8. Others
On the geographical front, Indonesia holds the leading position in the market. This is due to the flourishing food and beverage industry across the region. Other major regions include the United States, India, Europe, China, Malaysia, Brazil and others.
Competitive Landscape:
The competitive landscape of the market has also been analyzed with the detailed profiles of the key player operating in the market. Some of these players include ADM, Bunge, Cargill, Louis Dreyfus and Willmar.
Browse similar reports by IMARC Group:
Corn Oil Market Research Report and Forecast: https://www.imarcgroup.com/corn-oil-market
Avocado Oil Market Research Report and Forecast: https://www.imarcgroup.com/avocado-oil-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Information:
IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
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IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results