Vegetable Oil Market to Reach 242.8 Million Tons by 2024 - IMARC Group

1. Global Vegetable Oil Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical 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, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Vegetable Oil Market Overview: As per the latest report by IMARC Group, titled “Vegetable Oil (Palm Oil, Canola Oil, Coconut Oil and Soybean Oil) Market: Global Industry Trends, Share, Size, Growth, Opportunity 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. Global Vegetable Oil 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.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Million US$ in Million US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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. Request for a free sample report: https://www.imarcgroup.com/vegetable-oil-processing- plant/requestsample

5. Report Description and Highlights Report Description 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. Vegetable Oil Market Segmentation Market Segmentation by Oil Type • • • • • • Palm Oil Soybean Oil Sunflower Oil Canola Oil Coconut Oil 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. For more information, click here: https://www.imarcgroup.com/vegetable-oil-processing-plant

6. Report Description and Highlights Report Description Market Segmentation by Application • • • Food Industry Biofuels 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. Market Segmentation by Region • • • • • • • China United States India Europe Indonesia Malaysia Brazil

7. Report Description and Highlights Report Description • 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 examined with some of the key players. • • • • • ADM Bunge Cargill Louis Dreyfus Willmar

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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