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Report Overview
The global vegetable oil market reached a value of approximately 219.88 MMT in 2023. The market is projected to grow at a CAGR of 3.10% between 2024 and 2032, reaching a value of around 289.41 MMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- As per the OGD platform India, India imported 12,45,957 tonnes of edible oil from Argentina by September 2022.
- According to the Eurostat, €19.8 billion of vegetable or animal oil and fats products have been imported into Europe in 2022.
- According to the NSW Government value of NSW oilseed production in 2022-23 has been estimated at $1.3 billion.
Leading Manufacturers in the Vegetable oil Market
The companies manages the marketing, processing, and distribution of grains, and oilseeds, specialises in plant-based food solutions, and bakery ingredients, as well as soy ingredients committed to integration and sustainability practices.
Cargill, Incorporated: Founded in 1865, with its headquarters in the United States, Cargill, Incorporated manages the marketing, processing, and distribution of grains, oilseeds, sugar, meat, other food products, and cotton.
Archer Daniel Midland Company: Founded in 1902, with its headquarters in the United States, is a prominent figure in human and animal nutrition globally, and leading force in agricultural origination and processing worldwide.
IOI Corporation Berhad (IOI): Founded in 1969, with its headquarters in Malaysia, IOI Corporation Berhad is a prominent international palm oil producer committed to integration and sustainability practices.
Fuji Oil Co., Ltd.: Founded in 1950, with its headquarters in Japan, Fuji Oil Co., Ltd. specialises in plant-based food solutions, and bakery ingredients, as well as soy ingredients.
Other global vegetable oil market key players are Sime Darby Plantation Berhad, Bunge Limited, Wilmar International Limited, Louis Dreyfus Company B.V., Conagra Brands, Inc, Olam Group Limited, Golden Agri-Resources (GAR), and PT Astra Agro Lestari Tbk among others.
Vegetable Oil Market Report Snapshots
Vegetable Oil Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at 219.88 MMT in 2023.
The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.
The revenue generated from the vegetable oil market is expected to reach 289.41 MMT in 2032.
The market is categorised according to the oil type, which includes palm oil, soyabean oil, sunflower oil, olive oil, canola oil, coconut oil, and others.
The market key players are Cargill, Incorporated, Archer Daniel Midland Company, IOI Corporation Berhad (IOI), Fuji Oil Co., Ltd., Sime Darby Plantation Berhad, Bunge Limited, Wilmar International Limited, Louis Dreyfus Company B.V., Conagra Brands, Inc, Olam Group Limited, Golden Agri-Resources (GAR), and PT Astra Agro Lestari Tbk among others.
Based on the application, the market is divided into food, feed, and industrial.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124