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Global Vegetable Oil Market to Grow at a CAGR of 3.1% During 2024-2032, Aided by Increasing Industrial Uses of Vegetable Oils

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Global Vegetable Oil Market Size, Share, Trends, Forecast: By Oil Type: Palm Oil, Soybean Oil, Sunflower Oil, Olive Oil, Canola Oil, Coconut Oil, Others; By Application: Food, Feed, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Vegetable Oil Market Growth

Vegetable oils, derived from natural sources like seeds, nuts, and fruits, have widespread applications across various sectors, including food, household, and personal care. They are nutrient-rich and commonly used for cooking, as well as in margarine, non-dairy creamers, and ice cream.

Additionally, they serve as substitutes for animal fats. In non-food industries, vegetable oils are utilized in making soaps, detergents, lubricants, greases, and candles. Moreover, biofuel is emerging as an important application area for these oils. According to the data from the Open Government Data (OGD) Platform India, India imported 1,42,78,156 tonnes of edible oil globally in 2021-22 from 1,35,40,007 tonnes in 2020-21.

Vegetable Oil Market Report Snapshots

Vegetable Oil Market Size

Vegetable Oil Market Growth

Vegetable Oil Market Trends

Vegetable Oil Market Share

Vegetable Oil Market Analysis

Vegetable Oil Manufacturers

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.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Vegetable Oil Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Vegetable Oil Historical Market (2018-2023)
   8.3   Global Vegetable Oil Market Forecast (2024-2032)
   8.4   Global Vegetable Oil Market by Oil Type
       8.4.1   Palm Oil
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Soyabean Oil
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
       8.4.3   Sunflower Oil
           8.4.3.1   Historical Trend (2018-2023)
           8.4.3.2   Forecast Trend (2024-2032)
       8.4.4   Olive Oil
           8.4.4.1   Historical Trend (2018-2023)
           8.4.4.2   Forecast Trend (2024-2032)
       8.4.5   Canola Oil
           8.4.5.1   Historical Trend (2018-2023)
           8.4.5.2   Forecast Trend (2024-2032)
       8.4.6   Coconut Oil
           8.4.6.1   Market Share
           8.4.6.2   Historical Trend (2018-2023)
           8.4.6.3   Forecast Trend (2024-2032)
       8.4.7   Others
   8.5   Global Vegetable Oil Market by Application
       8.5.1   Food
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Feed
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Industrial
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
   8.6   Global Vegetable Oil Market by Region
       8.6.1   North America
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Europe
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1   Historical Trend (2018-2023)
           8.6.4.2   Forecast Trend (2024-2032)
       8.6.5   Middle East and Africa
           8.6.5.1   Historical Trend (2018-2023)
           8.6.5.2   Forecast Trend (2024-2032)
9   North America Vegetable Oil Market Analysis
   9.1   Market by Oil Type
   9.2   Market by Application
   9.3   Market by Country
       9.3.1   United States of America
           9.3.1.1   Historical Trend (2018-2023)
           9.3.1.2   Forecast Trend (2024-2032)
       9.3.2   Canada
           9.3.2.1   Historical Trend (2018-2023)
           9.3.2.2   Forecast Trend (2024-2032)
10   Europe Vegetable Oil Market Analysis
   10.1   Market by Oil Type
   10.2   Market by Application
   10.3   Market by Country
       10.3.1   United Kingdom
           10.3.1.1   Historical Trend (2018-2023)
           10.3.1.2   Forecast Trend (2024-2032)
       10.3.2   Germany
           10.3.2.1   Historical Trend (2018-2023)
           10.3.2.2   Forecast Trend (2024-2032)
       10.3.3   France
           10.3.3.1   Historical Trend (2018-2023)
           10.3.3.2   Forecast Trend (2024-2032)
       10.3.4   Italy
           10.3.4.1   Historical Trend (2018-2023)
           10.3.4.2   Forecast Trend (2024-2032)
       10.3.5   Others
11   Asia Pacific Vegetable Oil Market Analysis
   11.1   Market by Oil Type
   11.2   Market by Application
   11.3   Market by Country
       11.3.1   China
           11.3.1.1   Historical Trend (2018-2023)
           11.3.1.2   Forecast Trend (2024-2032)
       11.3.2   Japan
           11.3.2.1   Historical Trend (2018-2023)
           11.3.2.2   Forecast Trend (2024-2032)
       11.3.3   India
           11.3.3.1   Historical Trend (2018-2023)
           11.3.3.2   Forecast Trend (2024-2032)
       11.3.4   ASEAN
           11.3.4.1   Historical Trend (2018-2023)
           11.3.4.2   Forecast Trend (2024-2032)
       11.3.5   South Korea
           11.3.5.1   Historical Trend (2018-2023)
           11.3.5.2   Forecast Trend (2024-2032)
       11.3.6   Australia
           11.3.6.1   Historical Trend (2018-2023)
           11.3.6.2   Forecast Trend (2024-2032)
       11.3.7   Others
12   Latin America Vegetable Oil Market Analysis
   12.1   Market by Oil Type
   12.2   Market by Application
   12.3   Market by Country
       12.3.1   Brazil
           12.3.1.1   Historical Trend (2018-2023)
           12.3.1.2   Forecast Trend (2024-2032)
       12.3.2   Argentina
           12.3.2.1   Historical Trend (2018-2023)
           12.3.2.2   Forecast Trend (2024-2032)
       12.3.3   Mexico
           12.3.3.1   Historical Trend (2018-2023)
           12.3.3.2   Forecast Trend (2024-2032)
       12.3.4   Others
13   Middle East and Africa Vegetable Oil Market Analysis
   13.1   Market by Oil Type
   13.2   Market by Application
   13.3   Market by Country
       13.3.1   Saudi Arabia
           13.3.1.1   Historical Trend (2018-2023)
           13.3.1.2   Forecast Trend (2024-2032)
       13.3.2   United Arab Emirates
           13.3.2.1   Historical Trend (2018-2023)
           13.3.2.2   Forecast Trend (2024-2032)
       13.3.3   Nigeria
           13.3.3.1   Historical Trend (2018-2023)
           13.3.3.2   Forecast Trend (2024-2032)
       13.3.4   South Africa
           13.3.4.1   Historical Trend (2018-2023)
           13.3.4.2   Forecast Trend (2024-2032)
       13.3.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Trade Data Analysis
   16.1   Major Importing Countries
       16.1.1   By Volume
       16.1.2   By Value
   16.2   Major Exporting Countries
       16.2.1   By Volume
       16.2.2   By Value
17   Price Analysis
   17.1   North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
   17.2   Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
   17.3   Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
   17.4   Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
   17.5   Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18   Competitive Landscape
   18.1   Market Structure
   18.2   Company Profiles
       18.2.1   Cargill, Incorporated
           18.2.1.1   Company Overview
           18.2.1.2   Product Portfolio
           18.2.1.3   Demographic Reach and Achievements
           18.2.1.4   Certifications
       18.2.2   Archer Daniel Midland Company
           18.2.2.1   Company Overview
           18.2.2.2   Product Portfolio
           18.2.2.3   Demographic Reach and Achievements
           18.2.2.4   Certifications
       18.2.3   IOI Corporation Berhad (IOI)
           18.2.3.1   Company Overview
           18.2.3.2   Product Portfolio
           18.2.3.3   Demographic Reach and Achievements
           18.2.3.4   Certifications
       18.2.4   Fuji Oil Co., Ltd.
           18.2.4.1   Company Overview
           18.2.4.2   Product Portfolio
           18.2.4.3   Demographic Reach and Achievements
           18.2.4.4   Certifications
       18.2.5   Sime Darby Plantation Berhad
           18.2.5.1   Company Overview
           18.2.5.2   Product Portfolio
           18.2.5.3   Demographic Reach and Achievements
           18.2.5.4   Certifications
       18.2.6   Bunge Limited
           18.2.6.1   Company Overview
           18.2.6.2   Product Portfolio
           18.2.6.3   Demographic Reach and Achievements
           18.2.6.4   Certifications
       18.2.7   Wilmar International Limited
           18.2.7.1   Company Overview
           18.2.7.2   Product Portfolio
           18.2.7.3   Demographic Reach and Achievements
           18.2.7.4   Certifications
       18.2.8   Louis Dreyfus Company B.V.
           18.2.8.1   Company Overview
           18.2.8.2   Product Portfolio
           18.2.8.3   Demographic Reach and Achievements
           18.2.8.4   Certifications
       18.2.9   Conagra Brands, Inc
           18.2.9.1   Company Overview
           18.2.9.2   Product Portfolio
           18.2.9.3   Demographic Reach and Achievements
           18.2.9.4   Certifications
       18.2.10   Olam Group Limited
           18.2.10.1   Company Overview
           18.2.10.2   Product Portfolio
           18.2.10.3   Demographic Reach and Achievements
           18.2.10.4   Certifications
       18.2.11   Golden Agri-Resources (GAR)
           18.2.11.1   Company Overview
           18.2.11.2   Product Portfolio
           18.2.11.3   Demographic Reach and Achievements
           18.2.11.4   Certifications
       18.2.12   PT Astra Agro Lestari Tbk
           18.2.12.1   Company Overview
           18.2.12.2   Product Portfolio
           18.2.12.3   Demographic Reach and Achievements
           18.2.12.4   Certifications
       18.2.13   Others
19   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Vegetable Oil Market: Key Industry Highlights, 2018 and 2032
2.   Global Vegetable Oil Historical Market: Breakup by Oil Type (MMT), 2018-2023
3.   Global Vegetable Oil Market Forecast: Breakup by Oil Type (MMT), 2024-2032
4.   Global Vegetable Oil Historical Market: Breakup by Application (MMT), 2018-2023
5.   Global Vegetable Oil Market Forecast: Breakup by Application (MMT), 2024-2032
6.   Global Vegetable Oil Historical Market: Breakup by Region (MMT), 2018-2023
7.   Global Vegetable Oil Market Forecast: Breakup by Region (MMT), 2024-2032
8.   North America Vegetable Oil Historical Market: Breakup by Country (MMT), 2018-2023
9.   North America Vegetable Oil Market Forecast: Breakup by Country (MMT), 2024-2032
10.   Europe Vegetable Oil Historical Market: Breakup by Country (MMT), 2018-2023
11.   Europe Vegetable Oil Market Forecast: Breakup by Country (MMT), 2024-2032
12.   Asia Pacific Vegetable Oil Historical Market: Breakup by Country (MMT), 2018-2023
13.   Asia Pacific Vegetable Oil Market Forecast: Breakup by Country (MMT), 2024-2032
14.   Latin America Vegetable Oil Historical Market: Breakup by Country (MMT), 2018-2023
15.   Latin America Vegetable Oil Market Forecast: Breakup by Country (MMT), 2024-2032
16.   Middle East and Africa Vegetable Oil Historical Market: Breakup by Country (MMT), 2018-2023
17.   Middle East and Africa Vegetable Oil Market Forecast: Breakup by Country (MMT), 2024-2032
18.   Major Importing Countries by Volume
19.   Major Exporting Countries by Volume
20.   Major Importing Countries by Value
21.   Major Exporting Countries by Value
22.   North America Historical Price Trends and Forecast 2018-2032
23.   Europe Historical Price Trends and Forecast 2018-2032
24.   Asia Pacific Historical Price Trends and Forecast 2018-2032
25.   Latin America Historical Price Trends and Forecast 2018-2032
26.   Middle East and Africa Historical Price Trends and Forecast 2018-2032
27.   Global Vegetable Oil Market Structure

Key Questions Answered in the Report

What was the vegetable oil market value in 2023?

The market was valued at 219.88 MMT in 2023.

What is the growth rate of the vegetable oil market?

The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.

What is the market forecast for 2024-2032?

The revenue generated from the vegetable oil market is expected to reach 289.41 MMT in 2032.

What is the breakup of the market based on the oil type?

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.

Who are the key players in the global vegetable oil industry, according to the report?

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.

What is the breakup of the market according to the application?

Based on the application, the market is divided into food, feed, and industrial.

What is the market breakup by region?

The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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