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.

Vegetable Oil Market Trends

Health consciousness drives demand for healthier oils like olive and avocado while plant-based diets increase consumption. Global culinary exploration expands use in diverse cuisines and sustainable sourcing meets ethical demands. Technological advances enhance production efficiency. Economic development in emerging markets spurs demand.

 

Rising incomes drive vegetable oil market growth through increased demand for premium and health-focused oils. Evolving diets, with more health awareness and diverse cuisines, also boost the market, catering to consumer preferences and broadening product options.

 

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.*

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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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