Asia Pacific Vegetable Oil Market Size

Statistics for the 2023 & 2024 Asia Pacific Vegetable Oil market size, created by Mordor Intelligence™ Industry Reports. Asia Pacific Vegetable Oil size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia Pacific Vegetable Oil Industry

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Asia Pacific Vegetable Oil Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.19 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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APAC Vegetable Oils Market Analysis

Asia Pacific Vegetable Oil Market is projected to grow at a CAGR of 6.19% during the forecast period 2020-2025.

  • Asia-Pacific registers the highest growth, across the world, due to huge demand from the food and other industrial sectors, attributed by the increasing number of health-conscious consumers, rising population, and changing living standards, coupled with the presence of major palm oil-producing nations in the region.
  • The food industry held a major market share with the growing popularity of vegan diets. In addition, a number of oils are used as food supplements (or "nutraceuticals"), for their nutrient content or purported medicinal effect.

Asia Pacific Vegetable Oil Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)