Market Size of Asia Pacific Vegetable Oil Industry
| 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
*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.
