North America Vegetable Oil Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.01 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Vegetable Oil Market Analysis
North America Vegetable Oil Market is projected to grow at a CAGR of 4.01% during the forecast period 2020-2025.
- In North America, the market is driven by robust demand for organic health-based products, with increased consumption among health-conscious consumers of high-quality edible oils /cooking oils and the growing demand from various application areas.
- 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.
North America Vegetable Oil Market Trends
This section covers the major market trends shaping the North America Vegetable Oil Market according to our research experts:
Growing Consumption of Olive Oil
In North America, the consumption of olive oil has almost doubled over the last 25 years. The growing demand for oil has been driven mainly due to its associated health benefits. The antioxidant effects of olive oil give the product a wide range of applications in the pharmaceutical industry. Olive oil is being used in the treatment of many chronic diseases. Furthermore, Italy, United States and Spain are the leading olive oil-importing countries, comprising 45.8% share of the global import. Whereas, Spain, Italy, and Tunisia are the prominent olive oil exporting companies accounting for 62.9% share in the global export.
United States holds the Largest Market Share
According to the USDA report, the United States is the leading producer of soybean oil after China. During 2018-2019, the country produced 10,975 thousand metric ton of soybean oil, from which 881 thousand metric ton was exported to other regions. Moreover, domestic consumption was led by the strong demand for soybean oil for fuel applications, thereby, accounting 10,659 thousand metric ton, in terms of consumption value. Thus, this restricted the export value of the product. Furthermore, in United States, the consumption of palm oil is low. However, manufacturers are investing in increasing the application in the country, owing to its lower price and wide application in the food and personal care segments.
North America Vegetable Oil Industry Overview
The major players of the market have a broad geographical presence and an extensive product portfolio to cater to numerous consumer demands. This factor assists the company to maintain a strong foothold in the market. Some of the major players are Cargill, Incorporated, Fuji Oil Holding Inc., Archer Daniels Midland Company, AGYDSA, Olam International Limited, Wilmar International Limited among others.
North America Vegetable Oil Market Leaders
Wilmar International Limited
Olam International Limited
Archer Daniels Midland Company
Fuji Oil Holding Inc.
Cargill, Incorporated
*Disclaimer: Major Players sorted in no particular order
North America Vegetable Oil Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Palm Oil
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5.1.2 Soybean Oil
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5.1.3 Rapeseed Oil
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5.1.4 Sunflower Oil
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5.1.5 Olive Oil
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5.1.6 Other Types
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5.2 By Application
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5.2.1 Food
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5.2.2 Feed
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5.2.3 Industrial
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5.3 By Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill, Incorporated
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6.4.2 Fuji Oil Holding Inc.
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6.4.3 Archer Daniels Midland Company
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6.4.4 AGYDSA
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6.4.5 Ragasa - Derechos Reservados
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6.4.6 Bunge Limited
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6.4.7 Olam International Limited
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6.4.8 Wilmar International Limited
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Vegetable Oil Industry Segmentation
The North America vegetable oil market is segmented by type, application, and geography. Based on type, the market is segmented into palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and other types. Based on application, the market studied is segmented into food, feed, and industrial. Based on geography, the regional analysis of the vegetable oil market is also being included in the report.
| By Type | |
| Palm Oil | |
| Soybean Oil | |
| Rapeseed Oil | |
| Sunflower Oil | |
| Olive Oil | |
| Other Types |
| By Application | |
| Food | |
| Feed | |
| Industrial |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Vegetable Oil Market Research FAQs
What is the current North America Vegetable Oil Market size?
The North America Vegetable Oil Market is projected to register a CAGR of 4.01% during the forecast period (2024-2029)
Who are the key players in North America Vegetable Oil Market?
Wilmar International Limited, Olam International Limited, Archer Daniels Midland Company , Fuji Oil Holding Inc. and Cargill, Incorporated are the major companies operating in the North America Vegetable Oil Market.
What years does this North America Vegetable Oil Market cover?
The report covers the North America Vegetable Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Vegetable Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
NA Vegetable Oil Industry Report
Statistics for the 2024 NA Vegetable Oil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NA Vegetable Oil analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
