Global Vegetable Oil Market - Growth, Trends and Forecasts (2019 - 2024)

PUBLISHED

MAR 2018

Global Vegetable Oil Market - Growth, Trends and Forecasts (2019 - 2024)

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Vegetable Oil Market

Market Insights

The market is estimated to be USD 176.38 billion in 2017 and expected to reach USD XX billion by 2023 at a CAGR of 4.92% during the forecast period 2018-2023.

Global Vegetable Oil Market Dynamics

Availability of broad range of products and wide application in food and industrial sector are driving the market. Developing markets are gaining the attention due to innovation in new flavors and healthy ingredients boost the consumption in the coming years. Growing demand for organic, healthy and natural products are also driving the market.  The vegetable oil market is expected to expand with the qualities such as low-fat, low-cholesterol, and low-calorie in the products.

Increasing demand for edible oils in developing countries like China and India, due to improving economies and population growth majorly drives growth in vegetable oil consumptionDemand for vegetable oils in the biofuel feedstock, rising health concerns on trans-fat, increasing consumption in the Asia-Pacific region and a robust demand for palm oil globally are also major contributors to the market. However, the growing volume presence of counterfeit markets and shrinking land area for oilseeds and oil crops, globally, is considered as a constraint for the vegetable oil market.

Market Segmentation Analysis

The vegetable oils market is segmented into palm oil, soybean oil, rapeseed oil, sunflower oil, peanut oil, olive oil and others like mustard oil, coconut oil, corn and cotton seed oil. Palm oil and soybean oil hold 32% and 28% market share respectively. Olive oil and rapeseed oil are the fastest growing due to rising demand for weight management and low-calorie oils. The major applications of the market are in the food, feed and industrial sectors. The food sector dominates the market with over 75% of the market share followed by the industrial sector.

Regional Analysis

Asia-Pacific holds the major market for vegetable oils and it is the second fastest growing region over the next few years, due to huge demand from the food sector, increasing health conscious consumers, rising population, and changing living standards. Europe is the second largest market due to the trend towards healthier lifestyles and technological developments.

Leaders in the Global Vegetable Oil Market

The major players in the market are

  • Archer Daniels Midland Company
  • ACH Food Companies
  • Bunge
  • Cargill Incorporated
  • ConAgra Foods Inc.
  • COFCO Limited
  • Dow Agro-Sciences LLC
  • DuPont
  • Willmar International Limited

Our report on Global Vegetable Oil Market covers the following:

  • MRO Market Trends & Dynamics
  • Latest News & aircraft repair operation developments
  • Porter’s Five Force Analysis
  • Investment Scope
  • Deep-Dive Insights

1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definition

2. Research Approach & Methodology

                2.1 Introduction

                2.2 Research Designs

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3 Market Engineering and Econometric Modelling

                                2.4.4 Expert Validation

3. Market Dynamics

                3.1 Drivers

                                3.1.1 Increasing Demand for Edible Oils in Developing Countries

                                3.1.2 Demand for Vegetable Oils in Biofuels Feedstock

                                3.1.3 Raising Health Concerns on Trans Fats

                                3.1.4 Robust Demand for Palm Oil

                3.2 Restraints

                                3.2.1 Presence of Substitute Markets

                                3.2.2 International Concerns over the Environmental Impacts of Palm Logging

                3.3 Opportunities

                                3.3.1 Growing Demand or Low-Calorie, Low-Fats and Low-Cholesterol Oils

                                3.3.2 Increasing Consumption in Asia-Pacific Region

                3.4 Porter's Five Forces Analyses

                                3.4.1 Bargaining Power of Suppliers

                                3.4.2 Bargaining Power of Buyers

                                3.4.3 Threat of New Entrants

                                3.4.4 Threat of Substitute Products and Services

                                3.4.5 Degree of Competition

4.  Market Segmentation

                4.1 By Type

                                4.1.1 Palm Oil

                                4.1.2 Soybean Oil

                                4.1.3 Rapeseed Oil (Canola)

                                4.1.4 Sunflower Oil

                                4.1.5 Peanut Oil

                                4.1.6 Olive Oil

                                4.1.7 Others

                4.2 By Application

                                4.2.1 Food

                                4.2.2 Industrial

                                4.2.3 Feed

                4.3 By Geography

                                4.3.1 North America

                                                4.3.1.1 US

                                                4.3.1.2 Canada

                                                4.3.1.3 Mexico

                                                4.3.1.4 Others

                                4.3.2 Europe

                                                4.3.2.1 Germany

                                                4.3.2.2 UK

                                                4.3.2.3 France

                                                4.3.2.4 Spain

                                                4.3.2.5 Italy

                                                4.3.2.6 Russia

                                                4.3.2.7 Others

                                4.3.3 Asia-Pacific

                                                4.3.3.1 China

                                                4.3.3.2 India

                                                4.3.3.3 Japan

                                                4.3.3.4 Australia

                                                4.3.3.5 Others

                                4.3.4 South America

                                                4.3.4.1 Brazil

                                                4.3.4.2 Argentina

                                                4.3.4.3 Others

                                4.3.5 Africa

                                                4.3.5.1 South Africa

                                                4.3.5.2 Others

5. Competitive Landscape

                5.1 Most Adopted Strategies

                5.2 Most Active Companies

                5.3 Market Share Analysis

6.  Company Profiles

                6.1 Archer Daniels Midland Company

                6.2 ACH Food Companies

                6.3 Bunge North America Ltd.

                6.4 Beidahuang Group

                6.5 Richardson Oilseed Limited

                6.6 Carapelli Firenze S.P.A

                6.7 Cargill Incorporated

                6.8 Conagra Foods Inc.,

                6.9 COFCO Limited

                6.10 Chinatex Corporation

                6.11 Deoloe

                6.12 Dow Agro Sciences LLC

                6.13 Du Pont

                6.14 Golden Agri Resources

                6.15 J-Oils Mills Inc.

7. Appendix

                7.1 Abbreviations

                7.2 Sources

                7.3 Bibliography

                7.4 Disclaimer

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