Global Vegetable Oil Market By Overview
Vegetable Oil Market was valued at US$ 228.2 Billion in 2024 and is projected to grow at a CAGR of 4.20% to reach US$ 331.8 Billion by 2034.
Vegetable oils are triglycerides extracted from seeds of rapeseed, soybean, corn, sunflower, safflower, etc. Vegetable oils are commonly used for preparation of processed food, salad dressing, mayo, and other conventional food products. There are various types of vegetable oils available in the market such as soybean oil, sesame oil, olive, coconut, sunflower oil, etc. Vegetable oils such as sunflower, almond are rich in vitamin E which is required for cell protection and development. Moreover, the fatty acids derived from vegetable oil are also used in the production of cosmetics, bactericides and pharmaceuticals. Traditionally, the non-food uses of vegetable oil have been in the manufacturing of soaps, detergents as well as in the production of greases, lubricants and candles. Vegetable oil in liquid state at room temperature.
The rising demand for vegetable oil from various end use industries such as food, and biofuel industries is a key factor driving growth of the global vegetable oil market. In addition, increasing use of vegetable oil in various areas such as fuel production, pharmaceuticals, and lubricants is a major factor expected to fuel growth of the global vegetable oil market over the forecast period. The increase in adoption of vegetable oil in production of shampoos, perfumes, etc. is a factor expected to boost growth of the global vegetable oil market over the forecast period. Further, vegetable oil such as rapeseed oil contains high amount of the toxic fatty acids, which is harmful to human body and high consumption of vegetable oil such as sunflower, soybean oil causes breast cancer and digestive diseases. These are key factors restraining growth of the global vegetable oil market. The population growth, improving living standards, and changing dietary habit leads to an increase in demand. The growing demand for organic, healthy and natural products are also driving the target market. In addition, higher consumption of vegetable oil leads to obesity which is expected to hamper growth of the global vegetable oil market over the forecast period.
The global vegetable oil market is segmented by type, by method, by application and by region. On the basis of type, the global vegetable oil market is sub segmented into palm oil, sunflower oil, soybean oil, rapeseed oil, olive oil. On the basis of method, the target market is sub segmented into mechanical extraction, solvent extraction, and hydrogenation. On the basis of application, the target market is divided into food, industrial, biofuel.
On the basis of region, the global vegetable oil market is further segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia-Pacific is expected to be the fastest growing region due to increase in demand from the food sector, increase in health-conscious consumers, rising population, and changing lifestyle. Europe is also expected to show a rise in global vegetable oil market due to the trend towards healthier lifestyles and technological developments.
The key operators for global vegetable oil market are ACH Food Companies Inc., Total S.A., Archer Daniels Midland Co., Bunge North America Inc., Richardson Oilseed Ltd., Carapelli Firenzi S.P.A, CHS Inc., Fuji Oil Company, Savola Group, Cargill Agricola S.A.
Global Vegetable Oil Market By Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Method
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Vegetable Oil Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Palm Oil
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Sunflower Oil
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Soybean Oil
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Rapeseed Oil
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Olive Oil
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Vegetable Oil Market, By Method, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Mechanical Extraction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Solvent Extraction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hydrogenation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Vegetable Oil Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Food
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Industrial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Biofuel
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Vegetable Oil Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- ACH Food Companies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Total S.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Archer Daniels Midland Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bunge North America Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Richardson Oilseed Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Carapelli Firenzi S.P.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CHS Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fuji Oil Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Savola Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cargill Agricola S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
Vegetable Oil Market accounted for 213.7 million metric tons in 2022 and is estimated to be 305.1 million metric tons by 2032 and is anticipated to register a CAGR of 3.4%.
The Vegetable Oil Market is segmented based on Type, Method, Application and Region.
The Vegetable Oil Market is driven by factors such as the increasing demand for cooking oils, the growth of the food and beverage industry, rising awareness of the health benefits of vegetable oils, and the versatile use of vegetable oils in various culinary applications.
concerns about the environmental impact of certain vegetable oil production methods, competition with alternative cooking oils, fluctuations in raw material prices, and potential health concerns related to high saturated fat content in some vegetable oils, acting as potential restraints for the Vegetable Oil Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Vegetable Oil Market, particularly due to the large consumption of cooking oils in countries like China and India. North America and Europe are also significant markets, driven by the demand for healthier cooking oil options.
The prominent players operating in the Vegetable Oil Market includes, ACH Food Companies Inc., Total S.A., Archer Daniels Midland Co., Bunge North America Inc., Richardson Oilseed Ltd., Carapelli Firenzi S.P.A, CHS Inc., Fuji Oil Company, Savola Group, Cargill Agricola S.A., and others.