Vegetable Oil Market Report: Trends, Forecast and Competitive Analysis to 2030

Vegetable Oil Trends and Forecast

The future of the global vegetable oil market looks promising with opportunities in the food, feed, and industrial markets. The global vegetable oil market is expected to reach an estimated $586 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are changing consumer preference for healthier oils and rising health consciousness among consumers.

A more than 150-page report is developed to help in your business decisions.

Vegetable Oils by Segment

The study includes a forecast for the global vegetable oil by type, application, and region.

Vegetable Oil Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Palm Oil
• Soybean Oil
• Rapeseed Oil
• Sunflower Oil
• Olive Oil
• Others

Vegetable Oil Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food
• Feed
• Industrial

Vegetable Oil Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Vegetable Oils Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vegetable oil companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vegetable oil companies profiled in this report include-

• Sime Darby Plantation Berhad
• Wilmar International
• Bunge
• Golden Agri-Resources
• Archer Daniels Midland Company

Vegetable Oil Market Insights

Lucintel forecasts that palm oil will remain the largest segment over the forecast period due to its increasing application in frying and baking and as an ingredient in processed foods like snacks and confectionery items.

Within this market, food will remain the largest segment as it is highly used as frying mediums due to their high smoke points and are also suitable for deep-frying items.

APAC will remain the largest region over the forecast period due to growing demand for better quality and diverse food products and rising health awareness among people.

Features of the Global Vegetable Oil Market

Market Size Estimates: Vegetable oil market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Vegetable oil market size by type, application, and region in terms of value ($B).

Regional Analysis: Vegetable oil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the vegetable oil market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vegetable oil market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the vegetable oil market size?

Answer: The global vegetable oil market is expected to reach an estimated $586 billion by 2030.

Q2. What is the growth forecast for vegetable oil market?

Answer: The global vegetable oil market is expected to grow with a CAGR of 7.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the vegetable oil market?

Answer: The major drivers for this market are changing consumer preference for healthier oils and rising health consciousness among consumers.

Q4. What are the major segments for vegetable oil market?

Answer: The future of the vegetable oil market looks promising with opportunities in the food, feed, and industrial markets.

Q5. Who are the key vegetable oil market companies?

Answer: Some of the key vegetable oil companies are as follows:

• Sime Darby Plantation Berhad
• Wilmar International
• Bunge
• Golden Agri-Resources
• Archer Daniels Midland Company

Q6. Which vegetable oil market segment will be the largest in future?

Answer: Lucintel forecasts that palm oil will remain the largest segment over the forecast period due to its increasing application in frying and baking and as an ingredient in processed foods like snacks and confectionery items.

Q7. In vegetable oil market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing demand for better quality and diverse food products and rising health awareness among people.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the vegetable oil market by type (palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and others), application (food, feed, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?