AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Vegetable Oil market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Vegetable Oil market to grow at a CAGR of %.
According to Analyst at AMA Research, the Global Vegetable Oil market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Demand for Vegetable Oils in Food Materials, Especially in Processed Foods and Increasing Consumption of Palm Oil.
Vegetable oils are extracted from vegetable sources such as fruits, nuts and seeds. These oils are mainly used for human consumption apart from medicinal use and biofuel generation. Out of all oil types, palm oil is expected to dominate the market share owing to its cost-effectiveness and versatility. Recently, consumers' inclination has been towards healthy oils which contain less trans fat and cholesterol. Amid growing health concerns, companies are focusing on processing vegetable oils which have a less adverse effect on health.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Vegetable Oil market by Type (Palm Oil, Soybean Oil, Canola Oil, Sunflower Oil and Others), by Application (Culinary Uses, Industrial Uses, Pet Food Additives, Fuel and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market