Vegetable Oil Market Global Insights, Size, Share, Growth, Comparative Analysis, Trend, Business Status and Forecast to 2023

Market Insight

Global Vegetable Oil Market has been segmented into Palm Oil, Soybean Oil, Canola Oil, Peanut Oil, Sunflower Oil, Olive Oil and others. The palm oil segment is expected to dominate the global vegetable oil market during the forecast period due to its several health benefits and affordable price. Consumption of palm oil helps improve vision, helps preventing cardiovascular Diseases, Rich in Antioxidants, and improves hair growth among others. Palm oil is rich in saturated fats and free of trans fats which is derived from the mesocarp (reddish pulp) of the fruit of the palms. Palm oil is highly used as a common cooking ingredient in the tropical belt of Africa, Southeast Asia and parts of Brazil. However, canola oil is expected to gain the fastest growth in the global vegetable oil market. Due to presence of essential omega-3 and omega-6 which helps in lowering bad cholesterol as well as important for brain development, canola oil is gaining increasing demand among the health conscious across the globe.

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Global Vegetable Oil Market has been divided, by Packaging Type, into Cans, Bottles, Pouches, and others. The bottles segment is expected to dominate the global vegetable oil market during the assessment period since bottles are available in several sizes, easy to carry, easy to store, and are cost-effective. The pouches segment is projected to record the highest CAGR as pouches offer ease of storage and usage and can be used as refill packs.

Key Players

Some of the key players in the Global Vegetable Oil Market are Marico Limited (India), Waitrose & Partners (UK), The J.M. Smucker Co. (US), Adani Wilmar Limited (India), The Manischewitz Company (US), Conagra Brands, Inc. (US), IFFCO (UAE), Unico (Canada), Woolworths Group Limited (Australia),  and Edible Oils Ltd. (UK)

Segmentation

The Global Vegetable Oil Market has been segmented based on product type, packaging type, distribution channel, and region.

By product type, the global vegetable oil market has been segregated into palm oil, soybean oil, canola oil, sunflower oil, peanut oil, olive oil, and others.

The global vegetable oil market has been classified as packaging type into cans, bottles, pouches, and others.

Regional Analysis

The global vegetable oil market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.

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