The global vegetable oil market is dominated by Indonesia and Malaysia. The two countries are the largest producers and exporters of vegetable. They are expected to witness moderate growth in the forecast period. China and India, on the other hand, are the leading consumers of vegetable oil with food applications of vegetable oil in India projected to see an annual growth of 3.1% in the coming years. In India, the demand for vegetable oil surpasses the domestic production, and thus, the country is dependent on imports to meet the rising local demand. India is the largest importer of the oil, and the imports are expected to grow annually by 4.7% in the coming years. Currently, the country’s imports account for over 25% of the global imports of the agricultural commodity.
Get a Free Sample Report For Market Study - https://www.expertmarketresearch.com/request?type=report&id=84&flag=B
Indonesia and Malaysia along with Argentina, another leading market, export a significant proportion of their vegetable oil production. However, the exports from these countries are projected to witness a decline in the coming years due to a decrease in exports to the US and the EU along with an increase in domestic applications. The biodiesel sector is especially expected to contribute to the rise in the domestic demand in major markets with governments mandating the use of diesel with a biodiesel blend. While in Indonesia, diesel used by cars, railways, and power plants are required to be blended with 20% of domestically produced biofuel since 2018, Malaysia is in the process of switching to diesel blended with 10% palm biofuel since late 2018. In Argentina too, diesel is now blended with 10% biodiesel for agriculture and on-road applications, and producers of biodiesel are demanding that the percentage be increased to 12%. With vegetable oil being the primary feedstock for biodiesel, the increasing domestic use in major markets will aid the industry growth in the forecast period. The rising local use of vegetable oil might also aid in balancing the projected reductions in exports from EU amidst concerns about deforestation. Biofuel application for vegetable oil is expected to grow by 0.3% per annum in the forecast period driven by rising demand from emerging economies.
Market Analysis by Types, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
Cargill, Incorporated, Archer Daniels Midland Company, Louis Dreyfus Company, Bunge Limited, and Wilmar International Ltd, among others, are the key players in the global vegetable oil market as identified by the EMR report. The report offers a detailed look into their market share, capacity, and latest developments like capacity expansions, mergers and acquisitions, and plant turnarounds.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
EMR Business Solutions LLP
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"Global Vegetable Oil Market: By Type: Palm Oil, Soybean Oil, Canola Oil, Sunflower Oil, Coconut Oil; By End USe; By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); Competitive Landscape and Supplier Analysis"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global coriander oil market size is expected to grow at a CAGR of 10% in the forecast period of 2020-2025. Coriander oil has many beneficial properties, thus, improving end-user adoption. Coriande...
Brazil Palm Oil Market Report and Forecast 2020-2025
The global peanut oil market is expected to grow at a CAGR of 5% in the forecast period of 2020-2025. Peanut oil has an elevated smoke point compared to other cooking oils and is used for frying food....
The Latin America vegetable oil market is aided by the rising production of oilseed in countries like Argentina and Brazil. By 2027, Argentina is expected to account for about 11% of the global oilsee...
The global palm oil market attained a production volume of 82.7 million metric tonnes in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 3.6% to reach 10...