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The global edible oil market size is anticipated to expand at a substantial CAGR during the forecast period, 2020u20132026. Additionally, the report offers latest trends, size, share, and industry overview.<br><br><br>
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Welcome To Dataintelo Edible Oil Market Size, Growth & Trends | Global Industry Report, 2026 The global edible oil market size is anticipated to expand at a substantial CAGR during the forecast period, 2020–2026 due to growth of the food industry and high demand for unrefined, unprocessed, healthy, natural, and organic vegetable oils. Vegetable oils have less calories, fat, and cholesterol; therefore, their demand is expected to be high due to growing health awareness among people across the globe. Edible oil is obtained from vegetables, fruits, and animals. It is used majorly to prepare food. Demand for soybean, palm, rapeseed, and sunflower edible oils is high among consumers. Additionally, oils such as almond oil, coconut oil, and peanut oil are used for making soaps and hair and skin care products. Almond oil is also used to manufacture hard candy, fondants, frostings, fudges, and chocolate shells. Vegetable oils are mixed in animal feed to increase their nutrition intake. Market Trends, Drivers, Restraints, and Opportunities: The edible oil market is expected to grow due to growth in health conscious consumers and high demand for fat-free and nutritious food. The growing popularity of rice bran oil, canola oil, olive oil, and soybean oil is expected to boost market growth. Prolonged use of certain types of edible oils can increase cholesterol, blood pressure, and vascular inflammation. This, in turn, is expected to hamper market growth. Strong economic growth and increasing disposable incomes are expected to create opportunities in the market. Furthermore, factors such as increasing globalization and urbanization have transformed the lifestyles of people, resulting in the rise in expenditure on food. This, in turn, is propelling the demand for edible oil.
Scope of the Report: The report on the edible oil market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report. Attributes Details Base year 2019 Historic data 2015–2019 Forecast period 2020–2026 North America, Asia Pacific, Europe, Latin America, and Middle East & Africa Regional scope Company share, market analysis and size, competitive landscape, growth factors and trends, and revenue forecast Report coverage Edible Oil Market Segment Insights: Edible oils are extensively used in households, which in turn, is fueling the growth of the segment Based on applications, the edible oil market has been classified as household use and commercial use. Edible oils are essential for healthy functioning of human life. They are used while preparing food, increasing its palatability, and improving its texture. Thus, edible oils form an important part of food expenditure in households. High use of vegetable oils in food, soaps, and products to drive segment growth On the basis of types, the market has been segmented into vegetable type, animal type, and others. The vegetable oil segment holds a large share of the market due to its extensive use in food preparations across the globe. Palm oil, peanut oil, canola oil, grape seed oil, olive oil, sunflower oil, and specialty blended oil are widely used as an important ingredient in various products such as soaps, skincare products, candles, perfumes, and cosmetic products. Vegetable oils are also used in the electrical industry as insulators.
Asia Pacific is expected to lead the global market, followed by North America, during the forecast period In terms of region, the global edible oil market has been segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to hold a large share in the global market share owing to economic growth in developing countries, rise in urbanization & industrialization, increase in population, and surging edible oil production are some major factors that are expected to boost the market in the region during the forecast period. Request Free Sample: https://dataintelo.com/request- sample/?reportId=130241 Competitive Landscape: Key players operating in edible oil market include Adani Group, Adams Group, Bunge Limited, ACH Food Companies, Inc., Ruchi, Marico, and others. These players engage in product launches, mergers & acquisitions, agreements, and partnerships to strengthen their geographical presence. Segments Covered in the Report: The global edible oil market has been classified on the basis of product types, applications, and regions. By Product Types Vegetable Type Animal Type Others By Applications Household Use
Commercial Use By Regions North America Asia Pacific Europe Latin America Middle East & Africa