The Major Drivers of the Global Vegetable Oil Market are:
- Surging use of vegetable oil in the food industry business as they pave a trans-fat free substitute.
- Growing demand for vegetable oils in the biofuel industry.
- Increasing health benefits of vegetable oils.
Based on types and countries, the market has been further divided. Out of the total vegetable oil consumption, the palm kernel oil largely influences the global vegetable oil market. Palm kernel oil is succeeded by Palm Oil, Soybean Oil and Olive Oil. In the year 2020, Vegetable Oil Industry was at USD 238.30 Billion, and it has grown from there year on year.
The food industry uses a major part of the total vegetable oil produced. The industrial usage and the bio-fuel industry succeed in the food industry. By country, China accounts for one of the big market contributing to the total global consumption of vegetable oil. The majority of the production volume share constitutes by Indonesia and China and is anticipated to continue its domination among the producing countries in the upcoming years. The leading industry players are Cargill, Archer Daniels Midland (ADM), Wilmar International Limited, Olam International Limited and Sime Darby Plantation Berhad.
COVID-19 Impact
There has been a noteworthy decline in the demand for vegetable oil on recital of the closure of hotels, restaurants, and catering services due to breakout of the coronavirus pandemic (COVID-19) and its resultant lockdowns. It has been projected that the global vegetable oil market will exhibit moderate growth during the next seven years.
This report titled “Global Vegetable Oil Market & Volume” by Type, Production, Import & Export (Oil, Coconut, Oil Cottonseed, Oil Olive, Oil Palm, Oil Palm Kernel, Oil Peanut, Oil Rapeseed, Oil Soybean, Oil Sunflower seed), Consumption (China, European Union, India, Indonesia, United States, Brazil, Malaysia, Thailand, Japan), Production (Indonesia, China, Malaysia, European Union, United States, Brazil, Other), Import (India, China, European Union, United States, Malaysia, South Korea, Other) Export Country (Indonesia, Malaysia, Russia, Canada, European Union, Other), Company (Cargill, Archer Daniels Midland (ADM), Wilmar International Limited, Olam International Limited, and Sime Darby Plantation Berhad).
By Type - Market & Volume breakup from 9 Viewpoints
1. Coconut Oil
2. Cottonseed Oil
3. Olive Oil
4. Palm Oil
5. Palm Kernel Oil
6. Peanut Oil
7. Rapeseed Oil
8. Soybean Oil
9. Sunflower Seed Oil
By Production - Volume breakup 9 Viewpoints
1. Coconut Oil
2. Cottonseed Oil
3. Olive Oil
4. Palm Oil
5. Palm Kernel Oil
6. Peanut Oil
7. Rapeseed Oil
8. Soybean Oil
9. Sunflower Seed Oil
By Import - Volume breakup 9 Viewpoints
1. Coconut Oil
2. Cottonseed Oil
3. Olive Oil
4. Palm Oil
5. Palm Kernel Oil
6. Peanut Oil
7. Rapeseed Oil
8. Soybean Oil
9. Sunflower Seed Oil
By Export - Volume breakup 9 Viewpoints
1. Coconut Oil
2. Cottonseed Oil
3. Olive Oil
4. Palm Oil
5. Palm Kernel Oil
6. Peanut Oil
7. Rapeseed Oil
8. Soybean Oil
9. Sunflower Seed Oil
By Consuming Country - Volume breakup from 10 Country
1. China
2. European Union
3. India
4. Indonesia
5. United States
6. Brazil
7. Malaysia
8. Thailand
9. Japan
10. Others
By Producing Country - Volume breakup from 7 Country
1. Indonesia
2. China
3. Malaysia
4. European Union
5. United States
6. Brazil
7. Other
By Importing Country - Volume breakup from 7 Country
1. India
2. China
3. European Union
4. United States
5. Malaysia
6. South Korea
7. Other
By Exporting Country - Volume breakup from 6 Country
1. Indonesia
2. Malaysia
3. Russia
4. Canada
5. European Union
6. Other
All the company analysis has been covered in the report from 3 viewpoints
- Overview
- Initiatives & Recent Developments
- Revenue
Company Analysis
- Cargill
- Archer Daniels Midland (ADM)
- Wilmar International Limited
- Sime Darby Plantation Berhad
- Olam International Limited
What is the estimated value of the Global Vegetable Oil Market?
What is the growth rate of the Global Vegetable Oil Market?
What is the forecasted size of the Global Vegetable Oil Market?
Who are the key companies in the Global Vegetable Oil Market?
| Report Attribute | Details |
|---|---|
| Published | February 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 238.3 Billion |
| Forecasted Market Value ( USD | $ 299.18 Billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- Cargill
- Archer Daniels Midland (ADM)
- Wilmar International Limited
- Sime Darby Plantation Berhad
- Olam International Limited
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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