Maximize Market Research, a global Food and Beverages market research firm has published a market research report on the “Edible Oil Market”. The Edible Oil Market size was valued at USD 122.31 Bn in 2023. The total Edible Oil Market revenue is expected to grow at a CAGR of 7.6 percent from 2024 to 2030, reaching USD 204.25 Bn during the forecast period.
Edible OilMarket Report Scope and Research Methodology
Market Size in 2023: USD 122.31 Billion
Market Size in 2030: USD 204.25 Billion
CAGR: 7.6 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 223
No. of Tables: 135
No. of Charts and Figures: 189
Segment Covered: By Types, By Packaging Types, By Distribution Channel
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
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Edible OilMarket Scope and Research Methodology
The report provides a comprehensive examination of the Edible Oil Market, including a competitive analysis that highlights company profiles, financial performance, product portfolios, and strategic initiatives of leading players in the sector. It also explores critical insights such as primary factors driving market growth, challenges faced by participants, and opportunities for global expansion. Additionally, the report offers an in-depth assessment of market players’ investments geared towards growing their presence on the international stage, making it an essential resource for investors seeking valuable market insights.
The report examines segmentst including By Types, By Packagaing Types, By Distribution Channel. Data collection employed by Secondary research methods, with Primary research serving to validate findings from the Secondary research. The size of the Edible Oil Market was determined using a bottom-up approach for estimation.
Edible Oil Market Overview
Edible vegetable oils, comprising about 96% triglycerides of plant origin such as olive, palm, soybean, canola, and sunflower oil, contain various fatty acids. They also include compounds like free fatty acids, phospholipids, phytosterols, tocopherols, and other antioxidants or waxes. These oils are vital for nutrition, serving as an energy source, forming membrane structures, regulating body temperature, and insulating organs. The study detailed parameters of edible oils, including consumer preferences and safety regulations across different countries, providing a comprehensive overview of their nutritional and functional significance.
Edible Oil Market Dynamics
Growing demand for organic edible oil and rapid growth and growth in the food sector is enhancing the growth of the edible oil market. Also, the emerging application of corn oil in industries is projected to provide immense market opportunities in the upcoming period. Canola oil is a healthier and cheaper alternative to olive oil because of its lowest fat content, around XX percent among all other type of edible oils. As a result of various benefits of edible oil, an increase in the demand for this oil ultimately drives the market growth. Frying is one of the most common methods of preparing meals and fast foods all around the world. Oil is used to fry food because it has the appropriate chemical composition for the right reactions to occur, resulting in delicious food. And hence, it growing the demand for the edible oil market. Globally, the consumption of fast food is increasing due to a multitude of reasons— lifestyles are evolving, the workforce sees a surge in female numbers and even food tastes are changing.
Edible Oil MarketRegional Analysis
Asia Pacific region is expected to dominate the Edible Oil Market during the forecast period. China held the largest market share in 2023 India has the world’s fourth biggest vegetable oil economy, harvesting over 25 million tonnes of oilseeds annually. China is the world’s largest consumer of edible oil, followed by Europe.
However North America is expected to account significant growth because of rising he changing lifestyle, food taste, increasing numbers of working women, etc. also increasing adoption of edible oil in the cosmetic and beauty product industry and the presence of major players in the US and Canada, etc.
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Edible Oil Market Segmentation
By Types
By Packaging Type
By Distribution Channel
Edible OilMarketkey players include
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key questions answered in the Edible Oil Market are:
Key Offerings:
Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:
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