Vegetable Oils Market Size Analysis
Global Vegetable Oils market is registering increased sales owing to growing population and rise in disposable income. In the last few years, the competition in the industry has increased – creating favorable ecosystem for suppliers and putting manufacturers to focus on price based strategy.
Vegetable oil market size is estimated to be valued over US$ XX million in 2018 and will register a CAGR of 4.7% to create high revenue opportunity for industry players. The growth is forecasted to be slightly higher than historical growth (2010-2017) of 4.2%. The industry revenue will increase by 1.6X between 2018 and 2028. It is expected that the industry will witness incremental opportunity of US$ 119 million.
Global Vegetable Oil Market Drivers and Challenges
The net consumption of vegetable oils is increasing with upward trajectory growth. Though the conditions seem to be lucrative for most players, the industry is characterized by high market volatility including demand supply gap. As of 2018, the global vegetable oil market share is fragmented with presence of large number of regional players. The trend is quite common in developing regions of Asia Pacific.
High competiton in the market has led to players focusing on pricing strategy. As a result, the prices is highly regularized. Food manufacturers formulate their products based on technical characteristics of oil. This is expected to continue to boost the overall market scenario throughout the forecast period.
Global Vegetable Oils Market Size and Forecast: Regional Analysis
Globally, Asia Pacific will dominate the vegetable oil market share throughout the forecast period. The growth in the segment is driven by high sales in China and India. These two countries accounted for over 32% of total population in 2017. Rise in per capita income along with demand for flavored vegetable oils will continue to create market space for industry players. Growth will be further propelled by higher sales of processed foods in the region. Demand has increased to a level that India has to depend on import to meet domestic demand. The trend is likely to continue throughout the forecast period.
Global Vegetable Oils Market Size and Forecast: Competition Landscape
The industry is highly fragmented with presence of large number of regional players. Competition in food industry has drastically increased. AS such, players are focusing on enhancing distribution channel and partnership with local players to ensure long term growth. Some key Vegetable Oils market players are:
- ACH Foods Company Inc
- Carapelli Firenzi S.P.A
- Cargill Agricola S.A.
- Bunge North America Inc.
- Archer Daniel Midland Company
- ConAgra Foods Inc.
- CHS Inc.
- J-Oil Mills Inc.
- Chinatex Corporation
- Richardson Oilseed Ltd
- Palm Oil
- Sunflower Oil
- Rapeseed Oil
- Kernel Oil
By End-use Sector:
- Food Industry
- Cosmetic Industry
- Paints and Coatings
What Will You Discover in the Report?
- An in-depth analysis of the Vegetable Oils market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Vegetable Oils market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Vegetable Oils market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Vegetable Oils industry during the forecast period
- Who are the Vegetable Oils industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Vegetable Oils Industry Suppliers
- Vegetable Oils Industry Manufacturers
- Consultants and Analysts
Analyst access with Bekryl Market Analysts
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