This report titled “Edible Oils Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2029” offers strategic insights into the trends in edible oils market along with the market size and forecast for the duration 2019 to 2029. The said research study incorporates in-depth analysis of multiple market segments based on type and geographical distribution.

The global edible oils market is becoming increasingly competitive with growing new products by market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche products in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Asia Pacific and Europe. 

Based on type, the global edible oils market is categorized into palm oil, sunflower oil, soyabean oil, olive oil, corn oil, canola oil, and others. Market size and forecast for all the considered segmentation is presented in this report for the period 2019-2029 (US$ Mn) along with their respective CAGRs for the forecast period 2021-2029 (Value %).

On the basis of type, the edible oils market is categorized into following types:

• Palm Oil
• Sunflower Oil
• Soyabean Oil
• Olive Oil
• Corn Oil
• Canola Oil
• Others

The edible oils market is also segmented on the basis of type such as palm oil, sunflower oil, soyabean oil, olive oil, corn oil, canola oil, and others. Amongst this, palm oil segment contributed the highest share in the total revenue of edible oils market in 2020. It contributed more than 40% revenue share in the same year in the total edible oils market. The segment is expected to expand at a significant compound annual growth rate over the forecast period. The soyabean oil segment is anticipated to mark a robust CAGR over the forecast period due to rising demand for soyabean oil from various retail channels in different countries all over the world.

Rising awareness and health consciousness among people has intensified the growth of worldwide edible oils market. Apart from this, higher personal disposable income especially in developing countries has strengthened the purchasing power of households to spend on enhancing their health which has stimulated the demand for edible oils over the past few years. The global edible oils market has been categorized by geography which includes Europe, North America, Asia Pacific and Rest of the World (including Latin America and Middle East). Asia Pacific captured the highest market share in the total revenue of edible oils market in 2020. Asia Pacific accounted for more than 30% in global edible oils market in the same year. Consumer preferences for highly quality edible oil is likely to spur the growth of the region between 2021 and 2029. Rising per person consumption of edible oils in Latin America is expected to expand the growth of edible oils market in the region in terms of CAGR during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Edible Oils market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Edible Oils market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Edible Oils market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Edible Oils market?
• Which is the largest regional market for Edible Oils market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Edible Oils market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Edible Oils market worldwide?