DUBLIN–(BUSINESS WIRE)–The "Vegetable Oil Market – Growth, Trends and Forecasts (2020 – 2025)" report has been added to ResearchAndMarkets.com's offering.
The global vegetable oil market is projected to grow at a CAGR of 5.14% during the forecast period (2020 – 2025).
The market is driven by robust demand for organic health-based products, with increased consumption among health-conscious consumers of high-quality edible oils /cooking oils and the growing demand from various application areas.
Vegetable oils are finding their way into lubricants for industrial and transportation applications. Potential benefits include resource renewability and biodegradability, as well as providing satisfactory performance. Some applications where such oils are finding their niche include two stroke engines, chain saws, hydraulics, mold releases, open gears, and farming, mining, and forestry equipment. These oils have also proved to serve as excellent greases and fuels.
- Cargill, Incorporated
- Kerry Inc.
- Olam International
- Archer Daniels Midland Company
- Bunge North America, Inc.
- Richardson International Limited
- Dohler GmbH
Key Market Trends
Supportive policies on vegetable oil usage in various countries
EU's consumption of vegetable oil in biofuel has been largely driven by the Renewable Energy Directive (RED). This directive, established in 2009, requires 10% of the energy consumption in road and rail transport in 2020 to be from renewable sources. EU Member States (countries) are required to implement this target with national laws and incentives, such as blending mandates.
Palm oil contributes around 20% to the production of biodiesel (fatty acid methyl ester) and renewable diesel (hydrotreated vegetable oil) in the EU. The other major feedstocks for producing diesel substitutes are rapeseed, used in cooking oil and animal fats. The main policy promoting the use of biofuel in the United States is the Renewable Fuel Standard (RFS), which mandates the consumption of increasing volumes of biofuel each year.
Asia-Pacific Dominates the Market
Asia-Pacific registers as the dominant region across the globe and in Asia-Pacific; China holds the largest share of vegetable oil consumption, as well as production. Though the production volume is high, consumption exceeds production, resulting in higher import volumes when compared to export volumes. China is an import-oriented country. The Chinese vegetable oil market majorly encompasses palm oil, soybean, rapeseed, peanut, sunflower oil, and olive oil. Over the past five years, soybean and palm oil had the largest shares in the Chinese vegetable oil market. Wilmar International Ltd (Yihai Kerry), Cofco Corporation, and Xiwang Food are some of the major edible vegetable oil companies operating in the Chinese market.
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Palm Oil
5.1.2 Soybean Oil
5.1.3 Rapeseed Oil (Canola)
5.1.4 Sunflower Oil
5.1.5 Other Types
5.2 By Application
5.2.2 Dairy Products
5.2.4 Meat Products
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.3 Asia Pacific
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle East and Africa
220.127.116.11 South Africa
18.104.22.168 United Arab Emirates
22.214.171.124 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill, Incorporated
6.4.2 Kerry Inc.
6.4.3 Olam International
6.4.4 Archer Daniels Midland Company
6.4.5 Bunge North America, Inc.
6.4.6 Richardson International Limited
6.4.8 Dohler GmbH
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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