DUBLIN--(BUSINESS WIRE)--The "Vegetable Oil (Palm Oil, Canola Oil, Coconut Oil and Soybean Oil) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global vegetable oil market has grown at a CAGR of around 4% during 2010-2017 with consumption volumes reaching 192.9 Million Tons in 2017.
Traditionally, the non-food uses of vegetable oil have been in the manufacturing of soaps, detergents as well as in the production of greases, lubricants and candles. Lately, the biofuel market has provided a significant non-food use for vegetable oil where it is considered as an alternative to mineral oil for use in power stations and as a feedstock for the production of biodiesel. As a result, the global vegetable oil market is growing at a healthy pace.
Several other factors strengthening the demand for vegetable oil include population growth, improving living standards, changing dietary habits and an increasing demand particularly in emerging countries.
The report has segmented the market on the basis of types, applications and major regions. The global vegetable oil market is largely dominated by palm oil contributing around 34% of the total vegetable oil consumed. Palm oil is followed by soybean oil, canola oil, sunflower seed oil and coconut oil.
Based on applications, the majority of the total vegetable oil produced is consumed by the food industry. The food industry is followed by industrial Usage and the biofuel industry.
Region-wise, Indonesia represents the largest producer of vegetable oil accounting for nearly one-fifth of the total global production. Indonesia is followed by China, Malaysia and the European Union.
- Louis Dreyfus
Key Topics Covered
2 Research Methodology
3 Executive Summary
5 Global Vegetable Oil Industry
6 Performance of Key Regions
7 Market by Oil Type
8 Key Players
9 Key Market Drivers and Success Factors
10 Vegetable Oil Processing
11 Project Details, Requirements and Costs Involved
12 Loans and Financial Assistance
13 Project Economics
14 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/research/g3lsm5/global_vegetable?w=4