Edible Oils Market Synopsis:
Edible Oils Market Size Was Valued at USD 230.12 Billion in 2023, and is Projected to Reach USD 353.94 Billion by 2032, Growing at a CAGR of 4.9% From 2024-2032.
The edible oils market is defined as the global industry for the production, processing and marketing of oil extracted from seeds, nuts, grains, fruits and other plant sources for food uses. The common seed oils include ground nut oil, soybean oil, linseed oil, palm oil, castor oil and others while the nut oils consist of the following; walnut oil, cashew nut oil and almond oil. The market involves a huge range of oils, all of which have different taste, nutritional value and uses.
Edible oils market is a growing and significant part of the global food market due to growing population and changing palate habits and wide usage in cooking. Edible oils are essential raw materials for all families, restaurants and industrial food processing companies. Because of the increasing awareness of people to their health, there is an increased market for oils with unsaturated fats like olive oil and canola oil.
The improvement of extraction and refining techniques have improved oil quality and as well as production, factors that have boosted the pace of the market. Also, with an increasing number of people adopting plant-c* Based on the survey, it is revealed that people consuming plant based food and vegan foods are growing by leap and bounds and this is going to help in the increased demand of other oils such as coconut and avocado oil. Consumers have also been concerned by sustainability issues, resulting in the rise of the market for oils from responsibly sourced and processed.
The market is divided broadly by types of oil such as palm oil, soybean oil, sunflower oil olive oil, canola oil, coconut oil and groundnut oil, and user-groups which are households, food services, and industrial users. While palm oil remains a favorite because of price and use, high value oils such as olive and avocado are also emerging in the market. The Asia-Pacific region dominates the market in terms of geography, backed up by high per capita usage and increased production units throughout Indonesia and other countries such as Malaysia.
Edible Oils Market Trend Analysis:
Growing Preference for Healthier Oils
- The global edible oils market has emerged into a new market where consumer knowledge on all aspects of health and wellness was becoming important and their preference shifted towards the ones containing higher health benefits. Light products that contain monounsaturated fats, such as olive oil, are preferred by customer groups aiming at healthier diets. Likewise the demand for some of the omega- 3fatty acid oils like canola and flax seed oil and the like.
- Trend is even more pronounced with the addition of such specialty oils as avocado and coconut oils which convey antioxidant capacity and possible health benefits. All these segments have benefited from effective and comprehensible health claims and endorsements from competent nutritionists and dietitians. To reflect the new label consciousness and a move toward those products which are least processed, brands are now offering organic as well as cold pressed oil variants to strengthen the healthier edible oil bandwagon.
Expansion in Emerging Markets
- The Asia and African continents are considered particularly promising for the edible oils industry among the countries of emerging markets. These regions have youngest population, growing at a fast pace, with increasing disposable income, observing urbanization and modifying their palate through more consumption of edible oils. Local governments are also focusing on financing weathervane agricultural development particularly in oilseeds to reduce importation.
- Due to advances in the organized retail business and e-business platforms, consumption of edible oils available in the current regions has risen manifold. This shift has enabled the multinational and local players to come up with more products to entered the market and take market share. In this respect, it can be seen that the local adaptation. of issue goods and services provide significant opportunities for growth in these emerging regions.
Edible Oils Market Segment Analysis:
Edible Oils Market is Segmented on the basis of Type, Packaging, Distribution Channel, End User, and Region.
By Type, Palm Oil segment is expected to dominate the market during the forecast period
- The edible oils market is quite vast and Palm oil takes the lion share because it is cheap, readily available and renounced in all forms of cooking and industrial uses. This is followed by Soyabean oil due to it’s usage in the household as well as in processed foods, especially amongst the American and Chinese populations. Premium pack is another market, with sunflower and olive oil which is healthy, being in high demand in European countries.
- Coconut & groundnut oil is used in specific segments as traditional meals in A-Pac region requires coconut & groundnut oil respectively. The ‘other’ category is made up of new generation oils such as avocado and flaxseed that are gradually finding market acceptance in niche, health conscious markets. The given market segmentation shows that the market is very useful and prosperous in satisfying different consumer needs.
By End User, Household segment expected to held the largest share
- B2C is the largest end user of the cooking oildue to increase in usage of the product in homes for cooking. Also, the increased interest in home cooking and baking in the past couple of years, more so the pandemic, has magnified this need. Other category is food and beverages, which mainly entails eateries such as restaurants and companies in catering services due to enhanced urbanization and high frequency of eating out.
- The industrial segment is greatly dominated by processed and packaged food, particularly edible oils used in the preparation of snacks, baked consumer products, and other convenience products. The need for this sector is moreover boosted by advanced technologies in enriched oils intended to improve nutrition content of processed food.
Edible Oils Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- Asia-Pacific controls the edible oil market on account of its high-caliber population, rising disposal income, and the populace’s tradition of using oil for cooking. Some of the world’s largest consumers are India and China, and the production is expected to grow continuously with demands from both urban and rural settings. The production sector is also well developed particularly in Indonesia and Malaysia through the production of palm oil.
- Branding awareness, a broad range of oils at reasonable prices together with the presence of major players assure Asia-Pacific’s leadership. New government policies to generate self-sufficiency of edible oil and reduce import have positively impacted the region to dominate the market.
Active Key Players in the Edible Oils Market:
- Wilmar International (Singapore)
- Cargill Inc. (United States)
- Archer Daniels Midland Company (ADM) (United States)
- Bunge Limited (United States)
- Associated British Foods plc (United Kingdom)
- Olam International (Singapore)
- Adani Wilmar (India)
- Ruchi Soya Industries Ltd. (India)
- Louis Dreyfus Company (Netherlands)
- Marico Limited (India)
- Kuala Lumpur Kepong Berhad (KLK) (Malaysia)
- IOI Corporation Berhad (Malaysia), and Other Active Players
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Global Edible Oils Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 230.12 Billion |
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Forecast Period 2024-32 CAGR: |
4.9% |
Market Size in 2032: |
USD 353.94 Billion |
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Segments Covered: |
By Type |
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By Packaging |
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By Distribution Channel |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Edible Oils Market by Type
4.1 Edible Oils Market Snapshot and Growth Engine
4.2 Edible Oils Market Overview
4.3 Palm Oil
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Palm Oil: Geographic Segmentation Analysis
4.4 Soybean Oil
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Soybean Oil: Geographic Segmentation Analysis
4.5 Sunflower Oil
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Sunflower Oil: Geographic Segmentation Analysis
4.6 Olive Oil
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Olive Oil: Geographic Segmentation Analysis
4.7 Canola Oil
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Canola Oil: Geographic Segmentation Analysis
4.8 Coconut Oil
4.8.1 Introduction and Market Overview
4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.8.3 Key Market Trends, Growth Factors and Opportunities
4.8.4 Coconut Oil: Geographic Segmentation Analysis
4.9 Groundnut Oil
4.9.1 Introduction and Market Overview
4.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.9.3 Key Market Trends, Growth Factors and Opportunities
4.9.4 Groundnut Oil: Geographic Segmentation Analysis
4.10 Others
4.10.1 Introduction and Market Overview
4.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.10.3 Key Market Trends, Growth Factors and Opportunities
4.10.4 Others : Geographic Segmentation Analysis
Chapter 5: Edible Oils Market by Packaging
5.1 Edible Oils Market Snapshot and Growth Engine
5.2 Edible Oils Market Overview
5.3 Bottles
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Bottles: Geographic Segmentation Analysis
5.4 Pouches
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Pouches: Geographic Segmentation Analysis
5.5 Cans
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Cans: Geographic Segmentation Analysis
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Geographic Segmentation Analysis
Chapter 6: Edible Oils Market by Distribution Channel
6.1 Edible Oils Market Snapshot and Growth Engine
6.2 Edible Oils Market Overview
6.3 Supers/Hypers
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Supers/Hypers: Geographic Segmentation Analysis
6.4 Convenience Stores
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Convenience Stores: Geographic Segmentation Analysis
6.5 Online Retail
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Online Retail: Geographic Segmentation Analysis
6.6 Specialty Stores
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Specialty Stores: Geographic Segmentation Analysis
6.7 Others
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Others: Geographic Segmentation Analysis
Chapter 7: Edible Oils Market by End User
7.1 Edible Oils Market Snapshot and Growth Engine
7.2 Edible Oils Market Overview
7.3 Household
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Household: Geographic Segmentation Analysis
7.4 Food Service
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Food Service: Geographic Segmentation Analysis
7.5 Industrial
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Industrial: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Edible Oils Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 WILMAR INTERNATIONAL (SINGAPORE)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 CARGILL INC. (UNITED STATES)
8.4 ARCHER DANIELS MIDLAND COMPANY (ADM) (UNITED STATES)
8.5 BUNGE LIMITED (UNITED STATES)
8.6 ASSOCIATED BRITISH FOODS PLC (UNITED KINGDOM)
8.7 OLAM INTERNATIONAL (SINGAPORE)
8.8 ADANI WILMAR (INDIA)
8.9 RUCHI SOYA INDUSTRIES LTD. (INDIA)
8.10 LOUIS DREYFUS COMPANY (NETHERLANDS)
8.11 MARICO LIMITED (INDIA)
8.12 KUALA LUMPUR KEPONG BERHAD (KLK) (MALAYSIA)
8.13 IOI CORPORATION BERHAD (MALAYSIA)
8.14 OTHER ACTIVE PLAYERS
Chapter 9: Global Edible Oils Market By Region
9.1 Overview
9.2. North America Edible Oils Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Type
9.2.4.1 Palm Oil
9.2.4.2 Soybean Oil
9.2.4.3 Sunflower Oil
9.2.4.4 Olive Oil
9.2.4.5 Canola Oil
9.2.4.6 Coconut Oil
9.2.4.7 Groundnut Oil
9.2.4.8 Others
9.2.5 Historic and Forecasted Market Size By Packaging
9.2.5.1 Bottles
9.2.5.2 Pouches
9.2.5.3 Cans
9.2.5.4 Others
9.2.6 Historic and Forecasted Market Size By Distribution Channel
9.2.6.1 Supers/Hypers
9.2.6.2 Convenience Stores
9.2.6.3 Online Retail
9.2.6.4 Specialty Stores
9.2.6.5 Others
9.2.7 Historic and Forecasted Market Size By End User
9.2.7.1 Household
9.2.7.2 Food Service
9.2.7.3 Industrial
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Edible Oils Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Type
9.3.4.1 Palm Oil
9.3.4.2 Soybean Oil
9.3.4.3 Sunflower Oil
9.3.4.4 Olive Oil
9.3.4.5 Canola Oil
9.3.4.6 Coconut Oil
9.3.4.7 Groundnut Oil
9.3.4.8 Others
9.3.5 Historic and Forecasted Market Size By Packaging
9.3.5.1 Bottles
9.3.5.2 Pouches
9.3.5.3 Cans
9.3.5.4 Others
9.3.6 Historic and Forecasted Market Size By Distribution Channel
9.3.6.1 Supers/Hypers
9.3.6.2 Convenience Stores
9.3.6.3 Online Retail
9.3.6.4 Specialty Stores
9.3.6.5 Others
9.3.7 Historic and Forecasted Market Size By End User
9.3.7.1 Household
9.3.7.2 Food Service
9.3.7.3 Industrial
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Edible Oils Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Type
9.4.4.1 Palm Oil
9.4.4.2 Soybean Oil
9.4.4.3 Sunflower Oil
9.4.4.4 Olive Oil
9.4.4.5 Canola Oil
9.4.4.6 Coconut Oil
9.4.4.7 Groundnut Oil
9.4.4.8 Others
9.4.5 Historic and Forecasted Market Size By Packaging
9.4.5.1 Bottles
9.4.5.2 Pouches
9.4.5.3 Cans
9.4.5.4 Others
9.4.6 Historic and Forecasted Market Size By Distribution Channel
9.4.6.1 Supers/Hypers
9.4.6.2 Convenience Stores
9.4.6.3 Online Retail
9.4.6.4 Specialty Stores
9.4.6.5 Others
9.4.7 Historic and Forecasted Market Size By End User
9.4.7.1 Household
9.4.7.2 Food Service
9.4.7.3 Industrial
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Edible Oils Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Type
9.5.4.1 Palm Oil
9.5.4.2 Soybean Oil
9.5.4.3 Sunflower Oil
9.5.4.4 Olive Oil
9.5.4.5 Canola Oil
9.5.4.6 Coconut Oil
9.5.4.7 Groundnut Oil
9.5.4.8 Others
9.5.5 Historic and Forecasted Market Size By Packaging
9.5.5.1 Bottles
9.5.5.2 Pouches
9.5.5.3 Cans
9.5.5.4 Others
9.5.6 Historic and Forecasted Market Size By Distribution Channel
9.5.6.1 Supers/Hypers
9.5.6.2 Convenience Stores
9.5.6.3 Online Retail
9.5.6.4 Specialty Stores
9.5.6.5 Others
9.5.7 Historic and Forecasted Market Size By End User
9.5.7.1 Household
9.5.7.2 Food Service
9.5.7.3 Industrial
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Edible Oils Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Type
9.6.4.1 Palm Oil
9.6.4.2 Soybean Oil
9.6.4.3 Sunflower Oil
9.6.4.4 Olive Oil
9.6.4.5 Canola Oil
9.6.4.6 Coconut Oil
9.6.4.7 Groundnut Oil
9.6.4.8 Others
9.6.5 Historic and Forecasted Market Size By Packaging
9.6.5.1 Bottles
9.6.5.2 Pouches
9.6.5.3 Cans
9.6.5.4 Others
9.6.6 Historic and Forecasted Market Size By Distribution Channel
9.6.6.1 Supers/Hypers
9.6.6.2 Convenience Stores
9.6.6.3 Online Retail
9.6.6.4 Specialty Stores
9.6.6.5 Others
9.6.7 Historic and Forecasted Market Size By End User
9.6.7.1 Household
9.6.7.2 Food Service
9.6.7.3 Industrial
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Edible Oils Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Type
9.7.4.1 Palm Oil
9.7.4.2 Soybean Oil
9.7.4.3 Sunflower Oil
9.7.4.4 Olive Oil
9.7.4.5 Canola Oil
9.7.4.6 Coconut Oil
9.7.4.7 Groundnut Oil
9.7.4.8 Others
9.7.5 Historic and Forecasted Market Size By Packaging
9.7.5.1 Bottles
9.7.5.2 Pouches
9.7.5.3 Cans
9.7.5.4 Others
9.7.6 Historic and Forecasted Market Size By Distribution Channel
9.7.6.1 Supers/Hypers
9.7.6.2 Convenience Stores
9.7.6.3 Online Retail
9.7.6.4 Specialty Stores
9.7.6.5 Others
9.7.7 Historic and Forecasted Market Size By End User
9.7.7.1 Household
9.7.7.2 Food Service
9.7.7.3 Industrial
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
|
Global Edible Oils Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 230.12 Billion |
|
Forecast Period 2024-32 CAGR: |
4.9% |
Market Size in 2032: |
USD 353.94 Billion |
|
Segments Covered: |
By Type |
|
|
|
By Packaging |
|
||
|
By Distribution Channel |
|
||
|
By End User |
|
||
|
By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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