Global Vegetable Oil Market 2016-2020

Overview of the global vegetable oil market

The global vegetable oil market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. Health benefits associated with olive oil will drive the growth prospects for the global vegetable oil market during the forecast period. Olive oil is also recognized to be a part of the Mediterranean diet and is considered to be the safest and healthiest oil for consumption. One of the constituents of olive oil includes monounsaturated fats (MUFA), which is a natural and healthy dietary fat. Olive oil is also rich in antioxidants such as the anti-inflammatory oleocanthal and oleuropein and prevents many health issues including high cholesterol and heart diseases. The numerous benefits associated with the consumption of olive oil increases the customer’s preference for olive oil. Moreover, there is also a considerable increase in the level of awareness regarding health benefits of olive oil among the end-users.

In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the global vegetable oil market for the next few years. Industries and governments in this region are supporting the development of new products that contain beneficial healthcare properties to prevent ailments such as chronic diseases. China is one of the countries with high rates of chronic diseases and expensive medications. As a result, many Chinese companies are introducing new vegetable oil products that contain docosahexaenoic acid (DHA) algal oil to prevent health issues.

Competitive landscape and key vendors

The market is highly fragmented because of the presence of numerous small and large vendors. These vendors compete against each other based on the factors such as price, quality, innovation, reputation, and distribution. The market also comprises of companies with varying sizes, varying specializations in terms of commodities, and varying financial resources.

Key vendors in this market are -

• Associated British Foods
• Bunge
• CHS
• Cargill
• Wilmar

Other prominent vendors in the market include ACH, Adams, ADM, Beidahuang, Carapelli Firenze, Dow Agrosciences, Savola, and Unilever.

Segmentation by product type and analysis of the vegetable oil market

• Palm oil
• Soybean oil
• Canola oil
• Sunflower oil

Palm oil accounted for the maximum market share during 2015 and will continue to dominate the global vegetable oil market until the end of 2020. It has been noted that the demand for palm oil is rising because of its richness in vitamins, antioxidants, and saturated fats that possess health benefits. Palm oil is also used as an ingredient in cooking, sauces and soups, and flavoring agents.

Segmentation by distribution channel and analysis of the vegetable oil market

• Supermarkets and hypermarkets
• Convenience stores
• Food specialist retailers

The hypermarkets and supermarkets segment accounted for the maximum market share during 2015 and will continue to dominate the global vegetable oil market in the forthcoming years. These stores are highly preferred among the end users as they stock a huge number of products and are well supplied with multiple options and a variety of vegetable oils from various brands. Additionally, shoppers highly prefer this distribution channel as it allows price comparisons among the available products.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global vegetable oil market?
• What are the key market trends impacting the growth of the global vegetable oil market?
• What are the challenges to market growth?
• Who are the key vendors in the global vegetable oil market?
• What are the market opportunities and threats faced by the vendors in the global vegetable oil market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
• What are the key outcomes of the five forces analysis of the global vegetable oil market?

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