Plant Cooking Oil Market was valued at USD 120 Billion in 2022 and is projected to reach USD 150 Billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030.
The global plant cooking oil market reached approximately USD 91.4 billion in 2022, reflecting a significant growth trajectory. The market is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2028. This growth is driven by increasing consumer awareness of health benefits associated with plant-based oils compared to animal-based fats, and rising demand for natural and organic products. The expanding food service industry and increasing utilization of plant oils in processed foods are also contributing factors to this upward trend.
Emerging markets, particularly in Asia-Pacific and Latin America, present substantial opportunities for market expansion. With a burgeoning middle class and increasing disposable income in these regions, there is a rising demand for diverse and health-conscious food options, including plant-based cooking oils. Additionally, government initiatives supporting sustainable agricultural practices and the growing popularity of plant-based diets are expected to further drive market growth in these regions. The market's expansion is supported by innovations in oil extraction technologies and the introduction of new oil varieties that cater to evolving consumer preferences.
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Cargill
Incorporated
ACH Foods Company Inc
Bunge North America Inc
Archer Daniels Midland
ConAgra Foods Inc
CHS Inc
Chinatex Corporation
Richardson Oilseed Ltd
J-Oil Mills Inc
Carapelli Firenze S.P.A
Olam International
Adani Group
Ventura Foods
Lorenzati Group
Shandong Xingquan Oil Co. Ltd
Xunda Edible Oil Co. Ltd
Yihai Kerry
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plant Cooking Oil Market
Home Use
Catering
Food Processing Industry
Based on Types the Market is categorized into Below types that held the largest Plant Cooking Oil market share In 2023.
Peanut Oil
Soybean Oil
Rapeseed Oil
Sesame Oil
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plant Cooking Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plant Cooking Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plant Cooking Oil Market, By Type
6. Global Plant Cooking Oil Market, By Application
7. Global Plant Cooking Oil Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plant Cooking Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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