Us Plant Cooking Oil Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
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 U.S. plant cooking oil market has experienced significant growth, driven by increasing consumer demand for healthier and more sustainable cooking options. This trend has led to a surge in the adoption of plant-based oils, such as canola, soybean, and sunflower oil, across various culinary applications.
In 2019, the U.S. vegetable oil market was valued at $98.5 billion and is projected to reach $130 billion by 2027, registering a compound annual growth rate (CAGR) of 4.9% from 2021 to 2027. This growth is attributed to the rising awareness of the health benefits associated with plant-based oils and their versatility in cooking. citeturn0search5
Among the various plant oils, soybean oil holds a dominant position in the market, accounting for 33.1% of the U.S. vegetable oil market share in 2019. This is due to its widespread cultivation in the U.S. and its cost-effectiveness. Additionally, canola oil is anticipated to grow at a faster rate during the forecast period, owing to its nutritional profile, including low saturated fat content and high omega-3 fatty acids. citeturn0search5
The food application segment is the largest consumer of vegetable oils, utilizing them in salad dressings, cooking, and processed foods. The non-food applications, including biodiesel production, are also significant, with increasing utilization of vegetable oils such as palm oil in non-food uses projected to aid market growth. citeturn0search0
However, the market faces challenges, including fluctuations in raw material prices and dependency on other countries for the import of certain vegetable oilseeds and oils. These factors are likely to suppress the North America vegetable oils market growth. citeturn0search0
In summary, the U.S. plant cooking oil market is poised for continued growth, driven by health-conscious consumers and the versatility of plant-based oils in culinary applications. However, addressing the challenges related to raw material prices and import dependencies will be crucial for sustaining this growth trajectory.
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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
Vegetable Oils
Seed Oils
Nut Oils
Fruit Oils
Conventional
Organic
Non-GMO
Cold-Pressed Oils
Refined Oils
Unrefined Oils
Expeller-Pressed Oils
Cooking (Frying, Baking, Sautéing)
Food Manufacturing
Cosmetic and Personal Care Products
Industrial Applications
Bottles
Cans
Bulk Containers
Flexible Pouches
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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