Global Vegetable Oil Market Report By Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, Others), By Application (Food, Feed, Industrial) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

April 2021
Report Formats:

Global Vegetable Oil Market Overview
The key driver impacting the vegetable oil market is the rapidly growing demand for packaged and processed food, particularly in emerging markets. For instance, as per the Institute of Food Technologists, global sales of packaged foods and drinks reached $2.1 trillion in 2017 and are predictable to augment at a compound annual growth rate (CAGR) of 2.2% through 2022. The Middle Asia Pacific and the East/Africa food sectors are likely to increase in the coming years. Moreover, the growing usage of vegetable oils as lubricants for industrial and transportation applications contributes to vegetable oil's market growth in the coming years.

According to Value Market Research, the global vegetable oil market reached a production volume of over 210 million tons in 2020 and is estimated to grow at a CAGR of about 3% during the forecast period 2021 to 2027. 

The rising supportive policies from the government on vegetable oil usage in various countries are estimated to increase market demand in the forecast period. For instance, In India, in November 2017, the taxes on crude and refined palm oil were raised to 30% and 40%, respectively, and in March 2018, to 44% and 54%, respectively. EU’s consumption of vegetable oil in biofuel has been mainly determined by the Renewable Energy Directive (RED). It was established in 2009, necessitate 10% of the energy consumption in rail and road transport in 2020 to be from renewable sources. EU Member States (countries) are necessary to employ this target with national laws and incentives, like blending mandates. However, new label requirements & trans-fat levels hindering the growth may hamper the market in the long run. Also, high price volatility & resulting lack of working capital negatively impacts the market. The current industry trends, such as Palm & palm kernel oil as a substitute for trans-fat oil and rising demand from the animal feed industry, are expected to offer new lucrative market opportunities for the key players. 
The Vegetable oil market is vast, with many local and global players. The Vegetable oil market is extensive, with many regional and international players. The important market leaders follow several strategies to raise their market status, such as extending product portfolio, acquisitions, expanding product portfolio, contracts, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe. The significant players studied in the report include Total S.A., BP, Shell, Archer Daniels Midland Co., Bunge North America Inc., Cargill Agricola S.A., United Plantations Berhad, Fuji Oil, Dow In this research report, the Agrosciences LLC, and Savola Group.

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In this research report the vegetable oil market is segmented by type, application, and region. 

Analysis by Type:  
By type, the report is categorized into palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and others. The palm oil segment dominates the type segment with over 30% share in 2020. It is due to the growing adoption of Palm & palm kernel oil as a substitute for trans-fat oil. Also, significant growth in demand for the product from end-use industries is adding growth to the market. Moreover, rising consumer awareness regarding the positive health benefits of palm oil contributes to the massive demand from the palm oil segment in the coming years.   
Analysis by Application: 
By application, the report is categorized into food, feed, and industrial. The food application segment dominates the application segment with over 40% share in 2020. It is due to the significant growth in demand for the product from the food industriesIt is majorly utilized for baking & frying processes, salads & cooking oils, fatty ingredients, margarine & other spreads, frozen processed foods, etc. Moreover, rapidly growing food industries worldwide contribute to the massive market demand for the food application segment in the forecast period. 
Analysis by Region: 
In the regional outlook of the global Vegetable oil market, the Asia Pacific region dominates globally with a 30% market share in the forecast period. It is due to the growing end-use markets such as biofuels, food processing, and bioplastics. Also, the presence of leading players, growing R&D efforts of European companies to develop vegetable oil technology adds growth to the market. Moreover, the availability of abundant raw material in Southeast Asian markets contributes to tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Type

  • Palm Oil
  • Soybean Oil
  • Rapeseed Oil
  • Sunflower Oil
  • Olive Oil
  • Others

By Application

  • Food
  • Feed
  • Industrial

 By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
       2.1. Highlights of Market
       2.2. Global Market Snapshot
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By Region
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Palm Oil Market by Regions
       6.6 Soybean Oil Market by Regions
       6.5 Rapeseed Oil Market by Regions
       6.7 Sunflower Oil Market by Regions
       6.8 Olive Oil Market by Regions
       6.9 Others Market by Regions
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Food Market by Regions
       7.5 Feed Market by Regions
       7.6 Industrial Market by Regions
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
       9.1. Vegetable Oil Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Total S.A.
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. BP
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Shell
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Archer Daniels Midland Co.
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Bunge North America Inc.
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Cargill Agricola S.A.
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. United Plantations Berhad
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Fuji Oil
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Dow In this research report
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. The Agrosciences LLC
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Savola Group
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Type (USD MN)
  • Palm Oil Market by Geography (USD MN)
  • Soybean Oil Market by Geography (USD MN)
  • Rapeseed Oil Market by Geography (USD MN)
  • Sunflower Oil Market by Geography (USD MN)
  • Olive Oil Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Analysis Market by Application (USD MN)
  • Food Market by Geography (USD MN)
  • Feed Market by Geography (USD MN)
  • Industrial Market by Geography (USD MN)
  • Global Vegetable Oil Market by Geography (USD MN)
  • North America Market Analysis (USD MN)
  • United State Market Analysis (USD MN)
  • Canada Market Analysis (USD MN)
  • Mexico Market Analysis (USD MN)
  • Europe Market Analysis (USD MN)
  • Europe Market Estimate by Country (USD MN)
  • United Kingdom Market Analysis (USD MN)
  • France Market Analysis (USD MN)
  • Germany Market Analysis (USD MN)
  • Italy Market Analysis (USD MN)
  • Russia Market Analysis (USD MN)
  • Spain Market Analysis (USD MN)
  • Rest of Europe Market Analysis (USD MN)
  • Asia Pacific Market Analysis (USD MN)
  • China Market Analysis (USD MN)
  • Japan Market Analysis (USD MN)
  • India Market Analysis (USD MN)
  • South Korea Market Analysis (USD MN)
  • Australia Market Analysis (USD MN)
  • Rest of Asia Pacific Market Analysis (USD MN)
  • Latin America Market Analysis (USD MN)
  • Brazil Market Analysis (USD MN)
  • Argentina Market Analysis (USD MN)
  • Peru Market Analysis (USD MN)
  • Chile Market Analysis (USD MN)
  • Rest of Latin America Market Analysis (USD MN)
  • Middle East & Africa Market Analysis (USD MN)
  • Saudi Arabia Market Analysis (USD MN)
  • UAE Market Analysis (USD MN)
  • Israel Market Analysis (USD MN)
  • South Africa Market Analysis (USD MN)
  • Rest of Middle East and Africa Market Analysis (USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton


  • Research Scope of Vegetable Oil Report
  • Market Research Process
  • Market Research Methodology
  • Global Vegetable Oil Market Size, by Region (USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Type
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Type (USD MN)
  • Palm Oil Market by Geography (USD MN)
  • Soybean Oil Market by Geography (USD MN)
  • Rapeseed Oil Market by Geography (USD MN)
  • Sunflower Oil Market by Geography (USD MN)
  • Olive Oil Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Global Market Analysis by Application (USD MN)
  • Food Market by Geography (USD MN)
  • Feed Market by Geography (USD MN)
  • Industrial Market by Geography (USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020

 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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