Global vegetable oil market to grow at a CAGR 4.48 percent in terms of revenue and 4.05 percent in terms of volume over the period 2014-2019.
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global vegetable oil market to grow at a CAGR 4.48 percent in terms of revenue and 4.05 percent in terms of volume over the period 2014-2019. Vegetable oil refers to palm oil, soybean oil, canola oil, sunflower oil, peanut oil, coconut oil, olive oil, cottonseed oil, and corn oil. Apart from cooking, vegetable oil is also used to produce biofuel and is used for industrial purposes too.
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About the Report
Emphasis is shifting to high-quality oils for cooking, as consumers become more health conscious. This can be seen in the increasing popularity of palm kernel oil, which is expected to boost the vegetable oil market globally. Derived from the kernel of the oil palm, palm kernel oil has a high saturated fat content and is increasingly being used as a substitute for trans-fat oil."Palm kernel oil is becoming popular as it contains no cholesterol and trans-fatty acids,".
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"Its low cost, high smoke point and better shelf life makes it the best choice for cooking in both developed and developing countries."
Covered in this Report
The global vegetable oil market can be segmented into five: palm oil, soybean oil, canola oil, sunflower oil, and others. Global Vegetable Oil Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW; it also covers the global vegetable oil market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest industry analysis report also emphasizes the increasing demand for bio-fuel, which is expected to be the main substitute for fossil fuel in the near future. This will be a significant contributor to growth in the vegetable oil market through the projected period.
Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects of the global vegetable oil market from 2015-2019. To calculate the market size, the report considers the volume of vegetable oil consumed by different regions.
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Key Information Covered in the Report: