MarketsandMarkets: Global Vegetable Oil Market Worth $91.4 Billion by 2017
DALLAS, September 25, 2012 /PRNewswire/ –
The report “Global Vegetable Oil Market (Edible & Industrial), by Types, Application,
Geography & Extraction Methods – Forecasts up to 2017″ defines and segments the global
vegetable oil market with analysis and forecasting of the global volume and revenue for
major vegetable oils in particular. It also identifies driving and restraining factors for
the global vegetable oil market with analysis of trends, opportunities, burning issues,
winning imperatives and challenges. The market is segmented and revenues are forecast on
the basis of major regions such as North America, Europe, Asia-Pacific and Rest of the
World (ROW). The key countries are covered and forecast for each region. Further, the
market is segmented and revenues are forecast on the basis of applications and types of
Browse 126 market data tables with 31 figures spread through 313 pages and in-depth
TOC on “Global Vegetable Oil Market (Edible & Industrial), by Types, Application,
Geography & Extraction Methods – Forecasts up to 2017″.
http://www.marketsandmarkets.com/Market-Reports/vegetable-oil-394.html Early buyers
will receive 10% customization of report.
According to the report published by MarketsandMarkets, the vegetable oil market will
be valued at an estimated $81.0 billion in 2012 which is expected to increase at a CAGR of
2.5% from 2012 to 2017.
The major drivers for the vegetable oil global market growth are the ever-growing food
sector, growing consumption in the Asian subcontinent, and the biofuel policies coupled
with the biodiesel feedstock requirements. The increasing requirements of the biofuel
industry results in the siphoning of raw material away from other food and industrial
sectors. The resultant price hikes and working capital shortage can be seen as a restraint
for the vegetable oil market.
Asia-Pacific holds the major market share in the vegetable oil market. Europe is the
second largest consumer. Research and development initiatives by companies and governments
has helped manufacturers to get the first-mover advantage, on the basis of high yields
during extraction and also the desired low trans-fat composition of the oil.
The vegetable oil market by application is segmented in three major segments: Food,
Non-food (industrial) and Biodiesel feed. Although the food applications occupy a major
share in the consumption market, the Biofuel segment, boosted by the biodiesel feedstock
requirements, is expected to be the fastest-growing segment.
Among the various types of vegetable oil commodities marketed, palm oils, soybean,
rapeseed and sunflower oils occupy the excess share of the market. With growing concerns
over the availability of soybean and rapeseed due to the biofuel policies in the U.S. and
Europe respectively, focus is gradually expected to shift towards palm and palm kernel
oils, and other vegetable oils like sunflower.
The report also touches on various other important aspects of the market. It includes
an analysis of the value chain, the competitive landscape, a price analysis and the patent
analysis. In addition, 20 key players of this market have also been profiled.
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