Vegetable Oils Market: Introduction

A recent study published by Transparency Market Research on the global market for vegetable oils includes North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East Africa industry analysis and opportunity assessment for 2021-2031.

With the highest market value share of 24.5%, revenue generated from the South Asia market is estimated to value US$ 40.8 Bn in 2021, and expand at a CAGR of 5.6% to reach US$ 70.5 Bn by 2031.

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Increasing Application in Various Industries to Enhance Vegetable Oils Market

Vegetable oils are increasingly being used to make a variety of food and feed items. Vegetable oils are utilized in place of animal-based fats and oils, making food items healthier and more nutritious. The rising use of vegetable oils in petrochemicals and other non-food uses, such as biodiesel, has further boosted market expansion globally. Vegetable oils are also utilized in the creation of cosmetics, bactericides, and medicines. The rising demand for processed foods is also driving up vegetable oils usage.

The increasing use of vegetable oils in the production of fuels, culinary soaps, and perfume formulation represents the market growth in emerging countries. Vegetable oil manufacturers are also introducing with new categories of vegetable oils, which include virgin olive oil, cold-pressed walnut oil, and coconut oil, to increase the applications of vegetables in different sectors. Thus, rising applications of vegetable oils across various industries across the world are expected to increase its market growth.

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Demand for Food Products Providing Multiple Health Benefits to Help Expand Vegetable Oils Market

With rise in the spread of chronic diseases, there is a considerable increase in customer demand for dietary products that provide many health benefits. Vegetable oils are derived from nuts, seeds, and fruits of a variety of plants and is a natural source of nutrients. Vitamins A, E, and B1, as well as omega-3 and omega-6 fatty acids, are found in vegetable oils. These nutrients aid customers in maintaining their fitness and health.

Furthermore, vegetable oils has numerous health benefits, including protection of brain cells, reduction of the risk of cardiovascular disease, decline in cholesterol levels, etc. The current surge in demand for vegetable oils has been fuelled by the attention on vitamins and minerals included in vegetable oils, which have potential uses in providing customers with a healthy and nutritious diet.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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