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Global Vegetable Oil Market Anticipated to Grow at a CAGR of 4.20% during 2017-2025

According to Goldstein Research, global vegetable oil industry is expected to reach 252 million metric ton by 2025, growing at a CAGR of 4.20% over the forecast period 2017-2025. The factors such as Supply of raw materials, innovation in vegetable oil processing and its applications and government support are the major factors inducing the growth of global vegetable oil market. Global vegetable oil market segmentation has been done on the basis of product type, packaging, application, end user, distribution channel and geography. Based on product type, palm oil accounted for largest market share of 46.2% in 2017 of global vegetable oil market. Moreover, canola oil market is growing at a rate of 3.91%, as it has high health benefits. Global vegetable oil market is largely dominated by Asia Pacific acquiring a market share of 48.3% in 2017, owing to high availability of raw materials and highest production capacity in the region. Further, Europe is the major consumer of vegetable o...