In the world economic growth, the Edible Oil industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Edible Oil market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Edible Oil market size will be further expanded, we expect that by 2024, The market size of the Edible Oil will reach XXX million $.
Overview
Edible oil or cooking oil is a plant, animal, or synthetic fat used for baking, frying, and other types of cooking. Edible oils, including olive, canola, grapeseed, sesame, peanut, corn, and safflower provide a balanced combination of fatty acids, vitamin E, and protein which is very important to the human body. The global edible oil market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global edible oil market is expected to witness significant growth during the forecast period, owing to increasing demand for convenience food worldwide.
Market Drivers
Rapid growth of the retail sector is expected to drive growth of the global edible oil market during the forecast period. The retail segment has witnessed significant growth over the years in both developed and emerging economies, which has increased the demand for edible oil. This, in turn, has led to robust growth of the supply chain of edible oil products. According to the India Brand Equity Foundation (IBEF), the retail industry in India reached US$ 950 billion in 2018 and is expected to reach US$ 1.1 trillion by 2020. Consumption of vegetable oil has increased in emerging economies, owing to the adoption of advanced processing techniques to offer healthier oil. Thus, these factors are expected to drive growth of the global edible oil market during the forecast period. Moreover, increasing demand for convenience food is expected to propel the global edible oil market growth over the forecast period.
Market Restraint
Increasing environmental concerns and robust support by governments to reduce the use of palm oil are expected to restrain growth of the global edible oil market during the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global edible oil market during the forecast period. This is owing to increasing consumption and production of vegetable oil across emerging economies such as India and China. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to increasing preference for convenience food in the region.
Competitive Section
Major companies involved in the global edible oil market are Wilmar, Dabur India Ltd., Bunge, Adams, K.S. Oils, Ruchi, United Oil Packers, ACH, Ngo Chew Hong, Nirmal, Standard Food, and Changsheng.
For instance, in September 2020, Dabur India Ltd., an India based consumer goods company, launched a new Dabur Cold Pressed Mustard Oil.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Wilmar
Adams
Bunge
K.S. Oils
Oilseeds
ACH
Ruchi
Marico
Ngo Chew Hong
United Oil Packers
Nalco
Advocuae
Oliyar
Tamil Naadu
Nirmal
Gokul
BCL
COFCO
Luhua
Standard Food
Jiusan
Changsheng
Zhongsheng
Liangyou
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Vegetable Type
Animal Type
Industry Segmentation
Household Use
Commercial Use
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
Request Discount 
Inquire Before Buy
