The global vegetable oil market is expected to grow at a CAGR of nearly 5% from 2015-2019, according to new industry analysis from market research firm Technavio.
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,” says Faisal Ghaus, Vice President of Technavio.
“Its low cost, high smoke point and better shelf life makes it the best choice for cooking in both developed and developing countries.”
The latest industry analysis report by Technavio 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
The new 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.
Key Information Covered in the Report:
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Key Vendors:
- Bunge
- Cargill Agricola
- ConAgra Foods
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Market Growth Drivers:
- Increase in Popularity of Palm Kernel Oil
- For a full detailed list, view our report.
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Market Challenges:
- Presence of Counterfeit Products
- For a full detailed list, view our report.
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Market Trends:
- Increase in Demand for Biofuel
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the oil market:
If you are interested in more information, please contact our media team at media@technavio.com.
Contacts:
Jes Ellacott
US: +1-630-333-9501
UK:
+44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
