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Global Vegetable Oil Market worth $91.4 Billion by 2017
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 forecasted 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 forecasted for each region. Further, market is segmented and revenues are forecasted on the basis of applications and types of vegetable oils.
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”.
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According to the report published by MarketsandMarkets, 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. Asia-Pacific is leads the global vegetable oil market with share of followed by Europe and North America in terms of consumption in 2011.
The major drivers for 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 siphoning of the raw material away from the other food and industrial sectors. The resultant price hikes and working capital shortage can be seen as a restraint for vegetable oil market.
Asia-Pacific holds major market share in vegetable oil market. Europe is the second largest consumer. Research and development initiatives by companies and government has helped manufacturer 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 major three segments as 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 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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