MarketsandMarkets: Global Vegetable Oil Market Worth $91.4 Billion by 2017
DALLAS, September 25, 2012 /PRNewswire/ --
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 forecast 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 forecast for each region. Further, the market is segmented and revenues are forecast on the basis of applications and types of vegetable oil.
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".
Early buyers will receive 10% customization of report.
According to the report published by MarketsandMarkets, the 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.
The major drivers for the 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 the siphoning of raw material away from other food and industrial sectors. The resultant price hikes and working capital shortage can be seen as a restraint for the vegetable oil market.
Asia-Pacific holds the major market share in the vegetable oil market. Europe is the second largest consumer. Research and development initiatives by companies and governments has helped manufacturers 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 three major segments: 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 the 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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