Market Overview:
The global plant oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for biofuels and rising awareness about the benefits of plant oils. Based on type, palm oil is expected to lead the global plant oil market with a share of 36%. Soybean oil is projected to be the second-largest segment with a share of 27%. Sunflower oil is estimated to account for 15% share in terms of volume, followed by rapeseed (10%), olive (8%) and others (3%). In terms of application, food accounted for majority share in 2017 and it is projected that this trend will continue during forecast period as well. Biofuel segment follows food application with significant growth rate owing to government initiatives taken towards promotion & development renewable fuels across globe.
Product Definition:
A plant oil is a triglyceride extracted from a plant. Plant oils have been used since ancient times as lubricants, fuel, paints, and varnishes. They are also used in food preparation and some medicines.
Palm Oil:
Palm oil is extracted from the fruit pulp of various palm trees, which grow naturally in tropical and subtropical regions. The fruit pulp after extraction is used for producing a variety of products such as cooking oils, soaps, cosmetics & toiletries and biodiesel among others. Palm oil has been considered as one of the most lucrative vegetable oils due to its high demand in industrial applications such as food processing and animal feed production.
Soybean Oil:
Soybean oil is a vegetable oil that is extracted from soybeans. It has become one of the most popular vegetable oils in the world on account of its numerous health benefits. Soybean oil contains various vitamins and minerals such as vitamin E, omega 6 & 3 fatty acids, iron, magnesium & calcium among others which have positive effects on human body.
Application Insights:
Food was the largest application segment in 2017 and is projected to witness a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing demand for plant oil-based products such as margarine, shortening, mayonnaise and salad dressings in developed economies including U.S., Germany, France and UK due to growing obesity levels among youth generation there.
Plant oil finds major applications in biofuel manufacturing owing to its high energy content which makes it an ideal raw material for the production of biodiesel and other liquid fuels including fuel gasoil (LPG). Growing awareness regarding environmental issues coupled with government initiatives promoting the use of renewable sources of energy is expected drive demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global plant oil market in 2017 and is expected to witness significant growth over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. Rapid industrialization coupled with rising living standards in these countries has resulted in increased consumption of food products as well as biofuels. This trend is expected to have a positive impact on the demand for globally sourced plant oils over the next eight years.
China accounted for approximately 25% of total regional demand on account of high production levels coupled with increasing product use in food applications such as bakery items and confectionery goods owing to growing consumer preferences towards healthy dietary lifestyles within this country.
Growth Factors:
- Increasing demand for plant-based oils in the food and beverage industry as a healthier alternative to traditional oils.
- Rising awareness of the health benefits of plant-based oils, especially among consumers in developed countries.
- Growing demand for biofuels as a cleaner and more sustainable alternative to fossil fuels.
- Rapid expansion of the global middle class, which is driving increased consumption of processed foods and other products that use plant-based oils.
- Technological advancements that are making it easier to produce and process plant-based oils, resulting in lower costs and increased availability
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Oil Market Research Report
By Type
Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil, Others
By Application
Food, Biofuel, Industrial
By Companies
Total, Shell, Archer Daniels Midland, Bunge, Cargill Agricola, Fuji Oil, Corteva, United Plantations Berhad, Savola
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Plant Oil Market Report Segments:
The global Plant Oil market is segmented on the basis of:
Types
Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Biofuel, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Total
- Shell
- Archer Daniels Midland
- Bunge
- Cargill Agricola
- Fuji Oil
- Corteva
- United Plantations Berhad
- Savola
Highlights of The Plant Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Palm Oil
- Soybean Oil
- Sunflower Oil
- Rapeseed Oil
- Olive Oil
- Others
- By Application:
- Food
- Biofuel
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant oil is a type of fat found in plants. Plant oils are composed of triglycerides and can be used as energy sources by the body.
Some of the major companies in the plant oil market are Total, Shell, Archer Daniels Midland, Bunge, Cargill Agricola, Fuji Oil, Corteva, United Plantations Berhad, Savola.
The plant oil market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plant Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plant Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plant Oil Market Size & Forecast, 2018-2028
4.5.1 Plant Oil Market Size and Y-o-Y Growth
4.5.2 Plant Oil Market Absolute $ Opportunity
Chapter 5 Global Plant Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plant Oil Market Size Forecast by Type
5.2.1 Palm Oil
5.2.2 Soybean Oil
5.2.3 Sunflower Oil
5.2.4 Rapeseed Oil
5.2.5 Olive Oil
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plant Oil Market Size Forecast by Applications
6.2.1 Food
6.2.2 Biofuel
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plant Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plant Oil Analysis and Forecast
9.1 Introduction
9.2 North America Plant Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plant Oil Market Size Forecast by Type
9.6.1 Palm Oil
9.6.2 Soybean Oil
9.6.3 Sunflower Oil
9.6.4 Rapeseed Oil
9.6.5 Olive Oil
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plant Oil Market Size Forecast by Applications
9.10.1 Food
9.10.2 Biofuel
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plant Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Plant Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plant Oil Market Size Forecast by Type
10.6.1 Palm Oil
10.6.2 Soybean Oil
10.6.3 Sunflower Oil
10.6.4 Rapeseed Oil
10.6.5 Olive Oil
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plant Oil Market Size Forecast by Applications
10.10.1 Food
10.10.2 Biofuel
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plant Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plant Oil Market Size Forecast by Type
11.6.1 Palm Oil
11.6.2 Soybean Oil
11.6.3 Sunflower Oil
11.6.4 Rapeseed Oil
11.6.5 Olive Oil
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plant Oil Market Size Forecast by Applications
11.10.1 Food
11.10.2 Biofuel
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plant Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plant Oil Market Size Forecast by Type
12.6.1 Palm Oil
12.6.2 Soybean Oil
12.6.3 Sunflower Oil
12.6.4 Rapeseed Oil
12.6.5 Olive Oil
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plant Oil Market Size Forecast by Applications
12.10.1 Food
12.10.2 Biofuel
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plant Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plant Oil Market Size Forecast by Type
13.6.1 Palm Oil
13.6.2 Soybean Oil
13.6.3 Sunflower Oil
13.6.4 Rapeseed Oil
13.6.5 Olive Oil
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plant Oil Market Size Forecast by Applications
13.10.1 Food
13.10.2 Biofuel
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plant Oil Market: Competitive Dashboard
14.2 Global Plant Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Total
14.3.2 Shell
14.3.3 Archer Daniels Midland
14.3.4 Bunge
14.3.5 Cargill Agricola
14.3.6 Fuji Oil
14.3.7 Corteva
14.3.8 United Plantations Berhad
14.3.9 Savola
