North America Vegetable Oil Market Report by Oil Type (Palm Oil, Soybean Oil, Sunflower Oil, Canola Oil, Coconut Oil, Palm Kernel Oil, and Others), Application (Food Industry, Biofuels, and Others), and Country 2024-2032

North America Vegetable Oil Market Report by Oil Type (Palm Oil, Soybean Oil, Sunflower Oil, Canola Oil, Coconut Oil, Palm Kernel Oil, and Others), Application (Food Industry, Biofuels, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1700
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Market Overview:

The North America vegetable oil market size reached 27.0 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 39.9 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.44% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
27.0 Million Tons
Market Forecast in 2032
39.9 Million Tons
Market Growth Rate 2024-2032 4.44%


Vegetable oils or vegetable fats are extracted from seeds, nuts, cereal grains or fruits. They are utilized in the food industry for cooking and baking, enhancing the texture of the food products, and as a base for flavored content. They are also used as an ingredient in the production of soaps, detergents, skin products, paint, resin, candles, perfumes, and other personal care and cosmetic products.

North America vegetable oil market is currently being driven by several factors. The rising demand for convenient and processed food items, such as mayonnaise, mustard, potato chips, and French fries, is stimulating growth in the North America vegetable oil market. In addition to this, vegetable oil exhibits a plethora of health benefits, which includes reducing cardiovascular diseases, improving digestion and metabolism, and lowering cholesterol levels. Furthermore, it also acts as a source of vitamin E, omega-3 and omega-6 fatty acids, polyunsaturated, monounsaturated, and saturated fats. Apart from this, the biofuel policies in the United States have received significant consumer attention due to their positive environmental impact. These policies account for a high increase in the amount of vegetable oil being utilized in biodiesel and renewable diesel production.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the North America vegetable oil market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on oil type and application.

  • Key Regions Analysed
    • United States
    • Canada
    • Mexico
       
  • Analysis for Each Country
     
  • Market by Oil Type
    • Palm Oil
    • Soybean Oil
    • Sunflower Oil
    • Canola Oil
    • Coconut Oil
    • Palm Kernel Oil
    • Others
       
  • Market by Application
    • Food Industry
    • Biofuels
    • Others
       
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • PESTEL Analysis
  • Government Regulations
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles
       

IMARC Group’s latest report provides a deep insight into the North America vegetable oil market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America vegetable oil industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons
Segment Coverage Oil Type, Application, Country
Countries Covered United States, Canada, Mexico
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the North America vegetable oil market to exhibit a CAGR of 4.44% during 2024-2032.

The rising consumer awareness towards numerous health benefits of vegetable oil, such as reducing cardiovascular diseases, improving digestion and metabolism, and lowering cholesterol levels, is primarily driving the North America vegetable oil market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of vegetable oil across several North American nations.

Based on the oil type, the North America vegetable oil market has been segmented into palm oil, soybean oil, sunflower oil, canola oil, coconut oil, palm kernel oil, and others. Among these, palm oil currently holds the majority of the total market share.

Based on the application, the North America vegetable oil market can be divided into food industry, biofuels, and others. Currently, the food industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America vegetable oil market.

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North America Vegetable Oil Market Report by Oil Type (Palm Oil, Soybean Oil, Sunflower Oil, Canola Oil, Coconut Oil, Palm Kernel Oil, and Others), Application (Food Industry, Biofuels, and Others), and Country 2024-2032
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