North America Vegetable Oil Market Report and Forecast 2023-2028

North America Vegetable Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1700

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Market Overview:

The North America vegetable oil market is expected to exhibit a growth rate (CAGR) of 4.87% during 2023-2028.

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 sub-segment of the North America vegetable oil market report, along with forecasts at the regional and country level from 2023-2028. 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	2022
Historical Period	2017-2022
Forecast Period	2023-2028
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$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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 4.87% during 2023-2028.

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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