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North America Vegetable Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The North America vegetable oil market is expected to exhibit a CAGR of 4.95% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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 2022-2027. 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
2021
Historical Period
2016-2021
Forecast Period
2022-2027
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
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)
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology 3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends 5 Global Vegetable Oil Market
5.1 Market Performance
5.2 Market Breakup by Oil Type
5.3 Market Breakup by Application
5.4 Market Breakup by Region
5.5 Market Forecast 6 North America Vegetable Oil Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast 7 North America Vegetable Oil Market: Breakup by Oil Type
7.1 Palm Oil
7.2 Soybean Oil
7.3 Sunflower Oil
7.4 Canola Oil
7.5 Coconut Oil
7.6 Palm Kernel Oil
7.7 Others 8 North America Vegetable Oil Market: Breakup by Application
8.1 Food Industry
8.2 Biofuels
8.3 Others 9 North America Vegetable Oil Market: Breakup by Country
9.1 United States
9.1.1 Historical Market Trends
9.1.2 Market Breakup by Oil Type
9.1.3 Market Breakup by Application
9.1.4 Market Forecast
9.2 Canada
9.2.1 Historical Market Trends
9.2.2 Market Breakup by Oil Type
9.2.3 Market Breakup by Application
9.2.4 Market Forecast
9.3 Mexico
9.3.1 Historical Market Trends
9.3.2 Market Breakup by Oil Type
9.3.3 Market Breakup by Application
9.3.4 Market Forecast 10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats 11 Value Chain Analysis
11.1 Overview
11.2 Input Suppliers
11.3 Farmers
11.4 Collectors
11.5 Manufacturers
11.6 Distributors
11.7 Retailers
11.8 End-Consumers 12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes 13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: North America: Vegetable Oil Market: Major Drivers and Challenges
Figure 2: Global: Vegetable Oil Market: Volume Trends (in Million Tons), 2016-2021
Figure 3: Global: Vegetable Oil Market: Breakup by Oil Type (in %), 2021
Figure 4: Global: Vegetable Oil Market: Breakup by Application (in %), 2021
Figure 5: Global: Vegetable Oil Market: Breakup by Region (in %), 2021
Figure 6: Global: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 7: North America: Vegetable Oil Market: Volume Trends (in Million Tons), 2016-2021
Figure 8: North America: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 9: North America: Vegetable Oil Market: Breakup by Oil Type (in %), 2021
Figure 10: North America: Vegetable Oil (Palm Oil) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 11: North America: Vegetable Oil (Palm Oil) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 12: North America: Vegetable Oil (Soybean Oil) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 13: North America: Vegetable Oil (Soybean Oil) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 14: North America: Vegetable Oil (Sunflower Oil) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 15: North America: Vegetable Oil (Sunflower Oil) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 16: North America: Vegetable Oil (Canola Oil) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 17: North America: Vegetable Oil (Canola Oil) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 18: North America: Vegetable Oil (Coconut Oil) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 19: North America: Vegetable Oil (Coconut Oil) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 20: North America: Vegetable Oil (Palm Kernel Oil) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 21: North America: Vegetable Oil (Palm Kernel Oil) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 22: North America: Vegetable Oil (Others) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 23: North America: Vegetable Oil (Others) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 24: North America: Vegetable Oil Market: Breakup by Application (in %), 2021
Figure 25: North America: Vegetable Oil (Food Industry) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 26: North America: Vegetable Oil (Food Industry) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 27: North America: Vegetable Oil (Biofuels) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 28: North America: Vegetable Oil (Biofuels) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 29: North America: Vegetable Oil (Other Applications) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 30: North America: Vegetable Oil (Other Applications) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 31: North America: Vegetable Oil Market: Breakup by Country (in %), 2021
Figure 32: United States: Vegetable Oil Market: Volume Trends (in Million Tons), 2016-2021
Figure 33: United States: Vegetable Oil Market: Breakup by Oil Type (in %), 2021
Figure 34: United States: Vegetable Oil Market: Breakup by Application (in %), 2021
Figure 35: United States: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 36: Canada: Vegetable Oil Market: Volume Trends (in Million Tons), 2016-2021
Figure 37: Canada: Vegetable Oil Market: Breakup by Oil Type (in %), 2021
Figure 38: Canada: Vegetable Oil Market: Breakup by Application (in %), 2021
Figure 39: Canada: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 40: Mexico: Vegetable Oil Market: Volume Trends (in Million Tons), 2016-2021
Figure 41: Mexico: Vegetable Oil Market: Breakup by Oil Type (in %), 2021
Figure 42: Mexico: Vegetable Oil Market: Breakup by Application (in %), 2021
Figure 43: Mexico: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 44: North America: Vegetable Oil Industry: SWOT Analysis
Figure 45: North America: Vegetable Oil Industry: Value Chain Analysis
Figure 46: North America: Vegetable Oil Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: North America: Vegetable Oil Market: Key Industry Highlights, 2021 and 2027
Table 2: North America: Vegetable Oil Market Forecast: Breakup by Oil Type (in Million Tons), 2022-2027
Table 3: North America: Vegetable Oil Market Forecast: Breakup by Application (in Million Tons), 2022-2027
Table 4: North America: Vegetable Oil Market Forecast: Breakup by Country (in Million Tons), 2022-2027
Table 5: North America: Vegetable Oil Market: Competitive Structure
Table 6: North America: Vegetable Oil Market: Key Players
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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