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The North America vegetable oil market reached a volume of 19.6 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026. 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America vegetable oil market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on oil type and application.
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.
|Base Year of the Analysis||2020|
|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)|
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