Market Overview:
Vegetable oil is a natural oil that is extracted from the seeds, nuts and fruits of plants. It serves as a source of nutrients and industrial raw materials to mankind. Vegetable oil is today found in absolutely everything from food and household products, to make-up products and cosmetics. In the food industry, vegetable oil is used as a cooking oil and as a constituent to margarine, non-dairy creamers and ice cream. It is also used in products where animal fats are deplorable on religious grounds. Moreover, the fatty acids derived from vegetable oil are also used in the production of cosmetics, bactericides and pharmaceuticals. Traditionally, the non-food uses of vegetable oil have been in the manufacturing of soaps, detergents as well as in the production of greases, lubricants and candles. Lately, the biofuel market has provided a significant non-food use for vegetable oil where it is considered as an alternative to mineral oil for use in power stations and as a feedstock for the production of biodiesel. As a result, the global vegetable oil market is growing at a healthy pace. Several other factors strengthening the demand for vegetable oil include population growth, improving living standards, changing dietary habits and an increasing demand particularly in emerging countries. According to IMARC Group, the global vegetable oil market grew at a CAGR of 3.6% during 2014-2019 with consumption volume reaching 207.5 Million Tons in 2019.
IMARC’s latest study “Vegetable Oil (Palm Oil, Canola Oil, Coconut Oil and Soybean Oil) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” provides a detailed insight into the global vegetable oil market. The report has segmented the market on the basis of types, applications and major regions. The global vegetable oil market is largely dominated by palm oil contributing for more than one-third of the total vegetable oil consumption. Palm oil is followed by soybean oil, canola oil and sunflower seed oil. Based on applications, the majority of the total vegetable oil produced is consumed by the food industry. The food industry is followed by industrial usage and the biofuel industry. Region-wise, Indonesia represents the largest producer of vegetable oil accounting for nearly one-fifth of the total global production. Indonesia is followed by China, Malaysia and the European Union. The report has also analyzed some of the key players operating in the global vegetable oil market which include Cargil, ADM, Louis Dreyfus, Bunge and Wilmar.
This report provides a deep insight into the global vegetable oil industry 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. The report also provides a comprehensive analysis for setting up a vegetable oil manufacturing plant. The study analyzes the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the vegetable oil industry in any manner.
Key Questions Answered in This Report:
Due to the outbreak of the coronavirus disease (COVID-19) and the consequent lockdowns, there has been a significant decline in the demand for vegetable oil on account of the closure of hotels, restaurants, and catering services.
The global vegetable oil market is expected to reach 233.1 Million Tons by 2025.
The global vegetable oil market size was estimated at 200.3 Million Tons in 2019.
The thriving food and beverage industry, coupled with the significant increase in the sales of convenience foods due to hectic lifestyles, increasing disposable incomes and changing dietary patterns, is bolstering the market growth.
One of the leading trends in the global vegetable oil market is the introduction of minimally processed and organic products on account of the rising health consciousness among consumers.
Based on the oil type, palm oil represents the most preferred product. Other major types include soybean, sunflower, canola, coconut, and palm kernel.
On the basis of the application, the market has been classified into the food industry, biofuels, and others. Amongst these, the food industry exhibits a clear dominance in the market.
Region-wise, Indonesia holds the leading position in the market. Other major regions include the United States, India, Europe, China, Malaysia, and Brazil.
The leading industry players are Archer Daniels Midland (ADM) Company, Bunge Limited, Cargill, Incorporated, Louis Dreyfus Company B.V., and Adani Wilmar Limited.
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 Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Region
5.5 Market Breakup by Oil Type
5.6 Market Breakup by Application
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Input Suppliers
5.9.2 Farmers
5.9.3 Collectors
5.9.4 Manufacturers
5.9.5 Distributors
5.9.6 Retailers
5.9.7 End-Consumers
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Key Price Indicators
5.11.2 Price Structure
5.11.3 Price Trends
5.12 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 China
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 United States
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 India
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Europe
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Indonesia
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Malaysia
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Brazil
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market by Oil Type
7.1 Palm Oil
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Soybean Oil
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Sunflower Oil
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Canola Oil
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Coconut Oil
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Palm Kernel Oil
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market by Application
8.1 Food Industry
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Biofuels
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
10 Vegetable Oil Manufacturing
10.1 Product Overview
10.1.1 Palm Oil
10.1.2 Canola Oil
10.1.3 Coconut Oil
10.1.4 Soybean Oil
10.2 Detailed Process Flow
10.2.1 Palm Oil
10.2.2 Canola Oil
10.2.3 Coconut Oil
10.2.4 Soybean Oil
10.3 Various Types of Unit Operations Involved
10.3.1 Palm Oil
10.3.2 Canola Oil
10.3.3 Coconut Oil
10.3.4 Soybean Oil
10.4 Mass Balance and Raw Material Requirements
10.4.1 Palm Oil
10.4.2 Canola Oil
10.4.3 Coconut Oil
10.4.4 Soybean Oil
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Layout
11.4 Plant Machinery
11.5 Machinery Pictures
11.6 Raw Material Requirements and Expenditures
11.7 Raw Material and Final Product Pictures
11.8 Packaging Requirements and Expenditures
11.9 Transportation Requirements and Expenditures
11.10 Utility Requirements and Expenditures
11.11 Manpower Requirements and Expenditures
11.12 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Player Profiles
14.1 ADM
14.2 Bunge
14.3 Cargill
14.4 Louis Dreyfus
14.5 Willmar
List of Figures
Figure 1: Global: Vegetable Oil Market: Major Drivers and Challenges
Figure 2: Global: Vegetable Oil Production: Volume Trends (in Million Tons), 2014-2019
Figure 3: Global: Vegetable Oil Consumption: Volume Trends (in Million Tons), 2014-2019
Figure 4: Global: Vegetable Oil Consumption: Value Trends (in Billion US$), 2014-2019
Figure 5: Global: Vegetable Oil Market: Breakup by Region (in %), 2019
Figure 6: Global: Vegetable Oil Market: Breakup by Oil Type (in %), 2019
Figure 7: Global: Vegetable Oil Market: Breakup by Application (in %), 2019
Figure 8: Global: Vegetable Oil Consumption Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 9: Global: Vegetable Oil Consumption Forecast: Value Trends (in Billion US$), 2020-2025
Figure 10: Global: Vegetable Oil Industry: SWOT Analysis
Figure 11: Global: Vegetable Oil Industry: Value Chain Analysis
Figure 12: Global: Vegetable Oil Industry: Porter’s Five Forces Analysis
Figure 13: Global: Vegetable Oil Market: Average Price Trends (in US$/Ton), 2014-2019
Figure 14: Global: Vegetable Oil Market: Price Structure (in US$/Ton)
Figure 15: Global: Vegetable Oil Market Forecast: Average Price Trends (in US$/Tons), 2020-2025
Figure 16: China: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 17: China: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 18: United States: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 19: United States: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 20: India: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 21: India: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 22: Europe: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 23: Europe: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 24: Indonesia: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 25: Indonesia: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 26: Malaysia: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 27: Malaysia: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 28: Brazil: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 29: Brazil: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 30: Others: Vegetable Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 31: Others: Vegetable Oil Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 32: Global: Palm Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 33: Global: Palm Oil Market Forecast: Volume Trends (in Million Tons), 2020- 2025
Figure 34: Global: Soybean Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 35: Global: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2020- 2025
Figure 36: Global: Canola Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 37: Global: Canola Oil Market Forecast: Volume Trends (in Million Tons), 2020- 2025
Figure 38: Global: Sunflower Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 39: Global: Sunflower Oil Market Forecast: Volume Trends (in Million Tons), 2020- 2025
Figure 40: Global: Coconut Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 41: Global: Coconut Oil Market Forecast: Volume Trends (in Million Tons), 2020- 2025
Figure 42: Global: Palm Kernel Oil Market: Volume Trends (in Million Tons), 2014 & 2019
Figure 43: Global: Palm Kernel Oil Market Forecast: Volume Trends (in Million Tons), 2020- 2025
Figure 44: Global: Vegetable Oil Market: Food Industry (in Million Tons), 2014 & 2019
Figure 45: Global: Vegetable Oil Market Forecast: Food Industry (in Million Tons), 2020- 2025
Figure 46: Global: Vegetable Oil Market: Biofuels (in Million Tons), 2014 & 2019
Figure 47: Global: Vegetable Oil Market Forecast: Biofuels (in Million Tons), 2020- 2025
Figure 48: Global: Vegetable Oil Market: Other Use (in Million Tons), 2014 & 2019
Figure 49: Global: Vegetable Oil Market Forecast: Other Use (in Million Tons), 2020- 2025
Figure 50: Palm Oil Manufacturing: Detailed Process Flow
Figure 51: Soybean Oil Manufacturing: Detailed Process Flow
Figure 52: Canola Oil Manufacturing: Detailed Process Flow
Figure 53: Sunflower Oil Manufacturing: Detailed Process Flow
Figure 54: Palm Oil Manufacturing: Conversion Rate of Feedstocks
Figure 55: Soybean Oil Manufacturing: Conversion Rate of Feedstocks
Figure 56: Canola Oil Manufacturing: Conversion Rate of Feedstocks
Figure 57: Sunflower Oil Manufacturing: Conversion Rate of Feedstocks
Figure 58: Vegetable Oil Manufacturing: Proposed Plant Layout
Figure 59: Vegetable Oil Manufacturing: Breakup of Capital Costs (in %)
Figure 60: Vegetable Oil Industry: Profit Margins at Various Levels of the Supply Chain
Figure 61: Vegetable Oil Processing: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Vegetable Oil Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Vegetable Oil Market Forecast: Breakup by Region (in Million Tons), 2020-2025
Table 3: Global: Vegetable Oil Market: Breakup by Oil Type (in Million Tons), 2020-2025
Table 4: Global: Vegetable Oil Market: Breakup by End-Use (in Million Tons), 2020-2025
Table 5: Global: Vegetable Oil Market: Competitive Structure
Table 6: Vegetable Oil Manufacturing Costs Related to Land and Site Development (in US$)
Table 7: Vegetable Oil Manufacturing Costs Related to Civil Works (in US$)
Table 8: Vegetable Oil Manufacturing Plant: Machinery Costs (in US$)
Table 9: Vegetable Oil Manufacturing Plant: Raw Material Requirements
Table 10: Vegetable Oil Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Vegetable Oil Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Vegetable Oil Manufacturing Plant: Details of Financial Assistance Offered by Financial Institutions
Table 13: Vegetable Oil Manufacturing Plant: Vegetable Oil Processing Plant: Capital Costs (in US$)
Table 14: Vegetable Oil Manufacturing Plant: Techno-Economic Parameters
Table 15: Vegetable Oil Manufacturing Plant: Taxation and Depreciation
Table 16: Vegetable Oil Manufacturing Plant: Income Projections (in US$)
Table 17: Vegetable Oil Manufacturing Plant: Expenditure Projections (in US$)
Table 18: Vegetable Oil Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 19: Vegetable Oil Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 20: Vegetable Oil Manufacturing Plant: Profit and Loss Account (in US$)