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Global Edible Oils Market – Industry Trends and Forecast to 2026

Global Edible Oils Market – Industry Trends and Forecast to 2026

Submitted by • July 17, 2020 www.databridgemarketresearch.com

Global Edible Oils Market is expected to rise from its initial estimated value of USD 87.60 billion in 2018 to an estimated value of USD 131.91 billion by 2026, registering a CAGR of 5.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits of strong supply chain of chain of edible oil products and retail outlets.

Edible oil is extracted from vegetables, fruits and animals. These are most extensively used for cooking, though occasionally oils like coconut oil, almond oil and peanut oil are used for personal care in the making of hair oils and soaps. The various types of edible oils are available commercially but soybean, palm, rapeseed, and sunflower oils are prevalent among buyers. The consumption of canola oil, soybean oil, mustard oil, and olive oil in increasing at a high rate. The edible oils are used in both food and non-food items.

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