The North America Vegetable Oil Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
North America Vegetable Oil Market is projected to grow at a CAGR of 4.01% during the forecast period 2020-2025.
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The 90 Pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in North America Vegetable Oil Market: Cargill, Incorporated, Fuji Oil Holding Inc., Archer Daniels Midland Company, AGYDSA, Ragasa – Derechos Reservados, Bunge Limited, Olam International Limited, Wilmar International Limited
– In North America, the market is driven by robust demand for organic health-based products, with increased consumption among health-conscious consumers of high-quality edible oils /cooking oils and the growing demand from various application areas.
– The food industry held a major market share with the growing popularity of vegan diets. In addition, a number of oils are used as food supplements (or “nutraceuticals”), for their nutrient content or purported medicinal effect.
Growing Consumption of Olive Oil
In North America, the consumption of olive oil has almost doubled over the last 25 years. The growing demand for oil has been driven mainly due to its associated health benefits. The antioxidant effects of olive oil give the product a wide range of applications in the pharmaceutical industry. Olive oil is being used in the treatment of many chronic diseases. Furthermore, Italy, United States and Spain are the leading olive oil-importing countries, comprising 45.8% share of the global import. Whereas, Spain, Italy, and Tunisia are the prominent olive oil exporting companies accounting for 62.9% share in the global export.
United States holds the Largest Market Share
According to the USDA report, the United States is the leading producer of soybean oil after China. During 2018-2019, the country produced 10,975 thousand metric ton of soybean oil, from which 881 thousand metric ton was exported to other regions. Moreover, domestic consumption was led by the strong demand for soybean oil for fuel applications, thereby, accounting 10,659 thousand metric ton, in terms of consumption value. Thus, this restricted the export value of the product. Furthermore, in United States, the consumption of palm oil is low. However, manufacturers are investing in increasing the application in the country, owing to its lower price and wide application in the food and personal care segments.
The major players of the market have a broad geographical presence and an extensive product portfolio to cater to numerous consumer demands. This factor assists the company to maintain a strong foothold in the market. Some of the major players are Cargill, Incorporated, Fuji Oil Holding Inc., Archer Daniels Midland Company, AGYDSA, Olam International Limited, Wilmar International Limited among others.
Influence Of The North America Vegetable Oil Market Report:
-Comprehensive assessment of all opportunities and risk in the North America Vegetable Oil market.
– North America Vegetable Oil market recent innovations and major events.
-A detailed study of business strategies for growth of the North America Vegetable Oil market-leading players.
-Conclusive study about the growth plot of North America Vegetable Oil market for forthcoming years.
-In-depth understanding of North America Vegetable Oil market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the North America Vegetable Oil market.
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The North America Vegetable Oil Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
The report has 150 tables and figures browse the report description and TOC:
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