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Dublin, March 02, 2021 (GLOBE NEWSWIRE) -- The "Vegetable Oil Market & Volume By Type, Production, Import & Export, Consumption, Production, Countries, Company Analysis, & Global Forecast" report has been added to ResearchAndMarkets.com's offering. The global Vegetable Oil Market is anticipated to grow to US$ 299.18 Billion by 2027. It is expected to grow with a CAGR of 3.30% from 2020 to 2027. Vegetable oils are attained from legitimate sources like seeds, nuts, and fruits. They find extensive applications in a zone ranging from food to household and personal care zones. They are of rich nutrient origin and are used in cooking, non-dairy creamers, and ice-cream. They are being used as a substitute for animal fats. It is used to make soaps, detergents, lubricants, greases, and candles in case of non-food applications. The expanding use of vegetable oil in food applications, prominently in blooming countries, aids the global market growth. The inclination in consumption of the economy is an outcome of the booming population, transposing diets, and higher standards of living. The further thrust to the market has been calculated by rising demand for its imports. The Major Drivers of the Global Vegetable Oil Market are: Surging use of vegetable oil in the food industry business as they pave a trans-fat free substitute.Growing demand for vegetable oils in the biofuel industry.Increasing health benefits of vegetable oils. Based on types and countries, the market has been further divided. Out of the total vegetable oil consumption, the palm kernel oil largely influences the global vegetable oil market. Palm kernel oil is succeeded by Palm Oil, Soybean Oil and Olive Oil. In the year 2020, Vegetable Oil Industry was at USD 238.30 Billion, and it has grown from there year on year.The food industry uses a major part of the total vegetable oil produced. The industrial usage and the bio-fuel industry succeed in the food industry. By country, China accounts for one of the big market contributing to the total global consumption of vegetable oil. The majority of the production volume share constitutes by Indonesia and China and is anticipated to continue its domination among the producing countries in the upcoming years. The leading industry players are Cargill, Archer Daniels Midland (ADM), Wilmar International Limited, Olam International Limited and Sime Darby Plantation Berhad.COVID-19 ImpactThere has been a noteworthy decline in the demand for vegetable oil on recital of the closure of hotels, restaurants, and catering services due to breakout of the coronavirus pandemic (COVID-19) and its resultant lockdowns. It has been projected that the global vegetable oil market will exhibit moderate growth during the next seven years. Key Topics Covered: 1. Introduction2. Research & Methodology3. Executive Summary4. Market Dynamics4.1 Growth Driver4.2 Challenges5. Global Vegetable Oil Market6. Share Analysis6.1 Market Share6.1.1 By Consumption6.2 Volume Share6.2.1 By Production6.2.2 By Imports6.2.3 By Exports7. Global Vegetable Oil Market & Volume7.1 Coconut Oil7.1.1 Market7.1.2 Volume7.2 Cottonseed Oil7.2.1 Market7.2.2 Volume7.3 Olive Oil7.3.1 Market7.3.2 Volume7.4 Palm Oil7.4.1 Market7.4.2 Volume7.5 Palm Kernel Oil7.5.1 Market7.5.2 Volume7.6 Peanut Oil7.6.1 Market7.6.2 Volume7.7 Rapeseed Oil7.7.1 Market7.7.2 Volume7.8 Soybean Oil7.8.1 Market7.8.2 Volume7.9 Sunflower Seed Oil7.9.1 Market7.9.2 Volume8. Production - Volume8.1 Coconut Oil8.2 Cottonseed Oil8.3 Olive Oil8.4 Palm Oil8.5 Palm Kernel Oil8.6 Peanut Oil8.7 Rapeseed Oil8.8 Soybean Oil8.9 Sunflower Seed Oil9. Import - Volume9.1 Coconut Oil9.2 Cottonseed Oil9.3 Olive Oil9.4 Palm Oil9.5 Palm Kernel Oil9.6 Peanut Oil9.7 Rapeseed Oil9.8 Soybean Oil9.9 Sunflower Seed Oil10. Export - Volume10.1 Coconut Oil10.2 Cottonseed Oil10.3 Olive Oil10.4 Palm Oil10.5 Palm Kernel Oil10.6 Peanut Oil10.7 Rapeseed Oil10.8 Soybean Oil10.9 Sunflower Seed Oil11. Consumption by Country11.1 China11.2 European Union11.3 India11.4 Indonesia11.5 United States11.6 Brazil11.7 Malaysia11.8 Thailand11.9 Japan11.10 Others12. Production by Country12.1 Indonesia12.2 China12.3 Malaysia12.4 European Union12.5 United States12.6 Brazil12.7 Other13. Import by Country13.1 India13.2 China13.3 European Union13.4 United States13.5 Malaysia13.6 South Korea13.7 Other14. Export by Country14.1 Indonesia14.2 Malaysia14.3 Russia14.4 Canada14.5 European Union14.6 Other15. Merger & Acquisitions16. Company Analysis16.1 Cargill16.1.1 Overview16.1.2 Recent Developments16.1.3 Revenues16.2 ADM16.2.1 Overview16.2.2 Recent Developments16.2.3 Revenues16.3 Wilmar International Limited16.3.1 Overview16.3.2 Recent Developments16.3.3 Revenues16.4 Sime Darby Plantation Berhad16.4.1 Overview16.4.2 Recent Developments16.4.3 Revenues16.5 Olam International Limited16.5.1 Overview16.5.2 Recent Developments16.5.3 Revenues For more information about this report visit https://www.researchandmarkets.com/r/afbrt9 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900