North America Vegetable Oil Market Size, Growth Factors and...

North America Vegetable Oil Market Size, Growth Factors and Forecast Report 2023-2028

Posted 2023-08-02 16:47:11

IMARC Group, a leading market research company, has recently released a report titled “North America Vegetable Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the North America vegetable oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the North America Vegetable Oil Market?

Report Attributes	Details
Growth rate (2023 to 2028)	CAGR of 4.87%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is Vegetable Oil?

Vegetable oils are plant-based oils extracted from nuts, seeds, fruits, etc. They contain numerous essential nutrients, including omega-3 and omega-6 fatty acids, polyunsaturated, monounsaturated, and saturated fats, vitamin E, etc. Vegetable oils improve digestion and metabolism, reduce the risk of cardiovascular diseases, lower cholesterol levels, etc. They are readily available, lesser volatile, more affordable and viscous, and offer better pressure performance than mineral oils. As a result, vegetable oils find extensive applications across several industries, such as food, personal care, biofuels, etc.

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What are the Growth Prospects and Trends in the North America Vegetable Oil Industry?

The increasing utilization of vegetable oils in the food industry owing to the growing consumption of convenient and fast-food items, including potato chips, French fries, mayonnaise, etc., is primarily driving the North America vegetable oil market. Moreover, the growing demand for these oils as a base for flavored content and as a shortening agent to enhance the texture of food products is also augmenting the regional market. Besides this, various inedible vegetable oils are gaining traction in industrial applications, including the manufacturing of pharmaceutical and cosmetic products, paints, lubricants, etc. Furthermore, the rising number of regulations in the region pertaining to the disposal and recyclability of petrochemicals, which is encouraging the usage of vegetable oils in biodiesel or biofuel production, is expected to catalyze the North America vegetable oil market over the forecasted period.

What is Included in Market Segmentation?

The report has categorized the market based on oil type and application.

Report Scope:

North America Vegetable Oil Market
Key Regions Analysed
- United States
- Canada
- Mexico
Analysis for Each Country
Market by Oil Type
- Palm Oil
- Soybean Oil
- Sunflower Oil
- Canola Oil
- Coconut Oil
- Palm Kernel Oil
- Others
Market by Application
- Food Industry
- Biofuels
- Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
- Competitive Structure
- Key Player Profiles

Who are the Key Players Operating in the North America Vegetable Oil Market?

The competitive landscape of the industry has also been examined with some of the key players.

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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