市場調查報告書
商品編碼
1408052
全球植物油市場評估:依特性、類型、銷售管道、萃取方法、包裝類型、最終用途、地區、機會、預測(2017-2031)Vegetable Oil Market Assessment, By Nature, By Type, By Sales Channel, By Extraction Method, By Packaging Type, By End-use, By Region, Opportunities, and Forecast, 2017-2031F |
全球植物油市場規模估計為2.512億噸,預計2031年將達到3.233億噸,2024-2031年預測期間複合年增長率為3.2%。
全球植物油市場顯著成長,主要是由於全球食品服務業的擴張以及植物油在生物燃料生產中的利用率不斷增加。由於全球市場參與者決心推出創新產品,這種成長預計將持續下去。雖然食品應用佔植物油市場的很大一部分,但非食品和工業領域預計將成長更快。這種加速歸因於生質柴油產業,凸顯了非食用植物油的多樣化用途。隨著市場的發展,消費者偏好的變化、技術進步和永續發展舉措等因素預計將相互作用,進一步塑造植物油產業在預測期內的發展軌跡。
在亞太地區,中國佔植物油消費和生產的最大份額。儘管產量很高,但消費超過生產,導致進口多於出口。此外,中國進口過剩石油以滿足國內需求,佔亞洲總產量的一半以上。此外,馬來西亞和泰國也是亞洲最大的石油生產國之一,印度是僅次於美國和中國的世界第三大石油消費國。亞太地區在蔬菜產業的生產份額中佔據主導地位。棕櫚油是產量最多的油,大部分產自馬來西亞和印尼。隨著印尼國內棕櫚油的使用量持續增加,特別是生物燃料的使用量,棕櫚油也對全球植物油價格造成壓力。除此之外,由於2023年11月棕櫚油進口量較高,印度11月棕櫚油進口量成長22%,12月成長13%。
對強化植物油的高需求主要是由於越來越多具有健康意識的消費者尋求營養益處。這一趨勢與提倡積極主動解決營養缺乏問題的飲食指南和健康運動是一致的。為了滿足不斷增長的需求,該行業策略性地將重點放在創新上。公司正積極致力於開發和推廣強化植物油,以應對健康意識日益增強的市場。這種轉變反映了消費者的偏好,並凸顯了該行業致力於順應不斷變化的健康和保健趨勢,從而為人們的整體福祉做出貢獻。
在 COVID-19 大流行期間,植物油行業面臨巨大的挑戰,由於封鎖期間更多的人在家做飯,需求激增。該行業還面臨勞動力短缺、運輸中斷以及影響生產和分銷的全球供應鏈問題。這些挑戰導致價格波動並為市場帶來不確定性。同時,由於健康問題的增加,大流行引發了消費者對更健康油的偏好的轉變。這一變化影響了市場動態,並導致注重健康的選擇的價格波動。這場危機凸顯了該產業在物流障礙中努力適應不斷變化的消費者行為。
由於植物油富含必需維生素,植物油市場預計將成長。這種積極的前景源於植物油在食品和非食品行業的廣泛使用。製造商採取支持性的政府政策和舉措以及可持續的商業實踐預計將塑造市場的成長軌跡。此外,植物油在各個行業中的使用不斷增加,進一步增加了樂觀的前景。作為含有必需營養素的多功能產品,植物油能夠滿足不斷增長的市場需求,並已成為不斷發展的全球經濟格局的中流砥柱。
本報告研究和分析了全球植物油市場,提供市場規模和預測、市場動態、主要參與者趨勢和前景等。
Global vegetable oil market size was estimated to be 251.2 million tonnes, which is expected to reach USD 323.3 million tonnes in 2031, with a CAGR of 3.2% for the forecast period between 2024 and 2031. Vegetable oil refers to a plant derived lipid extracted from various seeds, fruits or nuts, serving into a culinary and industrial segment. Vegetable oil is commonly used oil including soybean, canola, olive and sunflower oil. In the culinary segment, vegetable oil serves as a cooking medium, adding flavor and texture to a wide array of dishes. Additionally, it also prevents in salad dressing and marinades.
Beyond the kitchen, vegetable oil has its application in industrial segment owing to biodiesel production, lubrication, and also as a component in cosmetic and pharmaceutical industry. The versatility of vegetable oil extends its nutritional benefits, containing unsaturated fats that also contribute to heart health. Furthermore, it has been demonstrated that eating foods high in monounsaturated fats, such as almond oil, canola oil, sunflower oil, hazelnut oil, and olive oil, raises good cholesterol levels and lowers the risk of heart and cardiovascular diseases. Additionally, it also contains vitamin E which acts as an antioxidant.
In 2022, Foreign Agriculture Service of USDA stated that Canada has emerged as a prominent import market for vegetable oils (excluding soybean), with a substantial export value of USD 373.73 million. This highlights the nation's significant demand for vegetable oil, showcasing their integral role in both culinary and industrial applications. The diverse uses of vegetable oils, from cooking to various industrial processes, contribute to their growing market presence in Canada, reflecting a combination of economic, dietary, and industrial factors driving the consumption of vegetable oil.
Global vegetable oil market is witnessing significant growth, primarily driven by the expanding foodservice industry worldwide and the increasing utilization of vegetable oils in biofuel production. This growth is forecasted to continue due to the determined efforts of global market participants to introduce innovative products. While food applications constitute a substantial portion of the vegetable oil market, the non-food, industrial segment is anticipated to experience a faster growth. This acceleration is attributed to the biodiesel industry, emphasizing the versatile applications of vegetable oils beyond culinary uses. As the market evolves, the interplay of factors such as changing consumer preferences, technological advancements, and sustainability initiatives will further shape the trajectory of the vegetable oil industry during the forecast period.
For instance, in July 2022, Eni has launched the world's first integrated project for vegetable oil production in Kenya, marking a significant step in Africa's inclusion in the vertical bio-refinery supply chain. With an initial capacity of 15,000 tons, the oilseed collection and pressing plant (agri-hub) in Makueni started production with the goal of producing 2,500 tons by 2022. The project aligns with Eni's sustainability goals, contributing to carbon neutrality by 2050. Notably, the initiative engages 25,000 local farmers, providing income opportunities and prioritizing social development owing to 200 people per day at the construction centre.
In Asia-Pacific, China holds the largest share of vegetable oil consumption, as well as production. Despite the high production volume, consumption exceeds the production volume, leading to higher import volumes relative to export volumes. Furthermore, China imports extra oil to meet domestic demand, making up over half of Asia's total production. Furthermore, Malaysia and Thailand are also among the largest oil producers in Asia and India is the third-largest oil-consuming country in the world, after the United States and China. Asia-Pacific dominates the production share in the vegetable industry. Palm oil is the most produced oil, and it is mostly produced in Malaysia and Indonesia. Additionally, because Indonesia continues to use more palm oil domestically, particularly for biofuels, palm oil has put higher pressure on the price of vegetable oil globally. In addition to this, in November 2023, high imports of palm oil increased Indian imports for palm oil by 22% in November and 13% in December.
The heightened demand for stimulated vegetable oil is primarily attributed to the increasing number of health-conscious consumers seeking enhanced nutritional benefits. The trend aligns with dietary guidelines and public health campaigns advocating a proactive approach to address nutritional deficiencies. In response to the growing demand, the industry has strategically emphasized innovation. Companies are actively developing and promoting fortified vegetable oils to cater to a market that is becoming increasingly health conscious. The shift reflects consumer preferences and highlights the industry's commitment to align with evolving health and wellness trends, thereby contributing to the population's overall well-being.
For instance, USAID Advancing Food Fortification Opportunities to Reinforce Diets (AFFORD) project was started in 2022 in the view of economically and nutritionally vulnerable population groups, especially women and children who lack essential nutrients, like vitamin A, iron, folic acid, zinc, and iodine, in their diets poses a significant global health risk. The fortification of vitamins and minerals into vegetable oils is expected to grow the market globally.
The vegetable oil industry confronted substantial challenges amid the COVID-19 pandemic, marked by a surge in demand, as more people were cooking at home during lockdowns. Also, the sector struggled with labour shortages, transportation disruptions, and global supply chain issues, impacting production and distribution. These challenges resulted in price fluctuations, introducing uncertainties in the market. Simultaneously, the pandemic catalyzed a shift in consumer preferences towards healthier oils, driven by heightened health concerns. The change influenced market dynamics, causing price fluctuations for these health-conscious options. The crisis underscored the industry's struggle to adapt to evolving consumer behaviour amid logistical hurdles.
Vegetable oil market is anticipated to grow due to its rich content of essential vitamins. The positive outlook stems from the widespread uses of vegetable oil in both the food and non-food industries. Supportive government policies and initiatives, and manufacturers adopting sustainable business practices, are expected to shape the market's growth trajectory. Additionally, increasing vegetable oil applications across diverse industries further contribute to the optimistic outlook. As a versatile product with essential nutrients, vegetable oil is positioned to meet the demands of a growing market, making it a key player in the evolving global economic landscape.
For instance, in November 2021, Cargill Incorporated made a strategic move by investing USD 35 million to upgrade and acquire an edible oil refinery in Nellore, India. This significant investment allowed Cargill to enhance its existing supply chain, effectively meeting the growing demands of its customers. The upgrade aimed at increasing the facility's production capacity, positioning Cargill to capitalize on the expanding market for edible oils. By strengthening its operations in Nellore, Cargill tried to solidify its position as a key player in the global agribusiness landscape.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.