VEGETABLE OILS MARKET ANALYSIS

Regional Analysis

Global Vegetable Oils Market: Regional Insights

Based on geography, the global vegetable oils market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is expected to dominate the global vegetable oil market over the forecast period owing to the high consumption of mayonnaise along with the growing popularity of fast food. Vegetable oil is widely used in the preparation of mayonnaise. The US mayonnaise market was valued at USD 2,165 million in 2022, and it is projected to reach USD 2,546 million by 2030, registering a CAGR of 2.05% during the forecast period.

Europe is also expected to witness fastest growth in the global market owing to the high production of vegetable oil in the region. According to the Coherent Market Insights analysis, the volume of the Spanish oil market stood at 3,257 thousand metric ton in 2022, and it is projected to reach 3,810 thousand metric ton by 2030, registering a CAGR of 1.98% during the forecast period.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East