Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 192.84 Billion | USD 348.61 Billion | CAGR at 6.80% | 2023 |
According to the report published by Zion Market Research, the global Salad Oil Market size was valued at USD 192.84 Billion in 2023 and is predicted to reach USD 348.61 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.80% during the forecast period. The report analyzes the global Salad Oil Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Salad Oil Market industry.
Salad oil is extracted by cold pressing the vegetable sources like seeds, nuts, or fruits. It is a tasty vegetable oil that is light in viscosity and is ideal for salad dressing. It also helps impart specific consistency and flavor to the salad. The common sources include canola, sunflower, soybean, and peanut. Salad oil is widely used in the food sector in the preparation of bakery mixes, salad dressing, and sometimes for pizza crust. In hotels, houses, and restaurants, this salad oil is widely used for preparing bread dips over food apart from salad dressings.
The global salad oil market is highly driven by the growing inclination of convenience and processed food products all across the world. Processed foods like salad dressings and mayonnaise initially originated in the European region, where they were consumed on a large scale. But with the adoption of European food culture worldwide, the demand for different food products like antipasto along with different types of salad increased worldwide. Consequently, salad oil became the vital ingredient in different types of cuisine in different cultures globally.
It is healthy as it comes from natural sources and contains high content of monounsaturated fat phenols. Also, it is said to be free of trans fat and is very low in saturated fat content, thereby it lowers the risk of heart disease inflammation and aids in weight loss. In addition, the phenols hold antioxidant properties that are further likely to prevent neurodegenerative diseases, cardiovascular problems, and probable risk of diabetes. Simultaneously, the risk of such diseases is constantly increasing all across the world, and people are inclining towards salad oil more than before. Thereby it is likely to create several lucrative growth opportunities in the global salad oil market.
The Covid-19 outbreak has impacted the global salad oil market as the manufacturing unit shutdowns and disturbances in the supply chain have downgraded the market value, but with the ease in lockdowns, the market has again bounced back and it is now expected to grow manifolds as people are striving hard to adopt healthy food options in their daily lives. In addition, manufacturers are coming with a more advanced type of salad oils like organic, SQF certified, and non-GMO products to expand the customer base globally. Also, the shifting consumer perception is further inducing manufacturers to innovate products with improvised properties thereby the market is likely to grow indefinitely in the forthcoming years.
The global salad oil market can be segmented into the distribution channel, source, industry vertical, nature, and region.
By distribution channel, the market can be segmented online and others.
By industry vertical, the market can be segmented into food, beverages, and others.
By source, the market can be segmented into olive oil, soybean oil, peanut oil, corn oil, sunflower oil, and others.
By nature, the market and the segmented into organic and conventional.
Report Attributes | Report Details |
---|---|
Report Name | Salad Oil Market Research Report |
Market Size in 2023 | USD 192.84 Billion |
Market Forecast in 2032 | USD 348.61 Billion |
Growth Rate | CAGR of 6.80% |
Number of Pages | 196 |
Key Companies Covered | Columbus Vegetable Oils, AG Processing Inc., Stratas Foods, Sovena Group, COFCO Corporation, Avatar Corporation, PYCO Industries, Cargill Inc., Salad Oils International Corporation, and Trio Agencies, Melrose PLC. |
Segments Covered | By Distribution channel, By Source, By Industry vertical, By Nature and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global salad oil market due to the growing consciousness among people regarding adopting a healthier food option. Furthermore, the growing incidences of chronic diseases in the region are also compelling people to have hands-on salad oil to prevent their diseases.
Asia Pacific has emerged as the leading region in the global salad oil market due to the growing disposable income of the people in the region. Furthermore, the transforming lifestyle of people in the region is also encouraging the growth of the regional market.
Some of the significant players in the global salad oil market are:
By Distribution channel
By Source
By Industry vertical
By Nature
Global Salad Oil Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The global salad oil market is highly driven by the growing inclination of convenience and processed food products all across the world. Processed foods like salad dressings and mayonnaise initially originated in the European region, where they were consumed on a large scale. But with the adoption of European food culture worldwide, the demand for different food products like antipasto along with different types of salad increased worldwide.
Some of the significant players in the global salad oil market are Columbus Vegetable Oils, AG Processing Inc., Stratas Foods, Sovena Group, COFCO Corporation, Avatar Corporation, PYCO Industries, Cargill Inc., Salad Oils International Corporation, and Trio Agencies, Melrose PLC.
North America accounts for the largest share in the global salad oil market due to the growing consciousness among people regarding adopting a healthier food option. Furthermore, the growing incidences of chronic diseases in the region are also compelling people to have hands-on salad oil to prevent their diseases.
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