Dublin, Aug. 16, 2023 (GLOBE NEWSWIRE) -- The "Oils Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This comprehensive report provides valuable insights into the global oils market, including market size, growth trends, regional analysis, and key developments.
Market Overview:
The global oils market is expected to grow from $89.68 billion in 2022 to $96.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The market is projected to reach $118.91 billion in 2027 at a CAGR of 5.5%. The oil market includes sales of various oils, such as clove oil, kerosene, olive oil, coconut oil, petroleum oils, paraffin, and basil oil.
Key Drivers and Trends:
Product innovations are a key trend gaining popularity in the oils market. Major companies operating in the industry are focusing on developing new products to sustain their position. For instance, KTC Edibles Ltd., a UK-based manufacturer and distributor of edible oils, recently launched certified sustainable hard palm kernel oil (KPKO), which is acceptable for vegans and low in trans fats. Groupe Berkem, an Italy-based chemical company, acquired Biopress, a France-based producer of 100% natural vegetable oils and proteins, to expand its portfolio in the 'Health, Beauty, and Nutrition' field.
Regional Analysis: Asia-Pacific was the largest region in the oils market in 2022, and it is expected to be the fastest-growing region in the forecast period. The report covers key regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Players:
Major players in the oils market include Associated British Foods PLC, Archer Daniels Midland Company, Bunge Limited, Wilmar International Limited, United Plantations Berhad, Unilever PLC, Mewah International Inc., Sime Darby Plantation Berhad, Cargill Inc, Richardson International, Kulim (Malaysia) Berhad, IOI Corporation Berhad, Abu Dhabi Vegetable Oil Co LLC, Parakh Foods and Oils Limited, and AarhusKarlshamn.
Reasons to Purchase:
- Gain a comprehensive understanding of the oils market with in-depth analysis of current and future scenarios.
- Identify growth segments and investment opportunities.
- Stay ahead of the competition with forecast data and analysis.
- Benchmark performance against key competitors.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $96.14 billion |
| Forecasted Market Value (USD) by 2027 | $118.91 billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/vzs4ta
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