Makreo Research has published a study on Edible Oil demand and supply, report titled “Global Edible Oil Market Future Forecast to 2027- COVID-19 and Russia-Ukraine War Impact Assessment” is a detailed study that offers the reader to understand the market from the prospect of economy, edible oil production and consumption prospects and consumer behavior and other external factors. The study embarks several macro-economy factors and industry factors that have an influence over the edible oil market. The report discusses market revenue and forecast and also helps to understand the industry challenges and opportunities.
Global Oil Market is divided into two segment that is edible oil market and non-edible oil market. Edible oil accounts for the major market share of 76% in the industry. Edible Oils are extracted directly from oilseed grains, nuts, and tree fruits to make edible oils. The Global Edible Oil market was valued at USD 217.71 Billion in 2021 and it is expected to reach USD 496.80 Billion by 2027. Market witnessed a positive growth during the year 2020 despite the outbreak of the virus, owing to the increasing demand for food. In 2021, the market registered a growth rate of 36% from 2020. The volume for the vegetable oil market stood at 211.71 million metric tons in 2021 and is projected to reach 217.72 million metric tons by 2022. With the growing popularity of vegan diets, the food business maintained a significant market share. A variety of oils are also utilized as food supplements due to their nutrient content or supposed medical effects. Palm oil held the largest market in the Global Edible Oil market, as palm oil is one of the world's most commonly used cooking oils. Region wise, APAC holds the major share due to massive demand from the food and other industrial sectors, Asia-Pacific has the highest growth rate in the world, owing to a growing percentage of health-conscious consumers, rising population, and evolving living standards, as well as the expansion of key palm oil-producing nations in the region.
Impact of COVID-19: The COVID-19 pandemic left profound impact on the expansion of the vegetable oil Industry. Amid the pandemic there were supply chain disruptions, supply declines, disruptions in various industries such as the food and beverage industry which negatively impacted the growth of the market. However, on the demand side the consumers were willing to pay and get the edible oil as it is an essential product, the food industry was overwhelmed by the responsibility to meet the requirements when needed, especially during lockdowns.
Impact of Indonesia Ban: Indonesia is one of the biggest users of palm oil in addition to being one of its greatest producers. Prices for crude palm oil skyrocketed as a result of the export prohibition. Globally, the Indonesian export prohibition caused food prices to rise, leading to high inflation rates. Moreover, because palm oil is used in 50% of packaged meals and associated products, the price increase also affected other end-user businesses.
Impact of Russia Ukraine War: The production and supply of vegetable oil, a vital part of nutrient components, have been disrupted by the war. Due to shortages brought on by the war crisis, the price of these vegetable oils has increased, making it difficult for many people to purchase. Additionally, it has sparked countermeasures from trade and biofuel regulations, raising prices. The oil contains a variety of vitamins and nutrients, including Omega 3, Omega 6, Vitamins A, E, and K, all of which are crucial for a balanced diet. However, the danger of increased food prices has caused some to lose access to vegetable oil.

Further Key Findings
- Rising Demand for Processed Foods: Increased consumption of processed foods around the world is expected to play a vital role in the market growth of edible oils. Rise in per-capita income coupled with growing urbanization will surge the demand for edible oil used in processed food products and also bolsters economic activates between various exchequers in the market.
- Growing Preference for health Oils: The major variables for the global edible oil business is the growing popularity of low-calorie oils. Consumers have become more health-conscious, and they have begun to favor low-cholesterol edible oils such as canola, olive, and rice bran oil to avoid the significant risk of coronary heart disease, stroke, and type 2 diabetes linked to trans-fat consumption.
- Growing Demand for Healthy Cooking Oil: People all around the world are choosing healthy oils such as vegetable oil, olive oil, pam oil, avocado oil, and others, therefore the edible oil industry is expanding at a rapid pace as people's living levels rise, encouraging them to purchase high-quality foods for their diet.
- Use of Edible Oils in Personal Care Products: With the increased use of specific types of edible oil in personal care and beauty products the overall demand for edible oil has seen a tremendous increase. The edible oil such as palm oil, sesame oil, coconut oil, almond oil etc., has added nutrients and vitamins in it such as Vitamin A, Vitamin E, Omega 3, Omega 6, and various added nutrients which helps in making the skin supple with such nutrients along with proper hydration and blood circulation.

The study discusses below mentioned areas in detail:
COVID-19 Impact Assessment: COVID-19 has proven to be a turning point for the Edible Oil market, but there are global challenges that are affecting industry performance. Moreover, Health risks and food crises have a long-term impact on the consumer demand during COVID-19. Consumers worry about food hygiene and their personal health drove purchases at first, resulting in a boom in sales. This chapter help the reader to understand the shifts in the industry after the virus outburst.
Impact of Indonesia Ban: Indonesia is the world’s leading producer as well as exporter of palm oil. The sudden ban over the export was shock to the regions across the world in the report we have discussed the impact of Ban as well as lifting of Indonesia Export Ban.
Impact of Russia Ukraine war: The Russia Ukraine war has been a turning point for the Global Edible Oil Market. The report discusses how the war impacted the edible oil prices and further expected challenges industry may face.
Market Assessment: The report examines the global edible oil market in terms of various parameters such as the demand trend of organic edible oil, healthy cooking oil, advanced manufacturing trends and many others. The report examines edible oil market by application type (Food and Non-Food), by type of Oil and by Conventional and Organic, and by region. Demand assessment by region covers market performance in past, present and future.
Regions Assessed: North America, Europe, Asia-Pacific, Rest of the World
Company’s Mentioned: ADM, Bunge, Adani Wilmar, GAR, Sime Darby, Nisshin Oillio, LDC

Key Questions Answered
1. How global edible oil market has performed in the past and what is the present state of the industry?
2. What is the vegetable oil industry and what are the key segments?
3. What is the production and consumption rate and also study the gap assessment?
4. How edible oil market reacted to COVID-19 and also events such as Russia-Ukraine was and Indonesia palm oil export ban?
5. Which geography/region has a dominance over the edible oil market?
6. How global edible oil market is segmented and what are the dominating and rapidly evolving segments?
7. What is the expected future performance of the global edible oil market despite the external challenges?
8. What are the major driving forces and what recent trends are prevailing in the market?
9. Who are the key players in the market and how their business is positioned?
10. How global edible oil market is segmented by oil type and what is the performance of major types of oils for instance: Palm Oil, Soya Oil, Rapeseed Oil, Sunflower Oil, Cottonseed Oil, Groundnut Oil and Rice Bran Oil?

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Makreo Research and Consulting is one of the best market research company in India that is known for its unique approach in conducting research study. Recently Makreo Research has published a research study on Global Edible Oil Market Future Forecast to 2027- COVID-19 and Russia-Ukraine War Impact Assessment that helps to identify the challenges present in the market and future opportunities to grab. To review the coverage, please click here https://www.makreo.com/report/global-edible-oil-market-future-forecast-to-2027-covid-19-and-russia-ukraine-war-impact-assessment

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