A
new study by Transparency Market Research (TMR) presents a complete
overview of the market for global edible oil by evaluating its
driving forces, limitations, market trends, opportunities, and growth
prospects. The report, titled “In-store Health Clinics Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2016 - 2024,” states that the rising demand food products, owing to
the surge in the global population, is the key driving force behind
the remarkable growth in the demand for edible oil across the world.
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Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10979
The
continual increase in the count of fast food joints and restaurants
and the substantial growth in various finished food product
industries have also added significantly to this growing demand in
the recent times. Over the next few years, the increasing research
and development activities, leading to the production of oil with low
fat content and additional nutrients, such as rice bran oil, is
expected to propel the worldwide market for edible oil substantially.
Apart from this, the increasing preference for refined oil, thanks to
the growing awareness regarding health and fitness, is also projected
to influence this market positively in the long run, notes the
research study.
The
report studies the global market for edible oil on the basis of
product and the geographical spread. Based on product, the market has
been categorized into soybean, rapeseed palm oil, and sunflower.
Among these, palm oil is the most preferred edible oil across the
world, accounting for a share of nearly 30% in the overall market.
Geographically,
the research study has segmented the worldwide market for edible oil
into Asia Pacific, Europe, North America, and the Rest of the World.
Asia Pacific is projected to emerge as the most promising market for
edible oil over the next few years. The consumption of edible oil is
predicted to increase remarkably in this region due to the growing
population in China and India, creating new growth opportunities for
manufacturers. China is likely to lead in terms of vegetable oil
consumption, trailed by Europe, states the report.
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