Cooking Oil Market by Type (Soyoil, Rapeseed/Canola Oil, Palm Oil, Sunflower Oil, Corn Oil, Peanut Oil, Olive Oil, Others), by Application (Food Service, Household, Food Processing), by By Type (Soyoil, Rapeseed/Canola Oil, Palm Oil, Sunflower Oil, Corn Oil, Peanut Oil, Olive Oil, Others), by Europe (Germany, France, U.K., Netherlands, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (UAE, South Africa, Rest of ME&A) Forecast 2024-2032
The Cooking Oil Market size was valued at USD 186.55 Billion in 2023 and is projected to reach USD 346.09 Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. Cooking oil is a fat used in food preparation to enhance flavor, texture, and cooking processes. It comes in several types, including vegetable oil, olive oil, canola oil, and coconut oil, each with distinct properties. Vegetable oil, often made from soybeans or corn, is versatile and neutral in flavor. Olive oil, known for its health benefits, has a robust flavor and is ideal for Mediterranean dishes. Canola oil, derived from rapeseed, has a high smoke point, making it suitable for frying. Coconut oil adds a subtle tropical flavor and is solid at room temperature. Cooking oils are chosen based on their smoke point, flavor, and intended cooking method, affecting both the healthfulness and outcome of the dish.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
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Note* : In applicable scenarios
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