Food and Beverages North America Vegetable Oils Market | Page 2

North America Vegetable Oils Market Size, Share and Global Trend By Type (Soybean Oil,
Canola Oil, Corn Oil, Palm Oil, Coconut Oil, Palm Kernel Oil, Olive Oil, Cottonseed Oil,
Sunflower Oil, Peanut Oil, Safflower Oil, Sesame Oil, Linseed Oil, Castor Oil), By Application
(Food, Non-Food Use) & Geography Forecast till 2026
Report Highlights:
North America vegetable oils market is likely to gain momentum from a rise in the demand for
healthy edible oils that are infused with natural ingredients. According to a report published by
Fortune Business Insights, titled “North America Vegetable Oils : Market Analysis, Insights and
Forecast, 2019-2026,” the consumption of vegetable oil in North America was 22.89 Million
Tonnes in 2018. But it is projected to reach 32.89 Million Tonnes by the end of 2026, exhibiting
a CAGR of 4.7%.
Growth of the Processed Food and Foodservice Industries to Boost Market Growth
The report suggests that North America has been witnessing a growth of processed food
industry in the recent years. Additionally, there has been a growth of the foodservice industry
in the region. These two factors will help in boosting the North America vegetable oils market
growth.
Moreover, there has been a rise in the awareness campaigns regarding the harmful effects of
consuming unrefined and saturated fats that are procured from animals. This will further
propel the North America vegetable oils market sales during the forecast period.
Fortune Business Insights Pvt Ltd.