Analysts predict the growth of the global market of vegetable oils

Published 2024년 11월 20일

Tridge summary

The vegetable oil market is projected to see significant growth from 660 million tons to 850 million tons by 2035-2038, with oil consumption also expected to rise by 150 million tons in the next decade, according to Oleksiy Tartakivskyi, an market analyst. India is anticipated to increase its oil consumption by 10 million tons, while Europe, a net exporter of rapeseed and soybean oil, imports sunflower and palm oil. There has been a noticeable decrease in palm oil imports in Europe in recent years, with oil consumption in the EU reaching 25-27 million tons.

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Original content

By 2035-2038, the vegetable oil market may grow from the current 660 million tons to 850 million tons, while oil consumption will also increase by 150 million tons over the next 10 years. Oleksiy Tartakivskyi, market analyst of the Internet project "Analytical Baton", told about this, AgroPortal reports. "In 10 years, India, for example, should increase oil consumption by 10 million tons. This country is a net importer of all types of oils. Europe is a net exporter of rapeseed and soybean oil, and imports sunflower and palm oil," the analyst noted. Read ...

Source: Agrobusiness