North America Vegetable Oil Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$34.1

Forecast, 2030 (US$M)

$42.1

CAGR, 2024 - 2030

3.1%

Report Coverage

North America

North America vegetable oil market, 2018-2030 (US$M)

Related Markets

Global Vegetable Oil Industry Outlook

Europe Vegetable Oil Market Outlook

Asia Pacific Vegetable Oil Market Outlook

Latin America Vegetable Oil Market Outlook

MEA Vegetable Oil Market Outlook

North America vegetable oil market highlights

The North America vegetable oil market generated a revenue of USD 34.1 million in 2023.
The market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
In terms of segment, palm oil was the largest revenue generating type in 2023.
Palm Oil is the most lucrative type segment registering the fastest growth during the forecast period.

North America data book summary

Market revenue in 2023	USD 34.1 million
Market revenue in 2030	USD 42.1 million
Growth rate	3.1% (CAGR from 2023 to 2030)
Largest segment	Palm oil
Fastest growing segment	Palm Oil
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Palm Oil
Key market players worldwide	Archer Daniels Midland Company, Sime Darby Plantation, Bunge Global SA, OLAM International, Cargill, Golden Agri-Resources Ltd, Kuala Lumpur Kepong Bhd, Fuji Oil Co Ltd, Wilmar International Ltd, PT Astra Agro Lestari Tbk

Other key industry trends

In terms of revenue, North America region accounted for 10.7% of the global vegetable oil market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 258.9 million by 2030.

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Vegetable Oil Market Scope

Vegetable oil market segmentation & scope

Type

Palm Oil

Soybean Oil

Rapeseed Oil

Sunflower Oil

Others

Application

Food

Feed

Industrial

Distribution Channel

B2B

B2C

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Canada

Germany

France

Italy

Spain

Japan

China

India

Australia

South Korea

Brazil

South Africa

Saudi Arabia

Vegetable Oil Market Companies

Name	Profile	# Employees	HQ	Website

North America vegetable oil market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegetable oil market will help companies and investors design strategic landscapes.

Palm oil was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America vegetable oil market based on palm oil covering the revenue growth of each sub-segment from 2018 to 2030.

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Target buyers of North America vegetable oil market databook

Our clientele includes a mix of vegetable oil market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the North America vegetable oil market , including forecasts for subscribers. This continent databook contains high-level insights into North America vegetable oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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