Vegetable Oil Market: Forecasted to Expand from USD 188.77 Bn in 2023 to Nearly USD 293.73 Bn by 2030 with a 6.52% Growth Rate

The growing per capita earnings in emerging economies are driving the global market for vegetable oil. It is anticipated that consumption will increase by 1% a year during the projection period. With an expected annual growth rate of 0.4%, developing markets are expected to overtake established economies in terms of per capita consumption of food goods containing vegetable oil throughout the forecast period.