Description
The global edible vegetable oil market was valued at USD 2,623.64 million in 2021, and it is predicted to reach USD 3,964.5 million with a CAGR of 6.3% during the forecast period of 2022-2028. Edible Vegetable oils have multiple applications in the foodservice and food processing industries. The commercial applications in the food industry have the use of edible vegetable oils for salad & dressing, cooking, industrially produced fried foods, compound layers, ice cream coatings, fillings & spreads, and substitute for dairy fats. With the popularity of fast food and transformations in consumer lifestyle toward more convenient foods, the demand for edible vegetable oils from the food processing and service industries has significantly increased.
