Vegetable oil is extensively utilized in the preparation of mayonnaise, potato chips, French fries, salad dressing and sandwich spreads. This, along with the burgeoning food and beverage (F&B) industry, is providing lucrative opportunities for leading vegetable oil manufacturers around the world. Apart from this, the rising health consciousness among consumers on account of the growing prevalence of lifestyle diseases has propelled the key players to introduce minimally processed and organic vegetable oil. However, the sudden outbreak of the coronavirus disease (COVID-19), consequent lockdowns in numerous countries and the temporary closure of hotels, restaurants and catering services have led to a decline in the demand for vegetable oil. According to IMARC Group, the global vegetable oil market reached 207.5 Million Tons in 2019. Looking forward, the market is projected to exhibit steady growth during 2020-2025.
Headquarters: Illinois, Chicago
Archer-Daniels-Midland Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. It is also a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The company’s major segments include agrarian services, corn processing, oilseeds processing, wild flavors and specialty ingredients and others.
Headquarters: New York, United States
Bunge Limited is an agribusiness and food company that processes oilseeds, produces vegetable oils and protein meals, and sells packaged vegetable oils across the world. It mainly operates through five segments, including agribusiness, edible oil products, milling products, sugar and bioenergy, and fertilizer.
Headquarters: Minnesota, United States
Cargill Inc. is the largest private corporation in the United States that provides agricultural products. It produces grains and oilseeds; provides farmer services and risk management solutions; offers animal nutrition, biofuels, meat and poultry, food and industrial products; and serves customers worldwide.
Louis Dreyfus Company B.V.
Headquarters: Geneva, Switzerland
Earlier known as Louis Dreyfus Commodities BV, Louis Dreyfus Company B.V. is an agricultural product processing company that processes agricultural products and metals. It is engaged in the production of raw and agricultural industrial materials, processing and refining of food products, storing and transportation of commodities, and researching and merchandising. The company’s product portfolio includes oilseeds, grains, rice, sugar, metals, fertilizers and inputs, dairy, cotton, freight, juice and coffee. Besides this, the company also offers foreign exchange risk management support services for commodity platforms.
Willmar International Limited
Wilmar International Limited is engaged in business activities, such as oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel and fertilizers, and rice and flour milling. Its major segments include Tropical Oils, Sugar and Others. It produces nitrogen, phosphorus and potassium (NPK) compound fertilizers and is also engaged in the merchandising of straight fertilizers, such as potash, phosphate and nitrogen, and trace element products. It is involved in the processing, refining, selling and distribution of oilseeds products, such as soybean oil and meal, sunflower seed oil and meal, cottonseed oil and meal, canola oil and meal, peanut oil, and corn.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global vegetable oil market, which has enabled the clients to set up and expand their businesses successfully.