The global edible oil market is highly competitive, but you might be surprised by which countries are the biggest players. China and India, for example, are two of the largest exporters of edible oil, but they are also two of the biggest importers of it from other countries. In fact, the US exports more edible oil than any other country in the world. With all this movement happening in both directions, how will you know how to succeed in this market? Here are seven facts about the global edible oil market that will give you some insight into this competitive industry.
Edible-oil is one of the most important food products that are used by people all over the world. There are many edible-oil manufacturers in the market, but it is important to choose the best manufacturer. Tradologie.com is a leading edible-oil manufacturer in India. The company provides high quality edible-oil at affordable prices to its customers.
Tradologie.com is a B2B marketplace for edible oils which provides a platform for buyers and sellers to meet and transact business among each other. It has over 50,000+ registered suppliers on its platform. The suppliers are spread across the length and breadth of the country and the products are available in different grades, specifications and packaging options as per the requirement of the buyer.
Edible oil prices have been on a strong uptrend in the past few weeks, breaking above the psychological RM2,500MT level. This is despite the fact that demand has been relatively weak of late.
One of the main reasons for this is the ongoing Ukraine-Russia war. Russia has imposed sanctions against Ukraine and this has affected around 4% of the global palm oil supply which comes from Ukraine.
The sunflower oil industry is centred in Eastern Europe, with Russia and Ukraine being the largest producers of this ingredient. If you’re not familiar with sunflower oil, it’s a popular carrier oil used by many natural cosmetic manufacturers and used as cooking oil too. Because this area has been so entrenched in conflict recently, there’s been a shortage of sunflower oil and that’s why the sunflower oil prices have increased dramatically.
The global edible oil market is estimated to grow at a CAGR of 3.57% from 2019 to 2025. Market research experts predict that the per capita consumption will grow by 0.9% per annum during this period, with developing regions of the world contributing significantly to the domain growth.
The world market for edible oil is a growing one. According to experts, it is expected to expand at a CAGR of 3.57% to attain a value of USD119.571 billion by the end of 2025.
The developing regions of the world will be contributing to the increase in this market growth during the forecast period between 2019 – 2025. As a global trader in the F&B Industry, you may want to buy edible oil and secure a share in this domain. For that to happen, you would have to start with procuring edible oil in bulk from the right place, at the right price.
Finding the right supplier to buy mustard oil from can be a major problem. There are issues such as middlemen costs, logistics costs, travel expenses, and more that have to be addressed. More often than not, there are three to four people in the chain of communication who would not be working for free and have to be paid a commission. This in turn would enhance the cost of buying by as much as 7 to 8 percent.
Buying edible oil in bulk requires expertise and access to market intelligence. As a buyer, you need to be aware of the reliable sources from where you can procure premium quality edible oil at the most competitive costs. You need to have insights into how the market is moving and what you can do to stay ahead.
Edible oil is a fatty liquid extracted from vegetables & some animal tissues and used for cooking. Want to buy edible oil in bulk at the best prices? Register with Tradologie.com and discover a new and cost-efficient way to import the desired quantity of oil from across the world.