Edible Oil Market Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027
Edible Oil Market The demand for high-quality product options like olive oil, sesame oil, flaxseed oil, etc. is also expanding as consumer living standards rise and global culinary trends become more widely adopted. In addition, the market is being driven by the growing agricultural sector and the introduction of numerous efforts to increase the nation's production of oilseeds. Additionally, the Indian government is working nonstop to lessen its reliance on imports and improve domestic edible oil availability. To address the country's consumption needs for edible oils such sesame oil, groundnut oil, safflower oil, palm oil, etc., the government has proposed the National Mission on Edible Oil (NMEO). The global Edible Oils Market is estimated to be valued at US$ 112.6 Billion in 2021 and is expected to exhibit a CAGR of 5.1 % over the forecast period (2021-2028). The market is growing as a result of rising public health and fitness efforts as well as the expanding use of edibl