According to the latest study titled ‘Global Premium Vegetable Oils Market (Value, Volume): Analysis By Type (Canola, Olive, Sunflower and Peanut Oil), By Region, By Country (2018 Edition): Forecast to 2023- By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Mexico, Spain, Italy, India, China, Japan, Australia)’ available with Market Study Report, the global premium vegetable oils market is estimated to grow with a CAGR of 2.8% through the year 2023.  
 

Vegetable oils are extracted from seeds, or from other parts of fruits. Factors such as rising awareness about obesity-associated ailments like heart diseases and diabetes, coupled with government directives regarding premium oil production and sales are driving the growth of premium vegetable oils market.   
 

The study encompasses details about market size based on revenue shares, alongside the expansion strategies adopted by manufacturers. Information about the market dynamics covering drivers and restraints is also outlined in the report.
 

Based on type, premium vegetable oils market is segmented into olive oil, canola oil, peanut oil, and sunflower oil. Premium vegetable oil market from olive oil segment has registered decent growth in the recent past and in the presumed to expand significantly in the upcoming years, owing to its ability to reduce unsaturated trans fats from the diet, making it a healthier substitute.  
 

Considering the geographical landscape, the global premium vegetable oils market is bifurcated into four major regions as Europe, North America, APAC and rest of the world, with key focus on countries like U.S., Mexico, Canada, Italy, Spain, China, India, Japan, and Australia.
 

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The report claims that North America premium vegetable oils market registered the largest share in 2018, owing to rising healthcare expenditure, surging awareness about various cardiovascular diseases, and use of advanced processes by manufacturers. Moreover, increase in consumption of fast food among the population, coupled with extensive use of the product by prosperous population to reduce the effects of aging will further augment the regional market growth.
 

Some of the vendors that operate in premium vegetable oils market are Sunora Foods, Deoleo, Borges International Group, Wilmar International Limited, Archer Daniels Midland Company, Bunge Limited, Calyxt, Cargill, and COFCO Group.