The Market value (retail sales value) of the Global Oils Industry attained a value of USD 121,127.59 Millions in 2020
The Industry recorded a historical growth (CAGR) of 4.60 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The global oil industry recorded a mid-single digit YoY growth in 2020, and a mid-single digit Compound Annual Growth Rate (CAGR) between 2017-20.
Wilmar International Ltd, COFCO Group, Shandong Luhua Group Co Ltd, Bunge Limited, and Deoleo SA held the top five leading market positions in the global oil industry. The top five players held a significant market share in the global oil industry in 2020.
Arawana, Fortune, Luhua, Gold Ingots, and Longevity Flower were the leading brands in the oil industry.
Oil products include all types of cooking oil, e.g., olive oil, sunflower oil, palm oil, and corn oil etc.
Wilmar International Ltd leads the global oil industry
Wilmar International Ltd was the leading company (by value) in the global oil market in 2020, with more than 10 brands under its trademark. Arawana brand was the biggest contributor to the company’s global oil sales. Gold Ingots, Fortune, Orchid, and Liyu are some of the other global oil brands under the trademark of Nestle.
COFCO Group ranked second in the global oil industry
COFCO Group was the second largest company (by value) in the global oil market in 2020. Fortune, one of the prominent brands selling oil items worldwide, operates under the trademark of COFCO Group.
The other leading market positions in the global oil market were held by Shandong Luhua Group Co Ltd, Bunge Limited, and Deoleo SA
Shandong Luhua Group Co Ltd, Bunge Limited, and Deoleo SA were among some of the other prominent companies in the global oil market, owning major brands like Luhua, Soya, and Carbonell, respectively.
Market Fragmentation: The top five companies together accounted for nearly a fifth of the global oil market (by value) in 2020
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