Global Edible Oil and Fats Market Report 2023: Sector is Expected to Reach $831.1 Billion by 2030 at a CAGR of 7.5% - ResearchAndMarkets.com
Lockdown measures in many countries led to a decrease in demand for edible oils and a decrease in prices.
- Lockdown measures in many countries led to a decrease in demand for edible oils and a decrease in prices.
- This was due to the closure of restaurants and other food service businesses, which are major consumers of edible oils.
- As the pandemic continued, the prices of edible oils fluctuated as demand for edible oil changed.
- The edible oil category is further segmented into soyabean oil, sunflower oil, olive oil, coconut oil, palm oil, and others.