World Vegetable Oils Market to Reach 138 Million Metric Tons by 2010, According to New Report

Driven by increasing population, rising standards of living and disposable incomes in developing countries, the world vegetable oils market is projected to reach 138 million metric tons by the year 2010. With the mature North American, and European markets on ice, Asia-Pacific is expected to dominate the world market both in terms of production and consumption opportunities. The future masks the emergence of new trends i.e. increasing competition, continued shifts in vegetable oil production, continued demand growth in Asian economies, rising, and changing facets of consumer health concerns, and developments in non-edible applications