This brings us to another important point: because vegetable oils are purchased directly by consumers
and used in industrial food production, the market is big and diverse. It’s estimated that 200 metric tons of vegetable oils are now consumed every year, worldwide, and the global market is expected to keep growing at a rate of 5.14% between now and 2025.
Even the average grocery shopper has probably taken notice: These days, whether you shop at a high-end health food store or a discount club store, you’re likely to be faced with more choices than just olive and canola/vegetable oil. Peanut, avocado, coconut, and other oils seem to be popping up more and more, often boasting different claims regarding health benefits. This relates to a major part of the reason for this growth and diversity: different oils have different uses and qualities, making them better for some situations, and people, than others.