Friday, December 3, 2021
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The vegetable oil market finds its use across multiple industries. The increasing use of vegetable oil in food applications, especially in emerging countries is driving the market forward. The rise in consumption levels can be linked to the growing population, changing diets, and higher standards of living. Vegetable oil is being rapidly used in making biofuels in the fuel market, owing to increasing regulatory favourability towards unconventional fuel sources. It can be directly used in a diesel vehicle in either modified or unmodified form. Vegetable oils are finding their way into lubricants for industrial and transportation applications. Potential benefits of the product include resource renewability and biodegradability, as well as providing satisfactory performance. These factors are expected to support the growth of the industry in the coming years.

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