Commercial Oil Extraction Machine Market Set for a Massive Hit in and Post 2023, with Corona Virus Outbreak Projected to Threaten Global Market
The global commercial oil extraction machines market size is expected to grow from US$ 11800 Mn in 2023 to US$17,133.9 Mn by 2033, with overall sales accelerating at 3.8% CAGR throughout the forecast period. Rising production and export of various types of oils across the world is a key factor driving the global commercial oil extraction machine market and the trend is likely to continue during the projection period. Commercial oil extraction machines are mechanical devices that separate oil from raw resources. These machines are being increasingly employed across oil manufacturing mills, pharmaceutical companies, food processing industry, and personal care & cosmetics sector. Growth of these end user sectors will thus eventually boost sales of commercial oil extraction machines during the forecast period. The market for commercial seed oil extraction machines is projected to be significantly influenced by India, China, and other emerging economies’ rising product