Global Edible Oil and Fat Market foreseen to jump to 158.1 BN by 2026
Posted On January 28, 2020
During the period of 2020-2026 it is expected that the Global Edible Oil and Fat Market will showcase a CAGR of 7.22%. The market is foreseen to reach USD 158.1 BN by 2026 while it was valued at USD 99.5 Bn in 2019 as stated in the published market study by Value Market Research. The global edible oil and fat market is anticipated to register a consequential growth owing to the ascending popularity of unprocessed, healthy, and organic oil. In the forthcoming years, new techniques regarding oils with low cholesterol, fat, and calories are likely to witness high response due to growing health consciousness among people across the globe. In addition to this key improvements and spread in intermediate networks, increasing crop yields, oil production and steadily emerging economies are few of the prominent factors supporting the growth of the global edible oil and fats market.
Furthermore, increased production and growing popularity of canola oil, trans-fat free soybean oil, and emerging preference for olive oil will drive the global market for edible oil towards an extensive enlargement.
Vegetable oil consumption has accelerated in developing countries due to increasing demand from growing population, surging retail sector, and rise in overall household income via high per capita income. Additionally, manufacturers of edible oils and fats have started adopting advanced processing techniques and technologies to offer healthier and affordable oil.
The report "Global Edible Oil And Fat Market Report By Type (Vegetable & Seed Oil, Spreadable Oil & Fats, Olive Oil, Cooking Fats And Others), By Source (Animal And Plant), By Form (Liquid And Solid), By Distribution Channel (Supermarket, Hypermarket, Convenience Stores, Departmental Stores And Online Store) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions.
By type the market is segmented as vegetable & seed oil, spreadable oil & fats, olive oil, cooking Fats, Others. Vegetables and seed oil segment account for the largest share during next six years. Spreadable oil and fat segment is expected to witness fastest growth as per the forecast in the report.
By source the study segregates into animal and plant. Plant based segment account for the largest share due to increase in the number of vegans and people shifting to plant based diet. On the basis of form the market is classified into liquid and solid.
By distribution channel, the edible oil and fats market is classified into supermarket, hypermarket, convenience stores, departmental stores, and online store. Supermarket and hypermarket segment expected to witness fastest growth during the study period.
The Asia pacific region is expected to dominate the market over the next six years among all the regions studied in the report mainly due to high population and increase in awareness regarding individual’s health. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Edible Oil And Fat Market -
- Vegetable & Seed Oil
- Spreadable Oil & Fats
- Olive Oil
- Cooking Fats
By Distribution Channel
- Convenience Stores
- Departmental Stores
- Online Store
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Ajinomoto Co., Inc., American Vegetable Oils, Inc., Associated British Foods Plc., Beidahuang Group, Bunge Limited, Cargill Inc., CHS Inc., Conagra Foods Inc., Fuji Vegetable Oil, Inc., International Foodstuff Company Limited, Mother Dairy, Unilever Plc, United Plantations Berhad and Wilmar International Limited.
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