As per this study, the Global Edible Oil And Fat Market was valued USD 539.87 BN (by revenue) in 2022 and is anticipated to reach USD 1052.27 BN by 2030 with a CAGR of 8.7%. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030.
Edible oil and fats are the esters derived from triglycerides that are rice source of calories (energy) required by body to carry out daily activities. Both edible oil and fats have similar composition, however; oils are at liquid at room temperature whereas fats are semi-solid. In human body, fats are also act as carrier of fat-soluble vitamins like vitamin A, D, E and K. Various plant based and animal based fats and oils are used for domestic purpose.
Market Dynamics
The market is experiencing a fast-paced growth owing to rising global demand for food. Rising consumption of oils and fats owing to growing food outlets, hotels, and restaurants chains are driving market growth. Also, rising disposable income, busier lifestyle has raised the demand for processed food. This, in turn, is boosting the market growth. However, increasing health conscious population and rising awareness regarding heart-related risks are restraining the market growth. Nevertheless, key manufacturers' focus on production of healthier oils and fats with low cholesterol is expected to push the market demand high in the forecasting period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of edible oil and fat.
Market Segmentation
The broad edible oil and fat market has been sub-grouped into type, source, form and distribution channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Edible Oil (Soyabean Oil, Sunflower Oil, Olive Oil, Coconut Oil, Palm Oil, Others)
- Edible Fats (Cocoa Butter Replacer, Cocoa Butter Substitute, Filling Fats, Milk-Fat Replacers, Spread Fat, Frying Fats, Margarine, Shortenings, Butter, Others)
By Nature
By Source
By End-use
- Food & Beverage
- Personal Care & Cosmetics
- Biofuel & Energy
- Pharmaceuticals
- Others
By Distribution Channel
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for edible oil and fat in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Edible Oil And Fat Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Edible Oil And Fat market includes ADM, Cargill Incorporated, Bunge Limited, Adani Wilmar Ltd., Aceites Borges Pont S.A., Apetit Kasviöljy Oy., The Nisshin Oillio Group Ltd., Kaneka Corporation, ACH Food Companies Inc., GrainCorp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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