Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Fats and Oils Market by Type (Edible Vegetable Oils, Palm Oils, Industrial Oils, Animal Fats, Marine Oils), By Application (Food, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Fats and Oils Market by Type (Edible Vegetable Oils, Palm Oils, Industrial Oils, Animal Fats, Marine Oils), By Application (Food, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 148349 3300 Consumer Goods 377 242 Pages 4.6 (33)
                                          

Market Overview:


The global fats and oils market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for edible vegetable oils, palm oils, industrial oils, animal fats, marine oils and their applications in food and industrial sectors. Asia Pacific is expected to be the fastest growing region during the forecast period.


Global Fats and Oils Industry Outlook


Product Definition:


Fats and oils are both lipids. Fats are solid at room temperature, while oils are liquid. Both fats and oils contain three fatty acids hooked together (triacylglycerols). The difference between them is the length of the carbon chain in the fatty acids. Fats have long chains, while oils have medium chains.


One important use of fats and oils is as a source of energy. They provide nine calories per gram, compared to four calories per gram for carbohydrates or protein.


Edible Vegetable Oils:


Edible vegetable oils are the edible biological fruits derived from the seeds, leaves, or fruit of plants. The edible oils can be classified as seed oil and fruit oil. Edible vegetable oils include essential (seed) and non-essential (fruit) oils. Non-essential oil is a product that contains fatty acids that are not essential for human nutrition; whereas essential oil contains omega 3 & 6 fatty acids which aid in human health.


Palm Oils:


Palm oil is a vegetable oil that is extracted from the fruit pulp of the palm tree. It has been used as a cooking medium and in various industrial applications such as soaps, cosmetics, food products and biofuel production. The global consumption of palm oil has increased significantly over the past few years owing to its low cost compared to other edible oils such as soybean & sunflower which have high demand in end-use industries.


Application Insights:


Food application dominated the global fats and oils market, accounting for more than 47% of the overall revenue share in 2017. The increasing demand for packaged food products is expected to be a major factor driving growth over the forecast period. In addition, growing awareness regarding nutritional benefits associated with different types of oilseeds and nuts is likely to propel their consumption in developed countries including U.S., Canada, Germany and France over the coming years.


Industrial applications are anticipated to witness significant growth on account of rising demand from various industries including pharmaceuticals, cosmetics and nutraceuticals among others which require solid fatting ingredients due to properties such as emulsion stabilization & profiling which enhance product properties significantly over other counterparts globally.


Regional Analysis:


Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for approximately 40% of global consumption of fats and oils. Rapidly expanding food processing industry coupled with increasing population in China, India, Vietnam, Thailand among other Southeast Asian countries is anticipated to have a positive impact on market growth over the next eight years.


North America accounted for more than 20% of global consumption in 2016 owing to high demand from application industries such as bakery products, confectionery & desserts, mayonnaise & salad dressings along with industrial applications including lubricants and fuel additives. U.S., Canada are major producers/suppliers of edible vegetable oils accounting for majority share due to easy access to raw materials coupled high production output per capita especially compared to other regions at low cost which has attracted significant amount investment from various companies particularly those operating globally seeking profitable business opportunities offering superior returns on capital employed (RoCE).


Growth Factors:


  • Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the fats and oils market. Convenience foods are those that can be prepared or cooked quickly and easily, without much effort. They are generally pre-packaged or frozen, and require little to no preparation time. This has led to an increase in their popularity among consumers, especially working professionals and young adults. As a result, the demand for fats and oils that can be used in convenient food preparations is expected to rise in the coming years.
  • Rising awareness about healthy eating: Another key growth driver for the fats and oils market is rising awareness about healthy eating habits among consumers worldwide. Over the past few years, there has been a significant shift in consumer preferences towards healthier food options. This is mainly due to increasing concerns about obesity and other health issues related to dieting choices such as heart disease, diabetes, etcetera . As a result of this trend, manufacturers are focusing on developing healthier variants of traditional fat sources such as vegetable oils , which are low in saturated fat levels . This is likely to drive market growth over the forecast period .

Scope Of The Report

Report Attributes

Report Details

Report Title

Fats and Oils Market Research Report

By Type

Edible Vegetable Oils, Palm Oils, Industrial Oils, Animal Fats, Marine Oils

By Application

Food, Industrial

By Companies

Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, International Foodstuff Company Holdings Limited, Wilmar International Limited, Associated British Foods PLC, Ajinomoto Co., ConAgra Foods, Unilever PLC, United Plantations Berhad

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

242

Number of Tables & Figures

170

Customization Available

Yes, the report can be customized as per your need.


Global Fats and Oils Market Report Segments:

The global Fats and Oils market is segmented on the basis of:

Types

Edible Vegetable Oils, Palm Oils, Industrial Oils, Animal Fats, Marine Oils

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Food, Industrial

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Archer Daniels Midland Company
  2. Bunge Limited
  3. Cargill
  4. Incorporated
  5. International Foodstuff Company Holdings Limited
  6. Wilmar International Limited
  7. Associated British Foods PLC
  8. Ajinomoto Co.
  9. ConAgra Foods
  10. Unilever PLC
  11. United Plantations Berhad

Global Fats and Oils Market Overview


Highlights of The Fats and Oils Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Edible Vegetable Oils
    2. Palm Oils
    3. Industrial Oils
    4. Animal Fats
    5. Marine Oils
  1. By Application:

    1. Food
    2. Industrial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fats and Oils Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Fats and Oils Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Fats and oils are substances that are found in food. Fats are a type of lipid, which is a type of molecule that is made up of carbon, hydrogen, and oxygen atoms. Oils are liquid fats or waxes.

Some of the major players in the fats and oils market are Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, International Foodstuff Company Holdings Limited, Wilmar International Limited, Associated British Foods PLC, Ajinomoto Co., ConAgra Foods, Unilever PLC, United Plantations Berhad.

The fats and oils market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Fats and Oils Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Fats and Oils Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Fats and Oils Market - Supply Chain
   4.5. Global Fats and Oils Market Forecast
      4.5.1. Fats and Oils Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Fats and Oils Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Fats and Oils Market Absolute $ Opportunity

5. Global Fats and Oils Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Fats and Oils Market Size and Volume Forecast by Type
      5.3.1. Edible Vegetable Oils
      5.3.2. Palm Oils
      5.3.3. Industrial Oils
      5.3.4. Animal Fats
      5.3.5. Marine Oils
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Fats and Oils Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Fats and Oils Market Size and Volume Forecast by Application
      6.3.1. Food
      6.3.2. Industrial
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Fats and Oils Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Fats and Oils Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Fats and Oils Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Fats and Oils Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Fats and Oils Demand Share Forecast, 2019-2026

9. North America Fats and Oils Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Fats and Oils Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Fats and Oils Market Size and Volume Forecast by Application
      9.4.1. Food
      9.4.2. Industrial
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Fats and Oils Market Size and Volume Forecast by Type
      9.7.1. Edible Vegetable Oils
      9.7.2. Palm Oils
      9.7.3. Industrial Oils
      9.7.4. Animal Fats
      9.7.5. Marine Oils
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Fats and Oils Demand Share Forecast, 2019-2026

10. Latin America Fats and Oils Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Fats and Oils Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Fats and Oils Market Size and Volume Forecast by Application
      10.4.1. Food
      10.4.2. Industrial
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Fats and Oils Market Size and Volume Forecast by Type
      10.7.1. Edible Vegetable Oils
      10.7.2. Palm Oils
      10.7.3. Industrial Oils
      10.7.4. Animal Fats
      10.7.5. Marine Oils
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Fats and Oils Demand Share Forecast, 2019-2026

11. Europe Fats and Oils Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Fats and Oils Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Fats and Oils Market Size and Volume Forecast by Application
      11.4.1. Food
      11.4.2. Industrial
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Fats and Oils Market Size and Volume Forecast by Type
      11.7.1. Edible Vegetable Oils
      11.7.2. Palm Oils
      11.7.3. Industrial Oils
      11.7.4. Animal Fats
      11.7.5. Marine Oils
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Fats and Oils Demand Share, 2019-2026

12. Asia Pacific Fats and Oils Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Fats and Oils Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Fats and Oils Market Size and Volume Forecast by Application
      12.4.1. Food
      12.4.2. Industrial
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Fats and Oils Market Size and Volume Forecast by Type
      12.7.1. Edible Vegetable Oils
      12.7.2. Palm Oils
      12.7.3. Industrial Oils
      12.7.4. Animal Fats
      12.7.5. Marine Oils
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Fats and Oils Demand Share, 2019-2026

13. Middle East & Africa Fats and Oils Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Fats and Oils Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Fats and Oils Market Size and Volume Forecast by Application
      13.4.1. Food
      13.4.2. Industrial
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Fats and Oils Market Size and Volume Forecast by Type
      13.7.1. Edible Vegetable Oils
      13.7.2. Palm Oils
      13.7.3. Industrial Oils
      13.7.4. Animal Fats
      13.7.5. Marine Oils
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Fats and Oils Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Fats and Oils Market: Market Share Analysis
   14.2. Fats and Oils Distributors and Customers
   14.3. Fats and Oils Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Archer Daniels Midland Company
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Bunge Limited
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Cargill
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Incorporated
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. International Foodstuff Company Holdings Limited
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Wilmar International Limited
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Associated British Foods PLC
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Ajinomoto Co.
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. ConAgra Foods
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Unilever PLC
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. United Plantations Berhad
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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