Market Overview:
The global edible oils and fats 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 healthy and convenient food options, rising disposable income, and growing awareness about the health benefits of consuming edible oils and fats. The vegetable type segment is expected to dominate the global edible oils and fats market during the forecast period owing to its high nutritional value as well as its low cost as compared to other types of edible oils and fats. The animal type segment is projected to grow at a higher CAGR during the forecast period due to its high nutritional value, which has led consumers in developed countries such as Europe and North America, towards its consumption.
Product Definition:
Edible oils and fats are substances that are used as food or feed. They may be obtained from plants (vegetable oils) or animals (animal fats).
Vegetable Type:
Vegetable type is a classification for edible oil and fats. It includes products like soybean, rapeseed (canola), palm kernel, sunflower, groundnut etc. The vegetable oils are generally solid at room temperature but they get liquid when it is heated. They have high smoke point compared to animal fats which makes them suitable for cooking at higher temperatures without compromising the taste of food.
Animal Type:
Animal type is the source of fatty acids and other nutrients. It can be obtained from animals (mammals, birds, fish) or plants that have been partially or wholly cooked at a high temperature. The most common sources are lard/gristle, tallow, blood oil and bone marrow.
The different types of animal fats include leafy vegetable oils such as sunflower.
Application Insights:
The household application segment led the global edible oils and fats market in 2017. The growing middle-class population, especially in Asia Pacific and the Middle East & Africa is expected to be a key factor driving demand for edible oil products in this segment over the forecast period. In addition, increasing purchasing power of consumers coupled with rising disposable income levels will further propel growth of this segment.
Commercial applications include bakery, confectionery, dairy industry as well as food processing industries. Increasing consumption of baked goods along with spreads such as butter on bread is likely to drive demand for vegetable oil products used in commercial applications over the forecast period.
Regional Analysis:
North America was the largest market for edible oils and fats, accounting for a share of more than 30.0% in 2017. The region is expected to maintain its dominance over the forecast period as well due to high consumption of vegetable oils and butter in daily diet. Moreover, increasing health awareness among people will drive demand from commercial applications such as pharmaceuticals, food processing industries etc., thereby boosting market growth over the forecast period.
Asia Pacific edible oil.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the edible oils and fats market. Convenience foods are those that can be prepared or cooked quickly and easily, without much effort. They are generally high in fat, sugar, and salt content, which makes them unhealthy but convenient to eat. The increasing popularity of convenience foods is driving the demand for edible oils and fats products such as spreads, cooking oils, margarines, etc., which can be used to prepare these food items quickly and easily.
- Rising awareness about healthy eating: Another key growth driver for the edible oils and fats market is the rising awareness about healthy eating among consumers worldwide. Consumers are becoming increasingly aware of the health benefits of consuming healthy diets that include moderate amounts of good quality dietary fats such as olive oil, coconut oil, etc., instead of unhealthy processed foods high in saturated fat content. This is leading to an increase in demand for healthier alternatives to traditional cooking oils and spreads such as olive oil spread or coconut oil spread which are low in saturated fat content.
Scope Of The Report
Report Attributes
Report Details
Report Title
Edible Oils and Fats Market Research Report
By Type
Vegetable Type, Animal Type, Others
By Application
Household, Commercial
By Companies
Wilmar, Adams, Bunge, K.S. Oils, Anadolu Group, ACH, Ruchi, Marico, Ngo Chew Hong, United Oil Packers, Wilmar, Advocuae, Oliyar, Tamil Naadu, Nirmal, Gokul, BCL, COFCO, Luhua, Standard Food, Jiusan, Changsheng
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Edible Oils and Fats Market Report Segments:
The global Edible Oils and Fats market is segmented on the basis of:
Types
Vegetable Type, Animal Type, Others
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
Household, Commercial
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:
- Wilmar
- Adams
- Bunge
- K.S. Oils
- Anadolu Group
- ACH
- Ruchi
- Marico
- Ngo Chew Hong
- United Oil Packers
- Wilmar
- Advocuae
- Oliyar
- Tamil Naadu
- Nirmal
- Gokul
- BCL
- COFCO
- Luhua
- Standard Food
- Jiusan
- Changsheng
Highlights of The Edible Oils and Fats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vegetable Type
- Animal Type
- Others
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Edible Oils and Fats 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
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Edible oils and fats are substances that can be used as cooking or cosmetic ingredients. They are made up of fatty acids, which are long chains of carbon atoms.
Some of the key players operating in the edible oils and fats market are Wilmar, Adams, Bunge, K.S. Oils, Anadolu Group, ACH, Ruchi, Marico, Ngo Chew Hong, United Oil Packers, Wilmar, Advocuae, Oliyar, Tamil Naadu, Nirmal, Gokul, BCL, COFCO, Luhua, Standard Food, Jiusan, Changsheng.
The edible oils and fats market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Edible Oils and Fats Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Edible Oils and Fats Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Edible Oils and Fats Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Edible Oils and Fats Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Edible Oils and Fats Market Size & Forecast, 2018-2028 4.5.1 Edible Oils and Fats Market Size and Y-o-Y Growth 4.5.2 Edible Oils and Fats Market Absolute $ Opportunity
Chapter 5 Global Edible Oils and Fats Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Edible Oils and Fats Market Size Forecast by Type
5.2.1 Vegetable Type
5.2.2 Animal Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Edible Oils and Fats Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Edible Oils and Fats Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Edible Oils and Fats Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Edible Oils and Fats Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Edible Oils and Fats Analysis and Forecast
9.1 Introduction
9.2 North America Edible Oils and Fats Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Edible Oils and Fats Market Size Forecast by Type
9.6.1 Vegetable Type
9.6.2 Animal Type
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Edible Oils and Fats Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Edible Oils and Fats Analysis and Forecast
10.1 Introduction
10.2 Europe Edible Oils and Fats Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Edible Oils and Fats Market Size Forecast by Type
10.6.1 Vegetable Type
10.6.2 Animal Type
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Edible Oils and Fats Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Edible Oils and Fats Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Edible Oils and Fats Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Edible Oils and Fats Market Size Forecast by Type
11.6.1 Vegetable Type
11.6.2 Animal Type
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Edible Oils and Fats Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Edible Oils and Fats Analysis and Forecast
12.1 Introduction
12.2 Latin America Edible Oils and Fats Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Edible Oils and Fats Market Size Forecast by Type
12.6.1 Vegetable Type
12.6.2 Animal Type
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Edible Oils and Fats Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Edible Oils and Fats Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Edible Oils and Fats Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Edible Oils and Fats Market Size Forecast by Type
13.6.1 Vegetable Type
13.6.2 Animal Type
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Edible Oils and Fats Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Edible Oils and Fats Market: Competitive Dashboard
14.2 Global Edible Oils and Fats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wilmar
14.3.2 Adams
14.3.3 Bunge
14.3.4 K.S. Oils
14.3.5 Anadolu Group
14.3.6 ACH
14.3.7 Ruchi
14.3.8 Marico
14.3.9 Ngo Chew Hong
14.3.10 United Oil Packers
14.3.11 Wilmar
14.3.12 Advocuae
14.3.13 Oliyar
14.3.14 Tamil Naadu
14.3.15 Nirmal
14.3.16 Gokul
14.3.17 BCL
14.3.18 COFCO
14.3.19 Luhua
14.3.20 Standard Food
14.3.21 Jiusan
14.3.22 Changsheng