Market Overview:
The global food grade white oil market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for food grade white oils from the food processing industry. Additionally, rising awareness about the benefits of using food grade white oils is also expected to fuel market growth during the forecast period. On the basis of type, paraffin based white oil segment is anticipated to account for a major share of revenue in 2018 and is projected to maintain its dominance throughout 2030. This can be attributed to its properties such as high purity, low volatility and non-toxicity which make it suitable for use in various applications including cosmetics, medicine and others.
Product Definition:
Food Grade White Oil is a type of oil that is used in the food industry. It is made from a blend of vegetable oils, and it has a high smoke point. This makes it ideal for use in cooking.
Paraffin Based White Oil:
Paraffin is a waxy solid hydrocarbon and has been used as an ingredient in the formulation of candles, waxes, polishes & coatings. It is a highly saturated hydrocarbon with very little hydrogen content. It occurs naturally in some plants & petroleum and can also be manufactured by the process of chlorination.
Naphthenic White Oil:
It is a neutral oil with a fresh, clean, mild fragrance. It has high flash points ranging from 40°C to 50°C and low viscosity ranging from 0.8 to 1.2 cmol/kg.
Application Insights:
The food processing application segment led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The product has gained popularity as an emulsifier, antioxidant, and preservative in processed foods owing to its high flash point and low volatility properties. These properties make it suitable for use in bakery products, frozen foods, snacks & cereals products along with other functional ingredients used as toppings or dressings on various dishes.
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from various application sectors. The region is expected to maintain its dominance over the forecast period due to increasing awareness about healthy lifestyle and growing population. Asia Pacific is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing for increasing food processing industry in this region as a result of rising disposable income coupled with rapid urbanization and industrialization, especially in India, China, Thailand, Vietnam and Indonesia among other countries.
Europe also accounted for a significant share of global revenue in 2017 due primarily on oilseed crop production such as soybean & rapeseed which has been declining since past few years resulting into low availability at present time but will increase again after few years when crop production resumes normalcy thus driving product demand over next eight years or so until 2030 time frame.
Growth Factors:
- Increasing demand for food grade white oil from the food and beverage industry as a lubricant and preservative.
- Rising awareness about the benefits of food grade white oil among consumers, which is likely to boost its demand in the near future.
- Growing popularity of edible oils as a healthier cooking option is expected to fuel the growth of Food Grade White Oil market in coming years.
- Technological advancements in production process of food grade white oil that results in high quality product is anticipated to propel its demand over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade White Oil Market Research Report
By Type
Paraffin Based White Oil, Naphthenic White Oil
By Application
Food Processing, Cosmetics, Medicine, Others
By Companies
CRC, UltraSource, Phillips, Petrochem, Aztec Oils, Clarion, Tulco Oils, Renoil, Petro-Canada, Smith&Allan, CRC, Lubrication Engineers, Able Westchem, Guardian, Foodsafe Lubes, FUCHS, Guangzhou Shikean Chemical Products, Shanghai Langxiang Industry
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade White Oil Market Report Segments:
The global Food Grade White Oil market is segmented on the basis of:
Types
Paraffin Based White Oil, Naphthenic White Oil
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 Processing, Cosmetics, Medicine, Others
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:
- CRC
- UltraSource
- Phillips
- Petrochem
- Aztec Oils
- Clarion
- Tulco Oils
- Renoil
- Petro-Canada
- Smith&Allan
- CRC
- Lubrication Engineers
- Able Westchem
- Guardian
- Foodsafe Lubes
- FUCHS
- Guangzhou Shikean Chemical Products
- Shanghai Langxiang Industry
Highlights of The Food Grade White Oil 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:
- Paraffin Based White Oil
- Naphthenic White Oil
- By Application:
- Food Processing
- Cosmetics
- Medicine
- Others
- 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 Food Grade White Oil 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
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?
Food grade white oil is a type of cooking oil that is made from pure, cold-pressed oils. It's typically used to fry foods or as a base for salad dressings.
Some of the major players in the food grade white oil market are CRC, UltraSource, Phillips, Petrochem, Aztec Oils, Clarion, Tulco Oils, Renoil, Petro-Canada, Smith&Allan, CRC, Lubrication Engineers, Able Westchem, Guardian, Foodsafe Lubes, FUCHS, Guangzhou Shikean Chemical Products, Shanghai Langxiang Industry.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade White Oil 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 Food Grade White Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Food Grade White Oil 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 Food Grade White Oil 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 Food Grade White Oil Market Size & Forecast, 2018-2028 4.5.1 Food Grade White Oil Market Size and Y-o-Y Growth 4.5.2 Food Grade White Oil Market Absolute $ Opportunity
Chapter 5 Global Food Grade White Oil 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 Food Grade White Oil Market Size Forecast by Type
5.2.1 Paraffin Based White Oil
5.2.2 Naphthenic White Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Grade White Oil 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 Food Grade White Oil Market Size Forecast by Applications
6.2.1 Food Processing
6.2.2 Cosmetics
6.2.3 Medicine
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade White Oil 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 Food Grade White Oil 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 Food Grade White Oil Analysis and Forecast
9.1 Introduction
9.2 North America Food Grade White Oil 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 Food Grade White Oil Market Size Forecast by Type
9.6.1 Paraffin Based White Oil
9.6.2 Naphthenic White Oil
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 Food Grade White Oil Market Size Forecast by Applications
9.10.1 Food Processing
9.10.2 Cosmetics
9.10.3 Medicine
9.10.4 Others
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 Food Grade White Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Food Grade White Oil 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 Food Grade White Oil Market Size Forecast by Type
10.6.1 Paraffin Based White Oil
10.6.2 Naphthenic White Oil
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 Food Grade White Oil Market Size Forecast by Applications
10.10.1 Food Processing
10.10.2 Cosmetics
10.10.3 Medicine
10.10.4 Others
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 Food Grade White Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Grade White Oil 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 Food Grade White Oil Market Size Forecast by Type
11.6.1 Paraffin Based White Oil
11.6.2 Naphthenic White Oil
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 Food Grade White Oil Market Size Forecast by Applications
11.10.1 Food Processing
11.10.2 Cosmetics
11.10.3 Medicine
11.10.4 Others
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 Food Grade White Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Grade White Oil 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 Food Grade White Oil Market Size Forecast by Type
12.6.1 Paraffin Based White Oil
12.6.2 Naphthenic White Oil
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 Food Grade White Oil Market Size Forecast by Applications
12.10.1 Food Processing
12.10.2 Cosmetics
12.10.3 Medicine
12.10.4 Others
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) Food Grade White Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Grade White Oil 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) Food Grade White Oil Market Size Forecast by Type
13.6.1 Paraffin Based White Oil
13.6.2 Naphthenic White Oil
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) Food Grade White Oil Market Size Forecast by Applications
13.10.1 Food Processing
13.10.2 Cosmetics
13.10.3 Medicine
13.10.4 Others
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 Food Grade White Oil Market: Competitive Dashboard
14.2 Global Food Grade White Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRC
14.3.2 UltraSource
14.3.3 Phillips
14.3.4 Petrochem
14.3.5 Aztec Oils
14.3.6 Clarion
14.3.7 Tulco Oils
14.3.8 Renoil
14.3.9 Petro-Canada
14.3.10 Smith&Allan
14.3.11 CRC
14.3.12 Lubrication Engineers
14.3.13 Able Westchem
14.3.14 Guardian
14.3.15 Foodsafe Lubes
14.3.16 FUCHS
14.3.17 Guangzhou Shikean Chemical Products
14.3.18 Shanghai Langxiang Industry