Market Overview:
The global vegetable fat market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bakery and confectionery products, growing population, and rising income levels in developing countries. Based on type, soybean oil accounted for the largest share of the global vegetable fat market in 2017. Soybean oil is a high-quality cooking oil that is low in saturated fats and has a neutral flavor. It is also rich in polyunsaturated fatty acids (PUFAs) which makes it beneficial for human health. Canola oil was the second-largest type segment of the global vegetable fat market in 2017. It is also low in saturated fats and has a neutral flavor like soybean oil; however, it contains more monounsaturated fatty acids (MUFAs) than soybean oil does which makes it healthier than other cooking oils. Based on application, bakery held the largest share of the global vegetable fat market in 2017 owing to its growing popularity among consumers across all regions due to its taste and nutritional benefits such as high fiber content, antioxidants, vitamins B6 & B12 etcetera .
Product Definition:
A type of fat that is derived from plants, typically vegetable oils. Vegetable fats are generally considered healthier than animal-based fats and are often used in cooking. They can also be found in some beauty products.
Soybean Oil:
Soybean oil is a vegetable oil produced from soybeans. It has high nutritional value and can be used as an alternative to animal fats like butter, lard, and tallow. Soybean oil contains omega-6 fatty acids which are essential for the human body but if consumed in excess amount it may cause inflammation.
Canola Oil:
Canola oil is a vegetable oil produced from the seeds of the plant Canola. It has high levels of omega-3 fatty acids and low levels of saturated fat. The product also contains smaller amounts of other essential nutrients such as vitamins, minerals and antioxidants.
Application Insights:
Bakery was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The product has a high demand from bakery industry as it improves crumb texture and structure. Furthermore, vegetable oil can be used at levels of up to 80% in bread making without affecting dough quality or performance.
The confectionery segment is expected to register a CAGR of XX% from 2018 to 2030 owing to increasing consumption of chocolate products around the world coupled with growing preference for using natural ingredients containing cocoa butter across various regions including North America and Europe. Moreover, changing consumer lifestyle along with rising health concerns will drive demand for sugar-free confectionery products which will further propel market growth over the coming years.
Regional Analysis:
North America dominated the global vegetable fat market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing consumption of baked goods and snacks in countries such as U.S., Canada, and Mexico.
Asia Pacific vegetable oil industry has witnessed significant growth due to high demand from cooking oil application segment due mainly rising population along with changing lifestyles which have resulted into increased need for fast foods across various economies such as China & India & Japan etc.
Europe accounted for approximately 20% share of total volume consumed globally in 2017 owing to increasing consumption by households especially in Germany and U.K.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in the demand for convenient foods that are easy to prepare and can be consumed on the go. Vegetable fats are a key ingredient in many convenience foods and thus, their popularity is expected to rise in the coming years.
- Rising awareness about health benefits of vegetable fats: There is a growing awareness among consumers about the health benefits of vegetable fats, such as their ability to improve heart health and reduce the risk of chronic diseases. This is likely to boost demand for these products in the coming years.
- Growing popularity of plant-based diets: A rising number of people are opting for plant-based diets, which often include consumption of healthy vegetable oils instead meat or dairy products. This is another factor that is likely to fuel growth prospects for the global vegetable fat market in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Fat Market Research Report
By Type
Soybean Oil, Canola Oil, Palm Oil, Peanut Oil, Sunflower Oil, Corn Oil, Other
By Application
Bakery, Confectionery, Cooking for Family, Cooking for Commercial, Other
By Companies
Wilmar, COFCO, Jiusan Group, Bunge, SINOGRAIN, Shandong Bohai, Cargill, Hopeful Grain & Oil, Chinatex Corporation, Shandong Sanwei, Luhua, Donlinks International, Zhongsheng, HSGC, Xiwang, Shandong Sanxing Group
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Fat Market Report Segments:
The global Vegetable Fat market is segmented on the basis of:
Types
Soybean Oil, Canola Oil, Palm Oil, Peanut Oil, Sunflower Oil, Corn Oil, Other
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
Bakery, Confectionery, Cooking for Family, Cooking for Commercial, Other
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
- COFCO
- Jiusan Group
- Bunge
- SINOGRAIN
- Shandong Bohai
- Cargill
- Hopeful Grain & Oil
- Chinatex Corporation
- Shandong Sanwei
- Luhua
- Donlinks International
- Zhongsheng
- HSGC
- Xiwang
- Shandong Sanxing Group
Highlights of The Vegetable Fat 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:
- Soybean Oil
- Canola Oil
- Palm Oil
- Peanut Oil
- Sunflower Oil
- Corn Oil
- Other
- By Application:
- Bakery
- Confectionery
- Cooking for Family
- Cooking for Commercial
- Other
- 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 Vegetable Fat 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.
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- Correctly Positioning New Products
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- Product & Brand Management
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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?
Vegetable fat is a type of fat found in plants. It is made up of fatty acids and has a low calorie count.
Some of the major companies in the vegetable fat market are Wilmar, COFCO, Jiusan Group, Bunge, SINOGRAIN, Shandong Bohai, Cargill, Hopeful Grain & Oil, Chinatex Corporation, Shandong Sanwei, Luhua, Donlinks International, Zhongsheng, HSGC, Xiwang, Shandong Sanxing Group.
The vegetable fat market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vegetable Fat 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. Vegetable Fat Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vegetable Fat Market - Supply Chain
4.5. Global Vegetable Fat Market Forecast
4.5.1. Vegetable Fat Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vegetable Fat Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vegetable Fat Market Absolute $ Opportunity
5. Global Vegetable Fat 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. Vegetable Fat Market Size and Volume Forecast by Type
5.3.1. Soybean Oil
5.3.2. Canola Oil
5.3.3. Palm Oil
5.3.4. Peanut Oil
5.3.5. Sunflower Oil
5.3.6. Corn Oil
5.3.7. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vegetable Fat 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. Vegetable Fat Market Size and Volume Forecast by Application
6.3.1. Bakery
6.3.2. Confectionery
6.3.3. Cooking for Family
6.3.4. Cooking for Commercial
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vegetable Fat 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. Vegetable Fat 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 Vegetable Fat 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. Vegetable Fat 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 Vegetable Fat Demand Share Forecast, 2019-2026
9. North America Vegetable Fat 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 Vegetable Fat 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 Vegetable Fat Market Size and Volume Forecast by Application
9.4.1. Bakery
9.4.2. Confectionery
9.4.3. Cooking for Family
9.4.4. Cooking for Commercial
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vegetable Fat Market Size and Volume Forecast by Type
9.7.1. Soybean Oil
9.7.2. Canola Oil
9.7.3. Palm Oil
9.7.4. Peanut Oil
9.7.5. Sunflower Oil
9.7.6. Corn Oil
9.7.7. Other
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 Vegetable Fat Demand Share Forecast, 2019-2026
10. Latin America Vegetable Fat 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 Vegetable Fat 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 Vegetable Fat Market Size and Volume Forecast by Application
10.4.1. Bakery
10.4.2. Confectionery
10.4.3. Cooking for Family
10.4.4. Cooking for Commercial
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vegetable Fat Market Size and Volume Forecast by Type
10.7.1. Soybean Oil
10.7.2. Canola Oil
10.7.3. Palm Oil
10.7.4. Peanut Oil
10.7.5. Sunflower Oil
10.7.6. Corn Oil
10.7.7. Other
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 Vegetable Fat Demand Share Forecast, 2019-2026
11. Europe Vegetable Fat 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 Vegetable Fat 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 Vegetable Fat Market Size and Volume Forecast by Application
11.4.1. Bakery
11.4.2. Confectionery
11.4.3. Cooking for Family
11.4.4. Cooking for Commercial
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vegetable Fat Market Size and Volume Forecast by Type
11.7.1. Soybean Oil
11.7.2. Canola Oil
11.7.3. Palm Oil
11.7.4. Peanut Oil
11.7.5. Sunflower Oil
11.7.6. Corn Oil
11.7.7. Oher
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
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vegetable Fat Demand Share, 2019-2026
12. Asia Pacific Vegetable Fat 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 Vegetable Fat 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 Vegetable Fat Market Size and Volume Forecast by Application
12.4.1. Bakery
12.4.2. Confectionery
12.4.3. Cooking for Family
12.4.4. Cooking for Commercial
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vegetable Fat Market Size and Volume Forecast by Type
12.7.1. Soybean Oil
12.7.2. Canola Oil
12.7.3. Palm Oil
12.7.4. Peanut Oil
12.7.5. Sunflower Oil
12.7.6. Corn Oil
12.7.7. Other
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 Vegetable Fat Demand Share, 2019-2026
13. Middle East & Africa Vegetable Fat 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 Vegetable Fat 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 Vegetable Fat Market Size and Volume Forecast by Application
13.4.1. Bakery
13.4.2. Confectionery
13.4.3. Cooking for Family
13.4.4. Cooking for Commercial
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vegetable Fat Market Size and Volume Forecast by Type
13.7.1. Soybean Oil
13.7.2. Canola Oil
13.7.3. Palm Oil
13.7.4. Peanut Oil
13.7.5. Sunflower Oil
13.7.6. Corn Oil
13.7.7. Other
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 Vegetable Fat Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vegetable Fat Market: Market Share Analysis
14.2. Vegetable Fat Distributors and Customers
14.3. Vegetable Fat Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wilmar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. COFCO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jiusan Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bunge
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SINOGRAIN
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shandong Bohai
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cargill
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hopeful Grain & Oil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chinatex Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shandong Sanwei
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Luhua
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Donlinks International
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhongsheng
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. HSGC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Xiwang
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shandong Sanxing Group
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
