The global edible oils market was valued at USD 94.7 billion in 2021 and is expected to reach the value of USD 170.16 billion by 2029, at a CAGR of 7.6% during the forecast period of 2023-2030
Edible oils extracted from plants, vegetables, and seeds in the region are rich in fatty acids, antioxidants, and phospholipids, among other beneficial components. These oils are highly sought after by both consumers and the food processing industry due to their low fat, low calorie, and low cholesterol content. The properties of these oils make them a healthy choice for cooking, baking, and various food applications. As a result, the Asia-Pacific region experiences a growing demand for edible oils that align with the preferences of health-conscious individuals and the food industry's focus on nutritious ingredients.
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Objectives of the Report
To carefully analyze and forecast the size of the global edible oils market by value and volume.
To estimate the market shares of major segments of the global edible oils market
To showcase the development of the global edible oils market in different parts of the world.
To analyze and study micro-markets in terms of their contributions to the global edible oils market, their prospects, and individual growth trends.
To offer precise and useful details about factors affecting the growth of the global edible oils market
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the global edible oils market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches
Recent Developments
Bunge India will introduce Hudson canola oil in January 2020. Canola Oil is high in good fats such as MUFA (Mono Unsaturated Fatty Acids), Omega-3, and antioxidants such as Vitamin E and is recommended by the IMA as a healthy cooking oil suitable for all types of cooking.
Cargill purchased an edible oil refinery in Nellore, Andhra Pradesh, in November 2021.
Cargill's investment in acquiring and upgrading the facility will significantly increase its edible oil production capacity and footprint in southern India, as well as strengthen its existing supply chain, in order to meet growing customer demand.
IFFCO acquired 3F Fuji Foods, India, in September 2020 from Fuji Oil Group, "a Japanese company specialized in vegetable oils and fats, industrial chocolate, and emulsified products," and their Indian partner 3F Industries.
Global Edible Oils Market Scope
The edible oils market is segmented on the basis of type, package type, distribution channel, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Peanut Oil
Specialty Blended Oil
Olive Oil
Corn Oil
Flaxseed Oil
Avocado Oil
Edible Oil
Pumpkin Seed Oil
Grape seed Oil
Others
Packaging type
Tinplate Containers
HDPE (High-Density Polyethylene) Containers
PVC (Poly Vinyl Chloride) Bottles
PET (Polyethylene Terephthalate) Bottles
Glass Bottles
Semi-Rigid Containers
Flexible Plastic Pouches
Others
Distribution channel
Direct
Indirect
End users
Domestics
Industrial
Food Service
What restraints the growth of edible oil market?
The high cost associated with edible oil products serves as a significant restraint for the edible oil market. Consumers may be deterred from purchasing these oils due to their premium pricing, leading to reduced overall demand. Additionally, the high production costs incurred by manufacturers can limit their profit margins and competitive pricing strategies. This price barrier can also restrict the market's expansion and hinder the penetration of premium or specialty edible oils in the region, impacting the growth potential for certain segments of the market.
Edible Oils Market Regional Analysis/Insights
The edible oils market is analysed and market size insights and trends are provided by country, type, package type, distribution channel and end user as referenced above.
The countries covered in the edible oils market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.
Competitive Landscape and Edible Oils Market Share Analysis
The edible oils market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to edible oils market.
Some of the major players operating in the edible oils market are:
Bunge Limited (US)
ADM (US)
Cargill, Incorporated (US)
ACH Food Companies, Inc. (US)
Adani Group (India)
SALAD OILS INTERNATIONAL CORPORATION (US)
American Vegetable Oils, Inc. (US)
BORGES INTERNATIONAL GROUP, S.L. (Spain)
Hebany Group (UAE)
NGO CHEW HONG EDIBLE OIL PTE LTD (Singapore)
TITAN OILS Inc., (Canada
Ragasa - Derechos Reservados (Mexico)
SOVENA (Thailand)
Sunora Foods (Canada)
A transparent research method has been accomplished with the right tools and techniques to make edible oils market research report world-class. This report contains a comprehensive data of market definition, classifications, applications, engagements, market drivers and market restraints all of which are obtained from SWOT analysis. In this report, a thorough investment analysis is offered which forecasts imminent opportunities for the market players and develops the strategies to grow return on investment (ROI). Information and data provided through the credible edible oils market business report can be very decisive for Food & Beverage industry when it comes to dominate the market or create a mark in the market as a new emergent.
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Get TOC Details
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Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Edible Oils Market
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