Asia Pacific Cooking Oil Market was worth USD 30.60 billion in 2021 and is estimated to be growing at a CAGR of 4.11%, to reach USD 37.42 billion by 2027.
Cooking oil is a fat that is obtained from animal, plant, and synthetic sources which are used for cooking. It is also used for flavoring purposes without using heat by spreading over foods such as salad dressings and bread dips. Cooking Oil comes in many forms from plant sources such as palm oil, olive oil, canola oil, soybean oil, peanut oil and other vegetable oils and animal-based examples are butter and lard. The guidelines are that 10% or less of calories obtained daily shall be from saturated fat and 20-35% of obtained calories daily shall come from monounsaturated and polyunsaturated fats. Oils such as coconut oil, palm oil, and palm kernel oil are high in saturated fat, which upon high usage is associated with cardiovascular diseases and high LDL concentration in the blood. Trans fats are known not to promote good health and consumption is associated with coronary heart disease.The Asia Pacific Cooking Oil market is driven by factors like a rising preference for convenience foods, rising awareness about biofuel, rising consumption of vegetable oils, rising population, and diversification of products among others. However, the market is constrained by factors like the high price involved in the process of extraction of oil from seeds and adverse climatic conditions in some regions.
The Asia Pacific Cooking Oil market is divided on the basis of extraction methods into
solvent extraction
mechanical extraction
hydrogenation
sparging
By application
food
diesel
industrial sub-segments
On the basis of type
palm kernel oil
palm oil
canola oil
soybean oil
sunflower oil
minor vegetable oil
The Asia Pacific Cooking Oil market is divided based on geography into
India
China
Japan
Indonesia
Malaysia
Australia
Asia Pacific region has the largest market for cooking oil in the world and is also the fastest growing region in the world. Factors such as the rising preference of customers for convenience foods and the growing population are expected to propel the market growth in the region.
Ach Food Companies Inc.
Archer Daniels Midland Company
Beidahuang Group
Bunge Alimentos SA
Bunge Asia Pacific Inc.
Carapelli Firenze S.P.A
Cargill Agricola S.A.
Cargill Investment (China) co. ltd
Chinatex Corporation.
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