Asia Pacific Cooking Oils And Fats Market Overview:
The Asia Pacific Cooking Oils and Fats market size was around USD 22.04 billion in 2018. It is expected to grow at a CAGR of 1.1% to reach USD 23.27 billion by 2024. It captures 35% of the global market.
Cooking oils and fats are made up of saturated, poly-saturated, and mono-saturated fatty acids. Saturated fats increase the body cholesterol levels, while mono-saturated and poly-saturated fats tend to lower cholesterol level in the body.
Inordinate consumption of fats and oils pose as a significant threat to the market. Processed foods like French Fries, Pizzas, and Doughnuts have a large number of trans-fats that is not healthy, if consumed regularly. The consumption of trans-fats increases the LDL in the body. Additionally, consumption of trans-fats raise the incidences of numerous heart diseases, type 2 diabetes and cancer. Furthermore, the high price of raw materials makes the entry of a new player in the market extremely difficult.
Asia Pacific Cooking Oils And Fats Market Segmentation:
The market is segmented by form, by source, by type, and by application. By form the market is segmented into liquid and solid. The liquid segment dominated the market in 2018, and is projected to be the fastest-growing segment as oils are largely consumed for cooking purposes and in biodiesel, where liquid form is preferred over solid. The crystalline form of the fat has a considerable effect on the melting point and the performance of the fat in different applications in which it is used. By source the market is categorized into vegetable and animal. By application the market is categorized into Bakery & Confectionary, and Processed. Processed Food is further sub-segmented into Snacks & Savoury, R.T.E Foods/Convenience Foods, Sauces, Spreads, and Dressings, and others (Incl. Meat Products). By type the market is segmented into oil and fat. Oil is further sub-segmented into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, and other oils. Fats are further sub-segmented into Butter & Margarine, Lard, Tallow, and others. By vegetable oil type, the market is projected to be dominated by the palm oil category, followed by soybean oil and rapeseed oil. Palm oil has emerged as the most commonly utilized vegetable oil for edible purposes, especially in China, which is one of the biggest consumer of vegetable oils. The demand for palm oil is rising, owing to rise in industrial applications like biodiesel and oleo chemicals. By fat type, the butter & margarine segment commanded the largest market share in 2015. The demand for butter is greater in contrast to that for margarine, owing to the growth in preference for natural products like butter. Factors like change in customer habits and price difference between butter & margarine also fuel the demand for butter.
Regional Presence of the Asia Pacific Cooking Oils And Fats Market:
On the basis of geography the market is categorized into India, China, Korea, Japan and others. The Asia-Pacific region commanded the largest share, in terms of both value and volume, in the market, in 2018. Increase in population and growth in consumption of fats & oils, especially in Asian countries such as China and India, are projected to augment the growth of the fats & oils market in the Asia-Pacific region. Growth in population and development of food and non-food industries in the Asia-Pacific region demand more fats & oils than other end-use industries in the world.
Top Major Key Players Mentioned in the report are:
Key players in the market include Unilever PLC, Cargill, Inc., International Foodstuff Company Limited, United Plantations Berhad, Wilmar International Limited, Archer Daniels Midland Company, Associated British Foods plc, Bunge Limited, CHS Inc., and ConAgra Foods Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Form
5.1.1 Introduction
5.1.2 Solid
5.1.3 Liquid
5.1.4 Y-o-Y Growth Analysis, By Form
5.1.5 Market Attractiveness Analysis, By Form
5.1.6 Market Share Analysis, By Form
5.2 Type
5.2.1 Introduction
5.2.2 Oil
5.2.2.1 Palm Oil
5.2.2.2 Soybean Oil
5.2.2.3 Rapeseed Oil
5.2.2.4 Sunflower Oil
5.2.2.5 Olive Oil
5.2.2.6 Others
5.2.2.6.1 Coconut Oil
5.2.2.6.2 Cottonseed Oil
5.2.2.6.3 Peanut Oil
5.2.3 Fat
5.2.3.1 Butter
5.2.3.2 Shortenings & margarine
5.2.3.3 Lard
5.2.3.4 Tallow
5.2.3.5 Others
5.2.3.5.1 Poultry Fats
5.2.3.5.2 Suet
5.2.4 Y-o-Y Growth Analysis, By Type
5.2.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
5.3 Source
5.3.1 Introduction
5.3.2 Vegetable
5.3.3 Animal
5.3.4 Y-o-Y Growth Analysis, By Source
5.3.5 Market Attractiveness Analysis, By Source
5.3.6 Market Share Analysis, By Source
5.4 Application
5.4.1 Introduction
5.4.2 Bakery & Confectionery
5.4.3 Processed Food
5.4.3.1 R.T.E Foods/Convenience Foods
5.4.3.2 Sauces, Spreads, and Dressings
5.4.3.3 Others (Incl. Meat Products)
5.4.4 Y-o-Y Growth Analysis, By Application
5.4.5 Market Attrativeness Analysis, By Application
5.4.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Form
6.1.3.3 By Type
6.1.3.4 By Source
6.1.3.5 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Form
6.1.4.3 By Type
6.1.4.4 By Source
6.1.4.5 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Form
6.1.5.3 By Type
6.1.5.4 By Source
6.1.5.5 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Associated British Foods PLC (ABF)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniels Midland Company
8.3 Bunge Limited
8.4 Wilmar International Limited
8.5 Cargill, Incorporated
8.6 Conagra Foods, Inc.
8.7 International Foodstuff Company Holdings Limited (IFFCO)
8.8 Unilever PLC
8.9 United Plantations Berhad
8.10 Ajinomoto Co., Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
