Pulished Date August, 2019
ID: 2594
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Fats and Oils Market Segmented by Product Type (Olive Oil, Soybean Oil, Sunflower Seed Oil, Rapeseed Oil, Coconut Oil, Palm Oil and Others), by Application (Food & Beverage, Industrial, Animal Feed, Pharmaceutical and Personal Care), by Form (Solid and Liquid), by Source (Animal and Plants), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size and Forecast to 2024

Pulished: August, 2019
ID: 2594
Pages: 175

Fats and Oils Market Size and Growth (2019-2024):

Global Fats and Oils Market is expected to increase at a CAGR around 4.4% from USD 227.5 billion in 2019 to reach USD 282.8 billion by 2024. Fats and Oils have been an integral part of human diet since times immemorial. Oils are considered as the liquid form of fats with some additives and preservatives. Though edible fats and oils are used as a part of food making, the non-edible variants are extensively used as lubricants or for other purposes in the industrial applications. In the recent years, oils extracted from coconut, olive, rapeseed and others have been used in the personal care industry to prepare soaps, moisturizers, etc.

Key Market Growth Drivers:

As mentioned above, fats and oils are an essential part of human diet, which therefore, are increasing with the rising global population. The change in consumer food patterns, growth in the intake of meat products, demand for new tastes and other factors are also promoting the business growth. Applications of these products in the industries, and personal care sectors in the manufacture of soaps, cosmetics, and other formulations is supplementing market demand across the globe.

Market Challenges:

On the other hand, there are some aspects that are limiting the expansion of the global Fats and Oils business. Primarily, the health concerns and risk of obesity, heart disorders, diabetes and other chronic illnesses with the excessive intake of fats and oils is limiting the market development. In addition, the high prices of raw materials used in the processing and production also hinders the business growth.

Potential Opportunities:

The increasing research and development activities by leading manufactures to introduce low-calorie and low-cholesterol foods will create lucrative opportunities for the growth of the global fats and oils trade in the forecast period. Moreover, the development of alternatives trans fats and implementation of products like biodiesel in transportation sector are likely to boost the international market in the coming years.

Recent Developments:

  • Stratas Foods introduced the Select 1020 shortening to address the nutritional need of the consumers. The shortening is made of soybean oil, which offers less saturated fats and a zero hydrogenation.

  • Bunge Loders Croklaan have recently launched Non-GMO Project verified canola and soybean oils in the market, which are sold under its Whole Harvest brand, meeting the requirements for clean label ingredients.
  • Kemin implemented plant-based oxidative stability ingredients that can help control lip oxidation in baked foods and extend the shelf life of products with unchanged original taste.
  • Cargill has lately developed PalmAgility, which aims to offer simple usage and storage of shortenings during different processing conditions and temperature. This also involves a surge in creaminess for the integration of various components, decreased fragility and other factors.

Fats and Oils Market Segmentation Analysis:

This research report on global Fats and Oils market is segmented into following categories, along with market analysis and forecast for each segment until 2024.

Fats and Oils Market - By Product Type:

  • Olive Oil
  • Soybean Oil
  • Coconut Oil
  • Sunflower Seed Oil
  • Rapeseed Oil
  • Palm Oil
  • Others

Fats and Oils Market – By Application:

  • Food & Beverages
  • Pharmaceuticals
  • Personal Care
  • Animal Feed
  • Industrial Uses

On the basis of application, the food and beverages segment held the highest portion in the global trade. The rise in consumer preference for different varieties and worldwide flavors has augmented the use of Fats and Oils in this segment. The change in lifestyle of consumers coupled with the availability of low-calorie and trans-fat substitute products bolsters the demand in global Fats and Oils business.

Fats and Oils Market – By Form:

  • Solid
  • Liquid

Based on the form, the liquid segment is expected to account for the considerable revenue share in the future due to the increasing applications in food, cosmetics and industrial applications around the world.

Fats and Oils Market – By Source:

  • Animal
  • Plants

By Source, animal extracted fats are the leading segment in the global fats and oils market. However, the increasing demand for healthy lifestyle is predicted to create immense growth potential for the extension of plan-based fats and oils in the foreseen years.

Regional Analysis:

The Asia Pacific region dominated the global Fats and Oils market, attributing to the high consumption of processed foods, huge population, consumer awareness for healthy lifestyle and the availability of various products. India, China, Indonesia, and Malaysia are the major countries contributing to this market in the Asia Pacific.

North America, Europe and Latin America are also likely to witness noteworthy growth in the projected years due to the rising demand for nutritious food, need for biodiesel in the transportation sector and rapid industrialization. Consumer shift towards plant-extracted fats and oils, and the availability of alternatives to trans-fats are further anticipated to fuel this business in the global regions.

Key Players in the market:

Companies leading the Global Fats and Oils Market are

  • Cargill, Inc.
  • Corteva, Inc.
  • Archer Daniels Midland Company
  • Arista Industries
  • Unilever Plc
  • Conagra Foods
  • Bunje Limited
  • Ajinomoto Co. Inc.
  • British Foods Plc
  • Wilmar International
  • United Plantations Berhad

1. Introduction                                 

            1.1 Market Definition                       

            1.2 Scope of the report                    

            1.3 Study Assumptions                    

            1.4 Base Currency, Base Year and Forecast Periods                      

2. Research Methodology                            

            2.1 Analysis Design             

            2.2 Research Phases            

                        2.2.1 Secondary Research   

                        2.2.2 Primary Research        

                        2.2.3 Data Modelling

                        2.2.4 Expert Validation        

            2.3 Study Timeline               

3. Report Overview                           

            3.1 Executive Summary                   

            3.2 Key Inferencees              

4. Market Dynamics                         

            4.1 Impact Analysis              

                        4.1.1 Drivers 

                        4.1.2 Restaints          

                        4.1.3 Opportunities 

            4.2 Regulatory Environment                        

            4.3 Technology Timeline & Recent Trends            

5. Competitor Benchmarking Analysis                               

            5.1 Key Player Benchmarking                      

                        5.1.1 Market share analysis 

                        5.1.2 Products/Service        

                        5.1.3 Regional Presence      

            5.2 Mergers & Acquistion Landscape                     

            5.3 Joint Ventures & Collaborations           

6. Market Segmentation                              

            6.1 Global Fats and Oils Market, By Product Type            

                        6.1.1 Olive Oil           

                        6.1.2 Soybean Oil     

                        6.1.3 Coconut Oil     

                        6.1.4 Sunflower Seed Oil     

                        6.1.5 Rapeseed Oil   

                        6.1.6 Palm Oil

                        6.1.7 Market Size Estimations & Forecasts (2019-2024) 

                        6.1.8 Y-o-Y Growth Rate Analysis  

                        6.1.9 Market Attractiveness Index  

            6.2 Global Fats and Oils Market, By Application               

                        6.2.1 Food & Beverages       

                        6.2.2 Pharmaceuticals         

                        6.2.3 Personal Care  

                        6.2.4 Animal Feed    

                        6.2.5 Industrial Uses

                        6.2.6 Market Size Estimations & Forecasts (2019-2024) 

                        6.2.7 Y-o-Y Growth Rate Analysis  

                        6.2.8 Market Attractiveness Index  

            6.3 Global Fats and Oils Market, By Form              

                        6.3.1 Solid     

                        6.3.2 Liquid  

                        6.3.3 Market Size Estimations & Forecasts (2019-2024) 

                        6.3.4 Y-o-Y Growth Rate Analysis  

                        6.3.5 Market Attractiveness Index  

            6.4 Global Fats and Oils Market, By Source           

                        6.4.1 Animals

                        6.4.2 Plants   

                        6.4.3 Market Size Estimations & Forecasts (2019-2024) 

                        6.4.4 Y-o-Y Growth Rate Analysis  

                        6.4.5 Market Attractiveness Index  

7. Geographical Landscape                         

            7.1 Global Identity Governance and Administration Market, by Region             

            7.2 North America - Market Analysis (2018 - 2024)                   

                        7.2.1 By Country      



                        7.2.2 By Product Type          

                        7.2.3 By Application 

                        7.2.4 By Form

                        7.2.5 By Source        

            7.3 Europe                

                        7.3.1 By Country      






                           Rest of Europe

                        7.3.2 By Product Type          

                        7.3.3 By Application 

                        7.3.4 By Form

                        7.3.5 By Source        

            7.4 Asia Pacific                     

                        7.4.1 By Country      




                           South Korea

                           South East Asia

                           Australia & NZ

                           Rest of Asia-Pacific

                        7.4.2 By Product Type          

                        7.4.3 By Application 

                        7.4.4 By Form

                        7.4.5 By Source        

            7.5 Latin America                 

                        7.5.1 By Country      




                           Rest of Latin America

                        7.5.2 By Product Type          

                        7.5.3 By Application 

                        7.5.4 By Form

                        7.5.5 By Source        

            7.6 Middle East and Africa               

                        7.6.1 By Country      

                           Middle East


                        7.6.2 By Product Type          

                        7.6.3 By Application 

                        7.6.4 By Form

                        7.6.5 By Source        

8. Key Player Analysis                                  

            8.1 Cargill Incorporated                  

                        8.1.1 Business Description  

                        8.1.2 Products/Service        

                        8.1.3 Financials        

                        8.1.4 SWOT Analysis

                        8.1.5 Recent Developments

                        8.1.6 Analyst Overview        

            8.2 Archer Daniels Midland Company                    

            8.3 Unilever plc                     

            8.4 ConAgra Foods              

            8.5 Corteva, Inc.                   

            8.6 Arista Industries            

            8.7 Bunje Limited                 

            8.8 Ajinomoto Co. Inc.                     

            8.9 British Foods plc            

            8.10 Wilmar International                

9. Market Outlook & Investment Opportunities                            


            List of Tables            

            List of Figures                       

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product, Application, Form, Source and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market



  1. Global Fats and Oils Market By Region, From 2019-2024 ( USD Billion )
  2. Global Fats and Oils Market By Product Type, From 2019-2024 ( USD Billion )
  3. Global Olive Oil Market By Region, From 2019-2024 ( USD Billion )
  4. Global Soybean Oil Market By Region, From 2019-2024 ( USD Billion )
  5. Global Coconut Oil Market By Region, From 2019-2024 ( USD Billion )
  6. Global Sunflower Seed Oil Market By Region, From 2019-2024 ( USD Billion )
  7. Global Rapeseed Oil Market By Region, From 2019-2024 ( USD Billion )
  8. Global Palm Oil Market By Region, From 2019-2024 ( USD Billion )
  9. Global Fats and Oils Market By Application, From 2019-2024 ( USD Billion )
  10. Global Food & Beverages Market By Region, From 2019-2024 ( USD Billion )
  11. Global Pharmaceuticals Market By Region, From 2019-2024 ( USD Billion )
  12. Global Personal Care Market By Region, From 2019-2024 ( USD Billion )
  13. Global Animal Feed Market By Region, From 2019-2024 ( USD Billion )
  14. Global Industrial Uses Market By Region, From 2019-2024 ( USD Billion )
  15. Global Fats and Oils Market By Form, From 2019-2024 ( USD Billion )
  16. Global Solid Market By Region, From 2019-2024 ( USD Billion )
  17. Global Liquid Market By Region, From 2019-2024 ( USD Billion )
  18. Global Fats and Oils Market By Source, From 2019-2024 ( USD Billion )
  19. Global Animals Market By Region, From 2019-2024 ( USD Billion )
  20. Global Plants Market By Region, From 2019-2024 ( USD Billion )

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