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.
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.
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.
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.
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.
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
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
7.2.1.1 USA
7.2.1.2 Canada
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
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 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
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 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
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 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
7.6.1.1 Middle East
7.6.1.2 Africa
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
Appendix
List of Tables
List of Figures
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