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Pulished Date November, 2019
ID: 8860
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Fortified Edible Oil Market Segmented by Product Type (Palm Oil, Soybean Oil, Sunflower Oil, Rice Barn Oil, Corn Oil and Others), By Micronutrient (Vitamin A, Vitamin D, Vitamin E and others), By Distribution Channel (Supermarket/Hypermarket, B2B, E-Commerce and Others) Regional analysis – Global Industry Analysis, Forecast, Trends and Market Size Report 2019-2024

Pulished: November, 2019
ID: 8860
Pages: 150

Fortified Edible Oil Market Size Growth Rata Analysis:

Fortified Edible Oil Market is estimated at USD 11.1 billion in 2018 and is expected to expand at CAGR 3.5% to USD 11.1 Billion by 2024

Edible oils are improved by added micronutrients and are known as fortified edible oils. Such oils contain an adequate concentration of vitamins such as vitamin A, vitamin D and vitamin E, among others. Most of these oils are produced and consumed to address the problem of under-nutrition. As a result, these have become increasingly important throughout the world over the last few years.

Recent Developments in Fortified Edible Oil Market:

In 2018, India took a significant step of mandatory staple food fortification. FSSAI (Food Safety and Standards Authority of India) continue to push for the compulsory fortification of Edible oils as the health benefits of the fortified oil was huge. Although, there has been an initial backlash from the small companies on this fortification as it keeps these companies on the barrel, as the time passed many states in India have accepted and adopted to use fortified oil. 

Drivers and Restraints of Fortified Edible Oil Market:

Drivers:

  • As nutritional deficiencies like vitamin A deficiency (VAD) increase, fortification programs such as fortified edible oils have shaped public health initiatives. As a result, several businesses have started fortifications, which have increased the demand for fortified edible oils. Statistical studies indicate that the introduction of vitamin A through fortified edible oils significantly decreased xerophthalmia and VAD by 74-90 % worldwide. This is one factor that's driving Fortified Edible oil market.
  • With the increasing disposable incomes, consumers' living standards are also improving significantly, which is expected to drive demand for the fortified edible oil market. Due to rapid urbanization in developing regions, people are opting healthier lifestyles and using low-absorption, and vitamin-fortified edible oils, resulting in increasing demand for the fortified edible oil market. 
  • In the developed economies like North America, the use of low-processed foods and the market for healthy fortified edible oils, such as enriched olive oil, has increased significantly with the increased use of olive oil in the preparation of food and salads, as it contains vitamin A and other phytonutrients.

Restraints:

  • Fortified Edible Oil Market is densely crowded with competitors ranging from MCN's to regional competitors, and this can act as a restraint to the market. 
  • The market is heavily fluctuated and highly dependent on government policies; this can be a further restraint.

Market Segmentation:

By Micronutrient:

  • Vitamin A
  • Vitamin D
  • Vitamin E
  • Others

Out of these, Vitamin A segment dominates the market, as it is more deficient among the general masses. This segment is also expected to dominate the market in the future. This demand can be attributed to growing diseases caused by a lack of vitamin A, such as xerophthalmia. Vitamin D and E are expected to show significant growth in the coming years.

By Distribution Channel:

  • Supermarket
  • Hypermarket
  • B2B
  • E-Commerce
  • Others

Hypermarkets/supermarkets dominate the market because they are at the top in terms of consumer preference for their tangibility. Online sales in the e-commerce market have shown strong growth in recent years due to their convenience.

Fortified Edible Oil Market Region-wise analysis:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Saudi Arabia

During the forecast period, North America is expected to show significant growth in the global market for fortified edible oils due to a growing awareness among the local population of the various health benefits of these oils. The United States is the largest regional member, with more than half of its adults suffering from high cholesterol, which can be substantially controlled by the use of fortified edible oils.

The Asia-Pacific area is expected to see maximum growth in the years ahead, due to various new trends in the food and beverage industries in India and China, and their growing demand for fortified edible oils. According to the study, about 40 per cent of children under the age of five in India show sluggish growth. As a result, the use of fortified edible oils in their daily diets is likely to help reduce this issue and boost the regional market for fortified edible oils.

Some key players in the fortified edible oil market are:

  1. Bunge Limited
  2. Ruchi Soya Industries
  3. Archer Daniels Midland
  4. Conagra Brands
  5. Adani Wilmar
  6. Others

Global Fortified Edible Oil Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of Recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentations of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

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 By Product Type                       

                                5.1.1 Introduction           

                                5.1.2 Palm Oil    

                                5.1.3 Soybean Oil            

                                5.1.4 Sunflower Oil         

                                5.1.5 Rice bran Oil           

                                5.1.6 Corn Oil    

                                5.1.7 Others      

                                5.1.8 Y-o-Y Growth Analysis, By Automation Level           

                                5.1.9 Market Attractiveness Analysis, By Automation Level         

                                5.1.10 Market Share Analysis, By Automation Level         

                5.2 By Microneutrient                   

                                5.2.1 Introduction           

                                5.2.2 Vitamin A 

                                5.2.3 Vitamin D 

                                5.2.4 Vitamin E 

                                5.2.5 Others      

                                5.2.6 Y-o-Y Growth Analysis, By Automation Level           

                                5.2.7 Market Attractiveness Analysis, By Automation Level         

                                5.2.8 Market Share Analysis, By Automation Level           

                5.3 By Distribution Channel                         

                                5.3.1 Introduction           

                                5.3.2 Retalier Stores       

                                5.3.3 Online Retailers    

                                5.3.4 Y-o-Y Growth Analysis, By Automation Level           

                                5.3.5 Market Attractiveness Analysis, By Automation Level         

                                5.3.6 Market Share Analysis, By Automation Level           

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 Product Type

                                                6.1.3.3 By Microneutrient

                                                6.1.3.4 By Distribution Channel

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product Type

                                                6.1.4.3 By Microneutrient

                                                6.1.4.4 By Distribution Channel

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product Type

                                                6.1.5.3 By Microneutrient

                                                6.1.5.4 By Distribution Channel

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

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 Leader Analysis                                           

                8.1 Bunge Limited                           

                                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 Ruchi Soya                  

                8.3 Archer Daniels Midland                         

                8.4 Congra Brands                           

                8.5 Adani Wilmar                             

                8.6 Fortune                        

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                              

  • 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 Micronutrient, by Distributional Channels, 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 analyzing 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 Fortified Edible Oils Market By Region, From 2019-2024 ( USD Billion )
  2. Global Fortified Edible Oils Market By Product Type, From 2019-2024 ( USD Billion )
  3. Global Palm Oil Market By Region, From 2019-2024 ( USD Billion )
  4. Global Soyabean Oil Market By Region, From 2019-2024 ( USD Billion )
  5. Global Sunflower Oil Market By Region, From 2019-2024 ( USD Billion )
  6. Global Olive Oil Market By Region, From 2019-2024 ( USD Billion )
  7. Global Corn Oil Market By Region, From 2019-2024 ( USD Billion )
  8. Global Rice Bran Oil Market By Region, From 2019-2024 ( USD Billion )
  9. Global Canola Oil Market By Region, From 2019-2024 ( USD Billion )
  10. Global Others Market By Region, From 2019-2024 ( USD Billion )
  11. Global Fortified Edible Oils Market By Microneutrient, From 2019-2024 ( USD Billion )
  12. Global Vitamin A Market By Region, From 2019-2024 ( USD Billion )
  13. Global Vitamin D Market By Region, From 2019-2024 ( USD Billion )
  14. Global Vitamin E Market By Region, From 2019-2024 ( USD Billion )
  15. Global Others Market By Region, From 2019-2024 ( USD Billion )
  16. Global Fortified Edible Oils Market By Distribution Channel, From 2019-2024 ( USD Billion )
  17. Global HyperMarkets/SuperMarkets Market By Region, From 2019-2024 ( USD Billion )
  18. Global B2B Market By Region, From 2019-2024 ( USD Billion )
  19. Global E-Commerce Market By Region, From 2019-2024 ( USD Billion )
  20. Global Speciality Retail Market By Region, From 2019-2024 ( USD Billion )
  21. Global Others Market By Region, From 2019-2024 ( USD Billion )

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