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:
Restraints:
Market Segmentation:
By Micronutrient:
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:
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:
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:
Global Fortified Edible Oil Market Research Report Key Highlights:
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
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