Latin America Cooking Oil Market

Latin America Cooking Oil Market Size, Share, Growth (2022-2027)

Latin America Cooking Oil Market was worth USD 11.84 billion in 2021 and is estimated to grow at a CAGR of 3.91% to reach USD 14.35 billion by 2027.

Latin America Cooking Oil Market Overview

Cooking oil is a fat that is obtained from animal, plant and synthetic sources which are used for cooking. It is also used for flavoring purposes without using heat by spreading over foods such as salad dressings and bread dips.Cooking Oil comes in many forms from plant sources such as palm oil, olive oil, canola oil, soybean oil, peanut oil and other vegetable oils and animal-based examples are butter and lard. The guidelines are that 10% or less of calories obtained daily shall be from saturated fat and 20-35% of obtained calories daily shall come from monounsaturated and polyunsaturated fats. Oils such as coconut oil, palm oil and palm kernel oil are high in saturated fat, which upon high usage is associated with cardiovascular diseases and high LDL concentration in the blood. Trans fats are known not to promote good health and consumption is associated with coronary heart disease.The Latin America Cooking Oil market is driven by factors like rising preference for convenience foods, rising awareness about biofuel, rising consumption of vegetable oils, rising population and diversification of products among others. However, the market is constrained by factors like high price involved in the process of extraction of oil from seeds and adverse climatic conditions in some regions.

on the basis of  extraction method

• solvent extraction

• mechanical extraction

• hydrogenation

• sparging

By application

• food

• diesel

• industrial sub-segments

On the basis of type

• palm kernel oil

• palm oil

• canola oil

• soybean oil

• sunflower oil

• minor vegetable oil

Latin America Cooking Oil Market Regional Analysis

• Brazil

• Argentina

• Chile

• Peru 

Latin America Cooking Oil Market Keyplayers

1. Ach Food Companies Inc.

2. Archer Daniels Midland Company

3. Beidahuang Group

4. Bunge Alimentos SA

5. Bunge Latin America Inc.

6. Carapelli Firenze S.P.A

7. Cargill Agricola S.A.

8. Cargill Investment (China) co. ltd

9. Chinatex Corporation