Latin America Cooking Oils and Fats Market size was around USD 7.56 billion in 2022. It is expected to grow at a CAGR of 0.6% to reach USD 7.79 billion by 2027.
It captures 12% of the global market. Cooking oils and fats comprise saturated, poly-saturated, and mono-saturated fatty acids. Saturated fats increase the body's cholesterol levels, while mono-saturated and poly-saturated fats tend to lower cholesterol levels in the body.
The growing demand for cooking oils and fats in developing countries such as India, Indonesia, and Argentina is the primary factor driving the market demand. The rise in the disposable income of consumers and the growing busy lifestyle of the consumer is the second reason driving the demand for processed foods and ready-to-drink beverages worldwide. This factor, in turn, is driving the demand for the market worldwide. Additionally, the rising use of high-quality edible oils related to the moderate consumption of oils and fats is another key factor driving the demand for the market.Inordinate consumption of fats and oils poses a significant threat to the market. Processed foods like French Fries, Pizzas, and Doughnuts have a large number of trans-fats that are not healthy if consumed regularly. The consumption of trans-fats increases LDL in the body. Additionally, the consumption of trans-fats raises the incidences of numerous heart diseases, type 2 diabetes, and cancer. Furthermore, the high price of raw materials makes the entry of a new player in the market extremely difficult.
Based on Form:
Solid
Liquid
Based on Type:
Oil
Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Others
Coconut Oil
Cottonseed Oil
Peanut Oil
Fat
Butter
Shortenings & margarine
Lard
Tallow
Others
Poultry Fats
Suet
Based on Source:
Vegetable
Animal
Based on Application:
Bakery & Confectionery
Processed Food
R.T.E Foods/Convenience Foods
Sauces, Spreads, and Dressings
Others (Incl. Meat Products)
Brazil
Chile
Argentina
Latin America Cooking Oils and Fats Market Keyplayers:
Unilever PLC, Cargill, Inc.
International Foodstuff Company Limited
United Plantations Berhad
Wilmar International Limited
Archer Daniels Midland Company
Associated British Foods plc
Bunge Limited
CHS Inc
ConAgra Foods Inc
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