North America Fats and Oils Market was worth USD 69.74 billion in 2021 and estimated to be growing at a CAGR of 3.56%, to reach USD 83.07 billion by 2026.
Fats and oils are organic substances which form an essential part of the human diet in addition to having various industrial applications. The usual form of fats and oils are in solid and liquid state respectively. Fats and oils are considered as high energy food substances which provide to the likes of 9 calories per gram of fat. The energy density is also higher compared to proteins and carbohydrates.
Additionally, fats and oils have lubricating, emulsifying and whipping properties as well as a high caloric value. A special category of edible fats called dietary fats are important in supporting cell growth and protection of body organs. Their other functions include developing hormones and regulate vitamins in the body. They also find applications in industrial manufacture of edible products due to their smooth, creamy and rich texture and their milky and creamy appearance.
The major driver of the North America fats and oils market is the large number of industries in the region who find applications for fats and oils. The confectionary and bakery industry in North America is the highest grosser of fats and oils market. They are also demanded in large quantities for use in oleochemical industries and for the production of biodiesel. The increasing demand for vegetable oil in the region also fuels the growth of the market. Other factors include rising population and rising demand for processed food. Inspite of the drivers, the challenges regarding their manufacture and the increasing health concerns among consumers are restraints for the market growth.
The North America Fats and Oils market is broadly classified into Palm, Sunflower, Olive, Soybean, Rapeseed and others based on product type. Based on application, they are classified as Food, Industrial, Personal Care, Animal Feed and Pharmaceutical. They are further classified into butter, ghee, lard and suet on the basis of animal fats. Based on form they are classified into solid and liquid and based on source they are classified into plants and animals.
Geographically the North America Fats And Oils Market is segmented into US, Canada, Mexico and Rest of North America. The North American market has the second highest market revenue worldwide with it commanding almost a third of the total market share in 2018. The highly developed nature of the market is also evident from the low CAGR for the region since the scope for growth is minimal. The USA fats and oils market is the major player in the region.
Key Players in the Market:
Major Key Players in the North America Fats And Oils Market are
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 Product Type
5.1.1 Introduction
5.1.2 Palm
5.1.3 Sunflower
5.1.4 Olive
5.1.5 Soybean
5.1.6 Rapeseed
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Product Type
5.1.9 Market Attractiveness Analysis, By Product Type
5.1.10 Market Share Analysis, By Product Type
5.2 Application
5.2.1 Introduction
5.2.2 Food
5.2.3 Industrial
5.2.4 Personal Care
5.2.5 Animal Feed
5.2.6 Pharmaceutical
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
5.3 Animal Fats
5.3.1 Introduction
5.3.2 Butter
5.3.3 Ghee
5.3.4 Lard
5.3.5 Suet
5.3.6 Y-o-Y Growth Analysis, By Animal Fats
5.3.7 Market Attractiveness Analysis, By Animal Fats
5.3.8 Market Share Analysis, By Animal Fats
5.4 Form
5.4.1 Introduction
5.4.2 Liquid
5.4.3 Solid
5.4.4 Y-o-Y Growth Analysis, By Form
5.4.5 Market Attractiveness Analysis, By Form
5.4.6 Market Share Analysis, By Form
5.5 Sources
5.5.1 Introduction
5.5.2 Plants
5.5.3 Animals
5.5.4 Y-o-Y Growth Analysis, By Sources
5.5.5 Market Attractiveness Analysis, By Sources
5.5.6 Market Share Analysis, By Sources
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 Application
6.1.3.4 By Animal Fats
6.1.3.5 By Form
6.1.3.6 By Sources
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 Application
6.1.4.4 By Animal Fats
6.1.4.5 By Form
6.1.4.6 By Sources
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 Application
6.1.5.4 By Animal Fats
6.1.5.5 By Form
6.1.5.6 By Sources
6.2 United States
6.3 Canada
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 Leaders' Analysis
8.1 Cargill
8.1.1 Overview
8.1.2 Product Type Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniels Midland Company
8.3 Bunge Limited
8.4 International Foodstuff Company Holdings
8.5 Wilmar International
8.6 Associated British Foods
8.7 Ajinomoto
8.8 ConAgra Foods
8.9 Unilever PLC
8.10 United Plantations Berhad
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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