North America Edible Oil Co-Products and By-Products Market was worth USD XX million in 2020, so it is estimated to reach USD XX million by 2026, growing at a CAGR of XX%. Edible oils are made up of about 96 percent triacylglycerides and a variety of fatty acids. At room temperature, edible oils can be liquid or solid. The Canadian government defines edible oils as any dietary substance other than a dairy product – regardless of source, origin, or composition – made for human consumption entirely or partially from a fat or oil other than milk. Edible oil production produces a variety of co-products and by-products, which are used in various sectors.
To boost its portfolio in the home market, food company Cargill India is looking for acquisition opportunities in the branded oils area. Cargill bought the Leonardo brand from Dalmia Continental for around Rs 100 million earlier this year.
Bunge Ltd, a publicly-traded company, has agreed to buy the edible oil division of the diverse Noida-based Amrit Group in a deal for 413 million rupees ($ 78 million).
The expansion of the edible oil co-products and by-products market can be ascribed to an increase in the use of edible oils in various applications. The market's development is being aided by the rising introduction of new kinds of edible oils. In addition, environmental concerns have increased demand for biodegradable products, which will propel the edible oil co-products and by-products market forward. Growing oil and gas industries are likely to fuel the target market's revenue growth throughout the forecast period. Other factors expected to increase demand for edible oil co-products and by-products include rising dispersed income levels, increasing demand for new tastes and flavors in developing economies, growing demand from industries such as cosmetics and personal care, and others as a growing population.
The high cost of production is hampering the market for edible oil co-products and by-products. In addition, the target market's growth is projected to be hindered by a lack of knowledge about the importance of edible oil co-products and derivatives.
North America Edible Oil Co-Products and By-Products Market is segmented based on Product and End-User.
The market is segmented into Pure Soft Oil Fatty Acid Distillate, Hard Oil Fatty Acid Distillate, Dried Soap Stock, and Others. The dried soap stack is predicted to have a much larger market share. Dried soap stock adds nutritious value to feed, enhances pelletizing, and gives you more options when it comes to usage and processing. Acidified soap stock is made by treating it with a strong mineral acid and converting it into a crude combination of fatty acids. This mixture is commonly utilized in animal feed as a calorific component.
Furthermore, customers practice good hygiene and are concerned about the transmission of viruses and bacteria. On the other hand, pure acid oil is a by-product of vegetable oil refining and primarily consists of free fatty acids, moisture, and neutral oils. Therefore, variations in the edible oil feedstock and alkaline refining process ultimately determine the qualities and composition of pure acid oil.
The market is segmented into Intermediate chemicals, Personal Care Products, Tocopherol, Soap and Detergent, and Animal Feed. Soaps and detergents are expected to generate the most revenue in the following years. Pure acid oil, which contains free fatty acids, is commonly utilized in animal feed to alleviate the health risks of eating dusty and finely processed diets. Furthermore, pure acid oil is added to animal feed to prevent bloat and boost the diet's calorie density. Pure acid oil is a crucial component in the manufacturing of soap. It's primarily utilized in the production of laundry soaps.
North America Edible Oil Co-Products and By-Products Market is segmented into the United States, Canada, and Mexico. The manufacturing of edible oil generates several by- and co-products of significant value due to rising edible oil output in the region. As a result, the North American market has been steadily developing. The requirement for edible oil co-products and by-products has grown in response to the increased need for cost-effective raw materials in the cosmetics industry. In addition, processing and purification technology advancements have reduced waste and increased the output of desired co-products and by-products.
Impact of COVID-19 on North America Edible Oil Co-Products and By-Products Market
The COVID-19 pandemic and subsequent outbreaks worldwide have been devastating, resulting in unparalleled losses in both lives and economic growth. Furthermore, lockdowns imposed by the government have harmed cash flows to factors of production, causing economic downturns in a variety of industries. Moreover, oil companies are eager to adopt new products and operational frameworks to retain their bottom line. These issues and trends will influence the market for edible oil co-products and by-products in the coming years.
Major Players in the North America Edible Oil Co-Products and By-Products Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Edible Oil Co-Products and By-Products Market, By Product
6.1.1 Pure Soft Oil Fatty Acid Distillate
6.1.2 Hard Oil Fatty Acid Distillate
6.1.3 Dried Soap Stock
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Edible Oil Co-Products and By-Products Market, By End-user
6.2.1 Intermediate Chemical
6.2.2 Personal Care Products
6.2.4 Soaps and Detergent
6.2.5 Animal Feed
6.2.6 Market Size Estimations & Forecasts (2021-2026)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Edible Oil Co-Products and By-Products Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Product
7.2.3 By End-user
8. Key Player Analysis
8.1 Oleo Misr
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Rade Chemicals
8.3 A & B Chemical Corporation
8.4 Iran Chemical Provider Co.
8.5 Cayman Chemical Company
8.6 Genome Specialities Fzc
8.7 VVF L.L.C
8.8 Mallinath Group
8.9 Chemipakhsh Iran Co. Ltd.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures