Market Research Report
Global Edible Oils and Fats Research Report - Forecast to 2023
|Published by||Market Research Future||Product code||538476|
|Published||Content info||170 Pages
|Global Edible Oils and Fats Research Report - Forecast to 2023|
|Published: June 21, 2017||Content info: 170 Pages||
Based on the continued demand for edible oils and fats across the region as a major ingredient for culinary purpose, the global edible oils and fats market is projected to reach 298,522 kilo tons growing with CAGR of 4.56% during the forecast period of 2017-2023. In 2017, APAC is anticipated to hold a major market share followed by Europe. Large share of APAC in edible oils and fats market is backed up by the regions' high resources of crops and livestock. Europe will witness higher market growth in edible oils and fats market during forecast period. Increasing demand of animal fats such as lard and tallow in the region and also improved harvesting techniques are driving the edible oils and fats market in Europe.
Palm oil and soybean oil together are evaluated to hold a major share of more than 45% of market share in the year 2017. Corn oil will witness higher growth rate during the forecast period based on increasing demand of corn oil for industrial purpose. Rising adoption of vegan life-style and increased demand for naturally sourced products will increased the share of plant sourced edible oil and fats on a global level. Plant sourced oils are evaluated to hold a lion's share of more than 80% in 2017. Animal sourced fats will witness steady growth rate during the forecast period. Wide range of oils and fat available in market with unique and peculiar characteristics will attract population of mass consumers across the globe. Industrial applications of edible oil and fats for the production of bio-fuel has boosted the market and will contribute in its market growth during forecast period.
The Global Edible Oils and Fats market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific has the major market share followed by Europe. APAC holds major market share of more than 50% in edible oils and fats market and it is projected to reach a market volume of more than 1,50,000 kilo tons with CAGR of 4.70% during the corresponding period. Europe will witness higher market growth (~6.05%) in edible oils and fats market during forecast period.
The leading market players in the Global Edible Oils and Fats market primarily are Archer-Daniels-Midland Co. (U.S.), Associated British Foods Plc. (U.K.), Wilmar International Ltd (Singapore), Bunge limited (U.S.), Adani Wilmar Ltd (India), Cargill, Inc.(U.S.) and Ajinomoto Co., Inc.(Japan)
Regional and State wise Analysis of Global Edible Oils and Fats market Development and Demand Forecast to 2023 Market
The reports also cover country level analysis: