PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1738486
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1738486
Fats And Oils Market Introduction and Overview
According to SPER Market Research, 'Global Fats and Oils Market Size - By Type, By Application, By Source, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Fats and Oils Market is predicted to reach 396.95 billion by 2034 with a CAGR of 3.86%.
Fats and oils are vital components in food, pharmaceuticals, cosmetics, and industrial applications, serving as energy sources and functional ingredients. Derived from both plant and animal sources, they contribute to texture, flavor, and preservation in food products. Common plant-based oils include palm, soybean, olive, and sunflower oil, while animal fats such as butter and lard remain widely used. Beyond food, fats and oils play a significant role in biodiesel production and personal care products.
Restraints: The market for fats and oils is facing difficulties despite its consistent expansion, such as supply chain interruptions, geopolitical conflicts, and shifting raw material prices brought on by climate change. Stricter laws and a drive for sustainable sourcing are the results of environmental worries about deforestation and biodiversity loss, especially in relation to the production of palm oil.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Application, By Source, By Sales Channel.
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Companies Covered Ajinomoto Co. Inc., Archer-Daniels-Midland Company, Associated British Foods plc, Bunge Limited, Cargill Incorporated, Conagra Brands Inc., Fuji Oil Holding Inc., Unilever, United Plantations Berhad, Wilmar International Limited.
Global Fats and Oils Market Segmentation:
By Type: Based on the Type, Global Fats and Oils Market is segmented as; Oil Type and Fat Type.
By Application: Based on the Application, Global Fats and Oils Market is segmented as; Food Applications and Industrial Applications.
By Source: Based on the Source, Global Fats and Oils Market is segmented as; Vegetable and Animal.
By Sales Channel: Based on the Sales Channel, Global Fats and Oils Market is segmented as; Direct Sales, Supermarkets and Hypermarkets, Retail Stores, Online Stores and Others.