Cooking Oils and Fats: Global Market Intelligence (2023-2030)

REPORT OBJECTIVES

The report "Cooking Oils and Fats: Global Market Intelligence (2023-2030)" provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2023-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The global cooking oils and fats market is expected to grow at a CAGR of more than 4% from 2023 to 2030. The global market for cooking oils and fats has seen significant growth in recent years, driven by several factors. Cooking oils and fats are an essential ingredient in many cuisines, and the demand for these products has been steadily increasing, driven by changing consumer preferences and lifestyle factors. One of the primary drivers of the cooking oils and fats market is the increasing popularity of plant-based and vegan diets. Consumers are increasingly looking for healthier and more sustainable food options, and plant-based oils and fats, such as olive oil, coconut oil, and avocado oil, are gaining popularity as healthier alternatives to traditional cooking oils and fats. Another significant driver of the cooking oils and fats market is the growing demand for convenience foods. With busy lifestyles, consumers are looking for easy-to-prepare meals and snacks, leading to an increase in the consumption of processed and pre-packaged foods that often contain high levels of cooking oils and fats. The food industry is also driving the growth of the cooking oils and fats market, with many food manufacturers using cooking oils and fats in their products. The food industry demand for cooking oils and fats is driven by several factors, including taste, texture, and shelf-life, among others.

The USA, UK, The Netherlands, and China are the leading countries in cooking oils and fats market.

The key players in this market are ADM, Bunge, Cargill, Associated British Foods, Wilmar, and International Foodstuff Holdings among many others.

Sprout Intelligence expert team projected the global cooking oils and fats marketis expected to cross mark of USD 220 billion.