US Edible Oils and Fats Market Size and Forecasts (2022 - 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type, Application, and Geography

List of Tables

The US edible oils and fats market size was valued at US$ 9.52 billion in 2022 and is projected to reach US$ 13.11 billion by 2030; it is expected to register a CAGR of 4.1% from 2023 to 2030.

Edible oils are common vegetable oils including soybean oil, sunflower oil, and others. At room temperature, oils are liquid, while fats are partially solid. Edible oils are mainly sourced from soybean, coconut, rapeseed, palm, sunflower, and cottonseed. Oils and fats improve taste of the food and provide good texture to the final product. Edible oils are commonly used in industrial food manufacturing and home cooking worldwide and are the primary source of unsaturated fats and vitamin E in human diets. The growing importance of edible oils and fats as a key source of several nutrients, including vitamin E, selenium, phytosterols, and magnesium, in the food & beverages industry is expected to remain a favorable factor in the coming years. These factors are expected to drive the market in the US during the forecast period.

The demand for plant-based and low-fat products is increasing with rising health consciousness among consumers. Thus, manufacturers are developing plant-based shortenings and low-fat oils to cater to the rising demand. Plant-based shortenings are non-hydrogenated and contain no cholesterol and trans-fat. Thus, it is considered a healthier alternative. Moreover, the increasing problems of cardiovascular diseases, obesity, and diabetes over the years have triggered the demand for low-fat products and are expected to boost the demand for low-fat oils among various industries such bakery & confectioneries, dairy & frozen desserts, snacking, etc.

Consumers have been inclined toward plant-based products as they consider them healthier than conventional products. In addition, rising awareness regarding animal protection and environmental sustainability are the major factors creating the popularity of these plant-based products. As per the data published by "Veganuary"-a nonprofit organization encouraging people to go vegan for the whole month of January-in 2021, ~5.8 million people registered for the "Veganuary Campaign." Thus, the rising veganism trend and increasing demand for plant-based shortening and low-fat oils among various end-use industries to cater to the rising demand from consumers is creating lucrative growth opportunities in the edible oils and fats market.

Bunge Ltd, Archer-Daniels-Midland Co, Fuji Oil Co Ltd, Kao Corp, AAK AB, J-Oil Mills Inc, Cargill Inc, Olam Group Ltd, ConnOils LLC, and Louis Dreyfus Co BV are the key players operating in the US edible oils and fats market. These market players are focusing on providing high-quality, innovative products to fulfill customers' demands and increase their US edible oils and fats market share.

The overall US edible oils and fats market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the US edible oils and fats market.

Reasons to Buy:

Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the US edible oils and fats market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Product Code: TIPRE00030042

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions

4. US Edible Oils and Fats Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.1 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors

5. US Edible Oils and Fats Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand for Edible Oils and Fats from Food & Beverage Processing Industry
- 5.1.2 Strategic Development Initiatives by Manufacturers
5.2 Market Restraints
- 5.2.1 Increasing Prices of Edible Oils
5.3 Market Opportunity
- 5.3.1 Growing Demand for Plant-based Shortenings and Low-fat Oils
5.4 Future Trend
- 5.4.1 Adoption of Microencapsulation Technology
5.5 Impact Analysis

6. Edible Oils and Fats Market - The US Market Analysis

6.1 US Edible Oils and Fats Market Revenue (US$ Million)
6.2 US Edible Oils and Fats Market Volume (Kilo Tons)
6.3 US Edible Oils and Fats Market Forecast and Analysis

7. US Edible Oils and Fats Market Analysis - Type

7.1 Oils
- 7.1.1 Overview
- 7.1.2 Oils Market Revenue and Forecast to 2030 (US$ Million)
- 7.1.3 Oils Market Volume and Forecast to 2030 (Kilo Tons)
- 7.1.4 Soybean Oil
  - 7.1.4.1 Overview
  - 7.1.4.2 Soybean Oil Market Revenue and Forecast to 2030 (US$ Million)
  - 7.1.4.3 Soybean Oil Market Volume and Forecast to 2030 (Kilo Tons)
- 7.1.5 Sunflower Oil
  - 7.1.5.1 Overview
  - 7.1.5.2 Sunflower Oil Market Revenue and Forecast to 2030 (US$ Million)
  - 7.1.5.3 Sunflower Oil Market Volume and Forecast to 2030 (Kilo Tons)
- 7.1.6 Palm Oil
  - 7.1.6.1 Overview
  - 7.1.6.2 Palm Oil Market Revenue and Forecast to 2030 (US$ Million)
  - 7.1.6.3 Palm Oil Market Volume and Forecast to 2030 (Kilo Tons)
- 7.1.7 Canola Oil/Rapeseed Oil
  - 7.1.7.1 Overview
  - 7.1.7.2 Canola Oil/Rapeseed Oil Market Revenue and Forecast to 2030 (US$ Million)
  - 7.1.7.3 Canola Oil/Rapeseed Oil Market Volume and Forecast to 2030 (Kilo Tons)
- 7.1.8 Others
  - 7.1.8.1 Overview
  - 7.1.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
  - 7.1.8.3 Others Market Volume and Forecast to 2030 (Kilo Tons)
7.2 Fats
- 7.2.1 Overview
- 7.2.2 Fats Market Revenue and Forecast to 2030 (US$ Million)
- 7.2.3 Fats Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2.4 Butter
  - 7.2.4.1 Overview
  - 7.2.4.2 Butter Market Revenue and Forecast to 2030 (US$ Million)
  - 7.2.4.3 Butter Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2.5 Margarine
  - 7.2.5.1 Overview
  - 7.2.5.2 Margarine Market Revenue and Forecast to 2030 (US$ Million)
  - 7.2.5.3 Margarine Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2.6 Palm Oil Based Shortening
  - 7.2.6.1 Overview
  - 7.2.6.2 Palm Oil Based Shortening Market Revenue and Forecast to 2030 (US$ Million)
  - 7.2.6.3 Palm Oil Based Shortening Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2.7 Vegetable Oil Based Shortening
  - 7.2.7.1 Overview
  - 7.2.7.2 Vegetable Oil Based Shortening Market Revenue and Forecast to 2030 (US$ Million)
  - 7.2.7.3 Vegetable Oil Based Shortening Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2.8 Others
  - 7.2.8.1 Overview
  - 7.2.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
  - 7.2.8.3 Others Market Volume and Forecast to 2030 (Kilo Tons)

8. US Edible Oils and Fats Market Analysis - Application

8.1 Food and Beverages
- 8.1.1 Overview
- 8.1.2 Food and Beverages Market Revenue, and Forecast to 2030 (US$ Million)
- 8.1.3 Bakery and Confectionery
  - 8.1.3.1 Overview
  - 8.1.3.2 Bakery and Confectionery Market Revenue, and Forecast to 2030 (US$ Million)
- 8.1.4 Dairy and Frozen Desserts
  - 8.1.4.1 Overview
  - 8.1.4.2 Dairy and Frozen Desserts Market Revenue, and Forecast to 2030 (US$ Million)
- 8.1.5 RTE and RTC Meals
  - 8.1.5.1 Overview
  - 8.1.5.2 RTE and RTC Meals Market Revenue, and Forecast to 2030 (US$ Million)
- 8.1.6 Snacks
  - 8.1.6.1 Overview
  - 8.1.6.2 Snacks Market Revenue, and Forecast to 2030 (US$ Million)
- 8.1.7 Others
  - 8.1.7.1 Overview
  - 8.1.7.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Animal Nutrition
- 8.2.1 Overview
- 8.2.2 Animal Nutrition Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Pharmaceuticals and Nutraceuticals
- 8.3.1 Overview
- 8.3.2 Pharmaceuticals and Nutraceuticals Market Revenue and Forecast to 2030 (US$ Million)

9. US Edible Oils and Fats Market - Regional Analysis

9.1 US Edible Oils and Fats Market
- 9.1.1 Overview
- 9.1.2 US Edible Oils and Fats Market Breakdown by Region
  - 9.1.2.1 Edible Oils and Fats Market Breakdown by Region
  - 9.1.2.2 Northeast Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)
  - 9.1.2.3 Northeast Edible Oils and Fats Market Volume and Forecasts To 2030 (Kilo Tons)
    - 9.1.2.3.1 Northeast Edible Oils and Fats Market Breakdown by Type
    - 9.1.2.3.2 Northeast Edible Oils and Fats Market Breakdown by Application
  - 9.1.2.4 Southwest Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)
  - 9.1.2.5 Southwest Edible Oils and Fats Market Volume and Forecasts To 2030 (Kilo Tons)
    - 9.1.2.5.1 Southwest Edible Oils and Fats Market Breakdown by Type
    - 9.1.2.5.2 Southwest Edible Oils and Fats Market Breakdown by Application
  - 9.1.2.6 West Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)
  - 9.1.2.7 West Edible Oils and Fats Market Volume and Forecasts To 2030 (Kilo Tons)
    - 9.1.2.7.1 West Edible Oils and Fats Market Breakdown by Type
    - 9.1.2.7.2 West Edible Oils and Fats Market Breakdown by Application
  - 9.1.2.8 Southeast Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)
  - 9.1.2.9 Southeast Edible Oils and Fats Market Volume and Forecasts To 2030 (Kilo Tons)
    - 9.1.2.9.1 Southeast Edible Oils and Fats Market Breakdown by Type
    - 9.1.2.9.2 Southeast Edible Oils and Fats Market Breakdown by Application
  - 9.1.2.10 Midwest Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)
  - 9.1.2.11 Midwest Edible Oils and Fats Market Volume and Forecasts To 2030 (Kilo Tons)
    - 9.1.2.11.1 Midwest Edible Oils and Fats Market Breakdown by Type
    - 9.1.2.11.2 Midwest Edible Oils and Fats Market Breakdown by Application

10. Impact of COVID-19 Pandemic on US Edible Oils and Fats Market

10.1 Pre & Post COVID-19 Impact on US Edible Oil and Fats Market

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Company Profiles

12.1 Bunge Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Archer-Daniels-Midland Co
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Fuji Oil Co Ltd
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Kao Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 AAK AB
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 J-Oil Mills Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Cargill Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Olam Group Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 ConnOils LLC
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Louis Dreyfus Co BV
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix