Edible Oils & Fats Market Size 2027 Demand, Global Trend, News, Business Growth

 Market Overview

Market Research Future (MRFR) studied the edible oils and fats market 2021 over the analysis period till 2023. As per MRFR study, the edible oils and fats market is expected expand at 4.29 % CAGR over the evaluation tenure. By 2023, the global edible oil and fat market value can touch, USD 153.11 Bn.

The increase in consumption of edible fats and oils by the food and beverage industry for the preparation of refined and snack foods, and bakery and confectionaries and the surge in the demand for bakery and related food products can support the growth of the edible oil market in the analysis period. The increase in the demand for edible oils and fats in HoReCa sector is likely to add to the market expansion. The growing preference for fried goods, bread, and cookies that are textured with edible oils is also expected to prompt the edible oil and fat market in the review period.



Segmental Assessment

The segment study of the edible oils and fats market is based on type, application, and source.

The type-based segments of the study of the global market of edible oils and fats are oils and fats. The oil segment is likely to secure the largest share of the edible oil and fat market over the fat segment. However, the fat segment is expected to garner a decent revenue for the global market in the analysis term. The utility of edible oils in different stages of cooking, such as frying and sautéing, can contribute to the growth of the edible oil market over the assessment period. The growing demand for edible oil as key source of several nutritional components, such as; vitamin E, magnesium, selenium, and phytosterols, can prompt the expansion of the global market.

The source-based segments of the global edible oil and fat market are animal and plant. The growing preference for edible oils extracted from vegetable in the preparation of cuisines can support the edible oil and fats market in the evaluation tenure. The surge in demand for plant-based products can contribute to the rapid growth of the plant source segment. MRFR data suggests that the plant segment can rise at 4.21 % CAGR over the forecast term.

The application-based segments of the edible oil and fats market are Bakery & Confectionery, Spreads and Dressings Convenience Foods, Sauces, and HORECA among others. The HoReCa segment is expected to register decent share of the edible oil market. The segment of bakery and confectionary is expected to rise at 4.16 % CAGR in the assessment period. The surge in the adoption of edible oils and fats by food-chain franchises, cafes, hotels, and restaurants, can support the market growth in the review period.

Regional Analysis

MRFR regional data suggest that North America edible oils and fat market can value USD 31.20 Bn by 2023. The market in EU can exhibit 4.06% CAGR in the review tenure and APAC edible oil and fat market can surge at 4.81% CAGR by 2023. The presence several oil and fat producers in the regions and the increase in their adoption by restaurants and hotels can promote the market rise.

Competitive Landscape

Cargill, Incorporated (US), Archer Daniels Midland Company (US), Bunge Limited (US), Wilmar International Ltd. (Singapore), James Richardson & Sons, Limited (Canada), Associated British Foods PLC (UK), AAK AB (Sweden), Conagra Brands, Inc. (US), United Plantations Berhad (Malaysia), and IFFCO (UAE) are some key companies in the edible oils and fats market that are listed by MRFR in the recent report.

 

Comments

Post a Comment

Popular posts from this blog

Government Initiatives To Boost Various Moves Of Essential oil & Aromatherapy Market

Image
Market Overview : The essential oil and aromatherapy market size is set to have steady growth in the coming years. As per the market research report by industry experts, the global market for essential oils and aromatherapy will grow throughout the forecast period till 2023. The report provides an in-depth analysis of different market segments for new entrants and established businesses to make smart decisions backed by concrete information and data. The market research report includes key information about companies, their business practices, revenue, size, and also provides essential oil and aromatherapy market predictions by expert analysts. Segmentation For manufacturers, wholesalers, retailers, importers, and traders, the report provides essential oil and aromatherapy market segmentation analysis based on four key areas. The report further digs deeper into each of the sub-segments under these categories to provide better and a clear understanding of market trends to businesse
Read more

Organic Soymeal Market Showing Prominent Growth In Present Year

Image
  As per Market Research Future (MRFR) analysis, the   organic soymeal market size   has witnessed increased demand over the last few years and is expected to cross USD 623.31 million by CAGR of 17.98% from 2017 to 2022 (forecast period). High nutritional value of organic soymeal and major protein supplement applications due to high protein content are likely to drive the global organic soymeal market over the forecast period. Market Dynamics The main drivers that affect demand for organic soybean on the global market are the growth of the organic food and feed industry. Increasing consumer perception of health benefits of organic foods as consumers strive for natural products with less chemicals and additives are key factors driving demand for organic soybean food products. The demand for organic soya bean is also expected to increase in the feed industry due to the growing demand for organic chicken, as the market for organic soya bean is rising among feed manufacturers. Moreover, th
Read more

Flavor Enhancer Market Details: SWOT Analysis, New Project Investment Feasibility

Image
  Market Scope The new report from Market Research Future (MRFR) presents a detailed analysis of the  flavor enhancer market  by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global flavor enhancer market are assessed in detail in the report. Market Segmentation Type, ingredients, form and application are the key market segments highlighted in the MRFR study. The types of flavor enhancers available in the market are natural as well as artificial. Natural flavor enhancers have gained the top spot and more preferred compared to artificial ones, since the latter induces side effects on its consumption. The different ingredients in the global market are acidulant, glutamate, hydrolyzed vegetable proteins, yeast extract, and others. The market for glutamate is the biggest while the yeast extract market can also witness significant growth over the conjectured timeline. Flavor enhances come in different
Read more