The blending of edible oil combines the strength of two edible oils and provides a balance of fatty acids. Numerous cooking preparations existing across diverse ethnicities and areas subject oil to different cooking temperatures thus causing deterioration of the oil because of the oxidative stress. For preventing the oxidative damage of unsaturated fatty acid, a mixture of rice bran oil (RBO) and safflower oil (SO) (70:30) with an antioxidant technology was considered. A controlled trial was supported to calculate the efficiency of the blend on different biomarkers comprising lipid parameters and some vital inflammatory markers which have the strength to lead to various lifestyle diseases.
According to Data Bridge Market Research the Edible Oils Market accounted for USD 102.37 million in 2022, and expected to reach USD 190.88 million by 2030. The market is expected to grow with a CAGR of 8.10 % in the forecast period of 2023 to 2030.
“Growth and expansion of fast food increasing the demand for edible oils”
The varying lifestyle, growing numbers of working women, and food taste are the major factors growing the demand for fast food globally which further increases the demand for edible oils. The foremost goal of fast food is to satisfy customers by providing fast service. They are prepared and served by the usage of energy-saving cooking methods, growing palatability due to crust creation, fat absorption, and enjoyable flavours and smells. Oil such as edible oil is used to fry food due to its proper chemical composition, which provides delicious food. Therefore, it increases the demand for edible oil contributing to the market’s growth.
What restraints the growth of the edible oils market?
“Increasing adoption of new guidelines”
Developing consumer inclination for choosing edible oils has forced the major companies to opt for competitive positioning for sustaining in the edible oils market. In addition, this is leading to severe price impacts. This factor is expected to obstruct the growth of the market. Also, growing additions and fluctuations in food safety policies across numerous countries captivating producers to adopt these variations in manufacturing processes to remain submissive to new food safety guidelines. This may lead to numerous problems in the manufacturing procedure and can increase the overall cost, thus hampering the market’s growth.
Segmentation: Global Edible Oils Market
The edible oils market is segmented on the basis of type, nature, package type, distribution channel, and end-user.
- On the basis of type, the edible oils market is segmented into palm oil soybean oil, rapeseed oil, sunflower oil, peanut oil, specialty blended oil, olive oil, corn oil, flaxseed oil, avocado oil, edible oil, pumpkin seed oil, grape seed oil and others.
- On the basis of nature, the edible oils market is segmented into organic, conventional.
- On the basis of package type, the edible oils market is segmented into tinplate containers, high-density polyethylene (hdpe) containers, poly vinyl chloride (pvc) bottles, polyethylene terephthalate (pet) bottles, glass bottles, semi–rigid containers, flexible plastic pouches, others.
- On the basis of distribution channel, the edible oils market is segmented into direct, indirect.
- On the basis of end-user, the edible oils market is segmented into domestics, industrial, food service, others.
Regional Insights: North America dominates the Edible Oils Market
North America dominates the market due to the growing adoption of edible oil in the beauty and cosmetic product industry in this region. Furthermore, the presence of major market players in edible oils in the U.S. and Canada will further boost the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to growing health concerns among consumers as a nutritional supplement in developed countries of this region. Moreover, China is one of the leading consumers of edible oil all over the world.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-edible-oils-market
Recent Developments in Edible Oils Market
- In 2021, Department of Agriculture in India, organized a campaign to introduce oil seed in almost all districts of Kashmir division due to the heavy dependence on imports for the edible oils.
- In 2021, India Plans to significantly increase its palm oil production in the northeast of the country to reduce its dependency of India on the other countries for palm oil. The government is investing around US$ 1.5 Billion over the next few years to develop palm oil plantation by 6500 square kilometers across the nation.
- In 2020, Amul forayed into the edible oils category in Rajasthan and Gujarat, after Indian Prime Minister’s call for self-reliant India or Atma Nirbhar Bharat. With the introduction of Janmay range of edible oils, the companies try to reduce India’s edible oil dependency on other countries while also helping local farmers.
The Prominent Key Players Operating in the Edible Oils Market Include:
- Bunge Limited (U.S.)
- ADM (U.S.)
- Cargill, Incorporated (U.S.)
- ACH Food Companies, Inc. (U.S.)
- Adani Group (India)
- SALAD OILS INTERNATIONAL CORPORATION (U.S.)
- American Vegetable Oils, Inc. (U.S.)
- BORGES INTERNATIONAL GROUP, S.L. (Spain)
- Hebany Group (U.A.E.)
- NGO CHEW HONG EDIBLE OIL PTE LTD (Singapore)
- TITAN OILS Inc., (Canada)
- Ragasa - Derechos Reservados (Mexico)
- SOVENA (Thailand)
- Sunora Foods (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of edible oils market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Edible Oils Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
