Adani Group, Bunge North America, Inc. (Bunge Limited), Ruchi Soya Industries Ltd.are Dominating the Asia-Pacific Edible Oil Market in 2019

Asia-Pacific Edible Oil Market is expected to grow with the CAGR of 7.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Asia-Pacific edible oil market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in Asia-Pacific edible oil market are introducing strong range of product portfolio. This helped the company to maximize the sales with enhanced product portfolio.

For instance,

  • In August 2019, SOVENA’s olive oil brand announced to expand its presence in supermarket aisles. Earlier it was available with three main Spanish retailers which included El Corte Inglés, Carrefour, and Condis. This has helped the company to increase its revenue by reaching better to the consumers through supermarket.

Adani Group is dominating players in the edible oil market, the other key players existing in the market are Bunge North America, Inc. (Bunge Limited)., SOVENA, Hebany Group, Ruchi Soya Industries Ltd., ADM, Olympic Oils Ltd., NGO CHEW HONG EDIBLE OIL PTE LTD (a subsidiary of Mewah Group), AJANTA SOYA LIMITED, and Cargill, Incorporated among others.

Asia-Pacific Edible Oil MarketAdani Group

Adani Group headquartered in Gujarat, India and was founded in 1998. The company focuses on becoming a leader in business that enrich lives and contribute to nations in building infrastructure through sustainable value creation. The company offers its product in several business categories such as renewable power generation, solar manufacturing, ports and terminals, logistics, agri logistics, industrial land, power transmission, power distribution, gas distribution, defence and aerospace, edible oil and food products, fruits, real estate, financial services, housing finance, airports, water, road, metro and rail, data center, thermal power generation and natural resources among which edible oil and food products is the market focused category. The company has presence in India, Australia, and Indonesia.

  • In April 2020, Adani Group’s subsidiary Adani Wilmar partnered with Swiggy, based in India for delivery of food products including oil products to customers due to the national lockdown because of COVID-19 pandemic. This partnership has helped the company to reach its customer base to offer its products and earn revenue.

Bunge North America, Inc. (Bunge Limited)

Bunge North America, Inc. (Bunge Limited) headquartered in Missouri, U.S. founded in 1923. The company focuses on growing its business by expanding into refining edible oils, oilseed processing, milling corn, rice and wheat and others. The business segments of the company include agribusiness, edible oil products, milling products, sugar & bioenergy and fertilizer. The company has product categories such as Ag commodities, food and ingredients, animal feed ingredients, Mexico brands, bioenergy and industrial products and services among which Ag commodities is focused category. The company has various subsidiaries such as Bunge Milling, Inc. (U.S.), Bunge Oils, Inc. (U.S.), Bunge Oilseed Processing (U.S.), Minsa Corporation (U.S.) and Whole Harvest Foods, LLC (U.S.) among other. The company has its presence in North America, Asia-Pacific.

  • In August 2019, Bunge North America, Inc. (Bunge Limited) its global headquarters from White Plains, New York, to the St. Louis, MO metropolitan area based in the U.S. This business expansion has helped the company to leverage the shared capabilities and enhance the collaboration.

Ruchi Soya Industries Ltd.

Ruchi Soya Industries Ltd., headquartered in Madhya Pradesh, India, founded in 1986. The company focuses on the manufacturing and marketing of healthier edible oils, soya food Vanaspati and bakery fats and premium table spread. The company deals in product categories such as cooking oils, nutritional soya foods, vanaspati and bakery fats out of which cooking oils is market focussed category. The company has its presence in India.

  • In May 2010, Ruchi Soya Industries Ltd. acquired PALM TECH which is a largest palm oil unit based in India. This acquisition has helped the company to expand its palm oil production and also increased its processing capabilities.