Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 102.37 Billion |
| USD 190.88 Billion | |
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Global Edible Oils Market, By Type (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), Nature (Organic, Conventional), Distribution Channel (Direct and Indirect), End-User (Domestics, Industrial, Food Service and Others) – Industry Trends and Forecast to 2030.
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Growing demand for organic edible oil and rapid growth and expansion in the food sector is expected to enhance the growth of the edible oil market. Also, the emerging application of corn oil in industries is projected to provide immense market opportunities in the upcoming period. Canola oil is a healthier and cheaper alternative to olive oil because of its lowest fat content, around 6 percent among all other type of edible oils. As a result of various benefits of edible oil, an increase in the demand for this oil ultimately drives the market growth.
Data Bridge Market Research analyses that the edible oils market is expected to reach USD 190.88 billion by 2030, which is USD 102.37 billion in 2022, registering a CAGR of 8.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2014-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (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), Nature (Organic, Conventional), Distribution Channel (Direct and Indirect), End-User (Domestics, Industrial, Food Service and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Bunge Limited (U.S.), ADM (U.S.), Cargill, Incorporated (US), 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), and Sunora Foods (Canada)
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Market Opportunities
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Market Definition
Edible oil is also a cooking oil that is obtained from the fat of animals, plants or microorganisms. Edible oils are liquid and safe to consume at room temperature. Among the many edible oils are sunflower, rice brown, ghee, olive, mustard, and groundnut. Edible oils comprise trace amounts of antioxidants, which helps prevent autoxidation. Antioxidants are also used to increase the shelf life of edible oils.
Drivers
Increasing demand for edible oil due to its unique applications
The demand for palm oil is increasing nowadays due to its unique applications, such as smooth and creamy texture, great cooking properties, and absence of smell which is expected to drive the growth rate of the market. As per the report by ‘The Conversation’, which has Published in 2021, The world uses palm oil more than any other vegetable oil that’s because it is cheap than other oil. The African oil palm can form ten times more palm oil per hectare than soybean oil.
Growth and expansion of fast food, increasing the demand for edible oils
The changing lifestyle, increasing numbers of working women and food taste are some of the major factors increasing the demand for fast food all around the globe. The main aim of fast food is to satisfy customers by giving fast service. They are prepared and served using energy-saving cooking methods, increasing palatability owing to crust creation, fat absorption, and pleasant flavors and smells. Frying is one of the common methods for preparing fast foods all around the world. Oil such as edible oil is used for frying food because it has a proper chemical composition, resulting in delicious food. And hence, it increases the demand for edible oil and is expected to drive market growth.
Opportunities
Growing health concerns among consumers
Nowadays, consumers are highly conscious of their health. As a result, they are using organic products such as edible oil concerns which is expected to create numerous opportunities for market growth. Growing demand for edible oils with low cholesterol, calories and fat content is propelling the market growth. This is attributed to the increasing prevalence of several lifestyle disorders, such as cardiovascular disease, diabetes and obesity. Thus, the increasing demand for products such as edible oil due to health concerns is projected to foster market growth in the upcoming period.
Increasing capacity expansion of edible oil by key manufacturers
Capacity expansion by major manufacturers to deal with the increasing demand for edible oil all around the globe is one of the major emerging trends in the global market. For instance, Emami Agrotech plans to invest around Rs 700 cr capex to develop edible oil capacity in August 2019. The company's edible oil capacity would be 10,000 from 6000 tons per day after the capacity expansion. Thus, the growing capacity expansion of edible oil by the manufacturer will create lucrative opportunities for market growth over the forecast period.
Restraints/ Challenges
Increasing adoption of new guidelines and high costs associated with market
Developing consumer preference in choosing edible oils has forced the major companies to opt for competitive positioning to sustain themselves in the edible oils market. Furthermore, this also leads to severe price impacts. This factor is anticipated to hamper the growth of the market. Also, increasing additions and changes to food safety policies across several countries compel producers to adopt these changes in manufacturing processes to remain compliant with new food safety guidelines. This may lead to several complications in the manufacturing process and can surge the overall cost, thus hampering the market growth.
This edible oils market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the edible oils market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
The edible oils market is segmented on the basis of type, nature, package type, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Nature
Package Type
Distribution Channel
End-User
The edible oils market is analyzed, and market size insights and trends are provided by country, type, nature, package type, distribution channel and end-user, as referenced above.
The countries covered in the edible oils market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the edible oils market in terms of revenue and market share 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 worldwide.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The edible oils market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to edible oils market.
Some of the major players operating in the edible oils market are:
SKU-
| 1.INTRODUCTION |
2 MARKET OVERVIEW
3 INTERNATIONAL MARKET PRICES DYNAMICS
3.1 CURRENT PRICE TRENDS
3.2 MAJOR INFLUENCING FACTORS
3.3 TOP PRODUCING & EXPORTING COUNTRIES
3.4 TOP IMPORTING COUNTRIES
4 REFINED PALM OLEIN
4.1 CURRENT PRICE TRENDS
4.2 MAJOR INFLUENCING FACTORS
4.3 TOP PRODUCING & EXPORTING COUNTRIES
4.4 TOP IMPORTING COUNTRIES
5 PRICE COMPARISON AND HISTORICAL TRENDS
5.1 GLOBAL PRICE COMPARISON AND HISTORICAL TRENDS
Product 2012
Crude Palm Oil (CPO) XX
Refined Palm Olein XX
5.2 CRUDE PALM OIL (CPO) PRICE COMPARISON AND HISTORICAL TRENDS, REGION WISE
Region 2012
North America XX
Europe XX
Asia-Pacific XX
South America XX
Middle east and Africa XX
5.3 REFINED PALM OLEIN PRICE COMPARISON AND HISTORICAL TRENDS,REGION WISE
Region 2012
North America XX
Europe XX
Asia-Pacific XX
South America XX
Middle east and Africa XX
6 CONCLUSION & KEY TAKEAWAYS
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Edible Oils Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Edible Oils Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.