Global Plant-Based Oils Market, By Source Outlook (Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil, Coconut Oil, Cottonseed Oil and Others), Application (Food, Industrial and Animal Feeds), Packaging (PET Bottles, HDPE Cans, Tin-Plate Containers, Tetra packs, Flexible Plastic Pouches and Glass Bottles), End User (Food Processing Industry, Food Services Industry, Pharmaceutical Industry, Cosmetic Industry and Others), Distribution Channel (Online and Offline), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Turkey, Netherlands, Russia, Poland, Denmark, Sweden, Romania, Belgium, Rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Peru, Colombia, Rest of South America, South Africa, Saudi Arabia, U.A.E., Kuwait, Qatar, Ethiopia, Israel, Azerbaijan and Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Plant-Based Oils Market
Plant-based oils market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the plant-based oils market to grow at a CAGR of 5.20% in the above-mentioned forecast period. Rapid growth of the food processing industry and increasing penetration of alternate fuel sources like biodiesel has been directly impacting the growth of plant-based oils market.
Plant based oils are lipid materials derived from plants and vegetables. Chemically these are composed of triglycerides. Although various plant parts may yield oil, for commercial practices, vegetable oil is essentially derived from the seeds. Contrasting to popular belief, all vegetable oils are not edible. These inedible oils are used in lubricants, paints, cosmetics, pharmaceuticals, and other industrial applications.
Increasing awareness about need for biofuel, convenience foods processed and other food sectors, and the increasing consumption of plant based oils is the main driving factor for the plant-based oils market. Natural ingredients in food and the repulsion towards high trans-fat containing oils adds to the demand for palm and palm kernel oils which is also a driver for the plant-based oils market. Rising prevalence of cardiovascular diseases and increasing health awareness is an opportunity for the plant-based oils market.
High prices of the prime sources of plant based oils is a challenge for the growth of plant-based oils market. However, fluctuating prices of raw materials and changing climatic conditions is the main restraint for plant-based oils market during the forecast period of 2021-2028.
This plant-based oils market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 Data Bridge Market Research plant-based oils market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Plant-Based Oils Market Scope and Market Size
Plant-based oils market is segmented on the basis of source outlook, application, packaging, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Plant-based oils market has been segmented based on source outlook, into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, coconut oil, cottonseed oil and others.
- Based on application, the plant-based oils market is segmented into food, industrial and animal feeds.
- Based on packaging, the plant-based oils market is segmented into PET bottles, HDPE cans, tin-plate containers, tetra packs, flexible plastic pouches and glass bottles.
- Based on end user, the plant-based oils market is segmented into food processing industry, food services industry, pharmaceutical industry, cosmetic industry and others.
- Based on distribution channel, the plant-based oils market is segmented into online and offline.
Plant-Based Oils Market Country Level Analysis
Plant-based oils market is analysed and market size insights and trends are provided by country, source outlook, application, packaging, end user and distribution channel as referenced above.
The countries covered in the plant-based oils market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the plant-based oils market due to majority of the market share, since big and prominent market players are located in the region. The continuous market demand from the food and beverage consumer for premium and fortified products is resulting in the market occupancy, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to increasing impact for demand of a substitute for the fossil fuel, biofuel generation coupled with biodiesel feedstock requirement are expected to take the front seat in the application segments. Changing lifestyles and growing economies is boosting the need for convenience food sector, and in turn the demand for plant-based oils.
The country section of the plant-based oils market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant-Based Oils Market Share Analysis
Plant-based oils market competitive landscape provides details by competitor. 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 plant-based oils market.
The major players covered in the plant-based oils market report are ACH Food Companies, Inc., ADM, Bunge Alimentos S.A., Carapelli Firenze S.p.A., Cargill Agricola S.A., CHS Inc., ConAgra Foods Inc., FUJI OIL CO., LTD., Kuala Lumpur Kepong Berhad, PT Intiboga Sejhatera, Richardson International Limited., Viterra, Riceland Foods., Ag Processing Inc a cooperative, Westmill Foods, Wilmar International Ltd, Kerry Inc., Olam International, DuPont, Dohler GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.