cooking oils & fats are an essential part of the modern diet. These oils & fats play a role as an energy source and offer a diet with various beneficial micronutrients. Oils and fats are used in cooking to improve taste and give good texture. The demand for cooking oils and fats is attributed to the growing demand for fried and processed food, a growing number of restaurants and fast-food joints, urbanization and increasing population. The inclination towards healthy products due to a change in societal attitudes of consumers is likely to induce the demand for healthy cooking oils.According to AMA, the market for Cooking Oils and Fats is expected to register a CAGR of 4.5% during the forecast period to 2024. This growth is primarily driven by The Growth in the Consumption of Cooking Oils and Fats in Households Globally, Increase in Usage and Consumption of High-Quality Edible Oils/Cooking Oils and Growing Consumption of Bakery & Confectionery and Processed Foods.
Globally, a noticeable market trend is evident Increasing Demand for Biodiesel
. Major Vendors, such as Cargill, Inc. (United States), International Foodstuff Company Limited (United Arab Emirates), Wilmar International Limited (Singapore), Unilever PLC (United Kingdom), Archer Daniels Midland Company (United States), Bunge Limited (United States), Associated British Foods PLC (United Kingdom), Ajinomoto Co. Inc. (Japan), ConAgra Foods Inc. (United States) and United Plantations Berhad (Malaysia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In August 2018, Archer Daniels Midland Company purchased certain assets of Brazil-based Algar Agro, including oilseeds processing facilities in Uberlândia in the state of Minas Gerais and Porto Franco in Maranhão. This will enhance the company’s position in important Brazilian bottled oil markets.
Animal fats and vegetable oils are regulated under 40 CFR 112, which has identical requirements for petroleum and non-petroleum oils. Petroleum oils, vegetable oils, and animal fats share common physical properties and produce similar environmental effects. The revision clarifies that the rule applies to facilities that handle, store, or transport mainly animal fats and vegetable oils.
- The Growth in the Consumption of Cooking Oils and Fats in Households Globally
- Increase in Usage and Consumption of High-Quality Edible Oils/Cooking Oils
- Growing Consumption of Bakery & Confectionery and Processed Foods
- Increasing Demand for Biodiesel
- Changing Lifestyles of Consumers Combined with Increasing Per Capita Disposable Income
- Health Concerns Related to Excessive Consumption of Fats and Oils
- Legislations Related to Labeling of Fats & Oil Products and Its Safety Issues
Growing Demand from Health-Conscious Population and Rapid Growth in Raw Material Cultivation and Production
High Capital Investments in Extraction
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase