Scope of the Study
Vegetable fat is those type of fat which originates from plant-based sources. Various benefits of vegetable fat in food industry such as improves cholesterol level helps in improving metabolism, promote cell growth, decrease in risk for heart disease, among others. Rising population in developing countries such as China & India and growing disposal income among middle-class families are likely to be a major driver for the global vegetable fat market over the forecast period.
The market study is being classified, by Application (Bakery, Confectionery, Snacks & Savory, RTE/Convenience Food, Sauces and Spreads & Dressings) and major geographies with country level break-up. According to AMA, the Global Vegetable Fat market is expected to see growth rate of 3.3%
Crisco (United States), Bunge Limited (United States), The Archer Daniels Midland (United States), Cargill (United States), Olenex (Switzerland), Zeelandia (India), The J.M. Smucker Company (United States), Wilmar International Ltd. (Singapore), Unilever Group (United Kingdom) and ConAgra Foods, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are J- Oil Mills Inc. (Japan), Nestle SA (Switzerland), Ajinomoto Co., Inc. (Japan) and AAK AB (Sweden.
The vegetable fat market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the vegetable fat market are Crisco (United States), Bunge Limited (United States), The Archer Daniels Midland (United States), among others.The Vendors having a strong hold in the market are IFFCO, Archer Daniels Midland Company, Conagra Foods and Unilever PLC. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vegetable Fat market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Vegetable Fat market by Type, Application and Region.
On the basis of geography, the market of Vegetable Fat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Type, the sub-segment i.e. Saturated will boost the Vegetable Fat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industrial, the sub-segment i.e. Biodiesel will boost the Vegetable Fat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Soybean will boost the Vegetable Fat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Disposal Income among Middle-Class Families and Increasing Demand for Various Food Products
- Increasing Usage of Vegetable Oil in Various Application such as Bakery, Confectionery, among others
- Changing Consumer Preference regarding Food Habit and Rising Demand for High-Quality Oils & Fats
- Stringent Regulation regarding Ingredient for Manufactures Vegetable Fat Product
- Growing Demand from Emerging Market such as China, India, Brazil, Philippines, among others
- Issue related to Side-Effects as well as Allergies of Vegetable Oil
Market Leaders and their expansionary development strategies
In June 2018, the Archer Daniels Midland (United States) Company has agreed to acquire the Probiotics International (United Kingdom), which manufactures vegetable fat products. Therefore, this acquisition will strengthen the company presence in the vegetable fat industry across the globe.
Key Target AudienceManufacturers of Vegetable Fat, Suppliers of Vegetable Fat, Wholesalers, Distributors, and Retailers of Vegetable Fat, Governmental Bodies and Research Firms
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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