The major improvements in crop production, extraction of oil, expanding retail sector, and growing APAC economies are driving the growth of the global edible oil market. As per the findings of a newly published market research report by IndustryARC, the global edible oil market size stood at $90.1 billion in 2018. Additionally, the demand is projected to propel at a compound annual growth rate (CAGR) of 6.0% during the forecast period of 2019 to 2025.

The report, titled “Edible Oil Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast (2019 – 2025),” documents that the edible oil market is anticipated to grow in coming years due to the increasing popularity of organic, crude, healthy, and natural vegetable oils. The major improvements in crop production, extraction of oil, retail sector, and growing economies are driving the growth of the global edible oil market. However, most of the countries have their own standards set in order to avoid adulteration with less expensive materials.

Global Edible Oil Market: Leading Segments

APAC is the key region which is primed for growth and accounted for the largest share of 40% as of 2018 in the edible oil market. The major companies are targeting the region in order to tap into increasing disposable income of expanding urban population. Due to the robust economy in APAC, the imports of oil and fats have been significantly growing. Additionally, it has been observed that there is increasing consumption of palm, soybean, and rapeseed oil in countries such as China, India, and Indonesia because it is one of the low-cost forms of vegetable oil which is propelling the growth of edible oil market. APAC is holding on to the top position for importing Malaysian palm oil with 2,625,779 MT in 2018.[1]   

On the other hand, the analyst of the report has identified that vegetable oils which is among the most trending segment of edible oil in the market with growing demand at a CAGR of 7.6% during the aforementioned forecast period. Growing demand for vegetable oils in cooking is increasing the purchase of oils by households, which in turn benefits the retailers. Additionally, adoption of enhanced techniques for processing the edible oil with purity will increase the demand for healthier oils in the upcoming years.

Global Edible Oil Market: Disruptive Trends and Growth Drivers

·         Packaging Innovations in Edible Oil

The aerosol packaging coupled with edible oil packaging provides oxygen reduction in the package head-space and light exposure which are the key aspects in off-flavor development and lowering lipid oxidation, which keeps quality of oils enhanced and caters the edible oil market.

·         Microwave-assisted extraction (MAE)

MAE is an effective oil extraction method with rapid heating in a shorter time. This method enhances the extraction of high-quality oil and consumes less energy, which results in a significant reduction on environmental effect and costs.

·         Strong Supply Chain of Edible Oil

The demand for vegetable oil has increased in the developing economies due to a rapidly growing population, rise in household and disposable income, and surging retail sector. The retail segment is driving the sales of edible oil due to the strong and established supply chain.

·         Healthy Living through Edible Oil

Due to growing concerns about ready health and fitness, people have become more conscious about the products that they use. Their preference towards olive oil is increasing the demand for the edible oil market. Olive oil is considered as a healthier eating trend.

·         Clean Label Trend

Nowadays, the consumers have become more particular and alert about checking the label before purchasing any product. They prefer plant based oils over any other oil, and clean labels makes it easier for them to go through and understand the existing ingredients of it.

Global Edible Oil Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global edible oil market are Fuji Vegetable Oil, Inc., Adams Group, American Vegetable Oils, Inc., Olympic Oils Limited, Beidahuang Group, Bunge Limited, Borges Mediterranean Group, Cargill Inc, The Adani Wilmar Ltd., Ruchi Soya Industries Ltd, Associated British Foods (Ach), and Archer Daniels Midland Company.

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What can you expect from the report?

The edible oil market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.