Edible Oil Market Growth Driven by Mounting Demand for Palm Oil
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.
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.
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.
Oil Market: Disruptive Trends and Growth Drivers
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.
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.
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.
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.
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.
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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Oil Co-Products and By-Products Market
Seed Oil Market
can you expect from the report?
The edible oil market is prepared with the main agenda to cover the following 20 points:
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
Does IndustryARC provide customized reports and charge additionally for limited
: 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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