Cooking Oil Market - Forecast(2021 - 2026)

Report Code: FBR 90138 Report Format: PDF + Excel (Delivery in 48 Hrs)

Cooking Oil Market Overview

The Cooking Oil Market size is estimated to reach $8.1Bn by 2026, growing at a CAGR of 5.7% during the forecast period 2021-2026. Cooking oil is basically derived primarily from plant that is used in baking frying and other type of cooking. It can also be in flavorings that does not involve heating directly such as for dressing etc. On an average, a bottle of cooking oil contains vegetable oil, with no additives, preservatives, or special flavorings. Increase in the consumption of high-quality edible oils/cooking oils, primarily among the health-conscious consumers are some of the factors driving market growth during the forecast period 2021-2026.

Cooking Oil Market Report Coverage

The report: “Cooking Oil Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Cooking Oil Market. 
By Type: Palm Oil, Soybean Oil, Rapeseed Oil (Canola), Sunflower Oil and, Other Types.
By Distribution Type: Supermarkets/Hypermarkets, Online Channels, convenience Stores, and Other Distribution Channels.
By Geography: North America, Asia-Pacific, Europe, and Rest of the World.

Key Takeaways

  • Geographically, The Asia Pacific region held the highest market share in 2020. This is owing to huge demand from the food sector, an increase in the number of health-conscious consumers, growing population, and changing living standards. 
  • The factors such as There is a strong demand for palm oil from different end-user sectors around the world, costing 20% less than other cooking oils, leading to market growth during the forecast period 2021-2026.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Cooking Oil Market.

Cooking Oil Market Segment Analysis - By Type

Based on Type, Cooking Oil Market is segmented into Palm Oil, Soybean Oil, Rapeseed Oil (Canola), Sunflower Oil and, Other Types. The Palm Oil holds the largest share in terms of revenue in 2020. This is owing to the rising demand for palm oil from various end-user sectors across the world, since it costs 20% less than most cooking oils. However, The Soybean Oil is set to be the fastest growing CAGR 6.34% during the forecast period 2021-2026. This is owing to its nutritional benefits and its use as an alternative to cooking oils globally. As Compared to other vegetable oils, soya oil has a strong blending capability, making it the first option for the general food owners and consumers.

Cooking Oil Market Segment Analysis - By Distribution Type

Based on Distribution type, cooking oil market is segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Other Distribution Channels. The Convenience Stores segment held the largest share in 2020. This is owing to the increase in spending is that many customers are trying to avoid busy supermarkets and are less inclined to shop around and risk exposure to the virus. As a result, some consumers have decided that stocking up on pantry staples and hygiene products in their local convenience stores is a safe option. However, The Online Channels segment is set to be the fastest growing CAGR during the forecast period 2021-2026. This is owing to a rise in customer preferences for online platforms. Online networks now play an increasingly important role, as people stay out of touch and spend more time online channels. To minimize crowds in supermarkets, many people prefer BOPIS (purchase-on-line pick-up-in-store) or delivery options and is set to fuel the segment growth during the forecast period 2021-2026.

Cooking Oil Market Segment Analysis - By Geography

Based on Geography, The Cooking Oil Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific region dominated the Cooking Oil Market in 2020 with a share of 34.6%. This is owing to the during this outbreak of corona virus disease (COVID-19) and consequent lockdowns, consumer health issues lead to the use of fish oil as a dietary supplement in developed countries such as Japan and Australia. Olive oil, in particular, has the highest rate of growth owing to its health benefits in the region. However, Europe is set to be the fastest growing CAGR during the forecast period 2021-2026. This is owing to the demand for organic health products; the increased consumption of high-quality edible oils/cooking oils by health-conscious consumers and the rising demand from different application areas. 

Cooking Oil Market Drivers

Increased Demand for Palm Oil in Developed Countries

Palm oil is one of the most widely used vegetable oils in the world. Key consumers of palm oil include China, India, Indonesia and the European Union. India, China and the European Union do not produce crude palm oil and imports completely meet their demand. There is a huge market for palm oil from different end-user sectors around the world as it costs 20% less than other vegetable oils and is very versatile. In the last few years, palm oil production has increased dramatically, with almost all production growth decided in Malaysia and Indonesia. Demand for biofuel has risen in most of the developed regions, increasing the demand for palm oil.

Cooking Oil Market Challenges

The challenges faced by the cooking oil industry owing to the outbreak of the corona virus disease (COVID-19) and the consequent lockdowns situations the production and refining of UCO restricts the growth of the business. Presenting large levels of excessive fatty acids and water is considered to be impurities that must be removed before transesterification. This is the most critical form of manufacturing. The high level of free acids reacts with alkaline catalysts which are responsible for the reaction resulting in low-quality biodiesel yields. 

Cooking Oil Market Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Cooking Oil Market. Key companies of this market are Ventura Foods, Conagra Brands Inc., The JM Smucker Company, ACH Food Companies Inc, Richardson International Limited, COFCO, Adani Wilmar Limited, Golden Agri-Resources Ltd, Bunge Limited, and Louis Dreyfus Company B.V among others.

Developments: 

  • In December 2018, Conagra Brands announced that it has entered into a definitive agreement with Richardson International to divest the Wesson oil brand. The transaction is subject to customary closing conditions, including the receipt of any applicable regulatory approvals.
  • In November 2016, Agri commodities trader Cofco Agri Ltd launched refined soybean oil under the brand name Nutripride.

1. Cooking Oil Market - Overview
        1.1 Definitions and Scope
2. Cooking Oil Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Cooking Oil Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Cooking Oil Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Cooking Oil Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Cooking Oil Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Cooking Oil Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Cooking Oil Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Cooking Oil Market - By Type(Market Size -$Million / $Billion)
        9.1 MARKET SEGMENTATION
            9.1.1 By Type
                 9.1.1.1 Palm Oil
                 9.1.1.2 Soybean Oil
                 9.1.1.3 Rapeseed Oil
                 9.1.1.4 Sunflower Oil
                 9.1.1.5 Other Types
            9.1.2 By Distribution Channel
                 9.1.2.1 Supermarkets/Hypermarkets
                 9.1.2.2 Online Channels
                 9.1.2.3 Convenient Stores
                 9.1.2.4 Other Distribution Channels
        9.2 COMPETITIVE LANDSCAPE
            9.2.1 Most Active Companies
            9.2.2 Most Adopted Strategies
10. Cooking Oil - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Cooking Oil- By Geography (Market Size -$Million / $Billion)
        11.1 Cooking Oil Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Cooking Oil- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Cooking Oil- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Cooking Oil - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Cooking Oil - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Cooking Oil Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Cooking Oil Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Cooking Oil Market - Key Company List by Country Premium
15. Cooking Oil Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Company 2
        15.3 Company 3 & More
*Financials would be provided on a best efforts basis for private companies
16. Cooking Oil Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Cooking Oil Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Palm Oil Market 2019-2024 ($M)
1.1.2 Soybean Oil Market 2019-2024 ($M)
1.1.3 Rapeseed Oil Market 2019-2024 ($M)
1.1.4 Sunflower Oil Market 2019-2024 ($M)
1.2 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
1.2.2 Online Channels Market 2019-2024 ($M)
1.2.3 Convenient Stores Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Palm Oil Market 2019-2024 (Volume/Units)
3.1.2 Soybean Oil Market 2019-2024 (Volume/Units)
3.1.3 Rapeseed Oil Market 2019-2024 (Volume/Units)
3.1.4 Sunflower Oil Market 2019-2024 (Volume/Units)
3.2 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Supermarkets/Hypermarkets Market 2019-2024 (Volume/Units)
3.2.2 Online Channels Market 2019-2024 (Volume/Units)
3.2.3 Convenient Stores Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Palm Oil Market 2019-2024 ($M)
5.1.2 Soybean Oil Market 2019-2024 ($M)
5.1.3 Rapeseed Oil Market 2019-2024 ($M)
5.1.4 Sunflower Oil Market 2019-2024 ($M)
5.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
5.2.2 Online Channels Market 2019-2024 ($M)
5.2.3 Convenient Stores Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Palm Oil Market 2019-2024 ($M)
7.1.2 Soybean Oil Market 2019-2024 ($M)
7.1.3 Rapeseed Oil Market 2019-2024 ($M)
7.1.4 Sunflower Oil Market 2019-2024 ($M)
7.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
7.2.2 Online Channels Market 2019-2024 ($M)
7.2.3 Convenient Stores Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Palm Oil Market 2019-2024 ($M)
9.1.2 Soybean Oil Market 2019-2024 ($M)
9.1.3 Rapeseed Oil Market 2019-2024 ($M)
9.1.4 Sunflower Oil Market 2019-2024 ($M)
9.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
9.2.2 Online Channels Market 2019-2024 ($M)
9.2.3 Convenient Stores Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Palm Oil Market 2019-2024 ($M)
11.1.2 Soybean Oil Market 2019-2024 ($M)
11.1.3 Rapeseed Oil Market 2019-2024 ($M)
11.1.4 Sunflower Oil Market 2019-2024 ($M)
11.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
11.2.2 Online Channels Market 2019-2024 ($M)
11.2.3 Convenient Stores Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Palm Oil Market 2019-2024 ($M)
13.1.2 Soybean Oil Market 2019-2024 ($M)
13.1.3 Rapeseed Oil Market 2019-2024 ($M)
13.1.4 Sunflower Oil Market 2019-2024 ($M)
13.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
13.2.2 Online Channels Market 2019-2024 ($M)
13.2.3 Convenient Stores Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Cooking Oil Market Revenue, 2019-2024 ($M)
2.Canada Cooking Oil Market Revenue, 2019-2024 ($M)
3.Mexico Cooking Oil Market Revenue, 2019-2024 ($M)
4.Brazil Cooking Oil Market Revenue, 2019-2024 ($M)
5.Argentina Cooking Oil Market Revenue, 2019-2024 ($M)
6.Peru Cooking Oil Market Revenue, 2019-2024 ($M)
7.Colombia Cooking Oil Market Revenue, 2019-2024 ($M)
8.Chile Cooking Oil Market Revenue, 2019-2024 ($M)
9.Rest of South America Cooking Oil Market Revenue, 2019-2024 ($M)
10.UK Cooking Oil Market Revenue, 2019-2024 ($M)
11.Germany Cooking Oil Market Revenue, 2019-2024 ($M)
12.France Cooking Oil Market Revenue, 2019-2024 ($M)
13.Italy Cooking Oil Market Revenue, 2019-2024 ($M)
14.Spain Cooking Oil Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cooking Oil Market Revenue, 2019-2024 ($M)
16.China Cooking Oil Market Revenue, 2019-2024 ($M)
17.India Cooking Oil Market Revenue, 2019-2024 ($M)
18.Japan Cooking Oil Market Revenue, 2019-2024 ($M)
19.South Korea Cooking Oil Market Revenue, 2019-2024 ($M)
20.South Africa Cooking Oil Market Revenue, 2019-2024 ($M)
21.North America Cooking Oil By Application
22.South America Cooking Oil By Application
23.Europe Cooking Oil By Application
24.APAC Cooking Oil By Application
25.MENA Cooking Oil By Application