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 
    2.2 Key trends by Type
    2.3 Key trends by Distribution Type
    2.4 Key trends By Geography
3. Cooking Oil Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Cooking Oil Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Cooking Oil Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Cooking Oil Market Forces
    6.1 Market Drivers
    6.2 Market Constraints and Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. Cooking Oil Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Cooking Oil Market – By Type (Market Size -$Million/$Billion)
    8.1 Palm Oil
    8.2 Soybean Oil
    8.3 Rapeseed Oil (Canola)
    8.4 Sunflower Oil
    8.5 Other Types
9. Cooking Oil Market – By Distribution Type (Market Size -$Million/$Billion)
    9.1 Supermarkets/Hypermarkets
    9.2 Online Channels
    9.3 Convenient Stores
    9.4 Other Distribution Channels
10. Cooking Oil Market - By Geography (Market Size -$Million/$Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2   Europe
        10.2.1 U.K
        10.2.2Germany
        10.2.3 France
        10.2.4 Netherlands
        10.2.5 Spain
        10.2.6 Italy
        10.2.7 Rest of Europe
    10.3 Asia Pacific 
        10.3.1 India
        10.3.2 China
        10.3.3 Japan
        10.3.4 Australia
        10.3.5South Korea
        10.3.6 Rest of Asia pacific
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 South America
        10.4.3 Africa
11. Cooking Oil Market Entropy
12. Cooking Oil Market - Industry / Segment Competition landscape Premium Premium
    12.1 Market Share Analysis
      12.1.1 Market Share by Country- Key companies
      12.1.2 Market Share by Region- Key companies
      12.1.3 Market Share at Global Level- Key companies
      12.1.4 Best Practices for Companies
13. Cooking Oil Market - Key Company List by Country Premium Premium
14. Cooking Oil Market Company Analysis (Company Revenue, Products, M&A, Developments)
    14.1 Ventura Foods
    14.2 Conagra Brands Inc.
    14.3 The JM Smucker Company
    14.4 ACH Food Companies Inc.
    14.5 Richardson International Limited
    14.6 COFCO
    14.7 Adani Wilmar Limited
    14.8 Golden Agri-Resources Ltd
    14.9 Bunge Limited
    14.10 Louis Dreyfus Company B.V
"*Financials for private companies would be provided on a best efforts basis”.

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