The Fats and Oils Market accounted to 16.32 million metric tons in 2016 growing at a CAGR of 4.6% during the forecast period of 2017 to 2024.
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According To New Research fats and oils market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Fats and Oil Market By Type (Vegetable Oil, Fats), By Form (Liquid, Solid), By Source (Vegetable, Animal), By Application (Food, Industrial), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Fats and oils are commonly used as an ingredient in food & beverages, oleo chemicals and animal feed. The rising demand of biodiesel has resulted in increased consumption of fats.
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The Fats and Oils Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of fats and oils market for global, Europe, North America, Asia Pacific and South America.
Major market drivers and restraints:
- Rising demand of edible oil/cooking oil
- Increased consumption of bakery & confectionery products
- Growth in the biodiesel market
- Health concerns related to excessive consumption of fats & oils
- Regulatory framework
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- By type:- Vegetable oils and fats. The vegetable oil segment is sub-segmented into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, others. The fats segment is sub-segmented into butter & margarine, lard, tallow & grease, others.
- By source:- the fats and oils market is segmented into vegetable and animals.
- On the basis of form:- the fats and oils market is segmented into liquid and solid.
- By application:- the fats and oils market is segmented into food and industrial. The food segment is sub-segmented into bakery & confectionery and processed foods. The industrial segment is sub-segmented into biodiesel, oleochemicals, animal feed and others.
- On the basis of geography:- fats and oils market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Some of the major players operating in fats and oils market are:-
- Associated British Foods PLC,
- Archer Daniels Midland Company,
- Bunge Limited,
- Wilmar International Limited,
- International Foodstuff Company Holdings Limited,
- Unilever PLC,
- United Plantations Berhad,
- Ajinomoto Co., Inc.
- Conagra Foods Inc.,
- Fuji Oil,
- Richardson Oilseed Ltd,
- Adams Group,
- Omani Vegetable Oils & Derivatives Co.,
- Aak Kamani Private Limited,
- among others.
Key Questions Answered in Global Fats and Oil Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Fats and Oil Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Fats and Oil Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Fats and Oil Market?
Who are Opportunities, Risk and Driving Force of Global Fats and Oil Market?
Who are the opportunities and threats faced by the vendors in Global Fats and Oil Market?
What are the Global Fats and Oil Market opportunities, market risk and market overview of the Market?
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