Report Id: SNS/C&M/1440 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Fats & Oils Market Size was valued at USD 248.5 billion in 2022 and is expected to reach USD 367.1 billion by 2030, and grow at a CAGR of 5.0% over the forecast period 2023-2030. Fats and oils are glyceryl esters of various organic acids that belong to the fatty acid series, and they come from either plant or animal sources. Plant-based fats and oils include soybean, palm, rapeseed, olive oil, and sunflower oil, whereas animal-based fats and oils include butter, margarine, tallow, and lard. Apart from eating, vegetable fats and oils are increasingly being used in industrial applications such soaps, detergents, paints, and oleochemicals, the most important of which is biodiesel. In major and emerging countries including the United States, Brazil, China, India, and Indonesia, the fats and oils market has been continuously growing. Palm oil remained the most popular vegetable oil, accounting for roughly 30% of the market. Animal fats are used in a variety of industries, including pet food, animal feed, and biodiesel and oleochemicals. Plant-based oils have traditionally been used in food applications. In 2021, the liquid segment of the fats and oils market is expected to dominate.
Increasing demand for edible oil.
Increasing consumption of vegetable oil.
Labeling of oil and fat product.
Consumption of trans-fat
Increase cost of end product.
Impact of covid-19:
The global supply and demand for fats and oils has moved as a result of the coronavirus outbreak, with increased pricing volatilityPalm oil is the most widely produced type of oil in the region, according to prominent vegetable oil manufacturers such as Wilmar International and Mehwah Group. has suffered as demand has decreased globally, trade has been disrupted, and production has been hampered in Indonesia and Malaysia. Many governments were making efforts to keep the market stable According to the Indonesian Palm Oil Producers Association, exports to China plummeted by 57% in January 2019-2020.
Governments in countries including India, China, and the United States granted exemptions to the industry, allowing them to operate at a reduced capacity during the lockdowns. The continuity of operations allowed these organizations to mitigate the significant damage as manufacturing continued.
Archer Daniels Midland Company (ADM), Wilmar International Limited, Unilever PLC, Ajinomoto Co., Inc., Associated British Foods PLC, Bunge Limited, United Plantations Berhad, Mewah International Inc., and Other players.
Butter & margarine
Tallow & grease
Bakery & confectionary
Snacks & savory
R.T.E foods/Convenience foods
Sauces, spreads, and dressings
Fats and oils are expected to expand at the quickest rate in the Asia Pacific area. Two important palm and palm kernel oil-producing countries, Malaysia and Indonesia, are located in the region, as are two large fats and oils-consuming countries, China and India. This is one of the major reasons why the Asia-Pacific region has the largest and fastest-growing fats and oils industry in the world.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 248.5 Billion|
|Market Size by 2030||US$ 367.1 Billion|
|CAGR||CAGR of 5.0% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Vegetable Oils, Palm oil, Soybean oil, Sunflower oil, Rapeseed oil, Olive oil, Other oil, Fats, Butter & margarine, Lard, Tallow & grease, Other)
• By Application (Food applications, Bakery & confectionary, Bakery, Confectionery, Processed food, Snacks & Savory, R.T.E foods/Convenience foods, Sauces, spreads, and dressings, other foods, Industrial applications, Biodiesel, Oleochemicals, Animal feed)
• By Form (Liquid, Solid)
• By Source (Vegetables, Animals)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Archer Daniels Midland Company (ADM), Wilmar International Limited, Unilever PLC, Ajinomoto Co., Inc., Associated British Foods PLC, Bunge Limited, United Plantations Berhad, Mewah International Inc., and Other players.|
|DRIVERS||• Increasing demand for edible oil.
• Increasing consumption of vegetable oil.
|RESTRAINTS||• Labeling of oil and fat product.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Archer Daniels Midland Company (ADM) (US), Wilmar International Limited (Singapore), Unilever PLC (UK), Ajinomoto Co., Inc. (Japan), Associated British Foods PLC (UK), Bunge Limited (US), United Plantations Berhad (Malaysia) and Mewah International Inc. (Singapore) are the major key players of Fats & Oils Market.
Ans: The global supply and demand for fats and oils has moved as a result of the coronavirus outbreak, with increased pricing volatilityPalm oil is the most widely produced type of oil in the region, according to prominent vegetable oil manufacturers such as Wilmar International and Mehwah Group. has suffered as demand has decreased globally, trade has been disrupted, and production has been hampered in Indonesia and Malaysia. Many governments were making efforts to keep the market stableAccording to the Indonesian Palm Oil Producers Association, exports to China plummeted by 57% in January 2019-2020. (GAPKI).
Ans: Increasing demand for edible oil and Increasing consumption of vegetable oil are the drivers for Fats & Oils Market.
Ans: Global Fats & Oils Market, Size was valued at USD 236.7 billion in 2021, and expected to reach USD 311.48 billion by 2028, and grow at a CAGR of 5.0% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Fats & Oils Market Segment, by Type
8.1 Vegetable Oils
8.2 Palm oil
8.3 soybean oil
8.4 Sunflower oil
8.5 Rapeseed oil
8.6 Olive oil
8.7 Other oils
8.9 Butter & margarine
8.11 Tallow & grease
9. Global Fats & Oils Market Segment, by Application
9.1 Food applications
9.2 Bakery & Confectionery
9.5 Processed food
9.6 Snacks & savory
9.7 R. T. E foods/Convenience foods
9.8 Sauces, spreads, and dressings
9.9 Other foods (incl. meat products)
9.10 Industrial applications
9.12 Other industrial applications
9.14 Animal feed
10. Global Fats & Oils Market Segment, By Form
11.Global Fats & Oils Market Segment, By Source
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Archer Daniels Midland Company (ADM)
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Wilmar International Limited
13.3 Unilever PLC, Ajinomoto Co., Inc.
13.4 Associated British Foods PLC
13.5 Bunge Limited
13.6 United Plantations Berhad
13.7 Mewah International Inc.
14. Competitive Landscape
14.2 Market Share analysis
14.3 Recent Developments
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