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Fats & Oils Market Market

Fats & Oils Market Size, Share & Segment 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1440 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Fats & Oils Market Size was valued at USD 236.7 billion in 2021 and is expected to reach USD 311.48 billion by 2028, and grow at a CAGR of 5.0% over the forecast period 2022-2028. 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.

Fats & Oils Market Revenue Graph

Market Dynamics:

Drivers:

  • Increasing demand for edible oil.

  • Increasing consumption of vegetable oil.

Restrain:

  • Labeling of oil and fat product.

Opportunity: 

  • Consumption of trans-fat 

Challenge:

  • 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.

Key players:

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.

Market Segmentation:

By type

  • Vegetable Oils

  • Palm oil

  • Soybean oil

  • Sunflower oil

  • Rapeseed oil

  • Olive 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

  • Industrial applications

  • Biodiesel

  • Oleochemicals

  • Animal feed

By Form

  • Liquid

  • Solid

By Source

  • Vegetables

  • Animals

Fats & Oils Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

 

Fats & Oils Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 236.7 Billion
Market Size by 2028 US$ 311.48 Billion
CAGR CAGR of 5.0% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3.Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

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

                8.8 Fats

                8.9 Butter & margarine

                8.10 Lard

                8.11 Tallow & grease

                8.12 Other

 

9. Global Fats & Oils Market Segment, by Application

                9.1 Food applications

                9.2 Bakery & Confectionery

                9.3 Bakery

                9.4 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

                9.11 Biodiesel

                9.12 Other industrial applications

                9.12 Oleochemicals

                9.14 Animal feed

 

10. Global Fats & Oils Market Segment, By Form

                10.1 Liquid

                10.2 Solid

 

11.Global Fats & Oils Market Segment, By Source

                11.1 Vegetables

                11.2 Animals

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3 Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4 Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6 Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

 

13. Company Profiles

13.1 Archer Daniels Midland Company (ADM)

13.1.1 Financial

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

14.1Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

 

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Secondary Research

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