Edible Oils and Fats Market Size analysis and Forecast 2030

Edible Oils and Fats Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Oil (Soybean Oil, Sunflower Oil, Palm Oil, Canola Oil/Rapeseed Oil, and Others) and Fats (Butter, Margarine, Palm Oil Based Shortening, and Vegetable Oil Based Shortening, and Others)] and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, RTE and RTC Meals, Snacks, and Others), Animal Nutrition, and Pharmaceuticals and Nutraceuticals]

  • Report Code : TIPRE00030249
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 150
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[Research Report] The Edible Oils and Fats market is expected to grow from US$ 52,920.00 million in 2022 to US$ 78,686.61 million by 2030; it is expected to record a CAGR of 5.1% from 2023 to 2030.

Market Insights and Analyst View:

Edible fats are obtained through animal-origin raw materials such as pork fat (lard) and tallow or from plant origin. Meat processors are the raw material suppliers for manufacturers of edible animal-derived fats. Manufacturers have long-term agreements with the meat processing industries for an uninterrupted supply of raw materials. The fatty tissues of pork or beef are chopped into small pieces and boiled in steam digesters, where the fat is released in water. The fat floats over the water surface and is collected by skimming. The membranous matter of animal tissues is pressed in a hydraulic press where additional fat is obtained. Fat is separated from the liquid phase in a desludging centrifuge.

Vegetable fat such as margarine is obtained by the hydrogenation of soybean oil, corn oil, or safflower oil. The oil is first bleached with bleaching earth or charcoal to remove the undesirable odor and color. It is then passed through hydrogen gas under high pressure, which solidifies the oil to obtain margarine. There are various processes to manufacture vegetable oils and fats.

The refined edible oils and fats are packaged in containers and sent to end users such as food & beverage, animal nutrition, and pharmaceuticals & nutraceuticals industries through distributors and suppliers. Cargill Incorporated, Bunge Limited, ADM, Fuji Oil Co Ltd, and Kao Corporation are among the key manufacturers of edible oils and fats across the world.

 

Growth Drivers and Challenges:

According to the United States Department of Agriculture (USDA), soy oil is the second largest consumed vegetable oil. It is extensively utilized for frying, cooking, shortening, and margarine. According to the Organization for Economic Co-operation and Development (OECD), in 2022, the consumption of vegetable oil reached 249 million metric tons, with the food sector accounting for the major share. Moreover, the confectionery industry significantly utilizes butter as a primary ingredient, followed by margarine. The high-quality edible oils and fats are used in bakery and confectionery, dairy and frozen desserts, snacks, Ready-to-Eat (RTE) and Ready-to-Cook (RTC) meals, and other food and beverage items. Refined oils and fats are a rich source of lipids. Thus, their use is increasing due to rising application and growing global population.

The food & beverages industry in various regions such as North America and Asia Pacific is continuously growing owing to an upsurging inclination toward sustainability, preference for convenience and ready-to-eat products, and rising adoption of organic and plant-based products. The industry is witnessing substantial motion with innovation in processes, products, and services to cater to rapidly changing consumer preferences. According to the United States Census Bureau, the US had 39,646 food and beverage manufacturing plants in 2020. Of which California, Texas, and New York had 6,116, 2,625, and 2,600 respectively. Similarly, the food & beverage industry is one of the significant contributors to the European Economy. Thus, the growing food & beverages industry across the globe propels the demand for edible oils and fats.

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Edible Oils and Fats Market: Strategic Insights

edible-oils-and-fats-market
Market Size Value inUS$ 52,920.00 million in 2022
Market Size Value byUS$ 78,686.61 million by 2030
Growth rateCAGR of 5.1% from 2023 to 2030
Forecast Period2023-2030
Base Year2022
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Report Segmentation and Scope:

The "Global Edible Oils and Fats Market" is segmented on the basis of type, application, and geography. Based on type, the market is bifurcated into oil and fats. Based on application, the global edible oils and fats devided into food and beverages, animal nutrition, and pharmaceuticals and nutraceuticals. The oil segment held a larger share of the global

edible oils and fats market

in 2022. Based on geography, the edible oils and fats market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Chile, and the Rest of South & Central America).

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Segmental Analysis:

Based on type, the edible oil and fats market is bifurcated into oil and fats. The oil segment held a larger share of the edible oils and fats market in 2022 and is expected to register a higher CAGR during the forecast period. Vegetable oils can be derived from seeds, cereal grains, nuts, and fruits. Olive, sunflower, palm, canola, coconut, safflower, corn, peanut, cottonseed, palm kernel, and soybean oils are among the most consumed oils. Generally, vegetable oils are used in food preparation, and crude oil is added for flavor. Vegetable oil is also used in the production of animal feed. Palm oils are easy to stabilize, and they maintain flavor quality and consistency in processed foods. Therefore, they are frequently favored by food manufacturers. Indonesia, Malaysia, Thailand, and Nigeria are among the biggest palm oil producers and exporters. Rising awareness related to health concerns associated with trans fats in hydrogenated vegetable oils propels the use of palm oil in the food industry. The agri-food industry is a significant consumer of palm oil, as it is used majorly in industrial baked goods, chocolate products, confectionery, ice creams, and even diet meal substitutes. Palm oil is a rich source of tocopherols and carotenoids, which confer natural stability against oxidative deterioration. Thus, the benefits and applications of palm oils in various end-use industries drive their demand across the world.

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Regional Analysis: 

The edible oil and fats market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The global edible oils and fats market was dominated by South & Central America and was estimated to be ~US$ 4,500 billion in 2022. The edible oils and fats market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The snack food sector in the region is expanding owing to the rising consumer preference for different snacking options such as frozen snacks, savory snacks, fruit snacks, confectionery snacks, and bakery snacks. Edible oils and fats play an integral role, as they provide distinctive flavors to food and provide unique and desirable functions in manufacturing snacks. For example, oils are the frying media for deep-fried food, and in pastries, vegetable oil-based shortenings are added to prevent the flour and other ingredients from clumping. Hence, the rising demand for different snacks and the benefits associated with the edible oils and fats propel the demand for edible oils and fats in the snacking sector in South & Central America.

Furthermore, the demand for edible oils and fats in end-use industries such as animal nutrition has seen a rise in the South & Central America. According to the Oil World, in 2022, China purchased around 70% of the Brazilian soybean oil, mainly for animal protein consumption. Moreover, expanding animal nutrition, pharmaceuticals, and nutraceutical industries drive the demand for specialized edible oils and fats. These industries require specific types of oils for various applications, such as in animal feed formulations and pharmaceutical formulations. As these sectors grow and diversify, the demand for their unique requirements increases, fuelling the edible oils and fats market growth in South & Central America.

Industry Developments and Future Opportunities:

Various initiatives taken by the key players operating in the global edible oils and fats market are listed below:

  1. In October 2021, ADM, one of the prominent edible fat and oil manufacturers in the US, announced its plans to build the first-ever dedicated soybean crushing plant and refinery in North Dakota to cater to the fast-growing demand for soybean oil from the food and animal feed industries.
  2. In December 2021, ITOCHU Corporation, headquartered in Japan, announced their agreement through ITOCHU International Inc., headquartered in New York, US, for the establishment of Fuji Oil International Inc. in the US. With this agreement, the firm plans to strengthen the oil and fat business in North America.

COVID-19 Pandemic Impact:

The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel bans, and business shutdowns in leading countries in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) negatively affected the growth of various industries, including the food & beverage industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and non-essential products. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. In addition, the bans imposed by various governments in Europe, Asia, and North America on international travel forced the companies to put their collaboration and partnership plans on a temporary hold. All these factors hampered the food & beverages industry in 2020 and early 2021, thereby restraining the growth of the edible oils and fats market.

Competitive Landscape and Key Companies:

Bunge Ltd, Archer-Daniels-Midland Co., Fuji Oil Co Ltd, Kao Corp, AAK AB, J-Oil Mills Inc, Cargill Inc, Olam Group Ltd, ConnOils LLC, and Louis Dreyfus Co BV. are among the prominent players operating in the global edible oils and fats market. These edible oils and fats manufacturers offer cutting-edge extract solutions with innovative features to deliver a superior experience to consumers.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Based on the application, which segment is projected to grow at the fastest CAGR over the forecast period?

Based on the application, food and beverages segment is hold a significant share in the market. The demand for edible oils and fats, such as shortenings, is gradually increasing in bakery and confectionery segment as they lubricate the structure of bakery products and shorten or tender flour proteins. Fats and oils in the mixture hold many air cells incorporated during creaming, making the products smooth and creamy. Fats act as enriching agents, add calorie value to baked foods, and develop flakiness in products. The rising demand for baked products, including cakes, breads, cookies, and biscuits, significantly drives edible oils and fats utilization.

What is the largest region of the global edible oils and fats market?

Asia Pacific accounted for the largest share of the global edible oils and fats market. The market growth is attributed to increasing demand for bakery products, especially breads, cakes, pastries, and muffins, coupled with the growing influence of Western culture on the millennial and Gen-z population in the region. The bakery sector in China witnessed tremendous growth, with retail sales of bakery products accounting for US$ 34 billion in 2020, according to the United States Department of Agriculture (USDA). Moreover, manufacturers of edible oils and fats actively operate across the region and offer edible oils and fats made with fine-quality oil or its fractions. Distinct melting profiles of butter and margarines, packaging types, and the expansion of antifoaming or antioxidant agents of edible oils and fats are available across the region and widely applicable in many end-use industries such as confectionery, bakery, dairy, and infant nutrition.

What are the opportunities for edible oils and fats in the global market?

Consumers consider plant-based products healthier than conventional products. Rising health consciousness among consumers propels the demand for plant-based and low-fat products. Thus, manufacturers develop plant-based shortenings and low-fat oils to cater to the rising demand. Plant-based shortenings are non-hydrogenated and do not contain cholesterol and trans-fat. Thus, it is considered a healthier alternative to conventional shortenings. Moreover, the increasing prevalence of cardiovascular diseases, obesity, and diabetes over the years is expected to boost the demand for low-fat products such as low-fat oils among various industries, including bakery & confectioneries, dairy & frozen desserts, and snacking.

What are the key drivers for the growth of the global edible oils and fats market?

Manufacturers of edible fats and oils invest significantly in the expansion of business and production capacity to serve their customer base better and meet their consumer requirements. In December 2021, ITOCHU Corporation, headquartered in Japan, announced their agreement through ITOCHU International Inc., headquartered in New York, US, for the establishment of Fuji Oil International Inc. in the US. With this agreement, the firm plans to strengthen the oil and fat business in North America.

Based on the type, why is the oil segment have the largest revenue share?

Based on type, oil segment mainly has the largest revenue share. Vegetable oils can be derived from seeds, cereal grains, nuts, and fruits. The most consumed oils are olive, sunflower, palm, canola, coconut, safflower, corn, peanut, cottonseed, palm kernel, and soybean. Generally, vegetable oils are used in food preparation, and crude oil is added for flavor. Vegetable oil is also used in the production of animal feed.

Can you list some of the major players operating in the global edible oils and fats market?

The major players operating in the global edible oils and fats market are are Bunge Ltd, Archer-Daniels-Midland Co, Fuji Oil Co Ltd, Kao Corp, AAK AB, J-Oil Mills Inc, Cargill Inc, Olam Group Ltd, ConnOils LLC, and Louis Dreyfus Co BV.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

3.4 Limitations and Assumptions

4. Global Edible Oils and Fats Market Landscape

4.1 Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.1 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 List of Vendors

5. Global Edible Oils and Fats Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Edible Oils and Fats from Food & Beverage Processing Industry

5.1.2 Strategic Development Initiatives by Manufacturers

5.2 Market Restraints

5.2.1 Increasing Prices of Edible Oils

5.3 Market Opportunity

5.3.1 Growing Demand for Plant-based Shortenings and Low-fat Oils

5.4 Future Trend

5.4.1 Adoption of Microencapsulation Technology

5.5 Impact Analysis

6. Edible Oils and Fats Market – Global Market Analysis

6.1 Global Edible Oils and Fats Market Revenue (US$ Million)

6.2 Global Edible Oils and Fats Market Forecast and Analysis

7. Global Edible Oils and Fats Market Analysis - Type

7.1 Oils

7.1.1 Overview

7.1.2 Oils Market Revenue and Forecast to 2030 (US$ Million)

7.1.3 Soybean Oil

7.1.3.1 Overview

7.1.3.2 Soybean Oil Market Revenue and Forecast to 2030 (US$ Million)

7.1.4 Sunflower Oil

7.1.4.1 Overview

7.1.4.2 Sunflower Oil Market Revenue and Forecast to 2030 (US$ Million)

7.1.5 Palm Oil

7.1.5.1 Overview

7.1.5.2 Palm Oil Market Revenue and Forecast to 2030 (US$ Million)

7.1.6 Canola Oil/Rapeseed Oil

7.1.6.1 Overview

7.1.6.2 Canola Oil/Rapeseed Oil Market Revenue and Forecast to 2030 (US$ Million)

7.1.7 Others

7.1.7.1 Overview

7.1.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)

7.2 Fats

7.2.1 Overview

7.2.2 Fats Market Revenue and Forecast to 2030 (US$ Million)

7.2.3 Butter

7.2.3.1 Overview

7.2.3.2 Butter Market Revenue and Forecast to 2030 (US$ Million)

7.2.4 Margarine

7.2.4.1 Overview

7.2.4.2 Margarine Market Revenue and Forecast to 2030 (US$ Million)

7.2.5 Palm Oil Based Shortening

7.2.5.1 Overview

7.2.5.2 Palm Oil Based Shortening Market Revenue and Forecast to 2030 (US$ Million)

7.2.6 Vegetable Oil Based Shortening

7.2.6.1 Overview

7.2.6.2 Vegetable Oil Based Shortening Market Revenue and Forecast to 2030 (US$ Million)

7.2.7 Others

7.2.7.1 Overview

7.2.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)

8. Global Edible Oils and Fats Market Analysis – Application

8.1 Food and Beverages

8.1.1 Overview

8.1.2 Food and Beverages Market Revenue and Forecast to 2030 (US$ Million)

8.1.3 Bakery and Confectionery

8.1.3.1 Overview

8.1.3.2 Bakery and Confectionery Market Revenue, and Forecast to 2030 (US$ Million)

8.1.4 Dairy and Frozen Desserts

8.1.4.1 Overview

8.1.4.2 Dairy and Frozen Desserts Market Revenue, and Forecast to 2030 (US$ Million)

8.1.5 RTE and RTC Meals

8.1.5.1 Overview

8.1.5.2 RTE and RTC Meals Market Revenue, and Forecast to 2030 (US$ Million)

8.1.6 Snacks

8.1.6.1 Overview

8.1.6.2 Snacks Market Revenue, and Forecast to 2030 (US$ Million)

8.1.7 Others

8.1.7.1 Overview

8.1.7.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

8.2 Animal Nutrition

8.2.1 Overview

8.2.2 Animal Nutrition Market Revenue and Forecast to 2030 (US$ Million)

8.3 Pharmaceuticals and Nutraceuticals

8.3.1 Overview

8.3.2 Pharmaceuticals and Nutraceuticals Market Revenue and Forecast to 2030 (US$ Million)

9. Edible Oils and Fats Market - Geographical Analysis

9.1 North America

9.1.1 North America Edible Oils and Fats Market Overview

9.1.2 North America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.1.3 North America Edible Oils and Fats Market Breakdown by Type

9.1.3.1 North America Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Type

9.1.4 North America Edible Oils and Fats Market Breakdown by Application

9.1.4.1 North America Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Application

9.1.5 North America Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Countries

9.1.5.1 North America Edible Oils and Fats Market Breakdown by Country

9.1.5.2 US Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.1.5.2.1 US Edible Oils and Fats Market Breakdown by Type

9.1.5.2.2 US Edible Oils and Fats Market Breakdown by Application

9.1.5.3 Canada Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.1.5.3.1 Canada Edible Oils and Fats Market Breakdown by Type

9.1.5.3.2 Canada Edible Oils and Fats Market Breakdown by Application

9.1.5.4 Mexico Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.1.5.4.1 Mexico Edible Oils and Fats Market Breakdown by Type

9.1.5.4.2 Mexico Edible Oils and Fats Market Breakdown by Application

9.2 Europe

9.2.1 Europe Edible Oils and Fats Market Overview

9.2.2 Europe Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.2.3 Europe Edible Oils and Fats Market Breakdown by Type

9.2.3.1 Europe Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Type

9.2.4 Europe Edible Oils and Fats Market Breakdown by Application

9.2.4.1 Europe Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Application

9.2.5 Europe Edible Oils and Fats Market Revenue and Forecasts and Analysis - By Countries

9.2.5.1 Europe Edible Oils and Fats Market Breakdown by Country

9.2.5.2 Germany Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.2.5.2.1 Germany Edible Oils and Fats Market Breakdown by Type

9.2.5.2.2 Germany Edible Oils and Fats Market Breakdown by Application

9.2.5.3 UK Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.2.5.3.1 UK Edible Oils and Fats Market Breakdown by Type

9.2.5.3.2 UK Edible Oils and Fats Market Breakdown by Application

9.2.5.4 France Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.2.5.4.1 France Edible Oils and Fats Market Breakdown by Type

9.2.5.4.2 France Edible Oils and Fats Market Breakdown by Application

9.2.5.5 Italy Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.2.5.5.1 Italy Edible Oils and Fats Market Breakdown by Type

9.2.5.5.2 Italy Edible Oils and Fats Market Breakdown by Application

9.2.5.6 Russia Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.2.5.6.1 Russia Edible Oils and Fats Market Breakdown by Type

9.2.5.6.2 Russia Edible Oils and Fats Market Breakdown by Application

9.2.5.7 Rest of Europe Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.2.5.7.1 Rest of Europe Edible Oils and Fats Market Breakdown by Type

9.2.5.7.2 Rest of Europe Edible Oils and Fats Market Breakdown by Application

9.3 Asia Pacific

9.3.1 Asia Pacific Edible Oils and Fats Market Overview

9.3.2 Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

9.3.3 Asia Pacific Edible Oils and Fats Market Breakdown by Type

9.3.3.1 Asia Pacific Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Type

9.3.4 Asia Pacific Edible Oils and Fats Market Breakdown by Application

9.3.4.1 Asia Pacific Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Application

9.3.5 Asia Pacific Edible Oils and Fats Market Breakdown by Country

9.3.5.1 Asia Pacific Edible Oils and Fats Market Breakdown by Country

9.3.5.2 China Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

9.3.5.2.1 China Edible Oils and Fats Market Breakdown by Type

9.3.5.2.2 China Edible Oils and Fats Market Breakdown by Application

9.3.5.3 Japan Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

9.3.5.3.1 Japan Edible Oils and Fats Market Breakdown by Type

9.3.5.3.2 Japan Edible Oils and Fats Market Breakdown by Application

9.3.5.4 India Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

9.3.5.4.1 India Edible Oils and Fats Market Breakdown by Type

9.3.5.4.2 India Edible Oils and Fats Market Breakdown by Application

9.3.5.5 Australia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

9.3.5.5.1 Australia Edible Oils and Fats Market Breakdown by Type

9.3.5.5.2 Australia Edible Oils and Fats Market Breakdown by Application

9.3.5.6 South Korea Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

9.3.5.6.1 South Korea Edible Oils and Fats Market Breakdown by Type

9.3.5.6.2 South Korea Edible Oils and Fats Market Breakdown by Application

9.3.5.7 Rest of Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

9.3.5.7.1 Rest of Asia Pacific Edible Oils and Fats Market Breakdown by Type

9.3.5.7.2 Rest of Asia Pacific Edible Oils and Fats Market Breakdown by Application

9.4 South & Central America

9.4.1 South & Central America Edible Oils and Fats Market Overview

9.4.2 South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.4.3 South & Central America Edible Oils and Fats Market Breakdown by Type

9.4.3.1 South & Central America Edible Oils and Fats Market Forecasts and Analysis - By Type

9.4.4 South & Central America Edible Oils and Fats Market Breakdown by Application

9.4.4.1 South & Central America Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Application

9.4.5 South & Central America Edible Oils and Fats Market Revenue, Forecasts and Analysis - By Countries

9.4.5.1 South & Central Edible Oils and Fats Market Breakdown by Country

9.4.5.2 Brazil Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.4.5.2.1 Brazil Edible Oils and Fats Market Breakdown by Type

9.4.5.2.2 Brazil Edible Oils and Fats Market Breakdown by Application

9.4.5.3 Argentina Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.4.5.3.1 Argentina Edible Oils and Fats Market Breakdown by Type

9.4.5.3.2 Argentina Edible Oils and Fats Market Breakdown by Application

9.4.5.4 Rest of South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.4.5.4.1 Rest of South & Central America Edible Oils and Fats Market Breakdown by Type

9.4.5.4.2 Rest of South & Central America Edible Oils and Fats Market Breakdown by Application

9.5 Middle East & Africa

9.5.1 Middle East & Africa Edible Oils and Fats Market Overview

9.5.2 Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.5.3 Middle East & Africa Edible Oils and Fats Market Breakdown by Type

9.5.3.1 Middle East & Africa Edible Oils and Fats Market Forecasts and Analysis - By Type

9.5.4 Middle East & Africa Edible Oils and Fats Market Breakdown by Application

9.5.4.1 Middle East & Africa Edible Oils and Fats Market Forecasts and Analysis - By Application

9.5.5 Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts and Analysis - By Countries

9.5.5.1 Middle East & Africa Edible Oils and Fats Market Breakdown by Country

9.5.5.2 Saudi Arabia Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.5.5.2.1 Saudi Arabia Edible Oils and Fats Market Breakdown by Type

9.5.5.2.2 Saudi Arabia Edible Oils and Fats Market Breakdown by Application

9.5.5.3 UAE Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.5.5.3.1 UAE Edible Oils and Fats Market Breakdown by Type

9.5.5.3.2 UAE Edible Oils and Fats Market Breakdown by Application

9.5.5.4 South Africa Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.5.5.4.1 South Africa Edible Oils and Fats Market Breakdown by Type

9.5.5.4.2 South Africa Edible Oils and Fats Market Breakdown by Application

9.5.5.5 Rest of Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)

9.5.5.5.1 Rest of Middle East & Africa Edible Oils and Fats Market Breakdown by Type

9.5.5.5.2 Rest of Middle East & Africa Edible Oils and Fats Market Breakdown by Application

10. Edible Oils and Fats Market – Impact of COVID-19 Pandemic

10.1 Pre & Post COVID-19 Impact

11. Competitive Landscape

11.1 Company Positioning & Concentration

11.2 Heat Map Analysis by Key Players

12. Company Profiles

12.1 Bunge Ltd

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Archer-Daniels-Midland Co

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Fuji Oil Co Ltd

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Kao Corp

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 AAK AB

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 J-Oil Mills Inc

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Cargill Inc

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Olam Group Ltd

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 ConnOils LLC

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Louis Dreyfus Co BV

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

List of Tables

Table 1. Global Edible Oils and Fats Market Segmentation

Table 2. Global Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Table 3. Global Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 4. Global Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 5. North America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 6. North America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 7. US Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 8. US Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 9. Canada Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 10. Canada Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 11. Mexico Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 12. Mexico Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 13. Europe Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 14. Europe Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 15. Germany Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 16. Germany Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 17. UK Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 18. UK Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 19. France Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 20. France Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 21. Italy Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 22. Italy Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 23. Russia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 24. Russia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 25. Rest of Europe Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 26. Rest of Europe Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 27. Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 28. Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 29. China Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 30. China Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 31. Japan Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 32. Japan Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 33. India Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 34. India Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 35. Australia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 36. Australia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 37. South Korea Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 38. South Korea Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 39. Rest of Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 40. Rest of Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 41. South & Central America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 42. South & Central America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 43. Brazil Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 44. Brazil Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 45. Argentina Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 46. Argentina Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 47. Rest of South & Central America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 48. Rest of South & Central America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 49. Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 50. Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 51. Saudi Arabia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 52. Saudi Arabia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 53. UAE Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 54. UAE Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 55. South Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 56. South Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 57. Rest of Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 58. Rest of Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 59. Company Positioning & Concentration

List of Figures

Figure 1. Global Edible Oils and Fats Market Segmentation, By Region

Figure 2. Global Edible Oils and Fats Market – Porter's Analysis

Figure 3. Ecosystem: Global Edible Oils and Fats Market

Figure 4. Market Dynamics: Global Edible Oils and Fats Market

Figure 5. Global Edible Oils and Fats Market Impact Analysis of Drivers and Restraints

Figure 6. Global Edible Oils and Fats Market Revenue (US$ Million), 2020 – 2030

Figure 7. Global Edible Oils and Fats Market Share (%) – Type, 2022 and 2030

Figure 8. Oils Market Revenue and Forecasts To 2030 (US$ Million)

Figure 9. Soybean Oil Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Sunflower Oil Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Palm Oil Market Revenue and Forecasts To 2030 (US$ Million)

Figure 12. Canola Oil/Rapeseed Oil Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 15. Butter Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. Margarine Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17. Palm Oil Based Shortening Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18. Vegetable Oil Based Shortening Market Revenue and Forecasts To 2030 (US$ Million)

Figure 19. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 20. Global Edible Oils and Fats Market Share (%) –Application, 2022 and 2030

Figure 21. Food and Beverages Market Revenue and Forecasts To 2030 (US$ Million)

Figure 22. Bakery and Confectionery Market Revenue and Forecasts To 2030 (US$ Million)

Figure 23. Dairy and Frozen Desserts Market Revenue and Forecasts To 2030 (US$ Million)

Figure 24. RTE and RTC Meals Market Revenue and Forecasts To 2030 (US$ Million)

Figure 25. Snacks Market Revenue and Forecasts To 2030 (US$ Million)

Figure 26. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 27. Animal Nutrition Market Revenue and Forecasts To 2030 (US$ Million)

Figure 28. Pharmaceuticals and Nutraceuticals Market Revenue and Forecasts To 2030 (US$ Million)

Figure 29. Edible Oils and Fats Market Breakdown by Geography, 2022 and 2030 (US$ Million)

Figure 30. North America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 31. North America Edible Oils and Fats Market Breakdown by Type (2022 and 2030)

Figure 32. North America Edible Oils and Fats Market Breakdown by Application (2022 and 2030)

Figure 33. North America Edible Oils and Fats Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 34. US Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 35. Canada Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 36. Mexico Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 37. Europe Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 38. Europe Edible Oils and Fats Market Breakdown by Type (2022 and 2030)

Figure 39. Europe Edible Oils and Fats Market Breakdown by Application (2022 and 2030)

Figure 40. Europe Edible Oils and Fats Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 41. Germany Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 42. UK Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 43. France Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 44. Italy Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 45. Russia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 46. Rest of Europe Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 47. Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 48. Asia Pacific Edible Oils and Fats Market Breakdown by Type (2022 and 2030)

Figure 49. Asia Pacific Edible Oils and Fats Market Breakdown by Application (2022 and 2030)

Figure 50. Asia Pacific Edible Oils and Fats Market Breakdown By Key Countries, 2022 And 2030 (%)

Figure 51. China Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 52. Japan Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 53. India Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 54. Australia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 55. South Korea Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 56. Rest of Asia Pacific Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 57. South & Central America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 58. South & Central America Edible Oils and Fats Market Breakdown by Type (2022 and 2030)

Figure 59. South & Central America Edible Oils and Fats Market Breakdown by Application (2022 and 2030)

Figure 60. South & Central Edible Oils and Fats Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 61. Brazil Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 62. Argentina Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 63. Rest of South & Central America Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 64. Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 65. Middle East & Africa Edible Oils and Fats Market Breakdown by Type (2022 and 2030)

Figure 66. Middle East & Africa Edible Oils and Fats Market Breakdown by Application (2022 and 2030)

Figure 67. Middle East & Africa Edible Oils and Fats Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 68. Saudi Arabia Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 69. UAE Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 70. South Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 71. Rest of Middle East & Africa Edible Oils and Fats Market Revenue and Forecasts To 2030 (US$ Million)

Figure 72. Pre & Post COVID-19 Impact: Edible Oils and Fats Market

Figure 73. Heat Map Analysis by Key Players

The List of Companies - Edible Oils and Fats Market

  1. Bunge Ltd
  2. Archer-Daniels-Midland Co
  3. Fuji Oil Co Ltd
  4. Kao Corp
  5. AAK AB
  6. J-Oil Mills Inc
  7. Cargill Inc
  8. Olam Group Ltd
  9. ConnOils LLC
  10. Louis Dreyfus Co BV

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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