Global Fats & Oils market is expected to reach USD 320.4 billion by 2030, at a CAGR of4% from 2021 to 2030. Many reasons are contributing to the market's significant growth potential, including greater consumer awareness of healthier options such as vegetable oils, rising health concerns about traditional fats, and higher consumption of baked and processed foods. Furthermore, government policies that encourage the use of biodiesel and reduce the environmental impact of fossil fuels have a favorable impact on market growth. Growing interest in using oleochemicals instead of petrochemicals to make soaps, paints, detergents, varnishes, and lubricants play a role in market expansion as well.
Fats are organic molecules that are soluble in organic solvents but mostly insoluble in water. At room temperature, they are solid. At room temperature, there are two types of fats that are solid. Saturated and trans fats are the two types of fats. Solid fat is another name for saturated fat. When compared to animal fat or red meat, fish and poultry contain less saturated fat. This fat has the potential to raise the cholesterol levels. Saturated fats can also be found in tropical oils such cocoa butter, coconut oil, and palm oil. It's usually found in considerable amounts in non-dairy products and snacks. Cakes, butter, and cookies are examples of foods high in saturated fats. Fats are made up of the same basic elements as carbohydrates: carbon, hydrogen, and oxygen. However, the smallest units of fats (called fat molecules) are larger than carbohydrates molecules, and the proportions of carbon, hydrogen, and oxygen in fats differ from those in carbohydrates. Oils are fats that are liquid at normal temperature.
This group includes unsaturated fats. Unsaturated fat-rich foods can aid to lower cholesterol levels. Unsaturated fats are divided into two categories. Polyunsaturated fats and monounsaturated fats are two types of unsaturated fats. Nuts, vegetable oils, and avocado all contain monounsaturated fat. Monounsaturated fats are found in foods that help manage cholesterol levels by keeping good HDL cholesterol high and bad LDL cholesterol low. Oils including sunflower, corn, and soybean contain polyunsaturated fat. These fats are abundant in seafood.
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To generate uniformity in high-quality crude, edible oilseeds such as sunflower oil, palm oil, canola oil, soybean oil among others, are purified using various processes like degumming, neutralization, bleaching, and deodorization. Minor components are chemically or physically removed during the purification process since they are considered contaminants. Refined fats are a term used to describe high-quality edible fats. Monounsaturated fats are abundant in refined fats. High-fat fats are produced utilising cutting-edge technology and are regarded a nutrient-rich food. As a result, their consumption increases year after year because of increased use and population.
The global fats and oils market is expected to be hampered by the rise in health problems caused by excessive intake of fats and oils. Regulations governing food safety and labelling issues are expected to impede industry expansion even more. High raw material prices are projected to have a negative impact on the market's growth prospects.
A significant number of initiatives have been developed by the governments of numerous countries to encourage the production and use of vegetable oils, resulting in market growth. The Renewable Energy Directive has had a major impact on the European Union's use of vegetable oil for biofuel (RED). This directive, which was created in 2009, calls for renewable energy to account for 10% of total energy consumption in road and rail transportation by 2020. This aim must be implemented by EU member states (countries), as well as their national regulations and incentives, such as blending mandates.Palm oil accounts for roughly 20% of biodiesel (fatty acid methyl ester) and renewable diesel (hydro-treated vegetable oil) production in the European Union. Rapeseed, which is also used in cooking oils, and animal fats are two other important feedstocks for producing diesel alternatives. Furthermore, because of the RFS and the biodiesel and renewable diesel tax credits, the volume of soybean oil utilised in biofuel production in the United States has been continuously increasing, and this trend is expected to continue soon.
Because the Millennium age and young customers tend to avoid highly processed goods and foods, demand for unrefined natural oils is increasing. As people become more aware of their health, they are more willing to adapt and seek out animal and vegetable fats, such as butter, eggs, olive oil, and avocado fat. Butter-based fats are recovering their popularity due to their superior performance in supporting clean and straightforward ingredient labelling. This is because for Gen Z and Millennial consumers, clean, simple labelling are the new standard.A surge in research and development to develop innovative uses such as trans-fat substitutes and biodiesel production promises plenty of potential for local and oil market participants.
High-intensity competition is an issue for the industry, and it poses a challenge to the fats and oil market.
The global fats & oils market has been segmented based on type, application, and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region emerged as the largest market for the global fats & oils market with a 36.1% share of the market revenue in 2020.
Asia Pacific region Fats & Oils Market Share in 2020 - 36.1%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global fats & oils industry.
ADM plans to open its first soybean mill and refinery in the United States in May 2021, to address rapidly increasing demand from animal feed, food, biofuel and industrial consumers, including renewable diesel producers.
Richardson International acquired Conagra Food Inc.'s Wesson Oil brand, an iconic edible oil brand in the United States, in December 2018. Canola oils, corn oils, vegetable oils, and blended oils are among the product offerings, which will help Richardson maintain a strong presence in the North American market.
As per The Brainy Insights, the size of the fats & oils market was valued at USD 216.45 Billion in 2020 to USD 320.4 Billion by 2030.
Global fats & oils market is growing at a CAGR of 4% during the forecast period 2021-2030.
The global fats & oils market has been segmented based on type, application, and regions. The butter sub-segment is expected to account for the largest market share in the fats and oils market over the forecast period.
Asia Pacific region emerged as the largest market for the fats & oils.
The market's growth will be influenced by increased global consumption of vegetable oils which is fuelled by rising food demand.
Increase in health problems could hamper the market growth.
Supportive policies for the use of vegetable oil in a variety of countries will provide huge opportunities to the market.
Key players AAK International, Bunge Limited, Ajinomoto Co., Inc., Gemini Edibles & Fats India Pvt. Ltd., Archer Daniels Midland Company, International Foodstuff Company Holdings Limited (IFFCO), Associated British Foods Plc, Cargill
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis ByType
4.3.2. Market Attractiveness Analysis ByApplication
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2.1. Increased global consumption of vegetable oils is fuelled by rising food demand
5.3.1. Increase in health problems
5.4.1. Supportive policies for the use of vegetable oil in a variety of countries
5.4.2. Increased health awareness
5.5.1. High intensity competition
6. Global Fats & Oils Market Analysis and Forecast, By Type
6.1. Segment Overview
7. Global Fats & Oils Market Analysis and Forecast, By Application
7.1. Segment Overview
7.4. Animal Feed
8. Global Fats & Oils MarketAnalysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.5. South America
8.6. Middle East and Africa
8.6.2. South Africa
9. Global Fats & Oils Market-Competitive Landscape
9.2. Market Share of Key Players in the Fats & Oils Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Component Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
10. Company Profiles
10.1. AAK International
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Component Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Bunge Limited
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Component Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Ajinomoto Co., Inc.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Component Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Gemini Edibles & Fats India Pvt. Ltd.
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Component Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Archer Daniels Midland Company
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Component Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. International Foodstuff Company Holdings Limited (IFFCO)
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Component Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Associated British Foods Plc
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Component Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Cargill, Incorporated
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Component Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. CSM Ingredients
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Component Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Fuji Oil Co., Ltd.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Component Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Goodhope Asia Holdings Ltd.
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Component Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. United Plantations Berhad
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Component Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. K S Oils
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Component Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Mewah International Inc.
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Component Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Oleo Fats, Inc.
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Component Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Wilmar International Limited
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Component Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Richardson International Limited
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Component Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Unilever Plc
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Component Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. Vega Foods
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Component Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. Welch, Holme & Clark Co., Inc.
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Component Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
List of Table
1. Global Fats & Oils Market, By Type, 2018-2030 (USD Billion)
2. Global Fats,Fats & OilsMarket, By Region, 2018-2030 (USD Billion)
3. Global Oils Fats & OilsMarket, By Region, 2018-2030 (USD Billion)
4. Global Fats & Oils Market, By Application, 2018-2030 (USD Billion)
5. Global Industrial Fats & Oils Market, By Region, 2018-2030 (USD Billion)
6. Global Food Fats & Oils Market, By Region, 2018-2030 (USD Billion)
7. Global Animal Feed Fats & Oils Market, By Region, 2018-2030 (USD Billion)
8. Global Fats & Oils Market, By Region, 2018-2030 (USD Billion)
9. North America Fats & Oils Market, By Type, 2018-2030 (USD Billion)
10. North America Fats & Oils Market, By Application, 2018-2030 (USD Billion)
11. U.S. Fats & Oils Market, By Type, 2018-2030 (USD Billion)
12. U.S. Fats & Oils Market, By Application, 2018-2030 (USD Billion)
13. Canada Fats & Oils Market, By Type, 2018-2030 (USD Billion)
14. Canada Fats & Oils Market, By Application, 2018-2030 (USD Billion)
15. Mexico Fats & Oils Market, By Type, 2018-2030 (USD Billion)
16. Mexico Fats & Oils Market, By Application, 2018-2030 (USD Billion)
17. Europe Fats & Oils Market, By Type, 2018-2030 (USD Billion)
18. Europe Fats & Oils Market, By Application, 2018-2030 (USD Billion)
19. Germany Fats & Oils Market, By Type, 2018-2030 (USD Billion)
20. Germany Fats & Oils Market, By Application, 2018-2030 (USD Billion)
21. France Fats & Oils Market, By Type, 2018-2030 (USD Billion)
22. France Fats & Oils Market, By Application, 2018-2030 (USD Billion)
23. U.K. Fats & Oils Market, By Type, 2018-2030 (USD Billion)
24. U.K. Fats & Oils Market, By Application, 2018-2030 (USD Billion)
25. Italy Fats & Oils Market, By Type, 2018-2030 (USD Billion)
26. Italy Fats & Oils Market, By Application, 2018-2030 (USD Billion)
27. Spain Fats & Oils Market, By Type, 2018-2030 (USD Billion)
28. Spain Fats & Oils Market, By Application, 2018-2030 (USD Billion)
29. Asia Pacific Fats & Oils Market, By Type, 2018-2030 (USD Billion)
30. Asia Pacific Fats & Oils Market, By Application, 2018-2030 (USD Billion)
31. Japan Fats & Oils Market, By Type, 2018-2030 (USD Billion)
32. Japan Fats & Oils Market, By Application, 2018-2030 (USD Billion)
33. China Fats & Oils Market, By Type, 2018-2030 (USD Billion)
34. China Fats & Oils Market, By Application, 2018-2030 (USD Billion)
35. India Fats & Oils Market, By Type, 2018-2030 (USD Billion)
36. India Fats & Oils Market, By Application, 2018-2030 (USD Billion)
37. South America Fats & Oils Market, By Type, 2018-2030 (USD Billion)
38. South America Fats & Oils Market, By Application, 2018-2030 (USD Billion)
39. Brazil Fats & Oils Market, By Type, 2018-2030 (USD Billion)
40. Brazil Fats & Oils Market, By Application, 2018-2030 (USD Billion)
41. Middle East and Africa Fats & Oils Market, By Type, 2018-2030 (USD Billion)
42. Middle East and Africa Fats & Oils Market, By Application, 2018-2030 (USD Billion)
43. UAE Fats & Oils Market, By Type, 2018-2030 (USD Billion)
44. UAE Fats & Oils Market, By Application, 2018-2030 (USD Billion)
45. South Africa Fats & Oils Market, By Type, 2018-2030 (USD Billion)
46. South Africa Fats & Oils Market, By Application, 2018-2030 (USD Billion)
List of Figures
1. Global Fats & Oils Market Segmentation
2. Fats & Oils Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Fats & Oils Market Attractiveness Analysis By Type
9. Global Fats & Oils Market Attractiveness Analysis By Application
10. Global Fats & Oils Market Attractiveness Analysis By Region
11. Global Fats & Oils Market: Dynamics
12. Global Fats & Oils Market Share by Type (2020 & 2030)
13. Global Fats & Oils Market Share by Application (2020 & 2030)
14. Global Fats & Oils Market Share by Regions (2020 & 2030)
15. Global Fats & Oils Market Share by Company (2020)
This study forecasts revenue at global, regional, and country levels from 2018 to 2030. The Brainy Insights has segmented the global fats & oils market based on below mentioned segments:
Global Fats & Oils Market by Type:
Global Fats & Oils Market by Application:
Global Fats & Oils Market by Region:
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