This market research report presents a detailed segmentation of the global oils and fats market by product (oils and solid fats) and by distribution channel (hypermarkets and supermarkets, convenience stores, and food specialists). It provides a market share analysis of its key regions, including the Americas, APAC, Eastern Europe, MEA, and Western Europe. Key findings also include an analysis of the leading vendors such as Associated British Foods, Bunge, CHS, Land O’Lakes, Unilever, and Wilmar.
Technavio’s market research analysts estimate the global oils and fats market to grow at a CAGR of more than 5% between 2015 and 2019. Increase in awareness about high-quality edible oils is driving the growth of this market. APAC leads the global market for oils and fats, accounting for around 45% of the overall market share. China and India are the prime contributors to the production of sunflower and soybean oil in this region.
The new market research report from Technavio provides a breakdown and analysis of the oils and fats segments by technology.
“Consumers are shifting towards clean label recipes which are actually modified foods with simpler labelling and ingredients. Recently, Unilever’s US Foods division has introduced a buttery spreads that has real and simple ingredients. These buttery spreads contain zero grams of trans fat per serving, without cholesterol and hydrogenated vegetable oils. Also, this clean label butter is made with non-genetically modified (GM) sourced ingredients,” says Vijay Sarathi, Lead Analyst, Food & Beverages, Technavio Research.
Oils account for nearly 63% of the market share and is expected to maintain its dominance until the end of 2019. This segment is further classified as cooking spray, corn oil, olive oil, sunflower oil, vegetable oil, and other edible oils. The growing consumer awareness regarding the health benefits of cooking oils is expected to drive the growth of this segment by the end of the forecast period.
Olive oil is considered as the healthiest oil due to the presence of a high level of monounsaturated fats in it. According to the US International Trade Commission’s Report during 2013 on olive oil, the consumption of olive oil in the US has increased by over 650% during the last three decades.
The leading vendors in the global oils and fats market include Associated British Foods, Bunge, CHS, Land O’Lakes, Unilever, and Wilmar. The market is fragmented with numerous vendors, including international and regional players. Vendors compete on the basis of product differentiation, portfolio, and pricing. The market is dominated by six key vendors who have a worldwide presence and have strong brand images for their products in the market.
A more detailed analysis is available in the Technavio report, Global Oils and Fats Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Soy Market in the US 2015-2019
- Global Probiotics Market 2015-2019
- Cheese Market in the US 2015-2019
- Global Dairy Processing Equipment Market 2015-2019
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