Edible Oils Market 2024 Industry Analysis by Trends, Share Leaders, Regional Outlook, Development Strategy and Forecast

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Edible Oils Market 2024 Industry Analysis by Trends, Share Leaders, Regional Outlook, Development Strategy and Forecast

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falguni 16 Jul 2024

Manufacturers of edible oils are growing their marketing approaches to align with ongoing market trends. Prominent suppliers are increasingly focusing on the nutritional enhancement of their products, offering various edible oils that boast specific health benefits. High quality remains a

Edible Oils Market Growth or Demand Increase or Decrease for what contains ?

The Edible Oils Market is experiencing substantial growth, driven by increasing consumer awareness about healthy dietary choices, rising disposable incomes, and the growing demand for high-quality cooking oils. The market is witnessing a shift towards healthier options such as olive oil, avocado oil, and other specialty oils, which are perceived to have better nutritional profiles and health benefits. Additionally, the increasing prevalence of lifestyle diseases like heart disease and obesity is propelling consumers to opt for oils with low saturated fat content and high levels of unsaturated fats. The rise of the health and wellness trend is further boosting the demand for organic and non-GMO edible oils. Technological advancements in extraction and processing methods have also led to the production of purer and higher-quality oils, appealing to health-conscious consumers.

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Edible Oils Market CAGR Estimation:

The Edible Oils Market size was valued at USD 120.45 Billion in 2023 and the total Edible Oils Market revenue is expected to grow at a CAGR of 7.37% from 2024 to 2030, reaching nearly USD 198.14 Billion.

Edible Oils Market Segmentation:

by Type

Palm Oil
Soybean Oil
Mustard Oil
Sunflower Oil
Olive Oil
Others

At the end of the forecast period, the edible oils market is anticipated to be dominated by the Type segment, which had the largest market share of roughly 45% in 2023: Palm Oils. The most popular edible oil, palm oil, has contributed significantly to the explosive growth of the vegetable oil markets worldwide. The oil palm tree, which is primarily found in tropical regions, produces high-quality oil that is primarily utilized in developing nations for cooking. Palm oil is expected to see rapid growth in demand throughout the forecast period due to its many uses, including excellent cooking capabilities, a smooth and creamy texture, no smell, and a natural preservation effect that prolongs the shelf life of food goods. It is also applied in several

by Packaging Type

Pouches
Jars
Cans
Bottles

According to packaging type, the growing popularity of pouches among customers is expected to propel them to hold a substantial 60% share of the worldwide edible oils market by 2023. When compared to more conventional packaging types like bottles and cans, pouches provide a lot of advantages. They take up less physical space, which is especially appealing to urban customers who have limited areas. Moreover, pouches are very portable for today's always-on lifestyles because they are lightweight and manageable. Additionally, the pouch structure enables creative bag-in-box packaging options that reduce filling mess and oil waste. Compared to other packaging forms, enhanced barrier technologies used in pouches help retain oil freshness better. Certain forms of self-standing pouches make it simpler to pour and dispense oil straight from the pouch without the need for an

by Distribution Channel

Direct/Institutional Sales
Supermarkets and Hypermarkets
Convenience Stores
Online

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Edible Oils Market Growth or Demand in which regions?

The Edible Oils Market is seeing significant growth across various regions globally, driven by diverse factors such as dietary preferences, economic development, and culinary traditions. In Asia-Pacific, countries like India, China, and Indonesia are major consumers and producers of edible oils, with a strong preference for oils such as palm oil, soybean oil, and mustard oil. Rapid population growth, urbanization, and increasing disposable incomes in these regions contribute to the rising demand for cooking oils. In Europe, health-conscious consumer trends drive the demand for olive oil and other specialty oils, supported by the Mediterranean diet's popularity and preferences for healthier cooking alternatives. North America, particularly the United States and Canada, sees a robust market driven by a blend of health trends and diverse culinary influences, boosting the consumption of oils like canola and sunflower oil.

Edible Oils Market Scope Methodology:

The competitive landscape of theEdible Oils Market market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in theEdible Oils Market market. The report employed a bottom-up approach to ascertainEdible Oils Market market estimations and growth rates.To gain insights intoEdible Oils Market market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about theEdible Oils Market market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.Both primary and secondary data gathering techniques were employed for theEdible Oils Market r . Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within theEdible Oils Market .

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Edible Oils Market Key Players:

1 Aceitera General Deheza (Argentina)
2. Adams Group (United States)
3. Adani Group (India)
4. Agro Tech Foods Limited (India)
5. American Vegetable Oils, Inc. (United States)
6. Archer Daniels Midland Company (United States)
7. Associated British Foods plc (United Kingdom)
8. Beidahuang Group (China)
9. Borges Mediterranean Group (Spain)
10. Bunge Limited (United States)
11. Cargill, Incorporated (United States)
12. Emami (India)
13. Fuji Vegetable Oil (Japan)
14. Kaneka Corporation (Japan)
15. Louis Dreyfus Company Brasil (Brazil)
16. Nisshin Oillio Group (Japan)
17. Patanjali Foods Limited (India)
18. PT Sinar Mas Agro Resources And Technology Tbk (Indonesia)
19. Sime Darby Plantation Berhad (Malaysia)
20. The Graincorp Oilseeds (Australia)
21. Vicentin S.A.I.C. (Argentina)
22. Wilmar International Ltd (Singapore)

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Key questions answered in theEdible Oils Market are:

What is Edible Oils Market ?
What is the growth rate of the Edible Oils Market ?
Which are the factors expected to drive the Edible Oils Market market growth?
What are the different segments of the Edible Oils Market r ?
What are the factors restraining the growth of the Edible Oils Market ?
What is the demand pattern of the Edible Oils Market ?
What major challenges could the Edible Oils Market face in the future?

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Key Offerings:

Past Size and Competitive Landscape
Past Pricing and price curve by region
Size, Share, Size Forecast by different segment
Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Segmentation A detailed analysis by segment with their sub-segments and Region
Competitive Landscape Profiles of selected key players by region from a strategic perspective

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