Global Fats and Oils Market 2021 is expected to register a CAGR of 5.2%, during forecast period with Impact of Covid 19 Analysis

Fats

Global “Fats and Oils Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Fats and Oils in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Fats and Oils Market report categorizes the market based on manufacturers, regions, type, and application. Fats and Oils Market reports offer a detailed assessment of the Fats and Oils including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Fats and Oils market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Market Insights

The global fats and oils market is expected to register a CAGR of 5.2% during the forecast period (2018–2023), to reach USD 270.55 billion by 2023. The primary driver of the market is the hike in demand for polyunsaturated fats, which encompasses omega-3 and omega-6 fatty acids. Ferrero products have achieved the distinction of being produced with only palm fruit oil, which is 100% certified as sustainable and segregated, according to the Roundtable on Sustainable Palm Oil (RSPO) supply chain.

Hike in Consumption of Processed Foods and Confectionery

The prime factor driving fats and oils market is the increased consumption of processed foods, confectionary and ready to drink beverages. Asia-pacific accounts for largest share in palm oil in terms of production as well as its consumption. The primary driver in consumption is its use in cooking and its role in food processing. Many factors have led to an increased demand for processed and packaged food, encouraging food producers to increase production and invest heavily in food processing equipment and machinery.
The increased demand for olive oil, LDL lowering, and HDL-increasing oils and fats are the primary reasons for the shift in the global oils and fats market. Chinese soybean production is projected to see increased harvested area, as policy changes reduce incentives to plant corn. Argentinan soybean crop is projected at 57.0 million tons, up 0.5 million from the revised 2015/16 crop. The rise in the consumption of soybean is due to its health index. In the global context of health, diet, and physical activity, the European oils and fats sector strives to improve the fatty acid profile of oils and fats formulations (reduction of TFA and SAFA and an increase of MUFA and PUFA) and develop healthier alternatives for all food applications. McDonalds has urged FSSAI to establish cooking oil standards.

Palm Oil Accounts for Major Share

The global fats and oil market is segmented by oil type into palm oil, soybean oil, canola oil, rapeseed oil, sunflower oil, olive oil and others (coconut oil, cottonseed oil, and peanut oil) while by fat type, the market has been segmented into butter, shortenings & margarine, lard, tallow and others. Palm oil accounts for the highest share followed by soybean and canola. The market value for palm oil is expected to grow at 6% CAGR during the forecast period. Palm oil covers around 30% of the vegetable oil market.

North America Holds Major Share

The statistics for the last ten years depict an increase in the global oil consumption, by 30-40%. Asia-Pacific comprises of developing economies, such as China and India, which are the largest consumers of fats & oils in the world. The global consumption of palm oil was 52.1 million tons, in 2012. The primary consumers of palm oil are China, India, and the European Union, none of which produce crude palm oil and imports entirely meet their demand. Indonesia, though a prominent consumer, is the largest producer of palm oil, surpassing Malaysia. On the global front, the United States is ahead of the Asian countries, and is the largest producer of soybean. Soybean export by the United States is projected to be 37%, up slightly from 2015/16 and near the five-year average. The maximum percentage of olive oil production is attributed to Spain, followed by Italy.

Key Developments

• May 2017 – ConAgra Foods has struck a USD 285 million deal to sell its Wesson edible oil to J. M Smucker in the process of re-engineering its portfolio.
• March 2017 – Cargill, in partnership with Wild Asia, has helped 141 independent oil palm smallholder farmers in Perak receive the Roundtable on Sustainable Palm Oil (RSPO) certification under the Wild Asia Group Scheme (WAGS).

Competitive Landscape

Major players – AJEGROUP SA, CG ROXANE, LLC, FONTI DI VINADIO SPA, GROUPE DANONE, GRUPO VICHY CATALAN, HANGZHOU WAHAHA GROUP CO. LTD, HASSIAWATERS INTERNATIONAL GMBH & CO. KG, ICELANDIC WATER HOLDINGS EHF, MOUNTAIN VALLEY SPRING COMPANY LLC, NESTLE SA, PEPSICO INC. and THE COCA-COLA COMPANY among others.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

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The global Fats and Oils market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Fats and Oils Market Report covers the Top Key-players in 2021:-

  • Adams Group Inc.
  • Adani Group
  • Archer Daniels Midland Company
  • Arista Industries Inc.
  • Associated British Foods PLC (ABF)
  • Cargill Inc.
  • ConAgra Foods Inc.
  • Fuji Oil Co. Ltd.
  • Unilever PLC
  • Wilmar International Limited

Highlighted points of Fats and Oils Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12887232

This Fats and Oils Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Fats and Oils? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Fats and Oils Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Fats and Oils Market? What Was Capacity, Production Value, Cost and PROFIT of Fats and Oils Market?
  • What Is Current Market Status of Fats and Oils Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Fats and Oils Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Fats and Oils Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Fats and Oils Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Fats and Oils Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Fats and Oils Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Fats and Oils Industry?

Key Developments in the Fats and Oils Market:

  • May 2017 – ConAgra Foods has struck a USD 285 million deal to sell its Wesson edible oil to J. M Smucker in the process of re-engineering its portfolio.
  • March 2017 – Cargill, in partnership with Wild Asia, has helped 141 independent oil palm smallholder farmers in Perak receive the Roundtable on Sustainable Palm Oil (RSPO) certification under the Wild Asia Group Scheme (WAGS).
    Competitive Landscape
    M

    Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12887232

    Finally, the report Global Fats and Oils Market 2021 describes the Fats and Oils industry expansion game plan, the Fats and Oils industry knowledge supply, appendix, analysis findings, and the conclusion.

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