Global Fats and Oils Market Overview with Trends, Opportunities & Competition Tracking till 2026

According to Fact.MR, a CAGR of over 3% has been projected for the global fats and oils market during the forecast period (2017-2026), in terms of value. Volume sales of fats & oils across the globe are estimated to exceed 100,000,000 tons by 2026-end.

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5 Key Takeaways from Fact.MR’s Report on Fats and Oils Market for Forecast Period 2017-2026

1. In terms of value, sales of fats and oils in Asia-Pacific excluding Japan (APEJ) is expected to remain relatively larger than those in all the other regional segments combined. Revenues from fats and oils sales in APEJ will account for over half revenue share of the market by 2026-end.

2. Europe will also account for a large revenue share of the market during 2017 to 2026. In terms of value, the fats and oils market in North America will remain more lucrative than that in Latin America, however Latin America will register a comparatively faster expansion in the market than North America through 2026.

3. In terms of value, edible vegetable oils will continue to be the most remunerative product in the market, trailed by animal fat. However, sales of palm oil will register a relatively faster expansion in the market through 2026.

4. Although industrial end-users of fats and oils will continue to account for largest market revenue share, the revenues from residential end-users in the market will reflect a comparatively higher CAGR through 2026.

5. Animal-sourced fats and oils are anticipated to remain preferred among end-users in the market, with revenues estimated to remain slightly larger than those from vegetable-sourced fats and oils.

Consumers Inclining More toward Fats & Oils Providing Health Benefits

Preference for reducing saturated fat and fat from diet has been unrelenting among consumers over the past few years. The Generation Z and Millennial consumers are at present more inclined toward discerning fats and oils not only as permissible, but also as providing positive health benefits. These consumers are exhibiting ready acceptance of specific fats and oils that benefit their health. The food industry is simultaneously witnessing huge availability of certain plant-derived oils & its narratives, which are espousing healthfulness and naturalness thereby peeking consumer interest. Demand for pantry-friendly, simple and clean ingredients from the food industry has witnessed a significant surge, with growing consumer desire to eliminate genetically modified organisms (GMOs) in their food products, and seek organic foods. The rediscovered respect for importance of taste is a resurgent trend observed in the market.

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Vendors in the market have commenced investing in best substitutes to trans-fat, in a bid to cater changing consumer demand, which in turn has proliferated production of functional and fortified food. This has further prompted vendors in developing new formulations of fats & oils. Growing development of manufacturing hubs across new markets has led to a surge in globalization of olive oil production, which is one of the latest trend being witnessed in the market. Demand for fats and oils however is being restrained on account of factors such as growing health concerns including obesity and heart-related diseases, along with rising environmental concern and stringent government regulations associated with food safety.

Table of Content:

1. Global Economic Outlook

2. Global Fats & Oils Market – Executive Summary

3. Global Fats & Oils Market Overview
3.1. Introduction
3.1.1. Global Fats & Oils Market Taxonomy
3.1.2. Global Fats & Oils Market Definition
3.2. Global Fats & Oils Market Size (US$ Mn) and Volume and Forecast, 2012-2026
3.2.1. Global Fats & Oils Market Y-o-Y Growth
3.3. Global Fats & Oils Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Regulatory Framework
3.7. PESTLE Analysis
3.8. Porters Five Force Analysis
3.9. Key Participants Market Presence (Intensity Map) By Region

4. Global Fats & Oils Market Analysis and Forecast 2012-2026
4.1. Global Fats & Oils Market Size and Forecast By Product Type, 2012-2026
4.1.1. Edible vegetable oil Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) and Volume Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region

Continued….

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This release was published on openPR.