Know the Future Scenario of the Cooking Oils and Fats Market

Global cooking oils and fats market is expected to grow at a CAGR of 1.12% to reach $65,260 million by 2022. Technological advancements in the manufacturing process of cooking oils and fats drive the cooking oils and fats market.

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The global cooking oils and fats market is expected to witness notable growth in the coming years. Increase in applications of cooking oils and fats in the emerging countries is expected to foster the market growth in the coming years. Moreover, increase in use of high quality edible oils and fats, growth in disposable income of consumers, and high demand for cooking oils and fats in the food services industries and households drive the market.

Cooking oils and fats are made up of saturated, polysaturated, and monosaturated fatty acids. Saturated fats increase the body cholesterol levels, while monosaturated and polysaturated fats tend to lower cholesterol level in the body. Among product types, vegetable & seed oil segment occupied a dominant share of 54% in the global market in 2015, and is expected to maintain this trend during the forecast period. In addition, butter and spreadable oils & fats segments are expected to grow at significant CAGRs of 1.03% and 1.63%, respectively from 2016 to 2022 to garner $6,223 million and $10,424 million, respectively, by 2022.

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The market is segmented based on geography into North America, Europe, Asia-Pacific, and LAMEA.

Key Findings of Cooking Oils & Fats Market Study

The vegetable and seed oil segment occupied the highest share in 2015, and is expected to grow at a significant CAGR of 0.92%, in terms of value, during the forecast period.

Asia-Pacific is the leading market for cooking oils and fats, followed by Europe.

The butter segment is expected to grow at the highest CAGR of 1.63%, in terms of value, from 2016 to 2022.

The U.S. is the leading market for cooking oils and fats in the North American region, growing at a CAGR of 0.70%, in terms of value.

The prominent players profiled in this report include Unilever PLC, Cargill, Inc., International Foodstuff Company Limited, United Plantations Berhad, Wilmar International Limited, Archer Daniels Midland Company, Associated British Foods plc, Bunge Limited, CHS Inc., and ConAgra Foods Inc.

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