Press release
Global Edible Oils Market Predicted to Grow at $131.91 Billion by 2026 | A report by Adani Wilmar Limited, Associated British Foods plc, Archer Daniels Midland Company, Global Canopy, Olympic Foods Ltd. American Vegetable Oils and others
Market Analysis:
Global Edible Oils Market is expected to rise from its initial estimated value of USD 87.60 billion in 2018 to an estimated value of USD 131.91 billion by 2026, registering a CAGR of 5.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits of strong supply chain of chain of edible oil products and retail outlets.
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Key Market Competitors:
• Adani Wilmar Limited
• Associated British Foods plc
• Archer Daniels Midland Company
• Global Canopy
• Olympic Foods Ltd.
• American Vegetable Oils, Inc
• Cargill
• BORGES INTERNATIONAL GROUP, S.L.
• Fuji Vegetable Oil
• Ruchi Soya Industries
• Adams Group
• ACH Food Companies
• AJINOMOTO CO.INC
• United Plantations Berhad
• CHS Inc
Key Developments in the Market:
• In February, 2016, Adani Wilmar Ltd. Launched diabetic care oil “VIVO Fortune”which will help in controlling Type 2 Diabetes as diabetes is one of the fastest growing disease and the product is targeted at upper age segment.
• In September 2016, Cargill launched a new product line of sunflower oil certified as non-genetically modified to capture consumers who are looking for organic and natural oil. The new launch will increase the market share of the company.
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Market Drivers & Restraints:
• The strong supply chain of chain of edible oil products and established chain of retail outlets is one of the divers for market growth.
• Increasing demand from growing population and rising household income is driving the market towards growth.
• Lack of production of edible oil is likely to restrain the market growth
• The government regulations regarding plastic materials used in packaging may restraint the market growth.
Segmentation:
Product Type
Vegetable Oils
• Canola Oil
• Olive Oil
• Peanut Oil
• Soybean Oil
• Sunflower Oil
• Others
Palm Oils
• Coconut Oil
• Palm Oil
• Palm Kernel Oil
Industrial Oils
• Castor Oil
• Linseed Oil
Animal-Derived Oils
• Fish Oil
• Others
By End-Use
• Food
• Animal feeds
• Non-food uses
• Biodiesel
• Fatty acids and alcohols
• Lubricants
• Solvents
• Other
Competitive Analysis:
Global edible oils market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of edible oils market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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