Press release
Cooking Oils & Fats Market 2020: Size, Share, Increasing Demand, Production and Consumption Analysis, Recent Trend, Future Growth, Business Prospects and Forecast to 2024
Cooking Oils & Fats Market
The Global Cooking Oils & Fats Market is estimated to be valued at USD 74,865.82 Million by 2024 and is expected to register a CAGR of 1.77% during the forecast period. The global cooking oils and fats market is expected to register a prominent growth during the forecast period. Increasing consumption of oils and fats in the foodservice industry, rising global population, and increasing demand for bakery & confectionery, and processed & convenience foods are expected to boost the market growth.
However, increasing health concerns and stringent legislation for cooking oils and fats are hampering the growth of the market. Increasing investment in R&D along with technological advancements offer opportunities for market growth while the major challenge faced by manufacturers of cooking oils and fats is the fluctuating prices of raw materials in the global market.
Get Free Sample Copy of "Cooking Oils & Fats Market" @ https://www.marketresearchfuture.com/sample_request/8076
Market Players
Market Research Future recognizes Bunge Limited (US), Associated British Foods PLC (UK), Conagra Brands, Inc. (the US), Archer Daniels Midland Company (US), United Plantations Berhad (Malaysia), IFFCO (UAE), AAK AB (Sweden), Cargill, Incorporated (US), James Richardson & Sons, Limited (Canada), and Wilmar International Ltd (Singapore) as the key players in the global cooking oils & fats market.
Segmental Analysis
The global cooking oils & fats market has been segmented based on type, source, application, and region.
By type, the market has been divided into oils and fats. The oils segment is estimated to retain its dominance throughout the forecast period of 2019 to 2024. The oils segment is projected to be valued at USD 49,145.87 Million by the end of 2024. The oils segment has been further divided into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, and others. Among the oils segment, the palm oil segment accounted for the largest market share of 22.66% in 2018, and the segment is projected to expand at a moderate growth rate of 1.15% during the forecast period. The fats segment is projected to witness a stupendous growth rate of 2.09% during the forecast period. The fats segment has been further divided into butter, margarine, lard & tallow, and others. Among the fats segment, the butter segment accounted for 33.19% in 2018 and is projected to expand at a below average growth rate during the forecast period. However, the lard & tallow segment is projected to exhibit a significant growth rate during the review period.
Based on the source, the global cooking oils & fats market has been segmented into plant and animals. The plant segment accounted for 73.00% in 2018, and it is projected to register a CAGR of 1.63% during the forecast period. The most commonly used plant sources for the production of oils and fats are coconut, olive, palm, peanut, sesame, soybean, and sunflower. In recent years, the demand for rice bran oil has also witnessed an exponential boost due to increasing health awareness among consumers. However, the animals segment is projected to witness the highest growth rate of 2.13% during the forecast period.
Based on application, the global cooking oils & fats market has been classified as bakery & confectionery, convenience foods, sauces, spreads & dressings, and others. The bakery & confectionery segment has accounted for the largest market share of 35.44% in 2018, and it is projected to be valued at USD 25,278.66 Million by the end of 2024 and register a CAGR of 0.94% during the forecast period. However, the sauces, spreads & dressings segment is projected to witness the highest growth rate of 2.26% during the forecast period.
Access Report Details @ https://www.marketresearchfuture.com/reports/cooking-oils-fats-market-8076
Regional Analysis
Geographically, the global cooking oils & fats market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW). As per the MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2018. Moreover, Asia-Pacific is expected to register the highest CAGR of 2.54% during the assessment period. The European market accounted for the second-largest market share in 2018. The market in Europe is estimated to reach USD 17,556.22 Million by the end of 2024, with Germany being the leading domestic market.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cooking Oils & Fats Market 2020: Size, Share, Increasing Demand, Production and Consumption Analysis, Recent Trend, Future Growth, Business Prospects and Forecast to 2024 here
News-ID: 1928847 • Views: …
More Releases from Market Research Future
Ophthalmic Topical Therapeutics Market | Global Market Analysis Report - 2035
Ophthalmic Topical Therapeutics: Advancing Eye Care Through Targeted Treatment
Ophthalmic topical therapeutics have become a cornerstone in modern eye care, offering precise, localized treatment for a wide range of ocular conditions. Unlike systemic medications, which circulate throughout the body and may produce unintended side effects, topical therapies deliver active compounds directly to the eye, ensuring higher efficacy and a faster onset of action. This localized approach not only improves treatment outcomes…
Mental Health Apps Market Share, Size, Growth and Forecast to 2035
Mental Health Apps: Transforming the Way We Care for Our Minds
In recent years, mental health has gained increasing recognition as an essential component of overall well-being. Despite growing awareness, many individuals still face barriers to accessing mental health support, including stigma, cost, and geographic limitations. Mental health apps have emerged as a transformative solution, leveraging technology to provide accessible, personalized, and convenient mental health care for millions worldwide.
The Rise of…
Surgical Gloves Market Size, Share, Growth | CAGR of 4.95%
Surgical Gloves: A Critical Component of Modern Healthcare
Surgical gloves have become an indispensable element in modern healthcare, serving as a first line of defense against contamination, infection, and disease transmission. These gloves are not just protective gear-they are a symbol of safety, hygiene, and precision in medical practice. Their significance spans from routine hospital procedures to complex surgical interventions, highlighting their essential role in patient care and medical safety protocols.
The…
Asia Pacific CRO Market Size, Share & Growth Report by 2035
Asia Pacific CRO Market: Driving Innovation and Transformation in the Clinical Research Landscape
The Asia Pacific Contract Research Organization (CRO) market has been witnessing significant growth over the past decade, emerging as a pivotal hub for clinical research and drug development. With a growing population, increasing prevalence of chronic diseases, and rising investments in healthcare infrastructure, the region has become an attractive destination for pharmaceutical and biotechnology companies seeking cost-effective and…
More Releases for Cooking
Cooking UP Change
FOR IMMEDIATE RELEASE
HR-4U.org and RayodeSol.org Announce Collaboration Celebration Event in NYC
New York, NY - HR-4U.org and RayodeSol.org are thrilled to announce a special collaboration celebration event on Saturday, March 29th, from 5:00 PM to 8:00 PM in New York City. This event will feature Wall Street Journal best-selling author Chris Schembra and will mark the beginning of an exciting project to build a Transformation KitchenTM️in Matagalpa, Nicaragua.
The Transformation Kitchen aims…
Cooking Spray Market Size And Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Cooking Spray Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
The Cooking Spray Market is experiencing significant growth, driven by increasing consumer awareness of healthy cooking practices and the convenience offered by cooking sprays. These…
Cooking Up Success: A Deep Dive into the Booming Large Cooking Appliance Market
The large cooking appliance market size has grown strongly in recent years. It will grow from $32.47 billion in 2023 to $34.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to shifting consumer lifestyles, design and aesthetics, consumer health awareness, urbanization and space constraints, product customization and personalization.
The large cooking appliance market size is expected…
Cooking without Fire Contest - 2023
Mahendra Next Wealth Conducted Cooking without fire Event. It can be a great activity for employees in the office for a number of reasons.
It's a fun and engaging way to get to know your colleagues better. When you're working together to create a meal, you're forced to communicate and collaborate. This can help to build relationships and create a sense of community in the workplace.
https://mnw.co.in/2023/09/05/cooking-without-fire-contest-2023/
Mahendra Next Wealth IT India Pvt.…
Multifunctional Cooking Machine Market Redefining Convenience and Cooking Effici …
Infinity Business Insights shares report on "Multifunctional Cooking Machine Market" which provides the company profile, product specifications, capacity, production value, and market shares for each company. The report will assist reader with better understanding and decision making.
In 2022, the Multifunctional Cooking Machine Market reached a size of USD 641.1 million. The market is also anticipated to grow at a compound annual growth rate (CAGR) of 13.77% from 2023 to 2030,…
What’s Cooking at Farrell Building Company?
Bridgehampton, NY -- Farrell Building Company, which has a long history of supporting local Hamptons causes, will once again be a presenting and platinum sponsor of three events benefiting East End charities as part of the Dan’s Papers “Taste of Summer” event series. This year, for the first time, Farrell will also be sponsoring Dan’s Papers’ new event, ClambakeMTK at Gurney’s Montauk.
At GrillHampton and Taste of Two Forks, Farrell will…
