Cooking Oils & Fats Market to boost its value to USD 65,260 Million by 2022

Global cooking oils and fats market size accounted for $60,399 million in the year 2015, and 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.

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. The global cooking oils and fats market is segmented on the basis of product type and geography. Based on product type, the cooking oils and fats market is segmented into vegetable & seed oils, spreadable oils & fats, butter, margarine, olive oil, and other oils & fats. Based on geography, the global cooking oils and fats market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Furthermore, the cooking oils and fats market covers the strategies adopted by key market players to sustain stiff competition and increase their market shares.

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High cost of raw materials for cooking oils and fats products and adverse effects due to excess consumption of oils and fats are some of the restraints for the growth of the cooking oils and fats market. Market players intend to launch healthier cooking oils and fats to cater to the high demand from health-conscious consumers.

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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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.

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