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PHO Oils Market to Reach Valuation of US$ 45 MN in Philippines By 2031 | | Bunge Limited, Archer-Daniels-Midland Company, Cargill, Incorporated, AAK AB, Ventura Foods, Apical Group Ltd, Wilmar International Ltd
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Philippines PHO Oils Market: Overview
The PHO oils market value in the Philippines is estimated to be US$ 87.1 Mn in 2021, finds Transparency Market Research (TMR) in a recent study. According to the report, the market in the Philippines is expected to reach US$ 45 Mn by 2030, at a CAGR of -6.3%. With changing preferences of consumers regarding food products, the PHO oils market is expected to witness a negative impact during the forecast period.
Consumers are inclining toward healthy food and ingredients, which have health benefits. With increasing complexities in consumer dynamics, owing to professional and personal commitments, along with stressful lifestyles, consumers are seeking healthy food products that are trans-fat-free and contain essential nutrients. Thus, all these factors are projected to restrain the growth of the PHO oils market in the Philippines.
PHO oils are widely used in food products and baked goods such as pies, cakes, frozen pizza, cookies, crackers, and margarine and butter-like spreads. The increasing use of PHO oils in food products is significantly contributing to the growth of the PHO oils market.
With rising health consciousness among consumers, manufacturers are focusing on the development of innovative food products, which contain the minimum amount of trans-fat or trans-fat-free products. Increasing awareness regarding health concerns associated with PHO oils has negatively impacted the growth of the market in the Philippines market.
Based on type, the soy oil segment is expected to hold a major value share, which is more than 50% of the total Philippines PHO oils market
Philippines PHO Oils Market – Scope of the Report
Transparency Market Research (TMR) has recently published a market study on the PHO oils market. It provides a detailed assessment of key market dynamics, including drivers, trends, opportunities & restraints, and detailed information about the PHO oils market structure. The market study presents exclusive information about how the PHO oils market will grow during the forecast period of 2021-2031.
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Key indicators of market growth, which include year-on-year (Y-o-Y) growth of the market, value chain, supply chain analysis, and compounded annual growth rate (CAGR) are elaborated in the study in a comprehensive manner. This information is intended to help readers understand the quantitative growth prospects of the PHO oils market during the forecast period.
The study is intended to offer a holistic market overview to stakeholders in the PHO oils market, including manufacturers, suppliers, distributors, cultivators, brands and investors, and to help them develop winning growth strategies. Stakeholders in the PHO oils market, which include investors, industry experts, researchers, and journalists, and business researchers can leverage the information and data presented in TMR’s study.
The study also includes statistics and facts related to the macro as well as microeconomic factors that are impacting expansion of the market. It also offers actionable insights into the future trends in the PHO oils market. Furthermore, small businesses and new entrants in the PHO oils market can make use of the information presented in this study based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Questions Answered in TMR’s Philippines PHO Oils Market Report
Which region will continue to remain the most profitable regional market for PHO oils market players?
Which factors will induce a change in the demand for PHO oils during the assessment period?
How will the changing trends impact the PHO oils market?
How can market players capitalize on the low-hanging opportunities in the PHO oils market in regions?
Which companies are leading the PHO oils market?
What are the winning strategies of stakeholders in the PHO Oils market to catapult their position in the forefront?
Philippines PHO Oils Market – Research Methodology
In this study, a unique research methodology is used to conduct extensive research on the growth of the PHO oils market and identify future growth parameters. This research methodology is a combination of primary and secondary research, to help analysts ensure the accuracy and reliability of the conclusions.
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Secondary sources referred to by analysts for compiling the PHO oils market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary source.
Information acquired from primary resources and secondary resources is compiled in a comprehensive manner. This also acts as a validation from companies in the PHO oils market, which makes TMR’s projections more accurate and reliable.
Keywords
PHO Oils Market
PHO Oils Market Share
Demand for PHO Oils
Sales of PHO Oils
PHO Oils Sales Demand
PHO Oils Market Forecast
PHO Oils Sales Forecast
PHO Oils Demand forecast
US PHO Oils Market
Canada PHO Oils Market
Europe PHO Oils Market
Middle East PHO Oils market
Companies Mentioned
Bunge Limited
Archer-Daniels-Midland Company
Cargill, Incorporated
AAK AB
Ventura Foods
Apical Group Ltd
Wilmar International Ltd
Intercontinental specialty fats sdn. Bhd
Oleo-Fats Inc.
IOI Corporation Berhad
Countries Covered
Philippines
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