Press release
Cooking Oil Market Predicted to Generate a Revenue of $2,56,200 Billion at a CAGR of 5.5% during the Analysis Period, 2021-2028
Cooking Oil Market
Global cooking oil market is expected to experience significant growth during the forecast period. Palm oil and residential sub-segments are estimated to be the most profitable sub-segments. Asia-pacific is expected to lead the market.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/4639
Regional Outlook
The Asia-Pacific regional market is predicted to generate a revenue of $1,27,587.6 billion, growing at a CAGR of 5.9% during the analysis period. The Asian countries, especially India is a regular consumer of cooking oil as the cuisine of the country is rich in spices and vegetables cooked with oil. This factor has increased the demand of the cooking oil in the regional countries.
Major Segment Highlights
The report has divided the global cooking oil market into different segments based on type, end-user, distribution channel, and region.
Type: The palm oil sub-category is estimated to reach a revenue of $93,767.5 billion during the analysis period. The main attributor of this growth is the benefits of palm oil including its low cost and health benefits.
End-User: The residential sub-category is predicted to garner the highest revenue of $1,16,859.5 billion by the end of 2028. Increasing popularity and adoption of branded cooking oil for household usage are a few of the main factors enhancing the sub-segment growth.
Distribution Channel: The hypermarket or supermarket sub-segment is expected to lead the market with a revenue of $78,115.8 billion during the forecast period, rising from $49,900.6 billion in 2020. Supermarkets are loved by people as they offer variety of choices and good discounts. These are the main factors influencing the growth of the market sub-segment.
Dynamics of the Market
Drivers: The working people of urban areas get less time for preparing food from scratch because of their busy schedule. Hence, they rely on processed food which can be prepared instantly with the help of flavorful cooking oil. This is the main factor accelerating the growth of the global cooking oil market.
Restraints: The main restraining factor behind the growth of the market is expected to be the harmful ingredients or components of refined cooking oils.
Opportunity: Rising popularity of cooking oils such as avocado oil, olive oil, vegetable oil, palm oil, and others are expected to create many opportunities for the market during the forecast period.
Impact Analysis of COVID-19
The Covid-19 pandemic has impacted the global economy in a drastic way. It has wreaked havoc by shutting down and bankrupting industries. However, the frontline industries such as healthcare, food & beverages, and other essential services industries are experiencing a boom during the pandemic. Global cooking oil industry falls under the "essential" category and thus it has witnessed a moderate hit of the pandemic. The leading players of the market are focusing on strategic development to sustain the growth of the market till the end of the pandemic.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/4639
Key Market Players and Strategies
The most significant players of the global cooking oil market include Louis Dreyfus Company, Sime Darby Plantation, Olam International Limited, Bunge Limited., Archer Daniels Midland Company, George Weston Foods Limited, Cargill, SIFCA SA., Kaneka Corporation, and Nutiva among others.
These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.
Related Reports :
Starch Recovery Systems Market: https://www.researchdive.com/4337/starch-recovery-systems-market
Flavor Systems Market: https://www.researchdive.com/4345/flavor-systems-market
Antifreeze Proteins Market: https://www.researchdive.com/4356/antifreeze-proteins-market
๐๐จ๐ง๐ญ๐๐๐ญ:
๐๐ซ. ๐๐๐ก๐ข๐ฌ๐ก๐๐ค ๐๐๐ฅ๐ข๐ฐ๐๐ฅ
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐
๐๐ ๐๐๐ฅ๐ฅ ๐๐ญ. ๐๐ญ๐ก ๐ ๐ฅ๐จ๐จ๐ซ, ๐๐๐ฐ ๐๐จ๐ซ๐ค ๐๐ ๐๐๐๐๐
(๐) +๐๐-(๐๐๐)-๐๐๐-๐๐๐๐ (๐๐ง๐๐ข๐)
๐๐จ๐ฅ๐ฅ ๐ ๐ซ๐๐: ๐-๐๐๐-๐๐๐-๐๐๐๐
๐-๐ฆ๐๐ข๐ฅ: support@researchdive.com
๐๐๐๐ฌ๐ข๐ญ๐: https://www.researchdive.com
๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐:
Research Dive maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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 Oil Market Predicted to Generate a Revenue of $2,56,200 Billion at a CAGR of 5.5% during the Analysis Period, 2021-2028 here
News-ID: 3592074 • Views: โฆ
More Releases from Research Dive
Electronic Data Management Market Expected to Rise Progressively by 2031 Due to โฆ
The global electronic data management market is expected to witness significant growth by 2031, owing to the rising applications of electronic data management in the industrial sector. The North America region was the most dominant in 2021.
As per the report published by Research Dive, the global electronic data management market is projected to garner a revenue of $19,289.5 million and rise at a stunning CAGR of 12.2 % duringโฆ
Gastric Cancer Market Predicted to Make a Strong Comeback after the Pandemic Deb โฆ
The global gastric cancer market is predicted to observe significant growth by 2031, owing to the increasing pervasiveness of gastric cancer among people worldwide. The Asia-Pacific region generated the highest market share in 2021.
As per the report published by Research Dive, the global gastric cancer market is envisioned to garner a revenue of $10,737.00 million and grow at a fascinating CAGR of 17.9% over the estimated timeframe fromโฆ
Off Grid Solar Market to Exhibit 12.3% CAGR and Generate $5,825.80 Million by 20 โฆ
As per the report published by Research Dive, the global off grid solar market is predicted to generate a revenue of $5,825.80 million and grow at a stunning CAGR of 12.3% during the analysis timeframe from 2022 to 2031.
The global off grid solar market is predicted to witness prominent growth by 2031, owing to the increasing demand for electricity independence across the globe. The Asia-Pacific region garneredโฆ
Roofing Materials Market to Garner a Revenue of $186.7 Billion and Exhibit a 4.3 โฆ
As per the report published by Research Dive, the global roofing materials market is expected to register a revenue of $186.7 billion by 2031, at a CAGR of 4.3% during the forecast period 2022-2031.
The global roofing materials market is expected to grow primarily due to the growing need for waterproofing roofing materials. Re-roofing sub-segment is expected to flourish immensely. The Asia-Pacific region is predicted to grow at a highโฆ
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 KitchenTM๏ธin Matagalpa, Nicaragua.
The Transformation Kitchen aimsโฆ
Cooking Spray Market Size And Forecast
๐๐๐, ๐๐๐ฐ ๐๐๐ซ๐ฌ๐๐ฒ- 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. Theseโฆ
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 expectedโฆ
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.โฆ
Multifunctional Cooking Machine Market Redefining Convenience and Cooking Effici โฆ
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,โฆ
Whatโs 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 Danโs Papers โTaste of Summerโ event series. This year, for the first time, Farrell will also be sponsoring Danโs Papersโ new event, ClambakeMTK at Gurneyโs Montauk.
At GrillHampton and Taste of Two Forks, Farrell willโฆ
