Edible Oils and Fats Market could be worth US$ 52,920.00 billion by 2030, Says Premium Market Insights

Edible Oils and Fats Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type [Oil (Soybean Oil, Sunflower Oil, Palm Oil, Canola Oil/Rapeseed Oil, and Others) and Fats (Butter, Margarine, Palm Oil Based Shortening, and Vegetable Oil Based Shortening, and Others)] and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, RTE and RTC Meals, Snacks, and Others), Animal Nutrition, and Pharmaceuticals and Nutraceuticals] The edible oils and fats market is expected to grow from US$ 52,920.00 million in 2022 to US$ 78,686.61 million by 2030; it is expected to record a CAGR of 5.1% from 2023 to 2030.

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Competitive Landscape: Protective Cultures Market:
Consumers consider plant-based products healthier than conventional products. Rising health consciousness among consumers propels the demand for plant-based and low-fat products. Thus, manufacturers develop plant-based shortenings and low-fat oils to cater to the rising demand. Plant-based shortenings are non-hydrogenated and do not contain cholesterol and trans-fat. Thus, it is considered a healthier alternative to conventional shortenings. Moreover, the increasing prevalence of cardiovascular diseases, obesity, and diabetes over the years is expected to boost the demand for low-fat products such as low-fat oils among various industries, including bakery & confectioneries, dairy & frozen desserts, and snacking.

Rising awareness regarding animal protection and environmental sustainability creates the popularity of plant-based products. As per the data published by "Veganuary" (a nonprofit organization encouraging people to go vegan for the whole month of January) in 2021, ~5.8 million people registered for the "Veganuary Campaign." Thus, owing to the rising inclination toward veganism, growing demand for plant-based shortening and low-fat oils among various end-use industries is expected to create lucrative opportunities in the edible oils and fats market during the forecast period.

Bunge Ltd
Archer-Daniels-Midland Co
Fuji Oil Co Ltd
Kao Corp
AAK AB
J-Oil Mills Inc
Cargill Inc
Olam Group Ltd
ConnOils LLC
Louis Dreyfus Co BV


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Chapter Details of Protective Cultures Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Protective Cultures Market Landscape
Part 04: Protective Cultures Market Sizing
Part 05: Protective Cultures Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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This release was published on openPR.