Fats and Oil Market Analysis, Overview by Key Finding, Scope, Top Impacting Factors, Investment Pockets and Drivers Forecast To 2024
According To New Research The Fats and Oils Market accounted to 16.32 million metric tons in 2016 growing at a CAGR of 4.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The Fats and Oils Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fats and oils market for global, Europe, North America, Asia Pacific and South America.
Fats and oils are commonly used as an ingredient in food & beverages, oleo chemicals and animal feed. The rising demand of biodiesel has resulted in increased consumption of fats.
Major market drivers and restraints:
• Rising demand of edible oil/cooking oil
• Increased consumption of bakery & confectionery products
• Growth in the biodiesel market
• Health concerns related to excessive consumption of fats & oils
• Regulatory framework
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Some of the major players operating in fats and oils market are:-
• Associated British Foods PLC,
• Archer Daniels Midland Company,
• Bunge Limited,
• Wilmar International Limited,
• International Foodstuff Company Holdings Limited,
• Unilever PLC,
• United Plantations Berhad,
• Ajinomoto Co., Inc.
• Conagra Foods Inc.,
• Fuji Oil,
• Richardson Oilseed Ltd,
• Adams Group,
• Omani Vegetable Oils & Derivatives Co.,
• Aak Kamani Private Limited,
• among others.
• By type:- Vegetable oils and fats. The vegetable oil segment is sub-segmented into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, others. The fats segment is sub-segmented into butter & margarine, lard, tallow & grease, others.
• By source:- the fats and oils market is segmented into vegetable and animals.
• On the basis of form:- the fats and oils market is segmented into liquid and solid.
• By application:- the fats and oils market is segmented into food and industrial. The food segment is sub-segmented into bakery & confectionery and processed foods. The industrial segment is sub-segmented into biodiesel, oleochemicals, animal feed and others.
• On the basis of geography:- fats and oils market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
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