Cooking oil is obtained primarily from plants that are used in baking frying and other types of cooking. It can also be in flavorings that do not involve heating directly, such as for dressing, etc. With the increase in lifestyle ailments such as diabetes, high cholesterol, and obesity, health and fitness has gained the focus of attention among individuals. They are becoming more aware of regarding use of the appropriate quantity of cooking oils. Due to this fact, manufacturers have been producing cooking oils with less fatty matter and high nutrient value. Growing incidences of cardiovascular diseases across the globe have caused people to consume healthy cooking oils. This is likely to impact the growth of the cooking oil market during the assessment period.
MARKET DYNAMICS
The demand and sale of cooking oil across various regions in the globe have been significantly increasing since the past several years. The latest trend which is observed in the global cooking oil market is that key players are adopting new manufacturing technology to increase the production of edible oils such as cold pressing.
The cooking oil market is driven by factors such as robust demand for organic health-based products, and an increase in the consumption of high-quality edible oils/cooking oils, primarily among health-conscious consumers. There is an excellent opportunity for the cooking oil market in the Asia-Pacific region due to the enormous demand from the food sector, an increase in the number of health-conscious consumers, a growing population, changing living standards, and channel of distribution preferred by manufactures. Besides, governments in this region are supporting the development of healthy cooking oils, considering the increasing health disorders and chronic diseases.
MARKET SCOPE
The "Global Cooking Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the cooking oil market with detailed market segmentation by type and distribution channel. The global cooking oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cooking oil of market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cooking oil market is segmented based on type and distribution channel. Based on type, the global cooking oil market is segmented into palm oil, soybean oil, rapeseed oil (canola), sunflower oil, others. By distribution channel, the cooking oil market is classified into supermarkets/hypermarkets, online, convenience stores, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cooking oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cooking oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cooking oil market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cooking oil market in these regions.
MARKET PLAYERS
The reports cover vital developments in the cooking oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the cooking oil market are anticipated to lucrative growth opportunities in the future with the rising demand for cooking oil in the global market. Below mentioned is the list of few companies engaged in the cooking oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cooking oil market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Abbie's Food International Inc.
- Modi Naturals
- Richardson International Limited
- AAK
- Borges Agricultural & Industrial Edible Oils, S.A
- ACH Food Companies, Inc.
- ADM
- Avena Nordic Grain Oy
- Adani Group
- Marico Limited
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.