Edible oil also known as cooking oil is the fat of plant, animal and microbial origin. It is liquid at room temperature and s highly suitable for use in food. The edible oil is refined before consumption so that its taste is sensorial neutral. The edible oils consist of about 96% of triacylglycerides and is composed of different fatty acids. These oils become rancid on storage and its flavor depends upon the fatty acid composition. The producers of edible oil focus on increasing the shelf life of edible oils by using different techniques along with the addition of antioxidants.
MARKET DYNAMICS
The rise in popularity of unrefined, unprocessed and organic oil drives the growth of the edible oil market. Besides this, improvement in retail networks and growing economies also drive the market growth. However, lack in supply of edible oil with respect to its demand restricts the fruitful development of the edible oil market. The adoption of advanced processing techniques by the manufacturers for the production of healthier and affordable edible oils is expected to boost the growth of edible oil market in the near future.
MARKET SCOPE
The "Global Edible Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the edible oil market with detailed market segmentation by form, application and geography. The global edible oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading edible oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global edible oil market is segmented on the basis of nature, product type, application and distribution channel. On the basis of nature, the edible oil market is segmented into organic and conventional. The edible oil market on the basis of product type is broken into palm oil, soybean oil, sunflower oil, olive oil, corn oil, rapeseed oil and others. As per application the market is broken into food & beverages, cosmetics, pharmaceutical, dietary supplements and others. As per distribution channel the edible oil market is bifurcated into supermarkets & hypermarkets, specialty stores, online and 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 edible oil market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The edible 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 edible oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 edible oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the edible 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from edible oil market are anticipated to lucrative growth opportunities in the future with the rising demand for edible oil market in the global market. Below mentioned is the list of few companies engaged in the edible oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ach Food Companies Inc.
- Adani Group
- Archer Daniels Midland Company
- Aveno NV
- Bunge Alimentos Sa
- Cargill, Incorporated
- Conagra Brands, Inc.
- Fuji Vegetable Oil, Inc.
- Marico Limited
- Ruchi Soya
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.