1. Market Research
  2. > Food
  3. > Processed Food Market Trends
Fats & Oils Market by Type, Application, Source, Form And Region - Global Forecast to 2026

Fats & Oils Market by Type, Application, Source, Form And Region - Global Forecast to 2026

  • August 2021
  • 327 pages
  • ID: 4176352
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside



The global market for fats and oils is estimated at USD 236.7 billion in 2021; it is projected to grow at a CAGR of 3.8% to reach USD 285.2 billion by 2026.
Fats and oils form key primary materials and functional ingredients for the food and feed industries; they also find applications for industrial purposes.Fats and oils play a major role in the food industry due to their smooth, creamy, and rich texture and desirable flavor.

These attributes are vital and play an important role in terms of contributing towards market growth.Fats and oils have numerous applications such as butter, cooking oil, salad, animal feed, fatty acids, biodiesel, paints, personal care products, greases, and lubricants.

Further, the rising population, coupled with changes in lifestyles, leading to an increase in consumption of edible oils and processed foods, is driving the increase in the consumption of fats and oils.

The palm oil sub-segment is estimated to hold the largest market share in the by oil type segment for fats and oils market.

Players from many regions such as Middle East and South Asian countries are investing heavily to increase areas under palm tree plantations.Palm oil is the most important vegetable oil both in terms of production and market trading.

It has an extremely complex environmental and social footprint as it is produced only in equatorial regions. Thus their use is estimated to be the largest in the global markets.

By fat type, the butter and margarine sub-segment is estimated to account for the largest market share in fats and oils market.

Butter has been observed to facilitate many health benefits such as improve immunity, regulate hormones, protect vision, boost metabolism, increase brain function, reduce chances of heart disease and blood pressure, protects against cancer, acts as a powerful antioxidant, and protects against gastrointestinal issues and conditions.Further is made up of about 80% fat and 15% water.

While margarine are a popular butter replacer which are mainly derived from animal fats. Their use is highly rising in the processed foods sector due to which they are estimated to account for the highest market share in the fats type segment.

The vegetable sub-segment of the by source segment is projected to observe the fastest growth in fats and oils market over the forecast period.
Market demand for vegetable sourced fats and oils can be attributed to the rising attractiveness of healthy & fortified vegetable cooking oils.Increase in population and rising living standards, rising demand of food commodities, improved retail network, increase in crop yield and oil production, change in the composition of vegetable oil, fortification of oils, increase in consumer health concerns, and rising industrial applications such as personal care, cosmetics, agrochemicals, animal feed, and biodiesel, among others.

Further, the global rise in vegan population is a driving factor for vegetable fats and oils.

The liquid sub-segment of by form segment is projected to observe the fastest market growth in the fats and oils market during the forecast period.
The liquid form of fats and oils is highly preferred for storage, transport and trade purposes.However, the level of saturation of different oils and fats differs over a wide range of temperatures.

Certain oils such as oilec acid is liquid at temperatures considerably below room temperature, whereas elaidic acid is solid even at temperatures above room temperature. This the form of use largely depends on the form required as per the end use of the oil and fats respectively.

The food sub-segment of by application segment is projected to observe the fastest market growth in the fats and oils market during the forecast period.
The food sector finds a wide array of fats and oils into products such as chocolates & confectioneries, bakery products, processed foods, and dairy products.They confer desirable characteristics on several foods and contribute to tenderness to the shortened cake.

Also, by aerating batter, fats aid in establishing texture in cakes. Thus they are estimated to account for the larger market share compared to industrial applications.

Break-up of Primaries
• By Company Type: Tier 1 : 20% , Tier 2 : 50% , and Tier 3 : 30%
• By Designation: CXOs- 31%, Managers – 24%, Executives- 45%
• By Region: North America – 24%, Europe – 29%, Asia Pacific – 32%, South America- 12%, and Rest of the World (RoW) * – 3%.
* RoW includes Middle East and Africa.

Leading players profiled in this report
• Associated British Foods PLC (UK)
• Archer Daniels Midland Company (ADM) (US)
• Bunge Limited (US)
• Wilmar International Limited (Singapore)
• United Plantations Berhad (Malaysia)
• Unilever PLC (UK)
• Ajinomoto Co., Inc. (Japan)
• Mewah International Inc. (Singapore)
• Cargill, Incorporated (US)
• Richardson International Limited (Canada)
• International Foodstuff Company Limited (IFFCO) (UAE)
• Goodhope Asia Holdings Ltd. (Singapore)
• Vega Foods (Singapore)
• Welch, Holme & Clark Co., Inc. (US)
• Oleo Fats, Inc. (Philippines)
• CSM Ingredients (US)
• AAK International (UK)
• Fuji Oil Co., Ltd. (Japan)
• Gemini Edibles & Fats India Pvt. Ltd. (India)
• K S Oils (Singapore)

Research Coverage
This report segments the fats and oils market on the basis of type, application, form, source and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the Fats and oils market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

Reasons to buy this report
• To get a comprehensive overview of the fats and oils market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions, in which the fats and oils market is flourishing

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Europe Vegetable Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 3750
  • March 2021
  • 105 pages

The Europe vegetable oil market was valued at USD 29,220.6 million in 2020, and it is projected to witness a CAGR of 4.13% during the forecast period, 2021-2026. - The regional players are closely keeping ...

  • Europe
  • World
  • Edible Oil
  • Palm Oil
  • Industry analysis
  • Palm Oil Production
  • Soybean Production

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on