Edible Oil & Fats Market Analysis Report By Product, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global edible oil & fats market size was USD 97.32 billion, in 2018 and it is expected to grow CAGR of 7.6%, during the forecast period, 2019 to 2025. Edible Oil & Fats is expected to see a high growth, owing to the growing importance of vegetable oils, which reduces the threat of cardiac diseases along with reducing the chances of breast cancer. This is expected to drive the demand for the market. Besides, the rising demand for omega-3 as a dietary constituent in the nourishment industry and its added benefits is anticipated to give traction to various oil ingredients such as flax seeds, canola, and soybean.

Cooking oil producers like Cargill, Inc., and Unilever PLC have been intensifying their investments in the advancement of the products, which contain low cholesterol substances. Moreover, fluctuating diet intakes along with frenzied lifestyles among young working-class consumers are anticipated to alter the preferences of the customer and expected to drive the demand for coconut oil and sunflower oil for cooking. Further, Coconut oil could be a healthy source of greasy corrosive, which is insusceptibility against pathogens and bacteria. Although olive oil contains ingredients that normalize the high-density lipoprotein (HDL) to low-density lipoprotein (LDL) proportion of cholesterol, this improves blood circulation.

Growing issues over the destructive effects including the high threat of brain stroke, type 2 diabetes, and coronary heart disease, owing to high trans-fats consumption are expected to uphold the consumption of vegetable oil as cooking substitutes. Besides, fit-to-be-eaten oils find utility as an excellent flavoring agent due to the affiliation of the distinguished aroma of peanut or groundnut oil.

A growing number of restaurants and hotel chains in developing countries like India and China account for strong government policies intended to improve the city infrastructure is anticipated to boost the utility of consumable oils. Additionally, changing the inclination of consumers who fall in the middle-class income groups in several countries including UAE and Saudi Arabia to prefer going out for dinner during the weekends is anticipated to create new opportunities for the foodservice industry in the coming years.

Product Type Insights

Eatable oils accounted for revenue of USD 70 billion, in 2018. Among oil items, sunflower oil held a 30% share of worldwide advertise share within the same year. Further, the growing significance of the item as it includes various dietary constituents such as selenium, magnesium, and phytosterols, and vitamin E in the food & beverage industry is anticipated to fuel the demand for edible oil and fats market. Additionally, the rising inclination of customers towards sunflower oils as an immune booster will create lots of opportunities for the manufacturers.

The soybean oils segment is anticipated to predict the speediest CAGR of 8.3%, from, 2018 to 2025, credited to expanding the infiltration of soy as it contains nutritious ingredients such as vitamin E, vitamin K, and omega-6. Moreover, low immersed fat esteem and no trans-fat nature of soy are predicted to fuel the demand for the nourishment industry.

Distribution Channel Insights

Offline channels have generated an income of USD 50 billion, in 2018. Consumable oils are mainly sold through general stores and supermarkets & hypermarkets. Carrefour, Fight, Dependence Shop, and Walmart, are among a few of the key retail players. The income generated through online channels is anticipated to witness significant growth with a CAGR of 8.0% during the forecast period, 2018 to 2025, this growth is attributed to the expanding implication of e-commerce players, as the key offering source among buyers on an account of uncommon value-added administrations like coupons and cash-on-delivery benefits. 

Regional Insights

Based on the region, the market is divided into North America, Asia Pacific, Europe, Middle East, and Africa, and Central and South America. The Asia Pacific holds the largest market share and is expected to retain the dominant position over the forecast years, due to high potential growth opportunities in the developing countries, like Hong Kong India, and China. 

Asia Pacific region has captured more than 30% of the global market share, in 2018. The region is anticipated to witness significant growth, owing to increasing population, disposable income, and urbanization in developing countries such as Bangladesh, India, and China. Additionally, rising demand for low-calorie substance oil among middle-class consumers will positively impact the market.

The European market is anticipated to reach USD 25 billion, by 2025. The rising consumption of fruits, nuts, vegetables, whole grains, and beans in developed countries such as Italy, France, and Spain is anticipated to increase the requirement for specialized oils which include olive oil.

Edible Oil & Fats Market Share Insights

The key players in the edible oils and fats market are Cargill, Wilmar International, International Foodstuff Company Holdings Limited, and Archer Daniels Midland Company. These leading players are outspreading their geographical presence and trying to capture the largest market share. Rising mergers & acquisitions, collaboration, and partnerships with the buyers to make innovative products are anticipated to fuel the demand for the market. The solid decent footing of oilseeds agriculturists within the developing nations like Indonesia India and China will play a vital role while producing the product. Moreover, it will reduce the cost of production by improving the supply chain process. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Million Insights has segmented the global edible oil & fats market report based on product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Edible Oil
        • Soybean
        • Sunflower
        • Olive
        • Coconut
        • Other
    • Edible Fat

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • India
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa
        • U.A.E.