Cooking Oils and Fats Market Research Report by Size, Share, Global Demand, Industry Trends and Forecast to 2024

14/nov/2019 13:38:21 suraj taur Contatta l'autore

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Market Highlights

Global Cooking Oils & Fats Market is estimated to be valued at USD 74,865.82 Million by 2024 and is expected to register a CAGR of 1.77% during the forecast period. The global cooking oils and fats market is expected to register a prominent growth during the forecast period. Increasing consumption of oils and fats in the foodservice industry, rising global population, and increasing demand for bakery & confectionery, and processed & convenience foods are expected to boost the market growth.

However, increasing health concerns and stringent legislation for cooking oils and fats are hampering the growth of the market. Increasing investment in R&D along with technological advancements offer opportunities for market growth while the major challenge faced by manufacturers of cooking oils and fats is the fluctuating prices of raw materials in the global market.

Key Findings of the Study

The global Cooking Oils & Fats Market is projected to reach USD 74,865.82 Million by 2024 at a 77% CAGR during the review period of 2019 to 2024.

Asia-Pacific accounted for the largest market share in 2018, with China being the major contributor to the growth of the regional market.

The plant segment is projected to dominate the global cooking oils & fats market, by source, during the forecast

The bakery & confectionery segment accounted for the global cooking oils & fats market, by application in 2018 and, it is estimated to retain its dominance throughout the forecast period.

Market Players

Market Research Future recognizes

  • Bunge Limited (US),
  • Associated British Foods PLC (UK),
  • Conagra Brands, Inc. (the US),
  • Archer Daniels Midland Company (US),
  • United Plantations Berhad (Malaysia),
  • IFFCO (UAE), AAK AB (Sweden),
  • Cargill, Incorporated (US),
  • James Richardson & Sons, Limited (Canada)
  • Wilmar International Ltd (Singapore)

Segmental Analysis

The global cooking oils & fats market has been segmented on the basis of type, source, application, and region.

By type, the market has been divided into oils and fats. The oils segment is estimated to retain its dominance throughout the forecast period of 2019 to 2024. The oils segment is projected to be valued at USD 49,145.87 Million by the end of 2024. The oils segment has been further divided into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, and others.

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Regional Analysis

Geographically, the global cooking oils & fats market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW). As per the MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2018.

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