Global Fats and Oils Market Led by Asia Pacific due to Rising Demand from F&B, Personal Care, Transportation Sectors, says TMR

Transparency Market Research (TMR) announces a new report on the global fats and oils market. The report assesses the growth dynamics of the global fats and oils market by analyzing the historical trajectory exhibited by the market as well as key drivers of future growth. Leading factors having an effect on the global fats and oils market, either positive or negative, are studied in the report. The geographical and competitive dynamics of the global fats and oils market are also examined in the report, titled ‘Fats & Oils Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.’

Fats and oils are an essential part of the human diet, as they serve several vital purposes in the body. Maintenance of vital bodily systems such as the nervous system is dependent on fats and oils, while skin health is also enhanced by fats and oils. Rising awareness about such benefits is likely to remain the key driver for the global fats and oils market in the coming years. The growth of a consumer demographic with enough awareness as well as disposable income is thus likely to remain a determinant factor for the global fats and oils market, as many advanced personal care formulations can be too expensive for the average buyer. The growth of urban centers as a sustainable demand avenue for the personal care industry is thus a key factor for the global fats and oils market.

Rising animal consumption across the world is also likely to remain a key driver for the global fats and oils market in the coming years. Despite the growing popularity of vegetarianism and veganism, the traditional consumer base of meat products has remained largely unchanged and is likely to remain a vital nexus for a slew of industries in the coming years, with the fats and oils market likely to benefit significantly.

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The divided opinion about the health effects of fats and oils has been a key factor shaping the trajectory of the global fats and oils market. While some dietary regimens value fats and oils highly, most conventional formulae recommend staying away from fats, as excess consumption can lead to cardiovascular problems. Growing demand for fat-centric diets could thus be a key driver for the global fats and oils market in the coming years, particularly in developed regions.

Apart from dietary applications, the fats and oils market has also benefited significantly from the steady growth of the biodiesel sector in recent years. Rising awareness about the environmental benefits of widespread use of biodiesel has led to growing government support to the sector in many countries, and is likely to remain a key factor for the global fats and oils market in the coming years. Rapid growth of the transportation sector in Asia Pacific is thus key for the global fats and oils market; the region is also likely to exhibit growing demand for fats and oils in personal care and dietary applications in the coming years, making it the leading regional contributor to the global fats and oils market.

The report profiles leading players in the global fats and oils market in order to shed light on the competitive dynamics of the market. Companies examined in the report include Cargill Inc., Unilever Plc, Archer Daniels Midland Company, International Foodstuff Company Holdings Ltd., Wilmar International Ltd., Ajinomoto Co. Inc., Associated British Foods Plc, Bunge Ltd., and United Plantations Berhad.