Global
Edible Oil Market: Overview
The
global edible oil market is anticipated to witness a substantial
growth owing to increasing popularity of unrefined, unprocessed,
healthy, and organic oil. In the coming years, vegetable oils with
low cholesterol, fat, and calories are likely to gain high response
due to growing health awareness among people across the world. In
addition, major improvement in retail network, increasing crop
yields, oil production, and growing economies are some of the
prominent factors supporting the growth of the global
edible oil market. Furthermore, growing popularity of canola
oil, trans-fat free soybean oil, and emerging preference for olive
oil will drive the global market for edible oil.
The
report offers a comprehensive overview of the global edible oil
market covering all the major factors such drivers, restraints and
trends influencing the nature of the market. It also features
profiles of the leading players present in the market along with
details such as company overview, business strategies, trends
adopted, and recent developments in the respective field.
Global
Edible Oil Market: Drivers and Restraints
The
retail segment is expected to drive the sales of edible oils on
account of strong supply chain of chain of edible oil products and
established chain of retail outlets. Vegetable oil consumption has
increased in developing countries due to increasing demand from
growing population, surging retail sector, and rise in overall
household income. Additionally, manufacturers of edible oils are
adopting advanced processing technique to offer healthier and
affordable oil. However, they lack in the production of edible oil in
comparison with incoming demand.
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Global
Edible Oil Market: Segmentation
The
market for edible oil can be segmented on the basis of type,
end-users, and geography. In terms of type, the market can be
classified into palm oil, canola oil, olive oil, sunflower oil,
specialty blended oil, and corn oil. Increasing consumption of fried
foods has significantly increased the demand for edible oils. Based
on end-users, the marker for edible oil can be divided into food
processor, food service, and retail. Improving living standards,
changing dietary habits, and increasing consumer preference for
healthy edible oil supporting the growth of the global edible oil
market.
Geographically,
the market for edible oil can segments into different regions such as
Europe, the Middle East and Africa, Latin America, North America, and
Asia Pacific. Developing countries such China and India are the major
market for edible oil. China is one of the leading consumer of edible
oil across the world followed by Europe.
Global
Edible Oil Market: Competitive Landscape
Some
of the key players operating in the global edible oil market include
Archer Daniels Midland Company, Beidahuang Group, Ruchi Soya, Ach
Food Companies Inc., Bunge Alimentos Sa, and Adani Group.
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