The
report is titled “Cooking Oils and Fats Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
According to the report, the global cooking oils and fats market in
terms of volume, is anticipated to grow from 21,204.5 kg million in
2014 to 22,333.1 kg million by 2021, exhibiting a 0.7% CAGR between
2015 and 2021. An overall increase in the usage of edible oil is
behind this growth. Based on the information provided in the report
regarding the challenges that new entrants face, the marketing
strategies implemented by leading companies in the market, and the
recent trends, an interested individual or enterprise can effectively
make smart decisions regarding investment in the market.
The
global
cooking oils and fats market is segmented on the basis of
region and product type. Based on region, the global cooking oils and
fats market is divided into Europe, North America, Asia Pacific, and
Rest of the World. In 2014, in terms of revenue, Rest of the World
dominated the global cooking oils and fats market. Increasing
disposable income and changing lifestyle trends are expected to
propel the Rest of the World cooking oils and fats market in the
years to come. The Rest of the World cooking oils and fats market is
predicted to expand at a 1.60% CAGR during the period from 2015 to
2021, a rate more than twice as much as that of the global market.
The Asia Pacific cooking oils and fats market is predicted to be the
second largest market in the coming few years.
Cooking
oils and fats are essential items in all kitchens and comprise an
important part of a healthy human diet. Dietary fats are vital for
humans. Polyunsaturated and monounsaturated fats are fats that help
in reducing the bad cholesterol level in the human body and saturated
fats help increase the level of good cholesterol in the human body.
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The
rising demand for cooking oils and fats from emerging markets such as
India, Indonesia, and Argentina is expected to push the market for
cooking oils and fats. The rising demand for high-quality edible oils
is positively affecting the demand for cooking oils and fats across
the globe. The rise in the consumption of processed foods and ready
to drink beverages is also driving the global cooking oils and fats
market. On the other hand, factors that restrain the market include
the rising cost of raw materials, which make market expansion
difficult, especially for new market players. Another major challenge
for the market is the rise in the prevalence of heart diseases, type
2 diabetes, and several other diseases due to the adverse effects of
consuming trans fats.
On
the basis of product type, the global cooking oils and fats market is
segmented into spreadable oil and fats, vegetable oil and seeds,
margarine, butter, olive oil, and cooking fats. Out of these,
vegetable oil and seeds accounted for a share of over 50% in the
global cooking oils and fats market. Regionally, the global market
for cooking oils and fats is segmented into North America, Europe,
Asia Pacific, and Rest of the World. Asia Pacific accounted for a
share of 35% in the global cooking oils and fats market in 2014,
followed by Europe. Growth of the cooking oils and fats market in
Asia Pacific can be attributed to the high demand from countries such
as India, China, Japan, Malaysia, and Indonesia.
Wilmar
International Ltd, Associated British Foods plc, Ajinomoto Co. Inc.,
Unilever plc, and CHS Inc. are some of the leading companies in the
global cooking oils and fats market.
The
global cooking oils and fats market is segmented as follows:
Product
- Vegetable and Seed Oil
- Spreadable Oils and Fats
- Butter
- Margarine
- Olive Oil
- Cooking Fats
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