Cooking Oils & Fats Market to Witness Steady Growth During the Forecast Period 2015-2021

Global Cooking Oil and Fats Market: Snapshot

Cooking oil is plant, animal, or synthetic fat that are used in frying, baking, and other purposes of cooking, while fats broadly refer to one of three main macronutrients, along with carbohydrates, and protein. Cooking oils and fats have been an integral part of foods across the globe for several decades and form an imperative part of a healthy diet. While saturated fats increase the cholesterol level in human body, monounsaturated and polyunsaturated fats lower the cholesterol levels considerably. Although dietary fat helps in circulating some essential vitamins and are essential for many body processes, some food and drinks contain exceeding number of only one nutrient, for example fried foods and soft drinks, which have significant amount of fat and sugar respectively.

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Owing to factors such as rising population across the globe, trends pertaining to packaged foods, increased disposable income among the urban population, availability of high quality cooking oils and fats, the global market for cooking oils and fats is expected for a progressive future. However, the rising awareness about the ill-effects of excessive intake of cooking oils and foods is hindering the growth rate. The market for cooking oils and fats was valued at US$59.8 bn in 2014, and rising at a CAGR of 0.7% during the forecast period of 2015 to 2021, the valuation is estimated to reach US$65.2 bn by 2021.

Rest of the World Serving Maximum Demand

Geographically, the global cooking oils and fats market is segmented into North America, Europe, Asia Pacific, and Rest of the World. In terms of revenue in 2014, the region of Rest of the World contributed the maximum demand, owing to factors such as increasing disposable income and changing lifestyle trends. The Rest of the World cooking oils and fats market is predicted to expand at rate more than twice as much as that of the global market, at a 1.60% CAGR during the period from 2015 to 2021. The Asia Pacific cooking oils and fats market is predicted to be the second largest market in the coming few years, owing to factors such as vast population and the trend of western life-style.

Vegetable Oils Gaining Demand on Rising Health Awareness

On the basis of products, the global cooking oils and fats market is segmented into vegetable and seed oil, spreadable oils and fats, butter, margarine, olive oil, and cooking fats. In 2015, vegetable oils segment accounted for the most prominent share in the fats & oils market, both in terms of value and volume. Vegetable oils from sources such as sunflower, soybean, rapeseed, palm, coconut, and cotton seed find applications in foods and other industrial applications. Increasing health concerns among the end-users and the wide range of products with different tastes and textures available are expected to fuel the demand for vegetable cooking oils during the forecast period. Vegetable oils with qualities such as low-cholesterol, low-fat, and low-calorie content are augmenting the growth in the fats & oils market.

Some of the key companies currently operational in global cooking oils and fats market are Wilmar International Ltd, Associated British Foods plc, Unilever plc, CHS Inc, and Ajinomoto Co. Inc.

Global Cooking Oils and Fats Market: Increasing Global Population to Boost the Market, says TMR

The global cooking oils and fats market is growing at due to innovations of new flavors and growing usage of healthy ingredients. Transparency Market Research (TMR) has estimated that the market is highly fragmented owing to the presence of numerous small and large vendors. These vendors compete against each other based on the factors such as distribution network, reputation, innovation, quality, and price of products. Some of the prominent players in this market such as Ajinomoto Co. Inc., CHS Inc., Unilever plc, Associated British Foods plc, and Wilmar International Ltd, have been strengthening the market. However, the innovative approach to the product manufacturing by the new entrants is intensifying the competitive landscape of this market.

In this report Transparency Market Research has estimated that the global market of cooking oil and fats was valued at US$59.8 bn, which is expected to rise and attain valuation of US$65.2 bn by 2021, growing with a steady CAGR of 0.7% during the forecast period of 2015-2021.

In terms of product type, vegetable oil segment holds a dominance in the global cooking oils and fats market owing to added health benefits of the vegetable oils. Due to increasing applications of vegetable oils produced from cotton seed, coconut, palm, rapeseed, soybean, and sunflower, the vegetable oil segment is anticipated to grow at a higher pace than other segments. Geographically segmented into Asia Pacific, Europe, North America, and Rest of the World, the Rest of the World segment owns a commanding share and is forecast to sustain its lead over the forecast period.

Increasing Population and Rising Disposable Income to Boost Market Growth

People across the world have been using cooking oils and fats as an integral part of food for decades. Factors such as availability of high quality cooking oils and fats, increased disposable income among the urban population, trends pertaining to packaged foods, and the rising population across the globe are expected to propel this market in the near future. Furthermore, the growing demand for natural, healthy and organic food products are expected to help this market grow.

The increasing population and improving economies of developing countries such as India and China are most likely to fuel the demand for various healthy cooking oils and fats. Olive oil provides health benefits such as it reduces the risk of type 2 diabetes, ability to fight Alzheimer’s disease, low calorific value, protection against heart diseases, prevention of stroke, and anti-bacterial properties are forecasted to grow the demand for olive oil, further assisting the global market of vegetable oils and fats to grow. The availability of a wide range of products with different textures and tastes and along with the rising health concerns among consumers are expected to fuel the demand for vegetable cooking oils.

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Health Concerns Pertaining to Excessive Usage of Fats may Hinder the Market Growth

Excessive consumption of oils and fats leads to various health issues such as obesity and complications pertaining to cardiovascular diseases. The high amount of trans fats and oils present in food products such as frenchfries, pizza, and doughnuts resulting in health complications may hamper the growth of this market. Furthermore, the rising prices of raw materials used in manufacturing of cooking oils and fats are making the new entrants in the market difficult to expand. However, health benefits of quality oils are expected to help the market sustain against this backdrop. Vegetable oils with qualities such as low-calorie, low-fat, and low-cholesterol content are augmenting the growth of the global fats & oils market.

This information is taken from the report, “Cooking Oils and Fats Market (Product Type - Vegetable and Seed Oil, Spreadable Oils and Fats, Butter, Margarine, Olive Oil, and Cooking Fats) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.”

This market can be segmented for the categories –

Global Cooking Oils and Fats Market, by Product Type

• Vegetable and Seed Oil
• Spreadable Oils and Fats
• Butter
• Margarine
• Olive Oil
• Cooking Fats

Global Cooking Oils and Fats Market Gaining From Popularity of Processed Foods

The global market for cooking oils and fats is gaining traction from a number of factors, such as growing demand from the vastly populated emerging economies such as India and China, increasing consumption of processed foods, incremented usage of high quality edible oils, health benefits associated with the consumption of fats and cooking oils, escalating demand for biodiesel, and requirement coming from the bakery and confectionery market. On the other hand, health concerns regarding the excessive consumption of fats and oils, legislations pertaining to labeling of fats and oils, safety issues, and high cost of raw materials are some of the factors obstructing the global cooking oils and fats market from attaining its true potential.

As per the findings of a recent report by Transparency Market Research, the demand in the global cooking oils and fats market will increment at a CAGR of 0.7% during the forecast period of 2015 to 2021, reaching a valuation of US$65.2 bn by 2021, up from its evaluated worth of US$59.8 bn in 2014. Emerging application of fats and oils as alternatives of trans-fats and rapid growth in the raw material cultivation and production are two trends that are expected to favor the market in the near future.

Which segments are most lucrative?

Based on product type, the TMR report segments the global cooking oils and fats market into spreadable oils and gats, vegetable and seed oil, butter, olive oil, cooking fats, and margarine. Currently, vegetable oils segment offers the maximum demand, both in terms of volume and value. Sunflower, rapeseed, soybean, coconut, palm, and cotton seed are some of the commonly used raw materials for cooking oils and fats, which finds application in various food segments as well as in other industrial applications. Growing awareness among the consumers regarding the low-cholesterol, low-calorie content, low fat, tastes, and textures offered by vegetable cooking oils and fats is expected to drive the demand for this segment in the near future.

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Which region is most profitable in the global cooking oils and fats market?

Geographically, the TMR report takes stock of the potential of cooking oils and fats market in the regions of Europe, North America, Asia Pacific, and the Rest of the World. In 2014, the Rest of the World accounted for the maximum demand, and is expected to remain most profitable, incrementing the demand at a CAGR of 1.60% during the forecast period of 2015 to 2021. Increasing disposable income and changing lifestyle are some of the key factors driving the demand from this region.

How stiff is the competition among the leading vendors?

As per the findings of the TMR report, the global cooking oils and fats market is moderately fragmented, with Unilever plc, Ajinomoto Co. Inc., Associated British Foods plc, Wilmar International Ltd, and CHS Inc. holding prominent positions. Product innovation is the most prominent strategy for the players in this market to gain ground over their competitors.

Global Cooking Oils and Fats Market Driven by Rising Demand for High-Quality Edible Oils

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

Global Cooking Oils and Fats Market: Leading Players Resort to Dealmaking to Gain Competitive Edge, finds TMR

Cutthroat competition among prominent players characterizes the global market for cooking oils and fats. Leading companies in the market, uncovers a report by Transparency Market Research, have resorted to mergers and acquisitions, joint ventures, and partnerships to gain competitive advantage over their rivals. They have also invested in extensive research and development to come up with new, better products to entice the rising ranks of discerning consumers who prefer products with zero trans fats and additional nutritive value.

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Some of the big names operating in the global market for cooking oils and fats are Ajinomoto Co. Inc, Wilmar International Ltd, Unilever plc, Associated British Foods plc, and CHS Inc. The market is expected to attain a value of US$65.2 bn by 2021 by expanding at a sluggish pace, predicts the TMR report. It also forecasts the volume to reach 22,333.1 kg mn by 2021.

Europe to Pare its Market Share due to Rising Health Concerns

The global market for cooking oils and fats can be divided on the basis of product type into olive oil, vegetable oil and seeds, butter, spreadable oil and fats, margarine, and cooking fats. Among them, the vegetable oil and seeds segment has been grossing maximum revenue and has almost half the share in the market. This is because of the growing awareness about its benefits among consumers. Low-fat, low-cholesterol, and low-calorie vegetable oil are particularly enjoying a soaring popularity.

Geographically, the global cooking oils and fats market can be divided into Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific, powered by China, Indonesia, India, Japan, and Malaysia, accounts for a dominant share in the market. The percentage share was about 35% of the total market in 2014. Europe is another leading market, but going forward it would likely trim its market share due to rising concerns about health among consumers. Demand from various emerging economies in the Rest of the World is also slated to be robust due to the rising disposable income and changing lifestyle.

Economic Growth Drives Demand

At the forefront of driving demand in the global market for cooking oils and fats is the swift pace economic growth across the world, especially in emerging economies in the Asia Pacific and South America. Economic growth has led to rising disposable incomes, which in turn, has filliped demand for cooking oil and fats. Another factor majorly contributing to the market is the raft of processed foods and ready-to-drink beverages that are seeing quick uptake on account of the busy lifestyle of people.

Countries such as India, Indonesia, and Argentina, for example, with a burgeoning urban population, are increasingly digging into processed foods, thereby propelling demand for cooking oils and fats.

Further, awareness among consumers about the quality of edible oils and the health benefits of consuming oils and fats in moderate proportions is also aiding the global cooking oils and fats market.

Negative Impact on Health Deters Uptake

A major challenge to the global cooking oils and fats market is the acute awareness of its negative impact on health. Intake of trans fats beyond acceptable limits, for instance, ups the level of cholesterol in the body, which in turn makes one susceptible to heart diseases, cancer, and type 2 diabetes. Processed foods, namely pizzas, doughnuts, burgers, and French fries that are loaded with trans fats and can negatively impact the health if eaten frequently. “High raw material prices also pose a challenge to the growth of the market. This inhibits new players from entering the cooking oils and fats market due to the high initial outlay,” informs the lead analyst of TMR report.

This review is based on the findings of a TMR report titled “Cooking Oils and Fats (Product Type - Vegetable Oil and Seeds, Spreadable Oils and Fats, Butter, Margarine, Olive Oil, and Cooking Fats) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2021.”

Global Cooking Oils and Fats Market, by Product Type

• Vegetable and Seed Oil
• Spreadable Oils and Fats
• Butter
• Margarine
• Olive Oil
• Cooking Fats

Increased Demand for Processed Foods Worldwide to Drive Global Cooking Oils and Fats Market

Cooking oils and fats constitute an important component of a healthy human diet. The food and drinks that we consume have varying levels of several essential nutrients, one of which are fats. While monosaturated and polysaturated fats help reduce cholesterol levels, saturated fats increases the cholesterol level in the body. Dietary fat is essential for bodily functions such as circulation of essential vitamins around the body and synthesis of hormones.

Cooking Oils and Fats Market: Drivers and Restraints

Globally, overall economic growth leading to increasing disposable incomes and busy lifestyles have led to demand for processed foods and ready-to-drink beverages, which is driving demand for cooking oils and fats. In emerging markets such as India, Argentina, and Indonesia, the growing urban population, with Western food habits, is driving demand for processed foods, which in turn is fueling the cooking oils and fats market.Additionally, rising consumer awareness regarding the quality of edible oils and health benefits of moderate consumption of oils and fats is contributing to the growth of the global cooking oils and fats market.

On the other hand, increased awareness regarding adverse health implications of excessive consumption of oils and fats is hindering growth of the market. Excessive intake of trans fats increases cholesterol levels in the body, which increases chances of heart diseases, cancer, and type 2 diabetes. Processed foods such as pizza, doughnuts, and French fries are loaded with trans fats and are detrimental to human health if consumed on a regular basis. However, development of suitable substitutes for trans fats is likely to open opportunities for the oils and fats market globally.

High raw material prices also pose a challenge to the growth of the market. This inhibits new players from entering the cooking oils and fats market due to the high initial outlay.The cooking oils and fats market was worth US$59,782.3 million in 2014 and is anticipated to be worth US$65,270.6 million by 2021, growing at a meager 1.2% CAGR from 2015 to 2021. By volume, the market was valued at 21,204.5 million kg in 2014 and will reach 22,333.1 million kg by 2021, growing at a 0.7% CAGR between 2015 and 2021.

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RoW to Dominate Global Cooking Oils and Fats Market

The global cooking oils and fats market is segregated on the basis of products and geography. By products, the market is divided into vegetable and seed oil, butter, olive oil, spreadable oils and fats, margarine, and cooking fats. Among the product segments, vegetable and seed oil dominated the market and will continue to enjoy the leading market position in the coming years.

Geographically, the market is divided into North America, Asia Pacific, Europe, and Rest of the World (RoW). In 2014, Asia Pacific and Europe collectively accounted for more than 50% of the global cooking oils and fats market. The same year, Rest of the World exhibited the fastest y-o-y growth, followed by Asia Pacific, in the global cooking oils and fats market.For the period of 2015-20121, the cooking oils and fats market in Rest of the World will display the fastest growth at a 1.6% CAGR, followed by Asia Pacific. Wilmar International Ltd, Associated British Foods plc, Ajinomoto Co., Unilever plc, and CHS Inc. are major vendors with significant presence in the global cooking oils and fats market.

Global Cooking Oils and Fats Market Boosted by High Demand from Asia Pacific, Market to be worth US$65,270.6 bn by 2021

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.

Transparency Market Research (TMR) has announced the addition of a new market study on the cooking oils and fats market. The report analyzes the drivers and restraints of the market and their impact on the demand for cooking oils and fats during the forecast period from 2015 to 2021. As per the findings in the report, the market is expected to be valued at US$65,270.6 bn by 2021, rising from US$59,782.3 bn in 2014 at a 1.2% CAGR from 2015 to 2021.

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.

Major players operating in the global market that have been profiled in the report include: Associated British Food plc, Cargill Incorporated, Wilmar International Ltd., ConAgra Foods Inc., CHS Inc., Bunge Ltd., Unilever plc, Ajinomoto Co. Inc., Archer Daniels Midland Co., and United Plantations Berhad.

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

Geography

North America

• U.S.
• Rest of North America

Europe

• Germany
• U.K.
• France
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Rest of Asia Pacific

Rest of the World (RoW)

• Brazil
• A.E.
• South Africa
• Others

Increased Demand for Processed Foods Worldwide to Drive Global Cooking Oils and Fats Market

Cooking oils and fats constitute an important component of a healthy human diet. The food and drinks that we consume have varying levels of several essential nutrients, one of which are fats. While monosaturated and polysaturated fats help reduce cholesterol levels, saturated fats increases the cholesterol level in the body. Dietary fat is essential for bodily functions such as circulation of essential vitamins around the body and synthesis of hormones.

Cooking Oils and Fats Market: Drivers and Restraints

Globally, overall economic growth leading to increasing disposable incomes and busy lifestyles have led to demand for processed foods and ready-to-drink beverages, which is driving demand for cooking oils and fats. In emerging markets such as India, Argentina, and Indonesia, the growing urban population, with Western food habits, is driving demand for processed foods, which in turn is fueling the cooking oils and fats market.Additionally, rising consumer awareness regarding the quality of edible oils and health benefits of moderate consumption of oils and fats is contributing to the growth of the global cooking oils and fats market.

On the other hand, increased awareness regarding adverse health implications of excessive consumption of oils and fats is hindering growth of the market. Excessive intake of trans fats increases cholesterol levels in the body, which increases chances of heart diseases, cancer, and type 2 diabetes. Processed foods such as pizza, doughnuts, and French fries are loaded with trans fats and are detrimental to human health if consumed on a regular basis. However, development of suitable substitutes for trans fats is likely to open opportunities for the oils and fats market globally.

High raw material prices also pose a challenge to the growth of the market. This inhibits new players from entering the cooking oils and fats market due to the high initial outlay.The cooking oils and fats market was worth US$59,782.3 million in 2014 and is anticipated to be worth US$65,270.6 million by 2021, growing at a meager 1.2% CAGR from 2015 to 2021. By volume, the market was valued at 21,204.5 million kg in 2014 and will reach 22,333.1 million kg by 2021, growing at a 0.7% CAGR between 2015 and 2021.

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RoW to Dominate Global Cooking Oils and Fats Market

The global cooking oils and fats market is segregated on the basis of products and geography. By products, the market is divided into vegetable and seed oil, butter, olive oil, spreadable oils and fats, margarine, and cooking fats. Among the product segments, vegetable and seed oil dominated the market and will continue to enjoy the leading market position in the coming years.

Geographically, the market is divided into North America, Asia Pacific, Europe, and Rest of the World (RoW). In 2014, Asia Pacific and Europe collectively accounted for more than 50% of the global cooking oils and fats market. The same year, Rest of the World exhibited the fastest y-o-y growth, followed by Asia Pacific, in the global cooking oils and fats market.For the period of 2015-20121, the cooking oils and fats market in Rest of the World will display the fastest growth at a 1.6% CAGR, followed by Asia Pacific. Wilmar International Ltd, Associated British Foods plc, Ajinomoto Co., Unilever plc, and CHS Inc. are major vendors with significant presence in the global cooking oils and fats market.

Global Cooking Oils and Fats Market to Reach US$65.2 bn by 2021, Driven by Increasing Demand from RoW

Transparency Market Research has published a new report on the global cooking oils and fats market. As per the report, the global cooking oils and fats market is expected to progress from US$59.8 bn in 2014 to US$65.2 bn by 2021. The report, titled ‘Cooking Oils and Fats Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that the global cooking oils and fats market is expected to expand at a 0.7% CAGR during the period from 2015 to 2021.

Cooking fats and oils form an essential part of a healthy diet. Dietary fats are essential for human health. Whereas saturated fats increase the level of low-density cholesterol in the human body, polyunsaturated and monounsaturated fats help lower the levels of harmful cholesterol in the body and in fact may enhance the levels of beneficial high-density cholesterol. Drinks and food products contain various nutrients essential for the growth of the human body. Dietary fats are essential for various processes such as for making hormones and for circulating essential vitamins in the human body. The increasing demand for cooking fats and oils in developing and developed nations is expected to propel the global market for cooking oils and fats during the forecast period.

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.

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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 introduction of new products by new entrants is expected to increase the level of competition for the leading players in the global cooking oils and fats market in the coming five years. By product type, the global cooking oils and fats market is classified into vegetable and seed oil, butter, olive oil, cooking fats, spreadable oils and fats, margarine, and others. In 2014, in terms of revenue, the global cooking oils and fats market was dominated by the vegetable and seed oil segment.

Excessive consumption of oils and fats pose various health issues, thus hampering the growth of the global cooking oils and fats market. Processed foods such as doughnuts, pizza, and French fries contain high amount of trans fats, which affect the human health adversely if consumed regularly. However, the use of high-quality oils and edible oils is predicted to propel the global cooking oils and fats market in the years to come. Suitable replacements for trans fats will create new growth opportunities for the global cooking oils and fats market in the next few years.

Key Segments of Global Cooking Oils and Fats Market

Global Cooking Oils and Fats Market, by Product Type

• Vegetable and Seed Oil
• Spreadable Oils and Fats
• Butter
• Margarine
• Olive Oil
• Cooking Fats

Global Cooking Oils and Fats Market, by Geography

North America

• U.S.
• Rest of North America

Europe

• Germany
• U.K.
• France
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Rest of Asia Pacific

Rest of the World (RoW)

• Brazil
• A.E.
• South Africa
• Others