Cooking Oils and Fats Market - Snapshot

A rise in the importance of cooking oil and fats is predicted to emerge as important growth factor for the global cooking oils and fats market in the upcoming years. Of all the available edible oils, vegetable oil has become one of the most popular and important ingredient that reduces the chances of various chronic conditions such as cardiovascular disorders, cancer and so on. Such beneficial properties of the product are likely to trigger growth of the global cooking oils and fats market in the years to come.

In addition to that, there has been a rise in the popularity of omega-3 fatty acid, which is utilized as a nutritional ingredient in the food and beverage industry. Omega-3 fatty acid comes with anti-inflammatory features, which is predicted to offer promising growth opportunities growth opportunities for the global cooking oils and fats market in the forthcoming years. In addition to that, there are several benefits, especially health-related, pertaining to the oil that is derived from soybean, canola, and flax seeds. These benefits are likely to play an important role in the development of the global cooking oils and fats market in the near future.

High Nutrient Content of the Product to Shoot Up the Demand in the Market

Augmented significance of the cooking oils and fats is attributed to the presence of many nutritional components. Some of which are as follows

  • Magnesium
  • Selenium
  • Phytosterols
  • Vitamin E

Presence of plentiful of nutrients in the product is likely to shoot up its demand in the years to come. In the last few years, sunflower oil has gathered interest of the consumers, thanks to the presence of considerable amount of zinc. Zinc helps in boosting the immune system of a person and it also accelerates the process of wound healing, In addition, zinc helps in reducing the risk of various age-related chronic diseases. Growing popularity of Sunflower oil is likely to boost the growth of the global cooking oils and fats market in the near future.

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.

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.

 

Cooking oils and fats form an imperative part of a healthy diet. Dietary fat is imperative for human health. Saturated fats increase the cholesterol level in a human body while Monounsaturated and Polyunsaturated fats tend to lower the cholesterol level in the human body. Food and drinks contain several essential nutrients, fats being one of them. Some food and drinks contain a large number of only one nutrient such as fried foods, which contain a large number of fat and soft drinks, which contain a large number of sugar. Dietary fat is imperative for many body processes. Dietary fat helps circulating some essential vitamins around the human body and helps in making hormones. 

 

The increasing demand for cooking oils and fats in emerging markets such as India, Indonesia and Argentina is the major factor that is pushing the demand for the cooking oils and fats market. The increase in the disposable income of the consumers and the increasing busy lifestyle of the consumer is also another reason which is fuelling the demand for processed foods and ready to drink beverages across the world. This factor, in turn is fuelling the demand for cooking oils and fats market globally. In addition, increasing use of high quality edible oils associated with the moderate consumption of oils and fats is also another major factor that is fuelling the demand for the global cooking oils and fats market.

 

Excessive consumption of fats and oils pose as a major threat to the global cooking oils and fats market. A lot of processed foods such as Pizzas, French Fries, and Doughnuts contain a large number of trans fats which is not good human health, if consumed on a regular basis. The consumption of trans fats raises the LDL in the human body. In addition, consumption of trans fats increase the incidences of several heart diseases, type 2 diabetes and cancer). Moreover, the high price of raw materials makes it difficult for any new player trying to enter the cooking oils and fats market. 

 

Suitable alternatives for trans fats is expected to serve as an opportunity for the oils and fats 

market across the world. 

 

Wilmar International Ltd., Unilever plc, Associated British Foods plc, Ajinomoto Co. Inc, CHS Inc are some of the major players that are operating in the global cooking oils and fats market. 

 

The report has been segmented by product type, and geography and it includes drivers, restraints and opportunities (DRO’s), Supply Chain analysis of the cooking oils and fats market. The study highlights current market trends and provides forecasts from 2015 to 2021. We have featured the current market scenario for the global cooking oils and fats market and identified future trends that will impact demand for cooking oils and fats during the forecast period.

 

By product, the market has been segmented into Vegetable and Seed Oil, Spreadable Oils and Fats, Butter, Margarine, Olive Oil and Cooking Fats. By geography, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (Row). The report provides the current market size and anticipates its status over the forecast period.

 

The report also analyzes factors driving and inhibiting growth in the cooking oils and fats market. The report will help manufacturers, suppliers, and distributors to understand the present and future trends in this market and formulate strategies accordingly.

 

The report segments the cooking oils and fats market as:

 

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
    • U.A.E.
    • South Africa
    • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

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Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

 

Chapter 1 Preface

1.1 Report Description

1.2 Market segmentation

      1.2.1 Cooking Oils and Fats  market segmentation, type, and geography

1.3 Research scope

1.4 Research Methodology

 

Chapter 2 Executive Summary

2.1 Global Cooking Oils and Fats market revenue, 2014 - 2021 (USD Million)

2.2 Global Cooking Oils and Fats Market Snapshot

 

Chapter 3 Cooking Oil and Fats Market Industry Analysis

3.1 Introduction

3.2 Market Drivers

      3.2.1 Drivers for cooking oils and fats market: Impact analysis

      3.2.2 Emerging markets pushing the cooking oil and fats market

      3.2.3 Increasing consumption of processed foods

      3.2.4 Increasing usage of high quality edible oils

      3.2.5 Health benefits associated with the consumption of fats and cooking oils

3.3 Market Restraints

      3.3.1 Restraints for cooking oils and fats market: Impact analysis

      3.3.2 Adverse health effects due to excess consumption of oils and fats

      3.3.3 High cost of raw materials

3.4 Market Opportunities

      3.4.1 Alternatives for trans fats.

3.5 Supply Chain Analysis

3.6 Market Trend Analysis

3.7 Market Attractiveness Analysis

3.8 Key Players in the Global Cooking Oils and Fats Market

 

Chapter 4 Global Cooking Oils and Fats Market Analysis, by Product Type, 2015 – 2021

4.1 Overview

4.1 Vegetable oil and seeds

4.2 Spreadable oils and fats

4.3 Butter

4.4 Margarine

4.5 Olive Oil

4.6 Cooking fats

 

Chapter 5 Global Cooking Oil and Fats Market Analysis, By Geography, 2015-2021

5.1 Overview

5.2 North America

      5.2.1 North America Cooking Oils and Fats Market revenue/volume, by type (2014 – 2021) (USD million/kg million)

5.3 In Europe

      5.3.1 Europe Cooking Oils and Fats Market revenue/volume, by type (2014 – 2021) (USD million/kg million)

5.4 Asia Pacific

      5.4.1 Asia Pacific Cooking Oils and Fats Market revenue/volume, by type (2014 – 2021) (USD million/kg million)

5.5 Rest of the World (RoW)

      5.5.1 Rest of the World Cooking Oils and Fats Market revenue/volume, by type (2014 – 2021) (USD million/kg million)

 

Chapter 6 Company Profiles

6.1 Wilmar International Ltd.

6.2 Unilever plc

6.3 ConAgra Foods Inc.

6.4 Bunge Ltd.

6.5 Associated British Food plc

6.6 Archer Daniels Midland Co.

6.7 Ajinomoto Co. Inc.

6.8 United Plantations Berhad

6.9 Cargill Incorporated

6.10 CHS Inc

List of Tables

 

TABLE 1 Global Cooking Oils and Fats Market Snapshot

TABLE 2 North America Cooking Oils and Fats Market revenue, by product type, revenue, 2014 - 2021 (USD million)

TABLE 3 North America Cooking Oils and Fats Market revenue, by product volume, revenue, 2014 - 2021 (Kg Million)

TABLE 4 North America Cooking Oils and Fats Market revenue, by Country, 2014 - 2021 (USD million)

TABLE 5 North America Cooking Oils and Fats Market revenue, by ASP, 2014 - 2021 (USD)

TABLE 6 Europe Cooking Oils and Fats Market revenue, by product type, revenue, 2014 - 2021 (USD billion)

TABLE 7 Europe Cooking Oils and Fats Market revenue, by product type, volume, 2014 - 2021 (Kg million)

TABLE 8 Europe Cooking Oils and Fats Market revenue, by Country, 2014 – 2021 (USD Million)

TABLE 9 Europe Cooking Oils and Fats Market revenue, by ASP, 2014 - 2021 (USD)

TABLE 10 Asia Pacific Acidity Regulators Market revenue, by product type, 2014 - 2021 (USD million)

TABLE 11 Asia Pacific Cooking Oils and Fats Market revenue, by product type, volume 2014 - 2021 (Kg million)

TABLE 12 Asia Pacific Cooking Oils and Fats Market revenue, by Country, 2014 - 2021 (USD million)

TABLE 13 Asia Pacific Cooking Oils and Fats Market, by ASP, 2014 - 2021 (USD)

TABLE 14 Rest of the World Cooking Oils and Fats Market revenue, by product type, 2014 - 2021 (USD million)

TABLE 15 Rest of the World Cooking Oils and Fats Market revenue, by product type, 2014 - 2021 Kg million)

TABLE 16 Rest of the World Cooking Oils and Fats Market revenue, by Country, 2014 – 2021 (USD million)

TABLE 17 Rest of the World Cooking Oils and Fats Market, by ASP, 2014 - 2021 (USD)

List of Figures 

 

FIG. 1 Global Cooking Oils and Fats market segmentation, by type and geography

FIG. 2 Global Cooking Oils and Fats market revenue, 2014 - 2021 (USD Million)

FIG. 3 Global Cooking Oil and Fats Market-Supply Chain Analysis

FIG. 4 Global Cooking Oils and Fats market-Market attractiveness analysis by product type (2014)

FIG. 5 Global Cooking Oil and Fats Market, share by product type, 2014 and 2021 (Value %)

FIG. 6 Global Vegetable Oil and Seeds Market, Value and Volume 2014 – 2021 (USD million/kg million)

FIG. 7 Global Spreadable Oils and Fats Market Value & Volume, 2014 – 2021 (USD million/kg million)

FIG. 8 Global Butter Market, Value and Volume, 2014 – 2021 (USD million/kg million)

FIG. 9 Global Margarine Market, Value and Volume, 2014 – 2021 (USD million)kg million)

FIG. 10 Global Olive Oil Market, Value and Volume, 2014 – 2021 (USD million/kg million)

FIG. 11 Global Cooking Oils and Fats Market, Value and Volume, 2014 – 2021 (USD million/kg million))

FIG. 12 Global Cooking Oils and Fats market, share by geography, 2014 and 2021 (Value %)

FIG. 13 North America Cooking Oils and Fats market, Value and Volume 2014 – 2021 (USD million/kg million)

FIG. 14 Europe Cooking Oils and Fats Market Revenue, Value and Volume, 2014 – 2021 (USD million/kg million)

FIG. 15 Asia Pacific Cooking Oils and Fats market revenue, Value and Volume, 2014 – 2021 (USD million/kg million)

FIG. 16 RoW Cooking Oils and Fats Market, Value and Volume, 2014 – 2021 (USD million/kg million)

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Cooking Oils Fats Market