Fats and Oils Market (2021 to 2027) – Growth, Trends, Opportunities, and Forecasts

The Fats and Oils Market was valued at US$ 235.6 Bn. in 2021. The Global Fats and Oils Market size is estimated to grow at a CAGR of 3.9 % over the forecast period.

Fats and Oils Market Overview:

The report explores the Fats and Oils market's segments (Source, Oil Type, Animal Fats, Application, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Fats and Oils market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Fats and Oils market's contemporary competitive scenario. Fats and Oils Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Fats and Oils Market Dynamics:

The rising use of Fats and Oils in the Industrial and food market: Primary sources of Fats and Oils are plants such as Olive oil, soybean, Rapeseed, palm, and sunflower oil. They are also derived from animals such as including butter & margarine, tallow, and lard. Apart from food uses, fats and oils are also increasingly used for industrial applications, like soaps, detergents, paints, and oleochemicals, the major one of them being biodiesel. Fats and oils are simple or mixed glyceryl esters of various organic acids. The demand for oil and fat is rapidly increasing in developed and emerging countries such as Brazil, China, India, Indonesia, and the US. Animal fats are majorly having demand for the applications such as pet food, animal feed, and other industrial purposes such as biodiesel and oleochemicals. Oils of plant origin have been mostly used for food-based applications. The rapid growth in convenience food and fast food because of the changing lifestyle of people. The demand for fats and oil is also rising. Nowadays, consumers are also getting aware of healthy eating habits, which is leading to the growth of high quality and natural fats and oil demand during the forecast period. Rising health problems lead to limit the consumption of fats and oils: The rise in the health problems like cardiovascular and other diseases is motivating people to reduce the consumption of fats and oils market during the forecast period. The consumption of too much saturated fat causes cholesterol to build up in arteries (blood vessels). Saturated fats raise a person's LDL (bad) cholesterol. At the same time, high LDL cholesterol increases the risk for heart disease and stroke. Rising consumer awareness about the negative effects caused by fats and oils is restraining the growth of the fats and oils market during the forecast period. Further, the stringent regulations by food regulatory authorities for ensuring safety are also limiting the growth of the Fat and Oil Market. Rising demand for fats and oils in Cosmetic Industry: The rise in the demand for oil in Energy and Cosmetic industry is creating an upcoming demand for the Fats and Oils Market. These are used in varieties of manufacturing processes. Vegetable Oils have replaced lubricants that are used for reducing friction between parts in contact. By using vegetable oils for lubrication fossil, fuel consumption can be reduced. Fats and Oils are used as a sustainable form of production in industries such as paints, lubricants, and paper, without the need for chemicals. Vegetable oils are used in the cosmetic industry for manufacturing products such as day creams, night creams, lotions, lipsticks, shampoos, etc. These oils contain Omega 3 and Omega 6 fatty acids that help the skin glow and reduce pigmentations. A total of 204 million tons of cosmetic products were produced globally in 2019/2020. Also, According to MMR report, the cosmetic industry is expected to reach $464.9 billion by 2027. This is creating an upcoming opportunity for the growth of the Fats and Oils Market during the forecast period.

Fats and Oils Market Trends:

The rapid growth in convenience food and fast food because of the changing lifestyle of people. The demand for fats and oil is also rising. Nowadays, consumers are also getting aware of healthy eating habits, which is leading to the growth of high quality and natural fats and oil demand. The demand for oil and fat is rapidly increasing in developed and emerging countries such as Brazil, China, India, Indonesia, and the US. The rise in the demand for oil in Energy and Cosmetic industry is driving the market growth. Vegetable oils are used in the cosmetic industry for manufacturing products such as day creams, night creams, lotions, lipsticks, shampoos, and others. Fats and Oils are used as a sustainable form of production in industries such as paints, lubricants, and papers. There are driving the growth of the Fats and Oils market during the forecast period. Fats and Oils Market Imports and Export Stats of 2021 Fats and Oils Market

Fats and Oils Market Segment Analysis:

Based on Source, the Fats and Oils Market is segmented into Vegetable and Animal sources. The Vegetable oil segment has dominated with the largest market share accounting for 43% in 2021 and is expected to grow at a CAGR of 5.90% during the forecast period. There is a rising demand from various industries like the food industry, Cosmetic industry, and other industrial applications. The vegetable oils such as soybean oil, palm oil, and others are used for the production of baked products and confectionery products. This is due to their easy availability, low cost, and taste-enhancing properties, driving the growth of the market. Based on Application, the Fats and Oils Market is segmented into Food, pharmaceutical, personal care, and industrial. The food segment has dominated with the largest market share accounting for 35% in 2021 and is expected to grow at a CAGR of 6% during the forecast period. This is because fats and oils play a very important role in enhancing the taste, texture, smell, Flavor, etc. Further, the use of fat and oils is expected to rise in the forecast period. Fats and Oils Market

Fats and Oils Market Regional Insights:

The Asia Pacific region held the largest market share accounting for 46% in 2021. This is because of the rise in disposable income of people in developing countries such as China, India, Indonesia, Malaysia, and others. There is a rise in the demand for high-quality fats and oils. There is rapid growth in convenience food and fast food because of the changing lifestyle of people. In 2020, countries such as Indonesia, followed by Malaysia and Thailand were the fastest-growing countries, both in terms of production and consumption. In Indonesia, there is an increase in palm oil plantation areas, favorable government regulations, and a rising number of edible oil manufacturers engaged in palm oil production activities. The Europe region is expected to witness significant growth at a CAGR of 4% through the forecast period. The government is promoting and supporting the production and consumption of vegetable oils, thus leading to the growth of the market. The European Union’s consumption of vegetable oil for bio-fuel has been primarily driven by the Renewable Energy Directive (RED). Fats and Oils are required for 10% of energy consumption on road and rail transport in 2020. Palm oil contributes to around 20% of the production of biodiesel and renewable diesel in the European Union. These factors are rising the Fats and Oils Market during the forecast period. The objective of the report is to present a comprehensive analysis of the global Fats and Oils Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers. The reports also help in understanding the Fats and Oils Market dynamic, and structure by analyzing the market segments and projecting the Fats and Oils Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Fats and Oils Market make the report investor’s guide.

Fats and Oils Market Scope: Inquire before buying

Global Fats and Oils Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 235.6 Bn.
Forecast Period 2022 to 2027 CAGR: 3.9% Market Size in 2027: US $ 296.39 Bn.
Segments Covered: by Source • Vegetable • Animal
by Oil Type • Soybean • Palm • Sunflower • Olive • Rapeseed
by Animal Fats • Tallow • Butter • Lard
by Application • Food • Pharmaceutical • Personal Care • Industrial

Fats and Oils Market by Region

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

Fats and Oils Market Key Players:

Wilmar International Limited • Olam International • Ajinomoto Co. Inc. • Archer-Daniels-Midland Company • Associated British Foods PLC • Bunge Limited • Cargill Incorporated • Conagra Brands Inc. • Fuji Oil Holding Inc. • Unilever • United Plantations Berhad • Wilmar International Limited • James Richardson & Sons, Limited • IFFCO • AAK AB • Mewah International Inc. • Richardson International Limited • Vega Foods • Goodhope Asia Holdings Ltd. • Oleo Fats, Inc. • K S Oils Frequently Asked Questions: 1) What segments are covered in the Fats and Oils Market report? Ans. The segments covered in the Fats and Oils Market report are based on Source, Oil Type, Animal Fats, Application, and Region 2) Which region holds the highest share in the Fats and Oils Market? Ans. The Asia Pacific region is expected to hold the highest share in the Fats and Oils Market. 3) What is the market size of the Fats and Oils Market by 2027? Ans. The market size of the Fats and Oils Market by 2027 is US$ 296.39 Bn. 4) What is the forecast period for the Fats and Oils Market? Ans. The Forecast period for the Fats and Oils Market is 2022-2027. 5) What was the market size of the Fats and Oils Market in 2021? Ans. The market size of the Fats and Oils Market in 2021 was US$ 235.6 Bn.
1. Global Fats and Oils Market Size: Research Methodology 2. Global Fats and Oils Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Fats and Oils Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Fats and Oils Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Fats and Oils Market Size Segmentation 4.1. Global Fats and Oils Market Size, by Source (2021-2027) • Vegetable • Animal 4.2. Global Fats and Oils Market Size, by Oil Type (2021-2027) • Soybean • Palm • Sunflower • Olive • Rapeseed 4.3. Global Fats and Oils Market Size, by Animal Fats (2021-2027) • Tallow • Butter • Lard 4.4. Global Fats and Oils Market Size, by Application (2021-2027) • Food • Pharmaceutical • Personal Care • Industrial 5. North America Fats and Oils Market (2021-2027) 5.1. North America Fats and Oils Market Size, by Source (2021-2027) • Vegetable • Animal 5.2. North America Fats and Oils Market Size by Oil Type (2021-2027) • Soybean • Palm • Sunflower • Olive • Rapeseed 5.3. North America Fats and Oils Market Size by Animal Fats (2021-2027) • Tallow • Butter • Lard 5.4. North America Fats and Oils Market Size by Application (2021-2027) • Food • Pharmaceutical • Personal Care • Industrial 5.5. North America Fats and Oils Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Fats and Oils Market (2021-2027) 6.1. European Fats and Oils Market, by Source (2021-2027) 6.2. European Fats and Oils Market, by Oil Type (2021-2027) 6.3. European Fats and Oils Market, by Animal Fats (2021-2027) 6.4. European Fats and Oils Market, by Application (2021-2027) 6.5. European Fats and Oils Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Fats and Oils Market (2021-2027) 7.1. Asia Pacific Fats and Oils Market, by Source (2021-2027) 7.2. Asia Pacific Fats and Oils Market, by Oil Type (2021-2027) 7.3. Asia Pacific Fats and Oils Market, by Animal Fats (2021-2027) 7.4. Asia Pacific Fats and Oils Market, by Application (2021-2027) 7.5. Asia Pacific Fats and Oils Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Fats and Oils Market (2021-2027) 8.1. The Middle East and Africa Fats and Oils Market, by Source (2021-2027) 8.2. The Middle East and Africa Fats and Oils Market, by Oil Type (2021-2027) 8.3. The Middle East and Africa Fats and Oils Market, by Animal Fats (2021-2027) 8.4. The Middle East and Africa Fats and Oils Market, by Application (2021-2027) 8.5. The Middle East and Africa Fats and Oils Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Fats and Oils Market (2021-2027) 9.1. South America Fats and Oils Market, by Source (2021-2027) 9.2. South America Fats and Oils Market, by Oil Type (2021-2027) 9.3. South America Fats and Oils Market, by Animal Fats (2021-2027) 9.4. South America Fats and Oils Market, by Application (2021-2027) 9.5. South America Fats and Oils Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Wilmar International Limited 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Ajinomoto Co. Inc. 10.3. Archer-Daniels-Midland Company 10.4. Associated British Foods PLC 10.5. Bunge Limited 10.6. Cargill Incorporated 10.7. Conagra Brands Inc. 10.8. Fuji Oil Holding Inc. 10.9. Unilever 10.10. Mewah International Inc. 10.11. Richardson International Limited 10.12. Vega Foods 10.13. Goodhope Asia Holdings Ltd. 10.14. Oleo Fats, Inc. 10.15. K S Oils 10.16. United Plantations Berhad 10.17. James Richardson & Sons, Limited 10.18. IFFCO 10.19. AAK AB

About This Report

Report ID 122282
Category Food & Beverages
Published Date Oct 2021
Updated Date May 2022
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