Persistence Market Research (PMR) offers an 8-year forecast for the global edible oils market between 2016 and 2024. In terms of value, the market is expected to register a CAGR of 5.1% during the forecast period (2016–2024). The main objective of the report is to offer insights on the advancements in the edible oils market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global edible oils market over the forecast period. The report aims to offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global edible oils market.
Factors such as increasing health concerns and demand for healthy edible oils such as olive and canola oil are expected to fuel revenue growth of the global edible oils market. Edible oils manufacturers are adapting new processing technique such as cold pressing to extract edible oils and new edible oils products are introduced in the market, which are healthier and have balanced fatty acid profile, and are preferred by consumers. Increasing disposable income and consumer preferences for healthy edible oils and rising demand for snacks and fried food products are expected to further fuel demand for edible oils such as olive oil, canola oil, and palm oil. Globally, the growth of the retail sector has led to widespread supply of edible oils, through wide network organized markets. These factors are expected to bolster growth of the edible oils market in the near future.
A section of the report discusses how the overall competition in the market is steadily increasing. It discusses various factors shaping the internal as well as external competition in the market. Overall internal competition in the edible oils market is observed to be comparatively high owing to a large number of major providers of edible oils products and increasing number of small domestic players in the market. The global edible oils industry is facing external competition from producers & distributors of raw material and other food processors, which are adopting forward and backward integration strategies, and developing their own facilities to produce edible oils. Various barriers to entry in the industry are analyzed and rated on the basis of their impact on the competition level in the market.
The report analyses the market share of the global edible oils market by each of the end-user segment including foodservice, food processor, and retail. A section of the report highlights edible oils demand, region-wise. It provides a market outlook for 2016–2024 and sets the forecast within the context of the edible oils ecosystem, including strategic developments, latest regulations, and new product offerings in the global edible oils market. This study discusses key region trends contributing to growth of the global edible oils market, as well as analyzes the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are edible oils suppliers, manufacturers, and a list of major retailers and raw material suppliers. Detailed profiles of the providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the edible oils space. Key players in the global edible oils market report include edible oils suppliers and manufacturers such as Adani Wilmar Limited, Cargill, Incorporated, Associated British Foods plc, Archer Daniels Midland Company, Bunge Alimentos S.A., Ruchi Soya Industries Ltd., American Vegetable Oils, Inc., Beidahuang Group, Borges Mediterranean Group S.L.U., Fuji Vegetable Oil, Inc., The Adams Group, Inc., and Olympic Oils Limited.
Key Segments Covered
On the basis of type, the global edible oils market is segmented into palm oil, soybean oil, sunflower oil, olive oil, corn oil, canola oil, specialty blended oils, and other oils. Demand for edible oils has grown significantly owing to increasing consumption of fried foods. Changing dietary habits, improving living standards, and increasing consumer preferences for healthy edible oils is expected to drive revenue growth of the global edible oils market.
On the basis of end-users, the global edible oils market is segmented into foodservice, food processor, and retail. A detailed analysis has been provided for every segment in terms of market size analysis for edible oils across the globe.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities.
Another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global edible oils market.
Key Regions/Countries Covered
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