Global Fats And Oils Market Trends And Strategies Of Major Players In The Fats And Oils Market 2021-2030
4 Feb, 2021
The fats and oils market consists of sales of fats and oils by entities (organizations, sole traders and partnerships) that produce shortening and margarine from purchased fats and oils; refine and/or blend vegetable, oilseed, and tree nut oils from purchased oils; and blend purchased animal fats with purchased vegetable oils. The fats and oils market is segmented into fats and oils.
Global Fats And Oils Market Size And Drivers:
The global fats and oils market is expected to grow from $136.31 billion in 2020 to $146.63 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $200.21 billion in 2025 at a CAGR of 8%. Overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will enable fats and oils manufacturing companies to increase their production and drive the market going forward.
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Trends In The Global Fats And Oils Market
Manufacturers are increasingly offering avocado oil due to increase in demand from health-conscious customers. Avocado oil provides a lot of health benefits as it is a healthy fat and contains plenty of vitamins. Also, there is an increase in global avocado fruit production with five million metric ton, and annual production is expected to increase by nearly 200,000 metric tons.
Global Fats And Oils Market Segments:
The global fats and oils market is further segmented based on type, distribution channel, product type, source, application and geography.
By Type: Fats, Oils.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Product Type: Palm, Sunflower, Olive, Soyabean, Rapeseed.
By Source: Plants, Animals.
By Application: Food, Personal Care, Pharmaceutical, Animal Feed, Others.
By Geography: The global fats and oils market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fats and oils market, accounting for 62% of the total market.
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Fats And Oils Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fats and oils market overviews, analyzes and forecasts market size and growth for the global fats and oils market, fats and oils market share, fats and oils market players, fats and oils market segments and geographies, fats and oils market’s leading competitors’ revenues, profiles and market shares. The fats and oils market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.