Fats And Oils Manufacturing Market Characteristics
The fats and oils manufacturing 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.
Competitive Landscape of the Fats And Oils Manufacturing Market
Major players in the global fats and oils manufacturing market include Wilmar International Limited, Archer Daniels Midland Company, Bunge Limited, Cargill, Ruchi Soya.
Fats And Oils Manufacturing Market Size
The Fats And Oils Manufacturing market size is expected to significantly grow during the forecast period. The growth in the Fats And Oils Manufacturing market is due to increased consumption of processed foods, confectionary and ready to drink beverages.
However, the market for seasoning and dressing manufacturing is expected to face certain restraints from several factors such as quality of ingredients used.
Fats And Oils Manufacturing Market Segmentation
The global fats and oils manufacturing market is further segmented based on type and geography.
By Type - The fats and oils manufacturing market is segmented into fats, oils.
By Geography - The global fats and oils manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-pacific fats and oils manufacturing market accounts the largest share in the global fats and oils manufacturing market.
Trends in the Fats And Oils Manufacturing Market
Government bodies have made mandatory for the manufacturers to fortify the cooking oils with micronutrients such as vitamins and minerals to avoid deficiencies or imbalances in human bodies, as the major trends witnessed in the global fats and oils manufacturing market.
Potential Opportunities in the Fats And Oils Manufacturing Market
With busy lifestyle, influence of social media on the market, impact of new cuisines on the market, low cost foods, the scope and potential for the global fats and oils manufacturing market is expected to significantly rise in the forecast period.