The global edible oils market is predicted to witness a compound annual growth rate of 4.64% during the forecast period to reach a total market size of US$123.79 billion by 2023, increasing from US$90.106 billion in 2017. Edible oils are oils which are suitable for human consumption and are derived from plants, animals or synthetic fat. The rising health concern among people, the rising disposable income coupled with the health benefits of edible oils over processed oils is driving the growth of this market globally. This has also led to an increased demand for edible oils like canola or olive oil. In addition, the wide range of oils available in the market, its extensive application in various sectors like Food processing and growing demand for biofuel are some other factors responsible for the marker growth. Geographically, Asia Pacific region is expected to contribute significantly to the growth of the market owing to the high population in this region, the changing dietary patterns and the rising awareness about its health benefits. However, stringent government regulations for food safety and increasing environmental concern are expected to act as a restraint for the market during the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Global Edible Oils value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are COFCO International, ACH Food Companies, Inc., Bunge Limited and Wilmar International Ltd. Among others.
The global edible oils market has been analysed through following segments:
By End User
Middle East and Africa