Edible Oils and Fats Market Update Trends and Future Prospects 2023


Edible Oils and Fats market is projected to grow at 4.56% during the forecasted period 2017 to 2023. APAC region is estimated to dominate the market with more than 50% of market share in the year 2017 followed by Europe. Europe will witness higher growth rate in savory snacks application of oils and fats during the forecast period due to increasing consumption of meat and other snacks products. APAC holds major market share in bio-diesel application, and it projected to reach 26,649 kilo tons with CAGR of 5.49%. Europe will witness higher growth rate in bio-diesel application of oils and fats during the forecast period.

Global Key Players and Competition Analysis
The major key players in Global Edible Oils and Fats Market are
  • Archer-Daniels-Midland Co. (U.S.)
  • Associated British Foods Plc. (U.K.)
  • Wilmar International Ltd (Singapore)
  • Bunge limited (U.S.)
  • Adani Wilmar Ltd (India)
  • Cargill, Inc. (U.S.)
  • Ajinomoto Co., Inc. (Japan)

Segmentation Analysis
Global Edible Oils and Fats market is segmented by type, source, processing, fatty acid contents, application and region.

Regional Analysis
The Global Edible Oils and Fats market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Among this Asia Pacific has the major market share followed by Europe. Asia Pacific region is expected to maintain its dominant position in upcoming years due to the growing demand, rising awareness and increasing adoption of innovative edible oils and fats in varied application sectors. Indonesia will witness higher growth in edible oils and fats market during the forecast period (2017 to 2023) due to increasing production of palm oil and its huge demand across the globe. Mexico and Germany are one of the fastest growing countries in edible oils and fats market in the world as increasing demand for high quality edible oils playing the key role.

Market Scope
Global edible oils and fats market is projected to reach 298,522 kilo tons by 2023 with CAGR of 4.56% in terms of volume. Palm oil and soybean oil together holds more than 45% of market share in the year 2017. Corn oil will witness higher growth rate during the forecast period due to increasing demand of corn oil from industrial application.

Browse the market data and information spread across 170 pages with 171 data tables and 22 figures of the report “Edible Oils and Fats Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/edible-oils-fats-market-1993

Industry News:
June 21, 2017 Market Research Future published a Cooked Research Report on Global Edible Oils and Fats Market which is estimated to grow more than 4.56% after 2023

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