Demand for Edible Oil & Fats and Impact of COVID-19……..



The global edible oil and fats market size is expected to reach USD 162.51 billion by 2025, according to a new report by Grand View Research, Inc. Rising popularity of edible oil as a key nutritional constituent on account of its various benefits including improvement in immune system and prevention from cardiovascular disorders is projected to drive the demand.
Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
Rising concerns over glutamic disorders in developed countries including U.S. and Germany is expected to promote the scope of oilseed-based product forms as vegan alternatives for animal fats. Furthermore, changing lifestyle coupled with buyer preference for nutrition enriched food products among middle-class income groups from developing economies such as China, India, and Thailand is projected to increase the usage of edible oils over the next eight years.
Offline channels are projected to lead, accounting for more than 50% of total market share in terms of revenue. Increased concentration of supermarkets in emerging economies such as China, India, Mexico, Brazil, and South Africa is projected to provide the consumers a wide range of options when it comes to edible oils and edible fats.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/edible-oil-fats-market/request/rs4
Further key findings from the report suggest:
·         Oil product segment generated revenue exceeding USD 60 billion in 2018. Rising importance of calorie-free products including olive and sunflower as healthier alternatives as compared to animal-based fats is projected to remain a favorable factor over the forecast period
·         Coconut segment is expected to witness a CAGR of 7.4% from 2018 to 2025. The product is expected to gain importance on account of being effective source of amino acids, vitamins, and minerals
·         Asia Pacific led with more than 30% of global market share in terms of revenue in 2018. The high concentration middle-income age groups in key markets including China, India, Bangladesh, and Thailand is expected to assist the region maintain the dominance in near future
·         The edible oil and fats market is highly competitive in nature. Key players include Aceities Borges Pont S.A.; ACH Food Companies, Inc.; ADM; Avena Nordic Grain Oy; and Cargill Inc.
·         Strategic partnerships with the distributors located in emerging economies with significant buyer base is expected to remain a critical success factor for the key market participants in the forthcoming years.
The global edible oil and fats market size was valued at USD 97.32 billion in 2018. Rising importance of vegetable oils as key functional ingredients which reduce the risk of cardiovascular disorders along with lowering the possibility of breast cancer is projected to remain a favorable growth driver. Furthermore, rising popularity of omega-3 fatty acid as a nutritional constituent in food industry on account of its exceptional anti-inflammatory properties is projected to prompt the adoption of oil produced from soybean, canola, and flax seeds.
Over the past few years, cooking oil manufacturers including Unilever PLC and Cargill, Inc., have been increasing the spending towards the development of products with low cholesterol content. Furthermore, fluctuating diet patterns along with hectic lifestyle among working class professionals is projected to change the consumer preference and drive demand for sunflower and coconut oil for cooking. Coconut oil is a rich source of fatty acid, which provides immunity against bacteria and other pathogens. On the other hand, olive oil is capable of balancing HDL to LDL ratio of cholesterol which ensures proper blood circulation.
Rising concerns over the adverse effects such as high risk of coronary heart disease, type 2 diabetes, and brain stroke, caused by trans-fat consumption, is expected to promote the usage of vegetable oil as cooking alternatives. In addition, edible oils find application as a good flavoring agent owing to the association of exceptional aroma of peanut or groundnut oil.
Rising number of hotels and restaurant chains from developing countries including China and India on account of supportive government policies aimed at improving city infrastructure is projected to boost the utility of edible oils. In addition, shifting preference of middle-class income groups of countries including Saudi Arabia and UAE to opt for dine-out during weekends is expected to open new market avenues in food service sector over the next eight years.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-edible-oil-fats-market
Grand View Research has segmented the global edible oil and fats market on the basis of product, distribution channel:
Edible Oil & Fats Product Outlook (Revenue, USD Million, 2015 - 2025)
·         Edible Oil
o    Soybean
o    Sunflower
o    Olive
o    Coconut
o    Other
·         Edible Fats
Edible Oil & Fats Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
·         Offline
·         Online
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more