Edible Oil & Fats Market by Types (Edible Oil and Edible Fat), Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028
The global edible oil and fats market is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the wide consumption of the oil and fats as well as their various extensive applications in food preparation. These oils are known for a key source of numerous nutritional constituents including vitamin E, selenium, phytosterols, and magnesium.
Edible or cooking oil is a range of oil extracted mainly from plant and animal or microbial origin, which are suitable for consumption. Edible fats are also widely used in various applications and extensively consumed as they have less side effects to our health. Rising number of hotels and restaurant chains providing food services are the key drivers for the market growth.
Market Drivers, Restraints, Trends, and Opportunities
- Awareness on consumption of oils & fats and their health benefits among consumers are key drivers boosting the market.
- Rising production of calorie-free oil extracted from plant-based including olive and sunflower present another major factor driving the market growth.
- Rising concerns over glutamic disorders in several countries such as India, China, and the US are raising the demand for organic edible oil and fats; thereby, propelling the market expansion.
- Increasing R&D investment towards the production of low cholesterol content oil is anticipated to fuel the market growth.
- The popularity of edible oil as a major source of nutritious values is projected to boost the demand due to certain advantage, such as improving the immune system and preventing cardiovascular disorder.
Scope of the Report
The report on global the edible oil and fats market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Edible Oil & Fats Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Edible Oil and Edible Fat), Distribution Channels (Online and Offline) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Aceities Borges Pont S.A.; ACH Food Companies; and Cargill Inc. |
Global Edible Oil and Fats Market Segment Insights
In terms of types, the market is bifurcated into edible oil and edible fat. The edible oil segment is expected to constitute a major share during the forecast period due to the increasing consumption of oils for various applications especially for the preparation of food and beverage products. Moreover, the rising number of food chains, restaurants, and hotels are other factors that help boost the segment growth. However, the edible fat segment is estimated to hold a substantial share of the market during the analysis period owing to the increasing consumption of edible fats for various applications.
Based on distribution channels, the global edible oil and fats market is segmented into online and offline. The online segment is anticipated to account for a major share during the forecast period owing to rising consumers’ preference for online shopping and wide availability of a variety of product types. Most of the wholesalers have started launching online websites to enhance their products sales and consumers prefer online sale as it offers heavy discount across products. However, the offline segment is estimated to hold a substantial share of the market during the analysis period as it still holds nearly 50% of the total revenue share due to wide service and easy access to offline stores without waiting for delivery time. Increasing number of supermarkets and convenience stores are projected to be key factors to grow the market segment.
In terms of regions, the edible oil and fats market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to register high CAGR during the forecast period, 2021–2028 owing to the rising demand for edible oil and edible fats from emerging economies China, India, Bangladesh, and Thailand. On the other hand, the market in Europe is expected to expand at a significant CAGR in the coming years due to wide consumption of the organic food products including specialty oils including olive oil. Rising consumption of the oil in Spain, Italy, and France due to the presence of a large number of health-conscious people in these countries are projected to drive the regional market growth.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Edible Oil & Fats Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Edible Oil & Fats Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Edible Oil & Fats Market - Supply Chain
4.5. Global Edible Oil & Fats Market Forecast
4.5.1. Edible Oil & Fats Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Edible Oil & Fats Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Edible Oil & Fats Market Absolute $ Opportunity
5. Global Edible Oil & Fats Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Edible Oil & Fats Market Size and Volume Forecast by Types
5.3.1. Edible Oil
5.3.2. Edible Fat
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Edible Oil & Fats Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Edible Oil & Fats Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Edible Oil & Fats Demand Share Forecast, 2019-2026
7. North America Edible Oil & Fats Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Edible Oil & Fats Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Edible Oil & Fats Market Size and Volume Forecast by Types
7.4.1. Edible Oil
7.4.2. Edible Fat
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Edible Oil & Fats Demand Share Forecast, 2019-2026
8. Latin America Edible Oil & Fats Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Edible Oil & Fats Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Edible Oil & Fats Market Size and Volume Forecast by Types
8.4.1. Edible Oil
8.4.2. Edible Fat
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Edible Oil & Fats Demand Share Forecast, 2019-2026
9. Europe Edible Oil & Fats Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Edible Oil & Fats Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Edible Oil & Fats Market Size and Volume Forecast by Types
9.4.1. Edible Oil
9.4.2. Edible Fat
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Edible Oil & Fats Demand Share Forecast, 2019-2026
10. Asia Pacific Edible Oil & Fats Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Edible Oil & Fats Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Edible Oil & Fats Market Size and Volume Forecast by Types
10.4.1. Edible Oil
10.4.2. Edible Fat
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Edible Oil & Fats Demand Share Forecast, 2019-2026
11. Middle East & Africa Edible Oil & Fats Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Edible Oil & Fats Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Edible Oil & Fats Market Size and Volume Forecast by Types
11.4.1. Edible Oil
11.4.2. Edible Fat
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Edible Oil & Fats Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Edible Oil & Fats Market: Market Share Analysis
12.2. Edible Oil & Fats Distributors and Customers
12.3. Edible Oil & Fats Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)