Global Edible Oils Market 2016-2024

Global Market Study on Edible Oils: Increasing
Health Awareness Clubbed with Preferences for
Natural and Organic Oils is expected to Drive
Growth of Edible Oils
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Global Edible Oils Market 2016-2024
R e s e a r c h
Report Media Releases
Global Edible Oils Market Value to Increase From US$ 83.4
Bn in 2015 to US$ 130.3 Bn By 2024, Owing to Increasing
Demand for Healthy Edible Oils And Increasing
Consumption of Fried Food Products Globally
Persistence Market Research (PMR) delivers key insights on the global edible oil market in its
upcoming outlook titled, “Edible Oils Market (2016 – 2024)”. In terms of value, the global edible
oils market is projected to register a healthy CAGR of 5.1% during the forecast period (2016–
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2024). This is attributed to various factors, regarding which PMR offers vital insights in detail.
“Global Edible Oils Market: Increasing Demand from Developing Regions and Increasing
Competition in Developed Markets, Major Players are Shifting Focus towards Markets
with Low Per Capita Edible Oil Consumption, And Entering into Markets in Countries
Such As India, China, And Brazil, And Mexico”
On the basis of type, the global edible oils market is segmented into palm oil, soybean oil,
sunflower oil, olive oil, corn oil, canola oil, specialty blended oils, and other oils. Demand for
edible oils has grown significantly owing to increasing consumption of fried foods. Changing
dietary habits, improving living standards, and increasing consumer preference for healthy edible
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oils are factors expected to drive the growth of the global edible oils market during the forecast
period. On the basis of end-users, the global edible oils market is segmented into foodservice,
food processor, and retail.
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An increasing number of health conscious consumers and growing awareness about food
contents with trans-fats, partially hydrogenated oils (PHOs), and cholesterol that are responsible
for various chronic diseases are factors fueling demand for edible oils. Edible oils manufacturers
are adapting new processing technique such as cold pressing and new edible oils products are
introduced in the market, which is healthier and has balanced fatty acid profile. This makes them
preferred choice of health conscious consumers, in turn driving demand for such products.
Increasing disposable income among the population in Southeast Asia, Latin America, and
Eastern Europe is one of the factors driving growth of the global edible oils market. Consumer
Global Edible Oils Market 2016-2024
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preference for healthy edible oils such as olive oil, canola oil, and palm oil is attributed to
increasing consumer spending on food products and food services.
Increasing global population and spending on foodservice industries such as restaurants, hotels,
motels, bars, casinos, and catering companies are expected to fuel demand for edible oils
consumption. Increasing global consumption of edible oils is attributed to significantly high
demand for edible oils from processed food providers.
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This report covers trends driving each segment and offers analysis and insights of the potential
of the edible oils market in specific regions. Asia Pacific (APAC), Europe, and North America are
expected to register high growth rates between 2016 and 2024.The edible oils market in Latin
America is expected to register significant growth over the forecast period owing to increasing
per capita consumptions of edible oils in this region. Also, the region is characterized by easy
availability of raw materials for edible oils products such as soybean oil and sunflower oil
throughout the year. APAC is expected to gain substantial market share owing to high demand
for edible oils from India and China, especially in the food and beverages industries. In term of
value, APAC accounted for 41.2% market share of the global edible oils market in 2015 and is
expected to account for 42.4% by 2024. The market in APAC is expected to gain 120 BPS
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during 2016-2024. In terms of volume, Europe and MEA are expected to witness a decline in
market shares over the forecast period, attributed to consumer preference for high-quality edible
oils.
Key players in the global edible oils market report include edible oils suppliers and
manufacturers such as Adani Wilmar Limited., Cargill, Incorporated, Associated British Foods
plc, Archer Daniels Midland Company, Bunge Alimentos S.A., Ruchi Soya Industries Ltd.,
American Vegetable Oils, Inc., Beidahuang Group, Borges Mediterranean Group S.L.U., Fuji
Vegetable Oil, Inc., The Adams Group, Inc., and Olympic Oils Limited.
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Global Edible Oils Market 2016-2024
R e s e a r c h
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a
unique collaboration of data analytics and market research methodology to help businesses
achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary
approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying
real-time data collection, big data, and customer experience analytics, we deliver business
intelligence for organizations of all sizes.
Our offerings include pre-built reports that address every major sale, customized solutions to
M a r k e t
cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the
most complex problems of clients. We do not follow a reactive approach, but a pro-active one.
Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and
provide the latest insights into these technologies when they are being commercialized. Our
ground-breaking approach allows us to deliver market solutions before the technologies reach
the market.
Our client success stories feature a range of clients from Fortune 500 companies to fast-growing
startups. PMR’s collaborative environment is committed to building industry-specific solutions by
P e r s i s t e n c e
transforming data from multiple streams into a strategic asset.
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Global Edible Oils Market 2016-2024