Insights Into The Fats And Oils Market’s Growth Opportunities Through 2023-2032 – Includes Fats And Oils Industry
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The market is expected to be driven by innovation in the production of fats and oils from various countries around the world over the forecast period.
The global fats and oils market is expected to grow from $181.67 billion in 2022 to $195.6 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The fats and oils market is expected to grow to $251.32 billion in 2027 at a CAGR of 6.5%.
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Global fats and oils Market Segments Include:
- By Type: Fats, Oils
- By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
- By Product Type: Palm, Sunflower, Olive, Soyabean, Rapeseed
- By Source: Plants, Animals
- By Application: Food, Personal Care, Pharmaceutical, Animal Feed, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fats and oils market in 2021.
Major Market Players in the fats and oils market include Wilmar International Ltd., Archer-Daniels-Midland Company (ADM), Bunge Limited, Musim Mas, Mewah International, AAK, The Nisshin Oillio Group, CJ Corp.
Avocado oil is becoming more widely available from manufacturers as demand from health-conscious consumers grows. Avocado oil has several health benefits because it is high in vitamins and a healthy fat. Furthermore, global avocado fruit production has increased by five million metric tonnes, and production is expected to increase by nearly 200,000 metric tonnes this year. Mexico produces approximately 1.8 million metric tonnes of avocado fruit. This increase in fruit production is also expected to increase demand.
The Fats And Oils Global Market Report 2023 provides a fats and oils market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fats and oils market forecast analyzes fats and oils market size, fats and oils market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Fats and oils are glyceryl esters of various organic acids, including those in the fatty acid series and derived from plant or animal sources.
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