Fats & Oils Market

The global fats & oils market is foreseen to grow at 4.1%, from USD 228.90 Billion in 2021 to USD 315.68 Billion in 2029. Increasing demand for food boosting global consumption of vegetable oils increased consumption of bakery & confectionery and processed food products, growing demand for biodiesel are the factors driving the growth of the global fats & oils market. However, labeling of fat & oil products and the safety issues have seen restraint in the market growth for the estimated period.

Market Definition

What is Fats & oils?

Oils and fats form an important part of a healthy diet.  Structurally they are esters of glycerol with three fatty acids (called either triacylglycerols or triglycerides).  It is these fatty acids that give functionality to fats.

Market Overview

The fats & oils market research study helps to thoroughly understand the current trend in the market, competitive analysis of the players in the emerging market. Moreover, the DRO in the Fats & oils market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach. It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyse the global Fats & oils market player's competitive landscape, helping the client comprehend their specific strategic growth approaches.

Fats & oils Market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the Fats & oils market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the fats & oils market include Associated British Foods Plc, Archer Daniels Midland Company, Bunge Limited, Wilmar International Limited, United Plantations Berhad, Unilever Plc, Ajinomoto Co., Inc., Mewah International Inc., Cargill, Incorporated, Richardson International Limited, International Foodstuff Company Holdings Limited (Iffco), Goodhope Asia Holdings Ltd., Vega Foods, Welch, Holme & Clark Co., Inc., Oleo Fats, Inc., Csm Ingredients, Aak International, Fuji Oil Co., Ltd., Gemini Edibles & Fats India Pvt. Ltd., K S Oils.

COVID-19 Impact on Global Fats & oils Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the Fats & oils Market has forced the companies to change their sourcing, pricing, and promotion strategies. The Fats & oils Market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the food and beverage industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and Fats & oils' future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global fats & oils market is segmented on the basis of type, source, application, distribution channel and region:

Type Outlook:

On the basis of type, the market is segmented into fat type, oil type. Further, fat type is segmented into butter, lard, shortenings and margarine, tallow, others. Further, oil type is segmented into olive oil, palm oil, rapeseed oil, soybean oil, sunflower oil , others.

Figure 1 - Fats & oils Market, By Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)