
Global Fats & Oils Market Size Study by Type (Vegetable Oils, Fats), Source (Vegetables, Animals), State (Liquid, Solid), Application (Food, Industrial), Price Sensitivity, and Regional Forecasts 2022-2032
Description
Global Fats & Oils Market Size Study by Type (Vegetable Oils, Fats), Source (Vegetables, Animals), State (Liquid, Solid), Application (Food, Industrial), Price Sensitivity, and Regional Forecasts 2022-2032
The Global Fats & Oils Market is valued at approximately USD 262.36 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.60% over the forecast period 2024-2032. Fats and oils, pivotal to human consumption and industrial applications, serve as essential nutritional components and functional ingredients. Their versatility spans culinary applications, biodiesel production, and industrial processes. Increasing consumer demand for plant-based and sustainably sourced oils, coupled with a rising global population, is driving market growth. Additionally, the surge in health-conscious lifestyles is boosting the popularity of premium oils such as olive and avocado oils.
The fats and oils industry is undergoing a transformation driven by advancements in extraction technologies and the adoption of sustainable practices. This transformation addresses both environmental concerns and consumer preferences for ethical sourcing. Innovations in hybrid oilseed cultivation and enzymatic oil extraction are improving yields while minimizing waste. The growing demand for biodiesel is creating new revenue streams for fats and oils producers, leveraging waste oils and non-edible fats for sustainable energy solutions. Furthermore, evolving dietary trends, including keto and vegan diets, are amplifying the demand for niche oil types. However, challenges such as price volatility in raw materials and stringent regulatory standards persist, necessitating strategic adaptability within the market.
Globally, the market exhibits varied regional trends. In 2023, Asia Pacific held the largest market share, primarily driven by its vast population base, expanding food processing industries, and the dominance of palm and soybean oil production in countries such as Indonesia and Malaysia. North America, characterized by high consumption of vegetable oils and growing demand for biodiesel, contributes significantly to market revenues. Meanwhile, Europe stands as a hub for premium oils, underpinned by its emphasis on organic and high-quality products. Latin America is an emerging player, with its robust agricultural base and increasing investments in oilseed production.
Major market players included in this report are:
• Wilmar International Limited
• Archer Daniels Midland Company
• Bunge Limited
• Cargill, Incorporated
• AAK AB
• Fuji Oil Co., Ltd.
• Koninklijke DSM N.V.
• Associated British Foods plc
• Olam International
• Louis Dreyfus Company
• Marico Limited
• Unilever PLC
• IOI Group Berhad
• BASF SE
• The Procter & Gamble Company
The detailed segments and sub-segments of the market are explained below:
By Type:
• Vegetable Oils
• Fats
By Source:
• Vegetables
• Animals
By State:
• Liquid
• Solid
By Application:
• Food
• Industrial
By Price Sensitivity:
• Premium Products
• Economical Products
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
• Comprehensive market estimates and forecasts for 10 years from 2022 to 2032.
• Regional and country-level analysis for each market segment.
• Insights into competitive dynamics, including profiles of major players.
• Detailed segmentation and sub-segmentation for nuanced understanding.
• Strategic recommendations for stakeholders and market entrants.
• Analysis of demand-side and supply-side drivers shaping the market.
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Table of Contents
285 Pages
- Chapter 1. Global Fats & Oils Market Executive Summary
- 1.1. Global Fats & Oils Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Source
- 1.3.3. By State
- 1.3.4. By Application
- 1.3.5. By Price Sensitivity
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Fats & Oils Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Fats & Oils Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Consumer Demand for Plant-based and Sustainably Sourced Oils
- 3.1.2. Rising Global Population Driving Food Demand
- 3.1.3. Growing Health-conscious Lifestyles Boosting Premium Oils Demand
- 3.2. Market Challenges
- 3.2.1. Price Volatility in Raw Materials
- 3.2.2. Stringent Regulatory Standards
- 3.3. Market Opportunities
- 3.3.1. Advancements in Extraction Technologies
- 3.3.2. Adoption of Sustainable Practices and Ethical Sourcing
- 3.3.3. Growing Demand for Biodiesel and Alternative Energy Sources
- Chapter 4. Global Fats & Oils Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Fats & Oils Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Fats & Oils Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Vegetable Oils
- 5.2.2. Fats
- Chapter 6. Global Fats & Oils Market Size & Forecasts by Source 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Fats & Oils Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Vegetables
- 6.2.2. Animals
- Chapter 7. Global Fats & Oils Market Size & Forecasts by State 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Fats & Oils Market: State Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Liquid
- 7.2.2. Solid
- Chapter 8. Global Fats & Oils Market Size & Forecasts by Application 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Fats & Oils Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Food
- 8.2.2. Industrial
- Chapter 9. Global Fats & Oils Market Size & Forecasts by Price Sensitivity 2022-2032
- 9.1. Segment Dashboard
- 9.2. Global Fats & Oils Market: Price Sensitivity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Premium Products
- 9.2.2. Economical Products
- Chapter 10. Global Fats & Oils Market Size & Forecasts by Region 2022-2032
- 10.1. North America Fats & Oils Market
- 10.1.1. U.S. Fats & Oils Market
- 10.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
- 10.1.1.2. Source Breakdown Size & Forecasts, 2022-2032
- 10.1.1.3. State Breakdown Size & Forecasts, 2022-2032
- 10.1.1.4. Application Breakdown Size & Forecasts, 2022-2032
- 10.1.1.5. Price Sensitivity Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Fats & Oils Market
- 10.1.2.1. Type Breakdown Size & Forecasts, 2022-2032
- 10.1.2.2. Source Breakdown Size & Forecasts, 2022-2032
- 10.1.2.3. State Breakdown Size & Forecasts, 2022-2032
- 10.1.2.4. Application Breakdown Size & Forecasts, 2022-2032
- 10.1.2.5. Price Sensitivity Breakdown Size & Forecasts, 2022-2032
- 10.2. Europe Fats & Oils Market
- 10.2.1. UK Fats & Oils Market
- 10.2.2. Germany Fats & Oils Market
- 10.2.3. France Fats & Oils Market
- 10.2.4. Spain Fats & Oils Market
- 10.2.5. Italy Fats & Oils Market
- 10.2.6. Rest of Europe Fats & Oils Market
- 10.3. Asia-Pacific Fats & Oils Market
- 10.3.1. China Fats & Oils Market
- 10.3.2. India Fats & Oils Market
- 10.3.3. Japan Fats & Oils Market
- 10.3.4. Australia Fats & Oils Market
- 10.3.5. South Korea Fats & Oils Market
- 10.3.6. Rest of Asia Pacific Fats & Oils Market
- 10.4. Latin America Fats & Oils Market
- 10.4.1. Brazil Fats & Oils Market
- 10.4.2. Mexico Fats & Oils Market
- 10.4.3. Rest of Latin America Fats & Oils Market
- 10.5. Middle East & Africa Fats & Oils Market
- 10.5.1. Saudi Arabia Fats & Oils Market
- 10.5.2. South Africa Fats & Oils Market
- 10.5.3. Rest of Middle East & Africa Fats & Oils Market
- Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Wilmar International Limited
- 11.1.2. Archer Daniels Midland Company
- 11.1.3. Bunge Limited
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. Wilmar International Limited
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Market Strategies
- 11.3.2. Cargill, Incorporated
- 11.3.3. AAK AB
- 11.3.4. Fuji Oil Co., Ltd.
- 11.3.5. Koninklijke DSM N.V.
- 11.3.6. Associated British Foods plc
- 11.3.7. Olam International
- 11.3.8. Louis Dreyfus Company
- 11.3.9. Marico Limited
- 11.3.10. Unilever PLC
- 11.3.11. IOI Group Berhad
- 11.3.12. BASF SE
- 11.3.13. The Procter & Gamble Company
- 11.3.14. Bunge Limited
- 11.3.15. Archer Daniels Midland Company
- Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- List of Tables
- TABLE 1. Global Fats & Oils Market, Report Scope
- TABLE 2. Global Fats & Oils Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
- TABLE 3. Global Fats & Oils Market Estimates & Forecasts by Type 2022-2032 (USD Million/Billion)
- TABLE 4. Global Fats & Oils Market Estimates & Forecasts by Source 2022-2032 (USD Million/Billion)
- TABLE 5. Global Fats & Oils Market Estimates & Forecasts by State 2022-2032 (USD Million/Billion)
- TABLE 6. Global Fats & Oils Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
- TABLE 7. Global Fats & Oils Market Estimates & Forecasts by Price Sensitivity 2022-2032 (USD Million/Billion)
- TABLE 8. North America Fats & Oils Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 9. U.S. Fats & Oils Market Estimates & Forecasts by Type 2022-2032 (USD Million/Billion)
- TABLE 10. U.S. Fats & Oils Market Estimates & Forecasts by Source 2022-2032 (USD Million/Billion)
- TABLE 11. U.S. Fats & Oils Market Estimates & Forecasts by State 2022-2032 (USD Million/Billion)
- TABLE 12. U.S. Fats & Oils Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
- TABLE 13. U.S. Fats & Oils Market Estimates & Forecasts by Price Sensitivity 2022-2032 (USD Million/Billion)
- TABLE 14. Canada Fats & Oils Market Estimates & Forecasts by Type 2022-2032 (USD Million/Billion)
- TABLE 15. Canada Fats & Oils Market Estimates & Forecasts by Source 2022-2032 (USD Million/Billion)
- TABLE 16. Canada Fats & Oils Market Estimates & Forecasts by State 2022-2032 (USD Million/Billion)
- TABLE 17. Canada Fats & Oils Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
- TABLE 18. Canada Fats & Oils Market Estimates & Forecasts by Price Sensitivity 2022-2032 (USD Million/Billion)
- ...
- This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- FIGURE 1. Global Fats & Oils Market, Research Methodology
- FIGURE 2. Global Fats & Oils Market, Market Estimation Techniques
- FIGURE 3. Global Market Size Estimates & Forecast Methods
- FIGURE 4. Global Fats & Oils Market, Key Trends 2023
- FIGURE 5. Global Fats & Oils Market, Growth Prospects 2022-2032
- FIGURE 6. Global Fats & Oils Market, Porter's 5 Force Model
- FIGURE 7. Global Fats & Oils Market, PESTEL Analysis
- FIGURE 8. Global Fats & Oils Market, Value Chain Analysis
- FIGURE 9. Global Fats & Oils Market by Type, 2022 & 2032 (USD Million/Billion)
- FIGURE 10. Global Fats & Oils Market by Source, 2022 & 2032 (USD Million/Billion)
- FIGURE 11. Global Fats & Oils Market by State, 2022 & 2032 (USD Million/Billion)
- FIGURE 12. Global Fats & Oils Market by Application, 2022 & 2032 (USD Million/Billion)
- FIGURE 13. Global Fats & Oils Market by Price Sensitivity, 2022 & 2032 (USD Million/Billion)
- FIGURE 14. Global Fats & Oils Market, Regional Snapshot 2022 & 2032
- FIGURE 15. North America Fats & Oils Market 2022 & 2032 (USD Million/Billion)
- FIGURE 16. Europe Fats & Oils Market 2022 & 2032 (USD Million/Billion)
- FIGURE 17. Asia Pacific Fats & Oils Market 2022 & 2032 (USD Million/Billion)
- FIGURE 18. Latin America Fats & Oils Market 2022 & 2032 (USD Million/Billion)
- FIGURE 19. Middle East & Africa Fats & Oils Market 2022 & 2032 (USD Million/Billion)
- FIGURE 20. Global Fats & Oils Market, Company Market Share Analysis (2023)
- ...
- This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.
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