Fats and Oils

Fats and Oils

Global Fats and Oils Market to Reach $355 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Fats and Oils estimated at US$247 Billion in the year 2022, is projected to reach a revised size of US$355 Billion by 2030, growing at aCAGR of 4.6% over the period 2022-2030. Liquid, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$239.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Solid segment is readjusted to a revised 3.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $67.3 Billion, While China is Forecast to Grow at 8% CAGR
The Fats and Oils market in the U.S. is estimated at US$67.3 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$76.9 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 52 Featured) -

• Ajinomoto Co., Inc.
• Archer Daniels Midland Company
• Associated British Foods PLC (ABF)
• Bunge Limited
• Cargill, Incorporated
• Conagra Foods, Inc.
• Fuji Oil Holding Inc.
• International Foodstuff Company Holdings Limited (IFFCO)
• Olam International
• Unilever PLC
• United Plantations Berhad
• Wilmar International Limited

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