Global Organic Edible Oil Market 2019-2023
About this market
The application of edible oils in beauty and cosmetic industry to boost its demand. Organic edible oils are rich in EFAs that make skin healthier, help maintaining functions of the skin, and treat various skin problems. Technavio’s analysts have predicted that the organic edible oil market will register a CAGR of more than 11% by 2023.
Numerous uses as an ingredient
Organic edible oil is extracted from seeds. The most commonly used organic edible oils are soybean, camelina, palm, rapeseed, and sunflower. These oils have low fat, cholesterol, and calories. Thus, they are likely to be used for various culinary purposes.
Presence of various substitutes
Many inorganic oils that are popular includes inorganic peanut oil, inorganic olive oil, and inorganic grapeseed oil. These popular alternatives of organic oil may impede organic market growth as they are very close substitutes and are easily accessible.
For the detailed list of factors that will drive and challenge the growth of the organic edible oil market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Adams Group and Bunge the competitive environment is quite intense. Factors such as the application of edible oils in beauty and cosmetic industry and the numerous uses as an ingredient, will provide considerable growth opportunities to organic edible oil manufactures. Adams Group, Bunge, Cargill, NOW Foods, and The J.M Smucker Company are some of the major companies covered in this report."
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