Edible Oils Market is Anticipated to Witness High Growth Owing to Increasing Health Consciousness
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Edible Oils Market |
Edible
oils are fats and oils consumed or used in food preparation. They include
vegetable oils derived from plants such as soybean oil, canola oil, corn oil,
olive oil, sunflower oil, peanut oil, safflower oil, and sesame oil. Edible
oils provide various health benefits such as lowering cholesterol levels,
protecting cells from damage, and reducing inflammation in the body. They
contain fat-soluble vitamins like vitamins A, D, E, and K along with essential
fatty acids. Edible oils are widely used for cooking purposes due to their high
smoke points, neutral flavors, and contribution to texture and mouthfeel. With
growing awareness about the health attributes of edible oils, their demand has
been increasing steadily worldwide.
The global edible oils market is estimated to be valued at US$ 143.29 Mn in
2024 and is expected to exhibit a CAGR of 4.5% over the forecast period of 2024
to 2030.
Key Takeaways
Key players operating in the edible oils market are AJF Cigars, Boutique Blends
Cigars, Fenn Thompson & Co. Royal Cigar Works, Gurkha Cigar Group, Imperial
Brands, Joya De Nicaragua, S.A., Scandinavian Tobacco Group, Swedish Match AB,
and Swisher. These major players account for a considerable share of the
market.
In terms of opportunities, the rising demand for healthier and organic Global
Edible Oils Market Demand provides significant growth prospects. There
is growing popularity of cold-pressed oils extracted from fruits and nuts due
to their enriched nutritional profile. Furthermore, the increasing adoption of
versatile edible oils suitable for diverse cuisines across regions presents an
attractive opportunity.
Global expansion remains a key focus area for leading edible oil companies. To
tap emerging markets, manufacturers are strengthening their distribution
networks, pursuing strategic acquisitions, and diversifying product portfolios.
Promotional activities targeted towards health-conscious consumers are also
gaining momentum.
Market drivers: Growing health awareness is a key market driver. Consumers are
increasingly preferring healthy oils that provide nutritional benefits.
Numerous studies have demonstrated the association between edible oil
consumption and reduced risk of lifestyle diseases.
Market restraint: Volatility in agricultural commodity prices poses a major
challenge. The prices of edible oilseeds largely depend on climatic conditions,
yield, and global supply-demand dynamics. Any fluctuations consequently impact
manufacturing and procurement costs.
Segment
Analysis
The edible oils market comprises of several sub-segments such as Soybean Oil,
Sunflower Oil, Corn Oil, Palm Oil, Canola Oil and Others. Among these, Palm Oil
dominates the global edible oils market with a share of over 30% in 2024. Palm
oil has gained widespread popularity as edible oil globally owing to its
versatility and wide range of applications in cooking and food processing
industries. It provides neutral taste and high smoke point which makes it
suitable for frying purposes.
Global Analysis:
Regional Analysis: Asia Pacific region dominated the global edible oils market
in 2024 with a share of over 55%. China and India are among the largest producers
and consumers of edible oils globally. Availability of inexpensive edible oils
such as palm, soybean and canola oils coupled with expanding food industry has
been driving the edible oils market growth in the region. The market is
estimated to witness highest growth in the Asia Pacific region during the
forecast period owing to rising population, growing health awareness and
changing dietary habits in the region.
For more details on the report, Read- https://www.trendingwebwire.com/edible-oils-market-trends-size-and-share-analysis-2/
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