New York, NY, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Edible Oils and Fats Market By Type (Vegetable & Seed Oil (Soybean, Sunflower Oil, Palm Oil, Canola Oil, and Others), Spreadable Oils And Fats (Butter, Margarine), Olive Oil, Cooking Fats, And Others), By Source (Plant and Animal), By Form (Liquid and Solid), By Distribution Channel (Supermarket, Hypermarket, Convenience Stores, Departmental Stores, and Online Store): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global edible oils and fats market was valued at around USD 88.70 billion in 2017 and is expected to reach approximately USD 146.21 billion by 2024, growing at a CAGR of around 7.4% between 2018 and 2024.
Most of the edible fats and oils consist of triacylglycerides, which differ in the fatty acid compositions to a certain extent. Acyl lipids and unsaponifiable fraction are the other constituents that consist of less than 3% of the oils and fats total composition. Most of the edible oils produced from plant and based on the process used for oil recovery is classified as seed oil and vegetable oil. In the human body, fats act as a source of concentrated energy. In addition, fats also act as a carrier of water and fat soluble vitamins such as A, B, C, D, E, & K. Naturally occurring oil undergoes refining process in order to produce pure, odorless, and light-colored edible oil.
Browse through 237 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Edible Oils and Fats Market Size & Share Demand 2017 Report: Industry Type, Growth Analysis, and Forecast, 2024”.
Request Free Sample Report of Global Edible Oils and Fats Market Report @ https://www.zionmarketresearch.com/sample/edible-oils-fats-market
The global edible oils and fats market is projected to exhibit substantial growth in the near future. The growth of the market for edible oils and fats is primarily due to the increasing consumption of oils & fats coupled with an increasing number of innovative product offerings in the market. Moreover, the rising number of food chains, restaurants, and hotels are anticipated to boost the demand for edible oils and fats within the forecast period. Increasing popularity of processed and packaged food products in the emerging countries is also propelling the demand for the edible oils and fats market. However, the high cost of raw materials in the production of oils and fats products may restrain the growth of the edible oils and fats market over the forecast period.
Based on the product type, the market is classified into vegetable & seed oil, spreadable oils and fats, olive oil, cooking fats, and others. Vegetable & seed oil market segment is further classified into soybean, sunflower oil, palm oil, canola oil, and others. Spreadable oil and fats segment is further classified into margarine and butter. Vegetable & seed oil segment accounted for a significant market share in terms of revenue in 2017 and is anticipated to grow at the highest CAGR over the forecast period owing to its increased consumption in the household sector. Spreadable oils and fats are another important segments anticipated to exhibit considerable market growth within the forecast period. The growth is largely due to growing incline of the young population towards junk food including pizza and burger. Based on the source, the market is divided into plant and animal. Plant-based oils segment is growing at a significant growth rate owing to its certain health benefits. Based on the distribution channel, the edible oils and fats market is classified into supermarket, hypermarket, convenience stores, departmental stores, and online stores. Supermarket and hypermarket segments are the fastest growing segments. Online store segment is projected to exhibit considerable market share in the near future due to the increasing number of online customers and changing consumer buying behavior.
Download Free Report Brochure: https://www.zionmarketresearch.com/requestbrochure/edible-oils-fats-market
Currently, the edible oils and fats market in the Asia Pacific is growing at the highest CAGR and is accounted for the largest market share in terms of revenue in 2017. High consumption of edible fat and oil coupled with growing population are the major factors driving the growth of the edible oils and fats market in the region. The growing demand for nutritious and healthy cooking oil coupled with a growing inclination towards healthy lifestyles is expected to boost the edible oils and fats market growth during the forecast period.
Europe is expected to exhibit enormous development in the edible fat and oil consumption rates due to changing lifestyles and increasing awareness of vegetable oil health benefits. Germany is the dominant country in the overall Europe market for edible oil and fat. Rising healthcare expenditure, continuously evolving retail sector, and increasing consumer preference for healthy and nutritious foods containing oil are the key factors projected to enhance the edible oils and fats market growth in Europe over the forecast period.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/edible-oils-fats-market
The market for edible oil and fat in North America is driven by growing health-conscious population and increasing research and development activities in the area of oil extraction and fat processing. Improved standard of living, changing pattern of food consumption, and incorporation of a healthy diet are the key factors projected to boost the growth of the edible oils and fats market in the region during the forecast period.
The market for edible oils and fats in the Middle East and Africa is growing at a moderate pace due to the increasing middle-class population and growing consumer spending on healthy and nutritious food products. The increasing market penetration by oil and fat brands and growing consumption of olive oil coupled with rising health awareness is projected to fuel the growth of the market for edible oil and fat in the Middle East and Africa in the near future. In Latin America, the market for edible oil and fat is expected to exhibit considerable growth over the forecast period. The growth is anticipated to enhance by growing implementation of research and development in the field of oil extraction and refining processes.
Browse the full "Edible Oils and Fats Market By Type (Vegetable & Seed Oil (Soybean, Sunflower Oil, Palm Oil, Canola Oil, and Others), Spreadable Oils And Fats (Butter, Margarine), Olive Oil, Cooking Fats, And Others), By Source (Plant and Animal), By Form (Liquid and Solid), By Distribution Channel (Supermarket, Hypermarket, Convenience Stores, Departmental Stores, and Online Store): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/edible-oils-fats-market
The key players are focusing on several inorganic and organic growth strategies along with extensive research & development activities in order to sustain the existing market position. Some of the key players included in the global edible oils and fats market report are Unilever plc, Cargill Inc., International Foodstuff Company Limited, American Vegetable Oils, Inc., Fuji Vegetable Oil, Inc., Beidahuang Group, ConAgra Foods Inc., Ajinomoto Co., Inc., Bunge Limited, United Plantations Berhad, CHS Inc., Mother Dairy, Wilmar International Limited and Associated British Foods plc.
Know More About Discount on This Report: https://www.zionmarketresearch.com/requestdiscount/edible-oils-fats-market
This report segments the global edible oils and fats market as follows:
Global Edible Oils and Fats Market: Type Segment Analysis
- Vegetable & Seed Oil
- Soybean
- Sunflower Oil
- Palm Oil
- Canola Oil
- Others
- Spreadable Oils and Fats
- Butter
- Margarine
- Olive Oil
- Cooking Fats
- Others
Global Edible Oils and Fats Market: Source Segment Analysis
- Plant
- Animal
Global Edible Oils and Fats Market: Form Segment Analysis
- Liquid
- Solid
Global Edible Oils and Fats Market: Distribution Channel Segment Analysis
- Supermarket
- Hypermarket
- Convenience Stores
- Departmental Stores
- Online Store
Global Edible Oils and Fats Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
More Related Reports:
- Dairy Ingredient Market: https://www.zionmarketresearch.com/report/dairy-ingredients-market
- Protein Supplements Market: https://www.zionmarketresearch.com/report/protein-supplements-market
- Omega 3 Ingredients Market: https://www.zionmarketresearch.com/report/omega-3-ingredients-market
- Cold Chain Market: https://www.zionmarketresearch.com/report/cold-chain-market
- Frozen Seafood Market: https://www.zionmarketresearch.com/report/frozen-seafood-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://www.intenseresearch.com | http://www.mrsresearchgroup.com | http://www.marketresearchtrade.com | https://qyresearchgroup.com | http://marketnreports.com | https://zmrnewsjournal.us | http://www.e-marketresearch.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com