According to the latest report by IMARC Group, titled, “Fats and Oils Market Size:Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026″, The global fats and oils market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during the forecast period.
Fats and oils are triglycerides or esters of glycerol with three fatty acids that occur naturally in plants and animals. They are a rich source of essential fatty acids (EFAs) that insulate organs, provide energy, and transport vitamins A, D, E, and K through the They are widely utilized for improving the taste and texture of food products and manufacturing animal feed, pharmaceuticals, biodiesel, and oleochemicals.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Base Year: 2020
Forecast Year: 2021-2026
Fats and Oils Market Trends:
The thriving food and beverage (F&B) industry represent one of the major factors bolstering the market growth. Apart from this, the increasing demand for oleochemicals in the production of lubricants, soaps, detergents, and paints around the world is contributing to the market growth. Moreover, key players are introducing products with no additives, preservatives and gluten,along with high protein levels. Furthermore, the rising environmental awareness among the masses and several initiatives undertaken by governments of numerous countries are driving the utilization of biodiesel.This, in turn, is creating a positive outlook for the market.
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Global Fats and Oils Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Ajinomoto Co. Inc., Archer-Daniels-Midland Company, Associated British Foods plc, Bunge Limited, Cargill Incorporated, Conagra Brands Inc., Fuji Oil Holding Inc., Unilever, United Plantations Berhad and Wilmar International Limited.
The report has segmented the market on the basis on region, type, material and end use industry.
Breakup by Type:
Shortenings and Margarine
Breakup by Application:
Breakup by Source:
Breakup by Sales Channel:
Supermarkets and Hypermarkets
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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