Edible oils are plant fats used for food preparation, salad dressings, baking, frying, and other forms of cooking. Olives, coconuts, mustard seeds, soybean, sesame seeds, and groundnuts are the major sources from which oil can be extracted. A Disturbed & sedentary lifestyle is leading to the inclination towards healthy food globally. Awareness regarding health is propelling the global population to opt for healthy options and thereby usage of unprocessed, healthy organics, and non-refined oils are growing extensively. Also, usage of organic health-based products, a hike in the consumption of better edible oils or cooking oils owing to increased health-conscious consumers, and an upsurge in the demand from various industries such as in the confectionery industry for candies production are majorly fueling the growth of the global edible oils market.
However, overuse of frying oils and certain edible oils is unhealthy and causes an increase in blood pressure, cholesterol, and vascular inflammation further hindering the market growth significantly. Furthermore, olive and coconut oil are being used extensively in bakery and cooking owing to their bland taste and ability to sustain the original flavor. Increasing urbanization is leading to a shortage of time therefore, the use of processed food is seen vigorously. Presently, food manufacturers are offering edible oils enriched with natural anti-oxidants, vitamins, omega 3 fatty acids, and other healthy ingredients which are fueling the growth of the global edible oils market.
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The global edible oils market is segmented Into Type, Nature, Packaging Type, End-User, Distribution Channel, and Region.
The Global Edible Oils Market outlook – APAC dominates the market among all the geographies.
Based on geography, the global edible oils market is bifurcated into North America, Europe, APAC, and the Rest of the World. APAC is leading the market owing to awareness for low-calorie food, increasing popularity, rising food & beverages industry, growing health consciousness & indispensable incomes of the consumers.
Prominent players of the global edible oils market:
Wilmar International Ltd., IFFCO, American Vegetable Oils Inc., ACH Food Companies Inc., Henry Lamotte Oils GmbH, SOVENA, Valtris Specialty Chemicals, SALAD OILS INTERNATIONAL CORPORATION, Olenex Sàrl, Basso Fedele, Archer Daniels Midland Company, Bunge Limited, Kaneka Corporation, Louis Dreyfus Company, SIFCA SA, ADM, Cargill Incorporated, Bunge Limited, Apetit Group, Bunge North America Inc., Adani Group, Hebany Group, Ruchi Soya Industries Ltd., Edible Oils Ltd., Olympic Oil Industries Limited, Figli, Sime Darby Plantation, Olam International Limited, George Weston Foods Limited, and Nutiva, among others.
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