Fats And Oils Market: Sales, Revenue, Gross Margin Analysis 2021 | Market Data Forecast

The Global Fats and Oils Market was worth USD 199.96 billion in 2016 and estimated to be growing at a CAGR of 4.4%, to reach USD 248 billion by 2021. Fats constitute one of the three main macronutrients. Oils are a special class of fats with shortened unsaturated fatty acids chains that exist in a liquid state at room temperature. Organic oils, although, may contain chemicals other than lipids since it is a mixture of proteins, waxes and alkaloids. Fats are generally used to refer to the solid type since the liquid ones are alternatively called oils. Fats like most other lipids are hydrophobic, implying that they don’t dissolve in water but dissolve in organic solvents.

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The market for fats and oils is not based simply on the fact that they are an important foodstuff for many forms of life. Edible fats are the ones that are used in diets while the inedible variety have a multitude of uses in industrial applications. Diet fats on the other hand are highly concentrated forms of energy and perform the vital role of promoting cell growth. Oils derived from rapeseed, palm, coconut etc are being used extensively in the manufacture of soaps.

The major driver of the fats and oils market is the rise in consumption of animal products which in turn leads to a rise in demand for high quality edible fats and oils. Since fats and oils form an essential part of human diet, the rise in population globally leads to a higher demand for edible fats. The changing consumer eating habits are also expected to drive the demand for fats and oils over the forecast period. As for the factors restraining the market, the increasing health concerns worldwide and consumers being more concerned about unhealthy eating practices are the major ones.

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The Global Fats and Oils market is broadly classified into Palm, Sunflower, Olive, Soybean, Rapeseed and others based on product type. Based on application, they are classified as Food, Industrial, Personal Care, Animal Feed and Pharmaceutical. They are further classified into butter, ghee, lard and suet on the basis of animal fats. Based on form they are classified into solid and liquid and based on source they are classified into plants and animals. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Fats and Oils Market is dominated by Asia-Pacific in 2016 with the next highest market share that of North America. The highest growth rate is witnessed in the Asia-Pacific region which also has the second highest market share. To put into perspective, Asia-Pacific dominates the market with 39% with North America a close second. Together they make up 70% of the market share.

Some of the major companies dominating the market, by their products and services include Cargill, Archer Daniels Midland Company, Bunge Limited, International Foodstuff Company Holdings Limited, Wilmar International, Associated British Foods, Ajinomoto, ConAgra Foods, Unilever PLC and United Plantations Berhad.

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The scope of the report provides:
·           The evaluation of the current market for your product or services and the future implications of the market
·           Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
·           Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
·           Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
·           The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
·           The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
·           Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
·           Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
·           Equip you with the information providing with the investment opportunities in the industry

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