Edible Oils and Fats Market Size analysis and Forecast 2030
Le marché des huiles et graisses comestibles devrait passer de 52 920,00 millions de dollars US en 2022 à 78 686,61 millions de dollars US d’ici 2030 ; il devrait enregistrer un TCAC de 5,1 % de 2023 à 2030.
Aperçu du marché et point de vue des analystes :
Les graisses alimentaires sont obtenues à partir de matières premières d'origine animale telles que la graisse de porc (saindoux) et le suif ou d'origine végétale. Les transformateurs de viande sont les fournisseurs de matières premières des fabricants de graisses comestibles d’origine animale. Les fabricants ont des accords à long terme avec les industries de transformation de la viande pour un approvisionnement ininterrompu en matières premières. Les tissus adipeux du porc ou du bœuf sont coupés en petits morceaux et bouillis dans des digesteurs à vapeur, où la graisse est libérée dans l'eau. La graisse flotte à la surface de l’eau et est récupérée par écrémage. La matière membraneuse des tissus animaux est pressée dans une presse hydraulique où un supplément de graisse est obtenu. La graisse est séparée de la phase liquide dans une centrifugeuse de vidange.
Les graisses végétales telles que la margarine sont obtenues par hydrogénation de l'huile de soja, de l'huile de maïs ou de l'huile de carthame. L’huile est d’abord blanchie avec de la terre décolorante ou du charbon de bois pour éliminer l’odeur et la couleur indésirables. Il est ensuite passé dans de l'hydrogène gazeux sous haute pression, ce qui solidifie l'huile pour obtenir de la margarine. Il existe différents procédés pour fabriquer des huiles et graisses végétales.
Les huiles et graisses comestibles raffinées sont conditionnées dans des conteneurs et envoyées aux utilisateurs finaux tels que les industries de l'alimentation et des boissons, de la nutrition animale, ainsi que des produits pharmaceutiques et nutraceutiques, par l'intermédiaire de distributeurs et de fournisseurs. Cargill Incorporated, Bunge Limited, ADM, Fuji Oil Co Ltd et Kao Corporation comptent parmi les principaux fabricants d'huiles et de graisses comestibles à travers le monde.
Moteurs de croissance et défis :
Selon le Département de l’Agriculture des États-Unis (USDA), l’huile de soja est la deuxième huile végétale la plus consommée. Il est largement utilisé pour la friture, la cuisson, le shortening et la margarine. Selon l'Organisation de coopération et de développement économiques (OCDE), en 2022, la consommation d'huile végétale a atteint 249 millions de tonnes, le secteur alimentaire représentant la majeure partie. De plus, l’industrie de la confiserie utilise de manière significative le beurre comme ingrédient principal, suivi de la margarine. Les huiles et graisses comestibles de haute qualité sont utilisées dans la boulangerie et la confiserie, les produits laitiers et les desserts glacés, les collations, les plats prêts à manger (PAM) et prêts à cuisiner (RTC), ainsi que d'autres aliments et boissons. Les huiles et graisses raffinées sont une riche source de lipides. Ainsi, leur utilisation augmente en raison de l’augmentation de leur application et de la croissance de la population mondiale.OECD), in 2022, the consumption of vegetable oil reached 249 million metric tons, with the food sector accounting for the major share. Moreover, the confectionery industry significantly utilizes butter as a primary ingredient, followed by margarine. The high-quality edible oils and fats are used in bakery and confectionery, dairy and frozen desserts, snacks, Ready-to-Eat (RTE) and Ready-to-Cook (RTC) meals, and other food and beverage items. Refined oils and fats are a rich source of lipids. Thus, their use is increasing due to rising application and growing global population.
L'industrie de l'alimentation et des boissons dans diverses régions telles que l'Amérique du Nord et l'Asie-Pacifique est en croissance continue en raison d'une tendance croissante vers la durabilité, d'une préférence pour les produits pratiques et prêts à consommer, et d'une adoption croissante de produits biologiques et à base de plantes. L'industrie est témoin d'un mouvement important avec l'innovation dans les processus, les produits et les services pour répondre à l'évolution rapide des préférences des consommateurs. Selon le Bureau du recensement des États-Unis, les États-Unis comptaient 39 646 usines de fabrication d’aliments et de boissons en 2020. Parmi elles, la Californie, le Texas et New York en comptaient respectivement 6 116, 2 625 et 2 600. De même, l’industrie agroalimentaire est l’un des principaux contributeurs à l’économie européenne. Ainsi, l’industrie alimentaire et des boissons en pleine croissance à travers le monde stimule la demande d’huiles et de graisses comestibles.
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Marché des huiles et graisses comestibles : perspectives stratégiques
TCAC (2022 - 2030) (2022 - 2030)5,1%- Taille du marché 2022
52,92 milliards de dollars américains - Taille du marché 2030
78,69 milliards de dollars américains
Dynamique du marché
- Demande d’huiles et de graisses comestibles de l’industrie de transformation des aliments et des boissons
- Initiatives de développement stratégique des fabricants
- Adoption de la technologie de microencapsulation
- Demande croissante de shortenings végétaux et d’huiles faibles en gras
Joueurs clés
- Bunge Ltd
- Archer-Daniels-Midland Co
- Fuji Oil Co Ltd
- Kao Corp.
- AAK AB
- J-Oil Mills Inc.
- Cargill Inc.
- Groupe Olam Ltd
- ConnOils LLC
Aperçu régional
- Amérique du Nord
- L'Europe
- Asie-Pacifique
- Amérique du Sud et Centrale
- Moyen-Orient et Afrique
Segmentation du marché
Taper- Huile
Graisses- Beurre
- Margarine
- Shortening à base d’huile de palme
- Shortening à base d’huile végétale
- Autres
Application- Aliments et boissons
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Segmentation and Scope:
The "Global Edible Oils and Fats Market" is segmented on the basis of type, application, and geography. Based on type, the market is bifurcated into oil and fats. Based on application, the global edible oils and fats devided into food and beverages, animal nutrition, and pharmaceuticals and nutraceuticals. The oil segment held a larger share of the global
edible oils and fats market
in 2022. Based on geography, the edible oils and fats market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Chile, and the Rest of South & Central America).
Segmental Analysis:
Based on type, the edible oil and fats market is bifurcated into oil and fats. The oil segment held a larger share of the edible oils and fats market in 2022 and is expected to register a higher CAGR during the forecast period. Vegetable oils can be derived from seeds, cereal grains, nuts, and fruits. Olive, sunflower, palm, canola, coconut, safflower, corn, peanut, cottonseed, palm kernel, and soybean oils are among the most consumed oils. Generally, vegetable oils are used in food preparation, and crude oil is added for flavor. Vegetable oil is also used in the production of animal feed. Palm oils are easy to stabilize, and they maintain flavor quality and consistency in processed foods. Therefore, they are frequently favored by food manufacturers. Indonesia, Malaysia, Thailand, and Nigeria are among the biggest palm oil producers and exporters. Rising awareness related to health concerns associated with trans fats in hydrogenated vegetable oils propels the use of palm oil in the food industry. The agri-food industry is a significant consumer of palm oil, as it is used majorly in industrial baked goods, chocolate products, confectionery, ice creams, and even diet meal substitutes. Palm oil is a rich source of tocopherols and carotenoids, which confer natural stability against oxidative deterioration. Thus, the benefits and applications of palm oils in various end-use industries drive their demand across the world.
Regional Analysis:
The edible oil and fats market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The global edible oils and fats market was dominated by South & Central America and was estimated to be ~US$ 4,500 billion in 2022. The edible oils and fats market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The snack food sector in the region is expanding owing to the rising consumer preference for different snacking options such as frozen snacks, savory snacks, fruit snacks, confectionery snacks, and bakery snacks. Edible oils and fats play an integral role, as they provide distinctive flavors to food and provide unique and desirable functions in manufacturing snacks. For example, oils are the frying media for deep-fried food, and in pastries, vegetable oil-based shortenings are added to prevent the flour and other ingredients from clumping. Hence, the rising demand for different snacks and the benefits associated with the edible oils and fats propel the demand for edible oils and fats in the snacking sector in South & Central America.
Furthermore, the demand for edible oils and fats in end-use industries such as animal nutrition has seen a rise in the South & Central America. According to the Oil World, in 2022, China purchased around 70% of the Brazilian soybean oil, mainly for animal protein consumption. Moreover, expanding animal nutrition, pharmaceuticals, and nutraceutical industries drive the demand for specialized edible oils and fats. These industries require specific types of oils for various applications, such as in animal feed formulations and pharmaceutical formulations. As these sectors grow and diversify, the demand for their unique requirements increases, fuelling the edible oils and fats market growth in South & Central America.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the global edible oils and fats market are listed below:
- In October 2021, ADM, one of the prominent edible fat and oil manufacturers in the US, announced its plans to build the first-ever dedicated soybean crushing plant and refinery in North Dakota to cater to the fast-growing demand for soybean oil from the food and animal feed industries.
- In December 2021, ITOCHU Corporation, headquartered in Japan, announced their agreement through ITOCHU International Inc., headquartered in New York, US, for the establishment of Fuji Oil International Inc. in the US. With this agreement, the firm plans to strengthen the oil and fat business in North America.
Edible Oils and Fats Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 52.92 Billion |
| Market Size by 2030 | US$ 78.69 Billion |
| Global CAGR (2022 - 2030) | 5.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered | By Type
|
| Régions et pays couverts | Amérique du Nord
|
| Leaders du marché et profils d’entreprises clés |
|
- L'exemple de PDF présente la structure du contenu et la nature des informations avec une analyse qualitative et quantitative.
Impact de la pandémie de COVID-19 :
La pandémie de COVID-19 a affecté les économies et les industries de divers pays. Les confinements, les interdictions de voyager et les fermetures d'entreprises dans les principaux pays d'Amérique du Nord, d'Europe, d'Asie-Pacifique (APAC), d'Amérique du Sud et centrale, ainsi que du Moyen-Orient et d'Afrique (MEA) ont eu un impact négatif sur la croissance de diverses industries, notamment celle de l'alimentation et des boissons. industrie. La fermeture des unités de fabrication a perturbé les chaînes d’approvisionnement mondiales, les activités manufacturières, les calendriers de livraison et les ventes de divers produits essentiels et non essentiels. Diverses entreprises ont annoncé d'éventuels retards dans les livraisons de produits et une baisse des ventes futures de leurs produits en 2020. De plus, les interdictions imposées par divers gouvernements en Europe, en Asie et en Amérique du Nord sur les voyages internationaux ont contraint les entreprises à mettre leurs projets de collaboration et de partenariat à plus tard. en attente temporaire. Tous ces facteurs ont entravé l’industrie agroalimentaire en 2020 et début 2021, freinant ainsi la croissance du marché des huiles et graisses comestibles.
Paysage concurrentiel et entreprises clés :
Bunge Ltd, Archer-Daniels-Midland Co., Fuji Oil Co Ltd, Kao Corp, AAK AB, J-Oil Mills Inc, Cargill Inc, Olam Group Ltd, ConnOils LLC et Louis Dreyfus Co BV. font partie des principaux acteurs opérant sur le marché mondial des huiles et graisses comestibles. Ces fabricants d’huiles et de graisses comestibles proposent des solutions d’extraits de pointe dotées de fonctionnalités innovantes pour offrir une expérience supérieure aux consommateurs.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Manufacturers of edible fats and oils invest significantly in the expansion of business and production capacity to serve their customer base better and meet their consumer requirements. In December 2021, ITOCHU Corporation, headquartered in Japan, announced their agreement through ITOCHU International Inc., headquartered in New York, US, for the establishment of Fuji Oil International Inc. in the US. With this agreement, the firm plans to strengthen the oil and fat business in North America.
Based on type, oil segment mainly has the largest revenue share. Vegetable oils can be derived from seeds, cereal grains, nuts, and fruits. The most consumed oils are olive, sunflower, palm, canola, coconut, safflower, corn, peanut, cottonseed, palm kernel, and soybean. Generally, vegetable oils are used in food preparation, and crude oil is added for flavor. Vegetable oil is also used in the production of animal feed.
The major players operating in the global edible oils and fats market are are Bunge Ltd, Archer-Daniels-Midland Co, Fuji Oil Co Ltd, Kao Corp, AAK AB, J-Oil Mills Inc, Cargill Inc, Olam Group Ltd, ConnOils LLC, and Louis Dreyfus Co BV.
Consumers consider plant-based products healthier than conventional products. Rising health consciousness among consumers propels the demand for plant-based and low-fat products. Thus, manufacturers develop plant-based shortenings and low-fat oils to cater to the rising demand. Plant-based shortenings are non-hydrogenated and do not contain cholesterol and trans-fat. Thus, it is considered a healthier alternative to conventional shortenings. Moreover, the increasing prevalence of cardiovascular diseases, obesity, and diabetes over the years is expected to boost the demand for low-fat products such as low-fat oils among various industries, including bakery & confectioneries, dairy & frozen desserts, and snacking.
Asia Pacific accounted for the largest share of the global edible oils and fats market. The market growth is attributed to increasing demand for bakery products, especially breads, cakes, pastries, and muffins, coupled with the growing influence of Western culture on the millennial and Gen-z population in the region. The bakery sector in China witnessed tremendous growth, with retail sales of bakery products accounting for US$ 34 billion in 2020, according to the United States Department of Agriculture (USDA). Moreover, manufacturers of edible oils and fats actively operate across the region and offer edible oils and fats made with fine-quality oil or its fractions. Distinct melting profiles of butter and margarines, packaging types, and the expansion of antifoaming or antioxidant agents of edible oils and fats are available across the region and widely applicable in many end-use industries such as confectionery, bakery, dairy, and infant nutrition.
Based on the application, food and beverages segment is hold a significant share in the market. The demand for edible oils and fats, such as shortenings, is gradually increasing in bakery and confectionery segment as they lubricate the structure of bakery products and shorten or tender flour proteins. Fats and oils in the mixture hold many air cells incorporated during creaming, making the products smooth and creamy. Fats act as enriching agents, add calorie value to baked foods, and develop flakiness in products. The rising demand for baked products, including cakes, breads, cookies, and biscuits, significantly drives edible oils and fats utilization.
The List of Companies - Edible Oils and Fats Market
- Bunge Ltd
- Archer-Daniels-Midland Co
- Fuji Oil Co Ltd
- Kao Corp
- AAK AB
- J-Oil Mills Inc
- Cargill Inc
- Olam Group Ltd
- ConnOils LLC
- Louis Dreyfus Co BV
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published and advised several client across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organization are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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