Edible Oils And Fats Market Scope And Analysis

Report Code : TIPRE00030249
Category : Food and Beverages

Status : Published
No. of Pages : 150

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Edible Oils and Fats Market Analysis, Trends, and Scope 2023 to 2030

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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 Oil Fats By Application Food and Beverages Animal Nutrition Pharmaceuticals and Nutraceuticals
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	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

COVID-19 Pandemic Impact:

The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel bans, and business shutdowns in leading countries in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) negatively affected the growth of various industries, including the food & beverage industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and non-essential products. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. In addition, the bans imposed by various governments in Europe, Asia, and North America on international travel forced the companies to put their collaboration and partnership plans on a temporary hold. All these factors hampered the food & beverages industry in 2020 and early 2021, thereby restraining the growth of the edible oils and fats market.

Competitive Landscape and Key Companies:

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. are among the prominent players operating in the global edible oils and fats market. These edible oils and fats manufacturers offer cutting-edge extract solutions with innovative features to deliver a superior experience to consumers.