Edible Oil Market Growth Driven by Mounting Demand for Palm Oil

Posted by niharika on July 10th, 2019

Global Edible Oil Market: Demand Analysis and Growth Forecast

The growing incidences of chronic diseases such as obesity and heart diseases are enticing people the adapt oils with omega-3 fatty acids to minimize the risk of such diseases. Edible oils such as polyunsaturated edible oils and monounsaturated edible oils including peanut oil, olive oil, walnut oil, and sunflower oil are used for cooking to avoid chronic diseases and lower cholesterol in the human body. For instance, olive oil is a monounsaturated fatty acid which is also used to lower the total cholesterol and low-density lipoprotein cholesterol levels. The major improvements in crop production, extraction of oil, retail sector, and growing economies are driving the growth of the global edible oil market. As per the findings of a newly published market research report by IndustryARC, the global edible oil market size was around to billion as of 2018 and the demand is projected at a compound annual growth rate (CAGR) of around 8% to 10% during the forecast period of 2019 to 2025. The report titled as, “Edible Oil Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth, and Forecast (2019 – 2025).”

Edible Oil Market: Leading Segments

APAC is the key region that is primed for growth and accounted for the largest share of around 40% to 42% in the edible oil market as of 2018. Palm oil imports in this region were 2,856,431 million tons in 2018, among which the Philippines imports maximum palm oil at about 689,238 million tons. Increasing consumption of palm in China, Indonesia, and India as it is a low-cost form of vegetable oil is propelling the growth of the edible oil market. Advanced innovative techniques for processing oils to offer them at affordable rates are also driving the growth of the edible oil market in the APAC region.

The analyst of the report has identified that retail-distribution channels hold the major share in the edible oil market and the demand is estimated to grow at a CAGR of around 6% to 8% during the forecast period of 2019 to 2025. Owing to the factors such as affordability, improved living standards, and changing consumer preferences are driving the demand for the edible oils in the retail sector. Growing demand for vegetable oils in cooking will increase the purchase of oils by households, which in turn benefits the retailers. Additionally, the adoption of enhanced techniques for processing the edible oil with purity will increase the demand for healthier oils in the market.

View Full Table Of Content Of Edible Oil Market:

https://www.industryarc.com/Report/16630/edible-oil-market.html

Edible Oil Market Trends

Packaging innovations in edible oil – the aerosol packaging coupled with edible oil packaging provides oxygen reduction in the package headspace and light exposure which are the key aspects in off-flavor development and lowering lipid oxidation, which keeps quality of oils enhanced and caters the edible oil market.
Microwave-assisted extraction (MAE) is an effective oil extraction method with rapid heating in a shorter time. This method enhances the extraction of high-quality oil and consumes less energy, which results in a significant reduction in environmental effects and costs.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=16630

Edible Oil Market: Competitive Landscape

Some of the key players operating in the edible oil market are Archer Daniels Midland, Fortune, Sihai, Wuhu, Xiyinyin, Weiyi, Kangsheng, Xianggufang, Bunge, Cargill, CHS, and Ingredion.
 
 
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
 
Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

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niharika
Joined: July 9th, 2019
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