Palm Oil is the largest segment driving the growth of Edible Oils Market
SWOT Analysis
Strengths: High demand from food industry, affordable prices of raw materials.
Weaknesses: Price volatility of raw materials, health concerns regarding partially hydrogenated oils.
Opportunities: Growth of organic and non-GMO oils segment, new product launches.
Threats: Stringent regulations, availability of substitutes.
Key Takeaways
The Global Edible Oils Market Size is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing health consciousness among consumers. The Asia Pacific region currently dominates the global edible oils market, accounting for more than 50% share. China, India, and Indonesia are the major edible oils markets in the region owing to rising income levels, expansion of food industries, and growing population.
Regional analysis: The edible oils market in North America is growing at a steady pace due to shifting consumption patterns. There is rising demand for non-GMO and organic oils in the US and Canada. In Europe, Italy, Spain, Germany and France account for over 60% of the regional edible oils market.
Key players operating in the edible oils market are Adani Wilmar Ltd., Ruchi Soya Industries Ltd, Associated British Foods plc, Archer Daniels Midland Company, Beidahuang Group, Bunge Limited, Borges Mediterranean Group, Cargill Incorporated, Fuji Vegetable Oil, Inc., Adams Group, American Vegetable Oils, Inc., and Olympic Oils Limited.
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