Edible Oils

Edible Oils Market by Source (Avacado, Corn, Grape Seed), Type (Conventional, Organic), Packaging, End-User - Global Forecast 2024-2030

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[182 Pages Report] The Edible Oils Market size was estimated at USD 104.19 billion in 2023 and expected to reach USD 109.38 billion in 2024, at a CAGR 5.20% to reach USD 148.66 billion by 2030.

Edible Oils Market
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Edible or cooking oil is fat extracted from plant, animal, or microbial origin, which is liquid at room temperature and suitable for preparing food. The surge in fast food consumption and growing awareness regarding the availability of cold pressed are accelerating their sales worldwide. The increasing need for organic edible oil and rapid development and expansion in the food sector are increasing the use of edible oil. However, the volatility of raw material prices, including coconut, sunflower, canola, and safflower, may increase oil prices and hamper market growth. Moreover, the ongoing development of innovative packaging to enhance the shelf life of edible oil, along with government support to improve the production of edible oil, is expected to increase the production and use of edible oil across food industries across the globe.

Regional Insights

The edible oils market is evolving in the Americas due to the rapid expansion of food processing industries and major market players the region. The Asia-Pacific region is expected to show significant growth potential due to the increased production of oilseeds and government initiatives for oilseed cultivation and availability. For instance, the government has implemented the National Mission on Edible Oil (NMEO) for the growing demand for edible oil, such as sesame oil, groundnut oil, safflower oil, and palm oil, among others. The elevating consumer living standards and the increasing penetration of international culinary trends further augment the demand for high-quality product variants in the EMEA region, such as olive oil, sesame oil, and flaxseed oil. The growing focus of developing and developed nations to increase cultivation and production to reduce reliance on imports is expected to create immense potential for the growth of the edible oils market worldwide.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Edible Oils Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Edible Oils Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Edible Oils Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Edible Oils Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Edible Oils Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Edible Oils Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Edible Oils Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Edible Oils Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Edible Oils Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Edible Oils Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Edible Oils Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Edible Oils Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Edible Oils Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Bunge acquires edible oil refinery in Louisiana

    Bunge, a leading agribusiness company, recently acquired a state-of-the-art edible oil refinery plant to broaden their portfolio in the edible oil market. This strategic move reaffirms Bunge's commitment to providing high-quality products to their customers. With the acquisition of this facility, Bunge gains access to new capabilities and technologies that will enhance their operations and support their growth in the industry. The company is poised to provide a wider range of options and solutions to meet the evolving demands of their customers in the edible oil market. Bunge's investment in this refinery demonstrates their dedication to serving their customers with excellence and maintaining a competitive edge in the market. [Published On: 2023-04-10]

  • Cargill Edible Oil Brand NatureFresh Launches a Refreshed Brand Campaign

    Cargill's NatureFresh, a leading brand in the edible oil market, has recently launched a refreshed brand campaign to further strengthen its position in the industry. This campaign reflects the brand's commitment towards providing consumers with high-quality, natural and healthy edible oil products. With its state-of-the-art facilities and advanced technology, NatureFresh delivers a range of edible oils that cater to diverse cooking needs. The brand's refreshed campaign emphasizes its dedication towards promoting a healthy lifestyle, and highlights the importance of choosing the right kind of edible oil. As a professional player in the market, Cargill's NatureFresh will undoubtedly continue to deliver remarkable products that cater to a wide range of consumer needs. [Published On: 2023-03-30]

  • Olleco Bunge, has announced the acquisition of Rafrinor, S.L. and Discoil, S.L. two used cooking oil collectors and processors in Spain, as part of its expansion plans in Europe

    As part of its expansion plans in Europe, Bunge has announced the acquisition of Rafinor and Discoil, two used cooking oil collectors and processors in Spain. This move is a strategic step towards Bunge's goal of increasing its global presence in the edible oils market. With the acquisition, Bunge will be able to extend its customer base, fortify existing relationships, and offer a wider range of products and services to customers in Spain. Bunge is a well-established player in the edible oils market and this acquisition is expected to further strengthen its position in the industry. With this move, Bunge demonstrates its continued commitment to serving its customers' evolving needs in the most innovative and sustainable way. [Published On: 2023-03-27]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Edible Oils Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Edible Oils Market, highlighting leading vendors and their innovative profiles. These include 3F Industries Ltd., ACH Food Companies, Inc., Adani Group, AJWA Group, American Vegetable Oils, Inc., Archer Daniels Midland Company, Avofnc Inc., Borges International Group, S.L., Bunge Limited, Canada Pride Foods Inc., Carapelli Firenze S.p.A., Cargill, Incorporated, CHS Inc., Cobram Estate Olives Limited, COFCO, Conagra Brands, Inc., FEDIOL, Flexs Trading LLC, Fuji Oil, GrainCorp Limited, Guaranty Oils, Henry Lamotte Oils GmbH, IOI Corporation Berhad, J-OIL MILLS , INC., Kuala Lumpur Kepong Berhad, Lam Soon Group, Liberty Oil Mills, Maroli Olives, Musim Mas Group, Nestle S.A., Ngo Chew Hong Edible Oil Pte Ltd, Nisshin Oillio Group Ltd., Olam International Limited, Olenex Sàrl, Patanjali Foods Ltd., Peerless Holdings Pty Ltd, Preston Oil Limited, Pure Oil New Zealand Ltd., Purti Vanaspati Pvt. Ltd., Ragasa - Derechos Reservados, Richardson Oilseed Ltd., Salad Oils International Corporation, Sunora Foods, Tirumalla Edible Oils & Foods, Titan Oils Inc., UEDA OILS & FATS MFG. CO.,LTD., and Vijay Solvex Ltd.

Edible Oils Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Edible Oils Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Source
    • Avacado
    • Corn
    • Grape Seed
    • Olive
    • Palm
    • Peanut
    • Pumpkin Seed
    • Rapeseed
    • Safflower
    • Soybean
    • Sunflower
  • Type
    • Conventional
    • Organic
  • Packaging
    • Flexible Packaging
      • Plastic Pouches
      • Stand-up Pouches
    • Rigid Packaging
      • Glass Bottles
      • High Density Polyethylene (HDPE) Containers
      • Polyethylene Terephthalate (PET) Bottles
      • Tin Containers
    • Semi-rigid Packaging
      • Bag-in-box Packaging
      • Liquid Packaging Cartons
  • End-User
    • Domestic
    • Industrial

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Edible Oils Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Edible Oils Market, by Source
  7. Edible Oils Market, by Type
  8. Edible Oils Market, by Packaging
  9. Edible Oils Market, by End-User
  10. Americas Edible Oils Market
  11. Asia-Pacific Edible Oils Market
  12. Europe, Middle East & Africa Edible Oils Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 656]
  17. List of Companies Mentioned [Total: 47]
Edible Oils: A New Era of Packaging and Plant-Based Products
June 22, 2023
BLOG
Edible Oils: A New Era of Packaging and Plant-Based Products
Edible oils have been used for centuries and play a vital role in our daily lives, whether we consume them directly or indirectly. Cooking oil is a primary ingredient in almost every recipe, and it also serves as a carrier for various flavors and spices. With the advancement in technology and packaging, the edible oil industry is undergoing a revolution in packaging and products. Consumers are increasingly becoming conscious about their health and the environment, which has led to the introduction of plant-based edible oils and innovative packaging techniques.

First and foremost, the packaging of edible oils is undergoing significant changes. Traditional tin and plastic bottles are replaced with eco-friendly and sustainable packaging options. One such packaging is made from recycled paper and has a biodegradable lining, which makes it perfect for environmentally conscious customers. Companies are also introducing air-sealed and tamper-proof plastic pouches, which are not only user-friendly and durable but also keep the oil fresh for longer.

Another exciting trend in the edible oil industry is the introduction of plant-based products. Plant-based oils are being produced due to consumers' growing awareness of the health risks linked with refined oils. Coconut, avocado, and rice bran oils are some popular plant-based oils rich in nutrients and antioxidants. These oils not only help in maintaining good cholesterol levels but also aid in weight loss and digestion.

Moreover, plant-based oils are also essential for those following a vegan and vegetarian diet which are an excellent source of healthy fats and provide the necessary nutrients for people who avoid animal products, enabling companies to cater to a larger audience and increase their customer base.

Apart from health benefits, plant-based oils also positively impact the environment. The production of refined oils involves harmful chemicals and pesticides, leading to soil and water pollution. In contrast, plant-based oils are produced using natural methods and do not harm the environment. Furthermore, plant-based oils are also recyclable, reducing the carbon footprint and waste.

Another significant trend in the edible oil industry is the shift towards organic and non-GMO products. Customers are becoming more selective about their diets and desire products that don't contain dangerous chemicals or pesticides. Organic and non-GMO oils are produced using natural methods and do not have any adverse effects on the environment and health.

The edible oil industry is undergoing a significant transformation, primarily driven by the introduction of plant-based oils and sustainable packaging. Consumers are increasingly becoming conscious about their health and the environment, which has led to a shift towards organic and non-GMO products. Moreover, introducing plant-based products has enabled companies to cater to a larger audience, including vegans and vegetarians. These new developments in the edible oil sector are beneficial for the environment as well as for the well-being of humans. As a consumer, it is essential to make informed choices and opt for sustainable, healthy, and eco-friendly products.

Frequently Asked Questions
  1. How big is the Edible Oils Market?
    Ans. The Global Edible Oils Market size was estimated at USD 104.19 billion in 2023 and expected to reach USD 109.38 billion in 2024.
  2. What is the Edible Oils Market growth?
    Ans. The Global Edible Oils Market to grow USD 148.66 billion by 2030, at a CAGR of 5.20%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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