This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy

Cooking Oil Market

Cooking Oil Market

Cooking Oil Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Cooking Oil Market
FACT670MR
  • Mar-2022
  • List of Tables : 158
  • List of Figures : 120
  • 170 Pages
  • Food & Beverage

Introduction

Global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026).

With increasing awareness regarding various lifestyle diseases such as diabetes, high cholesterol and obesity, health and fitness has gained high focus among individuals.

They are becoming more aware regarding use of appropriate quantity of cooking oils. With this fact in focus, manufacturers have been producing cooking oils with high nutrient value and less fatty matter.

Increasing incidences of cardiovascular diseases across the globe has prompted individuals to consume health cooking oils.

For example, in United States, around 610,000 people die owing to heart disorders every year (According to American Health Association).

Ever since, scientists have researched upon best cooking oils for consumption. This is likely to impact the growth of the cooking oil market during the assessment period.

cooking oil market

According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period.

Health advantages associated with the consumption of various vegetable oils such as olive oil, coconut oil and canola oil is expected to influence the sales of cooking oils.

Manufacturers of cooking oils have introduced new brands that are rich in nutrient value thus promoting health.

For example, Avnash Industries Ghana Ltd., has introduced Lafia cooking oil that is rich in nutrients and is a refined form of palm oil fortified with Vitamin A.

Other key participants profiled in this research report include

  • Archer Daniels Midland Company
  • American Vegetable Oils Inc.
  • Cargill Incorporated
  • Sime Darby Sdn Berhad.

Avail customized purchase options for your needs

Asia Pacific Excluding Japan to Witness Increased Consumption and Demand for Cooking Oils

Sales of cooking oil across various regions in the globe has been significantly increasing since the past several years.

However, emerging economies in the Asia Pacific excluding Japan (APEJ) region are expected to largely contribute to the growth of the cooking oil market.

This is mainly driven by increasing population growth across countries in Asia Pacific excluding Japan (APEJ), especially China and India that are highly populated (Chinese population in 2017 was 1,409,517,397 and has touched 1,415,045,928 in the first four months of 2018 and is still growing).

Moreover, governments in these regions are supporting the development of healthy cooking oils, considering the increasing health disorders and chronic diseases.

In China, rates of chronic diseases is on the higher side with high expenses on medications.

Consequently, cooking oil manufacturing companies in China started introducing new healthy cooking oils that DHA (docosahexaenoic acid) algal oil in order to prevent or reduce heart diseases and other health issues.

With growing domestic demand for cooking oils in the APEJ region, the sales of cooking oil in this region is expected to grow exponentially to reach a significant value by the end of the year of assessment.

APEJ is expected to reflect high market attractiveness for cooking oils during the assessment period.

Moreover, another factor contributing to the increasing sales of cooking oils is the channel of distribution preferred by manufactures.

Apart from convenience stores, or supermarkets and hypermarkets, distributors of cooking oil are using online sales channel to enhance their reach consequently improving the sales of cooking oils.

Additionally, using online sales channel also offers additional benefits apart from cooking oil delivery at homes.

People can avail lucrative discounts and promotional offers on various cooking oil brands. This has accelerated the growth in sales of cooking oils across regions.

An Adaptive Approach to Modern-day Research Needs

Market segmentation

  • Region

    • North America
    • Latin America
    • Europe
    • Japan
    • APEJ
    • MEA
  • Fuel

    • Soy Oil
    • Sunflower Oil
    • Corn Oil
    • Palm Oil
    • Olive Oil
    • Canola Oil
    • Coconut Oil
    • Sesame Oil
  • Category

    • Refined
    • Semi-Refined
    • Unrefined
  • Nature

    • Organic
    • Conventional
  • Sales Channel

    • Departmental Stores
    • Hypermarkets & Supermarkets
    • Discounters
    • Online Store
    • Convenience Store
    • Other Sales Channel

- FAQs -

The global market is segmented on the basis of Region, Fuel, Category, Nature and Sales Channel.
The global market is poised to expand at a CAGR of 5.5% by the end of forecast period.

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Borneo Tallow Nut Oil or Sal nut oil Market

Borneo Tallow Nut Oil or Sal nut oil Market research report covers detailed information on Global Bo...

Avocado Oil Market

Avocado Oil Market is expected to register a CAGR of over 8% during the forecast period, 2019-2029. ...

Pennyroyal Oil Market

The global pennyroyal oil market is likely to witness a healthy CAGR during 2019-2029, owing to the ...

Palm Oil Market

Palm Oil Market is poised to reach nearly US$ 50 Bn by 2031, growing at a CAGR of nearly 5% during t...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.