Low Fat Cooking Oil: Market Outlook
The changing world of customer’s awareness now demands ambient stable with low saturated fats and low or no trans fats. Low-fat cooking oil basically plants, animal, or synthetic fat utilized in frying, baking, and other forms of cooking.
Low fat cooking oil is also used in food preparation and additive, not including heat, such as bread dips and salad dressings, and in this sense might be more precisely labeled as edible oil.
As consumers increasingly seek great taste, healthy options along with convenience and sustainability in daily diet to fuel their on-the-go lifestyles, the face of cooking oil is changing.
Moreover, consumers are constantly on the lookout for cooking oil that offer low-fat alternatives. Consumer’s inclination towards plant-based eco-relevant options due to lower levels of saturated fats and no trans-fat is escalating the demand for low fat cooking oil across the globe.
Moreover, the growth of urbanization and industrialization in emerging areas are driving the growth in foodservice channels offering affordable and convenient ready-to-eat meals. This has broadened the opportunity of applying for low-fat cooking oils.
Also, noticeable heights of innovation sustained to be witnessed in other low fat cooking oils, with growing penetration appreciated in coconut oil, where noteworthy growth through the hypermarket's channel facilitated to drive the total performance of other low-fat cooking oils.
Growing Application of Low Fat Cooking Oil Segment to Bolster the Market’s Growth Trajectory
The growing preference for plant-based oils as a better substitute to animal fats last to see growing demand. Sunflower oil in specific remains prevalent, however, consumer curiosity in rapeseed oil is anticipated to rise further, which is reflected in sales over the forecast period.
Low fat sunflower oils and olive oil are frequently considered the best low fat cooking oils due to their low monounsaturated fat content and being promoted as healthier oils, pleasing to the progressively health-conscious consumers.
Due to increasing awareness about wholesome food and healthy lifestyle consumers are preferring low cholesterol, fat-free and sugar-free products. Consumers are concentrating more on exercising and weight management and following a proper diet after consulting dieticians and doctors. The increasing health-conscious consumers are escalating the demand for low-fat cooking oil.
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Global Low Fat Cooking Oil: Key Players
Some of the key players of low fat cooking oil are as follows
- Conagra Brands Inc.
- Archer Daniels Midland Company
- Associated British Foods plc
- Bunge Limited
- CHS Inc.
- Richardson International Limited International Foodstuff Company Limited
- United Plantations Berhad
- Wilmar International Limited
- The JM Smucker Company
- Ventura Foods
- Unilever PLC
- Cargill Inc
Opportunities for Global Low Fat Cooking Oil Market Participants:
The market for low fat cooking oil is expected to witness strong growth rate during the forecast period fueled by investments done by market players for promotional activities, advertising campaigns, and social media marketing.
In terms of volume, North America accounts for the dominating share in the global low fat cooking oil market in 2019 due to increasing consumer focus on healthy nutrition. The region is likely to experience the significant growth in the next few years.
Thus, it is anticipated to maintain its dominance during the forecast period. Europe and Asia Pacific is predicted to offer fast-growing markets for low fat cooking oil during the forecast period. Increasing trend of low saturated fats and no trans-fat from the food industry is projected to drive the demand for low fat cooking oil market in these regions.
The low fat cooking oil market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the low fat cooking oil market, including but not limited to: regional markets, type, category, application, nature, distribution channel.
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The Report Covers Exhaustive Analysis on:
- Low fat cooking oil market segment
- Low fat cooking oil market dynamics
- Low fat cooking oil market size
- Low fat cooking oil supply and demand
- Current trends/issues/challenges pertaining to low fat cooking oil market
- Competition landscape and emerging market participants in low fat cooking oil market
- Technology related to production/processing of low fat cooking oil
- Value chain analysis of the low fat cooking oil market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
The low fat cooking oil market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the low fat cooking oil market report projects the attractiveness of each major segment over the forecast period.
An Adaptive Approach to Modern-day Research Needs
Highlights of the Low Fat Cooking Oil Market Report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the low fat cooking oil market
- Recommendations to companies for strengthening their foothold in the low fat cooking oil market
Global Low Fat Cooking Oil: Market Segmentation
On the basis of type, low fat cooking oil market can be segmented as
- Low Fat Soy Oil
- Low Fat Sunflower Oil
- Low Fat Olive Oil
- Low Fat Coconut Oil
- Others (Canola, Sesame, Palm)
On the basis of category, low fat cooking oil market can be segmented as
On the basis of application, low fat cooking oil market can be segmented as
- Food Industry
- Household (Retail)
On the basis of nature, low fat cooking oil market can be segmented as
On the basis of distribution channel, low fat cooking oil market can be segmented as
- Modern Trade
- Convenience Stores
- Departmental Store
- Specialty Store
- Online Retailers
- Other Sales Channels
NOTE: All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of FACT.MR.
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