Zero-Calorie Oil Market Forecast and CAGR
According to the latest research by FACT.MR, zero-calorie oil market is set to witness steady growth during 2021-2031. Future growth will be driven by innovations in cooking oil formulations and increased consumer awareness of the relationship between their immunity and digestive health, and overall wellbeing.
Moreover, the government of various countries such as the U.S. Sweden, Canada and Japan are taking initiatives and promoting adequate intake of organic and non-genetically modified zero-calorie oil due to potential health benefits. This is expected to create new opportunities for players operating in the global cooking oil market.
Reliability, Wellness And Quality Conscious Consumers Are Driving Demand For Zero-Calorie Oil Market.
Among the various cooking oils, palm oil and soybean oil have gained maximum shares in the market across the globe, as these provide a number of health benefits such as reducing cholesterol levels, boost brain health, enhances vitamin A in the body, and also improves skin and hair health, thus anticipating the demand for zero-calorie oil.
Quality certification is important for manufacturers to survive the competition in the industry. These certifications rely on laboratory examinations to assure product quality of zero-calorie oil. Certifications also ensure that food quality and quantity are maintained.
Consumers blindly trust products that are approved by regulatory bodies such as IFS Food, HALAL, ISO 9001, GMP + B2, ISO 14001, OHSAS 18001, KOSHER, and ISCC which increase the demand for those products.
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The Changing Food Landscape Demands Urgent Adaptation, Hence Increasing the Demand for Zero-Calorie Oil
Olive oil is frequently used by those who are trying to reduce weight, healthy eaters, and those who follow the Mediterranean Diet. Health has been a major driving force in the consumption of food and beverages only after taste and price due to the alarming rise in health problems.
This has resulted in consumers taking preventive measures by being selective of the products, hence increasing the demand for zero-calorie oil.
This is mainly seen in consumers who are aware of the various claims and certifications that are present for such products. Zero-calorie oil is prepared from various natural sources and has vitamins and minerals that are essential for maintaining the proper metabolic functioning of the body.
US and Canada Demand Outlook for Zero-Calorie Oil Market
Because of the growing frequency of obesity and related disorders in the North American market, dietary authorities are advising people to consume zero-calorie oil.
Consumers in all age groups are becoming more health-conscious and are focused on staying disease-free and fit. Manufacturers have started offering healthier products that are enriched with gamma-oryzanol, antioxidants, and others. This has led to consumer demand for more zero-calorie oil in the market.
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Europe Demand Outlook for Zero-Calorie Oil Market
Since the year 2017, over 48% of Europe's population has been actively reducing high-calorie and fat-containing desserts. As a result, manufacturers have come up with new ways to produce zero-calorie oil. Zero-calorie oil reduces inflammation, prevents “bad” LDL cholesterol from oxidation, strengthens blood vessel lining, and may help prevent blood clotting.
Zero-Calorie Oil Market: Key Players
Some of the key players manufacturing zero-calorie oil are as follows
- Ansar Healthy Living
- La Tourangelle
- Chosen Foods
- Smart Balance
- Trader Joe's
- KIRKLAND SIGNATURE,
Product innovation is a key strategy for the manufacturers operating in the field of cooking oils in order to sustain themselves in this industry. The companies operating in this field resort to extensive research and development activities to bring out new offerings to their consumers.
Manufacturers have opportunities in terms of adding innovative benefits to the products in terms of health and nutrition.
Furthermore, new upcoming players producing zero-calorie oil should specifically focus on incorporating more advanced processing technologies, which are not just economical but also environmentally friendly as well.
Also, they should venture into Non-GMO crop cultivators, as a large segment of the world’s population is shifting towards Non-GMO and organic diets.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Zero-Calorie Oil Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Zero-Calorie Oil: Key Segments
On the basis of product type, zero-calorie oil market can be segmented as:-
On the basis of distribution channel, zero-calorie oil market can be segmented as:-
- Super Markets/ Hyper Markets
- Convenience Stores
- Specialty Stores
- Online Retail
On the basis of end use, zero-calorie oil market can be segmented as:-
- Food & Beverage Processing Industry
Based on the region, zero-calorie oil market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, Argentina and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, South Korea, Malaysia, Indonesia, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
Note: Although care has been taken to maintain the highest levels of accuracy in FACT.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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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.
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