The Business Research Company’s Fats And Oils Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Fats And Oils Global Market Report 2023 evaluates fats and oils market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global fats and oils market is expected to grow from $240.69 billion in 2027 at a rate of 6.1%. The market is then expected to grow at a CAGR of 6.2% from 2027 and reach $325.80 billion in 2032.
During the forecast period, the increasing demand for vegetable oil in the energy and cosmetic industries will support the growth of the fats and oils market. Manufacturers are using vegetable oils instead of lubricants due to increased awareness of the sustainable usage of fossil fuels. They are now being used for non-chemical, ecological type of production in industries such as paints, lubricants and paper. Non-food applications, particularly oleochemicals, make for a significant share of the market. Oleochemicals are derived from oils and fats. Oleochemicals derived from palm oil have a better odor and color than those derived from low-grade animal fats. After processing, the lubricating quality of vegetable oils makes them adaptable and aids in the operation of machinery, making them a viable alternative to fossil fuels. With many manufacturers utilising vegetable oils as lubricants, demand for vegetable oils will increase, positively influencing the market.
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The fats and oils market segments in the report are:
1) By Type: Fats; Oils
2) By Product Type: Palm Oil; Sunflower Oil; Olive Oil; Soybean Oil; Rapeseed Oil; Other Product Types
3) By Source: Plants; Animals
4) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels
5) By Application: Food And Beverages; Personal Care; Pharmaceutical; Animal Feed; Other Applications
The table of contents in TBRC’s fats and oils market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
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- Market Background: Syrup, Seasoning, Oils, And General Food Market
- Opportunities And Strategies
- Fats And Oils Market, Conclusions And Recommendations
- Appendix
- Copyright and Disclaimer
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