Categories: Food & Beverages

Oils Global Market Size, Share Report, Growth, Analysis, Key Players, Revenue, Future Trends and Forecast 2033 | Unilever PLC, Saudi Aramco, Gazprom, Eni S.p.A., Symrise AG

Overview and Scope
Oils are fatty liquids extracted from plants, animals, or synthetic substances used in frying, baking, and food preparation. The primary purpose of these oils is to extend the shelf life of the product but also serve as a natural flavoring ingredient.

Sizing and Forecast

The oils market size has grown strongly in recent years. It will grow from $84.19 billion in 2023 to $89.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%.  The growth in the historic period can be attributed to industrialization, global population growth, economic development, political stability, culinary diversity, infrastructure development.

The oils market size is expected to see strong growth in the next few years. It will grow to $110.86 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.  The growth in the forecast period can be attributed to renewable energy policies, health and wellness trends, climate change initiatives, shift to plant-based diets, government regulations, emerging market demands. Major trends in the forecast period include technological integration in agriculture, technological innovation in extraction, innovation in packaging, clean label products, sustainable practices..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/oils-global-market-report

Segmentation & Regional Insights
The oils market covered in this report is segmented –

1) By Oil Type: Palm Oil, Soybean Oil, Canola Oil, Sunflower Oil, Other Oil Types
2) By Form: Liquid, Solid
3) By Source: Fruits And Vegetables, Herbs And Spices, Flowers
4) By Method Of Extraction: Distilation, Carbon Dioxide Extraction, Cold Press Extraction
5) By Application: Food Industry, Biofuels, Other Applications

Asia-Pacific was the largest region in the oils market in 2023. It is expected to be the fastest-growing region in the oils market report during the forecast period. The regions covered in the oils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9827&type=smp

Major Driver Impacting Market Growth
The increased demand for food is expected to propel the growth of the oils market going forward. Food refers to a substance mostly made up of protein, carbohydrates, fat, and other nutrients that is used by a human’s body to provide energy and support development and other important processes. Oils such as olive oil, canola oil, and sunflower oil, which are known for monounsaturated fats, are used in food preparation of food which decrease the risk of heart and cardiovascular disorders and raise healthy cholesterol levels. For instance, in September 2023, according to a report published by the United States Department of Agriculture, a US-based government agency, food expenditures represented 12.8 percent of the total spending by U.S. households in 2022, marking a an increase from the 12.4 percent recorded in 2021.   Furthermore, in 2022, according to a global report on the food crisis published by the World Food Programme, there could be up to 205 million people who are severely food insecure and in need of immediate assistance. Therefore, the increased demand for food is driving the growth of oils market going forward.

Key Industry Players
Major companies operating in the oil market are developing innovative products such as bioengineered oils to meet larger customer bases, more sales, and increase revenue. Bioengineered oils are synthetic or modified oils produced through genetic engineering processes using microorganisms, plants, or algae, offering sustainable and tailored alternatives to traditional oils. For instance, in November 2022, C16 Biosciences, a US-based oil and fats-producing company, launched Palmless. Palmless, a unique bioengineered palm oil developed through fermentation, is poised to revolutionize numerous consumer industries by eliminating the need for environmentally detrimental agricultural sourcing in the global south. With this product, consumer goods companies can harness the advantages of palm oil without contributing to environmental devastation, as it is produced through a sustainable fermentation process, offering a responsible alternative.

The oils market report table of contents includes:
1. Executive Summary

  1. Oils Market Characteristics
  2. Oils Market Trends And Strategies
  3. Oils Market – Macro Economic Scenario
  4. Global Oils Market Size and Growth

…..

  1. Global Oils Market Competitive Benchmarking
  2. Global Oils Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Oils Market
  4. Oils Market Future Outlook and Potential Analysis
  5. Appendix

Explore the trending research reports from TBRC:
https://topprnews.com/animal-health-market-share

https://topprnews.com/bioprocess-analyzers-market

https://topprnews.com/autonomous-boats-market-growth

https://goodprnews.com/airlines-market

https://goodprnews.com/a2-milk-market

https://goodprnews.com/5g-core-network-market

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info

Healthcare Blog: https://healthcareresearchreports.com

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

22 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

22 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

22 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

22 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

22 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

22 hours ago