Fats and oils are widely utilized for both industrial uses as well as food applications across the globe. Diet fats and oils mainly play a pivotal role in encouraging the growth of cells and are also considered to be highly concentrated sources of energy. In addition to that, demand for edible fats and oils, a source of essential fatty acids (EFA), is being driven by the rising consumption of animal-based products. Consumers across the globe have become quite informed about the differences between healthy and unhealthy fats and oils. The majority of these consumers now highly express a greater willingness to considering and trying fats & oils extracted from non-traditional sources, along with perceived benefits of being sustainable, organic or non-bioengineered.
The fats and oils market has witnessed significant growth owing to factors such as wider application in food products, cosmetics & personal care items, animal feed, industrial products, and others. On account of the increasing health-consciousness, most of the consumers are readily embracing and seeking out specific animal-based and plant-based fats, which include fats from butter, eggs, olive oil, sunflower oil, and avocados. The adoption of butter-based fats is resurging on the back of its provision of a stellar performance in facilitating simple and clean ingredient labels. This is mainly because simple and clean labels are the new normal for Gen Z and Millennial consumers. Also, increasing reliance on natural cosmetics and personal care products is contributing to the fats and oil market growth since the plant and animal-based oils and facts are widely used in skincare, haircare, and other cosmetic products. However, fluctuating raw material prices and regulations on these products may hamper the growth of the fats and oils market. Nevertheless, with the steady growth in the food processing industry and the cosmetic industry, there are opportunities for the market players to invest in this market.
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The List of Companies
1. Ajinomoto Co., Inc.
2. Associated British Foods PLC
3. Bunge Limited
4. Cargill Incorporated
5. Conagra Foods, Inc.
6. Fuji Oil Holding Inc.
7. Olam International
8. The Archer Daniels Midland Company
9. Unilever PLC
10. Wilmar International Limited
The latest research report on the “Fats And Oils Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027” provides a comprehensive assessment of the Fats And Oils market for the forecast period from 2020 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Fats And Oils market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Fats And Oils Market in order to help decision makers with various strategic insights and future outlook. The Fats And Oils market is expected to witness continued growth during the forecast period from 2020 to 2027.
This is a professional and in-depth study on the current state of the Fats And Oils Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Fats And Oils Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Fats And Oils Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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