Global Cooking Oil Market Overview:
Cooking oil contains plant, animal, and synthetic fat. It is used in frying and other cooking types. It is also used for salad dressing and bread drippings. Generally cooking oil is liquid at room temperature except for the oils that contain saturated fats. Cooking oil is composed of different fractions of fatty acids. Monosaturated and saturated oils are highly used for frying and cooking purposes.
As per latest study released by AMA Research, the Global Cooking Oil market is expected to see growth rate of 4.8%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Consumer Preference towards Organic Oil
Market Growth Drivers:
Various Health Benefits of Several Cooking Oils and Growing Population coupled with Increasing Demand for Cooking Oil
Challenges:
Continuously Rising Cooking Oil Prices
Restraints:
High Consumption of Cooking Oil can cause Health Hazards
Opportunities:
Increasing Consumption of Healthy and Natural Oil can Create Opportunities for the Market Growth
Competitive Landscape:
Global Cooking Oil is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are ADM (United States), Bunge Limited (United States), Agro Tech Foods Ltd (India), AAK International Co. LLC (United Kingdom), Edible Oils Ltd, KTC (Edibles) Ltd (United Kingdom), Cargill plc. (United Kingdom), Olam International (Singapore), FUJI OIL CO., LTD. (Japan) and ACEITES DE LAS HERAS, MAHERVAL, S.L. (Spain). Analyst at AMA Research see Global Vendors to retain maximum share of Global Cooking Oil market by 2030. Considering Market by Packaging Type, the sub-segment i.e. Bottle will boost the Cooking Oil market. Considering Market by Extraction Method, the sub-segment i.e. Cold Press will boost the Cooking Oil market.
Latest Market Insights:
In May 2023, Colavita unveiled a new olive oil infused with garlic and herbs. This product launch aims to provide consumers with a convenient and flavorful cooking oil option.
On 21st April 2021, KTC (Edibles) Ltd. has launched Super plus Hi Fry. The oil is designed with heavy-duty, everyday fryers in mind. The new launch helps to enhance food quality, frying performance, and an extended lifespan.
What Can be Explored with the Cooking Oil Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cooking Oil Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cooking Oil
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cooking Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cooking Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cooking Oil Manufacturers, Cooking Oil Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.