Industry Background:
Cooking spray refers to the spray that forms an oil as a lubricant, lecithin and emulsifier and propellant. This allows to prevent it from sticking when applied on the frying pan and other cookware. The demand for the cooking spray is expected to grow in the forecasted period with increasing demand for cooking oil in the food application and increasing consumption in the Asia Pacific region.This growth is primarily driven by Increase in the Consumption of Bakery & Confectionery and Processed Foods and Growing Consumption in Asian Subcontinent Markets.
Globally, a noticeable market trend is evident Technological Innovation Aimed At Improving Manufacturing Process
. Major Vendors, such as Baker’s Joy (United States), Frylight (United Kingdom), Crisco (United States), Mazola (United States), Wesson (United States), Smart Balance (United States), Spectrum Organic Products, LLC (United States), Pompeian Inc. (United States) and Vegalene (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The United States Environmental Protection Agency provides guidelines for vegetable oils and animal fats which are regulated under 40 CFR 112, which has identical requirements for petroleum and non-petroleum oils. EPA issued a revised FRP rule on June 30, 2000. The revision clarifies that the rule applies to facilities that handle, store, or transport mainly animal fats and vegetable oils. The rule also applies if they transfer large volumes of oil over water or store one million gallons or more of oil and meet additional criteria. The revised rule complies with the requirements of the Edible Oil Regulatory Reform Act (EORRA).
Market Drivers
- Increase in the Consumption of Bakery & Confectionery and Processed Foods
- Growing Consumption in Asian Subcontinent Markets
Market Trend
- Technological Innovation Aimed At Improving Manufacturing Process
- Trend in Global Vegetable Oil Production & Consumption
Restraints
- Health Concerns Related To Excessive Consumption of Fat and Oils
- Legislation Related to Labelling for Oil Spray and Its Safety Issues
Opportunities
Potential Growth of Cooking Spray In Emerging Countries
Challenges
Rise in Costs of Production Due to Increasing Energy and Labor Costs
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cooking Spray Study Sheds Light on
The Cooking Spray Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cooking Spray industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cooking Spray industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.