Fats and Oils Market

Fats and Oils Market Analysis by Product Type (Edible Vegetable Oil, Palm Oil, Animal Fat, Other Types), by End User (Industrial, Residential), by Source (Vegetable, Animal), by Form (Liquid, Solid) and by Region, Global Forecast - 2022 to 2032

Analysis of Fats and Oils market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Fats and Oils Market Outlook (2022 to 2032)

Sales of fats and oils are expected to be valued at US$ 246 Billion as of 2022, documenting a Y-o-Y increase of 3.8% from 2021. In the previous financial year, the market was valued at nearly US$ 237 Billion.

Report Attributes Details
Base Year Value (2021) US$ 237 Billion
Expected Current Value (2022) US$ 246 Billion
Anticipated Forecast Value (2032) US$ 364.12 Billion
Global Growth Rate (2022 to 2032) 4% CAGR
Growth Rate of North America (2022 to 2032) 4.5% CAGR
Growth Rate of APAC (2022 to 2032) 5% CAGR
Revenue Share of Europe (2032) 45%
Key Companies Profiled Associated British Food Plc; Ajinomoto Co. Inc.; United Plantations Berhad; Bunge Limited; Archer Daniels Midland Company; Wilmar International Limited; International FoodStuff Company Limited; Cargill Inc.

Throughout the 2022 to 2032 period of assessment, the fats and oils industry is poised to expand at a CAGR of 4%, expected to reach a value of 364.12 Billion.

Fats and oils are widely employed in culinary applications such as confectioners' manufacture of chocolates and polishing of confectionery items. Furthermore, refined olive oil and coconut oil are increasingly being utilized for various baking applications due to their bland flavor, which allows food to retain its natural flavor. Furthermore, unlike mustard oil, it does not have any pungency.

Because of the health benefits they provide to poultry and cattle, fats and oils have gained popularity as feed ingredients. Fats and oils are high-energy additives that help to maintain nutritional balance while lowering feed costs. As a result, they are provided as feed items to minimize bloat and energy density in the meal.

Furthermore, fats and oils are finding use in a variety of production processes. They are currently being employed as a sustainable technique of manufacturing in sectors such as paints, lubricants, and paper, without the need of chemical chemicals.

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2015 to 2021 Fats and Oils Market Demand Analysis vs. Market Forecast 2022 to 2032

This market's expansion may be due to greater consumer knowledge of healthier alternatives to trans-fat, consumer demand for a more nutritious and balanced diet, and sustainable food and energy systems. Asia Pacific is the fastest-growing market over the projection period because to its enormous consumer base, which includes strong, processed foods and industrial applications for fats and oils. A CAGR of 4.2% was documented during the 2015 to 2021 forecast period.

COVID-19 had a significant impact on major fat and oil users such as families, hotels, restaurants, and cafés. The consumption habit altered from ordering to self-cooking during the lockdowns. Lockdowns also had an impact on homes since retail chains were disrupted and supermarkets were shuttered.

Oilseed plantations, oilseed crushers, and other stakeholders were impacted on the supply side as a result of global trade barriers. Major oil-producing countries like as Malaysia, Indonesia, the United States, and Brazil experienced supply chain disruptions as exports fell dramatically and local distribution suffered.

However, as the incidence receded in the previous year, the market is experiencing a gradual resurgence. As consumers become highly health conscious, they are demanding healthier alternatives. As a result, manufacturers are turning towards production of fats and oils with reduced or zero chemicals, as well as unsaturated fats, simultaneously aligning with the clean label agenda. From 2022 to 2032, the market is slated to expand 1.5x.

How is the Increasing Food Demand driving Up the Global Fats and Oils Market?

To generate consistency in high-quality oil, edible oil products such as soybean oil, palm oil, sunflower oil and canola oil, among others, are often purified using different procedures such as degumming, neutralizing, bleaching, and deodorizing. Minor components, which are termed contaminants, are physically or chemically removed during the purification process.

Refined oils are the most common term for high-quality edible oils. Monounsaturated fats are abundant in refined oils. High-quality oils are produced utilizing cutting-edge technology and are regarded as a great source of nourishment.

As a result of their rising use and population, their consumption grows year after year. However, the demand for high-quality oils is increasing as customers seek healthier choices that retain flavor while increasing nutritional content. Manufacturers are improving processing technology and expanding their product ranges to suit this demand.

ADM (USA) and Novozymes (Denmark) created a technology that transformed the fats and oils sector. By integrating enzymes in the development process, this technique assisted the corporation in producing high-quality edible oils.

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How are the Fat and Oil Product Labeling and Safety Concerns Hampering the Sales of the Worldwide Fats and Oils Market?

Significant changes in the competitive position of major vegetable oils suggest significant cost consequences and potential challenges to specific food items. Within this context, the global vegetable oil market, particularly in the United States, is under pressure due to numerous legislations.

Furthermore, due to the use of misleading terminology such as 'vegetable fats' or 'vegetable oils,' there is a high degree of anonymity in the specific amount of the food ingredients. As a result, the ingredient's specific content and role in the entire formulation are unknown.

New regulations requiring the labeling of trans-fatty acid levels in foods are putting pressure on manufacturers to switch to different formulas for manufacturing hydrogenated oils, raising demand for oils as an alternative to trans-fats. Only canola, safflower, sunflower, maize, soybean, or peanut oil may be used in a product labeled "vegetable oil margarine" in the United States.

Products that are not labeled "vegetable oil margarine" do not have these restrictions. With the introduction of new regulations, customers will be better educated about the inherent hazards in trans-fat-containing goods, forcing them to seek out adequate alternatives.

Is the Emerging Use of Fats and Oils as Trans-Fat Replacements a Dollar Opportunity?

Trans-fats are unsaturated fatty acids that are created during the hydrogenation of vegetable oils or that are naturally produced in the guts of grazing animals. Trans-fat consumption boosts the amount of low-density lipoprotein cholesterol in the blood. A high LDL blood cholesterol level increases the risk of getting cardiovascular disease.

Vegetable shortenings, stick margarine, refrigerated dough goods (such as biscuits and cinnamon rolls), snack foods, coffee creamers, cookies, cakes, frozen pies, frozen pizza, and fast food all contain trans fats. Trans-fats are increasingly being replaced with a far better replacement, particularly unsaturated liquid vegetable oils such as olive, canola, maize, or soy oils, as consumer health consciousness grows.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What are the Key Trends in the Fats and Oils Market?

Biodiesel is an alternative to diesel fuel derived from fossil fuels. It has an advantage over diesel fuel in that it never runs out and grows in the fields. Rapeseeds, soybeans, oil palm fruit, and even old edible fats are suitable for biodiesel synthesis. It is a non-toxic, biodegradable, and renewable fuel made from a range of renewable raw resources, such as fresh or waste vegetable oils, animal fats, and oilseed plants.

The basic principles of sustainability maintained in biodiesel production are environmental compatibility of land use, a provable reduction in greenhouse emissions, and cohabitation with food production. As a result, biodiesel and edible vegetable oils are generated with a lower environmental effect.

Trans-fats are increasingly being replaced with a far better replacement, particularly unsaturated liquid vegetable oils such as olive, canola, maize, or soy oils, as consumer health consciousness grows. The worldwide market has been seeing an encapsulating trend. Several major producers are currently planning to encapsulate milk fat and vegetable oils in a matrix of whey proteins and casein-whey protein combinations.

These fat-rich powders are used in a variety of food compositions, nutritional supplements, and medicinal items. Premium oil kinds, such as olive and sunflower, command higher pricing in the global fats and oils market because to higher raw material costs, superior-label claims, and value-added nutritional characteristics.

Western markets in Europe and North America continue to be the focus for such luxury categories of oils and fats, resulting in prices that are higher than the worldwide average. As a result, the element is pushing the global market value for fats and oils.

Region-Wise Analysis

What are the Growth Prospects for Fats and Oils Market in Europe?

The usage of fats and oils varies by country in Europe. For example, biodiesel application accounts for a significant portion of Germany's market development, while food application remains a large use of fats and oils in France. During the forecast period, Europe is expected to account for a large chunk of the global fats and oils market's revenue share, capturing around 45%.

In terms of value, edible vegetable oils will continue to be the market's best-selling product. The introduction of high-quality products as a result of recent advancements in their manufacturing methods would primarily drive demand for edible vegetable oils. In the foreseeable future, the use of animal-based goods will encourage the use of edible vegetable oils.

Category Wise Insights

Which is the Most Preferred Form in the Fats and Oils Market?

By form, the liquid category is expected to dominate the market, expanding at a CAGR of 3.7% until 2032. It is expected to be the fastest-growing category, as oils are mostly used for cooking and in biodiesel, where the liquid form is preferable to the solid. The crystalline shape of the fat has a significant impact on the melting point and appearance of the fat in the many applications in which it is used.

Which Source Holds the Most Leverage in the Fats and Oils Market?

According to source, the section is divided into vegetables and animals. The vegetable oil market is expected to increase significantly during the forecast period. The worldwide fat and oil market, which has a value of about US$ 250 Million in 2022, supports the global animal fat industry.

At the global level, the palm oil sector drives the market, which is primarily driven by the Indian and Chinese markets. In terms of value, vegetable oils will be the market's best-selling product. Demand for vegetable oils will be primarily driven by the introduction of high-quality goods as a result of recent advancements in their manufacturing methods.

Competitive Landscape

The worldwide market for fats and oils is fragmented due to the presence of various regional and international providers. Market vendors compete in terms of pricing, portfolio, and product differentiation. Recent developments are as follows :

  • In May 2020, confectionery provider Bunge Limited launched Sweetolin - a fat system with solutions in confectionery coatings and fillings applications. This solutions would allow confectionery providers to reduce sugar content by as much as 50% in the final product
  • In May 2022, global agribusiness giant Archer Daniels Midland (ADM) announced that it plans to inaugurate a new Protein Innovation Center in Decatur, Illinois, USA. As part of its drive to increase alternative protein production, the company said it was also investing US$ 300 Million in expanding production at the Decatur facility. ADM said the new facility and production expansion would significantly strengthen the company’s ability to meet growing global demand for soya protein concentrate.

Key Segments Covered in the Global Fats and Oils Industry Survey

  • Fats and Oils Market by Product Type :

    • Edible Vegetable Fats & Oils
    • Palm-based Fats & Oils
    • Animal-based Fats & Oils
    • Other Product Type-based Fats & Oils

  • Fats and Oils Market by End User :

    • Fats and Oils for Industrial Use
    • Fats and Oils for Residential Use

  • Fats and Oils Market by Source :

    • Vegetable-based Fats and Oils
    • Animal-based Fats and Oils

  • Fats and Oils Market by Form :

    • Liquid Fats and Oils
    • Solid Fats and Oils

  • Fats and Oils Market by Region :

    • North America Fats and Oils Market
    • Latin America Fats and Oils Market
    • Europe Fats and Oils Market
    • Japan Fats and Oils Market
    • APEJ Fats and Oils Market
    • MEA Fats and Oils Market

Table of Content

  • 1. Global Economic Outlook
  • 2. Global Market - Executive Summary
  • 3. Global Market Overview
  • 4. Global Market Analysis and Forecast 2015 to 2032
    • 4.1. Global Market Size and Forecast By Product Type, 2015 to 2032
      • 4.1.1. Edible vegetable oil
      • 4.1.2. Palm Oil
      • 4.1.3. Animal Fat
      • 4.1.4. Other Types
    • 4.2. Global Market Size and Forecast By End User, 2015 to 2032
      • 4.2.1. Industrial
      • 4.2.2. Residential
    • 4.3. Global Market Size and Forecast By Source, 2015 to 2032
      • 4.3.1. Vegetable
      • 4.3.2. Animal
    • 4.4. Global Market Size and Forecast By Form, 2015 to 2032
      • 4.4.1. Liquid
      • 4.4.2. Solid
  • 5. North America Market Size and Forecast, 2015 to 2032
  • 6. Latin America Market Size and Forecast, 2015 to 2032
  • 7. Europe Market Size and Forecast, 2015 to 2032
  • 8. Japan Market Size and Forecast, 2015 to 2032
  • 9. APEJ Market Size and Forecast, 2015 to 2032
  • 10. MEA Market Size and Forecast, 2015 to 2032
  • 11. Global Market Company Share, Competition Landscape and Company Profiles
    • 11.1. Cargill, Inc
    • 11.2. International FoodStuff Company Limited
    • 11.3. Wilmar International Limited
    • 11.4. Archer Daniels Midland Company
    • 11.5. Bunge Limited
    • 11.6. United Plantations Berhad
    • 11.7. Ajinomoto Co. Inc.
    • 11.8. Associated British Food Plc.
    • 11.9. Other Players
  • 12. Research Methodology
  • 13. Secondary and Primary Sources
  • 14. Assumptions and Acronyms
  • 15. Disclaimer

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List Of Table

TABLE 01: Global Market Value (US$ Mn) & Volume, 2015 to 2021

TABLE 02: Global Market Value (US$ Mn) & Volume, 2022 to 2032

TABLE 03: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2022 to 2032

TABLE 04: Global Edible vegetable oil Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 05: Global Edible vegetable oil Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 06: Global Edible vegetable oil Segment Market Share, By Region 2015 to 2021

TABLE 07: Global Edible vegetable oil Segment Market Share, By Region 2022 to 2032

TABLE 08: Global Edible vegetable oil Segment Y-o-Y, By Region 2022 to 2032

TABLE 09: Global Palm Oil Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 10: Global Palm Oil Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 11: Global Palm Oil Segment Market Share, By Region 2015 to 2021

TABLE 12: Global Palm Oil Segment Market Share, By Region 2022 to 2032

TABLE 13: Global Palm Oil Segment Y-o-Y, By Region 2022 to 2032

TABLE 14: Global Animal Fat Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 15: Global Animal Fat Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 16: Global Animal Fat Segment Market Share, By Region 2015 to 2021

TABLE 17: Global Animal Fat Segment Market Share, By Region 2022 to 2032

TABLE 18: Global Animal Fat Segment Y-o-Y, By Region 2022 to 2032

TABLE 19: Global Other Types Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 20: Global Other Types Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 21: Global Other Types Segment Market Share, By Region 2015 to 2021

TABLE 22: Global Other Types Segment Market Share, By Region 2022 to 2032

TABLE 23: Global Other Types Segment Y-o-Y, By Region 2022 to 2032

TABLE 24: Global Industrial Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 25: Global Industrial Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 26: Global Industrial Segment Market Share, By Region 2015 to 2021

TABLE 27: Global Industrial Segment Market Share, By Region 2022 to 2032

TABLE 28: Global Industrial Segment Y-o-Y, By Region 2022 to 2032

TABLE 29: Global Residential Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 30: Global Residential Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 31: Global Residential Segment Market Share, By Region 2015 to 2021

TABLE 32: Global Residential Segment Market Share, By Region 2022 to 2032

TABLE 33: Global Residential Segment Y-o-Y, By Region 2022 to 2032

TABLE 34: Global Vegetable Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 35: Global Vegetable Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 36: Global Vegetable Segment Market Share, By Region 2015 to 2021

TABLE 37: Global Vegetable Segment Market Share, By Region 2022 to 2032

TABLE 38: Global Vegetable Segment Y-o-Y, By Region 2022 to 2032

TABLE 39: Global Animal Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 40: Global Animal Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 41: Global Animal Segment Market Share, By Region 2015 to 2021

TABLE 42: Global Animal Segment Market Share, By Region 2022 to 2032

TABLE 43: Global Animal Segment Y-o-Y, By Region 2022 to 2032

TABLE 44: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 45: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 46: Global Liquid Segment Market Share, By Region 2015 to 2021

TABLE 47: Global Liquid Segment Market Share, By Region 2022 to 2032

TABLE 48: Global Liquid Segment Y-o-Y, By Region 2022 to 2032

TABLE 49: Global Solid Segment Value (US$ Mn) & Volume, By Region 2015 to 2021

TABLE 50: Global Solid Segment Value (US$ Mn) & Volume, By Region 2022 to 2032

TABLE 51: Global Solid Segment Market Share, By Region 2015 to 2021

TABLE 52: Global Solid Segment Market Share, By Region 2022 to 2032

TABLE 53: Global Solid Segment Y-o-Y, By Region 2022 to 2032

TABLE 54: North America Market Value (US$ Mn) & Volume, By Country 2015 to 2021

TABLE 55: North America Market Value (US$ Mn) & Volume, By Country 2022 to 2032

TABLE 56: North America Market Value (US$ Mn) & Volume, By Product Type 2015 to 2021

TABLE 57: North America Market Value (US$ Mn) & Volume, By Product Type 2022 to 2032

TABLE 58: North America Market Value (US$ Mn) & Volume, By End User 2015 to 2021

TABLE 59: North America Market Value (US$ Mn) & Volume, By End User 2022 to 2032

TABLE 60: North America Market Value (US$ Mn) & Volume, By Source 2015 to 2021

TABLE 61: North America Market Value (US$ Mn) & Volume, By Source 2022 to 2032

TABLE 62: North America Market Value (US$ Mn) & Volume, By Form 2015 to 2021

TABLE 63: North America Market Value (US$ Mn) & Volume, By Form 2022 to 2032

TABLE 64: Latin America Market Value (US$ Mn) & Volume, By Country 2015 to 2021

TABLE 65: Latin America Market Value (US$ Mn) & Volume, By Country 2022 to 2032

TABLE 66: Latin America Market Value (US$ Mn) & Volume, By Product Type 2015 to 2021

TABLE 67: Latin America Market Value (US$ Mn) & Volume, By Product Type 2022 to 2032

TABLE 68: Latin America Market Value (US$ Mn) & Volume, By End User 2015 to 2021

TABLE 69: Latin America Market Value (US$ Mn) & Volume, By End User 2022 to 2032

TABLE 70: Latin America Market Value (US$ Mn) & Volume, By Source 2015 to 2021

TABLE 71: Latin America Market Value (US$ Mn) & Volume, By Source 2022 to 2032

TABLE 72: Latin America Market Value (US$ Mn) & Volume, By Form 2015 to 2021

TABLE 73: Latin America Market Value (US$ Mn) & Volume, By Form 2022 to 2032

TABLE 74: Europe Market Value (US$ Mn) & Volume, By Country 2015 to 2021

TABLE 75: Europe Market Value (US$ Mn) & Volume, By Country 2022 to 2032

TABLE 76: Europe Market Value (US$ Mn) & Volume, By Product Type 2015 to 2021

TABLE 77: Europe Market Value (US$ Mn) & Volume, By Product Type 2022 to 2032

TABLE 78: Europe Market Value (US$ Mn) & Volume, By End User 2015 to 2021

TABLE 79: Europe Market Value (US$ Mn) & Volume, By End User 2022 to 2032

TABLE 80: Europe Market Value (US$ Mn) & Volume, By Source 2015 to 2021

TABLE 81: Europe Market Value (US$ Mn) & Volume, By Source 2022 to 2032

TABLE 82: Europe Market Value (US$ Mn) & Volume, By Form 2015 to 2021

TABLE 83: Europe Market Value (US$ Mn) & Volume, By Form 2022 to 2032

TABLE 84: Japan Market Value (US$ Mn) & Volume, By Country 2015 to 2021

TABLE 85: Japan Market Value (US$ Mn) & Volume, By Country 2022 to 2032

TABLE 86: Japan Market Value (US$ Mn) & Volume, By Product Type 2015 to 2021

TABLE 87: Japan Market Value (US$ Mn) & Volume, By Product Type 2022 to 2032

TABLE 88: Japan Market Value (US$ Mn) & Volume, By End User 2015 to 2021

TABLE 89: Japan Market Value (US$ Mn) & Volume, By End User 2022 to 2032

TABLE 90: Japan Market Value (US$ Mn) & Volume, By Source 2015 to 2021

TABLE 91: Japan Market Value (US$ Mn) & Volume, By Source 2022 to 2032

TABLE 92: Japan Market Value (US$ Mn) & Volume, By Form 2015 to 2021

TABLE 93: Japan Market Value (US$ Mn) & Volume, By Form 2022 to 2032

TABLE 94: APEJ Market Value (US$ Mn) & Volume, By Country 2015 to 2021

TABLE 95: APEJ Market Value (US$ Mn) & Volume, By Country 2022 to 2032

TABLE 96: APEJ Market Value (US$ Mn) & Volume, By Product Type 2015 to 2021

TABLE 97: APEJ Market Value (US$ Mn) & Volume, By Product Type 2022 to 2032

TABLE 98: APEJ Market Value (US$ Mn) & Volume, By End User 2015 to 2021

TABLE 99: APEJ Market Value (US$ Mn) & Volume, By End User 2022 to 2032

TABLE 100: APEJ Market Value (US$ Mn) & Volume, By Source 2015 to 2021

TABLE 101: APEJ Market Value (US$ Mn) & Volume, By Source 2022 to 2032

TABLE 102: APEJ Market Value (US$ Mn) & Volume, By Form 2015 to 2021

TABLE 103: APEJ Market Value (US$ Mn) & Volume, By Form 2022 to 2032

TABLE 104: MEA Market Value (US$ Mn) & Volume, By Country 2015 to 2021

TABLE 105: MEA Market Value (US$ Mn) & Volume, By Country 2022 to 2032

TABLE 106: MEA Market Value (US$ Mn) & Volume, By Product Type 2015 to 2021

TABLE 107: MEA Market Value (US$ Mn) & Volume, By Product Type 2022 to 2032

TABLE 108: MEA Market Value (US$ Mn) & Volume, By End User 2015 to 2021

TABLE 109: MEA Market Value (US$ Mn) & Volume, By End User 2022 to 2032

TABLE 110: MEA Market Value (US$ Mn) & Volume, By Source 2015 to 2021

TABLE 111: MEA Market Value (US$ Mn) & Volume, By Source 2022 to 2032

TABLE 112: MEA Market Value (US$ Mn) & Volume, By Form 2015 to 2021

TABLE 113: MEA Market Value (US$ Mn) & Volume, By Form 2022 to 2032

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List Of Figures

FIGURE 01: Global Market Value (US$ Mn), 2015 to 2021

FIGURE 02: Global Market Value (US$ Mn) Forecast, 2022 to 2032

FIGURE 03: Global Market Value (US$ Mn) and Y-o-Y, 2022 to 2032

FIGURE 04: Global Edible vegetable oil Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 05: Global Edible vegetable oil Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 06: Global Edible vegetable oil Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 07: Global Palm Oil Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 08: Global Palm Oil Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 09: Global Palm Oil Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 10: Global Animal Fat Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 11: Global Animal Fat Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 12: Global Animal Fat Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 13: Global Other Types Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 14: Global Other Types Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 15: Global Other Types Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 16: Global Industrial Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 17: Global Industrial Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 18: Global Industrial Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 19: Global Residential Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 20: Global Residential Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 21: Global Residential Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 22: Global Vegetable Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 23: Global Vegetable Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 24: Global Vegetable Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 25: Global Animal Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 26: Global Animal Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 27: Global Animal Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 28: Global Liquid Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 29: Global Liquid Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 30: Global Liquid Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 31: Global Solid Segment Market Value (US$ Mn) By Region, 2015 to 2021

FIGURE 32: Global Solid Segment Market Value (US$ Mn) By Region, 2022 to 2032

FIGURE 33: Global Solid Segment Y-o-Y Growth Rate, By Region, 2022 to 2032

FIGURE 34: North America Market Value (US$ Mn), By Country 2015 to 2021

FIGURE 35: North America Market Value (US$ Mn), By Country 2022 to 2032

FIGURE 36: North America Market Value (US$ Mn), By Product Type 2015 to 2021

FIGURE 37: North America Market Value (US$ Mn), By Product Type 2022 to 2032

FIGURE 38: North America Market Value (US$ Mn), By End User 2015 to 2021

FIGURE 39: North America Market Value (US$ Mn), By End User 2022 to 2032

FIGURE 40: North America Market Value (US$ Mn), By Source 2015 to 2021

FIGURE 41: North America Market Value (US$ Mn), By Source 2022 to 2032

FIGURE 42: North America Market Value (US$ Mn), By Form 2015 to 2021

FIGURE 43: North America Market Value (US$ Mn), By Form 2022 to 2032

FIGURE 44: Latin America Market Value (US$ Mn), By Country 2015 to 2021

FIGURE 45: Latin America Market Value (US$ Mn), By Country 2022 to 2032

FIGURE 46: Latin America Market Value (US$ Mn), By Product Type 2015 to 2021

FIGURE 47: Latin America Market Value (US$ Mn), By Product Type 2022 to 2032

FIGURE 48: Latin America Market Value (US$ Mn), By End User 2015 to 2021

FIGURE 49: Latin America Market Value (US$ Mn), By End User 2022 to 2032

FIGURE 50: Latin America Market Value (US$ Mn), By Source 2015 to 2021

FIGURE 51: Latin America Market Value (US$ Mn), By Source 2022 to 2032

FIGURE 52: Latin America Market Value (US$ Mn), By Form 2015 to 2021

FIGURE 53: Latin America Market Value (US$ Mn), By Form 2022 to 2032

FIGURE 54: Europe Market Value (US$ Mn), By Country 2015 to 2021

FIGURE 55: Europe Market Value (US$ Mn), By Country 2022 to 2032

FIGURE 56: Europe Market Value (US$ Mn), By Product Type 2015 to 2021

FIGURE 57: Europe Market Value (US$ Mn), By Product Type 2022 to 2032

FIGURE 58: Europe Market Value (US$ Mn), By End User 2015 to 2021

FIGURE 59: Europe Market Value (US$ Mn), By End User 2022 to 2032

FIGURE 60: Europe Market Value (US$ Mn), By Source 2015 to 2021

FIGURE 61: Europe Market Value (US$ Mn), By Source 2022 to 2032

FIGURE 62: Europe Market Value (US$ Mn), By Form 2015 to 2021

FIGURE 63: Europe Market Value (US$ Mn), By Form 2022 to 2032

FIGURE 64: Japan Market Value (US$ Mn), By Country 2015 to 2021

FIGURE 65: Japan Market Value (US$ Mn), By Country 2022 to 2032

FIGURE 66: Japan Market Value (US$ Mn), By Product Type 2015 to 2021

FIGURE 67: Japan Market Value (US$ Mn), By Product Type 2022 to 2032

FIGURE 68: Japan Market Value (US$ Mn), By Source 2015 to 2021

FIGURE 69: Japan Market Value (US$ Mn), By End User 2022 to 2032

FIGURE 70: Japan Market Value (US$ Mn), By Source 2015 to 2021

FIGURE 71: Japan Market Value (US$ Mn), By Source 2022 to 2032

FIGURE 72: Japan Market Value (US$ Mn), By Form 2015 to 2021

FIGURE 73: Japan Market Value (US$ Mn), By Form 2022 to 2032

FIGURE 74: APEJ Market Value (US$ Mn), By Country 2015 to 2021

FIGURE 75: APEJ Market Value (US$ Mn), By Country 2022 to 2032

FIGURE 76: APEJ Market Value (US$ Mn), By Product Type 2015 to 2021

FIGURE 77: APEJ Market Value (US$ Mn), By Product Type 2022 to 2032

FIGURE 78: APEJ Market Value (US$ Mn), By End User 2015 to 2021

FIGURE 79: APEJ Market Value (US$ Mn), By End User 2022 to 2032

FIGURE 80: APEJ Market Value (US$ Mn), By Source 2015 to 2021

FIGURE 81: APEJ Market Value (US$ Mn), By Source 2022 to 2032

FIGURE 82: APEJ Market Value (US$ Mn), By Form 2015 to 2021

FIGURE 83: APEJ Market Value (US$ Mn), By Form 2022 to 2032

FIGURE 84: MEA Market Value (US$ Mn), By Country 2015 to 2021

FIGURE 85: MEA Market Value (US$ Mn), By Country 2022 to 2032

FIGURE 86: MEA Market Value (US$ Mn), By Product Type 2015 to 2021

FIGURE 87: MEA Market Value (US$ Mn), By Product Type 2022 to 2032

FIGURE 88: MEA Market Value (US$ Mn), By End User 2015 to 2021

FIGURE 89: MEA Market Value (US$ Mn), By End User 2022 to 2032

FIGURE 90: MEA Market Value (US$ Mn), By Source 2015 to 2021

FIGURE 91: MEA Market Value (US$ Mn), By Source 2022 to 2032

FIGURE 92: MEA Market Value (US$ Mn), By Form 2015 to 2021

FIGURE 93: MEA Market Value (US$ Mn), By Form 2022 to 2032

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- FAQs -

What was the market worth for fats and oils in 2021, according to Fact.MR?

As of 2021, the global fats and oils market was valued at US$ 237 Billion

What will be the anticipated value for the fats and oils market in 2022?

By 2022, the fats and oils industry is forecast to reach a market value of US$ 246 Billion

What are the growth prospects for fats and oils sales across the European market?

According to Fact.MR, Europe is expected to generate 45% of the global fats and oils market revenue

How will growth prospects unravel across the Asia Pacific?

The Asia Pacific region is likely to experience a CAGR of 5% with respect to fats and oils sales until 2032

Is North America likely to present growth opportunities for the market for fats and oils?

North America is expected to flourish at a CAGR of 4.5% from 2022 to 2032, in relation to fats and oils sales

By form, which category of fats and oils will register maximum sales during the forecast period?

Liquid fats and oils are likely to register maximum sales, expanding at a CAGR of 3.7%

Which fats and oils source will enjoy elevated demand in 2022 and beyond?

It is expected that demand for vegetable based fats and oils will enjoy maximum sales in 2022, yielding US$ 250 Million

What is the expected growth rate of the market for fats and oils from 2022 to 2032?

According to Fact.MR, the fats and oils industry will likely surge at a 4% CAGR until 2032

At what rate did the fats and oils market grow during the 2015 to 2021 historical period?

From 2015 to 2021, the market for fats and oils expanded at a 4.2% value CAGR

Fats and Oils Market

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