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 - 2022-2032
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 (2022-2032)
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 (2022-2032) |
4% CAGR |
|
Growth Rate of North America (2022-2032) |
4.5% CAGR |
|
Growth Rate of APAC (2022-2032) |
5% CAGR |
|
Revenue Share of Europe (2032) |
45% |
|
Key Companies Profiled |
|
Throughout the 2022-2032 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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2015-2021 Fats and Oils Market Demand Analysis vs. Market Forecast 2022-2032
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 2015-2021 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
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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
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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
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Fats and Oils Market by End User :
- Fats and Oils for Industrial Use
- Fats and Oils for Residential Use
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Fats and Oils Market by Source :
- Vegetable-based Fats and Oils
- Animal-based Fats and Oils
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Fats and Oils Market by Form :
- Liquid Fats and Oils
- Solid Fats and Oils
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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 Fats & Oils Market - Executive Summary 3. Global Fats & Oils Market Overview 3.1. Introduction 3.1.1. Global Fats & Oils Market Taxonomy 3.1.2. Global Fats & Oils Market Definition 3.2. Global Fats & Oils Market Size (US$ Mn) and Volume and Forecast, 2015-2032 3.2.1. Global Fats & Oils Market Y-o-Y Growth 3.3. Global Fats & Oils Market Dynamics 3.4. Supply Chain 3.5. Cost Structure 3.6. Regulatory Framework 3.7. PESTLE Analysis 3.8. Porters Five Force Analysis 3.9. Key Participants Market Presence (Intensity Map) By Region 4. Global Fats & Oils Market Analysis and Forecast 2015-2032 4.1. Global Fats & Oils Market Size and Forecast By Product Type, 2015-2032 4.1.1. Edible vegetable oil Market Size and Forecast, 2015-2032 4.1.1.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.1.1.2. Market Share Comparison, By Region 4.1.1.3. Y-o-Y growth Comparison, By Region 4.1.2. Palm Oil Market Size and Forecast, 2015-2032 4.1.2.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.1.2.2. Market Share Comparison, By Region 4.1.2.3. Y-o-Y growth Comparison, By Region 4.1.3. Animal Fat Market Size and Forecast, 2015-2032 4.1.3.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.1.3.2. Market Share Comparison, By Region 4.1.3.3. Y-o-Y growth Comparison, By Region 4.1.4. Other Types Market Size and Forecast, 2015-2032 4.1.4.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.1.4.2. Market Share Comparison, By Region 4.1.4.3. Y-o-Y growth Comparison, By Region 4.2. Global Fats & Oils Market Size and Forecast By End User, 2015-2032 4.2.1. Industrial Market Size and Forecast, 2015-2032 4.2.1.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.2.1.2. Market Share Comparison, By Region 4.2.1.3. Y-o-Y growth Comparison, By Region 4.2.2. Residential Market Size and Forecast, 2015-2032 4.2.2.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.2.2.2. Market Share Comparison, By Region 4.2.2.3. Y-o-Y growth Comparison, By Region 4.3. Global Fats & Oils Market Size and Forecast By Source, 2015-2032 4.3.1. Vegetable Market Size and Forecast, 2015-2032 4.3.1.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.3.1.2. Market Share Comparison, By Region 4.3.1.3. Y-o-Y growth Comparison, By Region 4.3.2. Animal Market Size and Forecast, 2015-2032 4.3.2.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.3.2.2. Market Share Comparison, By Region 4.3.2.3. Y-o-Y growth Comparison, By Region 4.4. Global Fats & Oils Market Size and Forecast By Form, 2015-2032 4.4.1. Liquid Market Size and Forecast, 2015-2032 4.4.1.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.4.1.2. Market Share Comparison, By Region 4.4.1.3. Y-o-Y growth Comparison, By Region 4.4.2. Solid Market Size and Forecast, 2015-2032 4.4.2.1. Revenue (US$ Mn) and Volume Comparison, By Region 4.4.2.2. Market Share Comparison, By Region 4.4.2.3. Y-o-Y growth Comparison, By Region 5. North America Fats & Oils Market Size and Forecast, 2015-2032 5.1. North America Outlook 5.2. North America Parent Market Outlook 5.3. North America Target Market Outlook 5.4. Revenue (US$ Mn) and Volume Comparison, By Country 5.4.1. US Market Size and Forecast (US$ Mn), 2015-2032 5.4.2. Canada Market Size and Forecast (US$ Mn), 2015-2032 5.5. Revenue (US$ Mn) and Volume Comparison, By Product Type 5.6. Revenue (US$ Mn) and Volume Comparison, By End User 5.7. Revenue (US$ Mn) and Volume Comparison, By Source 5.8. Revenue (US$ Mn) and Volume Comparison, By Form 6. Latin America Fats & Oils Market Size and Forecast, 2015-2032 6.1. Latin America Outlook 6.2. Latin America Parent Market Outlook 6.3. Latin America Target Market Outlook 6.4. Revenue (US$ Mn) and Volume Comparison, By Country 6.4.1. Brazil Market Size and Forecast (US$ Mn), 2015-2032 6.4.2. Mexico Market Size and Forecast (US$ Mn), 2015-2032 6.4.3. Argentina Market Size and Forecast (US$ Mn), 2015-2032 6.4.4. Rest of Latin America Market Size and Forecast (US$ Mn), 2015-2032 6.5. Revenue (US$ Mn) and Volume Comparison, By Product Type 6.6. Revenue (US$ Mn) and Volume Comparison, By End User 6.7. Revenue (US$ Mn) and Volume Comparison, By Source 6.8. Revenue (US$ Mn) and Volume Comparison, By Form 7. Europe Fats & Oils Market Size and Forecast, 2015-2032 7.1. Europe Outlook 7.2. Europe Parent Market Outlook 7.3. Europe Target Market Outlook 7.4. Revenue (US$ Mn) and Volume Comparison, By Country 7.4.1. Germany Market Size and Forecast (US$ Mn), 2015-2032 7.4.2. UK Market Size and Forecast (US$ Mn), 2015-2032 7.4.3. France Market Size and Forecast (US$ Mn), 2015-2032 7.4.4. Spain Market Size and Forecast (US$ Mn), 2015-2032 7.4.5. Russia Market Size and Forecast (US$ Mn), 2015-2032 7.4.6. Rest of Europe Market Size and Forecast (US$ Mn), 2015-2032 7.5. Revenue (US$ Mn) and Volume Comparison, By Product Type 7.6. Revenue (US$ Mn) and Volume Comparison, By End User 7.7. Revenue (US$ Mn) and Volume Comparison, By Source 7.8. Revenue (US$ Mn) and Volume Comparison, By Form 8. Japan Fats & Oils Market Size and Forecast, 2015-2032 8.1. Japan Outlook 8.2. Japan Parent Market Outlook 8.3. Japan Target Market Outlook 8.4. Revenue (US$ Mn) and Volume Comparison, By Country 8.4.1. Japan Market Size and Forecast (US$ Mn), 2015-2032 8.5. Revenue (US$ Mn) and Volume Comparison, By Product Type 8.6. Revenue (US$ Mn) and Volume Comparison, By End User 8.7. Revenue (US$ Mn) and Volume Comparison, By Source 8.8. Revenue (US$ Mn) and Volume Comparison, By Form 9. APEJ Fats & Oils Market Size and Forecast, 2015-2032 9.1. APEJ Outlook 9.2. APEJ Parent Market Outlook 9.3. APEJ Target Market Outlook 9.4. Revenue (US$ Mn) and Volume Comparison, By Country 9.4.1. China Market Size and Forecast (US$ Mn), 2015-2032 9.4.2. India Market Size and Forecast (US$ Mn), 2015-2032 9.4.3. ASEAN Market Size and Forecast (US$ Mn), 2015-2032 9.4.4. Australia & New Zealand Market Size and Forecast (US$ Mn), 2015-2032 9.4.5. Rest of APEJ Market Size and Forecast (US$ Mn), 2015-2032 9.5. Revenue (US$ Mn) and Volume Comparison, By Product Type 9.6. Revenue (US$ Mn) and Volume Comparison, By End User 9.7. Revenue (US$ Mn) and Volume Comparison, By Source 9.8. Revenue (US$ Mn) and Volume Comparison, By Form 10. MEA Fats & Oils Market Size and Forecast, 2015-2032 10.1. MEA Outlook 10.2. MEA Parent Market Outlook 10.3. MEA Target Market Outlook 10.4. Revenue (US$ Mn) and Volume Comparison, By Country 10.4.1. GCC Countries Market Size and Forecast (US$ Mn), 2015-2032 10.4.2. South Africa Market Size and Forecast (US$ Mn), 2015-2032 10.4.3. Egypt Market Size and Forecast (US$ Mn), 2015-2032 10.4.4. Rest of MEA Market Size and Forecast (US$ Mn), 2015-2032 10.5. Revenue (US$ Mn) and Volume Comparison, By Product Type 10.6. Revenue (US$ Mn) and Volume Comparison, By End User 10.7. Revenue (US$ Mn) and Volume Comparison, By Source 10.8. Revenue (US$ Mn) and Volume Comparison, By Form 11. Global Fats & Oils Market Company Share, Competition Landscape and Company Profiles 11.1. Company Share Analysis 11.2. Competition Landscape 11.3. Company Profiles 11.3.1. Cargill., Inc 11.3.2. International FoodStuff Company Limited 11.3.3. Wilmar International Limited 11.3.4. Archer Daniels Midland Company 11.3.5. Bunge Limited 11.3.6. United Plantations Berhad 11.3.7. Ajinomoto Co. Inc. 11.3.8. Associated British Food Plc. 11.3.9. 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 Fats & Oils Market Value (US$ Mn) & Volume, 2015-2021
TABLE 02: Global Fats & Oils Market Value (US$ Mn) & Volume, 2022-2032
TABLE 03: Global Fats & Oils Market Value (US$ Mn) & Volume and Y-o-Y, 2022-2032
TABLE 04: Global Edible vegetable oil Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 05: Global Edible vegetable oil Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 06: Global Edible vegetable oil Segment Market Share, By Region 2015-2021
TABLE 07: Global Edible vegetable oil Segment Market Share, By Region 2022-2032
TABLE 08: Global Edible vegetable oil Segment Y-o-Y, By Region 2022-2032
TABLE 09: Global Palm Oil Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 10: Global Palm Oil Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 11: Global Palm Oil Segment Market Share, By Region 2015-2021
TABLE 12: Global Palm Oil Segment Market Share, By Region 2022-2032
TABLE 13: Global Palm Oil Segment Y-o-Y, By Region 2022-2032
TABLE 14: Global Animal Fat Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 15: Global Animal Fat Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 16: Global Animal Fat Segment Market Share, By Region 2015-2021
TABLE 17: Global Animal Fat Segment Market Share, By Region 2022-2032
TABLE 18: Global Animal Fat Segment Y-o-Y, By Region 2022-2032
TABLE 19: Global Other Types Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 20: Global Other Types Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 21: Global Other Types Segment Market Share, By Region 2015-2021
TABLE 22: Global Other Types Segment Market Share, By Region 2022-2032
TABLE 23: Global Other Types Segment Y-o-Y, By Region 2022-2032
TABLE 24: Global Industrial Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 25: Global Industrial Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 26: Global Industrial Segment Market Share, By Region 2015-2021
TABLE 27: Global Industrial Segment Market Share, By Region 2022-2032
TABLE 28: Global Industrial Segment Y-o-Y, By Region 2022-2032
TABLE 29: Global Residential Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 30: Global Residential Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 31: Global Residential Segment Market Share, By Region 2015-2021
TABLE 32: Global Residential Segment Market Share, By Region 2022-2032
TABLE 33: Global Residential Segment Y-o-Y, By Region 2022-2032
TABLE 34: Global Vegetable Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 35: Global Vegetable Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 36: Global Vegetable Segment Market Share, By Region 2015-2021
TABLE 37: Global Vegetable Segment Market Share, By Region 2022-2032
TABLE 38: Global Vegetable Segment Y-o-Y, By Region 2022-2032
TABLE 39: Global Animal Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 40: Global Animal Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 41: Global Animal Segment Market Share, By Region 2015-2021
TABLE 42: Global Animal Segment Market Share, By Region 2022-2032
TABLE 43: Global Animal Segment Y-o-Y, By Region 2022-2032
TABLE 44: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 45: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 46: Global Liquid Segment Market Share, By Region 2015-2021
TABLE 47: Global Liquid Segment Market Share, By Region 2022-2032
TABLE 48: Global Liquid Segment Y-o-Y, By Region 2022-2032
TABLE 49: Global Solid Segment Value (US$ Mn) & Volume, By Region 2015-2021
TABLE 50: Global Solid Segment Value (US$ Mn) & Volume, By Region 2022-2032
TABLE 51: Global Solid Segment Market Share, By Region 2015-2021
TABLE 52: Global Solid Segment Market Share, By Region 2022-2032
TABLE 53: Global Solid Segment Y-o-Y, By Region 2022-2032
TABLE 54: North America Fats & Oils Market Value (US$ Mn) & Volume, By Country 2015-2021
TABLE 55: North America Fats & Oils Market Value (US$ Mn) & Volume, By Country 2022-2032
TABLE 56: North America Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2015-2021
TABLE 57: North America Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2022-2032
TABLE 58: North America Fats & Oils Market Value (US$ Mn) & Volume, By End User 2015-2021
TABLE 59: North America Fats & Oils Market Value (US$ Mn) & Volume, By End User 2022-2032
TABLE 60: North America Fats & Oils Market Value (US$ Mn) & Volume, By Source 2015-2021
TABLE 61: North America Fats & Oils Market Value (US$ Mn) & Volume, By Source 2022-2032
TABLE 62: North America Fats & Oils Market Value (US$ Mn) & Volume, By Form 2015-2021
TABLE 63: North America Fats & Oils Market Value (US$ Mn) & Volume, By Form 2022-2032
TABLE 64: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Country 2015-2021
TABLE 65: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Country 2022-2032
TABLE 66: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2015-2021
TABLE 67: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2022-2032
TABLE 68: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By End User 2015-2021
TABLE 69: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By End User 2022-2032
TABLE 70: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Source 2015-2021
TABLE 71: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Source 2022-2032
TABLE 72: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Form 2015-2021
TABLE 73: Latin America Fats & Oils Market Value (US$ Mn) & Volume, By Form 2022-2032
TABLE 74: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Country 2015-2021
TABLE 75: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Country 2022-2032
TABLE 76: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2015-2021
TABLE 77: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2022-2032
TABLE 78: Europe Fats & Oils Market Value (US$ Mn) & Volume, By End User 2015-2021
TABLE 79: Europe Fats & Oils Market Value (US$ Mn) & Volume, By End User 2022-2032
TABLE 80: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Source 2015-2021
TABLE 81: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Source 2022-2032
TABLE 82: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Form 2015-2021
TABLE 83: Europe Fats & Oils Market Value (US$ Mn) & Volume, By Form 2022-2032
TABLE 84: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Country 2015-2021
TABLE 85: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Country 2022-2032
TABLE 86: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2015-2021
TABLE 87: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2022-2032
TABLE 88: Japan Fats & Oils Market Value (US$ Mn) & Volume, By End User 2015-2021
TABLE 89: Japan Fats & Oils Market Value (US$ Mn) & Volume, By End User 2022-2032
TABLE 90: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Source 2015-2021
TABLE 91: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Source 2022-2032
TABLE 92: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Form 2015-2021
TABLE 93: Japan Fats & Oils Market Value (US$ Mn) & Volume, By Form 2022-2032
TABLE 94: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Country 2015-2021
TABLE 95: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Country 2022-2032
TABLE 96: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2015-2021
TABLE 97: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2022-2032
TABLE 98: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By End User 2015-2021
TABLE 99: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By End User 2022-2032
TABLE 100: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Source 2015-2021
TABLE 101: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Source 2022-2032
TABLE 102: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Form 2015-2021
TABLE 103: APEJ Fats & Oils Market Value (US$ Mn) & Volume, By Form 2022-2032
TABLE 104: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Country 2015-2021
TABLE 105: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Country 2022-2032
TABLE 106: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2015-2021
TABLE 107: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Product Type 2022-2032
TABLE 108: MEA Fats & Oils Market Value (US$ Mn) & Volume, By End User 2015-2021
TABLE 109: MEA Fats & Oils Market Value (US$ Mn) & Volume, By End User 2022-2032
TABLE 110: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Source 2015-2021
TABLE 111: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Source 2022-2032
TABLE 112: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Form 2015-2021
TABLE 113: MEA Fats & Oils Market Value (US$ Mn) & Volume, By Form 2022-2032
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List Of Figures
FIGURE 01: Global Fats & Oils Market Value (US$ Mn), 2015-2021
FIGURE 02: Global Fats & Oils Market Value (US$ Mn) Forecast, 2022-2032
FIGURE 03: Global Fats & Oils Market Value (US$ Mn) and Y-o-Y, 2022-2032
FIGURE 04: Global Edible vegetable oil Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 05: Global Edible vegetable oil Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 06: Global Edible vegetable oil Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 07: Global Palm Oil Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 08: Global Palm Oil Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 09: Global Palm Oil Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 10: Global Animal Fat Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 11: Global Animal Fat Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 12: Global Animal Fat Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 13: Global Other Types Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 14: Global Other Types Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 15: Global Other Types Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 16: Global Industrial Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 17: Global Industrial Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 18: Global Industrial Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 19: Global Residential Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 20: Global Residential Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 21: Global Residential Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 22: Global Vegetable Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 23: Global Vegetable Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 24: Global Vegetable Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 25: Global Animal Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 26: Global Animal Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 27: Global Animal Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 28: Global Liquid Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 29: Global Liquid Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 30: Global Liquid Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 31: Global Solid Segment Market Value (US$ Mn) By Region, 2015-2021
FIGURE 32: Global Solid Segment Market Value (US$ Mn) By Region, 2022-2032
FIGURE 33: Global Solid Segment Y-o-Y Growth Rate, By Region, 2022-2032
FIGURE 34: North America Fats & Oils Market Value (US$ Mn), By Country 2015-2021
FIGURE 35: North America Fats & Oils Market Value (US$ Mn), By Country 2022-2032
FIGURE 36: North America Fats & Oils Market Value (US$ Mn), By Product Type 2015-2021
FIGURE 37: North America Fats & Oils Market Value (US$ Mn), By Product Type 2022-2032
FIGURE 38: North America Fats & Oils Market Value (US$ Mn), By End User 2015-2021
FIGURE 39: North America Fats & Oils Market Value (US$ Mn), By End User 2022-2032
FIGURE 40: North America Fats & Oils Market Value (US$ Mn), By Source 2015-2021
FIGURE 41: North America Fats & Oils Market Value (US$ Mn), By Source 2022-2032
FIGURE 42: North America Fats & Oils Market Value (US$ Mn), By Form 2015-2021
FIGURE 43: North America Fats & Oils Market Value (US$ Mn), By Form 2022-2032
FIGURE 44: Latin America Fats & Oils Market Value (US$ Mn), By Country 2015-2021
FIGURE 45: Latin America Fats & Oils Market Value (US$ Mn), By Country 2022-2032
FIGURE 46: Latin America Fats & Oils Market Value (US$ Mn), By Product Type 2015-2021
FIGURE 47: Latin America Fats & Oils Market Value (US$ Mn), By Product Type 2022-2032
FIGURE 48: Latin America Fats & Oils Market Value (US$ Mn), By End User 2015-2021
FIGURE 49: Latin America Fats & Oils Market Value (US$ Mn), By End User 2022-2032
FIGURE 50: Latin America Fats & Oils Market Value (US$ Mn), By Source 2015-2021
FIGURE 51: Latin America Fats & Oils Market Value (US$ Mn), By Source 2022-2032
FIGURE 52: Latin America Fats & Oils Market Value (US$ Mn), By Form 2015-2021
FIGURE 53: Latin America Fats & Oils Market Value (US$ Mn), By Form 2022-2032
FIGURE 54: Europe Fats & Oils Market Value (US$ Mn), By Country 2015-2021
FIGURE 55: Europe Fats & Oils Market Value (US$ Mn), By Country 2022-2032
FIGURE 56: Europe Fats & Oils Market Value (US$ Mn), By Product Type 2015-2021
FIGURE 57: Europe Fats & Oils Market Value (US$ Mn), By Product Type 2022-2032
FIGURE 58: Europe Fats & Oils Market Value (US$ Mn), By End User 2015-2021
FIGURE 59: Europe Fats & Oils Market Value (US$ Mn), By End User 2022-2032
FIGURE 60: Europe Fats & Oils Market Value (US$ Mn), By Source 2015-2021
FIGURE 61: Europe Fats & Oils Market Value (US$ Mn), By Source 2022-2032
FIGURE 62: Europe Fats & Oils Market Value (US$ Mn), By Form 2015-2021
FIGURE 63: Europe Fats & Oils Market Value (US$ Mn), By Form 2022-2032
FIGURE 64: Japan Fats & Oils Market Value (US$ Mn), By Country 2015-2021
FIGURE 65: Japan Fats & Oils Market Value (US$ Mn), By Country 2022-2032
FIGURE 66: Japan Fats & Oils Market Value (US$ Mn), By Product Type 2015-2021
FIGURE 67: Japan Fats & Oils Market Value (US$ Mn), By Product Type 2022-2032
FIGURE 68: Japan Fats & Oils Market Value (US$ Mn), By Source 2015-2021
FIGURE 69: Japan Fats & Oils Market Value (US$ Mn), By End User 2022-2032
FIGURE 70: Japan Fats & Oils Market Value (US$ Mn), By Source 2015-2021
FIGURE 71: Japan Fats & Oils Market Value (US$ Mn), By Source 2022-2032
FIGURE 72: Japan Fats & Oils Market Value (US$ Mn), By Form 2015-2021
FIGURE 73: Japan Fats & Oils Market Value (US$ Mn), By Form 2022-2032
FIGURE 74: APEJ Fats & Oils Market Value (US$ Mn), By Country 2015-2021
FIGURE 75: APEJ Fats & Oils Market Value (US$ Mn), By Country 2022-2032
FIGURE 76: APEJ Fats & Oils Market Value (US$ Mn), By Product Type 2015-2021
FIGURE 77: APEJ Fats & Oils Market Value (US$ Mn), By Product Type 2022-2032
FIGURE 78: APEJ Fats & Oils Market Value (US$ Mn), By End User 2015-2021
FIGURE 79: APEJ Fats & Oils Market Value (US$ Mn), By End User 2022-2032
FIGURE 80: APEJ Fats & Oils Market Value (US$ Mn), By Source 2015-2021
FIGURE 81: APEJ Fats & Oils Market Value (US$ Mn), By Source 2022-2032
FIGURE 82: APEJ Fats & Oils Market Value (US$ Mn), By Form 2015-2021
FIGURE 83: APEJ Fats & Oils Market Value (US$ Mn), By Form 2022-2032
FIGURE 84: MEA Fats & Oils Market Value (US$ Mn), By Country 2015-2021
FIGURE 85: MEA Fats & Oils Market Value (US$ Mn), By Country 2022-2032
FIGURE 86: MEA Fats & Oils Market Value (US$ Mn), By Product Type 2015-2021
FIGURE 87: MEA Fats & Oils Market Value (US$ Mn), By Product Type 2022-2032
FIGURE 88: MEA Fats & Oils Market Value (US$ Mn), By End User 2015-2021
FIGURE 89: MEA Fats & Oils Market Value (US$ Mn), By End User 2022-2032
FIGURE 90: MEA Fats & Oils Market Value (US$ Mn), By Source 2015-2021
FIGURE 91: MEA Fats & Oils Market Value (US$ Mn), By Source 2022-2032
FIGURE 92: MEA Fats & Oils Market Value (US$ Mn), By Form 2015-2021
FIGURE 93: MEA Fats & Oils Market Value (US$ Mn), By Form 2022-2032
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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 2022-2032, 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 2022-2032?
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 2015-2021 historical period?
From 2015 to 2021, the market for fats and oils expanded at a 4.2% value CAGR
Fats and Oils Market