PHO and Non-PHO-based Oil and Fat Market
PHO- and Non-PHO-based Oil and Fat Market Study by Partially Hydrogenated Oil and Non-Partially Hydrogenated Oil for Industrial, Commercial, and Household Use from 2024 to 2034
Analysis of PHO and Non-PHO-based Oil and Fat Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
PHO- and Non-PHO-based Oil and Fat Market Outlook (2024 to 2034)
The valuation of the global PHO and non-PHO-based oil and fat market is estimated at US$ 269.5 billion in 2024. Worldwide revenue is projected to reach US$ 469.2 billion by the end of 2034, increasing at a CAGR of 5.7% between 2024 and 2034.
PHOs are oils and fats with an iodine value (IV) greater than 4 that have undergone hydrogenation but have not reached full or nearly full saturation. PHOs are the main dietary source of trans-fatty acids produced industrially because, in contrast to other edible oils, they are naturally trans-fatty acid-containing and are purposefully produced to alter the qualities and functionality of the oils as well as the food to which they are added.
Key Market Growth Drivers
- PHO and non-PHO-based oil and fat market growth is largely driven by regulatory changes about trans fats. Partially hydrogenated oils, or PHOs, have long been used in the food industry but are currently being phased out because of their detrimental effects on health, especially cardiovascular health.
- Food makers are forced to find substitute fats and oils that do not contain trans fats as governments and health organizations are imposing stricter regulations or outright banning PHOs.
- There is a significant market need for oils and fats that are not derived from PHO as a result of this regulatory push. Food manufacturers are searching more and more for healthier substitutes that have the same functional qualities as PHOs but none of the negative health effects.
- The rising popularity of non-PHO-based oils and fats is also attributed to consumer awareness of and preference for healthier food options.
- Consumers are actively looking for products that use healthier fats and oils as they are becoming more aware of the health risks linked to trans fats, thus setting PHO- and non-PHO-based oil and fat market trends. Food producers are further encouraged to reformulate their products with non-PHO alternatives as a result of this shift in consumer demand.
| Report Attribute | Detail |
|---|---|
| PHO- and Non-PHO-based Oil and Fat Market Size (2024E) | US$ 269.5 Billion |
| Forecasted Market Value (2034F) | US$ 469.2 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.7% CAGR |
| East Asia Market Share (2024E) | 22.4% |
| North America Market Share (2024E) | 23.9% |
| Sales of Partially Hydrogenated Oils (2024E) | US$ 125.3 Billion |
| Key Companies Profiled | Oleo-Fats Inc.; De Wit Specialty Oils; Mewah International Inc.; IOI Corporation Berhad; Archer-Daniels-Midland Company; Bunge Ltd.; AAK AB; The Hain Celestial Group Inc.; Ventura Foods; IFFCO Group; 3F Industries Limited; Musim Mas Holdings; Fuji Oil Holdings Inc. |
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What is Driving Popularity of PHO- and Non-PHO-based Oils and Fats?
“Focus on Gradually Eliminating Trans Fats from Food and Non-Alcoholic Beverages”
Concerned food safety authorities and organizations have been taking action to limit the use of trans-fatty acids in most consumed food products because of the rise in some deadly diseases linked to the consumption of fatty food products. Leading the charge to restrict the use of trans-fatty acids in food production, the WHO has caused a sharp drop in the market for PHO oils, which in turn has increased demand for non-PHO-based oils and fats.
- In response to WHO guidelines against trans-fat consumption, the food safety regulatory body in India, FSSAI (Food Safety and Standards Authority of India), which also happens to be one of the largest markets for fats and oils, had set guidelines to limit trans fats in oil by 2% by 2022. Currently, trans fats are permitted at a level of 5%. The study on the worldwide market for PHO and non-PHO-based oils and fats goes into great detail about these laws and includes the most recent data on the anti-trans-fatty acid laws of the major nations that have put them into effect.
Leading food and non-alcoholic beverage manufacturers are gradually removing trans fats from their products as part of the WHO's objective to eradicate industrially produced trans-fat by the end of 2023.
What are the Key Challenges Faced by Producers of PHO- and Non-PHO-based Oils and Fats?
“Regulatory Restrictions and High Cost Associated with Reformulation Efforts”
One of the most significant challenges is the increasing regulatory restrictions on trans fats, which are found in PHOs. Since PHOs are linked to cardiovascular disease and other health risks, many countries have either outlawed them completely or are in the process of doing so. It is necessary to find substitute ingredients or reformulate products to comply with these regulations.
Consumer awareness of the dangers trans fats are posing to their health is rising due to this, there is a high demand from consumers for healthier food options, such as those that are either completely free of trans fats or have substantially lower trans-fat content. To meet the demands of health-conscious consumers, suppliers are providing alternatives.
Suppliers are facing high costs and time commitments when reformulating products to eliminate or reduce PHOs. To find suitable replacements that preserve the functionality, flavor, and texture of the original products, research and development efforts are necessary. Additionally, retooling manufacturing processes and retraining employees are also incurring costs, thus impeding the expansion of the PHO- and non-PHO-based oil and fat market size.
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Country-wise Insights
North America is expected to hold 23.9% of the global PHO- and non-PHO-based oil and fat market share in 2024. Food safety regulations in several parts of the world are creating a positive impact on the market. The PHO- and PHO-based oil and fat market in East Asia is projected to expand at a CAGR of 6% from 2024 to 2034.
Several countries in East Asia, including Japan, South Korea, Taiwan, and China, are implementing or are considering regulations to reduce trans fats in food products. Since PHOs have detrimental effects on health, the regulatory environment is becoming more and more restrictive, promoting the use of non-PHO alternatives.
Why is Consumption of PHO- and non-PHO-based Oils and Fats Rising in the United States?
“PHO- and non-PHO-Based Oils and Fats Popular among Sports Enthusiasts”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 28.7 Billion |
| Growth Rate (2024 to 2034) | 6.1% CAGR |
| Projected Value (2034F) | US$ 52 Billion |
The United States is poised to hold a significant market share of 44.5% in North America in 2024. The United States FDA's determination that partially hydrogenated oils (PHOs) are not generally recognized as safe (GRAS) for use in human food has resulted in regulatory actions to limit their presence in the food supply. As a result, suppliers and manufacturers are actively looking for substitute oils and fats that don't contain PHOs.
What is the Sales Outlook for PHO- and Non-PHO-based Oils and Fats in Japan?
“Strict Regulations to Minimize Use of Trans Fats in the Country”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 17.4 Billion |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 31.9 Billion |
To inform consumers and incentivize food manufacturers to reduce the amount of trans fat in their goods, Japan is implementing new labeling regulations for foods containing trans fats in 2023. This push for regulations is in line with global movements to minimize trans fats encouraging the use of non-PHO substitutes.
Consumers in Japan are becoming more conscious of the dangers trans fats pose to their health, especially their effects on cardiovascular health. The market for non-PHO-based oils and fats is growing as a result of this awareness, which is increasing demand for goods that are labeled as trans-fat-free or have lower levels of trans fats.
Category-wise Insights
The PHO-and non-PHO-based oil and fat market is categorized based on application and product type. In terms of product type, the market is categorized into partially hydrogenated oils and non-partially hydrogenated oils. Application-wise, it is segmented into industrial, commercial, and household, of which commercials account for hotels, restaurants, and cafes are expected to hold 43.4% of the global market in 2024.
Why are Sales of Non-Partially Hydrogenated Oils Rising Steadily?
“Superior Nutritional Profiles and Healthier Lipid Profile”
| Attribute | Non-Partially Hydrogenated Oils |
|---|---|
| Segment Value (2024E) | US$ 144.2 Billion |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 247.7 Billion |
Non-partially hydrogenated oils (non-PHO oils) provide several advantages over partially hydrogenated oils (PHOs), particularly in terms of health and functionality. The fact that non-PHO oils do not contain trans fats is one of their biggest benefits. Trans fats are known to raise LDL cholesterol levels, which are commonly referred to as "bad" cholesterol, and lower HDL cholesterol levels, which are considered "good" cholesterol. These effects can raise one's risk of developing heart disease. Using non-PHO oils to replace trans fats in the diet promotes heart health and lowers the risk of cardiovascular disease.
Due to their superior nutritional profiles, non-PHO oils and fats-such as high oleic oils or blends of healthier vegetable oils, are recommended. When compared to PHOs, non-PHO oils typically have a healthier lipid profile. Higher amounts of monounsaturated and polyunsaturated fats, which are good for the heart when eaten in moderation, are usually found in them. These beneficial fats can enhance overall lipid profiles and assist in lowering LDL cholesterol levels.
Why is the Foodservice Industry a Key End Use in This Market?
“High Consumer Demand for Healthier Food Options”
| Attribute | Commercial |
|---|---|
| Segment Value (2024E) | US$ 117 Billion |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 214 Billion |
Several regions across the globe are enacting regulations limiting the use of PHOs due to their negative health impacts. These regulations apply to commercial food service operators as well, and as a result, there has been a shift toward non-PHO alternatives that either contain no trans fats at all or significantly less. Across the commercial segment, consumers and institutions are increasingly preferring healthier food options.
Customers who are concerned about their health are becoming more aware of the dangers of trans fats and actively seeking out restaurants that use healthier fats and cooking oils. Suppliers of non-PHO fats and oils are essential in helping commercial foodservice operators by offering product knowledge, assistance with technical issues, and menu reformulation help. They work closely with kitchen staff and chefs to ensure that healthier fats and oils are seamlessly incorporated into menu items without sacrificing quality or taste.
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Competition Analysis
To meet consumer demands for improved nutrition and ingredient transparency, key players in the PHO- and non-PHO-based oil and fat market are providing healthier options to consumers.
- In June 2021, Cargill announced plans to construct a new US$ 200 million palm oil refinery in Indonesia to expedite the development of a sustainable palm supply chain and offer customers verified products free of deforestation.
- To satisfy the rapidly increasing demand from customers in the food, feed, industrial, and biofuel sectors-including those who produce renewable diesel-ADM intended to construct its first-ever dedicated soybean crushing and refinery in the United States in May 2021.
Fact.MR provides detailed information about the price points of leading manufacturers of PHO- and Non-PHO-based oil and fat positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of PHO- and Non-PHO-based Oil and Fat Market Research
-
By Product Type :
- Partially Hydrogenated Oil
- Non-Partially Hydrogenated Oil
-
By Application :
- Industrial
- Commercial
- Household
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Product Type
- 6.2. Application
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
- 7.1. Partially Hydrogenated Oil
- 7.2. Non-Partially Hydrogenated Oil
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 8.1. Industrial
- 8.2. Commercial
- 8.3. Household
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Product Type, Application, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Oleo-Fats Inc.
- 19.2. De Wit Specialty Oils
- 19.3. Mewah International Inc.
- 19.4. IOI Corporation Berhad
- 19.5. Archer-Daniels-Midland Company
- 19.6. Bunge Ltd.
- 19.7. AAK AB
- 19.8. The Hain Celestial Group Inc.
- 19.9. Ventura Foods
- 19.10. IFFCO Group
- 19.11. 3F Industries Limited
- 19.12. Musim Mas Holdings
- 19.13. Fuji Oil Holdings Inc.
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market size of PHO- and Non-PHO-based oils and fats in 2024?
The global market for PHO- and Non-PHO-based oils and fats is estimated at US$ 269.5 billion in 2024.
What are the projected sales of PHO- and Non-PHO-based oils and fats for 2034?
Worldwide sales of PHO- and non-PHO-based oils and fats are forecasted to reach US$ 469.2 billion by 2034.
What is the demand growth outlook for the global market?
The market has been projected to increase at a CAGR of 5.7% from 2024 to 2034.
Which country accounts for high sales of PHO- and Non-PHO-based oils and fats?
The market in China is projected to reach a value of US$ 29.5 billion in 2024.
What is the projected market value for PHO- and Non-PHO-based oils and fats in Japan?
The market in Japan is forecasted to reach US$ 31.9 billion by the end of 2034.
Which application holds a high share of PHO- and Non-PHO-based oils and fats?
Sales of PHO- and Non-PHO-based oils and fats from commercial use are set to reach US$ 117 billion in 2024.
Who are the top producers of PHO- and Non-PHO-based oils and fats?
Leading manufacturers in the market are Oleo-Fats Inc., De Wit Specialty Oils, and Mewah International Inc.
PHO and Non-PHO-based Oil and Fat Market