Fats & Oils Market by Source, Extraction Method, Category, Type, Application

List of Tables

The Fats & Oils Market was valued at USD 115.86 billion in 2023, expected to reach USD 121.74 billion in 2024, and is projected to grow at a CAGR of 5.42%, to USD 167.66 billion by 2030.

As a Market Research Analyst at 360iResearch focusing on Fats & Oils, your task is to delve into the intricacies of this broad sector which encompasses edible and non-edible oils derived from animal, vegetable, or synthetic sources and utilized extensively across food, industrial, and biofuel industries. The necessity of fats and oils lies in their fundamental application in cooking, food processing, energy, and as key ingredients in industrial lubricants and biofuels-each serving distinct end-use markets like food & beverages, cosmetics, pharmaceuticals, and energy sectors. Market insights indicate that the increasing demand for plant-based and healthier oil alternatives driven by rising consumer health consciousness is a significant growth factor. Additionally, the surge in biodiesel production boosts the need for oils like soybean and canola. However, market growth faces challenges such as fluctuating raw material prices, sustainability concerns, and stringent environmental regulations affecting production and supply chains. Furthermore, the necessity to maintain a balance between edible oil production and biofuel supply poses a constraint. Opportunities abound in developing trans-fat-free products and genetically modified oilseeds with enhanced nutritional profiles catering to health-driven consumer trends. Additionally, leveraging technology for precision agriculture can optimize yields and ensure sustainable practices, providing untapped potential in this arena. Innovation areas might include incorporating advanced extraction technologies or creating biodegradable and eco-friendly oils from emerging sources like algae. Research in fortifying oils with added nutrients or antioxidants can also significantly drive market competitiveness. Despite the challenges, the fats and oils market holds robust potential, demanding a keen focus on sustainable practices and technologically driven innovations to capture burgeoning opportunities aligned with evolving consumer preferences and global sustainability goals. This sector remains ripe for disruption and growth through agile strategies and adaptive resilience.

KEY MARKET STATISTICS
Base Year [2023]	USD 115.86 billion
Estimated Year [2024]	USD 121.74 billion
Forecast Year [2030]	USD 167.66 billion
CAGR (%)	5.42%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Fats & Oils Market

The Fats & Oils Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing consumer awareness about the health benefits and nutritional value of fats and oils
- Improved purchasing power and higher disposable income of consumers in developing economies
- Growing utilization of fats and oils in the production of biofuels and renewable energy sources
Market Restraints
- Health concerns and regulatory restrictions on the use of harmful fats
Market Opportunities
- Introduction of functional foods containing novel fortified cooking oils
- Innovations in the production of sustainable and ethically sourced products
Market Challenges
- Environmental and sustainability concerns in the production of palm oil

Porter's Five Forces: A Strategic Tool for Navigating the Fats & Oils Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Fats & Oils Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Fats & Oils Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Fats & Oils Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Fats & Oils Market

A detailed market share analysis in the Fats & Oils Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Fats & Oils Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Fats & Oils Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Fats & Oils Market

A strategic analysis of the Fats & Oils Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Fats & Oils Market, highlighting leading vendors and their innovative profiles. These include AAK AB, Adams Group Inc., Adani Wilmar Limited, Ag Processing Inc., Archer Daniels Midland Company, Associated British Foods plc, Borges Agricultural & Industrial Edible Oils, S.A.U.,, Bunge Limited, Cargill, Incorporated, Conagra Brands, Inc., Fuji Oil Company Ltd., Golden Agri-Resources Ltd, Intercontinental Specialty Fats Sdn. Bhd., International Foodstuff Company Holdings Limited, IOI Corporation, Liberty Oil Mills Ltd., Louis Dreyfus Company B.V., Marico Limited, Musim Mas Holdings Pte. Ltd., Nutiva Inc., Olam Agri Holdings Pte Ltd., Premium Vegetable Oils Sdn Bhd, PT Astra Agro Lestari Tbk, Richardson International Limited, Savola Group Co., The Nisshin Oillio Group, Ltd., Unilever PLC, and Wilmar International Ltd..

Market Segmentation & Coverage

This research report categorizes the Fats & Oils Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Source, market is studied across Animal-based, Microbial Sources, and Plant-based. The Animal-based is further studied across Butter, Ghee, Lard, and Tallow. The Microbial Sources is further studied across Algae and Fungi. The Plant-based is further studied across Avocado Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Sunflower Oil, and Vegetable Oils.
Based on Extraction Method, market is studied across Chemical Extraction, Cold Pressing, Mechanical Extraction, and Solvent Extraction.
Based on Category, market is studied across Edible and Inedible.
Based on Type, market is studied across Fully Hydrogenated, Non-Hydrogenated, and Partially Hydrogenated.
Based on Application, market is studied across Food Industry and Industrial. The Food Industry is further studied across Bakery, Confectionery, Dairy & Frozen Desserts, Processed Foods, Sauces And Dressings, and Savory Snacks. The Industrial is further studied across Biodiesel, Cosmetics & Personal Care, and Oleochemicals.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-546E6FBB395A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing consumer awareness about the health benefits and nutritional value of fats and oils
  - 5.1.1.2. Improved purchasing power and higher disposable income of consumers in developing economies
  - 5.1.1.3. Growing utilization of fats and oils in the production of biofuels and renewable energy sources
- 5.1.2. Restraints
  - 5.1.2.1. Health concerns and regulatory restrictions on the use of harmful fats
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of functional foods containing novel fortified cooking oils
  - 5.1.3.2. Innovations in the production of sustainable and ethically sourced products
- 5.1.4. Challenges
  - 5.1.4.1. Environmental and sustainability concerns in the production of palm oil
5.2. Market Segmentation Analysis
- 5.2.1. Source: Growing usage of plant-based fats as a sustainable alternative owing to the potential health benefits
- 5.2.2. End User: Rising demand for fats and oils in the food industry for flavor and texture enhancement
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Fats & Oils Market, by Source

6.1. Introduction
6.2. Animal-based
- 6.2.1. Butter
- 6.2.2. Ghee
- 6.2.3. Lard
- 6.2.4. Tallow
6.3. Microbial Sources
- 6.3.1. Algae
- 6.3.2. Fungi
6.4. Plant-based
- 6.4.1. Avocado Oil
- 6.4.2. Coconut Oil
- 6.4.3. Cottonseed Oil
- 6.4.4. Olive Oil
- 6.4.5. Palm Oil
- 6.4.6. Sunflower Oil
- 6.4.7. Vegetable Oils

7. Fats & Oils Market, by Extraction Method

7.1. Introduction
7.2. Chemical Extraction
7.3. Cold Pressing
7.4. Mechanical Extraction
7.5. Solvent Extraction

8. Fats & Oils Market, by Category

8.1. Introduction
8.2. Edible
8.3. Inedible

9. Fats & Oils Market, by Type

9.1. Introduction
9.2. Fully Hydrogenated
9.3. Non-Hydrogenated
9.4. Partially Hydrogenated

10. Fats & Oils Market, by Application

10.1. Introduction
10.2. Food Industry
- 10.2.1. Bakery
- 10.2.2. Confectionery
- 10.2.3. Dairy & Frozen Desserts
- 10.2.4. Processed Foods
- 10.2.5. Sauces And Dressings
- 10.2.6. Savory Snacks
10.3. Industrial
- 10.3.1. Biodiesel
- 10.3.2. Cosmetics & Personal Care
- 10.3.3. Oleochemicals

11. Americas Fats & Oils Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Fats & Oils Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Fats & Oils Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. CoreFX Ingredients acquires Connoils LLC
- 14.3.2. AAK and Checkerspot collaborate to develop and commercialize sustainable plant-based fats and oils
- 14.3.3. Clean Food Group secures GBP 2.5M funding
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. AAK AB
2. Adams Group Inc.
3. Adani Wilmar Limited
4. Ag Processing Inc.
5. Archer Daniels Midland Company
6. Associated British Foods plc
7. Borges Agricultural & Industrial Edible Oils, S.A.U.,
8. Bunge Limited
9. Cargill, Incorporated
10. Conagra Brands, Inc.
11. Fuji Oil Company Ltd.
12. Golden Agri-Resources Ltd
13. Intercontinental Specialty Fats Sdn. Bhd.
14. International Foodstuff Company Holdings Limited
15. IOI Corporation
16. Liberty Oil Mills Ltd.
17. Louis Dreyfus Company B.V.
18. Marico Limited
19. Musim Mas Holdings Pte. Ltd.
20. Nutiva Inc.
21. Olam Agri Holdings Pte Ltd.
22. Premium Vegetable Oils Sdn Bhd
23. PT Astra Agro Lestari Tbk
24. Richardson International Limited
25. Savola Group Co.
26. The Nisshin Oillio Group, Ltd.
27. Unilever PLC
28. Wilmar International Ltd.