The Business Research Company’s latest report Fats And Oils Global Market Report 2020 covers Fats And Oils market drivers, Fats And Oils market trends, Fats And Oils market segments, Fats And Oils market growth rate, Fats And Oils market major players, and Fats And Oils market size. The report provides in-depth analysis of the impact of COVID-19 on the Fats And Oils industry, along with revised market numbers due to the effects of the coronavirus.
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Fats And Oils Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global fats and oils market is expected to grow from $145.4 billion in 2019 to $152.7 billion in 2020 at a compound annual growth rate (CAGR) of 5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $195.4 billion in 2023.
The report covers the Fats And Oils market’s segments-
1) By Type: Fats, Oils.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Product Type: Palm, Sunflower, Olive, Soyabean, Rapeseed.
4) By Source: Plants, Animals.
5) By Application: Food, Personal Care, Pharmaceutical, Animal Feed, Others.
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