The Fats And Oils Global Market Report 2023 by The Business Research Company, provides fats and oils market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Fats And Oils Global Market Report 2023, the market size is expected to grow from$181.67 billion in 2022 to $195.6 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global fats and oils market is expected to grow to $251.32 billion in 2027 at a CAGR of 6.5%.
Many countries across the globe are experiencing falling prices of crops due to overcapacity, this is expected to result in low raw material costs for fats and oils manufacturing companies
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The fats and oils market is segmented:
1) By Type: Fats, Oils
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Product Type: Palm, Sunflower, Olive, Soyabean, Rapeseed
4) By Source: Plants, Animals
5) By Application: Food, Personal Care, Pharmaceutical, Animal Feed, Other Applications
Manufacturers are increasingly offering avocado oil due to an increase in demand from health-conscious customers. Avocado oil provides a lot of health benefits as it is a healthy fat and contains plenty of vitamins. Also, there is an increase in global avocado fruit production of five million metric tons, and annual production is expected to increase by nearly 200,000 metric tons. Mexico produces around 1.8 million metric tonnes of avocado fruit. This increase in fruit production is also expected to lead to increased demand.
The fats and oils market report table of contents includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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23. Key Mergers And Acquisitions
24. Market Background: Syrup, Seasoning, Oils, And General Food Market
25. Opportunities And Strategies
26. Fats And Oils Market, Conclusions And Recommendations
27. Appendix
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