Cooking Oil Market Forecast

Cooking Oil Market Overview, Industry Top Players, Industry Growth Size and Forecast 2017 to 2026

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Fact.MR’s report on Global Cooking Oil Market

Fact.MR analysis reveals that the global cooking oil market is projected to expand at a volume CAGR of 5.1% throughout the period of forecast, 2017-2026. Also, the sale of cooking oil is estimated to surpass US$ 342 Bn by the end of the year of assessment (2026). The global cooking oil market is expected to witness steady growth during the forecast period. This growth is defined by the growing use of cooking oils across regions coupled with demand for healthy oils with high nutritional content.

In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global Cooking Oil market considering 2012-2016 as the historic year and 2017–2026 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

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The Cooking Oil market study outlines the key regions - North America, Latin America, Europe, Japan, APEJ and Middle East & Africa– along with the countries contributing the most in the respective regions.

Cooking Oil Market Set to Deliver Major Revenue Shares during the Forecast Period

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Demand for cooking oil in Asia Pacific continues to remain strong, however, transformations are underway. Rising disposable income has led to the emergence of a strong middle class, which is ramping up demand for refine and premium cooking oil. The impact of health and wellness trend is palpable in the cooking oil market in APAC, forcing players to diversify their product offerings. Cooking oil demand in APAC is likely to grow at nearly 5% y-o-y in 2018, resulting into volumes of over 86,000 tons.

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The dietary habits of consumers in APAC have witnessed significant transformation in the last decade or so. The impact of western dietary habits is palpable on the cooking oil demand in APAC, with many existing and new players launching low-fat products in the market. Although these gains have been prominently noticed by cooking oil manufacturers, average consumption of premium cooking oil products per consumer is still on the lower side.