According to the latest report by IMARC Group, titled, “Fats and Oils Market :Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026?, the fats and oils market is expected to grew at a CAGR of around 5% during the forecast period (2021-2026).Fats and oils involve a wide variety of glycerol-based esters with triacylglycerols that are naturally found in plants and animals. They constitute a crucial part of a healthy diet based on the high amount of essential fatty acids (EFAs). These EFAs aid in insulating organs, providing energy, and transporting A, D, E, and K vitamins through the blood. Fats and oils are extensively utilized in the food and beverages sector for flavoring, sautéing, frying and improving the texture of several food items. Moreover, they are also utilized in the production of animal feed, biodiesel, pharmaceuticals, biodiesel, and oleochemicals.
Fats and Oils Market Trends:
The increasing trend of on-the-go food consumption, along with the rising inclination towards ready-to-eat and processed food variants, has augmented the demand for fats and oils as preservatives and taste enhancers. Furthermore, the escalating utilization of fats and oils in the preparation of numerous condiments, such as sauces, butter, mayonnaise, margarine, etc., is also propelling the market growth.
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Global Fats and Oils Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Ajinomoto Co. Inc., Archer-Daniels-Midland Company, Associated British Foods plc, Bunge Limited, Cargill Incorporated, Conagra Brands Inc., Fuji Oil Holding Inc., Unilever, United Plantations Berhad and Wilmar International Limited.
The report has segmented the market on the basis on region, type, material and end use industry.
Breakup by Type:
Oil Type
Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Others
Fat Type
Butter
Shortenings and Margarine
Lard
Tallow
Others
Breakup by Application:
Food Applications
Industrial Applications
Breakup by Source:
Vegetable
Animal
Breakup by Sales Channel:
Direct Sales
Supermarkets and Hypermarkets
Retail Stores
Online Stores
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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