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Vegetable Fats Market Strategic Analysis, Industry Overview, Key Players, Growth Forecast by 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-21 

Global Market Insights, Inc. has launched a report on Vegetable Fats Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Positive application outlook across food and industrial sector for culinary works, perfume formulations, biofuel feedstock, and soap manufacturing will drive the vegetable fats market over the forecast timeframe. The tightening of regulatory guidelines pertaining to recycling and disposal of petrochemical-derived lubricants across biofuel industry has provided new growth avenues for vegetable fats market.

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Expansion of the processed foods industry, predominantly in emerging economies is expected to drive vegetable oils consumption over the forthcoming years. Global processed fruits & vegetables market registered over USD 230 billion in 2017. The vegetable fats market is expected to gain traction owing to growing demand for products with qualities such as low-fat, low-calorie, and low-cholesterol. Presence of unorganized sector, price volatility, and shrinking arable land for oilseeds and oil crops are the major factors hindering the industry growth.

Shifting consumer focus toward a healthy diet along with growing nutritive food demands will propel the vegetable fats market share. Key benefits such as enhanced metabolism, reduced risks of cardiovascular diseases, a rich source of omega 3 fatty acids, and reduced breast cancer risks will promulgate the product portfolio. In addition, strengthening the immune system, increased metabolism rates, high cell growth, and prevention of osteoporosis will further drive the business expansion.

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Fats obtained from vegetables are majorly extracted from seeds such as soybean, rapeseed, and sunflower or other parts of the fruits. Rapid technological advancements & innovations pertaining to several crop irrigation techniques and seed treatment methods along with significant R&D investments by major players will drive market growth. Regulatory guidelines & policies set by government bodies across the globe will boost industry expansion.

Vegetable Fats Market, By Product

  • Soybean
  • Canola
  • Palm Oil
  • Palm Kernel
  • Groundnut
  • Sunflower
  • Coconut
  • Others (Safflower, Corn, Olive, Cottonseed)

Unsaturated type accounted for a share of more than 60% in the overall vegetable fats market in 2018. Increasing consumer demand for nuts, fruits, and seeds containing high amounts of unsaturated vegetable fats owing to the ability to lower bad cholesterol and triglyceride levels in the body will fuel the product demand in the overall industry landscape. For instance, as per the daily dietary guidelines, 25% to 35% of the daily calorie intake should come from fats present in nuts & seeds.

Coconut is anticipated to witness over 6.5% growth in terms of revenue up to 2025. Coconut is widely used for the extraction of oils & fats from tender or dried kernels, which are colorless & tasteless in nature. Increasing product usage in the manufacture of several bakery items coupled with significant additions in various dishes across the globe will propel the vegetable fats market size.

Spreads & dressings in the food application are projected to surpass USD 32 billion by 2025. Shifting consumer preferences toward healthy diet regimes owing to rising obesity and cardiovascular diseases across the globe will augment the vegetable fats market. Extensive use of spreads & dressings in the preparation of various salads, sandwiches, and other dishes will fuel the product demand.

Unilever PLC, Archer Daniels Midland Company, IFFCO, United Plantation Berhad, Conagra Foods, Wilmar International Ltd., and Ajinomoto.co are among the major manufacturers in the business. Global industry share is highly competitive with the presence of regional players and multinational corporations. The key manufacturers are involved in production capacity expansions, long-term agreements, mergers & acquisitions, and new product launches to gain a competitive edge over other players.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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