Global Forecast Fats & Oils Market

Bharatbook.com announces a report on “Fats & Oils Market by Type, Animal Fat, Application, Source, Form, Brand, and Region - Global Forecast to 2021”. Palm oil was the most widely consumed type of vegetable oil, with the largest market share in 2015. https://www.bharatbook.com/food-market-research-reports-511871/fats-oils-type-application-source-brand-region-global-forecast.html

Fats & oils market is projected to grow at a CAGR of 4.4%

The Fats & Oils market is projected to grow at a CAGR of 4.4% from 2016 and reach USD 247.78 billion by 2021. The demand for fats & oils is projected to grow, owing to the increase in global demand for edible oils and focus on biodiesel production from vegetable oils. Food applications of fats & oils account for a major share in terms of consumption.

Palm oil is projected to be the fastest growing segment

Palm oil is one of the world’s largest exported commodities. Its production is dominated by Malaysia and Indonesia, accounting for 80%–96% of the global output, according to the Malaysia Palm Association. Palm oil was the most widely consumed type of vegetable oil, with the largest market share in 2015. In terms of value, the palm oil segment is projected to grow at the highest rate between 2016 and 2021, due to its use as an edible oil and in the production of biodiesel, which should continue to drive the demand and increase the production. In terms of volume, the soybean oil segment is projected to grow at the highest CAGR from 2016 to 2021.

Asia-Pacific projected to be the fastest-growing region in the market

The Asia-Pacific region accounted for the largest share, in terms of both value and volume, in the global fats & oils market, in 2015. This region comprises developing economies such as China and India, which are the largest consumers of fats & oils in the world, and Indonesia and Malaysia, which are the largest producers of palm oil.

Break-up of primaries:

- By Company Type: Tier 1 – 50 %, Tier 2 –...