The global edible oils market was valued at US$ 83.4 Bn and is expected to reach US$ 130.3 Bn by 2024.
New York, NY -- (SBWIRE) -- 08/25/2016 -- Persistence Market Research (PMR) delivers key insights on the global edible oils market in its recent outlook titled "Global Market Study on Edible Oils: Increasing Health Awareness Clubbed With Preference for Natural and Organic Oils Is Expected to Drive Growth of Edible Oils". In terms of value, the global edible oils market is expected to expand at a CAGR of 5.1% during the forecast period (2016–2024). In 2015, the global edible oils market was valued at US$ 83.4 Bn and is expected to reach US$ 130.3 Bn by 2024.
On the basis of type, the global edible oils market is segmented into palm oil, soybean oil, sunflower oil, olive oil, corn oil, canola oil, specialty blended oils, and other oils. Demand for edible oils has grown significantly owing to increasing consumption of fried foods. Changing dietary habits, improving living standards, and increasing consumer preferences for healthy edible oils is expected to fuel revenue growth of the global edible oils market. On the basis of end-users, the global edible oils market is segmented into foodservice, food processor, and retail.
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This report covers trends driving each segment and offers analysis and insights regarding the potential of the edible oils market in specific regions. In terms of value, Asia Pacific (APAC) is expected to remain the most dominant market throughout the forecast period, followed by Europe. In 2015, markets in APAC and Europe, collectively accounted for over 60% market share, in terms of value. In 2015, APAC, Europe, and North America, collectively accounted for over 70.0% market share of the global market in terms of volume. Asia Pacific is expected to remain the largest market through 2024, followed by Europe and North America.
Key players in the global edible oils market report include edible oils suppliers and manufacturers such as Adani Wilmar Limited., Cargill, Incorporated, Associated British Foods plc, Archer Daniels Midland Company, Bunge Alimentos S.A., Ruchi Soya Industries Ltd., American Vegetable Oils, Inc., Beidahuang Group, Borges Mediterranean Group S.L.U., Fuji Vegetable Oil, Inc., The Adams Group, Inc., and Olympic Oils Limited.
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