250 Pages Cooking Oil Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Cooking Oil. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Cooking Oil Market across various industries and regions.
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Global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026).
With increasing awareness regarding various lifestyle diseases such as diabetes, high cholesterol and obesity, health and fitness has gained high focus among individuals. They are becoming more aware regarding use of appropriate quantity of cooking oils. With this fact in focus, manufacturers have been producing cooking oils with high nutrient value and less fatty matter.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Cooking Oil market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Cooking Oil
This newly published and insightful report sheds light on Market Insights of Cooking Oil, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Cooking Oil Market.
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|Region||North America Latin America Europe Japan APEJ MEA|
|Fuel||Soy Oil Sunflower Oil Corn Oil Palm Oil Olive Oil Canola Oil Coconut Oil Sesame Oil|
|Category||Refined Semi-Refined Unrefined|
|Category||Refined Semi-Refined Unrefined|
|Sales Channel||Departmental Stores Hypermarkets & Supermarkets Discounters Online Store Convenience Store Other Sales Channel|
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Key Highlights on the Global Cooking Oil Market
With respect to region, Asia Pacific excluding Japan (APEJ) is expected to showcase higher growth potential as compared to other regions. Moreover, the sale of cooking oil in this region is expected to increase at a higher rate during the period of assessment. The sale of cooking oil in APEJ region is largely driven by heavily populated countries such as India and China. In China, according to WHO, the rate of chronic diseases has risen since past years owing to lifestyle changes and other causes such as excessive smoking and consumption of alcohol.
This has led to development of cooking oils that are high in nutritional value and promote health by increasing the good cholesterol content. For example, the demand for coconut oil in this region is expected to rise at a significant rate as it assists in fat burning to a large extent. In addition, the growing rate of population in countries of India and China is expected to spur the sales volume of cooking oils in this region, thus contributing to the growth of the global cooking oil market.
Demand for olive oil is expected to grow across regions during the forecast period owing to the health benefits associated with the product. For instance, olive oil is a rich source of antioxidants such as polyphenols that promote heart health. According to The New England Journal of Medicine, they are typically used in Mediterranean diet that has been followed across regions in order to reduce heart strokes and death related to heart disorders.
With respect to category, refined cooking oils have gained steady demand and are witnessing higher consumption as compared to other forms of cooking oils. Refined oils promote growth of good cholesterol that helps in fighting cardiovascular disorders and reduce the bad fat content in the body. Various refined cooking oils such as coconut oil, olive oil, canola oil and extra virgin olive oil, to name a few, are gaining high preference in daily cooking activities.
Conventional cooking oil segment by nature is expected to witness significant demand. The sale of conventional cooking oil is expected to increase during the forecast period. These oils have high smoke point and are available in various flavors. Moreover, they are a much preferred choice in restaurants. With respect to sales channel, hypermarkets and supermarkets are expected to largely contribute to the growth of cooking oil market. The sale of cooking oil in hypermarkets and supermarkets is relatively higher. This fact can be supported with increasing number of hypermarkets and supermarkets across reigns.
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Key Question answered in the survey of Cooking Oil market report:
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More Valuable Insights on Cooking Oil Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Cooking Oil, Sales and Demand of Cooking Oil, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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