The Business Research Company’s Fats And Oils Global Market Report 2021: COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, September 29, 2021 /EINPresswire.com/ — According to the new market research report ‘Fats And Oils Global Market Report 2021 – COVID-19 Impact And Recovery’ published by The Business Research Company, the fats and oils market is expected to grow from $136.31 billion in 2020 to $146.63 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $200.21 billion in 2025 at a CAGR of 8%. Many countries across the globe are experiencing falling prices of crops due to overcapacity; this is expected result in low raw material costs for fats and oils manufacturing companies. Thus, overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will enable fats and oils manufacturing companies to increase their production and drive the market going forward.
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The fats and oils market consists of sales of fats and oils by entities (organizations, sole traders and partnerships) that produce shortening and margarine from purchased fats and oils; refine and/or blend vegetable, oilseed, and tree nut oils from purchased oils; and blend purchased animal fats with purchased vegetable oils. The fats and oils market is segmented into fats and oils.
Trends In The Global Fats And Oils Market
Manufacturers are increasingly offering avocado oil due to increase in demand from health-conscious customers. Avocado oil provides a lot of health benefits as it is a healthy fat and contains plenty of vitamins. Also, there is an increase in global avocado fruit production with five million metric ton, and annual production is expected to increase by nearly 200,000 metric tons. Mexico produces around 1.8 million metric tons of avocado fruit. This increase in fruit production is also expected to lead to increased demand.
Global Fats And Oils Market Segments:
The global fats and oils market is further segmented:
By Type: Fats, Oils
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Product Type: Palm, Sunflower, Olive, Soyabean, Rapeseed
By Source: Plants, Animals
By Application: Food, Personal Care, Pharmaceutical, Animal Feed, Others
By Geography: The global fats and oils market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific fats and oils market accounts for the largest share in the global fats and oils market.
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Fats And Oils Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fats and oils market overviews, analyzes and forecasts market size and growth for the global fats and oils market, fats and oils global market share, fats and oils market players, fats and oils market segments and geographies, fats and oils market’s leading competitors’ revenues, profiles and market shares. The fats and oils market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Fats And Oils Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Fats And Oils Market Organizations Covered: Wilmar International Limited; Archer Daniels Midland Company; Bunge Limited; Cargill; Ruchi Soya.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Here is a list of reports from The Business Research Company similar to the Fats And Oils Global Market Report 2021:
Syrup, Seasoning, Oils, & General Food Global Market Report 2021 – By Type (Flavoring Syrup And Concentrate, Seasoning And Dressing, Fats And Oils), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce), COVID-19 Impact And Recovery
Food Ingredients Global Market Report 2021 – By Product Type (Starches, Vegetable Oils And Fats, Natural Sweeteners, Enzymes And Antioxidants, Natural Flavorings And Colours, Functional Ingredients), By Function (Sweeteners, Emulsifier, Flavors And Color Additives, Preservatives, Fat Replacers, Nutrients, Stabilizers, Thickeners, Binders, And Texturizers, pH Control Agents And Acidulants), By Application (Pharmaceuticals, Food And Beverages, Animal Feed), COVID-19 Growth And Change
Food Antioxidants Global Market Report 2021 – By Type (Natural, Synthetic), By Form (Dry, Liquid), By Source (Fruits And Vegetables, Oils, Spices And Herbs, Botanical Extracts, Gallic Acid), By Application (Fats And Oils, Prepared Foods, Prepared Meat And Poultry, Seafood, Bakery And Confectionery, Plant Based Alternatives, Nutraceuticals), COVID-19 Growth And Change
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