Current Business Affairs Global Edible Oil Market 2018

Edible Oil Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast To 2025
Market Definition:
Edible oil is a section of food substance which has varied origin, source or composition, manufactured for human
consumption and is wholly or in part from a fat/oil source other than that of milk. They are among widely used food
ingredients and considered vital in preparing food items. People’s health is vastly impacted based on the type, amount
and frequency of consumption of edible oil as prevalence of various diseases such as heart disease and obesity etc. is
associated with increased consumption of oil in food. Consequently, people are gradually selecting healthier oils, which
are conducive to their healthy lifestyle choice. Manufacturers are focusing on developing novel edible oils which can
reduce the risk of various diseases. For instance- oil comprising omega-3 fatty acids is a healthier option for
consumption.
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Market Analysis with Latest Growth Factors:
The global edible oil market is anticipated to witness a substantial growth owing to increased popularity of unrefined,
organic, healthy and unprocessed oil. The consumption of monounsaturated and polyunsaturated edible oils such as
olive oil, sunflower oil, walnut oil and peanut oil is being preferred by the consumers owing to the health related
benefits. Additionally, canola oil, trans-fat free soybean oil are becoming increasingly popular, aiding to the market
growth.
Increasing crop yields constituting a major source for oil production is also responsible for large scale oil manufacturing
globally. Furthermore, manufacturers have adopted advanced techniques for processing edible oil at an affordable rate,
responsible for the increased sales in developing nations. Increasing consumption of fried foods, availability of new food
items and growing trend of packaged food products are also projected to enhance the demand for edible oils, causing
incessant increment in sales. Apart from food industry application, edible oil’s application as feedstock in biofuel
production is also responsible for market growth.
Stringent government regulations have been introduced on labeling and production of edible oils and other food
products owing to the incidents involving adulteration, where the product was diluted with a cheap commodity, have
occurred in the past and resulted in a setback for the edible oil market. Various countries have set up strict standards
pertinent to food safety in order to ensure the authenticity of food as well as labeling. These standards safeguard the
usage of un-adulterated, pure form of oil, thereby enhancing the sales of the products.