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Moreover, standards to ensure product authenticity have been laid down by the Food and Agricultural
Organization (FAO). A research by the Food Navigator, a prominent online news source for the global
food industry, states that trans fats increase cholesterol level in the body and can further give rise to
heart diseases or diabetes. This has compelled manufacturers to undertake R&D initiatives concerning
production of trans-fat free soybean oil.
Increased investments, novel product development, and innovation of new flavors & healthy
ingredients, particularly in developed markets, are projected to open new avenues for growth.
However, strict regulations in product applications and growing health problems among consumers are
major challenges faced by the market. Furthermore, low production and inability to meet growing
demand of the product are estimated to restrain market growth in the coming years.
Palm oil is likely to account for a prominent share in the forthcoming years as a result of robust
demand, particularly in Indonesia and Malaysia, burgeoning applications, and advancements in
sustainable production techniques. Soybean, olive, avocado, and coconut oils are anticipated to gain
traction in future as they are a rich source of fatty acid, which can lower cholesterol and kill bacteria
and other pathogens.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-and-
beverages-industry
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