Market Research Future (Food and Beverages) Edible Oils and Fats Market Research Report | Page 3

Edible Oils and Fats Market Research Report- Forecast to 2023
2 Market Overview
Global edible oils and fats market is projected to reach 298,522 kilo tons by 2023 with CAGR of 4.56% in terms of
volume. In 2017, APAC holds major market share followed by Europe in edible oils and fats market as APAC has
large resources of crops and livestock in the world. Europe will witness higher market growth in edible oils and fats
market during forecast period. Increasing demand of animal fats across the globe and improving harvesting
techniques are driving the edible oils and fats market in Europe.
Globally, palm oil and soybean oil together holds more than 45% of market share in the year 2017. %. Corn oil will
witness higher growth rate during the forecast period due to increasing demand of corn oil from industrial application.
The plant source edible oil and fats holds more than 80% of market share in 2017 as majority of edible oils and fats
are made from plant source across world. Animal source fats will witness steady growth rate during the forecast
period. There are many types of oils and fat available in market as each one has its unique characteristics which
attracting number of consumers across the globe. Industrial uses of edible oil and fats such as Bio-fuel has boosted
the market and will continue to contribute in market growth during forecast period.
Target Audience:
• Edible Oils and Fats Manufacturers
• Food and beverage Industry
• Agriculture Industry
• Bio-diesel manufacturers
• Animal feed manufacturers
• Retailers and wholesalers
• Traders, importers and exporters
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