Market Research Reports - Ken Research G8 Nations Exploring New Prospects Market Outlook | Page 2

Apart from uses in the food industry, oils and fats are also being increasingly used in the industrial sector. There is a continuous shift from food to industrial consumption. In Europe there has been increased use of rapeseed oil for biodiesel production. Similar patterns are observed in South America with soya bean oil. The G8 nations are key contributors to the general food and beverage market. By market size, six of the top ten countries for the overall food and beverages industry are G8 nations with the US being the global leader and Japan being third in the global ranking. Russia, Germany, France and the UK follow shortly. The growing interest in biodiesel has led to Europe’s shift from food to industrial uses in its oil and fats industry. Though G8 nations may not be leaders in oil and fats, yet they are strong economies that are exploring new prospects and going strong in the bakery segment. To know more, click on the link below: https://www.kenresearch.com/food-beverage-and-tobacco/general-food/oils-fats-industry- guide/149746-11.html Related Reports: https://www.kenresearch.com/food-beverage-and-tobacco/general-food/oils-fats- europe/150137-11.html https://www.kenresearch.com/food-beverage-and-tobacco/general-food/oils-fats-asia- pacific/150126-11.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications [email protected] 0124-4230204