Rising Awareness of Benefits of Food Cooked in Edible Oil to Boost Market Growth
The world economy and its impact on various countries and industries can be observed with several considerations. The need for industrialization across the globe has boosted urbanization. Changing lifestyles in rapidly changing economies affect the spending behavior of consumers. Consumers are concerned about maintaining their social status.
Due to hectic lifestyles, consumers opt for healthy food. Increasing the incidences of obesity and cardiovascular diseases are driving consumers across the globe to opt for healthy food. However, rise in awareness of health is influencing consumer preferences towards high-quality and healthy processed edible oils.
This inclination has influenced food manufacturers to shift their focus to offer edibles enriched with omega 3, vitamins, natural anti-oxidants, and other ingredients that are good for health.
CVDs (Cardiovascular diseases) are one of the main causes of mortality and morbidity globally. These diseases occur due to multiple gene interactions as well as environmental factors such as dietary habits and sedentary lifestyles. The quality of edible oils is widely considered to be intricately related to the pathogenesis of CVDs. Edible oil is among one of the vital dietary components in regular food intake. However, edible oils can be deteriorated by continuous heating that causes lipid oxidation.
The repeated usage of frequently heated edible oil is not unusual as it reduces the cost of food preparation. However, its negative impact is captured in the resultant products due to the oxidation of lipids during the heating process. Prolonged intake of food cooked in repetitively heated oil has been revealed to increase total cholesterol, blood pressure, and also lead to vascular inflammation.
For instance, in May 2016, Adani Wilmar has launched diabetics care oil under its Fortune brand. The Adani Wilmar is the first Indian company that has launched diabetic care oil. By launching this product, the company is targeting the health-conscious population.
Find Out More about the Report Coverage
- Cargill, Incorporated Overview
- Archer Daniels Midland Company
- Fuji Vegetable Oil, Inc
- Bunge Limited
- Conagra Brands, Inc.
- Adani Group
- Aveno NV
- The Adams Group Inc.
- American Vegetable Oils, Inc.
- The Nisshin OilliO Group, Ltd.
- Cereal Docks Spa
- Associated British Foods plc
- Borges International Group S.L.
- Emami Agrotech Ltd.
- Fytel Edible Oils Ltd
- Victoria Group
- Sunflower Vegetable Oil, Inc.
- Richardson International Limited
Technological Advancements Targeted at Incorporating Health Benefits into Edible Oils
The manufacturing of edible oils involves high precision processing as it is categorized in the range of premium quality products. In order to tailor to the increasing demand for high-quality edible oils, major players in the oil market are concentrating on the adoption of advanced technologies such as cold-pressing and refining technologies for oil production.
This allows manufacturers to produce high-quality edible oils efficiently and effectively. These technological advances support edible oil manufacturers for their product positioning in the finest division.
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Applications of Edible Oils in Cosmetics and Personal Care Products
The global increase in demand for cosmetics and personal care products has boosted the demand for edible oils for usage in cosmetic industries. Increasing urbanization and increasing per-capita incomes along with the growing self-care trend are driving the growth of the personal care products market.
Edible oils are being used in personal care and cosmetics, as they are good for skin due to the presence of essential nutrients and vitamins in these oils. Oil-based cosmetic products are also used in preventing several skin problems such as acne and rashes, and are boosting the demand for oil-based cosmetic and personal care products.
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Regional Landscape Analysis
PMR’s study discovered that South and East Asia account for approximately 40% of the market share in the global edible oils market. South and East Asia have a dense cluster of multinational as well as local edible oils manufacturers.
This has improved the market shares as well as market infiltration of these two regions. South Asia and East Asia are anticipated to grow at a promising CAGR during the forecast period. The Middle East and Africa market will also showcase a higher growth rate in comparison to other regions.
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The wide edible oil market outlook has led our analysts to conclude that the global edible oils market is predicted to develop at a substantial rate with South Asia and East Asia holding the highest growth potential during the forecast period in the global edible oils market. An increase in innovations in technology and the development of new products such as organic as well as low-cholesterol oils coupled with health benefits is stimulating the demand for edible oils across the globe.
Market players are investing in acquisitions & mergers, and are using their expertise in the usage of the innovative technology will provide gain profitability and momentum in the global edible oils market. However, the additional costs associated with the processing of oils could restrain the growth of the edible oils market.
Key Segments of the Global Edible Oils Market
PMR’s study on the global edible oils market offers information about the market by dividing it into 5 important segments- product type, nature, end use, distribution channels, and region for comprehensive and detailed insights.
Key Questions Answered in PMR’s Global Edible Oils Market
- Which region will have the highest market share in the global edible oils market over the forecasted period?
- Which region is experiencing the highest growth in terms of CAGR?
- Which factors are affecting the global edible oils market?
- Which are the global trends in the edible oils market that are influencing the market?
- What strategies must the emerging players in the edible oils market adopt to capture the opportunities in their various regions of operation?
- What is the market structure of the global edible oils market?
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