Global Market Study on High Oleic Oil: Increasing Application in Nutraceuticals Aiding Market Progression


High Oleic Oil  Market
  • Published On : Oct-2020 |
  • Pages : 340 Pages |
  • Format : High Oleic Oil  Market High Oleic Oil  Market High Oleic Oil  Market High Oleic Oil  Market

High oleic oil offers superior resistance to oxidation. This resistance extends the shelf life of packaged products and fresh baked goods. The functionality testing of high oleic oil has showed that, enzymatically interesterified high oleic oil shortening produces baked goods with increased oxidative stability, similar to products made with partially hydrogenated oils (PHO). This makes it the perfect drop-in solution for bakery applications. High oleic oil features a neutral flavor profile, allowing the true and natural flavors of ingredients to stand out. Such increased functionality of high oleic oil in the food industry is expected to aid the expansion of the global high oleic oil market size, which is expected to reach a valuation of US$ 14.4 Bn by 2030-end.

High Oleic Oil Market Trends

Increased Customer Preference for Products Supporting Preventive Health to Surge Application of High Oleic Oils in Nutraceuticals: High oleic oil has the least saturated fat as compared to any of the common culinary oils, and is free of trans-fat. In fact, the U.S. Food and Drug Administration authorized qualified health claims for high oleic oil on its potential to reduce the risk of heart disease. Around 1.5 tablespoons of this oil a day, when used in place of saturated fat, aids heart health.

High oleic oil also has the most plant-based omega-3 fat among the common oils, and is a good source of vitamin E. Increased application in nutraceuticals is expected to drive the growth of the high oleic oil market over the years to come.

  • According to the World Health Organization, cardiovascular disease is the number one cause of death, globally, with an estimated 17.9 Mn deaths each year.

Health-conscious Consumers Demanding Health-beneficial Ingredients in Food Products: In terms of application and performance, high oleic oil find use in food manufacturing, primarily for par-fried snacks such as potato chips and corn chips. It can also be used in some sauces, marinades & dressings, vegetarian meals; as spray coatings for cereals, crackers, and dried fruits; and in some bakery products. The smoke point for high oleic oil is much higher than other oils (excellent fry life). High oleic oil is ideal for sautéing, stir-frying, deep-frying, and other high-heat applications. As such, the global high oleic oil market is expected to see increased demand from the food processing industry that is targeting health-conscious consumers.

Regional Outlook of High Oleic Oil Market

The global high oleic oil market share is dominated by established markets of North America and Europe, which will have a value share of 30% and 40%, respectively, in the year 2020. Europe has already gone through the process of substitution of palm oil with high oleic oil. A large volume of sunflower oil in Italian and Spanish shops are high oleic oil. Furthermore, the volume of sunflower oil in Europe is expected to witness 1.6X growth, as food processors are also actively replacing palm oil.

Asian countries have recently joined the trend of preventive health and well-being. Hence, tier-1 players in the high oleic oil market space are targeting the potential markets of Asia. It being a healthy substitute to tradition oils, is expected to open up lucrative opportunities for manufacturers in the Asian market, at an impressive expected value CAGR of nearly 9% in South Asia and 8% in East Asia.

COVID-19 Impact on High Oleic Oil Market

Weak heart conditions may have increased COVID-19 susceptibility, which is increasing consumer concerns regarding heart health. Prevalence of heart health diseases is high across the world. Thus, as a preventive measure and seeming wherewithal to live longer and healthier lives during the pandemic, sales of products supporting well-being have witnessed an upsurge. The high oleic oil market is also expected to experience a positive impact regarding sales in the near term.  

Analysts’ Viewpoint

The global high oleic oil market is expected to witness a value growth of 1.8X over the forecast period, owing to increased usage of high oleic oil for supporting heart health along with imparting a sheen texture to food products. Increased application in personal care cosmetic products is expected to further contribute toward high market growth, with expected volume sales of 299 KT in 2030.

Key players such as Cargill, Incorporated, Archer Daniels Midland Company, and Bunge Limited are focusing on further improving the quality of high oleic oil for increased health and wellness.

  High Oleic Oil Market: Report Scope

The latest market report by Persistence Market Research on the global high oleic oil market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global high oleic oil market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global high oleic oil market. This market study contains detailed insights how the global high oleic oil market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global high oleic oil market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with high oleic oil. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global high oleic oil market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global high oleic oil market  size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the high oleic oil market. Furthermore, new and emerging players in the global high oleic oil market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global high oleic oil market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global high oleic oil market. All stakeholders in the global high oleic oil market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global High Oleic Oil Market

PMR’s report on the global high oleic oil market offers information divided into five segments - type, nature, application, distribution channel, and region.

Type

Nature

Application

Distribution Channel

Region

Canola

Organic

Food

Business to Business

North America

Sunflower

Conventional

Personal Care Products

Business to Consumer

  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail

Latin America

Soybean

Nutraceuticals

Europe

Palm

Others

South Asia

Others

East Asia

Oceania

Middle East and Africa

Key Questions Answered in PMR’s Global High Oleic Oil Market Report

  • Which region will hold the highest market share in the global high oleic oil market during the forecast period?
  • Which region will show the highest growth (CAGR)?
  • Which factors are impacting the global high oleic oil market?
  • What are the global trends impacting the high oleic oil market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the high oleic oil market?
  • What is the market structure of the global high oleic oil market?

Global High Oleic Oil Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global high oleic oil market, and reach conclusions about the future growth factors of the market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global high oleic oil market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in High Oleic Oil Market Report

  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Bunge Limited
  • PPB Berhad Group
  • Adams Group Inc.
  • Colorado Mills
  • Jivo Wellness Pvt. Ltd.
  • CHS Inc.
  • James Richardson & Sons, Limited
  • Macjerry Sunflower Company
  • Aston Food and Food Ingredients
  • Oilseed International, Ltd.
  • Gustav Heess Oleochemische Erzeugnisse GmbH
  • Borges Agricultural & Industrial Oils, S.A.U.
  • Marbacher Ölmühle GmbH
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