Fortified Edible Oils Market size is estimated to reach $14.5 billion by 2027. Furthermore, it is poised to grow at a CAGR of 3.3% over the forecast period of 2022-2027. Edible oils that have been fortified with extra micronutrients are known as fortified edible oils. Additions of fat-soluble vitamins such as vitamin A, D, E, and others are found in fortified food oils. Edible oil fortification is intentionally raising the number of essential micronutrients to increase the oil’s nutritional quality and provide a health benefit with little risk. The Fortified Edible Oils Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the Fortified Edible Oils industry are –
1. Cargill Incorporated
2. Nestle S.A.
3. Ruchi Soya Industries Limited
4. Liberty Oil Mills
5. Lam Soon Group
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Segmental Analysis:
1. Fortified Edible Oils market based on micronutrients can be further segmented into Vitamin A, Vitamin D, Vitamin E, and Others. The rising number of diseases induced by vitamin A deficiency, such as xerophthalmia. In addition, the sector is anticipated to be the fastest-growing segment, with a GAGR of 3.8%.
2. Fortified Edible Oils market can be further segmented into Hypermarkets/Supermarkets, Conventional stores, Grocery Retail, Online Sales Channels, and Others. During the forecast period 2022-2027, the online sales channels segment of the market is anticipated to account for the fastest CAGR of 3.5%.
3. Asia-Pacific generated the most revenue, accounting for more than 36% of total revenue, and is anticipated to continue throughout the projection period.
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Report Coverage |
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Report Attributes |
Details |
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By Product Type |
Palm Oil, Soybean Oil, Sunflower Oil, Olive Oil, Corn Oil, Canola Oil, Rice Bran Oil |
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By End Users |
Industrial, Foodservice, Retail |
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By Distribution Channel |
Hypermarkets/Supermarkets, Conventional stores, Grocery Retail, Online Sales Channels |
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges:
1. Technological Innovations Aiming to Incorporate Health Benefits into Edible Oils are aiding market growth: Major participants in the oil industry are focusing on implementing modern technologies such as cold-pressing and refining technologies for oil production to meet the growing demand for high-quality edible oils.
2. Market growth is to be boosted by growing awareness of the benefits of food cooked in edible oil: Several factors may be used to examine the global economy and its influence on various nations and businesses.
3. The high cost of items and little customer awareness is stifling the market’s expansion: The growing number of health-conscious consumers and their desire for fortified foods is projected to provide profitable fortified edible oil market development prospects.
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