Organic Edible Oil Market size is estimated to reach $13.3 billion by 2027, growing at a CAGR of 10.3% during the forecast period 2022-2027. Organic edible oil can be delineated as cooking oil extracted from various flowers, plants, and oilseeds that are grown without using any chemicals. Sunflower oil, palm oil, mustard oil, olive oil, coconut oil, avocado oil, and canola oil are the most common types of organic edible oils that are consumed on a wide scale across the globe. Besides food preparation, vegetable edible oil is taken into account to make spread like margarine which has plenty of applications in baking and cooking. The Organic Edible Oil 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 Organic Edible Oil industry are –
1. Cargill Incorporated
2. Adams Group
3. Aryan International
4. Daabon Organic
5. The J.M. Smucker Group
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Segmental Analysis:
1. Palm along with soybean oil is estimated to be the fastest-growing segment with a CAGR of 11.4% over the forecast period 2022-2027. The growth in soybean oil demand is owing to versatility, high smoke point, and the rising quest of making renewable bio-diesel with the help it, moreover owing to health benefits associated with soybean oil such as strong bones and better skin, it has become the most consumed oil in the U.S.
2. Online segment is estimated to be the fastest-growing with a CAGR of 11.1% over the forecast period 2022-2027. This growth is owing to the rising adoption of e-commerce platforms because of the pandemic restrictions. Additionally, the rising trend of work from jobs subjects people to make online purchases as they are always running low on time and don’t get a chance to go outside.
3. Asia-Pacific held the largest share with 41% of the overall market in 2021. The growth in this segment is owing to the factors such as the presence of the biggest vegetable oil-producing countries in the world. Indonesia (46,708 thousand metric tons production), China (24,919 thousand metric tons production), and Malaysia (24,781 thousand metric tons production) are top-3 producers across the globe.
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Report Coverage |
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Report Attributes |
Details |
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By Type |
Palm oil, Olive oil, Soybean oil, Coconut oil, Canola oil, Sunflower oil, Avocado oil |
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By Distribution Channel |
Offline and Online |
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By End User |
Households, and Foodservice Providers |
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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. Amending infrastructure in developing countries and rapid urbanization are anticipated to boost market demand: With growing urbanization, the proliferating quality of life has made people more aware and proactive regarding their health.
2. Augmenting health illnesses is expected to boost market demand: Owing to its antimicrobial, antioxidant, and antibacterial properties, organic edible oils extend several health benefits such as promoting heart health, skin care, oral health, reducing the risk of cancer, fighting asthma, stabilizing cholesterol levels, and preventing hair problems, treating Eczema, and many others.
3. Export restrictions in Indonesia, and deteriorated supply and production because of the Russia-Ukraine conflict are Anticipated to hamper the market growth: Ukraine is one of the biggest producers and exporters of sunflower oil and because of ongoing conflict has eliminated a prime player from the edible oil supply chain.
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