(Food-Beverage-News.Com, April 04, 2018 ) The Asia-Pacific Fats and Oils Market was worth USD 77.98 billion in 2016 and estimated to be growing at a CAGR of 5.21%, to reach USD 100.53 billion by 2021. Fats and oils are one of three kinds of substances collectively called as lipids. Fats, just like any other carbohydrate are made up for carbon, hydrogen and oxygen. One molecule of fat is formed by the union of glycerol with 3 units of fatty acids. Pure fats are odourless and tasteless. They are insoluble in hot and cold water and are only soluble in water after undergoing emulsification.
Fats and oils are widely accepted for use in food applications due to their functional properties. Several edible vegetable and animal oils, as well as fats, are used for various household cooking purposes and also food preparation in an industrial scale. They play an important role in food production as they are needed for determining the desired physiochemical and sensory attributes of food products such as a smooth, creamy texture and also giving a milky or creamy appearance. They also find applications in religion, cosmetics, painting, lubrication and as a fuel.
The major driver of the Asia-Pacific fats and oils market is the rising disposable incomes, especially in emerging markets. The growing demand for fast food and convenience food is also expected to further bolster the Asia-Pacific fats and oils market. The increase in population in the region, leading to an increased food consumption, and increased demand for high quality edible oil are other factors promoting the growth of the market. As for the restraints of the market, the regulations governing food safety and labelling issues are the main cause along with the high price of raw materials and growing health concerns due to excessive fats and oils consumption.
The Asia-Pacific Fats and Oils market is broadly classified into Palm, Sunflower, Olive, Soybean, Rapeseed and others based on product type. Based on application, they are classified as Food, Industrial, Personal Care, Animal Feed and Pharmaceutical. They are further classified into butter, ghee, lard and suet on the basis of animal fats. Based on form they are classified into solid and liquid and based on source they are classified into plants and animals. Based on geography, the Asia-Pacific market is divided into South Korea, India, China, Australia, Japan, Indonesia and rest of APAC. The Asia-Pacific market has the highest market revenue worldwide with it constituting more than a third of the total market share in 2016. The highly developing nature of the market is also evident from the high CAGR for the region since the scope for growth is maximum. Surprisingly, Indonesia has the highest market share among markets in the region while India and China are expected to have the highest growth rates.
Some of the major companies dominating the market, by their products and services include Cargill, Archer Daniels Midland Company, Bunge Limited, International Foodstuff Company Holdings Limited, Wilmar International, Associated British Foods, Ajinomoto, ConAgra Foods, Unilever PLC and United Plantations Berhad.
The scope of the report provides: The evaluation of the current market for your product or services and the future implications of the market Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
