Asia Pacific Excluding Japan to Witness Highest Consumption and Demand for Cooking Oils – Fact.MR Study

Market segmentation

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Cooking Oil Market Scope Of The Report

After thoroughly analyzing the global market for cooking oil, Fact.MR has revealed vital insights on the global consumption of cooking oil along with its demand and production scenario.

The research report includes various aspects that have an impact on the growth of global cooking oil market.

The research report covers detailed analysis on various geographies in order to gain a complete understanding on the cooking oil market.

The research study includes analysis of data on present market scenario as well as forecasts for a period of nine years, from 2017 till 2026.

The reader can gain high level insights of the market that can be used to make informed decisions from expansion and strategic standpoints.

Key Highlights on the Global Cooking Oil Market

With respect to region, Asia Pacific excluding Japan (APEJ) is expected to showcase higher growth potential as compared to other regions. Moreover, the sale of cooking oil in this region is expected to increase at a higher rate during the period of assessment. The sale of cooking oil in APEJ region is largely driven by heavily populated countries such as India and China. In China, according to WHO, the rate of chronic diseases has risen since past years owing to lifestyle changes and other causes such as excessive smoking and consumption of alcohol.

This has led to development of cooking oils that are high in nutritional value and promote health by increasing the good cholesterol content. For example, the demand for coconut oil in this region is expected to rise at a significant rate as it assists in fat burning to a large extent. In addition, the growing rate of population in countries of India and China is expected to spur the sales volume of cooking oils in this region, thus contributing to the growth of the global cooking oil market.

Demand for olive oil is expected to grow across regions during the forecast period owing to the health benefits associated with the product. For instance, olive oil is a rich source of antioxidants such as polyphenols that promote heart health. According to The New England Journal of Medicine, they are typically used in Mediterranean diet that has been followed across regions in order to reduce heart strokes and death related to heart disorders.

With respect to category, refined cooking oils have gained steady demand and are witnessing higher consumption as compared to other forms of cooking oils. Refined oils promote growth of good cholesterol that helps in fighting cardiovascular disorders and reduce the bad fat content in the body. Various refined cooking oils such as coconut oil, olive oil, canola oil and extra virgin olive oil, to name a few, are gaining high preference in daily cooking activities.

Conventional cooking oil segment by nature is expected to witness significant demand. The sale of conventional cooking oil is expected to increase during the forecast period. These oils have high smoke point and are available in various flavors. Moreover, they are a much preferred choice in restaurants. With respect to sales channel, hypermarkets and supermarkets are expected to largely contribute to the growth of cooking oil market. The sale of cooking oil in hypermarkets and supermarkets is relatively higher. This fact can be supported with increasing number of hypermarkets and supermarkets across reigns.

In addition, consumers prefer first personal look while procuring food products and also look for varieties. These options are available in hypermarkets and supermarkets on a large scale, thus driving their growth. The hypermarkets and supermarkets segment is expected to lead the global cooking oil market during the period of assessment.