Fats and Oils Market Growth To Surge Owing To Increasing Adoption By (Use Applications) : FactMR

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Fats and Oils. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fats and Oils Market across various industries and regions.

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Fats and oils are widely employed for both industrial uses and food applications across the globe. Diet fats and oils play a pivotal role in encouraging growth of cells, and are considered to be highly concentrated sources of energy.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fats and Oils market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fats and Oils

On account of their increasing health-consciousness, most of the consumers globally are readily embracing and seeking out specific animal-based and plant-based fats, which include fats from butter, eggs, olive oil, and avocados.

This newly published and insightful report sheds light on Market Insights of Fats and Oils, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fats and Oils Market.

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Market Taxonomy

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7 Key Takeaways from Fact.MR’s Report on Fats and Oils Market for Forecast Period 2017-2026

• In terms of value, sales of fats and oils in Asia-Pacific excluding Japan (APEJ) is expected to remain relatively larger than those in all the other regional segments combined. Revenues from fats and oils sales in APEJ will account for over half revenue share of the market by 2026-end.
• Europe will also account for a large revenue share of the market during 2017 to 2026. In terms of value, the fats and oils market in North America will remain more lucrative than that in Latin America, however Latin America will register a comparatively faster expansion in the market than North America through 2026.
• In terms of value, edible vegetable oils will continue to be the most remunerative product in the market, trailed by animal fat. However, sales of palm oil will register a relatively faster expansion in the market through 2026.
• Although industrial end-users of fats and oils will continue to account for largest market revenue share, the revenues from residential end-users in the market will reflect a comparatively higher CAGR through 2026.
• Animal-sourced fats and oils are anticipated to remain preferred among end-users in the market, with revenues estimated to remain slightly larger than those from vegetable-sourced fats and oils.
• Liquid form of fats and oils will be sought-after in the market, with revenues estimated to reach nearly US$ 60,000 Mn by 2026-end. Although solid form of fats and oils dominated the market in 2017, their demand is expected to witness a slight decline during the forecast period.
• Key market players supporting expansion of the global fats and oils market include Cargill, Inc., International FoodStuff Company Limited, Wilmar International Limited, Archer Daniels Midland Company, Bunge Limited, United Plantations Berhad, Ajinomoto Co. Inc., and Associated British Food Plc.

More Valuable Insights on Fats and Oils Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Fats and Oils, Sales and Demand of Fats and Oils, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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