Global Market for Cooking Oils and Fats to Witness High Competition owing to Increasing Number of Market Players

Published By : 19 Feb 2016 | Published By : QYRESEARCH

Cooking oils and fats are considered as a vital part of a healthy diet, as dietary fats in significant quantity are essential for a healthy lifestyle. Polyunsaturated and monounsaturated fats help in lower the level of cholesterol present in the human body; whereas saturated fats increase the level of cholesterol. Several food and drink products contain essential vitamins, fats, and other nutrients, which are very important for the human body. Some of the major products available in the global market for cooking oils and fats are:

  • Cooking Fats
  • Butter
  • Vegetable and Seed Oil
  • Margarine
  • Olive Oil
  • Spreadable Oils and Fats
  • Others¬†

The tremendously growing consumption of processed foods, growing use of high-quality edible oils, and several health benefits associated with the consumption of an adequate quantity of cooking oils and fats are some of the major factors that are expected to boost the demand for cooking oils and fats in the goal market in the next few years. In addition, the rising demand for cooking oils and fats from developing nations is further fueling the growth of the global market. Introduction of alternatives for trans fats is one of the major opportunities for the key players operating in the market so as to gain competitive advantage.

On the other hand, adverse effects on health owing to the over consumption of cooking oils and fats and high costs of raw materials are the major factors that are hampering the growth of the global market for cooking oils and fats. Overconsumption of cooking oils and fats can result in coronary heart disorders, type 2 diabetes, and other diseases.

Some of the prominent players operating in the global market for cooking oils and fats are ConAgra Foods Inc., Bunge Ltd., Wilmar International Ltd., United Plantations Berhad, CHS Inc., Associated British Food plc, Cargill Incorporated, Archer Daniels Midland Co., Unilever plc, and Ajinomoto Co. Inc. Several players are anticipated to participate in the global market and create a niche for themselves. This market is estimated to witness cutthroat competition owing to the rising number of players present in the global market for cooking oils and fats in the near future. 

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