Organic Edible Oil Market overview:
In a recent research report by Market Research Community, the Organic Edible Oil Market is expected to surpass USD 171.7 Million by the year 2028, from USD 95.7 Million in 2021.
Edible oil is cooking oil made from the fat of plants, animals, or microorganisms. At room temperature, edible oils are liquid and safe to consume. Types of edible oils include ghee, olive oil, mustard oil, sunflower oil, rice brown oil, and groundnut oil. Edible oils contain trace amounts of antioxidants, which prevent autoxidation. Antioxidants are also used to extend the shelf life of edible oils.
The End-Use segment is divided into residential and commercial. As organic oil is lower in fat than regular oil, residential customers dominate the market. As the number of obese and diabetic patients increases, so does the consumption of low-fat foods. Consumers getting more aware about their physical health, show more interest in purchasing healthy food products. This factor is further probable to fuel the expansion of the organic edible oil market.
By region, North America is expected to dominate the global market. There is also an increasing adoption of edible oil in the cosmetic industry. The presence of major operating players in the US and Canada such as Hexcel Corporation, Park Aerospace Corp. is expected to drive North American market share in the forecast period. In the coming years, the Asia Pacific market is expected to grow faster. A growing population, presence of key players, and rising awareness among individuals about the health benefits of edible oil usage are the factors driving the region's edible oils market growth.
The market is projected to grow at a significant pace reaching a CAGR of approximately 7.3 %, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Type (Soybean Oil, Olive Oil, Coconut Oil, Others), by End-Use (Residential, Commercial), by Distribution Channel (Supermarkets/Hypermarkets, Online Retail Stores, Specialty Stores and Others), to market forecast the market size by value; also includes the organic edible oil market analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Cargill, Incorporated, ACH Food Companies, Inc., Bunge Limited, ADM, Adani Group, American Vegetable Oils, Inc., BORGES INTERNATIONAL GROUP, S.L., Hebany Group, NGO CHEW HONG EDIBLE OIL PTE LTD, Ragasa - Derechos Reservados, SOVENA, Sunora Foods.
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