Asia Pacific Fats and Oils Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.73 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Fats and Oils Market Analysis
Asia-Pacific Fats and Oil Market is anticipated to register a CAGR of 5.73%, during the forecast period, 2020-2025.
- The growing affluence of China's middle-class is allowing consumers to purchase high-priced packaged oils and fats. The ban on loose oils and fats in some Chinese cities has led to growth in the demand for packaged oils.
- Vegetable and seed oils are perceived to be healthier and preferred by consumers. Olive oil in particular, has had the highest growth rate due to its perceived health benefits. Retail sales of olive oil has increased tremendously over the years. The growing consumer preference for health products is expected to boost the market of olive oils.
Asia Pacific Fats and Oils Market Trends
This section covers the major market trends shaping the APAC Fats & Oil Market according to our research experts:
Rise in the Consumption of Bakery, Confectionery, and Processed Foods
The key factor driving the market studied is the increased consumption of processed foods, confectionery, and ready-to-drink beverages. Fats and oils are very important raw materials and functional ingredients for several food products, such as confectionery, bakery, ice creams, emulsions, sauces, and shortenings, among others. In addition, the development of new products, using vegetable oils, can prove beneficial for companies to expand the fats and oils application across the food industry. Evolving consumer preferences for bakery and processed foods, the use of automation, food safety regulations, and foreign direct investment are stirring up the food industry.
Asia-Pacific holds the largest share in the oil and fats sector in terms of Production
Asia-Pacific occupies the largest share in the oil and fats sector in terms of production, as well as consumption. The highest production is that of palm oil and a majority of it is produced in Indonesia and Malaysia. Asia-Pacific has emerged as a dominant market for fish oil consumption, owing to the huge concentration of the aquaculture industry in China, India, Vietnam, and Indonesia. Moreover, the rising health concerns among consumers have led to the usage of fish oil as nutritional supplement in developed countries, such as Japan and Australia.
Asia Pacific Fats and Oils Industry Overview
Key players have intensely embarked on industry consolidation by leveraging their distribution network, entering into partnerships with local distributors, especially in the emerging economies, and developing new products according to the demand from various industries. The expansion gives an upper edge to the manufacturers to expand their consumer base, globally. Some of the major players in the asia pacific fats and oil market includes Cargill Inc., Archer Daniels Midland Company, International Foodstuff Company Holdings Limited (IFFCO) , United Plantations Berhad, among others.
Asia Pacific Fats and Oils Market Leaders
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Cargill Inc.
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Archer Daniels Midland Company
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Wilmar Group
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Oleo-fats Inc.
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Fuji Oil
*Disclaimer: Major Players sorted in no particular order
Asia Pacific Fats and Oils Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Oils
- 5.1.1.1 Soybean Oil
- 5.1.1.2 Palm Oil
- 5.1.1.3 Sunflower Seed Oil
- 5.1.1.4 Other Oils
- 5.1.2 Fats
- 5.1.2.1 Butter
- 5.1.2.2 Lard
- 5.1.2.3 Other Fats
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5.2 Application
- 5.2.1 Food and Beverages
- 5.2.2 Feed
- 5.2.3 Industrial
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Cargill Inc.
- 6.4.2 Archer Daniels Midland Company
- 6.4.3 Wilmar Group
- 6.4.4 United Plantations Berhad
- 6.4.5 Oleo-fats Inc.
- 6.4.6 Fuji oil
- 6.4.7 International Foodstuff Company Holdings Limited (IFFCO)
- 6.4.8 GEF India
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAsia Pacific Fats and Oils Industry Segmentation
Asia-Pacific Fats and Oil Market is segmented on the basis of By Product Type and application. On the basis of product type the market is segmented into Oils (Soybean, Palm oil, Sunflower Seed Oil and Others) by Fats (Butter, Lard, and Others). On the basis o f application, the market is segmented into Food and Beverages, Feed and Industrial.
| Product Type | Oils | Soybean Oil |
| Palm Oil | ||
| Sunflower Seed Oil | ||
| Other Oils | ||
| Product Type | Fats | Butter |
| Lard | ||
| Other Fats | ||
| Application | Food and Beverages | |
| Feed | ||
| Industrial |
Asia Pacific Fats and Oils Market Research FAQs
What is the current Asia-Pacific Fats and Oil Market size?
The Asia-Pacific Fats and Oil Market is projected to register a CAGR of 5.73% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Fats and Oil Market?
Cargill Inc., Archer Daniels Midland Company, Wilmar Group, Oleo-fats Inc. and Fuji Oil are the major companies operating in the Asia-Pacific Fats and Oil Market.
What years does this Asia-Pacific Fats and Oil Market cover?
The report covers the Asia-Pacific Fats and Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Fats and Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Fats and Oils Industry Report
Statistics for the 2024 APAC Fats and Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Fats and Oils analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
