Edible oils and fats are esters of carboxylic acids and glycerols. Oils are liquid at room temperature while fats are partially solid at room temperature. Oils and fats are used in cooking to improve taste and give good texture. The demand for edible oils and fats is attributed to the growing demand for fried and processed food, increasing number of restaurants and fast food joints, urbanization and increasing population.
The major challenge for edible oil and fat industry is the growing health problems caused by oils and fats such as obesity and cardiovascular diseases. Various innovative cholesterol free, low fat, low calorie oils enriched with vitamins and antioxidants are introduced in the market. These innovative products are increasing the demand of oils and fats in the global market.
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Global Edible Oils and Fats -Market Taxonomy
Based on product type, global edible oils and fats is segmented into:
Vegetable and Seed oil
Soybean
Sunflower Oil
Palm Oil
Canola Oil
Based on Form, global edible oils and fats is segmented into:
Liquid
Solid
Based on Distribution Channel, global edible oils and fats is segmented into:
Supermarket
Hypermarket
Convenience Stores
Departmental Stores
Major Keyplayers: Adani Wilmar Ltd., Ruchi Borges Mediterranean Group, Archer Daniels Midland Company, Cargill Inc., American Vegetable Oils, Inc., Beidahuang Group, Fuji Vegetable Oil, Inc., ConAgra Foods Inc.
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