Demand for fixed oils is rising globally due to various factors such as:
Health and nutrition trends: With the growing awareness of health and nutrition, consumers have become more conscious of their dietary choices. Fixed oils, such as olive oil, Coconut Oil, avocado oil, and others, are perceived as healthier alternatives to traditional saturated fats such as butter or lard. These oils contain unsaturated fats, including monounsaturated and polyunsaturated fats, which are considered better for heart health. Consequently, consumers are increasingly replacing animal fats with plant-based fixed oils.
Fixed oils play a crucial role in creating plant-based alternatives for dairy and animal fats. They are used in a wide range of vegan products, including plant-based milk, vegan butter, and egg replacements, contributing to the overall growth in demand.
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Data Bridge Market Research analyzes that the Global Fixed Oils Market is expected to grow with a CAGR of 5.6% in the forecast period of 2023 to 2030 and is expected to reach USD 283,156.86 million by 2030. The coconut oil segment is projected to propel market growth as the demand for coconut oil is increasing for industrial purposes worldwide.
Key Findings of the Study
Rising E-Commerce Channels by Companies
Increasing presence on e-commerce may prove a significant strategy for fixed oil producers as consumers today, especially the millennials are adopting e-commerce mode for procuring products. E-commerce offers various advantages such as the convenience of home delivery and customized products which is attracting the millennial customer group.
The online sales channel for fixed oils products is disrupting other sales channels and is also expected to create further growth in the future. E-commerce is also becoming a great platform to offer products with special health benefits. Consumers are expected to spend more time educating themselves on fixed oil products bought online as they can take their time to explore and research products online. Manufacturers are also focusing on this opportunity and putting efforts to grow the e-commerce platform.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Coconut Oil, Olive Oil, Argan Oil, Jojoba Oil, Sesame Oil, Sunflower Oil, Almond Oil, Avocado Oil, Grapeseed Oil, Hempseed Oil, and Others), Category (Blend, Absolute, and Concentrate), Nature (Conventional and Organic), Brand Category (Branded and Private Label), Packaging Size (101-200 ml, 51-100 ml, 201-300 ml, Less than 50 ml, and More than 300 ml), Packaging Type (Bottles and Sachets), Application (Food Industry, Beverages, Cosmetics & Personal Care, Medical, Spa & Relaxation, and Cleaning), Distribution Channel (Store Based Retailers and Non-Store Based Retailers)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, U.A.E., Kuwait, Saudi Arabia, Egypt, and rest of Middle East and Africa
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Market Players Covered
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Silverline Chemicals (India), Wadi Food (Egypt), Sakkara (Egypt), AJWA Group (Egypt), Moksha Lifestyle Products (India), ADM (U.S.), Cargill, Incorporated (U.S.), dōTERRA (U.S.), Rocky Mountain Oils, LLC (U.S.), Lebermuth, Inc. (U.S.), Falcon (India), Essential Oils of New Zealand Ltd. (New Zealand), Symrise (Germany), Adani Group (India), Edible Oils Ltd. (England), Henry Lamotte Oils GmbH (Germany), Olenex Sàrl (Switzerland), Patanjali Foods Ltd. (India), SOVENA (Portugal), and BORGES INTERNATIONAL GROUP S.L.U (Spain) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The global fixed oils market is segmented into eight notable segments based on product, category, nature, brand category, packaging size, packaging type, application, and distribution channel.
- On the basis of product type, the market is segmented into coconut oil, Olive Oil, argan oil, jojoba oil, sesame oil, sunflower oil, almond oil, Avocado Oil, grapeseed oil, hempseed oil, and others
In 2023, the coconut oil segment is expected to dominate the global fixed oils market
In 2023, the coconut oil segment is expected to dominate the market due to its potential benefits, leading to increased consumer interest, and is expected to grow with a CAGR of 7.4% in the forecast period of 2023 to 2030.
- On the basis of category, the market is segmented into blend, absolute, and concentrate
In 2023, the blend segment is expected to dominate the global fixed oils market
In 2023, the blend segment is expected to dominate the market as blend fixed oils offer a combination of moisturizing, nourishing, and therapeutic benefits, catering to diverse consumer needs, and is expected to grow with a CAGR of 5.9% in the forecast period of 2023 to 2030.
- On the basis of nature, the market is segmented into conventional and organic. In 2023, the conventional segment is expected to dominate the market, and is expected to grow with a CAGR of 5.8% in the forecast period of 2023 to 2030
- On the basis of brand category, the market is segmented into branded and private label. In 2023, the branded segment is expected to dominate the market, and is expected to grow with a CAGR of 5.7% in the forecast period of 2023 to 2030
- On the basis of packaging size, the market is segmented into 101-200 ml, 51-100 ml, 201-300 ml, less than 50 ml, and more than 300 ml. In 2023, the 101-200 ml segment is expected to dominate the market, and is expected to grow with a CAGR of 6.6% in the forecast period of 2023 to 2030
- On the basis of packaging category, the market is segmented into bottles and sachets. In 2023, the bottles segment is expected to dominate the market, and is expected to grow with a CAGR of 5.9% in the forecast period of 2023 to 2030
- On the basis of application, the market is segmented into food industry, beverages, cosmetics & personal care, medical, spa & relaxation, and cleaning. In 2023, the food industry segment is expected to dominate the market, and is expected to grow with a CAGR of 6.5% in the forecast period of 2023 to 2030
- On the basis of distribution channel, the market is segmented into store based retailers and non-store based retailers. In 2023, the store based retailers segment is expected to dominate the market, and is expected to grow with a CAGR of 5.8% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the market players in the global fixed oils market that include Silverline Chemicals (India), Wadi Food (Egypt), Sakkara (Egypt), AJWA Group (Egypt), Moksha Lifestyle Products (India), ADM (U.S.), Cargill, Incorporated (U.S.), dōTERRA (U.S.), Rocky Mountain Oils, LLC (U.S.), Lebermuth, Inc. (U.S.), Falcon (India), Essential Oils of New Zealand Ltd. (New Zealand), Symrise (Germany), Adani Group (India), Edible Oils Ltd. (England), Henry Lamotte Oils GmbH (Germany), Olenex Sàrl (Switzerland), Patanjali Foods Ltd. (India), SOVENA (Portugal), and BORGES INTERNATIONAL GROUP S.L.U (Spain) among others.
Market Development
- In May 2023, Cargill Incorporated announced that it has formed a strategic partnership with Bayer to empower Indian smallholder farmers with digital solutions. This will help the company in developing more revenue
- In January 2023, Symrise acquired a minority stake in Danish aroma company, EvodiaBio. EvodiaBio has developed a ground-breaking technology platform that uses precision fermentation to produce a sustainable taste for the food and beverage industry, with the potential to go beyond this market. This acquisition will help the company to expand its product portfolio in taste, nutrition, and health
- In November 2022, Borges Agricultural & Industrial Edible Oils (BAIEO) obtained the Zero Waste Management certificate for its industrial facilities located in Tàrrega. The certificate received, which is governed by Bureau Veritas standards, confirms that the waste generated in the plant is treated through responsible means such as recovery, recycling, or subsequent recovery. This certificate would help the company in getting recognition for waste management
- In June 2022, dōTERRA announced its partnership with Research Institute for Fragrance Materials (RIFM). The motive of the partnership is to conduct safety assessments for complex natural substances, such as essential oils. This partnership will help in the expansion of their business.
- In April 2020, Adani Group’s subsidiary Adani Wilmar partnered with Swiggy, based in India for the delivery of food products including oil products to customers due to the national lockdown because of the COVID-19 pandemic. This partnership helped the company to reach its customer base to offer its products and earn revenue
Regional Analysis
Geographically, the countries covered in the global fixed oils market report are U.S., Canada, Mexico, Germany, France, U.K., Spain, Netherlands, Switzerland, Italy, Belgium, Russia, Turkey, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, U.A.E., Egypt, Saudi Arabia, Kuwait, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is expected to dominate the global fixed oils market during the forecast period 2023-2030
North America is expected to dominate the global fixed oils market owing to the higher level of investments by manufacturers and increasing industrial application of fixed oils. North America will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and the launch of new products in this region. In addition, the increasing use of fixed oils in industries and advancement in the manufacturing process of fixed oils are expected to further enhance the market's growth rate in this region.
In 2023, North America is estimated to be the fastest-growing region in the global fixed oils market during the forecast period 2023-2030
In 2023, North America is expected to be the fastest-growing region during the forecast period due to the presence of major market players and the rapid development of sustainable and eco-friendly products using fixed oils in emerging economies in this region. In addition, the rising production of fixed oils for various applications in the region is expected to propel the market's growth rate in this region.
For more detailed information about the global fixed oils market report, click here – https://www.databridgemarketresearch.com/fr/reports/global-fixed-oils-market
