Global Hydrogenated Oils Market, By Type (Hydrogenated Vegetable Oil, Hydrogenated Animal Oil), Application (Food Industry, Chemical Industry, Others), End Use (Commercial/Industrial, HoReCa, Household), Distribution Channel (Direct Sales, Indirect Sales), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Hydrogenated Oils Market
Hydrogenated oils market is expected to reach USD 100.83 billion by 2028 growing at a growth rate of 4.30% in the forecast period 2021 to 2028. Increasing usages of the product in the food processing industry especially for package food products which will likely to act as a factor for the hydrogenated oils market in the forecast period of 2021- 2028.
Hydrogenated oil can be produced using a platinum catalyst with a low-trans fatty acid content. These catalysts are extremely reactive and, compared to a nickel catalyst, the reaction can be performed at very low temperatures. The process of hydrogenation is carried out by agitating the vegetable oil at a high temperature and pressure with hydrogen in presence of a catalyst.
Increasing demand of the product to enhance the shelf life of the oils and adds flavour and texture to the oil, growing consumption of hydrogenated palm oil, increase in the consumption of bakery and confectionery and processed foods, increase in usage and consumption of high quality edible oils/cooking oils, rising usages of product as an essential ingredient in many of the existing cosmetics and other body care, skin care, body massage and other similar products are some of the major as well as vital factors which will likely to augment the growth of the hydrogenated oils market in the projected timeframe of 2021-2028. On the other hand, rapid growth in raw material cultivation and production along with manufacturers are adopting advanced technologies that help in boosting the commercial value of hydrogenated oil which will further contribute by generating massive opportunities that will lead to the growth of the hydrogenated oils market in the above mentioned projected timeframe.
High consumption of product leads to the risk of cardiovascular diseases along with rising obesity incidences which will likely to act as market restraints factor for the growth of the hydrogenated oils in the above mentioned projected timeframe.
This hydrogenated oils market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hydrogenated oils market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hydrogenated Oils Market Scope and Market Size
Hydrogenated oils market is segmented on the basis of type, application, end use and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the hydrogenated oils market is segmented into hydrogenated vegetable oil, and hydrogenated animal oil.
- Based on application, the hydrogenated oils market is segmented into food industry, chemical industry, and others.
- Based on the end use, the hydrogenated oils market is segmented into commercial/industrial, HoReCa, and household.
- The hydrogenated oils market is also segmented on the basis of distribution channel. The distribution channel is segmented into direct sales, and indirect sales. Indirect sales have been further segmented into modern trade, retail stores, online retailers and others.
Hydrogenated Oils Market Country Level Analysis
Hydrogenated oils market is analyseD and market size, volume information is provided by country, type, application, end use and distribution channel as referenced above.
The countries covered in the hydrogenated oils market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America and Europe dominates the hydrogenated oils market due to the increasing application inclined towards cosmetic industries along with prevalence of various market players in the region while Asia-Pacific region will expect to grow in the hydrogenated oils market during the forecast period 2021 to 2028 due to the prevalence of large consumer base along with rising usages of product in direct cooking in the region.
The country section of the hydrogenated oils market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydrogenated Oils Market Share Analysis
Hydrogenated oils market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hydrogenated oils market.
The major players covered in the hydrogenated oils report are New Japan Chemical Co., Ltd.; Hallstar; AAK AB; BASF SE; Evonik Industries AG; Symrise; Cargill, Incorporated; The Nisshin OilliO Group, Ltd.; Res Pharma Industriale; ADM; Bunge North America, Inc.; Wilmar International Ltd; Mewah Group.; Sarawak Oil Palms Berhad Group Of Companies.; Golden Agri-Resources Ltd.; Sime Darby Oils; Mectech; Conagra Brands, Inc.; Unilever; Ajinomoto Co., Inc.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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