The edible oil market offers a range of benefits, primarily driven by its vital role in nutrition and culinary applications. Edible oils provide essential fatty acids, vitamins, and energy, contributing to a balanced diet. Olive oil, a dominating segment, is favored for its heart-healthy monounsaturated fats. Similarly, soybean oil is prevalent due to its versatility in cooking. Additionally, canola oil is popular for its low saturated fat content. Overall, edible oils play a crucial role in promoting health and enhancing the flavor and texture of various cuisines.
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Data Bridge Market Research analyses that the North America Edible Oil Market was valued at USD 8,104.55 million in 2021 and is expected to reach USD 13,615.83 million by 2029, registering a CAGR of 6.70% during the forecast period of 2022-2029. Urban living and the preference for convenience in cooking have led to greater edible oil consumption. Busy city dwellers often opt for ready-to-use oils, promoting their use in daily cooking, as they offer time-saving and hassle-free meal preparation.
Key Findings of the Study
The growing global population is expected to drive the market's growth rate
The expanding global population is a significant driver of increased demand for edible oils. These oils serve as dietary staples in numerous cuisines worldwide, providing essential fats and calories. With more mouths to feed, the demand for edible oils continues to rise. They are not only integral to daily cooking but also play a vital role in meeting nutritional requirements, making them indispensable as food consumption patterns evolve with a growing populace.
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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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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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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Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Peanut Oil, Specialty Blended Oil, Olive Oil, Corn Oil, Flaxseed Oil, Avocado Oil, Walnut Oil, Pumpkin Seed Oil, Grapeseed Oil, Others), Package Type (Tinplate Containers, HDPE (High Density Polyethylene) Containers, PVC (Poly Vinyl Chloride) Bottles, PET (Polyethylene Terephthalate) Bottles, Glass Bottles, Semi – Rigid Containers, Flexible Plastic Pouches, Others), Distribution Channel (Direct, Indirect), End User (Domestics, Industrial, Food Service, Others)
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Countries Covered
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U.S., Canada and Mexico in North America.
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Market Players Covered
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Bunge Limited (U.S.), ADM (U.S.), Cargill, Incorporated (U.S.), ACH Food Companies, Inc. (U.S.), Adani Group (India), SALAD OILS INTERNATIONAL CORPORATION (U.S.), American Vegetable Oils, Inc. (U.S.), BORGES INTERNATIONAL GROUP, S.L. (Spain), Hebany Group (UAE), NGO CHEW HONG EDIBLE OIL PTE LTD (Singapore), TITAN OILS Inc., (Canada) Ragasa - Derechos Reservados (Mexico), SOVENA (Thailand), and Sunora Foods (Canada), 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 North America edible oil market is segmented on the basis of type, package type, distribution channel and end user.
- On the basis of product, the North America edible oil market is segmented into palm oil, soybean oil, rapeseed oil, sunflower oil, peanut oil, specialty blended oil, olive oil, corn oil, flaxseed oil, avocado oil, walnut oil, pumpkin seed oil, grapeseed oil, and others.
- On the basis package type, the North America edible oil market is segmented into tinplate containers, HDPE (high density polyethylene) containers, PVC (poly vinyl chloride) bottles, PET (polyethylene terephthalate) bottles, glass bottles, semi – rigid containers, flexible plastic pouches, and others.
- On the basis of distribution channel, the North America edible oil market is segmented into direct, and indirect.
- On the basis of end user, the North America edible oil market is segmented into domestics, industrial, food service, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major North America edible oil market players in North America edible oil market are Plantar (Brazil), Rancher Charcoal (U.S.), E & C Charcoal (U.S.), Jumbo Charcoal (Pty) Ltd. (South Africa), Sagar Charcoal and Firewood Depot (India), Subur Tiasa Holdings Berhad (Malaysia), Etosha (South Africa), The Clorox Company (U.S.),
Market Developments
- In November 2019, ACH Food Companies, Inc. completed the acquisition of Anthony’s Goods, a renowned provider of high-quality organic cooking oils and baked goods. This strategic move enabled ACH Food Companies to diversify and enhance its product portfolio significantly. By incorporating Anthony’s Goods' offerings into its lineup, the company expanded its market reach and increased its revenue, capitalizing on the growing consumer demand for premium organic cooking ingredients and baked products.
- In May 2021, Cargill joined forces with Frontline International to develop the Kitchen Controller, an end-to-end automated oil management solution. This innovative system streamlines the handling of cooking oil in commercial kitchens. It optimizes oil usage, monitors oil quality, and enhances operational efficiency.
Regional Analysis
Geographically, the countries covered in the major North America edible oil market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. dominates North America edible oil market during the forecast period 2022 - 2029
The U.S. dominates the edible oil market growth, driven by both high consumption and production of soybean oil within the indirect segment. Furthermore, the burgeoning presence of e-commerce channels in the country presents significant opportunities for the edible oil market. These platforms offer convenience and a wide array of choices to consumers, facilitating market expansion and accessibility, ultimately propelling the industry's growth trajectory in the U.S.
Canada is expected to dominate North America edible oil market during the forecast period 2022 - 2029
Canada is expected to dominate the edible oil industry due to the global surge in the organic food trend, particularly within the indirect segment. Consumers' growing preference for organic edible oils is a driving force behind Canada's market growth. As demand for these healthier alternatives rises, Canada's edible oil market is poised to benefit significantly from this trend, solidifying its position in the industry.
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