
Oil, Fat and Cereals Market
Oil, Fat and Cereals Market Global Industry Assessment & Forecast
Segments Covered
By Product Vegetable Oil, Oilseed Oil, Animal Oil, Cereals
By Application Residential, Commercial, Industrial
By Source Vegetables, Animals
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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230 Billion |
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300 Billion |
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3.80% |
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Asia Pacific |
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Cross-segment Market Size and Analysis for Mentioned Segments
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Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
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Key Insights
The
global Oil, Fat and Cereals market was valued at USD 230 Billion in 2020 and is
projected to reach USD 300 Billion by 2028, growing at a CAGR of 3.80%%
from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 300 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 3.80%% |
Definition and Overview
Cooking oils and fats are made up of saturated, polysaturated, and monosaturated fatty acids. Saturated fats increase the body cholesterol levels, while monosaturated and polysaturated fats tend to lower cholesterol level in the body
The
global Oil, Fat and Cereals market is segmented based on by Product, Application,
regions, and countries. The regional segmentation provides current and forecast
demand across North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. All the segments have been analyzed on the basis of present
and future trends. Rising demand for Oil, Fat and Cereals in various countries such as the U.S.,
Germany, China, India, and Japan, among others is likely to support the growth
of the market. Numerous companies are focusing on investing heavily in this
application to cater the end user requirements effectively. The report provides
comprehensive analysis of the market based on drivers, restraints,
opportunities, trends, competition, and industry-authenticated data. The market
is estimated from 2016 to 2020 with forecast from 2021 to 2028.
Global Oil, Fat and Cereals Market: COVID-19 Impact Analysis
The
COVID-19 pandemic is affecting industries worldwide and the global economy took
hit in 2020 and likely in 2021 as well. The outbreak created disruptions in
industries such as semiconductor, consumer electronics, travel, and automotive,
among others. Impact of COVID-19 on the market demand is considered while
estimating the current and forecast market size and growth trends for all the
regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
Increasing demand for food boosting global consumption of vegetable oils is creating a huge demand at the supply-demand, thereby driving the market growth.
Increased consumption of bakery & confectionery and processed food products, specifically in the European region is also driving the market growth.
Labeling of fat & oil products and the safety issues regarding the consumption is mainly restraining the market growth.
Global Oil, Fat and Cereals Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application, Source |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Astra Agro Lestari, Bunge, Arista, Adani, Archer Daniels Midland, United Plantations Berhad, Wilmar, IFFCO, Unilever, Ruchi Soya, Conagra Foods, Adams Group, Associated British Foods, Cargill, Fuji Oil. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Product Analysis: Preview On the basis of Product,
the market is segmented into Vegetable Oil, Oilseed Oil, Animal Oil, Cereals,. Vegetable Oil held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Vegetable Oil
in emerging economies in Asia Pacific region. Application
Analysis: Preview
Based on Application,
the market is segmented into Residential, Commercial, Industrial,. Commercial accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Oil, Fat and Cereals Market: Product Segment Analysis
-
- Vegetable Oil
- Oilseed Oil
- Animal Oil
- Cereals
Global Oil, Fat and Cereals Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial
Global Oil, Fat and Cereals Market: Source Segment Analysis
-
- Vegetables
- Animals
Regional Analysis Preview
On the basis of region, the global Oil, Fat and Cereals market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held the largest share of the global Oil, Fat and Cereals market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market.
Market Size, 2021 (USD Billion)
Global Oil, Fat and Cereals Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Oil, Fat and Cereals market are Astra Agro Lestari, Bunge, Arista, Adani, Archer Daniels Midland, United Plantations Berhad, Wilmar, IFFCO, Unilever, Ruchi Soya, Conagra Foods, Adams Group, Associated British Foods, Cargill, Fuji Oil.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
FAQ
Frequently Asked Question
What is the global demand for Oil, Fat and Cereals in terms of revenue?
-
The global Oil, Fat and Cereals valued at 230 Billion in 2020 and is expected to reach 300 Billion in 2028 growing at a CAGR of 3.80%%.
Which are the prominent players in the market?
-
The prominent players in the market are Astra Agro Lestari, Bunge, Arista, Adani, Archer Daniels Midland, United Plantations Berhad, Wilmar, IFFCO, Unilever, Ruchi Soya, Conagra Foods, Adams Group, Associated British Foods, Cargill, Fuji Oil..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.80%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Oil, Fat and Cereals include
- Increasing demand for food boosting global consumption of vegetable oils is creating a huge demand at the supply-demand, thereby driving the market growth.
- Increased consumption of bakery & confectionery and processed food products, specifically in the European region is also driving the market growth.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Oil, Fat and Cereals in 2020.