Edible Oils Market, By Product Type (Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil, Others), By Packaging Type (Pouches, Jars, Cans, Bottles, Others), By Distribution Channel (Online and Offline), and Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024

Code : CMI4973

Pages :110

Formats :

Excel and PDF

Industry : Food and Beverages

Market Concentration and Competitive Landscape

Edible Oils Market Concentration By Players

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Growing demand for non-GM, organic and specialty edible oils

There has been a notable shift in consumer preferences towards healthier, natural and sustainable food options. Consumer distrust over genetically modified ingredients and demands for non-GM products open lucrative opportunities for non-GM edible oil producers. Thus, the production of non-GM varieties of major edible oils like soybean, canola and sunflower oils has significantly risen. Organic edible oils tailored for health-conscious customers are gaining widespread popularity. Strict non-GMO and organic certification processes ensure premium pricing for such niche edible oil variants. Meanwhile, specialty oils extracted from exotic fruits and seeds are attracting a massive consumer base. Coconut, avocado and olive oils have emerged as popular superfood ingredients. The alleged health benefits of these oils including cardiovascular support has boosted the customer outreach. Even among developing nations, the affinity for premium imported oils is strengthening with prosperity.

Key Players Insights