市場調查報告書
商品編碼
1488637
全球食用油市場評估:依特性、產品類型、包裝類型、應用、地區、機會、預測(2017-2031)Edible Oils Market Assessment, By Nature, By Product Type, By Packaging Type, By Application, By Region, Opportunities and Forecast, 2017-2031F |
2023年全球食用油市場規模為2,361.2億美元,預估2031年將達3,313.3億美元,預估2024-2031年期間複合年增率為4.18%。
由於健康知識的增加、可支配收入的增加、城市化和全球飲食習慣的變化等因素,該市場正在動態成長。食用油是烹飪和食品加工所必需的,其產品種類繁多,包括大豆油、菜籽油、葵花籽油和棕櫚油等植物油,以及橄欖油、椰子油、酪梨油、芝麻油和橄欖油等特種油。
由於對生活方式的日益關注,健康意識的增強是食用油需求增加的另一個因素。身體正在尋找有益的油,例如富含不飽和脂肪酸、omega-3 脂肪酸、omega-6 脂肪酸和其他重要營養素的油。例如,橄欖油之所以受歡迎,是因為它已被證明有助於預防心臟周圍膽固醇沉積引起的心臟病。此外,對人類健康的明顯好處和烹飪中的多功能用途是對酪梨油等特種油需求不斷增加的主要原因。
另一個市場驅動因素是對有機和非基因改造產品日益增長的興趣。消費者對基改作物(GMO)和合成化學品的認識不斷增強,證明了對天然食品的需求,這推動了對有機食用油的需求。這種趨勢在北美和歐洲等已開發地區尤其明顯,這些地區對天然和有機食品的敏感度越來越高。
食用油市場遵循地區飲食偏好和傳統烹飪方法。例如,亞太地區普遍使用棕櫚油和椰子油。另一方面,橄欖油和菜籽油在歐洲和北美很受歡迎。地區差異影響這些油的生產和消費。
該市場深受永續發展問題的影響,由於森林砍伐、野生動物棲息地喪失和溫室氣體排放增加等環境問題,棕櫚油尤其受到越來越多的關注。因此,隨著Roundtable on Sustainable Palm Oil(RSPO)認證等方法的使用增多,有利於永續棕櫚油生產的趨勢仍在繼續。目前向永續發展的轉變證實,更多的客戶更喜歡可持續來源和生產的石油。到 2023 年底,Unilever plc將在這方面取得重大進展,其 86% 的原生棕櫚油以可持續方式採購,其中 72% 將透過 RSPO Mass Balance、RSPO Segreted 或第三方實物採購。 ,例如經過驗證的等效標準。
此外,技術進步和創新正在對食用油產業產生重大影響。人們正在採用更先進的萃取方法,例如冷壓和超臨界流體萃取,以幫助提高油品質量和產量。此外,目前正在研究根據個人化飲食和預防性衛生要求來配製和強化新的油組合。
在全球市場的各大公司努力增加市場佔有率的同時,來自大型國際公司和本土製造商的競爭也日益加劇。為了獲得更大的市場佔有率,他們在行銷策略、品牌知名度和不同類型的產品上投入大量資金。策略性收購、併購、聯盟和進入新市場是獲得競爭優勢的常見方法。
因此,由於健康和保健趨勢的上升、永續性問題、技術進步和消費者偏好的變化,食用油市場可能會持續成長。隨著市場競爭的加劇,不僅能夠適應新要求而且能夠創新的組織可能比其他組織更具優勢。
本報告研究和分析了全球食用油市場,提供了每個地區的市場規模和預測、市場動態以及主要參與者的現狀和前景。
Global edible oils market size was valued at USD 236.12 billion in 2023, and is expected to reach USD 331.33 billion in 2031, with a CAGR of 4.18% during the forecast period between 2024 and 2031.
The market is dynamic and growing due to factors such as increasing knowledge concerning health matters, disposable incomes growth, urbanization and changes in eating habits across the globe. Edible oils, essential in cooking and food processing, encompass a wide range of products, including vegetable oils such as soybean, canola, sunflower, and palm oil; olive oil, coconut oil, and specialty oils such as avocado and sesame oil.
Increasing health awareness is further responsible for the increasing demand for edible oils due to growing concerns about lifestyle. Nowadays, buyers want oils that are beneficial for their bodies, such as oils rich in unsaturated fatty acids, omega-3, and omega-6 fats, as well as other vital nutrients. For instance, olive oil has gained popularity due to its proven usefulness in preventing heart diseases developed as a result of cholesterol deposition around the heart. Moreover, the perceived benefits to human health and their versatile use in cooking are the main causes of increasing demand for special oils such as avocado oil.
Another major market driver is the increasing interest in organic and non-GMO products. The need for natural food items is evident by the escalating demand for organic edible oils due to consumers' increased awareness of genetically modified organisms (GMOs) and synthetic chemicals, which may pose health hazards. The trend is especially pronounced in developed regions such as North America and Europe, with higher sensitization to natural and organic commodities.
The edible oils market follows regional dietary preferences and traditional food preparation methods. For instance, palm oil and coconut oil are commonly used in Asia-Pacific owing to their availability and conventional utilization in local cuisines. On the other hand, olive oil and canola oil are very popular in Europe and North America. The regional distinction affects how much these oils are produced and consumed.
The market is influenced significantly by sustainability issues, with particular attention being paid to palm oil due to environmental concerns such as deforestation, loss of wildlife habitats, and increased greenhouse gas emissions. Consequently, there is an ongoing trend in favor of sustainable production of palm oil for which approaches such as the Roundtable on Sustainable Palm Oil (RSPO) Certifications are being increasingly applied. It has been observed that more customers prefer oils which are sourced and produced sustainably as evidenced by the current shift to sustainability. By the end of 2023, Unilever plc had made significant progress in this regard, sustainably sourced 86% of its core palm oil volumes, out of which 72% came from physically certified sources such as RSPO Mass Balance, RSPO Segregated, or equivalent standards independently verified by third parties.
Furthermore, technological advancements and innovation heavily influence the edible oils industry. Enhanced extraction methods, such as cold pressing and supercritical fluid extraction, are being adopted, which helps enhance the quality of oils and output. Additionally, continual studies are being conducted about formulating new oil combinations or fortifications based on personalized diets and preventive health requirements.
Key players in the global market experience intensified competition from large international corporations and local manufacturers while striving for increased market percentages. To gain a larger market share, they concentrate on heavy investments in marketing strategies, brand recognition, and different types of products. Strategic acquisitions and mergers, partnerships, and entering new markets are common approaches to gain a competitive edge.
Consequently, with the rising health and wellness trends, sustainability issues, technological advancements and changing consumer tastes, there is a likelihood of a continuous growth in the market for edible oils. If the market becomes more competitive, the organizations which are able to innovate as well as adapt to new requirements have chances of excelling over their counterparts.
Rising Awareness of Healthier Cooking Oils Contribute to the Demand
Global edible oils market is substantially impacted by changing dietary habits of the consumers. Preference for plant-based and nutrient-rich diets depicting an inclination of the consumers towards healthier eating, propels the market demand for oils such as palm oil, peanut oil, and other specialty oils. Demand for oils which have perceived health benefits, including antioxidants and omega 3 fatty acids, is continuously on the rise.
Growing awareness about the ill-effects of saturated fats and trans fats among the consumers has driven the popularity of oils which have healthier fat profiles. The market is, therefore, experiencing a surge in demand for oils that are in sync with the evolving consumer preferences. Prominent players are diversifying their product offerings to meet this growing health-conscious edible oils demand. In April 2023, Australia-based Plenty Foods introduced an extremely high oleic safflower oil developed from Australian seeds. The oil claimed to have a high concentration of oleic acid, a monounsaturated fatty acid, and is low in saturated fat. It contained 92% oleic acid (omega 9) contrary to 75% in standard safflower oil, which was naturally derived from SHO safflower seeds approved by Go Resources.
Focus on Sustainability Encourages Eco-friendly Oil Production
Environmental concerns related to sustainability influence the global edible oils market to a great extent. Loss of biodiversity, carbon emissions associated with the oil production process, and deforestation lead consumers to seek sustainably sourced products, including oil. One of the world's leading certification authorities, Bureau Veritas, provides a Roundtable on Sustainable Palm Oil Certificate to ensure that palm oil is sourced, keeping all the sustainable factors aligned. Such certifications drive manufacturers towards adopting eco-friendly practices and gaining consumers' trust.
Moreover, consumers feel responsible towards the environment while choosing the products with such certifications. Hence, transparency, traceability, and eco-friendly initiatives addressing and negating the environmental impact of oil products are driving the growth of the global edible oils market.
In March 2023, Chevron Corp. partnered with Corteva Inc. and Bunge Ltd. to create renewable fuels from rapeseed crops. They took advantage of opportunities in the renewable fuels market by introducing distinctive winter Canola hybrids that yield plant-based oil with a lower carbon footprint.
Expansion of Food and Beverage Sector Constant Product Innovations
With increased globalization, there is a growing appreciation for diverse cuisines and flavors across the globe. Different cuisines often require specific cooking oils for a genuine taste and texture. For instance, Asian cuisines frequently use oils such as, sesame oil, peanut oil, and coconut oil, while Mediterranean cuisines favor olive oil. The demand for these oils is driven by the popularity of international cuisine in food and beverage industry. For instance, according to the U.S. Department of Commerce, Bureau of the Census, the data from 2021 shows that food and beverage plants made up 16.8% of total sales and 15.4% of all employees in manufacturing in the United States, out of which grain and oilseeds contributed 10.4% of sales. Additionally, the rising trend of urbanization and busy lifestyles has led to an increased consumption of processed and convenience foods. These foods often require edible oils as key ingredients for flavor, texture, and preservation. As consumers seek convenient meal solutions, the demand for edible oils used in processed and convenience foods continues to grow.
Innovations in Oil Extraction Technologies
Advances in oil extraction technologies are enhancing efficiency, yield, and quality in the global edible oils market. Innovations such as cold-pressing techniques, solvent extraction methods, and genetic engineering of oilseed crops are optimizing production processes and reducing production costs. Techniques such as identifying quantitative trait loci (QTLs) for oil content, molecular markers associated with fatty acid composition, and important functional genes for metabolic engineering have resulted in higher yields of oil crops. Despite challenges such as the negative correlation between yield and quality traits, advancements in understanding the genetic control of oil content and quality offer promising prospects for future improvements in oil crops. These technological advancements drive growth by improving supply chain efficiency and expanding the range of available oils in the consumer market.
Asia-Pacific Emerging as a Larger Market for Edible Oils
Asia-Pacific is undoubtedly emerging as a strong force in the global edible oils market. With an ever-increasing population rate, rapid economic growth leading to urbanization, and evolving dietary preferences of consumers, the region is experiencing a growing demand for edible oils. Many prominent players are focusing on expansion by tapping into countries such as China and India. The demand for healthier oil options in Asia-Pacific is growing frequently.
Therefore, the expansion of businesses in the region is poised for significant growth in the future with multiple opportunities due to diverse culinary traditions. Asia-Pacific is a dynamic as well as promising market for edible oils with a blend of both modern and traditional influences. In March 2023, Certified Origins (CO) introduced its certified Extra Virgin Olive Oil (EVOO) with Roman origin protection in China.
Future Market Scenario (2024 - 2031F)
Consumers' increasing focus on health and wellness will continue to play a pivotal role in shaping the edible oils market. Oils rich in unsaturated fats, omega-3, and omega-6 fatty acids, and other health-promoting nutrients will see heightened demand.
Sustainability is expected to become the center of the theme in the global edible oils market. The growing awareness of environmental issues, such as deforestation and habitat destruction linked to palm oil production, will drive demand for sustainably sourced and produced oils.
Advancements in extraction and processing technologies will enhance the quality and yield of edible oils. Additionally, biotechnology is expected to contribute to the development of new oil varieties with enhanced health benefits.
Key Players Landscape and Outlook
Global edible oils market is considered to have a competitive landscape with multiple players, who produce, distribute, and drive innovation on a global scale. The prominent players are dominating the market by using their superior supply chains, latest processing methods, and established brand names. The outlook for global edible oils market is robust, with sustained growth expected over the coming years. Factors such as rising health consciousness, increasing demand for organic and non-GMO products, and the push towards sustainability are likely to shape the industry's future. Companies are focusing on expanding their product offerings to include healthier and more sustainable options, such as high-oleic oils and certified sustainable palm oil. Technological advancements in extraction and processing, coupled with strategic mergers and acquisitions, are expected to enhance production efficiency and market reach. In September 2023, Sime Darby Berhad (SD Plantation) and Godrej Agrovet Ltd. (GAVL) formed a strategic partnership to enhance India's vegetable oil production. SD Plantation will supply high-quality oil palm seeds to GAVL's business unit and explore potential collaborations including setting up of an advanced seed production unit in India.
As consumer preferences continue to evolve, companies that can innovate and align with these trends are well-positioned to capture significant market share and drive market growth.
For instance, in May 2022, the France-based biodiesel and vegetable oil group Avril increased the number of sunflower seeds it crushes and the amount of sunflower oil it produces. Increasing the independence of sunflower oil and oilseed meal was one of the project's main objectives.