(Entertainment-NewsWire.com, January 11, 2017 ) The Global Oils and Fats market is poised to reach $187.6 billion in 2015 growing at a CAGR of 5.8% to reach $279.7 billion by 2022. Financial rise in the upcoming markets, low oil prices due to intensified competition, high-class oils and end user knowledge in fitness are the important drivers for the enlargement of this market. However, health causes due to overload expenditure, security issues in case of food, high cost of materials are the key factors restraining the market growth. The demand lies in growth of disposable income of the consumers.
By products, vegetable oil segment commanded the largest share in global oils and fats market. This vegetable oil segment witnessed a highest growth rate in Europe and North American region, as these region are in a huge demand for olive and castor oil. Rest of the world (RoW) region dominated the global oils and fats market due to growing disposal income and varying lifestyle trends. Moreover, Asia pacific region is expected to be the second largest market over the forecast period.
Some of the key players in this market include are Cargill, Incorporated, Archer Daniels Midland Company, Unilever PLC, Conagra Foods, Inc., Associated British Foods PLC, United Plantations Berhad, Ajinomoto Co., Inc., Wilmar International Limited, Bunge Limited, CHS Inc., ISTA Mielke GmbH, Arla Foods, Carapelli Firenze, Gujarat Co-operative Milk Marketing Federation and Kerry Group.
