WiseGuyReports.Com Publish a New Market Research Report On ââ Cooking Oils & Fats: World Market Sales, Consumption, Demand and Forecast 2019 â 2024â.
PUNE, INDIA, October 14, 2019 /EINPresswire.com/ —
The collective alertness for strengthening in oils and fats, cumulative demand of bakery and confectionery products, administered and expediency foods, and the progress of hotel, restaurant, cafe (HORECA) applications are likely to have a optimistic impression on the global cooking oils & fats market. Though, collective health mindfulness and rigorous food safety principles are expected to detain the progress of the global cooking oils & fats market. The Global Cooking Oils & Fats Market is anticipated to record a CAGR of 1.77% to reach USD 74,865.82 Million by 2024. Cooking oils and fats are the prime workings of the consistent diet of an individual. Oils and fats are the calorie-dense macro-nutrients and are the primary foundations of indispensable fatty acids and are also respectable movers of fat-soluble vitamins A, D, E, and K and have a prevalent submission in the bakery and dairy trades.
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Key Players Analysis
The projected onlookers in the Global Cooking Oils & Fats Market are companies like Wilmar International Ltd (Singapore), Bunge Limited (US), Conagra Brands, Inc. (the US), Archer Daniels Midland Company (US), United Plantations Berhad (Malaysia), IFFCO (UAE), AAK AB (Sweden), Cargill, Incorporated (US), James Richardson & Sons, Limited (Canada), and Associated British Foods PLC (UK).
It also goes on to analyze the core competencies of the various key players in the market and their contributory share percentage to project the degree of competition in the market. The study also goes deep into tracking and analyzing the competitive developments in the market like R&D activities, latest product launch, collaborations and acquisitions, partnerships, etc. The study was undertaken by considering 2019 as the base year and 2024 as the end of the forecast period. The primary aim of the study is to answer some of the most critical questions in the market for stakeholders, which would enable them to prioritize their investments and efforts in the coming years.
The research methodology applied and adopted for the study of the market involves capturing data on the revenue generated by the market players through various secondary sources. The sources include corporate filings, company websites, investor presentations, annual reports, paid databases, and others.
Global cooking oils & fats market has been segmented on the basis of type, source, and application. The oils segment is predictable to be the major one, thus recording a considerable CAGR to reach USD 49,145.87 Million by the end of 2024. Cooking oils are mostly plant-based oils with a few exceptions such as fish oil and are mostly liquid at room temperatures. There are several types of cooking oils offered in the market. Though, palm oil, soybean oil, sunflower oil, olive oil, coconut oil, groundnut oil, and sesame oil account for the mainstream of the market share. Though, the fats section is predictable to spectator a considerable progress rate of 2.09% during the forecast period of 2019 to 2024.
Table Of Contents â Major Key Points
â¢ Executive Summary
â¢ Research Methodology
â¢ Market Dynamics
â¢ Market Factor Analysis
â¢ Global Cooking Oils & Fats Market, by Type
â¢ Global Cooking Oils & Fats Market, by Source
â¢ Global Cooking Oils & Fats Market, by Application
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Source: EIN Presswire