Edible Oil Co Products And By Products Market Size, Share, Industry Trends and Forecast to 2033
This report covers an in-depth analysis of the Edible Oil Co Products and By Products market, providing insights on market size, growth trends, and regional dynamics from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.00 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $19.65 Billion |
| Top Companies | Unilever, Cargill, BASF |
| Last Modified Date | 15 Nov 2024 |
Edible Oil Co Products And By Products Market Report (2023 - 2033)
Edible Oil Co Products And By Products Market Overview
What is the Market Size & CAGR of Edible Oil Co Products And By Products market in 2023?
Edible Oil Co Products And By Products Industry Analysis
Edible Oil Co Products And By Products Market Segmentation and Scope
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Edible Oil Co Products And By Products Market Analysis Report by Region
Europe Edible Oil Co Products And By Products Market Report:
Europe's market size is approximately $2.98 billion in 2023, expected to reach $5.86 billion by 2033. The rise in demand for sustainable and organic products is driving this growth, alongside health regulations promoting healthier oils.Asia Pacific Edible Oil Co Products And By Products Market Report:
In the Asia Pacific region, the market was valued at approximately $1.92 billion in 2023 and is expected to grow to $3.78 billion by 2033. The rise is largely attributed to high consumption of cooking oils and increasing health consciousness among consumers.North America Edible Oil Co Products And By Products Market Report:
North America holds a significant share, with a market size of $3.29 billion in 2023 anticipated to grow to $6.47 billion by 2033. This growth is supported by technological advancements and the popularity of healthy oils.South America Edible Oil Co Products And By Products Market Report:
South America’s market in 2023 stands at $0.50 billion, projected to reach $0.98 billion by 2033. The growth is influenced by favorable agricultural conditions for oilseed cultivation and increasing exports.Middle East & Africa Edible Oil Co Products And By Products Market Report:
In the Middle East and Africa, the market was valued at $1.31 billion in 2023 and is projected to double by 2033 to $2.56 billion. Increased oil consumption driven by population growth and urbanization is a key growth factor.Request a custom research report for industry.
Edible Oil Co Products And By Products Market Analysis By Product
Global Edible Oil Co-Products and By-Products Market, By Product Market Analysis (2023 - 2033)
The Edible Oil Co Products market segment includes various oils, with vegetable oils leading the market. In 2023, vegetable oils are projected to hold a market size of $6.23 billion, growing to $12.25 billion by 2033, representing 62.34% market share. Other relevant segments include animal fats and insect oils. Animal fats occupy a market size of $2.60 billion in 2023 and are expected to grow to $5.11 billion by 2033, holding a 25.99% market share. Insect oils, while smaller at $1.17 billion in 2023, are projected to grow to $2.29 billion by 2033, with an 11.67% market share.
Edible Oil Co Products And By Products Market Analysis By Application
Global Edible Oil Co-Products and By-Products Market, By Application Market Analysis (2023 - 2033)
The applications of edible oils span various industries. The animal feed sector dominates with a market size of $5.58 billion in 2023, expected to reach $10.97 billion by 2033, capturing a 55.81% market share. The food industry holds a market size of $2.39 billion in 2023, projected to grow to $4.70 billion by 2033, with a 23.89% market share. Other applications include the cosmetic industry with $1.01 billion and the biofuel industry with $1.02 billion in 2023, both anticipated to expand significantly over the forecast period.
Edible Oil Co Products And By Products Market Analysis By Technology
Global Edible Oil Co-Products and By-Products Market, By Technology Market Analysis (2023 - 2033)
Technological advancements in extraction methods significantly impact the edible oil market. Extraction technology accounts for a market size of $6.23 billion in 2023, increasing to $12.25 billion by 2033, representing 62.34% share. Refining technology, essential for ensuring oil purity, holds a market size of $2.60 billion in 2023 and is expected to grow to $5.11 billion by 2033, with a share of 25.99%. Fractionation technology has a smaller yet important share, expected to rise to $2.29 billion by 2033.
Edible Oil Co Products And By Products Market Analysis By Source
Global Edible Oil Co-Products and By-Products Market, By Source Market Analysis (2023 - 2033)
The source of oils primarily includes traditional plant-based sources and newer alternatives such as insects. The major plant-based sources include soybean, canola, and palm oils, which contribute significantly to the overall market size. Insect oil sources, while still emerging, are gaining traction due to their sustainability benefits and lower environmental impact.
Edible Oil Co Products And By Products Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Edible Oil Co Products And By Products Industry
Unilever:
Unilever is a British-Dutch multinational company specializing in consumer goods, including food products, which encompasses a wide range of edible oils and their derivatives.Cargill:
Cargill is a major player in the global agribusiness, providing a vast array of oils, safety-related innovations, and sustainable solutions in food production.BASF:
BASF is a global chemical company that produces a variety of edible oils with a strong focus on innovative solutions and sustainability in agriculture.We're grateful to work with incredible clients.
