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Asia-Pacific Fats and Oils Market is segmented By Product Type into Oils (Soybean, Palm oil, Sunflower Seed Oil and Other Oils) and Fats (Butter, Lard, and Other Fats); By Application into Food and Beverages, Feed and Industrial; & By Geography
Asia-Pacific Fats and Oil Market is anticipated to register a CAGR of 5.73%, during the forecast period, 2020-2025.
Asia-Pacific Fats and Oil Market is segmented on the basis of By Product Type and application. On the basis of product type the market is segmented into Oils (Soybean, Palm oil, Sunflower Seed Oil and Others) by Fats (Butter, Lard, and Others). On the basis o f application, the market is segmented into Food and Beverages, Feed and Industrial.
|Food and Beverages|
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The key factor driving the market studied is the increased consumption of processed foods, confectionery, and ready-to-drink beverages. Fats and oils are very important raw materials and functional ingredients for several food products, such as confectionery, bakery, ice creams, emulsions, sauces, and shortenings, among others. In addition, the development of new products, using vegetable oils, can prove beneficial for companies to expand the fats and oils application across the food industry. Evolving consumer preferences for bakery and processed foods, the use of automation, food safety regulations, and foreign direct investment are stirring up the food industry.
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Asia-Pacific occupies the largest share in the oil and fats sector in terms of production, as well as consumption. The highest production is that of palm oil and a majority of it is produced in Indonesia and Malaysia. Asia-Pacific has emerged as a dominant market for fish oil consumption, owing to the huge concentration of the aquaculture industry in China, India, Vietnam, and Indonesia. Moreover, the rising health concerns among consumers have led to the usage of fish oil as nutritional supplement in developed countries, such as Japan and Australia.
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Key players have intensely embarked on industry consolidation by leveraging their distribution network, entering into partnerships with local distributors, especially in the emerging economies, and developing new products according to the demand from various industries. The expansion gives an upper edge to the manufacturers to expand their consumer base, globally. Some of the major players in the asia pacific fats and oil market includes Cargill Inc., Archer Daniels Midland Company, International Foodstuff Company Holdings Limited (IFFCO) , United Plantations Berhad, among others.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
22.214.171.124 Soybean Oil
126.96.36.199 Palm Oil
188.8.131.52 Sunflower Seed Oil
184.108.40.206 Other Oils
220.127.116.11 Other Fats
5.2.1 Food and Beverages
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill Inc.
6.4.2 Archer Daniels Midland Company
6.4.3 Wilmar Group
6.4.4 United Plantations Berhad
6.4.5 Oleo-fats Inc.
6.4.6 Fuji oil
6.4.7 International Foodstuff Company Holdings Limited (IFFCO)
6.4.8 GEF India
7. MARKET OPPORTUNITIES AND FUTURE TRENDS