Asia-Pacific Fats and Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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

Market Snapshot

Asia-Pacific Fats and Oil Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.73 %

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Market Overview

Asia-Pacific Fats and Oil Market is anticipated to register a CAGR of 5.73%, during the forecast period, 2020-2025.

  • The growing affluence of China's middle-class is allowing consumers to purchase high-priced packaged oils and fats. The ban on loose oils and fats in some Chinese cities has led to growth in the demand for packaged oils.
  • Vegetable and seed oils are perceived to be healthier and preferred by consumers. Olive oil in particular, has had the highest growth rate due to its perceived health benefits. Retail sales of olive oil has increased tremendously over the years. The growing consumer preference for health products is expected to boost the market of olive oils.

Scope of the report

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.

Product Type
Soybean Oil
Palm Oil
Sunflower Seed Oil
Other Oils
Other Fats
Food and Beverages

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Key Market Trends

Rise in the Consumption of Bakery, Confectionery, and Processed Foods

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.


Asia-Pacific holds the largest share in the oil and fats sector in terms of Production

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.


Competitive Landscape

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.

Table of Contents


    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study



    1. 3.1 Market Overview


    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Product Type

      1. 5.1.1 Oils

        1. Soybean Oil

        2. Palm Oil

        3. Sunflower Seed Oil

        4. Other Oils

      2. 5.1.2 Fats

        1. Butter

        2. Lard

        3. Other Fats

    2. 5.2 Application

      1. 5.2.1 Food and Beverages

      2. 5.2.2 Feed

      3. 5.2.3 Industrial


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Inc.

      2. 6.4.2 Archer Daniels Midland Company

      3. 6.4.3 Wilmar Group

      4. 6.4.4 United Plantations Berhad

      5. 6.4.5 Oleo-fats Inc.

      6. 6.4.6 Fuji oil

      7. 6.4.7 International Foodstuff Company Holdings Limited (IFFCO)

      8. 6.4.8 GEF India

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Fats and Oil Market market is studied from 2016 - 2026.

The Asia-Pacific Fats and Oil Market is growing at a CAGR of 5.73% over the next 5 years.

Cargill Inc., Archer Daniels Midland Company, Wilmar Group, Oleo-fats Inc., Fuji Oil are the major companies operating in Asia-Pacific Fats and Oil Market.

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