Market Size of Asia-Pacific Fats and Oil Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.73 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Fats and Oils Market Analysis
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.
