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The North America Fats and Oils Market is segmented by Product (Oils - Soybean Oil, Canola Oil, Palm Oil, Olive Oil, Sunflower Seed Oil, and Other Oils, and Fats - Butter, Lard, and Other Fats), Application (Food and Beverage, Animal Feed, Personal Care and Cosmetics and Other Applications), and by Country.
Study Period:
2016 - 2026
Base Year:
2020
CAGR:
3.2 %
The North American fats and oils market is projected to grow at a CAGR of 3.2%, during the forecast period (2020 - 2025).
Based on product type, the market studied is segmented into fats and oils. Based on fats, the market studied is further segmented into butter, lard, and other fats. Based on oils, the market studied is further segmented into soybean oil, canola oil, palm oil, sunflower seed oil, olive oil, and other oils. Based on the application, the market studied is segmented into food and beverages, animal feed, personal care and cosmetics, and other applications. Based on food and beverages, the market is further segmented into bakery and confectionery, savory snacks, dairy, and other food and beverage. Based on the country, the market studied is segmented into the United States, Canada, Mexico, and the rest of North America.
Product | ||||||||
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Application | ||||||
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Animal Feed | ||||||
Personal Care and Cosmetics | ||||||
Other Applications |
By Geography | |
United States | |
Canada | |
Mexico | |
Rest of North America |
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Consumption of olive oil is continuously rising in the region, as it is considered to be healthy dietary fat. Olive oil constitutes a considerable amount of monounsaturated fatty acids. As per the Food and Drug Administration (FDA), eating two tablespoons of olive oil a day may reduce the risk of heart diseases. Consumption of olive oil has several other benefits, such as lowering the risk of osteoporosis, blood pressure, diabetes, and cholesterol. Furthermore, fatty acids (such as omega-3 and omega-6) essential for brain health are also present in extra-virgin olive oil. Due to the tremendous benefits offered by the consumption of olive oil, the demand for oil has increased to a greater extent across the United States and other North American markets.
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The North American fats and oils market is a fragmented market and comprises of regional and international competitors. ADM, Bunge Limited, Wilmar, and Cargill are some of the prominent companies operating in the market. The sustainable competitive advantage through differentiation is high. Manufacturers are increasingly introducing product innovations, in terms of ingredients, price and functionalities. This has led to a high degree of competition in the market.
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Product
5.1.1 Oils
5.1.1.1 Soybean Oil
5.1.1.2 Canola Oil
5.1.1.3 Palm Oil
5.1.1.4 Olive Oil
5.1.1.5 Sunflower Seed Oil
5.1.1.6 Other Oils
5.1.2 Fats
5.1.2.1 Butter(Excluding Dairy Butter)
5.1.2.2 Lard
5.1.2.3 Other Fats
5.2 Application
5.2.1 Food and Beverage
5.2.1.1 Bakery and Confectionary
5.2.1.2 Savory Snacks
5.2.1.3 Dairy
5.2.1.4 Other Food and Beverage
5.2.2 Animal Feed
5.2.3 Personal Care and Cosmetics
5.2.4 Other Applications
5.3 By Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Mexico
5.3.4 Rest of North America
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Incorporated
6.3.2 Wilmar International Ltd
6.3.3 Bunge Limited
6.3.4 Ag Processing Inc.
6.3.5 Archer Daniels Midland Company
6.3.6 Richardson International Limited
6.3.7 Olam International
6.3.8 Arista Industries
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability