Global Fats and Oils Market by Type and Application: Trends & Forecast to 2019 In New Research Report Available at RnRMarketResearch.com
RnRMarketResearch.com adds “Fats and Oils Market by Type [Vegetable Oils (Palm, Soybean, Sunflower, Rapeseed, Olive), Animal Fats (Lard, Tallow, Butter)], Application (Bakery, Confectionery, Salad Dressing, Snacks & Savory, Spreads) & Geography – Global Trends & Forecast to 2019″ global research report to its store.
DALLAS, Aug. 11, 2014 /PRNewswire-iReach/ — The fats and oils market is projected to reach $230 billion by 2019. In 2013, Asia-Pacific was the largest market. The Indian market for fats and oils is projected to grow at the highest CAGR of more than 4% from 2014 to 2019. The Latin American market is estimated to be the second-fastest-growing market.
The report includes the market sizes in terms of both, value ($million) and volume (KT). The fats and oils market is segmented on the basis of types, applications, and regions. Vegetable oils are further segmented as sunflower oil, rapeseed oil, palm oil, soybean oil, and olive oil; whereas, animal fats are sub-segmented into lard, butter, and tallow. The applications of fats and oils include bakery, snacks & savory, confectionery, salad dressings, and spreads. The market has also been segmented on the basis of various regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); and has been further segmented on the basis of their key countries. Complete report is available at http://www.rnrmarketresearch.com/fats-and-oils-market-by-type-vegetable-oils-palm-soybean-sunflower-rapeseed-olive-animal-fats-lard-tallow-butter-application-bakery-confectionery-salad-dressing-snacks-savory-spre-market-report.html .
Fats and oils are obtained through plant and animal sources that become the most important part of our diet to maintain the body temperature and absorb nutrients by providing energy. They are increasingly used in the markets where the consumption of processed foods is rising. The consumption of high-quality vegetable oils and fats is an opportunity for the key players to innovate and bring changes in their current product portfolio.
The market is estimated to grow with the advancements in technologies and increasing trend of consuming processed foods due to a busy lifestyle. The Asia-Pacific region dominated the fats and oils market in 2013. Increasing population and inclination towards the snacks contributed to the growth of the market for fats and oils in Asia-Pacific.
To maintain a competitive edge in the fats and oils market, the key players invest heavily in the development of new fat and oil products. The key players of the market were observed to prefer new joint ventures, agreements, collaborations, and expansions as strategies to garner a larger share in the market. Leading players such as Associated British Foods PLC, Ajinomoto Co. Inc, Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, Conagra Foods Inc, International Foodstuff Company Holdings Limited (IFFCO), Wilmar International Limited, Unilever PLC and United Plantations Berhad are discussed in this research. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=203316 .
The fats and oils market is driven by the various consumption habits of the consumers, marketing strategies of the companies, increase in demand for high-quality oils, consumer awareness, and awareness in the developing economies. The key market players adopted collaborations, agreements, joint ventures, and expansions as their preferred strategies to sustain the competition in the market. The different technologies used to manufacture fats and oils, and an introduction of a wide range of non-genetically modified fat and oil products have further driven the market.
The report provides both, qualitative and quantitative analyses of the market for fats and oils. The report includes the market dynamics, trends, competitive strategies preferred by the key market players, the driving factors that boosted the growth of the fats and oils market, and the restraints of the market. The report also confers the opportunities in the fats and oils market for the new entrants. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=203316 .
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Explore more reports on oils & fats market at http://www.rnrmarketresearch.com/reports/food-beverage/food/oils-fats/ .
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