The global fortified edible oils market was valued at USD 12.2 billion in 2018 and is expected to reach USD 16.4 billion in 2026, growing at a CAGR of 3.8% during the forecast period. Fortified edible oils are the edible oils, enriched with additional micronutrients with high nutritional value. Fortified edible oils contain an appropriate concentration of added fat-soluble vitamins such as vitamins A, D, E, and others. Fortified edible oils are the intervention of government regulations to deal with the complication of undernourishment.
Fortified Edible Oils Market Segmentation |
|
| By Product Type | 1. Palm Oil |
| 2. Soybean Oil | |
| 3. Rice Bran Oil | |
| 4. Sunflower Oil | |
| 5. Others | |
| By Micronutrient | 1. Vitamin A |
| 2. Vitamin D | |
| 3. Vitamin E | |
| 4. Others | |
| By Distribution Channel | 1. Supermarkets/Hypermarkets |
| 2. Grocery Stores | |
| 3. E-Commerce | |
| 4. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Argentina and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The growth of the fortified edible oils market is primarily driven by increased problems with vitamin A deficiency. Moreover, changing consumer dietary patterns also drives the growth of the global fortified edible oils market. On the other hand, the high cost of products and less consumer awareness are creating a major hindrance to its market growth. However, technology advancement and new product development and promotion campaigns are expected to create major growth opportunities for the global fortified edible oils market during the forecast period.
The rice bran segment expected to grow at the fastest rate of 4.4% CAGR during the forecast period
Based on the product type segment, the global fortified edible oils market has been segmented into palm oil, soybean oil, rice bran oil, sunflower oil, and others. The rice bran oil segment is expected to grow at the fastest rate of 4.4% CAGR during the forecast period owing to the increased concerns about lesser cholesterol levels and the growing production of rice husk.
Based on the micronutrient segment, the vitamin A segment is expected to lead during the forecast period
Based on micronutrients, the market has been segmented into vitamin A, vitamin D, vitamin E, and others. The vitamin A segment is expected to lead the global fortified edible oils market and accounted for 37% market share in 2018, which further enhance the share in the global market during the forecast period. With the increasing rate of vitamin A deficiency (VAD), fortified oils have taken the shape of public health initiatives. As a result, most companies have started fortifications, which have increased the demand for fortified edible oils in the global market.
Based on the distribution channel, the e-commerce segment is expected to dominate the market with the highest CAGR during the forecast period
Based on the distribution channel, the market has been segmented into hypermarkets/supermarkets, grocery stores, e-commerce, and others. The e-commerce segment is anticipated to dominate the market with the highest growth rate during the forecast period owing to its convenience. Due to the busy lifestyle and consumer preferences to online shopping will drive the growth of the e-commerce segment during the forecast period.
The Asia Pacific to dominate the fortified edible oils market throughout the forecast period
Asia-Pacific is expected to hold the market share of 41% in terms of value and volume in 2018 and further dominates the global market for fortified edible oils during the forecast period owing to an increase in the purchasing power of consumers as well as growth in the population. Europe and North America are projected to show significant growth rates due to the increasing demand for healthy food ingredients, which leads to overall health improvement.
The major players operating in the global fortified edible oils market are Bunge Limited (US), Ruchi Soya Industries (India), Conagra Brands (US), Archer Daniels Midland (US), Adani Wilmar (Singapore), Nestle (Switzerland), Allanasons Private (India), Lam Soon (Malaysia), Liberty Oil Mills (India), and King Rice Oil (Bangkok) among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Fortified Edible Oils Market, 2016-2026, (USD Billion)
1.2. Market Snapshot: Global Fortified Edible Oils Market
1.3. Market Dynamics
1.4. Global Fortified Edible Oils Market, by Segment, 2018
1.4.1. Global Fortified Edible Oils Market, by Product Type, 2018, (USD Billion)
1.4.2. Global Fortified Edible Oils Market, by Micronutrient, 2018, (USD Billion)
1.4.3. Global Fortified Edible Oils Market, by Distribution Channel, 2018, (USD Billion)
1.4.4. Global Fortified Edible Oils Market, by Region, 2018 (USD Billion)
1.5. Premium Insights
1.5.1. Fortified Edible Oils Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Fortified Edible Oils Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increased Problems with Vitamin A Deficiency
2.2.2. Changing Consumer Dietary Patterns.
2.3. Market Restraints
2.3.1. High Cost of Products
2.3.2. Less Consumer Awareness
2.4. Market Opportunities
2.4.1. New Product Developments
2.4.2. Promotion campaigns
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Fortified Edible Oils Market, by Product Type
3.1. Market Overview, by Product Type
3.1.1. Global Fortified Edible Oils Market, by Product Type, 2016-2026 (USD Billion)
3.1.2. Incremental Opportunity, by Product Type, 2018
3.2. Palm Oil
3.2.1. Global Fortified Edible Oils Market, by Palm Oil, 2016-2026, (USD Billion)
3.3. Soybean oil
3.3.1. Global Fortified Edible Oils Market, by Soybean oil, 2016-2026, (USD Billion)
3.4. Rice Bran oil
3.4.1. Global Fortified Edible Oils Market, by Rice Bran oil, 2016-2026, (USD Billion)
3.5. Sunflower oil
3.5.1. Global Fortified Edible Oils Market, by Sunflower oil, 2016-2026, (USD Billion)
3.6. Others
3.6.1. Global Fortified Edible Oils Market, by Others, 2016-2026, (USD Billion)
Chapter 4 Global Fortified Edible Oils Market, by Micronutrient
4.1. Market Overview, by Micronutrient
4.1.1. Global Fortified Edible Oils Market, by Micronutrient, 2016-2026 (USD Billion)
4.1.2. Incremental Opportunity, by Micronutrient, 2018
4.2. Vitamin A
4.2.1. Global Fortified Edible Oils Market, by Vitamin A, 2016-2026, (USD Billion)
4.3. Vitamin D
4.3.1. Global Fortified Edible Oils Market, by Vitamin D, 2016-2026, (USD Billion)
4.4. Vitamin E
4.4.1. Global Fortified Edible Oils Market, by Vitamin E, 2016-2026, (USD Billion)
4.5. Others
4.5.1. Global Fortified Edible Oils Market, by Others, 2016-2026, (USD Billion)
Chapter 5 Global Fortified Edible Oils Market, by Distribution Channel
5.1. Market Overview, by Distribution Channel
5.1.1. Global Fortified Edible Oils Market, by Distribution Channel, 2016-2026 (USD Billion)
5.1.2. Incremental Opportunity, by Distribution Channel, 2018
5.2. Hypermarkets/Supermarkets
5.2.1. Global Fortified Edible Oils Market, by Hypermarkets/Supermarkets, 2016-2026, (USD Billion)
5.3. Grocery Stores
5.3.1. Global Fortified Edible Oils Market, by Grocery Stores, 2016-2026, (USD Billion)
5.4. E-Commerce
5.4.1. Global Fortified Edible Oils Market, by E-Commerce, 2016-2026, (USD Billion)
5.5. Others
5.5.1. Global Fortified Edible Oils Market, by Others, 2016-2026, (USD Billion)
Chapter 6 Global Fortified Edible Oils Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Fortified Edible Oils Market, by Region, 2016-2026, (USD Billion)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Fortified Edible Oils Market
6.3.1. North America Fortified Edible Oils Market, by Product Type, 2016-2026 (USD Billion)
6.3.2. North America Fortified Edible Oils Market, by Micronutrient, 2016-2026 (USD Billion)
6.3.3. North America Fortified Edible Oils Market, by Distribution Channel, 2016-2026 (USD Billion)
6.3.4. United States Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.3.5. Canada Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.4. Europe Fortified Edible Oils Market
6.4.1. Europe Fortified Edible Oils Market, by Product Type, 2016-2026 (USD Billion)
6.4.2. Europe Fortified Edible Oils Market, by Micronutrient, 2016-2026 (USD Billion)
6.4.3. Europe Fortified Edible Oils Market, by Distribution Channel, 2016-2026 (USD Billion)
6.4.4. United Kingdom Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.4.5. Germany Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.4.6. France Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.4.7. Rest of Europe Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.5. Asia Pacific Fortified Edible Oils Market
6.5.1. Asia Pacific Fortified Edible Oils Market, by Product Type, 2016-2026 (USD Billion)
6.5.2. Asia Pacific Fortified Edible Oils Market, by Micronutrient, 2016-2026 (USD Billion)
6.5.3. Asia Pacific Fortified Edible Oils Market, by Distribution Channel, 2016-2026 (USD Billion)
6.5.4. China Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.5.5. Japan Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.5.6. India Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.5.7. Rest of Asia Pacific Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.6. Latin America Fortified Edible Oils Market
6.6.1. Latin America Fortified Edible Oils Market, by Product Type, 2016-2026 (USD Billion)
6.6.2. Latin America Fortified Edible Oils Market, by Micronutrient, 2016-2026 (USD Billion)
6.6.3. Latin America Fortified Edible Oils Market, by Distribution Channel, 2016-2026 (USD Billion)
6.6.4. Brazil Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.6.5. Mexico Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.6.6. Rest of Latin America Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.7. Middle East & Africa Fortified Edible Oils Market
6.7.1. Middle East & Africa Fortified Edible Oils Market, by Product Type, 2016-2026 (USD Billion)
6.7.2. Middle East & Africa Fortified Edible Oils Market, by Micronutrient, 2016-2026 (USD Billion)
6.7.3. Middle East & Africa Fortified Edible Oils Market, by Distribution Channel, 2016-2026 (USD Billion)
6.7.4. GCC Fortified Edible Oils Market, 2016-2026 (USD Billion)
6.7.5. Rest of Middle East & Africa Fortified Edible Oils Market, 2016-2026 (USD Billion)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Product Type
7.3.2. By Micronutrient
7.3.3. By Distribution Channel
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. Bunge Limited
8.1.1. Bunge Limited Overview
8.1.2. Bunge Limited Products Portfolio
8.1.3. Bunge Limited Financial Overview
8.1.4. Bunge Limited News/Recent Developments
8.2. Ruchi Soya Industries
8.2.1. Ruchi Soya Industries Overview
8.2.2. Ruchi Soya Industries Products Portfolio
8.2.3. Ruchi Soya Industries Financial Overview
8.2.4. Ruchi Soya Industries News/Recent Developments
8.3. Conagra Brands
8.3.1. Conagra Brands Overview
8.3.2. Conagra Brands Products Portfolio
8.3.3. Conagra Brands Financial Overview
8.3.4. Conagra Brands News/Recent Developments
8.4. Archer Daniels Midland
8.4.1. Archer Daniels Midland Overview
8.4.2. Archer Daniels Midland Products Portfolio
8.4.3. Archer Daniels Midland Financial Overview
8.4.4. Archer Daniels Midland News/Recent Developments
8.5. Adani Wilmar
8.5.1. Adani Wilmar Overview
8.5.2. Adani Wilmar Products Portfolio
8.5.3. Adani Wilmar Financial Overview
8.5.4. Adani Wilmar News/Recent Developments
8.6. Nestle
8.6.1. Nestle Overview
8.6.2. Nestle Products Portfolio
8.6.3. Nestle Financial Overview
8.6.4. Nestle News/Recent Developments
8.7. Allanasons Private
8.7.1. Allanasons Private Overview
8.7.2. Allanasons Private Products Portfolio
8.7.3. Allanasons Private Financial Overview
8.7.4. Allanasons Private News/Recent Developments
8.8. Lam Soon
8.8.1. Lam Soon Overview
8.8.2. Lam Soon Products Portfolio
8.8.3. Lam Soon Financial Overview
8.8.4. Lam Soon News/Recent Developments
8.9. Liberty Oil Mills
8.9.1. Liberty Oil Mills Overview
8.9.2. Liberty Oil Mills Products Portfolio
8.9.3. Liberty Oil Mills Financial Overview
8.9.4. Liberty Oil Mills News/Recent Developments
8.10. King Rice Oil
8.10.1. King Rice Oil Overview
8.10.2. King Rice Oil Products Portfolio
8.10.3. King Rice Oil Financial Overview
8.10.4. King Rice Oil News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Phase I – Secondary Research
9.2.2. Phase II – Primary Research
9.2.3. Phase III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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