Cooking Oil Market Projected to Gain an Uptick During 2021-2028

The global cooking oil market size is estimated to be valued at $2,56,200 billion by 2028, surging from $1,67,600 billion in 2020, at a noteworthy CAGR of 5.5%.

COVID-19 Impact on Cooking Oil Market

During the pandemic, the cooking oil market is experiencing a low growth as food safety has become one of the biggest concerns among consumers to reduce the possibilities of getting infected by the virus. This has led to the shutdown of restaurants and food stalls, negatively impacting the growth of the market.

Furthermore, certain key vendors operating in cooking oil market, such as Marico Ltd, India's leading consumer goods company, in July 2020 announced that they have experienced higher growth rate of 16% on their saffola oil as it is considered as healthy oil. All such factors are predicted to positively impact the global cooking oil market trends amid the pandemic.

Due to the COVID-19 pandemic, people are stuck at homes with limited sources of food. Therefore, most of them are spending more time on cooking. These factors are anticipated to create lucrative investment opportunities in the market during the forecast period.

Which Factors Create Investment Opportunities in the Cooking Oil Market in the Post COVID-19 Pandemic? Click here to connect with Analyst@ https://www.researchdive.com/connect-to-analyst/4639

Global Cooking Oil Market Analysis

The enormous growth of the global cooking oil market is mainly attributed to increasing demand for organic, low fat, and low cholesterol food products. Therefore, increasing demand for high-quality cooking oils such as olive oil and pam oil for various applications such as food, confectionery, candies, and others is expected to drive the global market for cooking oil. Moreover, manufacturers are focusing on cooking/edible oils that are highly nutritious and contain less fatty matter. All such elements across the world, might fuel the cooking oil market growth.

Furthermore, companies that are involved in the global cooking oil market are following effective strategies and launching innovative products to grow in the market. For instance, Nutiva, US based food industry, in April 2020 announced that they have launched two new types of organic liquid coconut oils. This coconut oil is the replacement of traditional cooking oil such as canola, olive, and others. It is fully organic and certified with U.S. Department of Agriculture for cooking, baking and sautéing. Such type of advancements may lead to lucrative market opportunities in the market in the upcoming years.

Global Cooking Oil Market, Segmentation

The global cooking oil market is segmented based on type, end-user, distribution channel, and region.

Type:

The type segment is further classified into palm oil, soybean oil, rapeseed oil, sunflower oil, and others. Among these, the palm oil type sub-segment is anticipated to have the dominant growth and surpass $93,767.5 billion by 2028, with an increase from $59,753.9 billion in 2020.

End-user:

The end-user sub-segment is further classified into residential, food services, food processing, and others. Among these, the food services type sub-segment is anticipated to have the fastest growth and surpass $72,194.5 billion by 2028, with an increase from $45,165.6 billion in 2020.

Distribution Channel:

The distribution channel segment is further divided into hypermarket/supermarket, retail stores, business to business, and online sales channel. The retail stores sub-segment is anticipated to have fastest growth in the global market and register a revenue of $65,186.4 billion during the analysis timeframe.

Region:

The cooking oil market share for the Asia-Pacific region is projected to witness rapid growth. This market generated a revenue of $80,699.4 billion in 2020 and is further projected to reach up to $1, 27,587.6 billion by 2028.

Request an Exclusive PDF Sample of Cooking Oil Market@ https://www.researchdive.com/download-sample/4639

Key Players in the Global Cooking Oil Market

Some of the leading global cooking oil market players are

Archer Daniels Midland Company,
Sime Darby Plantation,
Bunge Limited.,
Olam International Limited,
Kaneka Corporation,
Cargill,
George Weston Foods Limited,
Louis Dreyfus Company,
Nutiva and
SIFCA SA

Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the upsurge of the collaborative robots or cobots .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...

Contactless Payment Market size share growth analysis market demand

Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @ https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, ...

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive, aerospace 3D printing market forecast shall cross $5,933.4 million by 2026 , growing at a CAGR of 26.8% during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance, National Aerospace Technology Exploitation Programme grants £140,000 funds for...

Industrial Research World

Search This Blog