Edible Oils Market was worth US$ 3.54 Bn in 2020 and total revenue is expected to grow at a rate of 6.82 % CAGR from 2021 to 2027, reaching almost US $ 5.72 Bn in 2027.
Edible Oils Market Overview:
A variety of factors that encourage market expansion are examined in the Maximize Market Research Report. Market trends, opportunities, challenges, and factors that either help or hurt the market are all covered in the analysis. This section also discusses the many sectors and applications that could have an impact on the market throughout the course of the anticipated time frame. This information is based on both recent and earlier trends. This section also includes a summary of production for each species from 2022 to 2029. The regional output from 2022 to 2029 is examined in this section. The pricing ranges are 2022 to 2029 for each category, each area, and the entire globe.
Between 2022 and 2029, it is predicted that the Edible Oils market would grow at the quickest rate. In addition to analysing supply and demand trends, the Maximize Market Research (MMR) report also looks at costs, prices, shares, volumes, sales, and gross profits. Each company's manufacturing unit, capacity, production, factory price, market price, and market share are investigated in this MMR data collection.
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India has the advantage of being able to consume a huge variety of oilseed crops that are grown in its various agro-climatic regions. Castor, linseed, groundnut, and sesame are the four most commonly grown oilseeds. In the edible oil market, soybean and sunflower have also been regarded as major players. Among the farm crops, coconut is the most important. In addition to Kerala and the Andaman and Nicobar Islands, oil palm is also being grown in the states of Andhra Pradesh, Karnataka, Tamil Nadu, and the north-eastern region of India. Cottonseed oil and rice bran oil are the best non-conventional oils. Additionally, a significant source of oils comes from oilseeds derived from tree and forest sources, which primarily grow in tribally populated areas.
According to MMR estimates, closing the yield gap could produce an additional 3.6 MT of oil, assuming a feasible yield of 1.5 tons/hectare. This calls for the broad-scale adoption of improved agricultural technologies, such as high-quality seeds, wise agrochemical use, and better management. Due to its reputation for lowering the risk of type 2 diabetes and heart disease, substitutes like rice bran oil are becoming more and more popular among urban consumers. About 8.5 percent of the total rice purchased is made up of rice bran, which has a content of about 15 percent. The currently available rice bran can be used to produce about 2 MT of edible oil.
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• Ruchi Soya Industries Ltd
• Gokul Agro Resources Ltd.
• Gujarat Ambuja Exports Ltd.
• Gokul Refoils And Solvent Ltd.
• Vijay Solvex Ltd.
• BCL Industries Ltd.
• Agro Tech Foods Ltd.
• Anik Industries Ltd.
• Kriti Nutrients
• Fortune by Adani Group
• Sundrop by Agro Tech Foods
• Dhara by Mother Dairy
• Dalda by Bunge Limited
• Cargill (Gemini, Nature Fresh and Sweekar).
The entire countries of North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa are all covered by the MMR report. MMR considers significant market segments, sub-segments, and significant market sectors in this study. Based on market size, percentage, and volume, the MMR study assesses how creative nations have developed locally. Numbers can be expressed in a wide variety of ways, including volume, area, sales, market chain systems, and trends.
COVID-19 Impact Analysis on Edible Oils Market:
Between 2020 and 2021, the COVID-19 Regulation will have a substantial impact on societal, commercial, and labour goals. Since COVID-19 has the potential to wipe out our civilization and way of life, it urgently needs industry support and inventiveness. Issues with COVID-19 have arisen for migrant workers in India. The embargo has had a detrimental impact on millions of migratory workers, including job losses, food shortages, and anxiety about the future.
Understanding the modern economy, COVID-19, and its effects on the economy is the main goal of this MMR study. MMR is monitoring COVID-19 across all departments, areas of expertise, and academic fields. To evaluate how COVID-19 has impacted industry losses and growth, comparable data from the Maximize Market Research Report can be used.
Key Questions answered in the Edible Oils Market Report are:
- Which product segment grabbed the largest share in the Edible Oils market?
- How is the competitive scenario of the Edible Oils market?
- Which are the key factors aiding the Edible Oils market growth?
- Which region holds the maximum share in the Edible Oils market?
- What will be the CAGR of the Edible Oils market during the forecast period?
- Which application segment emerged as the leading segment in the Edible Oils market?
- Which are the prominent players in the Edible Oils market?
- What key trends are likely to emerge in the Edible Oils market in the forecast period?
- What is the expected Edible Oils market size by 2029?
- Which company held the largest share in the Edible Oils market?
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