What is driving the growth of the edible oil market?
The edible oil market is booming due to rising health awareness, increasing demand for organic and unsaturated oils, and growing popularity of sunflower oil. Consumers are also seeking diverse culinary options with health benefits.
Which edible oil segment holds the largest market share?
The sunflower oil segment dominates the global edible oil market, accounting for 35.8% share in 2022. Factors like its health benefits and versatility in food products contribute to its popularity.
What is the fastest-growing region in the edible oil market?
Europe is anticipated to be the fastest-growing region in the edible oil market during the forecast period 2024-2031. This is driven by increasing consumer awareness about health and a shift towards healthier cooking oils.
Who are the major players in the global edible oil market?
Leading players include Sundrop, Wilmar International, Cargill Inc., Mazola Oils, Unilever, Bunge Ltd., Marico, CONFO Group, Nisshin Olillio, and Adani Group. These companies are constantly innovating and expanding their product offerings to meet evolving consumer preferences.