The latest market report published by Credence Research, Inc. Edible Oils Market, By Type, and Region - Growth, Future Prospects, and Competitive Analysis, 2016 - 2023, the edible oils market was valued at US$ 82.9 Bn in 2015, and is expected to reach US$ 124.3 Bn by 2023, expanding at a CAGR of 5.4% from 2016 to 2023.

Market Insights

Edible oils are food substance that is generally produced for human consumption partially or wholly from a fat. It is utilized in Edible various dishes. Soybean, rapeseed, palm and sunflower are most highly popular vegetable oils available in the market and is significantly consumed by consumers. Increasing popularity of healthy and organic vegetable oils is expected to stimulate the growth of edible oils during the forecast period.

Browse the full Edible Oils Market byType, and Geography - Growth, Future Prospects, and Competitive Analysis, 2016 2023 report at http://www.credenceresearch.com/report/edible-oils-market

Rising health consciousness coupled with increasing acceptance of oils that are low in calories, fat and has low cholesterol content is expected to bolster the growth of edible oils market over the period 2016-2023. Apart from this, variation in composition of vegetable oil, intake of wide varieties of oil, as well as changing preferences of people as per the health necessity are intensifying the market growth and is further likely to stimulate the market growth in terms of revenue over the forecast period.           

Escalating research and development initiatives taken by key edible oil manufacturers in order to produce new and innovative products keeping in mind the changing tastes and preferences as well as the economic price range has strengthened the growth of edible oils market for the past few years. Significant production of oil, enhancement in retail network as well as growing economies especially in Asia is anticipated to intensify the growth of edible oils market over the forecast period 2016-2023.

Considering the competition, this market is characterized by presence of various players some of which are small-scale players and some are the largest in number. In order to enhance their presence in the overall global market, the companies are focusing on research and development as well as new product development. The companies are entering into research and development in order to expand their product portfolio which will help in maintaining their dominance in the global edible oils market.

By Type

·         Canola Oil

·         Specialty Blended Oils

·         Palm Oil

·         Soybean Oil

·         Sunflower Oil

·         Olive Oil

·         Corn Oil

·         Other Oils

By End-User

·         Food Processor

·         Foodservice

·         Retail

Key Trends:

• New product development
• Demand for specialty blended oils

Browse the full Edible Oils Market byType, and Geography - Growth, Future Prospects, and Competitive Analysis, 2016 2023 report at http://www.credenceresearch.com/report/edible-oils-market

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Edible oil is plant, animal, or synthetic fat used in frying, baking, and other types of Edible. It is also used in food preparation and flavouring not involving heat, such as salad dressings and bread dips, and in this sense might be more accurately termed edible oil.Edible oil is typically a liquid at room temperature, although some oils that contain saturated fat, such as coconut oil, palm oil and palm kernel oil are solid.There are a wide variety of Edible oils from plant sources such as olive oil, palm oil, soybean oil, canola oil (rapeseed oil), corn oil, peanut oil and other vegetable oils, as well as animal-based oils like butter and lard.Oil can be flavoured with aromatic foodstuffs such as herbs, chillies or garlic.

Source: Wikipedia

List of Edible oils

These oils make up a significant fraction of worldwide edible oil production. All are also used as fuel oils.

Coconut oil, a cooking oil, with medical and industrial applications as well. Extracted from the kernel or meat of the fruit of the coconut palm. Common in the tropics, and unusual in composition, with medium chain fatty acids dominant.

Corn oil, one of the principal oils sold as salad and cooking oil.

Cottonseed oil, used as a salad and cooking oil, both domestically and industrially.

Olive oil, used in cooking, cosmetics, soaps, and as a fuel for traditional oil lamps.

Palm oil, the most widely produced tropical oil.[9] Popular in West African and Brazilian cuisine. Also used to make biofuel.

Peanut oil (Ground nut oil), a clear oil with some applications as a salad dressing, and, due to its high smoke point, especially used for frying.

Rapeseed oil, including Canola oil, one of the most widely used cooking oils.

Safflower oil, until the 1960s used in the paint industry, now mostly as a cooking oil.

Sesame oil, cold pressed as light cooking oil, hot pressed for a darker and stronger flavor.

Soybean oil, produced as a byproduct of processing soy meal.

Sunflower oil, a common cooking oil, also used to make biodiesel.[Ref: en.wikipedia.org]

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