인구 증가와 도시화 속도는 식용유 수요 증가의 주요 원인입니다. 도시에 거주하는 인구가 증가함에 따라 편리하고 가공된 식품에 대한 수요가 증가하여 식품 가공, 조리 및 제빵에 사용되는 식용유에 대한 수요가 증가하고 있습니다. 또한, 특히 신흥국에서 소득이 증가함에 따라 사람들은 기름과 지방을 추가하여 식습관을 변화시키는 경향이 있으며, 이로 인해 시장이 2024년에 61억 7,000만 달러의 수익을 돌파하고 2032년에는 약 104억 4,000만 달러에 도달 할 수있게함으로써 수요가 증가할 것으로 예측됩니다. 하고 있습니다.
식용유 시장은 인구 증가, 식생활 선호도 변화, 식품 가공 산업 확대, 기술 발전 등의 이유로 빠르게 성장하고 있습니다. 세계 경제에서 식용유의 중요성이 높아짐에 따라 식용유 산업은 제조업체, 소매업체, 투자자 모두에게 몇 가지 전망을 제공합니다. 그러나 지속가능성, 가격 변동성, 규제 준수와 같은 문제를 해결하는 것은 2026-2032년 사이 7.50%의 연평균 복합 성장률(CAGR)로 시장이 성장할 수 있도록 함으로써 산업의 개척 노선을 유지하고 장기적인 생존을 보장하는 데 필수적입니다.
식용유 시장 정의/개요
식용유는 현대인의 식생활에 없어서는 안 될 필수적인 성분으로, 그 용도는 요리에서 영양에 이르기까지 매우 다양합니다. 다양한 동식물 유래의 식용유는 고지방이며, 인간의 건강에 필요한 중요한 지방산을 함유하고 있습니다. 이 책에서는 식용유의 다양한 품종, 제조 공정, 영양학적 특성, 요리 용도 등 복잡한 식용유에 대해 알아봅니다. 먼저 식용유의 다양한 원료를 이해하는 것이 중요합니다. 식물성 기름은 씨앗, 견과류, 견과류, 과일, 곡물로 만들어지며, 가장 일반적인 유형은 올리브유, 콩기름, 해바라기유, 카놀라유, 팜유, 코코넛유, 옥수수유 등입니다.
팜유 소비량은 최근 몇 년 동안 그 다재다능함과 특징적인 특성으로 인해 꾸준히 증가하고 있습니다. 부드럽고 크리미한 질감, 우수한 조리 품질, 중성적인 냄새로 인해 팜유는 식품, 화장품, 바이오연료를 포함한 다양한 산업에서 인기 있는 선택이 되고 있습니다. 이러한 수요의 급증은 전 세계 팜유 시장의 성장률을 가속화할 것으로 예상되며, The Conversation 잡지의 2021년 조사에 따르면 팜유는 다른 대체품에 비해 세계에서 가장 널리 사용되는 식물성 기름으로 나타났습니다. 그 매력의 주요 이유 중 하나는 다른 오일에 비해 저렴한 비용입니다.
팜유는 다양한 용도와 경제적 이익에도 불구하고 환경적, 사회적 문제로 인해 감시와 비판을 받고 있습니다. 팜농장의 확산은 동남아시아 및 아프리카 일부 지역의 삼림 파괴, 서식지 손실, 생물 다양성 파괴와 관련이 있습니다. 또한, 팜유 생산이 원주민과 노동 관행, 토지 소유권에 미치는 영향에 대한 우려도 제기되고 있습니다. 이러한 문제를 해결하기 위한 노력의 결과, 환경적, 사회적으로 책임감 있는 팜유 생산을 촉진하기 위한 지속가능성 이니셔티브, 인증 프로그램, 책임 있는 조달 절차가 수립되었습니다.
팜유에 대한 수요 증가는 팜유의 탁월한 적응성, 비용 효율성 및 뛰어난 품질을 입증합니다. 팜유는 부드러운 식감과 뛰어난 튀김 특성으로 인해 식품, 화장품, 바이오연료에 이르기까지 다양한 용도로 사용되고 있습니다. 팜유의 인기가 계속 높아지는 가운데, 팜유 생산과 관련된 환경 및 사회 문제 해결은 매우 중요한 문제입니다. 지속 가능한 방식과 책임 있는 조달을 장려함으로써 이해관계자들은 팜유가 경제 발전에 기여하는 동시에 환경과 지역 주민들에게 미치는 부정적인 영향을 최소화할 수 있습니다.
식용유 시장에서의 경쟁 심화와 가격 제약은 시장 진출기업에게 큰 문제입니다. 소비자의 눈높이가 높아지고 요구사항이 까다로워짐에 따라 기업은 변화하는 취향과 라이프 스타일에 맞는 제품을 제공하기 위해 연구개발비를 투자해야 합니다. 여기에는 대체 오일 공급원에 주목하여 더 건강한 배합을 고안하고, 유기농 및 지속 가능한 원료와 같은 부가가치를 포함시키는 것이 포함됩니다. 그러나 이러한 노력은 종종 많은 투자가 필요하며, 수익률을 낮추고 수익성을 유지하면서 경쟁력을 유지하기 위해서는 신중한 가격 전략이 필요합니다.
생산 공정과 비용에 대한 규제 준수에 따른 영향은 결국 식용유 가격 상승의 형태로 소비자에게 파급될 수 있습니다. 기업은 규제를 준수하고 품질 기준을 유지하기 위해 높은 비용을 지출해야 하기 때문에 그 비용을 가격 인상이라는 형태로 고객에게 전가할 수 있습니다. 그 결과, 특히 가격 민감도가 의사결정의 중요한 요소인 가격 민감 경제권에서는 소비자의 구매 행동에 영향을 미칠 수 있습니다. 이처럼 규제 조치는 식품 안전과 공중 보건을 보호하기 위해 필수적이지만, 산업 관계자와 소비자 모두에게 어려움을 초래할 수 있습니다.
식용유 시장은 치열한 경쟁, 고객 선호도 변화, 규제의 어려움 등의 특징을 가지고 있으며, 이는 모두 산업 역학 및 시장 성장에 영향을 미칩니다. 주요 기업들은 경쟁 포지셔닝 전략을 개발하고, 기술 혁신에 투자하고, 엄격한 식품 안전 요건을 준수함으로써 이러한 어려움을 극복해야 합니다. 그러나 이로 인한 가격 압박과 경영상의 어려움은 시장 진출기업에게 수익성과 시장 역학을 변화시키는 큰 도전이 되고 있습니다. 이러한 문제를 이해하고 대처하는 것은 식용유 제조업체가 변화하는 시장 환경에 효율적으로 대응하고 장기적인 성장을 유지하는 데 도움이 될 수 있습니다.
Rising population and urbanization rates are major drivers of the growing need for edible oils. As more people live in cities, there is a greater demand for convenient and processed food products which drives up the demand for edible oils used in food processing, cooking, and baking. Furthermore, as earnings rise particularly in developing nations, people tend to vary their diets include additional fats and oils, thereby increasing demand by enabling the market to surpass a revenue of USD 6.17 Billion valued in 2024 and reach a valuation of around USD 10.44 Billion by 2032.
The edible oil market is expanding rapidly due to a combination of reasons such as population growth, shifting dietary tastes, the expansion of the food processing industry, and technical advancements. With a compound annual growth rate that reflects its growing importance in the global economy, the edible oil industry offers several prospects for manufacturers, retailers, and investors alike. However, resolving issues like as sustainability, price volatility, and regulatory compliance will be critical to maintaining the industry's development path and ensuring its long-term viability by enabling the market to grow at a CAGR of 7.50% from 2026 to 2032.
Edible Oil Market: Definition/ Overview
Edible oil is an essential component of modern diets with applications ranging from cooking to nutrition. Edible oils derived from a variety of plant and animal sources are high in fat and include important fatty acids required for human health. This comprehensive book will research into the complexities of edible oils including their various varieties, production processes, nutritional profiles, and cooking uses. To begin, it's important to understand the various sources of edible oils. Plant-based oils are derived from seeds, nuts, fruits, and grains with the most prevalent types being olive, soybean, sunflower, canola, palm, coconut, and maize oils.
Palm oil consumption has steadily increased in recent years owing to its versatility and distinctive properties. With its smooth and creamy texture, great cooking qualities, and neutral odor, palm oil has become a popular choice in a variety of industries including food, cosmetics, and biofuels. This spike in demand is expected to accelerate the growth rate of the global palm oil market. According to a 2021 research released by 'The Conversation', palm oil is the most extensively utilized vegetable oil in the globe outperforming all other alternatives. One of the key reasons for its appeal is its lower cost when compared to other oils.
Despite its broad use and economic benefits, the palm oil business has received scrutiny and criticism for environmental and social concerns. The spread of oil palm plantations has been connected to deforestation, habitat loss, and biodiversity degradation across Southeast Asia and parts of Africa. Concerns have also been expressed about the effects of palm oil production on indigenous populations, labor practices, and land tenure rights. Efforts to address these challenges have resulted in the creation of sustainability initiatives, certification programs, and responsible sourcing procedures designed to promote environmentally and socially responsible palm oil production.
The growing demand for palm oil shows its unparalleled adaptability, cost-effectiveness, and distinct qualities. Palm oil has a wide range of applications from its smooth texture and great frying characteristics to its ubiquitous use in food, cosmetics, and biofuels. While its popularity continues to grow addressing the environmental and social issues related with its manufacturing is critical. By fostering sustainable methods and responsible sourcing, stakeholders can ensure that palm oil contributes to economic development while having a minimal detrimental impact on the environment and local populations.
The rising competitiveness and pricing constraints in the edible oils market present substantial problems for industry participants. As consumers become more discriminating and demanding, businesses must spend in R&D to provide products that fit changing preferences and lifestyles. This can include creating healthier formulas looking at alternative oil sources, or including value-added features like organic or sustainably sourced ingredients. However, these efforts frequently necessitate significant investments reducing profit margins and necessitating cautious pricing tactics to remain competitive while retaining profitability.
The influence of regulatory compliance on production processes and expenses may eventually trickle down to consumers in the form of higher pricing for edible oil. As businesses incur higher expenditures to meet regulatory obligations and maintain quality standards, they may pass these costs on to customers through pricing increases. This in turn can influence consumer purchasing behavior especially in price-sensitive economies where affordability is a key factor in decision-making. Thus, while regulatory measures are critical for safeguarding food safety and public health, they can also provide difficulties for both industry actors and consumers.
The edible oils market is characterized by fierce rivalry, shifting customer tastes, and regulatory difficulties all of which influence industry dynamics and market growth. Major corporations must address these difficulties by developing competitive positioning strategies, investing in innovation, and assuring compliance with severe food safety requirements. However, the resulting price pressures and operational difficulties present considerable challenges for industry participants altering profitability and market dynamics. Understanding and addressing these problems will help edible oil producers efficiently respond to changing market conditions and sustain long-term growth.
The palm oil market is expanding rapidly driven mostly by customer tastes and nutritional changes. This market offers a wide range of edible oils such as palm oil, vegetable oil, sunflower oil, olive oil, and others to meet a variety of culinary needs and tastes. One prominent trend influencing market dynamics is the growing consumption of fried meals which has resulted in an increase in demand for edible oils across several categories.
The increased awareness of environmental and social sustainability issues is influencing customer choices in the edible oil sector. Sustainable sourcing techniques, worries about deforestation, and the environmental impact of palm oil production are driving customers to seek out sustainably produced oils or alternatives with smaller ecological footprints. This trend is pushing innovation in the edible oil business with companies looking into sustainable farming methods investing in certification programs, and developing eco-friendly packaging options.
The rising popularity of fried foods is a major driver of growth in this area of the edible oil industry. Different oils cater to a wide range of frying applications with differing flavors, textures, and nutritional profiles. While vegetable oil and sunflower oil dominate the deep frying market, palm oil and olive oil also play significant roles in addressing consumer demands. However, despite the development prospects given by the fried food trend, customers must consider the health, environmental, and social consequences of their choices and industry stakeholders must prioritize sustainability and responsible sourcing procedures.
The ongoing development and expansion of retail networks around the world is one of the key drivers of retail growth. The expansion of supermarkets, hypermarkets, convenience stores, and online retail platforms has dramatically increased consumer access to a diverse selection of edible oil products. This enhanced accessibility not only allows for more consumer choices but it also increases market demand by making edible oils more widely available.
The retail industry benefits from a variety of socio-cultural elements that influence consumer behavior and purchasing habits. Dietary habits, food traditions, and taste preferences varied significantly among areas and demographic groupings resulting in a broad need for edible oils. Olive oil, for example is widely used in Mediterranean cuisines due to its distinct flavor and health benefits while soybean oil is popular in Asian cooking due to its versatility and cost.
The retail segment is critical in driving the growth and expansion of the global edible oil market. Factors such as the expansion of retail networks, higher food yields, oil production, and developing economies all contribute to the sector's dominance and success. Understanding and responding to changing consumer preferences, lifestyle trends, and socio-cultural factors allows retailers and edible oil producers to capitalize on chances for development and innovation in this dynamic and competitive market environment.
The Asia-Pacific (APAC) region is an active hub for the edible oils market with a high concentration of both multinational conglomerates and local manufacturers. This dynamic terrain is fueled by a number of critical elements that contribute to the region's impressive economic trajectory. For starters, the APAC region has a large population which makes it a substantial market base for edible oils. Individuals across the region are prioritizing health and wellbeing as disposable incomes rise and living standards improve resulting in increased awareness of the benefits of ingesting edible oils. This increased consciousness has resulted in an increase in demand for healthier cooking oils such as those high in unsaturated fats or enriched with key elements.
The APAC region is experiencing significant industrialization and urbanization as well as a growing food processing sector. As Asian and other developing economies grow, so does demand for processed meals and convenience products. Edible oils are vital ingredients in a variety of food processing applications including frying, baking, and taste enhancement which drives demand for these goods. Furthermore, the region's great culinary diversity drives demand for a diverse spectrum of edible oils each catering to a unique flavor profile and cooking style.
Therefore, population expansion, rising disposable incomes, increased health consciousness, and expanding food processing industries are all driving the APAC region to become a vibrant and thriving market for edible oils. The region's various culinary traditions combined with the versatile applications of edible oils in both the food and non-food industries help to maintain its growth momentum. India is a vital actor in the APAC scene accounting for a significant portion of worldwide edible oil production and consumption. As the region evolves and urbanizes, there are several potential for both domestic and international firms to capitalize on rising demand for edible oils and seek new paths for market expansion.
The North American market is expected to grow significantly within the global edible oils industry throughout the forecast period. Several significant causes contribute to this growth trajectory, the most notable of which is the increasing use of edible oils in the cosmetic and beauty product business. The use of edible oils in cosmetics and beauty products has grown in recent years owing to customer desires for natural and sustainable components. Coconut, argan, and jojoba oils have gained recognition for their moisturizing, nourishing, and revitalizing characteristics making them popular ingredients in skincare, haircare, and personal care products.
The increased global output of soybeans is driving the expansion of the global edible oils market. Soybean output has increased significantly in recent years, with bumper crops especially noticeable in major producing countries like the United States and Brazil. The abundance of soybeans has resulted in inventory accumulation which has increased the market availability of soy-derived edible oils. Soybean oil known for its versatility and nutritional value is still used as a staple component in a variety of food products including cooking oils, processed meals and condiments.
The North American market is expected to emerge as a prominent growth driver in the global edible oils sector owing to increased use in the cosmetic and beauty product industry and the presence of major industry players in the region. Despite obstacles such as trade tensions and shifting demand patterns for soybean products, the market remains dynamic and resilient, thanks to continued innovation, diversification, and strategic alliances.
The edible oil market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the edible oil market include:
Archer Daniels Midland Company
Borges International Group
Cargill, Incorporated
Bunge Limited
Associated British Foods PLC
Wilmar International Limited
Louis Dreyfus Company
Aceitera General Deheza SA.
American Vegetable Oils, Inc.
United Plantations Berhad
Sime Darby Plantation Berhad
Golden Agri-Resources Ltd.
Adani Wilmar Limited
The Nisshin OilliO Group, Ltd.
Richardson Intemational Limited
Hebany
In May 2021, Cargill joined with Frontline International to develop the Kitchen Controller, an automated oil management solution. Frontline International's Smart Oil Management technology and Cargill's foodservice experience and knowledge of oil quality were combined to provide a cutting-edge solution for foodservice operators to manage oil intelligently.
In February 2022, Alfa Laval purchased Desmet, a global leader in edible oil and biofuel processing