Dallas, Texas (PRWEB) October 03, 2012
The global vegetable oil consumption is expected to grow from 151 million metric tons in 2011 to 171 million metric tons by 2017, at an estimated CAGR of 1.9% for the period 2012 to 2017. Many of the Asian companies are now building up their share in the market with the advent of palm and palm kernel oils across the globe.
This report analyses the vegetable oil market by geography, applications, and types of vegetable oils. By geography, the report is segmented into Asia-Pacific, Europe, North America, and Rest of the World. The vegetable oil type segment included in this report is based on major types. The applications covered in this report are food, non-food (industrial), and biodiesel feedstock. In various applications, the purpose of using vegetable oil is different, depending on the end-use and the functional characteristics of the vegetable oil and also on upstream factors like availability of type of vegetable oil and the commodity price it demands. The market is estimated from consumption side of the market.
This report estimates the market size of the global vegetable oil market both in terms of volume and value. It discusses market drivers, restraint and opportunity, raw material, and product price trends. It also includes value chain analysis, price analysis, and patent analysis. It also tracks the recent activities of market players in terms of product launches, expansion plans, supply contracts, and partnerships and collaborations. In addition, the top 20 players of the vegetable oil market have been profiled in this report.
Scope of Vegetable Oil Market report
By Geography: The report is divided in regions such as Asia-Pacific, Europe, North America, and Rest of the World; and major countries such as U.S., Germany, China, India, and Brazil
By Type: The report divides the vegetable oil on the basis of the commodity, which is derived from palm, palm kernel, soybean, rapeseed, sunflower oils, and others.
By Application: The vegetable oil market is divided by applications. The important applications considered in this report are food (baking and frying processes, salads and cooking oils, margarine and other spreads, processed and frozen foods, fatty ingredients and others), industrial (pharmaceuticals, cosmetics, lubricants, paints, and others), and biodiesel feedstock.
On the other hand, a new report World Flavors & Fragrances says worldwide demand for flavors and fragrances market -- including flavor blends, fragrance blends, essential oils, and aroma chemicals -- will rise 4.4 % annually through 2016, reaching $26.5 billion. Increasing packaged food manufacturing, especially of convenience products that require higher flavor usage, will drive fast growth in developing countries. Rising personal consumption expenditures in these emerging economies will also stimulate toiletry and cleaner shipments, which will contribute to healthy growth in fragrance blends. Increasing global interest in products that promote health benefits will also drive demand in both the food and beverage and cosmetics and toiletry markets, as masking flavors and fragrances are employed in conjunction with antioxidants and vitamins to reduce off-tastes and off-odors. Furthermore, efforts in developed countries to reduce calories, salt, and fat in foods will increase demand for flavors to improve the taste of those products.
Consumer trends favoring higher value products
Globally, there has been a rising interest in natural, organic, and more expensive products across a number of consumer markets, including food and beverages and toiletries and cleaners. Industry efforts to meet this demand will drive increased value consumption of nearly all types of flavors and fragrances, with the exception of aroma chemicals, which will be replaced by essential oils in certain product categories.
Food & beverage market to benefit from urbanization & health concerns
Rapidly rising incomes and urbanization in developing countries is spurring interest in convenient packaged foods and fast food, which will also boost growth in the food and beverage market, as packaged goods require high flavoring loadings to preserve taste in the face of large-scale manufacturing. This will lead to particularly fast growth in countries such as China and India in the Asia/ Pacific region, as well as countries in Central and South America. In developed countries, food and beverage flavor and fragrance demand will benefit from increasing customer interest in vitamin containing foods, which require flavors to mask the unpleasant taste of these ingredients, and growing concerns about obesity. Government programs to reduce calories, fats, and sodium in foods will favor healthier alternatives that generally require more flavors to preserve good taste. However, the long term impact of this effort will depend on consumer acceptance.
Company Profiles for 37 global players are covered in this report.
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