DUBLIN--(BUSINESS WIRE)--The "North America Fats and Oil Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
In 2015, the United States had private labels promoted by leading retail vendors of cooking and salad oils. Their sales amounted to almost USD 750 million in the same year.
Changing dietary habits, improving living standards, and increasing consumer preference for healthy edible oils are factors expected to drive the growth of the North American edible oils market during the forecast period.
The increasing number of health-conscious consumers and growing awareness about food contents with trans-fats, partially hydrogenated oils (PHOs) that are responsible for various chronic diseases, and cholesterol are the factors fueling demand for edible oils.
Edible oil manufacturers are adopting new processing techniques, like cold pressinare, and are introducing new edible oil products in the market that are healthier and have a balanced fatty acid profile.
In North America, olive oil dominates the pourable oil category with a 37% share. The success of the olive oil sales reflects the consumers understanding of the oil as a healthy choice and that the oil contains good fats and cancer-fighting polyphenols.
The US has the highest consumption of fats and oils in North America, followed by Canada and Mexico.
Notable Developments
- Bunge has announced plans to build a soybean processing plant to expand its production capacity in the Eastern part of the United States. Locations, such as Ohio and Indiana, are under final consideration for the new facility.
- ConAgra Foods has struck a USD 285 million deal to sell its Wesson edible oil to J. M Smucker in the process of re-engineering its portfolio.
- Cargill, in partnership with Wild Asia, has helped 141 independent oil palm smallholder farmers in Perak to receive the Roundtable on Sustainable Palm Oil (RSPO) certification under the Wild Asia Group Scheme (WAGS).
Key Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- ADM
- AG Processing Inc.
- Arista Industries
- Bunge Limited
- Cargill Incorporated
- CBS Food Products Corp.
- ConAgra Foods
- Ingredion Incorporated
- NOF Group
- Polar Foods International Inc.
- Saumweber
- Sunora Foods
For more information about this report visit https://www.researchandmarkets.com/research/3qd968/the_fats_and_oil?w=4
