Insights on the Global Fats and Oils Market to 2025 - Increasing Reliance on Natural Cosmetics and Personal Care Products - ResearchAndMarkets.com

DUBLIN--()--The "Fats and Oils Market - Growth Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global fats and oils market is projected to grow, witnessing a CAGR of 4.42% during the forecast period (2020-2025).

Fats and oils are being used extensively in food applications such as confectioners in the production of candies, and for polishing of confectionery products. Also, refined olive oil and coconut oil are increasingly being used for various bakery applications as it is bland in taste, thereby, allowing food to maintain its original flavor. Additionally, it does not exhibit any pungency, unlike mustard oil.

Fats and oils have gained prominence as feed products due to the health benefits posed by them for poultry and cattle. Fats and oils are high-energy supplements that ensure nutritional balance, while minimizing feed costs. Thus, these are added as feed products to reduce the incidence of bloat and energy density in feed.

Moreover, fats and oils are finding applications in various manufacturing areas. They are now being used in industries, such as paints, lubricants, and paper, as a sustainable method of production, without involving chemical ingredients.

Companies Mentioned

  • Cargill Incorporated
  • Bunge Limited
  • The Archer Daniels Midland Company
  • Wilmar International Limited
  • Olam International
  • Musim Mas Group
  • Fuji Oil Holding Inc.
  • Alami Commodities Sdn Bhd
  • Kuala Lumpur Kepong Berhad

Key Market Trends

Supportive Policies On Vegetable Oil-Usage In Various Countries

There have been considerable number of policies implemented by the authorities of several countries which support the production and consumption of vegetable oils, thus leading the market to grow. The European Union's consumption of vegetable oil for bio-fuel has been largely driven by the Renewable Energy Directive (RED). This directive, established in 2009, requires 10% of the energy consumption in road and rail transport, in 2020, to be generated from renewable sources. The EU member states (countries) are required to implement this target, along with their national laws and incentives, such as blending mandates. Palm oil contributes to around 20% of the production of bio-diesel (fatty acid methyl ester) and renewable diesel (hydro-treated vegetable oil) in the European Union. The other major feed-stocks for producing diesel substitutes are rapeseed, also used in cooking oils, and animal fats. Additionally, the amount of soybean oil used in bio-fuel production in the United States has been rising steadily, as a result of the RFS and the bio-diesel and renewable diesel tax credits, and this trend is likely to continue during the foreseeable future.

Increasing Reliance On Natural Cosmetics and Personal Care Products

Beauty and cosmetic products contain numerous detrimental ingredients and toxic chemicals. Around 90% of the approximately 13,000 chemicals used in cosmetic products are not FDA-approved. Furthermore, several tests conducted by organizations and associations indicated the presence of catastrophic heavy metals, such as lead, beryllium, thallium, and cadmium, which are branded as potential carcinogens and lead to serious health risks, including cancer, infertility, and Alzheimer's disease. Amidst rising concerns, consumers are increasingly shifting toward natural alternatives, in order to avoid using conventional beauty products, which has conclusively raised the demand for products formulated with natural ingredients, including specialty fats, such as cocoa and shea butter, for their excellent emollient properties. Moreover, the personal care industry has witnessed a substantial surge in the launch of products such as body butter, body moisturizers, and lipsticks, all comprising pure forms of shea and cocoa butter.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

3.1 Market Overview

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porters 5 Force Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Fats

5.1.1.1 Butter

5.1.1.2 Tallow

5.1.1.3 Lard

5.1.1.4 Specialty Fats

5.1.2 Oils

5.1.2.1 Soybean Oil

5.1.2.2 Rapeseed Oil

5.1.2.3 Palm Oil

5.1.2.4 Coconut Oil

5.1.2.5 Olive Oil

5.1.2.6 Cotton Seed Oil

5.1.2.7 Sunflower Seed Oil

5.1.2.8 Other Oils

5.2 By Application

5.2.1 Food

5.2.1.1 Confectionary

5.2.1.2 Bakery

5.2.1.3 Dairy Products

5.2.1.4 Other Foods

5.2.2 Industrial

5.2.3 Animal Feed

5.3 By Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Rest Of The World

6 COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Most Adopted Strategies

6.3 Market Share Analysis

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/75kd1z

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900