Australia Specialty Fats and Oils Market

Australia Specialty Fats and Oils Market, By Product (Specialty Oils (Corn Oil, Sunflower Oil, Soybean Oil, Palm Oil, Cottonseed Oil, Coconut Oil, Rapeseed Oil), Specialty Fats (Cocoa Butter Substitute, Cocoa Butter Equivalent, Cocoa Butter Replacers, Synthetic Cocoa Butter Fat, Human Milk Eat Substitute, Butter Oil Substitute); By Application (Chocolate & Confectionery, Bakery, Processed Food, Dairy, Cosmetics, Baby Food); By Form (Solid, Liquid Semi-liquid), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Australia Specialty Fats and Oils Market Size Set to Reach USD 40.91 Million by 2029

Australia specialty fats and oils market is rapidly growing due to increasing consumer demand for healthier and functional food products, rising awareness about the benefits of specialty fats and oils in various applications, and a growing focus on sustainable and locally sourced ingredients in the food industry.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Australia specialty fats and oils market size at USD 20.94 million in 2022. During the forecast period between 2023 and 2029, Australia specialty fats and oils market size is to grow at a steady CAGR of 9.47% reaching a value of USD 40.91 million by 2029. Growing consumer choice for healthier and more environmentally friendly solutions, which results in a preference for plant-based oils and fats, is a major element fueling the expansion of Australia's specialty fats and oils industry. People are looking for goods without artificial preservatives and additives on the labels. Due to the purported health advantages of functional oils, such as omega-3 fortified oils, the industry has also seen an increase in their appeal. Local sourcing and production have also received more attention as customers have shown a preference for homegrown products. As restaurants and cafés look for high-quality oils for culinary uses, the food service industry has been a big driver of growth.

Australia Specialty Fats and Oils Market – Overview


Specialty fats and oils refer to a diverse range of lipid-based products designed to meet specific application requirements in the food and non-food industries. These fats and oils are tailored for unique functionalities such as improving texture, stability, and taste, as well as providing health benefits. They find applications in various sectors including confectionery, bakery, dairy, cosmetics, and pharmaceuticals. Specialty fats and oils are produced through processes like fractionation, interesterification, and hydrogenation to modify their physical and chemical properties. With their versatility and customization options, specialty fats and oils play a vital role in enhancing product quality, innovation, and consumer satisfaction in a wide range of industries.

Impact of COVID-19 on Australia Specialty Fats and Oils Market

The COVID-19 pandemic significantly impacted the fats and oils market in Australia, causing disruptions and reshaping consumption patterns. The implementation of lockdown measures and social distancing restrictions resulted in changes in consumer behavior and preferences. With increased time spent at home, there was a surge in home cooking and baking, leading to a higher demand for cooking oils and fats. However, the closure of restaurants, cafes, and hotels resulted in a decline in the commercial sector's consumption. The industry also faced logistical challenges due to supply chain disruptions, affecting the availability and distribution of fats and oils across the country. Overall, COVID-19 has brought about a fundamental shift in the Australia fats and oils market, necessitating adaptation and flexibility.

Australia Specialty Fats and Oils Market – By Form

On the basis of form, Australia specialty fats and oils market is divided into Solid and Liquid Semi-liquid segments. The solid form is a larger segment in Australia specialty fats and oils market. The popularity and demand for specialty fats and oils in solid form, along with the various applications it offers in the food and industrial sectors, contribute to its dominant position. The liquid semi-liquid segment, though significant, holds a relatively small market share compared to the solid segment. The market's division allows for targeted strategies and product offerings to cater to the specific needs of each segment.

Competitive Landscape

Australia specialty fats and oils market is fiercely competitive. Major companies in the market include AAK AB, Bunge Limited, Cargill, Incorporated, IOI Corporation Berhad, Wilmar International Limited, Musim Mas Holdings Pte. Ltd., Archer Daniels Midland Company (ADM), Fuji Oil Holdings Inc., Premium Vegetable Oils Sdn Bhd (PVO), and 3F Industries Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Australia specialty fats and oils market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Australia Specialty Fats and Oils Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Australia Specialty Fats and Oils Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Australia Specialty Fats and Oils Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rising demand in the food industry
3.2.1.2. Increasing awareness of sustainable sourcing
3.2.2. Restraints
3.2.2.1. High cost products
3.2.3. Opportunities
3.2.3.1. Advancement in technology
3.2.4. Challenges
3.2.4.1. Stringent government regulations
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Australia Specialty Fats and Oils Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Product
4.2.1.1. Specialty Oils
4.2.1.1.1. Corn oil
4.2.1.1.2. Sunflower Oil
4.2.1.1.3. Soybean Oil
4.2.1.1.4. Palm Oil
4.2.1.1.5. Cottonseed Oil
4.2.1.1.6. Coconut Oil
4.2.1.1.7. Rapeseed Oil
4.2.1.2. Specialty Fats
4.2.1.2.1. Cocoa Butter Substitute
4.2.1.2.2. Cocoa Butter Equivalent
4.2.1.2.3. Cocoa Butter Replacers
4.2.1.2.4. Synthetic Cocoa Butter Fat
4.2.1.2.5. Human Milk Eat Substitute
4.2.1.2.6. Butter Oil Substitute
4.2.2. By Application
4.2.2.1. Chocolate & Confectionery
4.2.2.2. Bakery
4.2.2.3. Processed Food
4.2.2.4. Dairy
4.2.2.5. Cosmetics
4.2.2.6. Baby Food
4.2.3. By Form
4.2.3.1. Solid
4.2.3.2. Liquid Semi-liquid
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. Australia Specialty Fats and Oils Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Australia Specialty Fats and Oils Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. AAK AB
7.2. Bunge Limited
7.3. Cargill, Incorporated
7.4. IOI Corporation Berhad
7.5. Wilmar International Limited
7.6. Musim Mas Holdings Pte. Ltd.
7.7. Archer Daniels Midland Company (ADM)
7.8. Fuji Oil Holdings Inc.
7.9. Premium Vegetable Oils Sdn Bhd (PVO)
7.10. 3F Industries Limited
7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Australia Specialty Fats and Oils Segmentation
Figure 2 Australia Specialty Fats and Oils Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Australia Specialty Fats and Oils Market Size, By Value (USD Million), 2019–2029
Figure 5 Australia Specialty Fats and Oils Market Share, By Product, By Value, 2019–2029
Figure 6 Australia Specialty Fats and Oils Market Share, By Application, By Value, 2019–2029
Figure 7 Australia Specialty Fats and Oils Market Share, By Form, By Value, 2019–2029
List of Tables
Table 1 Australia Specialty Fats and Oils Market Size, By Value (USD Million), 2019–2029
Table 2 Australia Specialty Fats and Oils Market Size, By Product, By Value, 2019–2029
Table 3 Australia Specialty Fats and Oils Market Size, By Application, By Value, 2019–2029
Table 4 Australia Specialty Fats and Oils Market Size, By Form, By Value, 2019–2029
Table 5 AAK AB Company Overview
Table 6 AAK AB Financial Overview
Table 7 Bunge Limited Company Overview
Table 8 Bunge Limited Financial Overview
Table 9 Cargill, Incorporated Company Overview
Table 10 Cargill, Incorporated Financial Overview
Table 11 IOI Corporation Berhad Company Overview
Table 12 IOI Corporation Berhad Financial Overview
Table 13 Wilmar International Limited Company Overview
Table 14 Wilmar International Limited Financial Overview
Table 15 Musim Mas Holdings Pte. Ltd. Company Overview
Table 16 Musim Mas Holdings Pte. Ltd. Financial Overview
Table 17 Archer Daniels Midland Company (ADM) Company Overview
Table 18 Archer Daniels Midland Company (ADM) Financial Overview
Table 19 Fuji Oil Holdings Inc. Company Overview
Table 20 Fuji Oil Holdings Inc. Financial Overview
Table 21 Premium Vegetable Oils Sdn Bhd (PVO) Company Overview
Table 22 Premium Vegetable Oils Sdn Bhd (PVO) Financial Overview
Table 23 3F Industries Limited Company Overview
Table 24 3F Industries Limited Financial Overview

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