Global edible oils market has been witnessing growth over the past few years. Edible oils consist of healthy fats that are essential part of daily diet as these provide energy and support cell growth. Factors such as increasing health consciousness among consumers, rising disposable incomes, changing lifestyle and food habits boosts demand for edible oils globally. However, fluctuating prices of crops and growing awareness about usage of GMO oils may hinder the market growth.
Market Dynamics:
Global edible oils market has been witnessing steady growth owing to several factors such as increasing applications in food industry, growing urbanization, and changing consumption patterns. However, high dependency on agricultural commodities for raw material supply makes market prices volatile. Fluctuating crop yields due to variable climate conditions pose risk of supply disruptions. Moreover, growing health concerns regarding trans-fat and genetically modified oils along with availability of substitutes like olive and coconut oils can hamper the market growth. Meanwhile, demand for organic and non-GMO oils presents new opportunities for market players. Innovation in processing technologies and emergence of novel product varieties catering to diverse cuisine types can drive the market growth.
Key Features of the Study:
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