Edible Oils Market, By Types (Palm Oil, Soybean Oil, Sunflower Oil, Olive Oil, Corn Oil, Canola Oil, Speciality Blended Oil, Other oil), By End User (Foodservice, Food Processor, Retail), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Edible oil is edible animal, plant, or synthetic fat usually used in baking, frying, and many other forms of cooking. It is sometimes also used as a preservative in foods and in flavorings not involving heat such as bread drizzling and salad dressings. This type of fat is versatile because it can be used to add flavor, thickness, or a fragrance to almost any food.
Market Dynamics:
Increasing demand for organic edible oil and rapid growth in the food sector is driving growth of the edible oil. For instance, in November 2017, Organic India has introduced 5 new organic products recently, which include Apple Cider Vinegar, Mustard Oil, Pomegranate Vinegar, Sesame Oil and Stevia. Similarly, in September 2020, Dabur forays into edible oil market, launches ‘Dabur Cold Pressed Mustard Oil
On the other hand, changing food safety rules is expected to hinder growth of the edible oil market.
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