Global Cooking Fat Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030
According to our (Global Info Research) latest study, the global Cooking Fat market size was valued at USD 217220 million in 2023 and is forecast to a readjusted size of USD 252980 million by 2030 with a CAGR of 2.2% during review period.
Cooking fat refers to any type of fat or oil that is used in the preparation of food during cooking or baking. Cooking fats play a crucial role in the culinary world, as they provide flavor, texture, and help conduct heat during the cooking process. Various types of fats and oils are used in cooking, each offering unique characteristics and culinary applications.
Common types of cooking fats include:
Vegetable Oils: Such as canola oil, sunflower oil, soybean oil, corn oil, and peanut oil.
Olive Oil: Including extra-virgin olive oil, virgin olive oil, and regular olive oil, which are widely used in Mediterranean cuisine.
Coconut Oil: Known for its distinct flavor and aroma, popular in various cuisines, especially in tropical regions.
Butter: A dairy-derived fat, commonly used in baking, sautéing, and as a flavor enhancer.
Ghee: Clarified butter with the milk solids removed, commonly used in Indian and Middle Eastern cooking.
Animal Fats: Such as lard (rendered pork fat) and duck fat, which add unique flavors to dishes.
The choice of cooking fat can impact the taste, aroma, and overall quality of the prepared dishes. Different cooking fats have different smoke points, which is the temperature at which the fat starts to smoke and break down. It is essential to select the appropriate cooking fat based on the cooking method to avoid burning or altering the taste of the food.
The cooking fat market is a significant segment of the food industry, influenced by various factors, including changing consumer preferences, health awareness, culinary trends, and production costs. Some key aspects of the cooking fat market are:
Health Consciousness: As consumers become more health-conscious, there is a growing demand for cooking fats perceived as healthier options, such as olive oil, avocado oil, and coconut oil. This has led to a shift away from saturated fats towards unsaturated fats.
Culinary Trends: Culinary trends and preferences influence the popularity of specific cooking fats. For example, the rise of Mediterranean and Middle Eastern cuisines has increased the demand for olive oil and ghee.
Packaging and Convenience: Packaging plays a role in the market, as consumers often prefer convenient and easy-to-use options. Cooking oils are commonly sold in various formats, including bottles, cans, and pouches.
Sustainable Sourcing: The trend towards sustainable and environmentally friendly products has led some consumers to seek cooking fats from sustainable and responsibly sourced ingredients.
Regional and Cultural Influences: Different regions and cultures have their traditional cooking fats, which influence the local market demand.
Brand and Marketing: Brand reputation and marketing campaigns can significantly impact consumer choices in the cooking fat market.
Competition: The cooking fat market is competitive, with multiple players vying for market share, leading to product innovation and price competitiveness.
Overall, the cooking fat market continues to evolve, driven by consumer preferences, health considerations, and culinary influences. As consumers seek a balance between taste, health, and convenience, the market is likely to witness further diversification and innovation in cooking fat offerings.
The Global Info Research report includes an overview of the development of the Cooking Fat industry chain, the market status of Bakery (Vegetable Fat, Animal Fat), Confectionery (Vegetable Fat, Animal Fat), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Cooking Fat.
Regionally, the report analyzes the Cooking Fat markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Cooking Fat market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Cooking Fat market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Cooking Fat industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Vegetable Fat, Animal Fat).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Cooking Fat market.
Regional Analysis: The report involves examining the Cooking Fat market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Cooking Fat market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Cooking Fat:
Company Analysis: Report covers individual Cooking Fat manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Cooking Fat This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Bakery, Confectionery).
Technology Analysis: Report covers specific technologies relevant to Cooking Fat. It assesses the current state, advancements, and potential future developments in Cooking Fat areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Cooking Fat market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Cooking Fat market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Vegetable Fat
Animal Fat
Mixed Fat
Market segment by Application
Bakery
Confectionery
Frying
Other
Major players covered
Crisco
Bunge
ADM
Cargill
Olenex
Zeelandia
Puratos
Princes Group
HAS Group
Cai Lan Oils&Fats Industries
Tuong An Vegetable Oil
Golden Hope Nha Be
Tan Binh Vegetable Oil
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cooking Fat product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cooking Fat, with price, sales, revenue and global market share of Cooking Fat from 2019 to 2024.
Chapter 3, the Cooking Fat competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cooking Fat breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Cooking Fat market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cooking Fat.
Chapter 14 and 15, to describe Cooking Fat sales channel, distributors, customers, research findings and conclusion.