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Type: PDF
Status: Syndicate
Categories: Consumer Goods
Report Code : CG23
No. of Pages : 150
Cooking oils and fats are organic substances which are an essential part of the diet, and have various applications in different industries as well. Commonly, fats are in solid form, and oils are in liquid form owing to chemical properties at room temperature. The cooking oils and fats are having various applications such as in various food industries personal care industry, animal feed and others.
Growth in the consumption of cooking oils and fats in households in food services propels the cooking oils and fats market. Moreover, the rise in the global population has resulted in increase in consumption of cooking oils and fats; which is also boosting the growth of the cooking oils and fats market during the forecast period. The rising number of hotels and restaurants, fast food centers and quick service restaurants are few other factors driving the growth of the market. Apart from this, the adverse impact of the Trans fats due to over consumption will limit the market.
The market for Cooking oils and fats is intensely competitive and is highly fragmented. The vendors in the Cooking oils and fats market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Unilever PLC, Cargill, Inc, International Foodstuff Company Limited, United Plantations Berhad, Wilmar International Limited, Archer Daniels Midland Company, Associated British Foods, Bunge Limited, CHS Inc, ConAgra Foods Inc, Marico, Mother Dairy, IBT Foods Limited, Ruchi Soya Industries Limited, Rasoya Protein Limited.
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