At 5.4% CAGR, the Asia Pacific Edible Oils and Fats Market is Projected to be Worth US$ 26,975.16 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Asia Pacific edible oils and fats market was valued at US$ 18,638.32 million in 2023 and is expected to reach US$ 26,975.16 million by 2030, registering a CAGR of 5.4% from 2023 to 2030. Adoption of microencapsulation technology and strategic development initiatives by manufacturers are among the critical factors attributed to the Asia Pacific edible oils and fats market expansion.

Microencapsulation is a technique in which one or more substances are surrounded or immobilized by one or more materials and protected from biotic and abiotic factors. It is an effective technology that protects fatty acids and associated vitamins from oxidative degradation. Several microencapsulation methods include spray drying, freeze drying, complex coacervation, and ionic gelation. Microencapsulation provides a controlled release of flavor at the right place and at the desired time. It protects active ingredients (flavors) from moisture, acid, heat, oxidation, and ingredient interaction. Thus, microencapsulated flavors are highly shelf-stable, making them more desirable over other formats. Edible oils are utilized in many applications such as food additives, nutritional supplements, and pharmaceutical formulations. However, their low oxidative stability can restrict their usage. Microencapsulation is a well-established method for preserving oil against degradation. It offers protection against external factors during storage, controls the release of active ingredients, and enhances durability. Thus, the rising adoption of microencapsulation technologies owing to their beneficial properties is expected to create a new trend in the Asia Pacific edible oils and fats market in the future.

On the contrary, increasing prices of edible oils hampers the growth of Asia Pacific edible oils and fats market.

Based on type, the Asia Pacific edible oils and fats market is bifurcated into oils and fats. The oils segment held 67.6% share of the Asia Pacific edible oils and fats market in 2023, amassing US$ 12,597.64 million. It is projected to garner US$ 18,568.63 million by 2030 to expand at 5.7% CAGR during 2023–2030. The fats segment is further subsegmented into butter, margarine, palm oil based shortening, vegetable oil based shortening, and others. The oils segment is further subsegmented into soybean oil, sunflower oil, palm oil, canola oil/rapeseed oil, and others.

By application, the Asia Pacific edible oils and fats market is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals. The food and beverages segment held 75.6% share of the Asia Pacific edible oils and fats market in 2023, amassing US$ 14,084.59 million. It is projected to garner US$ 20,412.21 million by 2030 to expand at 5.4% CAGR during 2023–2030.

Based on country, the Asia Pacific edible oils and fats market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of Asia-Pacific held 38.3% share of Asia Pacific edible oils and fats market in 2023, amassing US$ 7,129.44 million. It is projected to garner US$ 9,754.26 million by 2030 to expand at 4.6% CAGR during 2023–2030.

Key players operating in the Asia Pacific edible oils and fats market are AAK AB, Archer-Daniels-Midland Co, Bunge Ltd, Cargill Inc, ConnOils LLC, Fuji Oil Co Ltd, J-Oil Mills Inc, Kao Corp, Louis Dreyfus Co BV, and Olam Group Ltd, among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com