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North America Fats and Oil Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4402737
  • Report
  • January 2019
  • Region: North America
  • 115 pages
  • Mordor Intelligence
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  • ADM
  • Alnor Oil
  • Arista Industries
  • Cargill, Incorporated
  • ConAgra Foods
  • NOF Group
  • MORE
Market Insights

In 2015, the United States had private labels promoted by leading retail vendors of cooking and salad oils. Their sales amounted to almost USD 750 million in the same year. Organic oils and fats have found their place in the competitive environment. Vegetable oils are a healthier alternative as they contain more unsaturated fatty acids than animal fats. A recent survey revealed that olive oil, vegetable oil, and pure canola oil are most frequently used in households for preparing salads or cooking.

Market Dynamics

Changing dietary habits, improving living standards, and increasing consumer preference for healthy edible oils are factors expected to drive the growth of the North American edible oils market during the forecast period. The increasing number of health-conscious consumers and growing awareness about food contents with trans-fats, partially hydrogenated oils (PHOs) that are responsible for various chronic diseases, and cholesterol are the factors fueling demand for edible oils. Edible oil manufacturers are adopting new processing techniques, like cold pressinare, and are introducing new edible oil products in the market that are healthier and have a balanced fatty acid profile.

Market Segmentation

The North American fats and oil market has been segmented by source type, application, and geography. In North America, olive oil dominates the pourable oil category with a 37% share. The success of the olive oil sales reflects the consumers’ understanding of the oil as a healthy choice and that the oil contains good fats and cancer-fighting polyphenols. Olive oil is safe and effective for high-temperature cooking, such as frying and sautéing; it can even be used for baking. Its wide variety of potential uses make olive oil a product that can be promoted to an array of store consumers.

Regional Analysis

The United States has the highest consumption of fats and oils in North America, followed by Canada and Mexico. The United States’ consumption of olive oil comes mostly from California. In 2015, the country generated sales amounting to almost USD 750 million. In Canada, canola oil is a huge business, with 90% of their produce exported. Canola oil consumption of Canada, in 2014, was 789,900-tons, out of 1.27 million tons of total vegetable oil consumption.

Key Developments
  • Jan 2017 - Bunge has announced plans to build a soybean processing plant to expand its production capacity in the Eastern part of the United States. Locations, such as Ohio and Indiana, are under final consideration for the new facility.
  • May 2017- ConAgra Foods has struck a USD 285 million deal to sell its Wesson edible oil to J. M Smucker in the process of re-engineering its portfolio.
  • March 2017- Cargill, in partnership with Wild Asia, has helped 141 independent oil palm smallholder farmers in Perak to receive the Roundtable on Sustainable Palm Oil (RSPO) certification under the Wild Asia Group Scheme (WAGS).
The major players - ADM, Ag Processing, Inc., Alnor Oil, American International Foods, Inc., Ampak, Inc., Arista Industries, Bunge Limited, Cargill, Incorporated, CBS Food Products Corp., ConAgra Foods, Ingredion, Incorporated, NOF Group, Polar Foods International, Inc., Saumweber, and Sunora Foods, among others.

Reasons to Purchase the Report:
  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market shares of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report:

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Note: Product cover images may vary from those shown
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  • ADM
  • Alnor Oil
  • Arista Industries
  • Cargill, Incorporated
  • ConAgra Foods
  • NOF Group
  • MORE
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition

2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation

3. Market Overview
3.1 Market Dynamics
3.1.1 Drivers Increase in Consumption of Olive Oil Hike in Consumption of Processed Foods and Confectionery Use of Novel Approaches
3.1.2 Restraints Health Maintenance Adulteration of Fats & Oil Products
3.1.3 Opportunities Emerging Applications of Fats & Oils as Substitutes of Trans-fats Biotechnological Intervention
3.1.4 Porter's Five Forces Analysis Bargaining Power of Suppliers Bargaining Power of Buyers Threat of New Entrants Threat of Substitute Products and Services Degree of Competition

4. Market Segmentation
4.1 By Type
4.1.1 Chemical Structure Saturated Fats Unsaturated Fats
4.1.2 Dietary Requirement Essential Fats Non-Essential Fats
4.2 By Source
4.2.1 Vegetable Oil Palm Oil Soybean Oil Sunflower Oil Cotton Oil Coconut Oil
4.2.2 Oilseed Oil Linseed Oil Sesame Oil Castor Oil
4.2.3 Animal Oil
4.3 By Application
4.3.1 Foods Bakery & Confectionary Processed Foods
4.3.2 Feed
4.3.3 Industrial Cosmetics Paints Biofuel Lubricants and Greases Pharmaceutical
4.4 By Geography
4.4.1 North America US Canada Mexico Rest of North America

5. Competitive Landscape
5.1 Strategy Adopted by Key Players
5.2 Most Active Companies
5.3 Market Share Analysis

6. Company Profiles
6.1 ADM
6.2 ConAgra Foods
6.3 Bunge Limited
6.4 Cargill, Incorporated
6.5 Arista Industries
6.6 Sunora Foods
6.7 Polar Foods International, Inc.
6.8 Saumweber
6.9 NOF Group
6.10 Ag Processing, Inc.
6.11 Ingredion, Incorporated
6.12 CBS Food Products Corp.
6.13 American International Foods, Inc.
6.14 Alnor Oil
6.15 Ampak, Inc.

7. Appendix
7.1 Disclaimer
7.2 Sources
Note: Product cover images may vary from those shown
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  • ADM
  • ConAgra Foods
  • Bunge Limited
  • Cargill, Incorporated
  • Arista Industries
  • Sunora Foods
  • Polar Foods International, Inc.
  • Saumweber
  • NOF Group
  • Ag Processing, Inc.
  • Ingredion, Incorporated
  • CBS Food Products Corp.
  • American International Foods, Inc.
  • Alnor Oil
  • Ampak, Inc.
Note: Product cover images may vary from those shown
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