Asia-Pacific Fats and Oil Market - Growth, Trends, and Forecasts (2017 - 2022)

  • ID: 4402740
  • Report
  • 80 pages
  • Mordor Intelligence
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  • Angel Yeast Co. Ltd
  • Biorigin
  • Cargill
  • Crystal Pharma
  • Dsm
  • Kerry Group Plc
  • MORE
Market Insights

The Asia-Pacific oil and fats market is expected to register a CAGR of 5% during the forecast period (2017-2022), and projected to reach USD 1.5 billion by 2022.

Asia-Pacific occupies the largest share in the oil and fats sector in terms of production, as well as consumption. The primary driver regarding consumption is its use in cooking and food processing. On the production front, Southeast Asian countries, such as Indonesia and Malaysia, lead with an 85% share of the global production. The highest production is that of palm oil and a majority of it is produced in Indonesia and Malaysia.

Terravia and Bunge have announced seafood export, to bring algaprime™ DHA to the EU animal nutrition market.

Market Dynamics

There has been a rise in the consumption of processed foods and ready-to-rink beverages, which is driving the oils and fats market. At present, the Asia-Pacific energy drinks market is dominated by Japan, with a share of 30.4%. However, the market continues to grow. The Asia-Pacific food processing machinery market was worth over USD 16 billion, in 2015, and is expected to reach USD 25 billion by 2020, with a high CAGR of 9%, placing it ahead of the rest of the world.

Market Segmentation

The market has been segmented by source type, application, and geography.

Fish oil has emerged as an ideal health nutrient for animals and humans, owing to the high concentration of essential fatty acids such as EPA and DHA. It is largely used in aquaculture applications as a key ingredient in aqua feed. Asia-Pacific has emerged as a dominant market for fish oil consumption, owing to the huge concentration of the aquaculture industry in China, India, Vietnam, and Indonesia. Moreover, the rising health concerns among consumers have led to the usage of fish oil as nutritional supplement in developed countries, such as Japan and Australia.

Regional Analysis

In 2015, the Asia-Pacific fats and oils market accounted for the maximum revenue growth in the global fats and oils market, of which Indonesia accounted for 18%, followed by China at 14%.

The growing affluence of China's middle-class is allowing consumers to purchase high-priced packaged oils and fats. The ban on loose oils and fats in some Chinese cities has led to a growth in the demand for packaged oils. Vegetable and seed oils are perceived to be healthier and preferred by consumers. Olive oil, in particular, has had the highest growth rate due to its perceived health benefits. Retail sales of olive oil was USD 186.2 million in 2013 and is expected to continue to register a CAGR of 22%, over the next four years. Canola oil is also increasing in popularity.

Capital Activities

Bunge Agribusiness Singapore Pt Ltd, a wholly owned subsidiary of Bunge Ltd, and Oleo-Fats, Inc (OFI), a wholly owned subsidiary of D&L Industries, have entered into distribution agreements for the food service, retail, and food processing industries in the Asia-Pacific region.

India's top edible oil importer, Ruchi Soya, saw the country's USD 8 billion branded oil market grow by 15%, in 2015.

Key Deliverables in the Study

Market analysis for the Asia-Pacific oil and fats market, with region-specific assessments and competition analysis.

Market definition along with the identification of key drivers and restraints.

The identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the global market.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the Asia-Pacific oil and fats market.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insight about the major players in the industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
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  • Angel Yeast Co. Ltd
  • Biorigin
  • Cargill
  • Crystal Pharma
  • Dsm
  • Kerry Group Plc
  • MORE
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions

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 Processed foods Shift towards usage of Unsaturated fats in Cooking Demand for Biodiesel
3.1.2 Restraints Health related issues Adulteration of Fats & Oil Products
3.1.3 Opportunities Emerging Applications of Fats and 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
4.3 By Application
4.3.1 Animal oil
4.3.2 Foods Bakery and Confectionary Processed foods
4.3.3 Feed
4.3.4 Industrial Cosmetics Paints Biofuel Lubricants and greases Pharmaceutical
4.4 By Geography
4.4.1 Asia-Pacific China India Japan Australia Others

5. Competitive Landscape
5.1 Strategy adopted by Key players
5.2 Most Active Companies in the past Five years
5.3 Market Share Analysis

6. Company Profiles
6.1 Adani Group
6.2 Oleo-fats, Inc.
6.3 Wilmar Group
6.4 Cargill, Inc
6.5 Ruchi soya
6.6 GEF India
6.7 SSD oil Mills
6.8 United Plantations Berhad
6.9 Astra Agro Lestari
6.10 International Foodstuff Company Holdings Limited (IFFCO)
6.11 ConAgra Foods Limited
6.12 PT Astra Agro Lestari Terbuka
6.13 Fuji oil
6.14 Peerless foods
6.15 Bakels Group

7. Appendix
7.1 Disclaimer
7.2 Sources
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  • Treatt Plc
  • Kerry Group Plc
  • Döhler Group
  • D.D. Williamson & Co. Inc.
  • Ashland Inc.
  • Sensient Technologies Corporation
  • Dsm
  • Chr. Hansen
  • Cargill
  • Archer Daniels Midland Company (Adm)
  • Synergy Flavors
  • Suboneyo Chemicals Pharmaceuticals
  • Kothari Fermentation and Biochem Ltd.
  • Wild Flavors
  • Gnt
  • Angel Yeast Co. Ltd
  • Crystal Pharma
  • Biospringer
  • Biorigin
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Note: Product cover images may vary from those shown