Global Specialty Fats and Oils Market to Reach $4 Billion by 2030
The global market for Specialty Fats and Oils estimated at US$2.6 Billion in the year 2022, is projected to reach a revised size of US$4 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Specialty Oils, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Specialty Fats segment is readjusted to a revised 6.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $699.3 Million, While China is Forecast to Grow at 9.7% CAGR
The Specialty Fats and Oils market in the U.S. is estimated at US$699.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$903.5 Million by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.Select Competitors (Total 53 Featured) -
- Bunge Limited
- Cargill, Incorporated
- DandL Industries
- Fuji oil co. , ltd.
- IFFCO
- IOI Corporation Berhad
- Mewah Group
- Musim Mas Holdings Pte. Ltd.
- The Nisshin OilliO Group, Ltd.
- Wilmar International Ltd
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bunge Limited
- Cargill, Incorporated
- DandL Industries
- Fuji oil co. , ltd.
- IFFCO
- IOI Corporation Berhad
- Mewah Group
- Musim Mas Holdings Pte. Ltd.
- The Nisshin OilliO Group, Ltd.
- Wilmar International Ltd
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 99 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2.6 Billion |
Forecasted Market Value ( USD | $ 4 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |