Other Oils And Fats Market Growth Prospect, Share, Demand and Competitive Landscape till 2028

Other Oils And Fats Market Growth Prospect,
Share, Demand and Competitive Landscape till
2028
“The increasing demand for a natural, healthy, and balanced diet is the major factor driving the market.
Moreover, the growing health consciousness among consumers and rising inclination towards consuming
essential nutrients are accelerating the market growth.”
Other Oils and Fats Market report offers the most up-to-date data on current market scenario, trends and future
outlook. This study provides numerous opportunities for market players to invest for research and development in
the market. It also provides a detailed evaluation of the industry by highlighting information on different aspects
which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make
appropriate decisions before investing.
Main Features of the Report:
To gain insightful analyses of the market and have comprehensive understanding of the global market and its
commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global
market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
Impact of COVID-19 on other oils and fats market.
The global other oils and fats market size is expected to reach USD 46.13 billion by 2028, according to a new
report by Million Insights. It is expected to expand at a CAGR of 4.8% from 2021 to 2028. The growing health
consciousness among consumers and rising inclination towards consuming essential nutrients are accelerating
the market growth. Furthermore, animal fats offer various health benefits as they are rich in fatty acids and
vitamins, which is expected to propel the industry demand over the forecast period.

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The increasing demand for multi-functional ingredients for making delicious food is projected to accelerate the
market growth over the forecast period. Moreover, the growing consumption of bakery and confectionery products
and processed food products is facilitating the growth of the market. However, excessive consumption of fats and
oils may affect human health and lead to high blood pressure, heart attack, and stroke, which may hinder the
market growth.
The COVID-19 pandemic had suspended the transportation services of other oils and fats for a short duration in
many countries. Closure of restaurants and commercial activities and various restrictions on the movement of
people have disrupted or stopped the supply chain of essential products by measures arising from COVID-19
restrictions. The increasing demand for animal fat after the COVID-19 pandemic has created opportunities for the
market players. Thus, the market is expected to witness healthy growth in the upcoming years.
The lard product segment is expected to exhibit the fastest CAGR of 5.1% from 2021 to 2028. The increasing
consumption of lard by developed economies for frying applications and as an alternative to shortening is
propelling the growth of this segment over the last few years. Moreover, the rising popularity of lard fats in central
European, Chinese, Mexican, and British cuisines, such as lardy cake and Christmas puddings, is accelerating the
market growth.
The online distribution channel segment is expected to register the fastest CAGR of 5.8% from 2021 to 2028. The
internet penetration rate has witnessed lucrative growth in recent years, which has led to the significant growth of
the e-commerce sector across the globe, thus accelerating the market growth. Moreover, an upsurge in product
sales through various company-owned websites and e-commerce platforms is expected to propel the segment
growth.
Europe held the largest revenue share of over 35.0% in 2020. This can be credited to the increased demand for
other oils and fats in cooking, baking, and frying applications in this region. The rapid change in the lifestyle and
taste of consumers who are more concerned about health and wellness is boosting the industry growth.
Additionally, the increasing demand for preserved and value-added fat products is propelling the market demand.

Other Oils & Fats Market Report Highlights
Europe held the largest share of more than 35.0% in 2020 owing to the changing eating behavior
of consumers
The lard product segment is expected to exhibit the fastest CAGR of 5.1% from 2021 to 2028 due
to the rising demand for cooking and frying applications
The offline distribution channel segment held the largest share of more than 80.0% in 2020 due
to a well-established distribution network across the globe
Asia Pacific is expected to register the fastest CAGR of 5.3% from 2021 to 2028 owing to the
changing lifestyles and rising urbanization
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Other Oils & Fats Market Segmentation
Million Insights has segmented the global other oils and fats market on the basis of product, distribution channel,
and region:
Other Oils & Fats Product Outlook (Revenue, USD Million, 2017 - 2028)
Lard
Other Animal Fats
Other Oils & Fats Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Offline
Online
Other Oils & Fats Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
U.S.
Europe
Germany

U.K.
France
Asia Pacific
China
Japan
India
Central & South America
Brazil
Middle East & Africa
South Africa
List of Key Players of Other Oils & Fats Market
Saria Se & Co. KG
Baker Commodities Inc.
Darling Ingredients Inc.
Ten Kate Holding B.V.
Cargill, Incorporated
York Foods Pty Ltd.
Aceities Borges Pont S.A.
Avena Nordic Grain Oy

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