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Vegetable Fats Market Trends

  • Report ID: GMI2161
  • Published Date: Nov 2023
  • Report Format: PDF

Vegetable fats Market Trends

As health-conscious consumers seek to reduce their saturated fat intake and embrace cleaner diets, vegetable fats such as avocado oil, coconut oil, and olive oil are gaining significant traction. These fats are lauded for their potential health benefits, including heart health and weight management, and are being incorporated into a wide range of food products. The rise of plant-based diets, driven by environmental and ethical concerns, has added to market demand, as vegetable fats often play a central role in plant-based culinary creations.

Another significant trend in the vegetable fats market is the emphasis on sustainability and responsible sourcing. Consumers are increasingly seeking products with eco-friendly and socially responsible attributes. In response, many companies are investing in sustainable farming practices and transparent supply chains to meet these demands.

For instance, in June 2022, Unilever and Genomatica announced the launch of a $120m venture to scale alternative ingredients. The venture a to advance the commercialization and expansion of plant-based alternatives in everyday cleaning and personal care products, which can effectively replace conventional feedstocks such as palm oil and fossil fuels. The paradigm shift toward environmental consciousness and ethical business practices will drive the market outlook in the coming years.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of vegetable fats is set to grow at 5% CAGR during 2023 to 2032, led by the increasing awareness of health and wellness among consumers.

The coconut segment is witnessing high demand and will register more than 6.5% CAGR through 2032, backed by product’s versatile applications in food & beverages sector as consumers are increasingly seeking natural and healthier alternatives in their diets.

Asia-Pacific market is set to witness 5.5% CAGR through 2032, favored by the increasing population, rising disposable incomes, and changing dietary preferences.

Archer Daniel Midland Company, Unilever PLC, IFFCO, Conagra Foods, Carapelli Firenze, and Richardson Oilseeds Ltd.

Vegetable Fats Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 290
  • Countries covered: 23
  • Pages: 300
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