Fats and oils are one of three kinds of substances collectively called as lipids. Fats, just like any other carbohydrate are made up for carbon, hydrogen and oxygen. One molecule of fat is formed by the union of glycerol with 3 units of fatty acids. Pure fats are odourless and tasteless. They are insoluble in hot and cold water and are only soluble in water after undergoing emulsification.
Fats and oils are widely accepted for use in food applications due to their functional properties. Several edible vegetable and animal oils, as well as fats, are used for various household cooking purposes and also food preparation in an industrial scale. They play an important role in food production as they are needed for determining the desired physiochemical and sensory attributes of food products such as a smooth, creamy texture and also giving a milky or creamy appearance. They also find applications in religion, cosmetics, painting, lubrication and as a fuel.
The major driver of the Asia-Pacific fats and oils market is the rising disposable incomes, especially in emerging markets. The growing demand for fast food and convenience food is also expected to further bolster the Asia-Pacific fats and oils market. The increase in population in the region, leading to an increased food consumption, and increased demand for high quality edible oil are other factors promoting the growth of the market. As for the restraints of the market, the regulations governing food safety and labelling issues are the main cause along with the high price of raw materials and growing health concerns due to excessive fats and oils consumption.
The Asia-Pacific Fats and Oils market is broadly classified into Palm, Sunflower, Olive, Soybean, Rapeseed and others based on product type. Based on application, they are classified as Food, Industrial, Personal Care, Animal Feed and Pharmaceutical. They are further classified into butter, ghee, lard and suet on the basis of animal fats. Based on form they are classified into solid and liquid and based on source they are classified into plants and animals. Based on geography, the Asia-Pacific market is divided into South Korea, India, China, Australia, Japan, Indonesia and rest of APAC. The Asia-Pacific market has the highest market revenue worldwide with it constituting more than a third of the total market share in 2016. The highly developing nature of the market is also evident from the high CAGR for the region since the scope for growth is maximum. Surprisingly, Indonesia has the highest market share among markets in the region while India and China are expected to have the highest growth rates.
Some of the major companies dominating the market, by their products and services include Cargill, Archer Daniels Midland Company, Bunge Limited, International Foodstuff Company Holdings Limited, Wilmar International, Associated British Foods, Ajinomoto, ConAgra Foods, Unilever PLC and United Plantations Berhad.
Asia-Pacific Fats and Oils Market Segmentation: Product Type: Introduction Palm Sunflower Olive Soybean Rapeseed Others Y-o-Y Growth Analysis, By Product Type Market Attractiveness Analysis, By Product Type Market Share Analysis, By Product Type
Application Introduction Food Industrial Personal Care Animal Feed Pharmaceutical Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
Form Introduction Liquid Solid Y-o-Y Growth Analysis, By Form Market Attractiveness Analysis, By Form Market Share Analysis, By Form
Sources Introduction Plants Animals Y-o-Y Growth Analysis, By Sources Market Attractiveness Analysis, By Sources Market Share Analysis, By Sources
Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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