Fortified Edible Oils Market Size to Surpass USD 16.4 Billion by 2031, Expanding at a CAGR of 3.8%| TMR

The fortified edible oils market is rapidly growing, driven by increasing health awareness and demand for nutrient-enriched cooking oils globally.

WILMINGTON, DE, UNITED STATES, December 13, 2024 /EINPresswire.com/ -- The global fortified edible oils market has been witnessing significant growth, fueled by increasing health awareness and supportive government policies. Fortified edible oils, enriched with essential micronutrients such as vitamins A, D, and E, and omega-3 and omega-6 fatty acids, cater to the growing demand for high-quality, nutritious food products. These oils are vital for maintaining overall health, particularly for populations with dietary deficiencies. Valued at US$ 11.8 billion in 2022, the market is projected to expand at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2031, reaching US$ 16.4 billion by the end of 2031.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=50397

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗚𝗿𝗼𝘄𝘁𝗵

The fortified edible oils market is poised for robust growth over the next decade. With a valuation of US$ 11.8 billion in 2022, the market is anticipated to grow steadily, driven by a rising global emphasis on health and wellness. By 2031, the market is expected to reach US$ 16.4 billion, reflecting a CAGR of 3.8% during the forecast period. Key factors contributing to this growth include increasing awareness about the benefits of fortified oils, advancements in production technologies, and supportive government initiatives worldwide. These trends underscore a significant shift toward healthier dietary practices and a preference for nutrient-enriched food products.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

The competitive landscape of the fortified edible oils market is marked by the presence of several key players who are adopting innovative strategies to meet rising consumer demand. Prominent companies such as Bunge Limited, Nestlé S.A., Conagra Brands, Inc., Adani Wilmar Limited, and Ruchi Soya Industries Ltd. are leveraging advanced technologies like cold-pressing and refining to enhance product quality. These players are also focusing on expanding their product portfolios and investing in research and development to create innovative offerings. For instance, in 2021, Cargill acquired an edible oil refinery in Nellore, India, for US$ 35 million, significantly enhancing its production capacity and market footprint in southern India. Such strategic moves underscore the dynamic nature of the fortified edible oils industry.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

The fortified edible oils market is segmented based on product type, micronutrients, distribution channels, and regions.

𝗕𝘆 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗧𝘆𝗽𝗲: The market includes various types of oils such as palm oil, soybean oil, sunflower oil, olive oil, corn oil, canola oil, rice bran oil, and others. Palm oil and rice bran oil are gaining traction due to their widespread use and nutritional benefits.

𝗕𝘆 𝗠𝗶𝗰𝗿𝗼𝗻𝘂𝘁𝗿𝗶𝗲𝗻𝘁𝘀: Fortified edible oils are enriched with essential nutrients such as vitamin A, vitamin D, vitamin E, and others. These fortifications address critical micronutrient deficiencies, particularly in developing regions.

𝗕𝘆 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹: Distribution is segmented into hypermarkets/supermarkets, specialty retail stores, e-commerce, and other retail formats. The growing popularity of online shopping is contributing to the e-commerce segment’s expansion.

𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: The market is geographically segmented into North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

Asia Pacific dominated the fortified edible oils market in 2022 and is expected to maintain its leading position throughout the forecast period. Factors driving growth in this region include increasing population, rising disposable incomes, and growing awareness about healthy lifestyles. Government initiatives promoting the use of fortified oils further boost the market. For instance, India’s National Edible Oil Mission-Oil Palm (NMEO-OP) aims to achieve self-reliance in edible oil production. Similarly, regulations by the Food Safety and Standards Authority of India (FSSAI) allow higher levels of fortification in edible oils, enhancing their nutritional value. These measures are pivotal in driving market growth in the region.

𝗙𝘂𝘁𝘂𝗿𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

The future of the fortified edible oils market looks promising, with continued innovation and supportive policies expected to drive growth. Rising health awareness and increasing prevalence of lifestyle diseases such as obesity and cardiovascular conditions are likely to fuel demand for nutrient-enriched oils. Governments and non-governmental organizations are expected to intensify efforts to address micronutrient deficiencies, particularly in developing nations. Additionally, advancements in production technologies will enable manufacturers to meet the growing demand for high-quality oils efficiently. As consumer preferences continue to shift toward healthier and more nutritious options, the fortified edible oils market is poised for sustained growth, offering lucrative opportunities for stakeholders.

𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗢𝘂𝗿 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀! https://www.transparencymarketresearch.com/fortified-edible-oils-market.html

𝗚𝗼 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗯𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 –

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𝗔𝗯𝗼𝘂𝘁 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

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