Asia Pacific Edible Oil And Fats Market Size & Outlook
The edible oil and fats market in Asia Pacific is expected to reach a projected revenue of US$ 268,527.0 million by 2030. A compound annual growth rate of 7.5% is expected of Asia Pacific edible oil and fats market from 2023 to 2030.
Asia Pacific edible oil and fats market highlights
The Asia Pacific edible oil and fats market generated a revenue of USD 150,501.3 million in 2022.
The market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
In terms of segment, edible oil was the largest revenue generating product in 2022.
Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
Market revenue in 2022
USD 150,501.3 million
Market revenue in 2030
USD 268,527.0 million
Growth rate
7.5% (CAGR from 2022 to 2030)
Largest segment
Edible oil
Fastest growing segment
Edible Oil
Historical data covered
2017 - 2021
Base year for estimation
2022
Forecast period covered
2023 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Edible Oil, Edible Fats
Key market players worldwide
Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group
Other key industry trends
In terms of revenue, Asia Pacific region accounted for 32.4% of the global edible oil and fats market in 2022.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Europe is the fastest growing regional market and is projected to reach USD 181,843.7 million by 2030.
The edible oil & fats market in the Asia Pacific region is positively impacted by changes in lifestyle, rising disposable income, and increased consumer knowledge of the advantages of a healthy diet. One of the key factors propelling the growth of the edible oil market is the rise in consumer inclination for nutritional enhancements.
The transition to a healthy and innovative approach brought about by the rising trend of living a healthy lifestyle has a positive impact on the market. The prevalence of obesity among the population is rising, which has an additional impact on the market.
Dieticians and nutritionists are recommending the use of organic edible oils & fats in the daily diet for weight loss. All the above-mentioned factors drive the growth of the edible oil & fats market in the Asia Pacific region.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Edible Oil And Fats Market Outlook will help companies and investors design strategic landscapes.
Edible Oil was the largest segment with a revenue share of 75.38% in 2022.
Horizon Databook has segmented the Asia Pacific edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
The edible oil & fats market in the Asia Pacific region is positively impacted by changes in lifestyle, rising disposable income, and increased consumer knowledge of the advantages of a healthy diet. One of the key factors propelling the growth of the edible oil market is the rise in consumer inclination for nutritional enhancements.
The transition to a healthy and innovative approach brought about by the rising trend of living a healthy lifestyle has a positive impact on the market. The prevalence of obesity among the population is rising, which has an additional impact on the market.
Dieticians and nutritionists are recommending the use of organic edible oils & fats in the daily diet for weight loss. All the above-mentioned factors drive the growth of the edible oil & fats market in the Asia Pacific region.
Asia Pacific Edible Oil And Fats Market Product Outlook (Revenue, USD Million , 2018-2030)
Edible Oil
Edible Fats
Asia Pacific Edible Oil And Fats Market Source Outlook (Revenue, USD Million , 2018-2030)
Natural
Synthetic
Asia Pacific Edible Oil And Fats Market Nature Outlook (Revenue, USD Million , 2018-2030)
Organic
Conventional
Asia Pacific Edible Oil And Fats Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
Offline
Online
Asia Pacific Edible Oil And Fats Market End-use Outlook (Revenue, USD Million , 2018-2030)
Food & Beverages
Personal Care & Cosmetics
Biofuel & Energy
Pharmeceutical
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Edible Oil And Fats Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Edible Oil And Fats Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Edible Oil And Fats Market, 2018-2030 (US$M)