Latin America Edible Oil And Fats Market Size & Outlook
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Edible Oil And Fats Market Outlook
- Consumer Food & Beverages
Latin America Edible Oil And Fats Market, 2018-2030 (US$M)
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Latin America edible oil and fats market highlights
- The Latin America edible oil and fats market generated a revenue of USD 47,019.4 million in 2022.
- The market is expected to grow at a CAGR of 7.4% 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, Colombia is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 47,019.4 million |
| Market revenue in 2030 | USD 83,109.6 million |
| Growth rate | 7.4% (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, Latin America region accounted for 10.1% 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 market is primarily driven by the wide range of food sector applications in the manufacturing of bakery, dairy, confectionery, and other goods, as well as its industrial application in the manufacturing of paints and coatings, biodiesel, animal feeds, fatty acids, plastics additives, lubricants and greases, cosmetics, soaps, pharmaceuticals, etc.
The use of edible oil & fats in food products has increased due to the rising demand for ingredients derived from plants. According to a study published by the Good Food Institute (GFI), the market for plant-based food products in Central & South America was estimated to be worth about USD 800 million in 2020.
Governments are revising their policies and enacting laws to prohibit the use of partly hydrogenated edible oils and fats and their byproducts due to the numerous heart risks associated with them. As palm oil maintains its hold on the market in South America, nations like Colombia are shifting toward producing it sustainably by obtaining certification from the Roundtable on Sustainable Palm Oil.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Associated British Foods PLC | View profile | 133,000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | www.abf.co.uk |
| Archer-Daniels Midland Co | View profile | 41,802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | www.adm.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| Grain Processing Corporation | View profile | 1001-5000 | Muscatine, Iowa, United States, North America | www.grainprocessing.com/ |
| Bunge Global SA | View profile | 23,000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | www.bunge.com |
| Nisshin Oillio Group Ltd | View profile | 3,357 | 1-23-1, Shinkawa, Chuo-ku, Tokyo, Japan, 104-8285 | www.nisshin-oillio.com |
| Kaneka Corp | View profile | 13,284 | 3-2-4, Nakanoshima, Kita-ku, Osaka, Japan, 530-8288 | www.kaneka.co.jp |
| Adani Wilmar | View profile | 1001-5000 | Ahmedabad, Gujarat, India, Asia | www.adaniwilmar.com/ |
| Borges | View profile | 51-100 | Reus, Catalonia, Spain, Europe | www.borges.es |
| Apetit Group | View profile | 501-1000 | Helsinki, Southern Finland, Finland, Europe | apetit.fi |
Latin America Edible Oil And Fats Market Outlook
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 Latin America edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
The market is primarily driven by the wide range of food sector applications in the manufacturing of bakery, dairy, confectionery, and other goods, as well as its industrial application in the manufacturing of paints and coatings, biodiesel, animal feeds, fatty acids, plastics additives, lubricants and greases, cosmetics, soaps, pharmaceuticals, etc.
The use of edible oil & fats in food products has increased due to the rising demand for ingredients derived from plants. According to a study published by the Good Food Institute (GFI), the market for plant-based food products in Central & South America was estimated to be worth about USD 800 million in 2020.
Governments are revising their policies and enacting laws to prohibit the use of partly hydrogenated edible oils and fats and their byproducts due to the numerous heart risks associated with them. As palm oil maintains its hold on the market in South America, nations like Colombia are shifting toward producing it sustainably by obtaining certification from the Roundtable on Sustainable Palm Oil.
- Latin America Edible Oil And Fats Market Product Outlook (Revenue, USD Million , 2018-2030)
- Edible Oil
- Edible Fats
- Latin America Edible Oil And Fats Market Source Outlook (Revenue, USD Million , 2018-2030)
- Natural
- Synthetic
- Latin America Edible Oil And Fats Market Nature Outlook (Revenue, USD Million , 2018-2030)
- Organic
- Conventional
- Latin America Edible Oil And Fats Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Offline
- Online
- Latin America 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 Latin America Edible Oil And Fats Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Edible Oil And Fats Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Edible Oil And Fats Market, 2018-2030 (US$M)
Latin America edible oil and fats market statistics, by product, 2017-2030 (US$M)
