Edible Oil

Edible Oils are defined as “Food substance, other than a dairy product, of whatever origin, source, composition that is manufactured for human consumption wholly or in part from a fat or oil other than that of milk.”

Market Trends

The global fortified edible oils market accounted for USD 11.02 billion in 2018 and is expected to reach USD 14.79 billion by 2026, growing at a CAGR of 3.7% between 2019 and 2026.

The global edible oil market is anticipated to witness a substantial growth owing to increasing popularity of unrefined, unprocessed, healthy, and organic oil. In the following years, vegetable oils with low cholesterol, fat, and calories are likely to gain high response due to growing health awareness among people across the world.

Vegetable oils consumption has increased in developing countries due to increasing demand from growing population, surging retail sector, and rise in overall household income. Furthermore, manufacturers of edible oils are opting for advanced processing technologies to offer healthier and affordable types of oil.

reGIONal INSIGHTs

The market for edible oil can be segmented on the basis of type, end-users, and geography.

Geographically, edible oil market can be segmentated into:

• North America: largest market
• Europe
• Asia-Pacific: fastest growing market
• Middle East and Africa
• Latin America

CFT Group Solution

CFT Group, among its wide range of fillers, includes specific monoblocks for edible oil filling, weight fillers, piston fillers and complete end of line systems composed of secondary packaging equipment and automatic and semi-automatic palletizing and depalletizing systems, together with premium robotic pick and place solutions.

Source:
mordorintelligence.com
credencesearch.com