The latest market report published by Credence Research, Inc. “Global Premium Frying Oil Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The Global Premium Frying Oil Market generated revenue of around USD 14,061.52 million in 2020 and is anticipated to grow a CAGR of over 7.07% during the forecast period from 2021 to 2027 to reach around USD 25,427.66 million in 2027. While, cumulative growth opportunity presented by the global Premium Frying Oil is around USD 149 billion during 2021 to 2027.
Global Premium Frying Oil Market, 2020 – 2027 (USD Million)
Premium frying oils are nothing but edible oils derived from more premium oil seeds such as Olive, Canola, Avocado, etc. Olive and Canola contain lowest % of linoleic acid. Lower level of linoleic acid makes them perfectly suitable for frying. Moreover, Premium Frying Oils provides fried food with extraordinary flavor, texture and tastes because of its decreased rate of oil absorption.
Growing Awareness Among End-users
Premium Frying Oils are growing in popularity across the world on the account of several health benefits offered by them. Increasing health awareness among end-users, especially in Europe and north America coupled with higher purchasing power parity in the regions is fueling the demand for Premium Frying Oil. Premium Frying Oil are best suitable oils for frying food and hence health conscious people are preferring the Premium Frying Oil consumption.
Canola Oil to Retain Its Popularity
Canola Oil, Olive Oil, Sunflower Oil, Peanut Oil, etc. are some of the leading types of Premium Frying Oils. Canola oil is most widely used type of Premium Frying Oil. It held over 15% share in Premium Frying Oil revenue generation in 2020. While, Olive oil is also expected to be a choice of end-users over the forecast period. On the other hand, Avocado oil is expected to exhibit strong CAGR over the forecast period.
Supermarkets and Retailers to Dominate
Online, Hypermarket/Supermarkets, Retailers and Others are major distribution channels for Premium Frying Oil industry. Supermarkets and retailers are most dominant distribution channels and likely to keep their dominance over the forecast period. However, online channel is projected to acquire increasing market share during the next few years.
North America and Europe are largest regions for Premium Frying Oil consumption with over 30% and 25% share in total revenue generation in 2020 respectively. However, Asia Pacific is also expected to advance at an attractive CAGR over the forecast period. Calyxt, Cargill, Wilmar International Limited, Borges International Group, Bunge Limited, Deoleo, Sunrora Foods, Archer Daniels Midland Company and COFCO Group are some of the major players in global Premium Frying Oil industry.
Global Premium Frying Oil Market by Type, 2015 – 2027
- Canola Oil
- Olive Oil
- Sunflower Oil
- Peanut Oil
Global Premium Frying Oil Market by Distribution Channel, 2015 – 2027
Global Premium Frying Oil Market by Company, 2015 – 2027
- Wilmar International Limited
- Borges International Group
- Bunge Limited
- Sunrora Foods
- Archer Daniels Midland Company
- COFCO Group