Edible oil co-products and by-products market is an essential ingredient for a wholesome and balanced diet and are vital items of mass consumption. The organic cooking oil sector is largely used for cooking as well as cosmetic purposes.
Edible oil co-products and by-products market is increasing due to environmental concern. Where there is a huge demand for eco-friendly, biodegradable products with natural ingredients. Today world is moving to better cooking mediums like vegetable oil for health and wellness reasons. The edible oil refinery has always placed somewhere between food and medicine and the biggest challenge to educate consumers on the benefits. Today, the domestic oil consumption is seen rising 25% annually.
Scope & Regional Forecast of the Edible Oil Co-Products and By-Products Market :
Edible oil co-products and by-products market continues to be interpenetrated and thereby holds immense business opportunities in the regions of Asia-Pacific. Vegetables food oil consumption has increased due to rise in overall household income, surging retail sector, increasing health awareness, growing population and increasing demand. There is also a high demand for dried soap market across the Middle East. The product has a strong hygiene habit and is focused on preventing the spread of various viruses and bacteria.
The continual increase in the count of fast food joints and restaurants and the substantial growth in the various vegetable oil industry, have also added significantly to this growing demand in the recent times. Over the next few years, the increasing research and development activities are on the merge of leading to the production of oil with very low fat content and additional nutrients.
Edible oil co-products and by-products market, Asia-Pacific is one of the largest producers of oilseeds in the world and this sector occupies an important position in the agricultural economy and accounts for an estimated production. North America and Europe food oil brands are the upcoming market holders, those in terms of production and product sales revenue. The marketplace has gained significantly from these advancements and the escalating affluence of consumers in the region in the recent past and is expected to continue benefiting over the forthcoming years.
Segmentations & Key Players Involved in the Edible Oil Co-Products and By-Products Market :
According to IndustryARC findings, the Edible Oil Co-Products and By-Products Market can be broken down into various segmentations on the basis of –
Product: Dried Soap Stock, Hard Oil Fatty Acid Distillate, Pure Soft Oil Fatty Acid Distillate, Mixed Soft Oil Fatty Acid Distillate, Pure Acid Oil, Palmitic Acid, Stearic Acid, Sludge, Earth Distillate and Others.
End-Use: Animal Feed, Soaps and Detergent, Tocopherol, Personal Care Products and Intermediate Chemical.
Geography: Europe, Asia Pacific, North America and Rest of the World.
Some of the key players involved in the Edible Oil Co-Products and By-Products Market according to IndustryARC are as follows:
IOI Corporation Berhad
Fuji Oil Co.
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