Home / Food & Beverage / Premium Frying Oil Market by Type (Canola Oil, Olive Oil, Sunflower Oil, Peanut Oil , Avocado) by Distribution Channel (Online, Hypermarket/Supermarkets, Retailers, Others) : Global Industry Size, Share, Statistics and Forecast 2015 - 2027

Premium Frying Oil Market by Type (Canola Oil, Olive Oil, Sunflower Oil, Peanut Oil , Avocado) by Distribution Channel (Online, Hypermarket/Supermarkets, Retailers, Others) : Global Industry Size, Share, Statistics and Forecast 2015 - 2027

Published Date: Jan 2022
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Report ID: 60479
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Report Format: PDF
Food & Beverage
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Pages: 120
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Rating: 4.2 (24)

Premium Frying Oil Market Analysis

The premium frying oil market will register a high growth rate due to the health benefits of vegetable oils and the rapid growth of the processed food industry. Also, the growing size of the world’s population means that the demand for premium frying oil will continue to rise in the next decade.

premium-frying-oil-market

Oilseeds comprise one of the fastest-growing sectors in agriculture and are one of the most widely traded commodities across the globe.

Vegetable oil is obtained by crushing oilseeds, and it is used mainly utilized in culinary applications.

Over the past few decades, there has been a modernization of traditional diets due to which more vegetable oils are being used around the world. The premium frying oil market will thus expand steadily over the next few years.

Global Premium Frying Oil market is expected to witness CAGR of 7.07% during the forecast period. The revenue generated by the global Premium Frying Oil market in 2020 was over USD 14,061.52 million and expected to generate revenue worth USD 25,427.66 million in 2027. The incremental growth opportunity offered by the global Premium Frying Oil is estimated to be USD 149 billion between 2021 and 2027.     

Interesting Facts about Premium Frying Oil Industry

  • Canola, Avocado and Olive Oils are considered as most premium frying oils
  • Premium Frying Oil lends an astonishing boost to the fried food
  • Premium Frying Oil is sometime also used an alternative to liquid butter
  • Olive and Canola oils contain lowest level of linoleic acid
  • S., Italy, France, UK, and Germany are leading markets for Premium Frying Oil

String Demand from America

Vegetable oils are being increasingly used for industrial applications as well. One of the most important applications is biofuel production. The U.S. and South America currently dominate the global production of soybeans. Malaysia and Indonesia continue to be top producers of palm oil. Australia and Canada are the major producers of canola oil.

Besides the US, there are other key players in the premium frying oil market like the EU, India, Argentina, China, and Brazil. From the demand perspective, China is currently one of the biggest consumers of vegetable oils, and it thus has a major influence on oilseed prices.

The Asia Pacific region is a major consumer of vegetable oils. The rapidly expanding population, increased demand for biodiesel, urban expansion, and increasing non-food industrial applications are the key reasons for the growth of the premium frying oil market.

A little over half of the world’s population is present in Asia. The massive population base and increasing income levels boost the demand for premium frying oils. Palm oil production is rapidly increasing due to growing palm tree plantations in Indonesia and Malaysia. Canola, soybean and palm oil are commonly used in the Asia Pacific region.

Asia is also a major producer of groundnut, coconut, cottonseed, and palm kernel oil. As a result, the Asia Pacific region is the second biggest producer of oilseeds across the globe.

Besides olive oil, other major vegetable oils, including coconut oil, palm kernel, sesame, corn, sunflower, cotton, canola, groundnut, palm, and soybean oil, have a significant share in the premium frying oil market.

In Singapore, Thailand, and Malaysia, oleo-chemical usage and biofuels are responsible for a significant part of vegetable oil consumption. Government regulations are driving the demand for biodiesel consumption. Petroleum is being increasingly substituted by palm oil to enhance sustainability and biodegradability.

The demand for premium vegetable oils is increasing in the industrial and food markets. Hence, premium frying oil will continue to have increased demand over the next decade.

In developed nations, some of the biggest vegetable oil producers are undergoing vertical integration to improve their control over the supply chain. In the European market, suppliers are increasingly shifting to specialty products.  Online, Hypermarket/Supermarkets, Retailers and Others are some of the major distribution channels of Premium Frying Oil. Supermarkets and retailers dominate the sales of Premium Frying Oil with over 60% share in 2020.

Calyxt, Cargill, Wilmar International Limited, Borges International Group, Bunge Limited, Deoleo, Sunrora Foods, Archer Daniels Midland Company and COFCO Group are some of the leading players in global Premium Frying Oil market.

Frequently asked questions about global Premium Frying Oil industry

Likewise other industries, COVID 19 also taken a toll on Premium Frying Oil market with around 11.84% decline in 2020 in its revenue as compare to 2019

North America is the largest regional market with highest share in the total volume of Premium Frying Oil consumed in 2020

Ever increasing demand for healthier food and growing health awareness among end-users

Canola oil segment dominated the Premium Frying Oil market in 2020 with over 15% share in 2020

Supermarkets and retailers are collectively holding largest shareof Premium Frying Oil in 2020

Premium Frying Oil Report Scope

Report Attribute Details
Market Value in 2020 USD 258.87 million
Market Value in 2027 USD 425.25 million
CAGR 6.12% between 2021 and 2027
Past data 2016 – 2019
Forecast period 2021 – 2027
Segments covered

Type

Canola Oil

Olive Oil

Sunflower Oil

Peanut Oil

Others

Distribution Channel

Online

Hypermarket/Supermarkets

Retailers

Others

Major Players Analysed Calyxt, Cargill, Wilmar International Limited, Borges International Group, Bunge Limited, Deoleo, Sunrora Foods, Archer Daniels Midland Company and COFCO Group
Regional scope North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)
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