Press Release

North America Fats and Oils Market to Reach 36.60 Million Tonnes; Soybean Oil to Emerge Dominant in Future

The increasing demand for processed and convenience food products in North America is boosting the regional fats and oils market, says Fortune Business Insights in their new report. The report is titled ” North America Fats and Oils Market: Global Market Analysis, and Forecasts, 2019 – 2026”.

According to the report, the market is anticipated to reach 36.60 million tonnes from 25.92 million tonnes, rising at a CAGR of 4.5% within the forecast period of 2019 to 2026. The market is expected to witness faster growth on account of rising consumption of healthy oils such as olive oil, rapeseed oil, and others.

Get Sample PDF [email protected] https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/north-america-fats-oils-market-100873

Nevertheless, rising health consciousness among people and the augmenting trend of health-conscious diet are anticipated to fuel demand for healthy oils and fats that will further bring lucrative growth opportunities for the market in the long run.

By Source

Vegetable

  • Soybean Oil
  • Canola Oil
  • Corn Oil
  • Palm Oil
  • Coconut Oil
  • Palm Kernel Oil
  • Olive Oil
  • Cottonseed Oil
  • Sunflower Oil
  • Peanut Oil
  • Safflower Oil
  • Sesame Oil
  • Linseed Oil
  • Castor Oil

Animal

  • Lard
  • Tallow
  • Fish Oil
  • Butter

By Application

  • Food
  • Non-food Use

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Increasing Adoption of Unsaturated Fats and Oils to Boost Market

The oils and fats market in North America is witnessing growth due to diverse factors. These include the rising adoption of unsaturated oils and fats such as rapeseed and canola by food processing and food service industries. Also, the rise in healthcare expenditure of people living in Canada and the U.S is fueling the demand for oils and fats in North America. Since oils and fats are important ingredients for preparing various food products, it has a huge demand in the market. Fats and oils are often used to improve the texture, appearance, and flavor of the food item when used in appropriate amount. These factors also expected to boost North America oils and fats market revenue.

The unhealthy lifestyle of people and their uncertain diet patterns may hamper the overall fats and oils market in North America. Meanwhile, coconut oil is considered as a rich source of fatty acid that is immune to various pathogens such as bacteria.

About the author

Thomas Fultz

Thomas handles the column depicting food products. He has worked as a product manager before and knows his words very well. His writing flows like water with the ease of reading; his way of writing is effortless and straightforward. In his free times, he loves to talk a walk in the lawn to refresh his mind. He has recently completed 5 years in our organization.

Add Comment

Click here to post a comment

Herald

Herald is the next generation WordPress magazine theme, featuring a fully flexible header with 3 customizable areas and an easy-to-use module builder for unlimited layout combinations

[mks_button size="small" title="Find out more" style="squared" url="http://mekshq.com" target="_blank" bg_color="#0288D1" txt_color="#FFFFFF"]