Press Release

North America Fats and Oils Market to Rise Steadily at 4.5% CAGR; Advent of Natural Oils and Fats is Boosting Market, says Fortune Business Insights

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”.

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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.

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.

Browse Complete Report Details @

https://www.fortunebusinessinsights.com/industry-reports/north-america-fats-oils-market-100873

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

Presence of Omega-3 and Omega-6 Fatty Acids in Oils and Fats is a Key Factor Driving North America Fats and Oils Market Growth

Based on application, the food application segment is likely to hold more than 2/3rd share of the market. This is because of the increasing demand for fats and oils from the food and beverage industries in the region. Use of fats and oils in food applications is anticipated to rise at a steady 3.22% CAGR in the forecast duration.

On the other side, the soybean oil segment is anticipated to dominate North America fats and oils market in terms of vegetable oils, with an approximate share of 50%. This is owing to the high use of soybean oil for food as well as industrial applications. Likewise, the demand for corn oil and canola oil is also anticipated to witness decent growth in the coming years because of the presence of micronutrients such as omega-3 and omega -6 fatty acids in them. This segment is likely to grow at a CAGR of 6.06% in the foreseeable future.

Some of the Main Key Players Covered in the Report:

  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Bunge North America
  • Ag Processing, Inc.
  • Riceland Foods
  • Incobrasa Industries
  • Perdue Farms
  • Louis Dreyfus Company
  • Viterra Inc.
  • Associated British Foods Plc (ABF)

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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.

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