Organic Edible Oil Market Overview
Report Coverage
The
report: “Organic Edible Oil Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of
the following segments of the Organic Edible Oil Market.
Key Takeaways
- Geographically, the Asia-Pacific Organic Edible Oil Market accounted for the highest revenue share in 2021. The growth is owing to high production of soybean and palm oil, heavy consumption of clean labeled RTE foods, rising living standards with improving GDP per capita incomes, and rising incidences of illnesses such as joint disorders and diabetes as a large chunk of the population in China and Japan is turning old.
- Expanding demand for non-GMO oil in cooking, rising living standards along health attentiveness among consumers are said to be preeminent drivers driving the growth of the Organic Edible Oil Market. Hampered supply because of the Ukraine-Russia war and pandemic restriction, recent export restrictions levied by Indonesia are said to reduce the market growth.
- Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Organic Edible Oil Market report.
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Organic Edible Oil Market Segment Analysis-By Type
The Organic Edible Oil Market based on the type can be further segmented into palm oil, olive oil, soybean oil, coconut oil, canola oil, sunflower oil, avocado oil, and others. The palm oil segment held the largest share in 2021. Palm has been conferred the title of most consumed oil across the world. Owing to the preservative effects of palm oil, it elongates the overall shelf life of food products. Moreover, as compared to other edible oil crops, palm oil crop requires nearly half the land which makes them more efficient. In addition to that, helps in controlling high blood pressure and cholesterol levels, weight loss, preventing vitamin A deficiency, reducing the risk of brain illnesses, and cyanide poisoning. Furthermore, palm along with soybean oil is estimated to be the fastest-growing segment with a CAGR of 11.4% over the forecast period 2022-2027. The growth in soybean oil demand is owing to versatility, high smoke point, and the rising quest of making renewable bio-diesel with the help it, moreover owing to health benefits associated with soybean oil such as strong bones and better skin, it has become the most consumed oil in the U.S.
Organic Edible Oil Market Segment Analysis-By Distribution Channel
The Organic Edible Oil Market based on distribution channels can be further segmented into offline and online. The offline segment held the largest share in 2021. The growth is owing to several advantages over online platforms such as no harsh prerequisites like all-weather network connection, smartphones, better connectivity, and a tech-friendly population. Therefore, offline platforms enjoy a more inclusive presence in both developed and underdeveloped areas. In addition to that, rapid modernization has heightened the presence of modern retail outlets like supermarkets and hypermarkets in developing nations such as India and China which are drawing the attention of consumers toward them by offering a one-stop solution, discount offers, sales assistance, and better marketing strategies. Nevertheless, the online segment is estimated to be the fastest-growing with a CAGR of 11.1% over the forecast period 2022-2027. This growth is owing to the rising adoption of e-commerce platforms because of the pandemic restrictions. Additionally, the rising trend of work from jobs subjects people to make online purchases as they are always running low on time and don’t get a chance to go outside. On another hand, rapid digitalization enhanced connectivity because of bettering infrastructure, a growing number of smartphone users is another major driver driving the consumers toward online platforms.
Organic Edible Oil Market Segment Analysis-By Geography
The Organic Edible Oil Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held the largest share with 41% of the overall market in 2021. The growth in this segment is owing to the factors such as the presence of the biggest vegetable oil-producing countries in the world. Indonesia (46,708 thousand metric tons production), China (24,919 thousand metric tons production), and Malaysia (24,781 thousand metric tons production) are top-3 producers across the globe. In addition to that, owing to heavy palm plantations, Indonesia is the biggest palm oil producer in the world. As a result, a major chunk of global edible oil exports is completely dependent upon Asia-pacific. Furthermore, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to growing health complications as the geriatric population is expanding rapidly, rising demand because of the humungous population, bettering retail infrastructure and living standards with the growing economic affluence of these countries.
Organic Edible Oil Market Drivers
Amending infrastructure in developing countries and rapid urbanization are anticipated to boost market demand.
With growing urbanization, the proliferating quality of life has made people more aware and proactive regarding their health. Moreover, the rapid migration of people from villages to metropolitan cities in search of employment has aided the aforementioned market in many ways. Nearly 55 percent of the world population is residing in urban areas as of now; the number is likely to reach 68 percent by 2060. In addition to that, bettering infrastructure in developing countries like India and China because of the innumerable flow of foreign direct investment and heavy spending by governments. For instance, in his recent visit to India, Japanese PM Fumio Kishida announced worth $42 billion investment in India for the next 5 years. Also, in August 2021, the Indian PM announced a 100 trillion-rupee ($1.5 trillion) plan to boost infrastructure inside the country.
Augmenting health illnesses is expected to boost market demand.
Owing to its antimicrobial, antioxidant, and antibacterial properties, organic edible oils extend several health benefits such as promoting heart health, skin care, oral health, reducing the risk of cancer, fighting asthma, stabilizing cholesterol levels, and preventing hair problems, treating Eczema, and many others. Therefore, as incidences of such health complications are increasing, so is the demand for organic edible oil. For instance, in 2021 over 350 million people worldwide were afflicted with joint disorder arthritis, on average CVD claims the lives of more than 17 million people, hair problems have become a headache for adults as well youngsters, and nearly 10.5 percent of the world population has diabetes and the figure is anticipated to reach 12 percent by 2045.
Organic Edible Oil Market Challenges
Export restrictions in Indonesia, and deteriorated supply and production because of the Russia-Ukraine conflict are Anticipated to hamper the market growth.
Ukraine is one of the biggest producers and exporters of sunflower oil and because of ongoing conflict has eliminated a prime player from the edible oil supply chain. In addition to that, harsh export measure set up by the Indonesian government has inflated the price of edible oil across the globe as Indonesia is the biggest producer of edible oil in the world. The government has asked that producers must set 20 percent of their total production or planned export aside for domestic sales.
Organic Edible Oil Industry Outlook:
Product
launches, mergers and acquisitions, joint ventures, and geographical expansions
are key strategies adopted by players in the aforementioned Market. Organic Edible Oil market top 10 companies include-
- Cargill
Incorporated
- Adams
Group
- Aryan
International
- Daabon
Organic
- The
J.M. Smucker Group
- Now
Foods
- EFKO
Group
- Henan
Lvda
- Cataia
Spagna
- Nutiva
Recent Developments
- On August 11, 2021, California United States-based Nutiva (a company known for its plant-based USADA certifies organic foods) announced the successful acquisition of Coconut Aminos brand “Coconut Secret” from US-based organic food and beverage manufacturer Leslie’s Organics (parent company of Nutiva). The acquisition is anticipated to strengthen the coconut oil business of Nutiva.
- On October 28, 2019, EFKO a renowned agro-industrial company in Russia that operates in vegetable oil, ketchup, and fermented-milk product business, and United Oil (a Singapore-based lubricant manufacturer) formed a vegetable oil production venture in Egypt. The total value of the joint venture stands around $300 million.
- On September 3, 2019, Illinois, United States-based Now Foods (a company known for its natural foods and oils) announced the successful acquisition of famous family-owned business SuperNutrition. The financials of the acquisition were not disclosed by the company; moreover, the acquisition is anticipated to strengthen Now’s portfolio.
Relevant Links:
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Adams Group Market 2019-2024 ($M) - Global Industry Research
1.2 Mizkan America Market 2019-2024 ($M) - Global Industry Research
1.3 NOW Foods Market 2019-2024 ($M) - Global Industry Research
1.4 Cargill Market 2019-2024 ($M) - Global Industry Research
1.5 Bunge Market 2019-2024 ($M) - Global Industry Research
1.6 The J.M. Smucker Company Market 2019-2024 ($M) - Global Industry Research
1.7 EFKO Group Market 2019-2024 ($M) - Global Industry Research
1.8 Spectrum Market 2019-2024 ($M) - Global Industry Research
1.9 Nutiva Market 2019-2024 ($M) - Global Industry Research
1.10 Eden Foods Market 2019-2024 ($M) - Global Industry Research
1.11 Enzo Olive Oil Market 2019-2024 ($M) - Global Industry Research
1.12 Catania Spagna Market 2019-2024 ($M) - Global Industry Research
1.13 Clearspring Market 2019-2024 ($M) - Global Industry Research
1.14 KORIN Agricultura Natural Market 2019-2024 ($M) - Global Industry Research
1.15 TIANA Fair Trade Organics Market 2019-2024 ($M) - Global Industry Research
2.Global By Soybean Oil Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Soybean Oil Market 2019-2024 ($M) - Global Industry Research
3.2 Canola Oil Market 2019-2024 ($M) - Global Industry Research
3.3 Peanut Oil Market 2019-2024 ($M) - Global Industry Research
3.4 Palm Oil Market 2019-2024 ($M) - Global Industry Research
3.5 Sunflower Oil Market 2019-2024 ($M) - Global Industry Research
3.6 Coconut Oil Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Adams Group Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Mizkan America Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 NOW Foods Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Cargill Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Bunge Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 The J.M. Smucker Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 EFKO Group Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Spectrum Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Nutiva Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Eden Foods Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Enzo Olive Oil Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 Catania Spagna Market 2019-2024 (Volume/Units) - Global Industry Research
4.13 Clearspring Market 2019-2024 (Volume/Units) - Global Industry Research
4.14 KORIN Agricultura Natural Market 2019-2024 (Volume/Units) - Global Industry Research
4.15 TIANA Fair Trade Organics Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Soybean Oil Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Soybean Oil Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Canola Oil Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Peanut Oil Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Palm Oil Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Sunflower Oil Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Coconut Oil Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Adams Group Market 2019-2024 ($M) - Regional Industry Research
7.2 Mizkan America Market 2019-2024 ($M) - Regional Industry Research
7.3 NOW Foods Market 2019-2024 ($M) - Regional Industry Research
7.4 Cargill Market 2019-2024 ($M) - Regional Industry Research
7.5 Bunge Market 2019-2024 ($M) - Regional Industry Research
7.6 The J.M. Smucker Company Market 2019-2024 ($M) - Regional Industry Research
7.7 EFKO Group Market 2019-2024 ($M) - Regional Industry Research
7.8 Spectrum Market 2019-2024 ($M) - Regional Industry Research
7.9 Nutiva Market 2019-2024 ($M) - Regional Industry Research
7.10 Eden Foods Market 2019-2024 ($M) - Regional Industry Research
7.11 Enzo Olive Oil Market 2019-2024 ($M) - Regional Industry Research
7.12 Catania Spagna Market 2019-2024 ($M) - Regional Industry Research
7.13 Clearspring Market 2019-2024 ($M) - Regional Industry Research
7.14 KORIN Agricultura Natural Market 2019-2024 ($M) - Regional Industry Research
7.15 TIANA Fair Trade Organics Market 2019-2024 ($M) - Regional Industry Research
8.North America By Soybean Oil Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Soybean Oil Market 2019-2024 ($M) - Regional Industry Research
9.2 Canola Oil Market 2019-2024 ($M) - Regional Industry Research
9.3 Peanut Oil Market 2019-2024 ($M) - Regional Industry Research
9.4 Palm Oil Market 2019-2024 ($M) - Regional Industry Research
9.5 Sunflower Oil Market 2019-2024 ($M) - Regional Industry Research
9.6 Coconut Oil Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Adams Group Market 2019-2024 ($M) - Regional Industry Research
10.2 Mizkan America Market 2019-2024 ($M) - Regional Industry Research
10.3 NOW Foods Market 2019-2024 ($M) - Regional Industry Research
10.4 Cargill Market 2019-2024 ($M) - Regional Industry Research
10.5 Bunge Market 2019-2024 ($M) - Regional Industry Research
10.6 The J.M. Smucker Company Market 2019-2024 ($M) - Regional Industry Research
10.7 EFKO Group Market 2019-2024 ($M) - Regional Industry Research
10.8 Spectrum Market 2019-2024 ($M) - Regional Industry Research
10.9 Nutiva Market 2019-2024 ($M) - Regional Industry Research
10.10 Eden Foods Market 2019-2024 ($M) - Regional Industry Research
10.11 Enzo Olive Oil Market 2019-2024 ($M) - Regional Industry Research
10.12 Catania Spagna Market 2019-2024 ($M) - Regional Industry Research
10.13 Clearspring Market 2019-2024 ($M) - Regional Industry Research
10.14 KORIN Agricultura Natural Market 2019-2024 ($M) - Regional Industry Research
10.15 TIANA Fair Trade Organics Market 2019-2024 ($M) - Regional Industry Research
11.South America By Soybean Oil Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Soybean Oil Market 2019-2024 ($M) - Regional Industry Research
12.2 Canola Oil Market 2019-2024 ($M) - Regional Industry Research
12.3 Peanut Oil Market 2019-2024 ($M) - Regional Industry Research
12.4 Palm Oil Market 2019-2024 ($M) - Regional Industry Research
12.5 Sunflower Oil Market 2019-2024 ($M) - Regional Industry Research
12.6 Coconut Oil Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Adams Group Market 2019-2024 ($M) - Regional Industry Research
13.2 Mizkan America Market 2019-2024 ($M) - Regional Industry Research
13.3 NOW Foods Market 2019-2024 ($M) - Regional Industry Research
13.4 Cargill Market 2019-2024 ($M) - Regional Industry Research
13.5 Bunge Market 2019-2024 ($M) - Regional Industry Research
13.6 The J.M. Smucker Company Market 2019-2024 ($M) - Regional Industry Research
13.7 EFKO Group Market 2019-2024 ($M) - Regional Industry Research
13.8 Spectrum Market 2019-2024 ($M) - Regional Industry Research
13.9 Nutiva Market 2019-2024 ($M) - Regional Industry Research
13.10 Eden Foods Market 2019-2024 ($M) - Regional Industry Research
13.11 Enzo Olive Oil Market 2019-2024 ($M) - Regional Industry Research
13.12 Catania Spagna Market 2019-2024 ($M) - Regional Industry Research
13.13 Clearspring Market 2019-2024 ($M) - Regional Industry Research
13.14 KORIN Agricultura Natural Market 2019-2024 ($M) - Regional Industry Research
13.15 TIANA Fair Trade Organics Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Soybean Oil Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Soybean Oil Market 2019-2024 ($M) - Regional Industry Research
15.2 Canola Oil Market 2019-2024 ($M) - Regional Industry Research
15.3 Peanut Oil Market 2019-2024 ($M) - Regional Industry Research
15.4 Palm Oil Market 2019-2024 ($M) - Regional Industry Research
15.5 Sunflower Oil Market 2019-2024 ($M) - Regional Industry Research
15.6 Coconut Oil Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Adams Group Market 2019-2024 ($M) - Regional Industry Research
16.2 Mizkan America Market 2019-2024 ($M) - Regional Industry Research
16.3 NOW Foods Market 2019-2024 ($M) - Regional Industry Research
16.4 Cargill Market 2019-2024 ($M) - Regional Industry Research
16.5 Bunge Market 2019-2024 ($M) - Regional Industry Research
16.6 The J.M. Smucker Company Market 2019-2024 ($M) - Regional Industry Research
16.7 EFKO Group Market 2019-2024 ($M) - Regional Industry Research
16.8 Spectrum Market 2019-2024 ($M) - Regional Industry Research
16.9 Nutiva Market 2019-2024 ($M) - Regional Industry Research
16.10 Eden Foods Market 2019-2024 ($M) - Regional Industry Research
16.11 Enzo Olive Oil Market 2019-2024 ($M) - Regional Industry Research
16.12 Catania Spagna Market 2019-2024 ($M) - Regional Industry Research
16.13 Clearspring Market 2019-2024 ($M) - Regional Industry Research
16.14 KORIN Agricultura Natural Market 2019-2024 ($M) - Regional Industry Research
16.15 TIANA Fair Trade Organics Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Soybean Oil Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Soybean Oil Market 2019-2024 ($M) - Regional Industry Research
18.2 Canola Oil Market 2019-2024 ($M) - Regional Industry Research
18.3 Peanut Oil Market 2019-2024 ($M) - Regional Industry Research
18.4 Palm Oil Market 2019-2024 ($M) - Regional Industry Research
18.5 Sunflower Oil Market 2019-2024 ($M) - Regional Industry Research
18.6 Coconut Oil Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Adams Group Market 2019-2024 ($M) - Regional Industry Research
19.2 Mizkan America Market 2019-2024 ($M) - Regional Industry Research
19.3 NOW Foods Market 2019-2024 ($M) - Regional Industry Research
19.4 Cargill Market 2019-2024 ($M) - Regional Industry Research
19.5 Bunge Market 2019-2024 ($M) - Regional Industry Research
19.6 The J.M. Smucker Company Market 2019-2024 ($M) - Regional Industry Research
19.7 EFKO Group Market 2019-2024 ($M) - Regional Industry Research
19.8 Spectrum Market 2019-2024 ($M) - Regional Industry Research
19.9 Nutiva Market 2019-2024 ($M) - Regional Industry Research
19.10 Eden Foods Market 2019-2024 ($M) - Regional Industry Research
19.11 Enzo Olive Oil Market 2019-2024 ($M) - Regional Industry Research
19.12 Catania Spagna Market 2019-2024 ($M) - Regional Industry Research
19.13 Clearspring Market 2019-2024 ($M) - Regional Industry Research
19.14 KORIN Agricultura Natural Market 2019-2024 ($M) - Regional Industry Research
19.15 TIANA Fair Trade Organics Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Soybean Oil Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Soybean Oil Market 2019-2024 ($M) - Regional Industry Research
21.2 Canola Oil Market 2019-2024 ($M) - Regional Industry Research
21.3 Peanut Oil Market 2019-2024 ($M) - Regional Industry Research
21.4 Palm Oil Market 2019-2024 ($M) - Regional Industry Research
21.5 Sunflower Oil Market 2019-2024 ($M) - Regional Industry Research
21.6 Coconut Oil Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Organic Edible Oil Market Revenue, 2019-2024 ($M)2.Canada Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
3.Mexico Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
4.Brazil Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
5.Argentina Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
6.Peru Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
7.Colombia Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
8.Chile Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
10.UK Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
11.Germany Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
12.France Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
13.Italy Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
14.Spain Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
16.China Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
17.India Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
18.Japan Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
19.South Korea Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
20.South Africa Global Organic Edible Oil Market Revenue, 2019-2024 ($M)
21.North America Global Organic Edible Oil By Application
22.South America Global Organic Edible Oil By Application
23.Europe Global Organic Edible Oil By Application
24.APAC Global Organic Edible Oil By Application
25.MENA Global Organic Edible Oil By Application