According to IMARC Group latest report titled” High Oleic Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited moderate growth during 2015-2020. The global High Oleic Oil Market to grow at a CAGR of around 5% during 2021-2026. High oleic (HO) oils are vegetable oils with high levels of oleic acid, which is beneficial for the heart’s overall wellbeing. They offer several other benefits, such as better thermal stability, superior resistance against oxidation, extended shelf life of vegetable oil, its reduced wastage, etc. As a result, HO oils are widely applied in the production of packaged goods and non-dairy creamers. Besides this, it is also used for deep-frying, sauteing, stir-frying, etc., in the residential and commercial sectors worldwide.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The growing utilization of HO oil in the food and beverage industry for preparing pan-fried snacks, sauces, dressings, marinades, etc., represents one of the primary factors contributing to its global market growth. Moreover, the oil also finds several applications in the personal care and cosmetic industries due to its ability to prevent acne, blemishes, wrinkles, fine lines, etc. Additionally, HO oil is used as base fluid or additive in transformer fluids, hydraulic fluids, poly-alpha-olefin (PAO) or group-III-based-synthetic oil formulations, etc. Furthermore, the rising consumer awareness towards preventive healthcare due to the increasing prevalence of chronic diseases is also propelling the product demand. Several other factors, including the escalating demand for oleochemicals in the bio-based chemical sector, are further anticipated to stimulate the HO oil market over the forecast period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Adams Group Inc.
- Archer Daniels Midland Company
- Aston Food and Food Ingredients
- Aveno NV
- Bunge Limited
- Cargill Incorporated
- CHS Inc.
- Colorado Mills
- Marbacher Ölmühle GmbH (HOCHDORF Holding Ltd)
- Oilseeds International Ltd. (Itochu Corporation)
- Richardson International Limited
High Oleic Oil Market Segmentation:
Our report has categorized the market based on region, type, source, application and distribution channel.
Breakup by Type:
- Sunflower Oil
- Soybean Oil
- Safflower Oil
- Canola Oil
Breakup by Source:
Breakup by Application:
- Personal Care
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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