Fats and oils are organic substances which form an essential part of the human diet in addition to having various industrial applications. The usual form of fats and oils are in solid and liquid state respectively. Fats and oils are considered as high energy food substances which provide to the likes of 9 calories per gram of fat. The energy density is also higher compared to proteins and carbohydrates.
Additionally, fats and oils have lubricating, emulsifying and whipping properties as well as a high caloric value. A special category of edible fats called dietary fats are important in supporting cell growth and protection of body organs. Their other functions include developing hormones and regulate vitamins in the body. They also find applications in industrial manufacture of edible products due to their smooth, creamy and rich texture and their milky and creamy appearance.
The major driver of the North America fats and oils market is the large number of industries in the region who find applications for fats and oils. The confectionary and bakery industry in North America is the highest grosser of fats and oils market. They are also demanded in large quantities for use in oleochemical industries and for the production of biodiesel. The increasing demand for vegetable oil in the region also fuels the growth of the market. Other factors include rising population and rising demand for processed food. Inspite of the drivers, the challenges regarding their manufacture and the increasing health concerns among consumers are restraints for the market growth.
The North America Fats and Oils market is broadly classified into Palm, Sunflower, Olive, Soybean, Rapeseed and others based on product type. Based on application, they are classified as Food, Industrial, Personal Care, Animal Feed and Pharmaceutical. They are further classified into butter, ghee, lard and suet on the basis of animal fats. Based on form they are classified into solid and liquid and based on source they are classified into plants and animals. Based on geography, the North America market is analysed under Canada and USA. The North American market has the second highest market revenue worldwide with it commanding almost a third of the total market share in 2016. The highly developed nature of the market is also evident from the low CAGR for the region since the scope for growth is minimal. The USA fats and oils market is the major player in the region.
Some of the major companies dominating the market, by their products and services include Cargill, Archer Daniels Midland Company, Bunge Limited, International Foodstuff Company Holdings Limited, Wilmar International, Associated British Foods, Ajinomoto, ConAgra Foods, Unilever PLC and United Plantations Berhad.
Form Introduction Liquid Solid Y-o-Y Growth Analysis, By Form Market Attractiveness Analysis, By Form Market Share Analysis, By Form
Sources Introduction Plants Animals Y-o-Y Growth Analysis, By Sources Market Attractiveness Analysis, By Sources Market Share Analysis, By Sources
Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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