Asia-Pacific Fats and Oil Market Trends

Statistics for the 2023 & 2024 Asia-Pacific Fats and Oil market trends, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Fats and Oil trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Asia-Pacific Fats and Oil Industry

This section covers the major market trends shaping the APAC Fats & Oil Market according to our research experts:

Rise in the Consumption of Bakery, Confectionery, and Processed Foods

The key factor driving the market studied is the increased consumption of processed foods, confectionery, and ready-to-drink beverages. Fats and oils are very important raw materials and functional ingredients for several food products, such as confectionery, bakery, ice creams, emulsions, sauces, and shortenings, among others. In addition, the development of new products, using vegetable oils, can prove beneficial for companies to expand the fats and oils application across the food industry. Evolving consumer preferences for bakery and processed foods, the use of automation, food safety regulations, and foreign direct investment are stirring up the food industry.

Asia-Pacific Fats and Oils Market Share

Asia-Pacific holds the largest share in the oil and fats sector in terms of Production

Asia-Pacific occupies the largest share in the oil and fats sector in terms of production, as well as consumption. The highest production is that of palm oil and a majority of it is produced in Indonesia and Malaysia. Asia-Pacific has emerged as a dominant market for fish oil consumption, owing to the huge concentration of the aquaculture industry in China, India, Vietnam, and Indonesia. Moreover, the rising health concerns among consumers have led to the usage of fish oil as nutritional supplement in developed countries, such as Japan and Australia.

Asia-Pacific Fats and Oils Market Size

Asia Pacific Fats and Oils Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)