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North America Fats and Oils Market Trends

Statistics for the 2023 & 2024 North America Fats and Oils market trends, created by Mordor Intelligence™ Industry Reports. North America Fats and Oils 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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Market Trends of North America Fats and Oils Industry

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

Rise in the Consumption of Olive Oil

Consumption of olive oil is continuously rising in the region, as it is considered to be healthy dietary fat. Olive oil constitutes a considerable amount of monounsaturated fatty acids. As per the Food and Drug Administration (FDA), eating two tablespoons of olive oil a day may reduce the risk of heart diseases. Consumption of olive oil has several other benefits, such as lowering the risk of osteoporosis, blood pressure, diabetes, and cholesterol. Furthermore, fatty acids (such as omega-3 and omega-6) essential for brain health are also present in extra-virgin olive oil. Due to the tremendous benefits offered by the consumption of olive oil, the demand for oil has increased to a greater extent across the United States and other North American markets.

fats and oil market

United States Dominates the Regional Market

The United States is a major potential market in the world, owing to its high consumption and exports of oils. The country is the world’s largest producer of soybean and almost half of the total crops is processed domestically into soybean meal and oil. The country is also the largest exporter of soybean oil, followed by rapeseed oil. With the rising healthcare expenditure, increasing cognizance about various cardiovascular diseases, and rise in obesity rates, the consumers are switching to healthier vegetable oil options, such as olive oil and canola oil, as these oils are free from trans-fat. In addition, they have low saturated fat and have high omega-3 fatty acids. Moreover, vegetable oil is considered to be a healthier alternative to animal fats, as they contain more unsaturated fatty acids. The market in the United States is changing and moving away from refined 18:12 oils toward concentrates and others. Heart health, inflammation control, mental acuity, and joint health tend to be the priority associations connected with omega-3 fish oil in the market in the United States.
fats and oil market

North America Fats and Oils Report Snapshots

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