油脂市場 – 2029年までの世界予測

Fats and Oils Market - Global Forecast to 2029

油脂市場 - 種類 (植物油脂)、供給源 (野菜および動物)、形態 (液体および固体)、用途 (食品および工業)、および地域 (北米、ヨーロッパ、アジア太平洋、南米、その他の世界) - 2029年までの世界予測
Fats & Oils Market by Type (Vegetable Oils and Fats), Source (Vegetables and Animals), Form (Liquid and Solid), Application (Food and Industrial), and Region (North America, Europe, Asia Pacific, South America, Rest of the World) - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数353
図表数528
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global fats & oils market is estimated to be valued at USD 271.8 billion in 2024 and is projected to reach USD 323.7 billion by 2029, at a CAGR of 3.6%.

世界の油脂市場は、2024 年に 2,718 億米ドルと推定され、2029 年までに 3.6% の CAGR で 3,237 億米ドルに達すると予測されています。

油脂市場 - 2029年までの世界予測
Fats and Oils Market

The fats and oils market is today hedged by new scientific discoveries and health benefits being unlocked for particular oils. Trends in diets have been remade, and consumer preferences have been altered. For example, a large study published by JAMA Network Open in February 2024 reported that the intake of seven or more grams of olive oil per day was associated with a 28% reduction in death rates from dementia in American adults. This underlines the increased sensitivity to dietary practices as an important factor in containing age-related cognitive decline.

It’s not only the taste/culinary aspect; some consumers prefer their oil for its potential health effects. Manufacturers are thus catching up to the demands, changing consumer preferences with regard to the kinds of oils used in food production to match and align with health-orientated choices. Accordingly, with scientific validation of its benefits, the marketplace for healthier oils grows in demand, restructuring the landscape of the fats and oils industry.

油脂市場 - 2029年までの世界予測  ecosystem
Fats and Oils Market Ecosystem

“Soybean oil among vegetable oil types emerges as the fastest-growing segment during the forecast period.”

Soybean oil has emerged as the fastest-growing segment among vegetable oils in the global fats and oils market, particularly driven by its diverse applications across various industries. Soybean oil consumption in the United States indeed mirrors its pivotal role in some of the important sectors. For example, in the food industry, soybean oil has large uses in margarine and salad or cooking oils, where MY2022/23 consumption figures stand at 114.27 thousand metric tons and 3.60 million metric tons respectively, according to the United Soybean Board. This makes it an important all-around ingredient for cooking and general food preparation.

Apart from the food sector, soybean oil has significant applications in various other industrial sectors. For example, in the case of biofuel production, it is very commonly used and has a large contribution to environmental sustainability efforts; the consumption figures reach 5.67 million MT for MY 2022/23. Also finding a place in soybean oil are lubricants, working fluids, paints, coatings, inks polyols, plastics, and a wide array of solvents and specialty chemicals, all running into good quantities of consumption. That it has had the ability to grow at these rates underlines soybean oil’s versatility and increasing adaptability in these multiple industries, driven by its propitious properties and fast-growing recognition worldwide as a viable and sustainable alternative to food and industrial applications. That growth in soybean oil consumption underlines more than any other statistic its key role in determining the future character of the global fats and oils market.

“Food application is the dominant market in the fats & oils market.”

Apart from flavor and texture, fats and oils in cookery, baking, and preservation of foods generally play dual roles with added functions in the line of nutrition and shelf-life extension. Their domain of applicability within the food industry is very wide, covering frying, sautéing, emulsification, and improvement in the texture of bakery and confectionary products. For example, soybean oil, sunflower oil, and palm oil have very high smoke points and are found in continuous use at high temperatures in frying. This makes them perfect for the production of crispy textures with fried foods while maintaining quality over successive cycles of frying, which is important in commercial food service operations.

They are core ingredients in food processing and used as carriers of fat-soluble vitamins, antioxidants, and flavors. Further, they provide a base for spreads, sauces, dressings, and processed meat applications through their effects on mouthfeel, stability, and general sensory appeal in the formulation of such products. Success in mayonnaise, for example, relies on oils that provide both the creamy texture and emulsification function to ensure consistent quality and taste. This is associated with a very broad span of uses for culinary techniques, food processing, and product formulation in underpinning their place in the regard of consumer expectations for taste, texture, and nutritional value across a broad span of foodstuffs. Changing consumer preferences in terms of health and sustainability mean that innovation in the fats and oils market is not at an end, as it introduces new formulations and sources that can help meet consumer demand while delivering the core functionality in food applications.

The break-up of the profile of primary participants in the fats & oils market:

  • By Company Type: Tier 1 – 20%, Tier 2 – 50%, and Tier 3 – 30%
  • By Designation: C Level – 31%, Director Level – 24%, Others – 45%
  • By Region: North America – 24%, Europe – 29%, Asia Pacific – 32%, South America – 12% and Rest of the World – 3%
油脂市場 - 2029年までの世界予測  region
Asia Pacific: Fats and Oils Market Snapshot

Prominent companies include ADM (US), Wilmar International Ltd (Singapore), Cargill, Incorporated (US), Bunge (US), Kaula Lumpur Kepong Berhad (Malaysia), Olam Agri Holdings Pte Ltd (India), Unilever (UK), Mewah Group (Singapore), Associated British Foods plc (UK), United Plantations Berhad (Malaysia), Ajinomoto Co., Inc. (Japan), Fuji Oil Co., Ltd. (Japan), Oleo-Fats (Philippines), Borges Agricultural and Industrial Edible Oils, S.A.U. (Spain), K S Oils Limited (India), CSM Ingredients (US), SD Guthrie International Zwijndrecht Refinery B.V. (Netherlands), Musim Mas Group (Singapore), Richardson International Limited (Canada), and AAK AB (UK) among others.

Research Coverage:

This research report categorizes the fats & oils market by type (Vegetable Oils, and Fats), Source (Vegetables, and Animals), Form (Liquid, and Solid), Application (Food and Industrial), and Region (North America, Europe, Asia Pacific, South America, and Rest of the World).

The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the fats & oils market. It also provides a detailed analysis of the major players in the market including their business overview, products offered; key strategies; partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the fats & oils market is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall fats & oils market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing demand for food boosting global consumption of vegetable oils, Increased consumption of bakery & confectionery and processed food products, and Growing demand for biodiesel), restraints (Labeling of fat & oil products and the safety issues), opportunities (Emerging application of fats and oils as substitutes of trans-fats, and Growth in microencapsulation of fats and oils), and challenges (High capital investments in extraction, and High dependence on imports, leading to high costs of end-products) influencing the growth of the fats & oils market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the fats & oils market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the fats & oils market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the fats & oils market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as ADM (US), Wilmar International Ltd (Singapore), Cargill, Incorporated (US), Bunge (US), Kaula Lumpur Kepong Berhad (Malaysia), Olam Agri Holdings Pte Ltd (India), Manildra Group (Australia), Mewah Group (Singapore), Associated British Foods plc (UK), United Plantations Berhad (Malaysia), Ajinomoto Co., Inc. (Japan), Fuji Oil Co., Ltd. (Japan), Oleo-Fats (Philippines), Borges Agricultural and Industrial Edible Oils, S.A.U. (Spain), K S Oils Limited (India), CSM Ingredients (US), SD Guthrie International Zwijndrecht Refinery B.V. (Netherlands), Musim Mas Group (Singapore), Richardson International Limited (Canada), and AAK AB (Sweden), among others in the fats & oils market strategies. The report also helps stakeholders understand the fats & oils market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Fats & Oils Market by Type (Vegetable Oils and Fats), Source (Vegetables and Animals), Form (Liquid and Solid), Application (Food and Industrial), and Region (North America, Europe, Asia Pacific, South America, Rest of the World) – Global Forecast to 2029

油脂市場 – 種類 (植物油脂)、供給源 (野菜および動物)、形態 (液体および固体)、用途 (食品および工業)、および地域 (北米、ヨーロッパ、アジア太平洋、南米、その他の世界) – 2029年までの世界予測

Table of Contents

1            INTRODUCTION            31

1.1         STUDY OBJECTIVES      31

1.2         MARKET DEFINITION   32

1.3         STUDY SCOPE  32

1.3.1      MARKET SEGMENTATION         32

1.3.2      INCLUSIONS AND EXCLUSIONS 33

1.3.3      YEARS CONSIDERED     34

1.4         UNIT CONSIDERED       34

1.4.1      CURRENCY/VALUE UNIT           34

1.4.2      VOLUME UNIT 35

1.5         STAKEHOLDERS            35

1.6         SUMMARY OF CHANGES            36

2            RESEARCH METHODOLOGY     37

2.1         RESEARCH DATA           37

2.1.1      SECONDARY DATA       38

2.1.1.1   Key data from secondary sources     38

2.1.2      PRIMARY DATA 38

2.1.2.1   Key data from primary sources         39

2.1.2.2   Key insights from industry experts   39

2.1.2.3   Breakdown of primary profiles         40

2.2         MARKET SIZE ESTIMATION       40

2.2.1      TOP-DOWN APPROACH             41

2.2.2      SUPPLY-SIDE ANALYSIS             41

2.2.3      BOTTOM-UP APPROACH (DEMAND SIDE)         42

2.3         DATA TRIANGULATION             44

2.4         RESEARCH ASSUMPTIONS         45

2.5         LIMITATIONS AND RISK ASSESSMENT  46

3            EXECUTIVE SUMMARY 47

4            PREMIUM INSIGHTS      53

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FATS & OILS MARKET              53

4.2         FAST & OILS MARKET: KEY REGIONAL SUBMARKETS    54

4.3         ASIA PACIFIC: FATS & OILS MARKET, BY OIL TYPE & COUNTRY 54

4.4         FATS & OILS MARKET, BY VEGETABLE OIL TYPE            55

4.5         FATS & OILS MARKET, BY FAT TYPE      56

4.6         FATS & OILS MARKET, BY FORM             56

4.7         FATS & OILS MARKET, BY SOURCE         57

4.8         FATS & OILS MARKET, BY APPLICATION            57

5            MARKET OVERVIEW     58

5.1         INTRODUCTION            58

5.2         MACROECONOMIC INDICATORS           58

5.2.1      GROWING HEALTH TRENDS AND CONSUMER PREFERENCES   58

5.2.2      POPULATION, GDP GROWTH, AND URBANIZATION     59

5.2.3      PREVALENCE OF DEPRESSION AND ANXIETY DISORDERS         60

5.3         MARKET DYNAMICS     61

5.3.1      DRIVERS            61

5.3.1.1   Increasing oilseeds production         61

5.3.1.2   Increasing demand for food boosting global consumption

of vegetable oils   62

5.3.1.2.1 Increase in consumption of bakery & confectionery

and processed food products            63

5.3.1.3   Growing demand for biodiesel         63

5.3.2      RESTRAINTS     64

5.3.2.1   Labeling of fat & oil products and safety issues             64

5.3.2.2   High price volatility           64

5.3.3      OPPORTUNITIES           65

5.3.3.1   Emerging application of fats and oils as substitutes for trans-fats             65

5.3.3.2   Growth in microencapsulation of fats and oils 65

5.3.3.3   Consumer preference shifting toward healthier oil alternatives  66

5.3.4      CHALLENGES   66

5.3.4.1   High capital investments in extraction           66

5.3.4.2   High dependence on imports, leading to high costs of end products         67

5.4         IMPACT OF GEN AI ON FOOD & BEVERAGE INGREDIENTS/ADDITIVES              67

5.4.1      INTRODUCTION            67

5.4.2      USE OF GEN AI IN FOOD & BEVERAGE INGREDIENTS/ADDITIVES              68

5.4.3      CASE STUDY ANALYSIS 68

5.4.3.1   Flavor and ingredient innovation     68

5.4.3.2   AI-enabled digital tools for consumer understanding and product development              69

5.4.3.3   Personalized AI-developed nutrition platform              70

5.4.3.4   AI and cloud technology to address challenges in food &

beverage industry 70

5.4.4      IMPACT ON FATS & OILS MARKET         71

5.4.5      ADJACENT ECOSYSTEM WORKING ON GEN AI  71

6            INDUSTRY TRENDS       72

6.1         INTRODUCTION            72

6.2         SUPPLY CHAIN ANALYSIS          73

6.3         VALUE CHAIN ANALYSIS            74

6.3.1      RESEARCH & DEVELOPMENT   75

6.3.2      RAW MATERIAL SOURCING & PROCUREMENT  75

6.3.3      CRUSHING, REFINING, AND PRODUCTION        76

6.3.4      SAFETY & QUALITY       76

6.3.5      MARKETING & DISTRIBUTION  76

6.4         TRADE ANALYSIS          76

6.4.1      EXPORT SCENARIO OF FATS & OILS (VEGETABLE FATS AND OILS)              76

6.4.2      IMPORT SCENARIO OF FATS & OILS (VEGETABLE FATS AND OILS)              77

6.5         TECHNOLOGY ANALYSIS           80

6.5.1      KEY TECHNOLOGIES    80

6.5.1.1   Fortification and enrichment technologies     80

6.5.1.2   Trans-fat reduction technologies     80

6.5.2      COMPLEMENTARY TECHNOLOGIES     80

6.5.2.1   Ultrasound technology to enhance degumming efficiency          80

6.5.3      ADJACENT TECHNOLOGIES      81

6.5.3.1   Nanotechnology to create nanoemulsions and nanoencapsulation            81

6.5.3.2   DNA sequencing and genotyping     81

6.6         PRICING ANALYSIS        81

6.6.1      AVERAGE SELLING PRICE TREND, BY TYPE       81

6.6.2      AVERAGE SELLING PRICE TREND, BY REGION  83

6.7         ECOSYSTEM ANALYSIS/MARKET MAP   84

6.7.1      DEMAND SIDE  84

6.7.2      SUPPLY SIDE    84

6.8         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 86

6.9         PATENT ANALYSIS        87

6.9.1      LIST OF MAJOR PATENTS          88

6.10       KEY CONFERENCES AND EVENTS, 2024–2025     92

6.11       REGULATORY LANDSCAPE       93

6.11.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          94

6.11.2    NORTH AMERICA          96

6.11.2.1 US         96

6.11.2.2 Canada  96

6.11.3    EUROPE             97

6.11.4    ASIA PACIFIC    98

6.11.4.1 India      98

6.11.4.2 China     98

6.11.4.3 Rest of Asia Pacific            98

6.11.5    SOUTH AMERICA           98

6.11.5.1 Brazil     98

6.11.6    REST OF THE WORLD   99

6.12       PORTER’S FIVE FORCES ANALYSIS         99

6.12.1    INTENSITY OF COMPETITIVE RIVALRY 100

6.12.2    BARGAINING POWER OF SUPPLIERS     101

6.12.3    BARGAINING POWER OF BUYERS           101

6.12.4    THREAT OF SUBSTITUTES         101

6.12.5    THREAT OF NEW ENTRANTS    101

6.13       KEY STAKEHOLDERS AND BUYING CRITERIA    102

6.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         102

6.13.2    BUYING CRITERIA         103

6.14       CASE STUDY ANALYSIS 104

6.14.1    VEGETABLE OILS ENHANCEMENT WITH ELIMINATION OF PARTIALLY HYDROGENATED OILS (PHOS) 104

6.14.2    NUTRITIONAL QUALITY INCREASED BY ELIMINATING PARTIALLY HYDROGENATED OILS 105

6.15       INVESTMENT AND FUNDING SCENARIO            105

7            FATS & OILS MARKET, BY SOURCE         106

7.1         INTRODUCTION            107

7.2         VEGETABLES    108

7.2.1      INCREASE IN AWARENESS ABOUT HEALTHY DIETS AMONG PEOPLE

TO DRIVE MARKET       108

7.3         ANIMALS           110

7.3.1      ENHANCED VALUE OF ANIMAL-SOURCE PRODUCTS IN CULINARY APPLICATIONS TO PROPEL MARKET    110

8            FATS & OILS MARKET, BY FORM             112

8.1         INTRODUCTION            113

8.1.1      FACTORS AFFECTING PHYSICAL CHARACTERISTICS OF FATS AND OILS     113

8.2         LIQUID 114

8.2.1      HIGH DEMAND IN HOUSEHOLDS AND HOTELS TO DRIVE MARKET              114

8.3         SOLID (CRYSTALLINE) 115

8.3.1      SOLID FORM CRYSTALLIZES ANIMAL- AND VEGETABLE-DERIVED FATS, MAKING THEM MORE CREAMY   115

9            FATS & OILS MARKET, BY TYPE 117

9.1         INTRODUCTION            118

9.2         VEGETABLE OILS          118

9.2.1      PALM OIL          121

9.2.1.1   Absence of linolenic acid contributes to palm oil’s stability against oxidative deterioration, enhances its appeal, and drives market   121

9.2.2      SOYBEAN OIL   123

9.2.2.1   High amount of essential fatty acids makes soybean oil healthier alternative              123

9.2.3      SUNFLOWER OIL           125

9.2.3.1   Use of sunflower oil in food as well as industrial applications

to drive market    125

9.2.4      RAPESEED OIL 127

9.2.4.1   Substantial investment in rapeseed crushing facilities exemplifies growing demand for rapeseed oil and drives market expansion 127

9.2.5      OLIVE OIL         129

9.2.5.1   Significant contributions from major producers to drive global market     129

9.2.6      OTHER OILS     131

9.3         FATS     133

9.3.1      BUTTER & MARGARINE 135

9.3.1.1   Nutritional benefits of butter, alongside margarine’s evolution

to address health concerns to drive growth     135

9.3.2      TALLOW & GREASE       137

9.3.2.1   Growing role in providing sustainable, renewable energy source

to drive market    137

9.3.3      LARD    138

9.3.3.1   Growing popularity as versatile and ethically preferred fat

alternative to drive market 138

10          FATS & OILS MARKET, BY APPLICATION            141

10.1       INTRODUCTION            142

10.2       FOOD   143

10.2.1    GROWING DEMAND FOR HEALTHIER AND MORE SUSTAINABLE OPTIONS

TO DRIVE INNOVATION AND MARKET GROWTH           143

10.2.2    FOOD PRODUCT MANUFACTURING     144

10.2.2.1 Bakery products   145

10.2.2.2 Confectionery products     146

10.2.2.3 Processed foods & beverages           146

10.2.2.3.1            Snacks & savory   146

10.2.2.3.2            R.T.E. foods/Convenience foods     146

10.2.2.3.3            Sauces, spreads, and dressings         146

10.2.2.3.4            Others (dairy products, meat products, and beverages)             147

10.2.3    FOODSERVICE 147

10.2.4    RETAIL 148

10.3       INDUSTRIAL     148

10.3.1    INCREASED DEMAND FOR VEGETABLE OIL IN DEVELOPED COUNTRIES

FOR USE IN BIODIESEL PRODUCTION  148

10.3.2    BIODIESEL        149

10.3.3    OLEOCHEMICALS         149

10.3.4    ANIMAL FEED  150

11          FATS & OILS MARKET, BY REGION         151

11.1       INTRODUCTION            152

11.2       NORTH AMERICA          155

11.2.1    US         160

11.2.1.1 Strong volume-based demand for soybean and rapeseed oils

to drive sale of fats & oils   160

11.2.2    CANADA            163

11.2.2.1 High consumption rates for rapeseed, palm, and coconut oils

in processed food industry to drive market     163

11.2.3    MEXICO             166

11.2.3.1 Bakery and confectionery sectors to lead demand dynamics

for fats and oils    166

11.3       EUROPE             169

11.3.1    GERMANY         176

11.3.1.1 Policy and regulatory initiatives to drive consumption of healthier, clean-labeled fats and oils          176

11.3.2    UK         178

11.3.2.1 Significant reduction in saturated fats in dietary habits to drive

sales of healthier variants of vegetable oils     178

11.3.3    FRANCE             181

11.3.3.1 Culinary aspects of French market favor significant utilization

of fats and oils      181

11.3.4    ITALY   184

11.3.4.1 Popularity of high-quality, PDO and PGI-certified olive oils to

drive market        184

11.3.5    SPAIN   187

11.3.5.1 Greater share of animal-based food products in Spanish

diets to drive market          187

11.3.6    RUSSIA 190

11.3.6.1 Robust in-home consumption of fat-rich foods to drive market  190

11.3.7    NETHERLANDS 192

11.3.7.1 Dutch fats & oils market to thrive on resilient production

and trade dynamics            192

11.3.8    REST OF EUROPE           195

11.4       ASIA PACIFIC    198

11.4.1    CHINA  205

11.4.1.1 Robust production, consumption, and import dynamics for palm

and soybean oils to drive market      205

11.4.2    INDIA   208

11.4.2.1 Promising consumption patterns arising from processed food products growth to drive market        208

11.4.3    JAPAN  211

11.4.3.1 Health-conscious consumers to drive demand for clean-labeled

fats and oils          211

11.4.4    AUSTRALIA & NEW ZEALAND   214

11.4.4.1 Growing popularity of rapeseed, olive, and sunflower oils

to drive market    214

11.4.5    INDONESIA       217

11.4.5.1 Robust per capita consumption of fats and oils             217

11.4.6    MALAYSIA         220

11.4.6.1 Favorable production patterns and promising consumption

of palm oil to drive market 220

11.4.7    REST OF ASIA PACIFIC  223

11.5       SOUTH AMERICA           226

11.5.1    BRAZIL 231

11.5.1.1 Increasing production of biofuel to drive market for vegetable oils           231

11.5.2    ARGENTINA      234

11.5.2.1 Significant export of soybean oil to drive market          234

11.5.3    REST OF SOUTH AMERICA         238

11.6       ROW     241

11.6.1    MIDDLE EAST  246

11.6.1.1 Inclusion of fats & oils in Middle Eastern culture to drive market             246

11.6.2    AFRICA 249

11.6.2.1 Africa offers large potential market for vegetable fats and oils    249

12          COMPETITIVE LANDSCAPE       253

12.1       OVERVIEW        253

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          253

12.3       REVENUE ANALYSIS, 2021–2023 256

12.4       MARKET SHARE ANALYSIS, 2023             257

12.5       COMPANY VALUATION AND FINANCIAL METRICS        258

12.5.1    COMPANY VALUATION 258

12.5.2    EV/EBITDA       259

12.6       BRAND/PRODUCT COMPARISON ANALYSIS      259

12.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   261

12.7.1    STARS  261

12.7.2    EMERGING LEADERS    261

12.7.3    PERVASIVE PLAYERS     261

12.7.4    PARTICIPANTS 261

12.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      263

12.7.5.1 Company footprint            263

12.7.5.2 Region footprint  264

12.7.5.3 Type footprint     265

12.7.5.4 Application footprint         266

12.7.5.5 Source footprint   267

12.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          268

12.8.1    PROGRESSIVE COMPANIES       268

12.8.2    RESPONSIVE COMPANIES          268

12.8.3    DYNAMIC COMPANIES 268

12.8.4    STARTING BLOCKS       268

12.8.5    COMPETITIVE BENCHMARKING            270

12.8.5.1 Detailed list of key startups/SMEs   270

12.8.5.2 Competitive benchmarking of key startups/SMEs        271

12.9       COMPETITIVE SCENARIO AND TRENDS             271

12.9.1    PRODUCT LAUNCHES  272

12.9.2    DEALS  272

12.9.3    EXPANSIONS    275

12.9.4    OTHERS             278

13          COMPANY PROFILES    279

13.1       KEY PLAYERS   279

13.1.1    ADM     279

13.1.1.1 Business overview 279

13.1.1.2 Products/Solutions/Services offered 280

13.1.1.3 Recent developments         281

13.1.1.4 MnM view           282

13.1.1.4.1            Key strengths       282

13.1.1.4.2            Strategic choices  282

13.1.1.4.3            Weaknesses and competitive threats 282

13.1.2    WILMAR INTERNATIONAL LTD 283

13.1.2.1 Business overview 283

13.1.2.2 Products/Solutions/Services offered 284

13.1.2.3 Recent developments         285

13.1.2.4 MnM view           286

13.1.2.4.1            Key strengths       286

13.1.2.4.2            Strategic choices  286

13.1.2.4.3            Weaknesses and competitive threats 286

13.1.3    CARGILL, INCORPORATED        287

13.1.3.1 Business overview 287

13.1.3.2 Products/Solutions/Services offered 288

13.1.3.3 Recent developments         292

13.1.3.4 MnM view           295

13.1.3.4.1            Key strengths       295

13.1.3.4.2            Strategic choices  295

13.1.3.4.3            Weaknesses and competitive threats 295

13.1.4    BUNGE 296

13.1.4.1 Business overview 296

13.1.4.2 Products/Solutions/Services offered 297

13.1.4.3 Recent developments         298

13.1.4.4 MnM view           299

13.1.4.4.1            Key strengths       299

13.1.4.4.2            Strategic choices  299

13.1.4.4.3            Weaknesses and competitive threats 299

13.1.5    KUALA LUMPUR KEPONG BERHAD       300

13.1.5.1 Business overview 300

13.1.5.2 Products/Solutions/Services offered 301

13.1.5.3 Recent developments         302

13.1.5.4 MnM view           302

13.1.5.4.1            Right to win         302

13.1.5.4.2            Strategic choices  302

13.1.5.4.3            Weaknesses and competitive threats 302

13.1.6    OLAM AGRI HOLDINGS PTE LTD.          303

13.1.6.1 Business overview 303

13.1.6.2 Products/Solutions/Services offered 304

13.1.6.3 Recent developments         305

13.1.6.4 MnM view           305

13.1.7    MEWAH GROUP             306

13.1.7.1 Business overview 306

13.1.7.2 Products/Solutions/Services offered 307

13.1.7.3 Recent developments         308

13.1.7.4 MnM view           308

13.1.8    ASSOCIATED BRITISH FOODS PLC         309

13.1.8.1 Business overview 309

13.1.8.2 Products/Solutions/Services offered 310

13.1.8.3 Recent developments         310

13.1.8.4 MnM view           311

13.1.9    UNITED PLANTATIONS BERHAD           312

13.1.9.1 Business overview 312

13.1.9.2 Products/Solutions/Services offered 313

13.1.9.3 Recent developments         314

13.1.9.4 MnM view           314

13.1.10  AJINOMOTO CO., INC.   315

13.1.10.1             Business overview 315

13.1.10.2             Products/Solutions/Services offered 316

13.1.10.3             Recent developments         316

13.1.10.4             MnM view           316

13.1.11  FUJI OIL CO., LTD.         317

13.1.11.1             Business overview 317

13.1.11.2             Products/Solutions/Services offered 318

13.1.11.3             Recent developments         318

13.1.11.4             MnM view           318

13.1.12  AAK AB 319

13.1.12.1             Business overview 319

13.1.12.2             Products/Solutions/Services offered 320

13.1.12.3             Recent developments         321

13.1.12.4             MnM view           321

13.1.13  K. S. OILS LIMITED        322

13.1.13.1             Business overview 322

13.1.13.2             Products/Solutions/Services offered 322

13.1.13.3             Recent developments         322

13.1.13.4             MnM view           322

13.1.14  OLEO-FATS      323

13.1.14.1             Business overview 323

13.1.14.2             Products/Solutions/Services offered 323

13.1.14.3             Recent developments         323

13.1.14.4             MnM view           323

13.1.15  MANILDRA GROUP       324

13.1.15.1             Business overview 324

13.1.15.2             Products/Solutions/Services offered 324

13.1.15.3             Recent developments         324

13.1.15.4             MnM view           324

13.1.16  BORGES AGRICULTURAL & INDUSTRIAL EDIBLE OILS, S.A.U.    325

13.1.16.1             Business overview 325

13.1.16.2             Products/Solutions/Services offered 325

13.1.16.3             Recent developments         325

13.1.16.4             MnM view           325

13.1.17  CSM INGREDIENTS       326

13.1.17.1             Business overview 326

13.1.17.2             Products/Solutions/Services offered 326

13.1.17.3             Recent developments         326

13.1.17.4             MnM view           326

13.1.18  SD GUTHRIE INTERNATIONAL ZWIJNDRECHT REFINERY B.V.   327

13.1.18.1             Business overview 327

13.1.18.2             Products/Solutions/Services offered 327

13.1.18.3             Recent developments         327

13.1.18.4             MnM view           328

13.1.19  MUSIM MAS GROUP      329

13.1.19.1             Business overview 329

13.1.19.2             Products/Solutions/Services offered 329

13.1.19.3             Recent developments         330

13.1.19.4             MnM view           330

13.1.20  RICHARDSON INTERNATIONAL LIMITED          331

13.1.20.1             Business overview 331

13.1.20.2             Products/Solutions/Services offered 331

13.1.20.3             Recent developments         332

13.1.20.4             MnM view           332

13.2       OTHER PLAYERS           333

13.2.1    GOODHOPE ASIA HOLDINGS LTD – FATS & OILS MARKET         333

13.2.2    VEGA FOODS – FATS & OILS MARKET    334

13.2.3    ALAMI COMMODITIES SDN BHD – FATS & OILS MARKET            335

13.2.4    GEMINI EDIBLES & FATS INDIA LIMITED – FATS & OILS MARKET              336

13.2.5    IFFCO – FATS & OILS MARKET   337

14          ADJACENT AND RELATED MARKETS     338

14.1       INTRODUCTION            338

14.2       LIMITATIONS   338

14.3       EDIBLE OILS MARKET  338

14.3.1    MARKET DEFINITION   338

14.3.2    MARKET OVERVIEW     338

14.4       ESSENTIAL OILS MARKET          340

14.4.1    MARKET DEFINITION   340

14.4.2    MARKET OVERVIEW     340

14.5       SPECIALTY FATS & OILS MARKET          341

14.5.1    MARKET DEFINITION   341

14.5.2    SPECIALTY FATS            341

14.5.3    SPECIALTY OILS            341

14.5.4    MARKET OVERVIEW     342

15          APPENDIX         343

15.1       DISCUSSION GUIDE      343

15.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             349

15.3       CUSTOMIZATION OPTIONS      351

15.4       RELATED REPORTS       351

15.5       AUTHOR DETAILS         352

LIST OF TABLES

TABLE 1             INCLUSIONS AND EXCLUSIONS 33

TABLE 2             USD EXCHANGE RATE, 2020–2023           35

TABLE 3             FATS & OILS MARKET SNAPSHOT, 2024 VS. 2029 48

TABLE 4             TOP 10 EXPORTERS OF HS CODE 293629, 2019–2023 (USD THOUSAND)     78

TABLE 5             TOP 10 EXPORTERS OF HS CODE 293629, 2019–2023 (TONS)              78

TABLE 6             TOP 10 IMPORTERS OF HS CODE 293629, 2019–2023 (USD THOUSAND)     79

TABLE 7             TOP 10 IMPORTERS OF HS CODE 293629, 2019–2023 (TONS)              79

TABLE 8             AVERAGE SELLING PRICE (ASP), BY VEGETABLE OIL TYPE, 2020–2023 (USD/TON)   82

TABLE 9             AVERAGE SELLING PRICE (ASP), BY FAT TYPE, 2020–2023 (USD/TON)       82

TABLE 10           AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2023 (USD/TON)       83

TABLE 11           FATS & OILS MARKET: ECOSYSTEM       85

TABLE 12           LIST OF MAJOR PATENTS PERTAINING TO FATS & OILS MARKET, 2020–2023       88

TABLE 13           FATS & OILS MARKET: KEY DETAILED LIST OF CONFERENCES AND

EVENTS, 2024–2025        92

TABLE 14           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 94

TABLE 15           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94

TABLE 16           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 95

TABLE 17           SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 95

TABLE 18           IMPACT OF PORTER’S FIVE FORCES ON FATS & OILS MARKET              99

TABLE 19           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FATS & OILS

PRODUCT TYPES           103

TABLE 20           KEY BUYING CRITERIA FOR FATS & OILS PRODUCT TYPES              104

TABLE 21           FATS & OILS MARKET, BY SOURCE, 2020–2023 (USD MILLION)              107

TABLE 22           FATS & OILS MARKET, BY SOURCE, 2024–2029 (USD MILLION)              108

TABLE 23           FATS & OILS MARKET, BY SOURCE, 2020–2023 (KT)         108

TABLE 24           FATS & OILS MARKET, BY SOURCE, 2024–2029 (KT)         108

TABLE 25           VEGETABLE FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          109

TABLE 26           VEGETABLE FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          109

TABLE 27           VEGETABLE FATS & OILS MARKET, BY REGION, 2020–2023 (KT)              109

TABLE 28           VEGETABLE FATS & OILS MARKET, BY REGION, 2024–2029 (KT)              110

TABLE 29           ANIMAL FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          110

TABLE 30           ANIMAL FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          111

TABLE 31           ANIMAL FATS & OILS MARKET, BY REGION, 2020–2023 (KT)              111

TABLE 32           ANIMAL FATS & OILS MARKET, BY REGION, 2024–2029 (KT)              111

TABLE 33           FATS & OILS MARKET, BY FORM, 2020–2023 (USD MILLION)              114

TABLE 34           FATS & OILS MARKET, BY FORM, 2024–2029 (USD MILLION)              114

TABLE 35           LIQUID FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          115

TABLE 36           LIQUID FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          115

TABLE 37           SOLID FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          116

TABLE 38           SOLID FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          116

TABLE 39           FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (USD MILLION) 119

TABLE 40           FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (USD MILLION) 120

TABLE 41           FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)      120

TABLE 42           FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)      120

TABLE 43           PALM OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          121

TABLE 44           PALM OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          122

TABLE 45           PALM OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)              122

TABLE 46           PALM OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)              122

TABLE 47           SOYBEAN OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION) 124

TABLE 48           SOYBEAN OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION) 124

TABLE 49           SOYBEAN OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)      125

TABLE 50           SOYBEAN OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)      125

TABLE 51           SUNFLOWER OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION) 126

TABLE 52           SUNFLOWER OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION) 126

TABLE 53           SUNFLOWER OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)      126

TABLE 54           SUNFLOWER OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)      127

TABLE 55           RAPESEED OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION) 128

TABLE 56           RAPESEED OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION) 128

TABLE 57           RAPESEED OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)      128

TABLE 58           RAPESEED OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)      129

TABLE 59           OLIVE OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          130

TABLE 60           OLIVE OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          130

TABLE 61           OLIVE OIL: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)              130

TABLE 62           OLIVE OIL: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)              131

TABLE 63           OTHER OILS: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION) 132

TABLE 64           OTHER OILS: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION) 132

TABLE 65           OTHER OILS: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)              132

TABLE 66           OTHER OILS: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)              133

TABLE 67           FATS & OILS MARKET: BY FAT TYPE, 2020–2023 (USD MILLION)              134

TABLE 68           FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)              134

TABLE 69           FATS & OILS MARKET: BY FAT TYPE, 2020–2023 (KT)      134

TABLE 70           FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)      134

TABLE 71           BUTTER & MARGARINE: FATS & OILS MARKET, BY REGION,

2020–2023 (USD MILLION)          135

TABLE 72           BUTTER & MARGARINE: FATS & OILS MARKET, BY REGION,

2024–2029 (USD MILLION)          136

TABLE 73           BUTTER & MARGARINE: FATS & OILS MARKET, BY REGION, 2020–2023 (KT) 136

TABLE 74           BUTTER & MARGARINE: FATS & OILS MARKET, BY REGION, 2024–2029 (KT) 136

TABLE 75           TALLOW & GREASE: FATS & OILS MARKET, BY REGION,

2020–2023 (USD MILLION)          137

TABLE 76           TALLOW & GREASE: FATS & OILS MARKET, BY REGION,

2024–2029 (USD MILLION)          137

TABLE 77           TALLOW & GREASE: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)           138

TABLE 78           TALLOW & GREASE: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)           138

TABLE 79           LARD: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          139

TABLE 80           LARD: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          139

TABLE 81           LARD: FATS & OILS MARKET, BY REGION, 2020–2023 (KT)              139

TABLE 82           LARD: FATS & OILS MARKET, BY REGION, 2024–2029 (KT)              140

TABLE 83           FATS & OILS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          142

TABLE 84           FATS & OILS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          143

TABLE 85           FATS & OILS MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)          143

TABLE 86           FATS & OILS MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)          143

TABLE 87           FOOD: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)          144

TABLE 88           FOOD: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)          144

TABLE 89           TYPES OF SPREADS AND THEIR DESCRIPTIONS              147

TABLE 90           INDUSTRIAL: FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION) 148

TABLE 91           INDUSTRIAL: FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION) 149

TABLE 92           FATS & OILS MARKET, BY REGION, 2020–2023 (USD MILLION)              153

TABLE 93           FATS & OILS MARKET, BY REGION, 2024–2029 (USD MILLION)              154

TABLE 94           FATS & OILS MARKET, BY REGION, 2020–2023 (KT)         154

TABLE 95           FATS & OILS MARKET, BY REGION, 2024–2029 (KT)         154

TABLE 96           NORTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     155

TABLE 97           NORTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     155

TABLE 98           NORTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (KT)           156

TABLE 99           NORTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (KT)           156

TABLE 100         NORTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          156

TABLE 101         NORTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          157

TABLE 102         NORTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (KT) 157

TABLE 103         NORTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (KT) 157

TABLE 104         NORTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)     158

TABLE 105         NORTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)     158

TABLE 106         NORTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)           158

TABLE 107         NORTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)           158

TABLE 108         NORTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2020–2023 (USD MILLION)     159

TABLE 109         NORTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2024–2029 (USD MILLION)     159

TABLE 110         NORTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2020–2023 (KT)           159

TABLE 111         NORTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2024–2029 (KT)           159

TABLE 112         NORTH AMERICA: FATS & OILS MARKET, BY FORM, 2020–2023 (USD MILLION) 159

TABLE 113         NORTH AMERICA: FATS & OILS MARKET, BY FORM, 2024–2029 (USD MILLION) 160

TABLE 114         NORTH AMERICA: FATS & OILS MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          160

TABLE 115         NORTH AMERICA: FATS & OILS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          160

TABLE 116         US: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (USD MILLION) 161

TABLE 117         US: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (USD MILLION) 161

TABLE 118         US: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)      161

TABLE 119         US: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)      162

TABLE 120         US: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          162

TABLE 121         US: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          162

TABLE 122         US: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT) 162

TABLE 123         US: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT) 163

TABLE 124         CANADA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          163

TABLE 125         CANADA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          164

TABLE 126         CANADA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 164

TABLE 127         CANADA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 164

TABLE 128         CANADA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          165

TABLE 129         CANADA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          165

TABLE 130         CANADA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              165

TABLE 131         CANADA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              165

TABLE 132         MEXICO: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          166

TABLE 133         MEXICO: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          167

TABLE 134         MEXICO: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 167

TABLE 135         MEXICO: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 167

TABLE 136         MEXICO: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          168

TABLE 137         MEXICO: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          168

TABLE 138         MEXICO: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              168

TABLE 139         MEXICO: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              168

TABLE 140         EUROPE: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          170

TABLE 141         EUROPE: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          171

TABLE 142         EUROPE: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (KT)              171

TABLE 143         EUROPE: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (KT)              172

TABLE 144         EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          172

TABLE 145         EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          172

TABLE 146         EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 173

TABLE 147         EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 173

TABLE 148         EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          173

TABLE 149         EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          173

TABLE 150         EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              174

TABLE 151         EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              174

TABLE 152         EUROPE: FATS & OILS MARKET, BY SOURCE, 2020–2023 (USD MILLION)          174

TABLE 153         EUROPE: FATS & OILS MARKET, BY SOURCE, 2024–2029 (USD MILLION)          174

TABLE 154         EUROPE: FATS & OILS MARKET, BY SOURCE, 2020–2023 (KT)              174

TABLE 155         EUROPE: FATS & OILS MARKET, BY SOURCE, 2024–2029 (KT)              175

TABLE 156         EUROPE: FATS & OILS MARKET, BY FORM, 2020–2023 (USD MILLION)          175

TABLE 157         EUROPE: FATS & OILS MARKET, BY FORM, 2024–2029 (USD MILLION)          175

TABLE 158         EUROPE: FATS & OILS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 175

TABLE 159         EUROPE: FATS & OILS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 175

TABLE 160         GERMANY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          176

TABLE 161         GERMANY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          176

TABLE 162         GERMANY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 177

TABLE 163         GERMANY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 177

TABLE 164         GERMANY: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          177

TABLE 165         GERMANY: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          177

TABLE 166         GERMANY: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              178

TABLE 167         GERMANY: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              178

TABLE 168         UK: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (USD MILLION) 179

TABLE 169         UK: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (USD MILLION) 179

TABLE 170         UK: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)      179

TABLE 171         UK: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)      180

TABLE 172         UK: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          180

TABLE 173         UK: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          180

TABLE 174         UK: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              180

TABLE 175         UK: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              181

TABLE 176         FRANCE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          182

TABLE 177         FRANCE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          182

TABLE 178         FRANCE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 182

TABLE 179         FRANCE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 183

TABLE 180         FRANCE: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          183

TABLE 181         FRANCE: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          183

TABLE 182         FRANCE: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              183

TABLE 183         FRANCE: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              184

TABLE 184         ITALY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (USD MILLION)     184

TABLE 185         ITALY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (USD MILLION)     185

TABLE 186         ITALY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           185

TABLE 187         ITALY: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           185

TABLE 188         ITALY: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          186

TABLE 189         ITALY: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          186

TABLE 190         ITALY: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              186

TABLE 191         ITALY: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              186

TABLE 192         SPAIN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          187

TABLE 193         SPAIN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          188

TABLE 194         SPAIN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           188

TABLE 195         SPAIN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           188

TABLE 196         SPAIN: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          189

TABLE 197         SPAIN: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          189

TABLE 198         SPAIN: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              189

TABLE 199         SPAIN: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              189

TABLE 200         RUSSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          190

TABLE 201         RUSSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          190

TABLE 202         RUSSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           191

TABLE 203         RUSSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           191

TABLE 204         RUSSIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          191

TABLE 205         RUSSIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          191

TABLE 206         RUSSIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              192

TABLE 207         RUSSIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              192

TABLE 208         NETHERLANDS: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          193

TABLE 209         NETHERLANDS: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          193

TABLE 210         NETHERLANDS: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)    193

TABLE 211         NETHERLANDS: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)    194

TABLE 212         NETHERLANDS: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION) 194

TABLE 213         NETHERLANDS: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION) 194

TABLE 214         NETHERLANDS: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)      194

TABLE 215         NETHERLANDS: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)      195

TABLE 216         REST OF EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          196

TABLE 217         REST OF EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          196

TABLE 218         REST OF EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (KT) 196

TABLE 219         REST OF EUROPE: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (KT) 197

TABLE 220         REST OF EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)     197

TABLE 221         REST OF EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)     197

TABLE 222         REST OF EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)           197

TABLE 223         REST OF EUROPE: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)           198

TABLE 224         ASIA PACIFIC: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 199

TABLE 225         ASIA PACIFIC: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 200

TABLE 226         ASIA PACIFIC: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (KT)      200

TABLE 227         ASIA PACIFIC: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (KT)      200

TABLE 228         ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          201

TABLE 229         ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          201

TABLE 230         ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 201

TABLE 231         ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 202

TABLE 232         ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION) 202

TABLE 233         ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION) 202

TABLE 234         ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)      202

TABLE 235         ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)      203

TABLE 236         ASIA PACIFIC: FATS & OILS MARKET, BY SOURCE, 2020–2023 (USD MILLION) 203

TABLE 237         ASIA PACIFIC: FATS & OILS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 203

TABLE 238         ASIA PACIFIC: FATS & OILS MARKET, BY SOURCE, 2020–2023 (KT)      203

TABLE 239         ASIA PACIFIC: FATS & OILS MARKET, BY SOURCE, 2024–2029 (KT)      204

TABLE 240         ASIA PACIFIC: FATS & OILS MARKET, BY FORM, 2020–2023 (USD MILLION)          204

TABLE 241         ASIA PACIFIC: FATS & OILS MARKET, BY FORM, 2024–2029 (USD MILLION)          204

TABLE 242         ASIA PACIFIC: FATS & OILS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     204

TABLE 243         ASIA PACIFIC: FATS & OILS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     204

TABLE 244         CHINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          205

TABLE 245         CHINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          206

TABLE 246         CHINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           206

TABLE 247         CHINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           206

TABLE 248         CHINA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          207

TABLE 249         CHINA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          207

TABLE 250         CHINA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              207

TABLE 251         CHINA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              207

TABLE 252         INDIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (USD MILLION)     208

TABLE 253         INDIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (USD MILLION)     209

TABLE 254         INDIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           209

TABLE 255         INDIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           209

TABLE 256         INDIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          210

TABLE 257         INDIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          210

TABLE 258         INDIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              210

TABLE 259         INDIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              210

TABLE 260         JAPAN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          211

TABLE 261         JAPAN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          212

TABLE 262         JAPAN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           212

TABLE 263         JAPAN: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           212

TABLE 264         JAPAN: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          213

TABLE 265         JAPAN: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          213

TABLE 266         JAPAN: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              213

TABLE 267         JAPAN: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              213

TABLE 268         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (USD MILLION)          214

TABLE 269         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (USD MILLION)          215

TABLE 270         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)  215

TABLE 271         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)  215

TABLE 272         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY FAT TYPE,

2020–2023 (USD MILLION)          216

TABLE 273         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY FAT TYPE,

2024–2029 (USD MILLION)          216

TABLE 274         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)    216

TABLE 275         AUSTRALIA & NEW ZEALAND: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)    216

TABLE 276         INDONESIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          217

TABLE 277         INDONESIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          218

TABLE 278         INDONESIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 218

TABLE 279         INDONESIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 218

TABLE 280         INDONESIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION) 219

TABLE 281         INDONESIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION) 219

TABLE 282         INDONESIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)      219

TABLE 283         INDONESIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)      219

TABLE 284         MALAYSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          220

TABLE 285         MALAYSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          221

TABLE 286         MALAYSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 221

TABLE 287         MALAYSIA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 221

TABLE 288         MALAYSIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION) 222

TABLE 289         MALAYSIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION) 222

TABLE 290         MALAYSIA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              222

TABLE 291         MALAYSIA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              222

TABLE 292         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          223

TABLE 293         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          224

TABLE 294         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (KT) 224

TABLE 295         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (KT) 224

TABLE 296         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE,

2020–2023 (USD MILLION)          225

TABLE 297         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE,

2024–2029 (USD MILLION)          225

TABLE 298         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT) 225

TABLE 299         REST OF ASIA PACIFIC: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT) 225

TABLE 300         SOUTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     226

TABLE 301         SOUTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     226

TABLE 302         SOUTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (KT)           227

TABLE 303         SOUTH AMERICA: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (KT)           227

TABLE 304         SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          227

TABLE 305         SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          228

TABLE 306         SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (KT) 228

TABLE 307         SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (KT) 228

TABLE 308         SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)     229

TABLE 309         SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)     229

TABLE 310         SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)           229

TABLE 311         SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)           229

TABLE 312         SOUTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2020–2023 (USD MILLION) 230

TABLE 313         SOUTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 230

TABLE 314         SOUTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2020–2023 (KT)      230

TABLE 315         SOUTH AMERICA: FATS & OILS MARKET, BY SOURCE, 2024–2029 (KT)      230

TABLE 316         SOUTH AMERICA: FATS & OILS MARKET, BY FORM, 2020–2023 (USD MILLION) 230

TABLE 317         SOUTH AMERICA: FATS & OILS MARKET, BY FORM, 2024–2029 (USD MILLION) 231

TABLE 318         SOUTH AMERICA: FATS & OILS MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          231

TABLE 319         SOUTH AMERICA: FATS & OILS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          231

TABLE 320         BRAZIL: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          232

TABLE 321         BRAZIL: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          232

TABLE 322         BRAZIL: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           233

TABLE 323         BRAZIL: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           233

TABLE 324         BRAZIL: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          233

TABLE 325         BRAZIL: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          234

TABLE 326         BRAZIL: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              234

TABLE 327         BRAZIL: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              234

TABLE 328         ARGENTINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          235

TABLE 329         ARGENTINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          236

TABLE 330         ARGENTINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 236

TABLE 331         ARGENTINA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 236

TABLE 332         ARGENTINA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION) 237

TABLE 333         ARGENTINA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION) 237

TABLE 334         ARGENTINA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)      237

TABLE 335         ARGENTINA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)      237

TABLE 336         REST OF SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          238

TABLE 337         REST OF SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          239

TABLE 338         REST OF SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (KT) 239

TABLE 339         REST OF SOUTH AMERICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (KT) 239

TABLE 340        REST OF SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE,

2020–2023 (USD MILLION)          240

TABLE 341        REST OF SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE,

2024–2029 (USD MILLION)          240

TABLE 342        REST OF SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT) 240

TABLE 343        REST OF SOUTH AMERICA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT) 240

TABLE 344         ROW: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          241

TABLE 345         ROW: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          241

TABLE 346         ROW: FATS & OILS MARKET, BY COUNTRY, 2020–2023 (KT)              241

TABLE 347         ROW: FATS & OILS MARKET, BY COUNTRY, 2024–2029 (KT)              242

TABLE 348         ROW: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (USD MILLION)     242

TABLE 349         ROW: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (USD MILLION)     242

TABLE 350         ROW: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           243

TABLE 351         ROW: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           243

TABLE 352         ROW: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          243

TABLE 353         ROW: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          243

TABLE 354         ROW: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              244

TABLE 355         ROW: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              244

TABLE 356         ROW: FATS & OILS MARKET, BY SOURCE, 2020–2023 (USD MILLION)          244

TABLE 357         ROW: FATS & OILS MARKET, BY SOURCE, 2024–2029 (USD MILLION)          244

TABLE 358         ROW: FATS & OILS MARKET, BY SOURCE, 2020–2023 (KT)              245

TABLE 359         ROW: FATS & OILS MARKET, BY SOURCE, 2024–2029 (KT)              245

TABLE 360         ROW: FATS & OILS MARKET, BY FORM, 2020–2023 (USD MILLION)          245

TABLE 361         ROW: FATS & OILS MARKET, BY FORM, 2024–2029 (USD MILLION)          245

TABLE 362         ROW: FATS & OILS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          245

TABLE 363         ROW: FATS & OILS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          246

TABLE 364        MIDDLE EAST: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          247

TABLE 365        MIDDLE EAST: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          247

TABLE 366        MIDDLE EAST: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT) 248

TABLE 367        MIDDLE EAST: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT) 248

TABLE 368         MIDDLE EAST: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION) 248

TABLE 369         MIDDLE EAST: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION) 248

TABLE 370         MIDDLE EAST: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)      249

TABLE 371         MIDDLE EAST: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)      249

TABLE 372         AFRICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2020–2023 (USD MILLION)          250

TABLE 373         AFRICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE,

2024–2029 (USD MILLION)          250

TABLE 374         AFRICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2020–2023 (KT)           250

TABLE 375         AFRICA: FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024–2029 (KT)           251

TABLE 376         AFRICA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (USD MILLION)          251

TABLE 377         AFRICA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (USD MILLION)          251

TABLE 378         AFRICA: FATS & OILS MARKET, BY FAT TYPE, 2020–2023 (KT)              252

TABLE 379         AFRICA: FATS & OILS MARKET, BY FAT TYPE, 2024–2029 (KT)              252

TABLE 380         OVERVIEW OF STRATEGIES ADOPTED BY KEY FATS & OILS VENDORS          253

TABLE 381         FATS & OILS MARKET: DEGREE OF COMPETITION         257

TABLE 382         FATS & OILS MARKET: REGION FOOTPRINT      264

TABLE 383         FATS & OILS MARKET: TYPE FOOTPRINT           265

TABLE 384         FATS & OILS MARKET: APPLICATION FOOTPRINT         266

TABLE 385         FATS & OILS MARKET: SOURCE FOOTPRINT      267

TABLE 386         FATS & OILS MARKET: DETAILED LIST OF KEY STARTUPS/SMES, 2023  270

TABLE 387         FATS & OILS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES           271

TABLE 388         FATS & OILS MARKET: PRODUCT LAUNCHES, FEBRUARY 2023              272

TABLE 389         FATS & OILS MARKET: DEALS, AUGUST 2021–JUNE 2024 272

TABLE 390         FATS & OILS MARKET: EXPANSIONS, NOVEMBER 2020–NOVEMBER 2023            275

TABLE 391         FATS & OILS MARKET: OTHER DEALS/DEVELOPMENTS, MAY 2020–2024          278

TABLE 392         ADM: COMPANY OVERVIEW     279

TABLE 393         ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED      280

TABLE 394         ADM: EXPANSIONS        281

TABLE 395         ADM: OTHER DEALS/DEVELOPMENTS 281

TABLE 396         WILMAR INTERNATIONAL LTD: COMPANY OVERVIEW 283

TABLE 397         WILMAR INTERNATIONAL LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED   284

TABLE 398         WILMAR INTERNATIONAL LTD: DEALS 285

TABLE 399         WILMAR INTERNATIONAL LTD: EXPANSIONS   286

TABLE 400         CARGILL, INCORPORATED: COMPANY OVERVIEW        287

TABLE 401         CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   288

TABLE 402         CARGILL, INCORPORATED: PRODUCT LAUNCHES        292

TABLE 403         CARGILL, INCORPORATED: DEALS        292

TABLE 404         CARGILL, INCORPORATED: EXPANSIONS           293

TABLE 405         CARGILL, INCORPORATED: OTHER DEALS/DEVELOPMENTS              295

TABLE 406         BUNGE: COMPANY OVERVIEW 296

TABLE 407         BUNGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED  297

TABLE 408         BUNGE: DEALS 298

TABLE 409         KUALA LUMPUR KEPONG BERHAD: COMPANY OVERVIEW              300

TABLE 410         KUALA LUMPUR KEPONG BERHAD: PRODUCTS/SOLUTIONS/SERVICES OFFERED   301

TABLE 411         KUALA LUMPUR KEPONG BERHAD: DEALS       302

TABLE 412         OLAM AGRI HOLDINGS PTE LTD.: COMPANY OVERVIEW              303

TABLE 413         OLAM AGRI HOLDINGS PTE LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   304

TABLE 414         OLAM AGRI HOLDINGS PTE LTD: OTHER DEALS/DEVELOPMENTS            305

TABLE 415         MEWAH GROUP: COMPANY OVERVIEW 306

TABLE 416         MEWAH GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED              307

TABLE 417         ASSOCIATED BRITISH FOODS PLC: COMPANY OVERVIEW              309

TABLE 418         ASSOCIATED BRITISH FOODS PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   310

TABLE 419         UNITED PLANTATIONS BERHAD: COMPANY OVERVIEW              312

TABLE 420         UNITED PLANTATIONS BERHAD: PRODUCTS/SOLUTIONS/SERVICES OFFERED   313

TABLE 421         AJINOMOTO CO., INC.: COMPANY OVERVIEW   315

TABLE 422         AJINOMOTO CO., INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          316

TABLE 423         FUJI OIL CO., LTD.: COMPANY OVERVIEW         317

TABLE 424         FUJI OIL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          318

TABLE 425         FUJI OIL CO., LTD.: EXPANSIONS            318

TABLE 426         AAK AB: COMPANY OVERVIEW 319

TABLE 427         AAK AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED  320

TABLE 428         AAK AB: DEALS 321

TABLE 429         K. S. OILS LIMITED: COMPANY OVERVIEW         322

TABLE 430         K. S. OILS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED          322

TABLE 431         OLEO-FATS: COMPANY OVERVIEW       323

TABLE 432         OLEO-FATS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              323

TABLE 433         MANILDRA GROUP: COMPANY OVERVIEW        324

TABLE 434         MANILDRA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          324

TABLE 435         BORGES AGRICULTURAL & INDUSTRIAL EDIBLE OILS, S.A.U.: COMPANY OVERVIEW  325

TABLE 436         BORGES AGRICULTURAL & INDUSTRIAL EDIBLE OILS, S.A.U.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   325

TABLE 437         CSM INGREDIENTS: COMPANY OVERVIEW        326

TABLE 438         CSM INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          326

TABLE 439         SD GUTHRIE INTERNATIONAL ZWIJNDRECHT REFINERY B.V.: COMPANY OVERVIEW  327

TABLE 440         SD GUTHRIE INTERNATIONAL ZWIJNDRECHT REFINERY B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   327

TABLE 441         SD GUTHRIE INTERNATIONAL ZWIJNDRECHT REFINERY B.V.:

OTHER DEALS/DEVELOPMENTS            327

TABLE 442         MUSIM MAS GROUP: COMPANY OVERVIEW       329

TABLE 443         MUSIM MAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          329

TABLE 444         RICHARDSON INTERNATIONAL LIMITED: COMPANY OVERVIEW        331

TABLE 445         RICHARDSON INTERNATIONAL LIMITED: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      331

TABLE 446         RICHARDSON INTERNATIONAL LIMITED: DEALS           332

TABLE 447         GOODHOPE ASIA HOLDINGS LTD: COMPANY OVERVIEW              333

TABLE 448         VEGA FOODS: COMPANY OVERVIEW    334

TABLE 449         ALAMI COMMODITIES SDN BHD: COMPANY OVERVIEW              335

TABLE 450         GEMINI EDIBLES & FATS INDIA LIMITED: COMPANY OVERVIEW        336

TABLE 451         IFFCO: COMPANY OVERVIEW   337

TABLE 452         ADJACENT MARKETS TO FATS & OILS MARKET 338

TABLE 453         EDIBLE OILS MARKET, BY REGION, 2018–2021 (USD MILLION)              339

TABLE 454         EDIBLE OILS MARKET, BY REGION, 2022–2027 (USD MILLION)              339

TABLE 455         ESSENTIAL OILS MARKET, BY REGION, 2017–2021 (USD MILLION)          341

TABLE 456         ESSENTIAL OILS MARKET, BY REGION, 2022–2027 (USD MILLION)          341

TABLE 457         SPECIALTY FATS & OILS MARKET, BY REGION, 2016–2019 (USD MILLION)          342

TABLE 458         SPECIALTY FATS & OILS MARKET, BY REGION, 2020–2026 (USD MILLION)          342

LIST OF FIGURES

FIGURE 1           FATS & OILS MARKET: RESEARCH DESIGN         37

FIGURE 2           BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE,

DESIGNATION, AND REGION    40

FIGURE 3           FATS & OILS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH       41

FIGURE 4           FATS & OILS MARKET SIZE CALCULATION: SUPPLY-SIDE ANALYSIS          42

FIGURE 5           FATS & OILS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH       43

FIGURE 6           DATA TRIANGULATION             44

FIGURE 7           SOYBEAN OIL TO BE LARGEST SEGMENT OF FATS & OILS MARKET

DURING FORECAST PERIOD     49

FIGURE 8           BUTTER & MARGARINE TO BE LARGEST FAT TYPE SEGMENT OF

FATS & OILS MARKET DURING FORECAST PERIOD        49

FIGURE 9           VEGETABLE SOURCE SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD       50

FIGURE 10         LIQUID FORM SEGMENT TO HOLD LARGER MARKET SIZE DURING

FORECAST PERIOD       51

FIGURE 11         FOOD APPLICATION SEGMENT TO HOLD LARGER MARKET SIZE

DURING FORECAST PERIOD     51

FIGURE 12         ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023      52

FIGURE 13         RISE IN INNOVATION WITH HEALTHIER OIL ALTERNATIVES TO MEET

GROWING CONSUMER DEMAND           53

FIGURE 14         CHINA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD       54

FIGURE 15         CHINA TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC MARKET IN 2024             54

FIGURE 16         PALM OIL SEGMENT TO LEAD FATS & OILS MARKET DURING FORECAST PERIOD       55

FIGURE 17         BUTTER & MARGARINE SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD       56

FIGURE 18         LIQUID FORM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       56

FIGURE 19         VEGETABLE SOURCE SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD       57

FIGURE 20         FOOD APPLICATION TO LEAD FATS & OILS MARKET DURING FORECAST PERIOD       57

FIGURE 21         OBESITY RATE IN KEY COUNTRIES (%) 59

FIGURE 22         GLOBAL POPULATION GROWTH, 1950–2050 (BILLION) 60

FIGURE 23         GDP GROWTH, 2016–2023 (TRILLION)   60

FIGURE 24         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

IN FATS & OILS MARKET            61

FIGURE 25         GLOBAL: VEGETABLE OILS PRODUCTION, 2017–2021 (MILLION TONNES)      63

FIGURE 26         ADOPTION OF GEN AI IN FOOD & BEVERAGE PRODUCTION PROCESS           68

FIGURE 27         FATS & OILS MARKET: SUPPLY CHAIN ANALYSIS            73

FIGURE 28         VALUE CHAIN ANALYSIS: FATS & OILS MARKET 74

FIGURE 29         EXPORT VALUE OF VEGETABLE FATS & OILS FOR KEY COUNTRIES,

2019–2023 (USD THOUSAND)     77

FIGURE 30         IMPORT VALUE OF VEGETABLE FATS & OILS FOR KEY COUNTRIES,

2019–2023 (USD THOUSAND)     77

FIGURE 31         AVERAGE SELLING PRICE TREND, BY VEGETABLE OIL TYPE (USD/TON)       82

FIGURE 32         AVERAGE SELLING PRICE TREND, BY FAT TYPE (USD/TON)              83

FIGURE 33         AVERAGE SELLING PRICE TREND, BY REGION (USD/TON)              84

FIGURE 34         KEY PLAYERS IN FATS & OILS ECOSYSTEM         85

FIGURE 35         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              86

FIGURE 36         NUMBER OF PATENTS GRANTED FOR FATS & OILS MARKET, 2013–2023          87

FIGURE 37         REGIONAL ANALYSIS OF PATENTS GRANTED FOR FATS & OILS

MARKET, 2013–2023       88

FIGURE 38         PORTER’S FIVE FORCES ANALYSIS: FATS & OILS MARKET              100

FIGURE 39         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

FATS & OILS PRODUCT TYPES  103

FIGURE 40         KEY BUYING CRITERIA FOR FATS & OILS PRODUCT TYPES              104

FIGURE 41         INVESTMENT AND FUNDING SCENARIO, 2020–2024 (USD MILLION)          105

FIGURE 42         FATS & OILS MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)          107

FIGURE 43         FATS & OILS MARKET SIZE, BY FORM, 2024 VS. 2029 (USD MILLION)          114

FIGURE 44         FATS & OILS MARKET, BY VEGETABLE OIL TYPE, 2024 VS. 2029 (USD MILLION) 119

FIGURE 45         SOYBEAN OIL INPUTS FOR BIODIESEL PRODUCTION IN US, 2019–2023          124

FIGURE 46         FATS & OILS MARKET, BY FAT TYPE, 2024 VS. 2029 (USD MILLION)          133

FIGURE 47         FATS & OILS MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)          142

FIGURE 48         ITALY AND CHINA TO BE FASTEST-GROWING COUNTRIES IN FATS & OILS MARKET DURING FORECAST PERIOD (VALUE)      153

FIGURE 49         EUROPE: FATS & OILS MARKET SNAPSHOT       170

FIGURE 50         ASIA PACIFIC: FATS & OILS MARKET SNAPSHOT             199

FIGURE 51         REVENUE ANALYSIS FOR KEY COMPANIES IN LAST THREE YEARS,

2021–2023 (USD BILLION)           256

FIGURE 52         SHARE OF LEADING COMPANIES IN FATS & OILS MARKET, 2023              257

FIGURE 53         COMPANY VALUATION OF KEY FATS & OILS VENDORS 258

FIGURE 54         EV/EBITDA OF KEY COMPANIES            259

FIGURE 55         BRAND/PRODUCT COMPARISON ANALYSIS, BY TYPE   259

FIGURE 56         FATS & OILS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 262

FIGURE 57         FATS & OILS MARKET: COMPANY FOOTPRINT  263

FIGURE 58         FATS & OILS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023             269

FIGURE 59         ADM: COMPANY SNAPSHOT     280

FIGURE 60         WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT 284

FIGURE 61         CARGILL, INCORPORATED: COMPANY SNAPSHOT        287

FIGURE 62         BUNGE: COMPANY SNAPSHOT 297

FIGURE 63         KUALA LUMPUR KEPONG BERHAD: COMPANY SNAPSHOT              301

FIGURE 64         OLAM AGRI HOLDINGS PTE LTD: COMPANY SNAPSHOT              304

FIGURE 65         MEWAH GROUP: COMPANY SNAPSHOT             306

FIGURE 66         ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT              310

FIGURE 67         UNITED PLANTATIONS BERHAD: COMPANY SNAPSHOT              313

FIGURE 68         AJINOMOTO CO., INC.: COMPANY SNAPSHOT  315

FIGURE 69         FUJI OIL CO., LTD.: COMPANY SNAPSHOT         317

FIGURE 70         AAK AB: COMPANY SNAPSHOT 320