The global high oleic oil market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
High oleic (HO) oil is a vegetable oil comprising high levels of oleic acid, which is beneficial for overall heart health. It improves thermal stability, offers superior resistance against oxidation, and assists in extending the shelf life of vegetable oil and reducing its wastage. As a result, it is widely utilized in the production of packaged goods and non-dairy creamers. It is also used for sauteing, deep-frying, and stir-frying in the residential as well as the commercial sector across the globe.
The increasing utilization of HO oil in the food and beverage (F&B) industry around the world represents one of the key factors strengthening the growth of the market. It is extensively used in the preparation of par-fried snacks, such as corn chips and potato chips, and different sauces, dressings, and marinades. Besides this, it is also employed in the personal care and cosmetic industries as it assists in preventing wrinkles, acne, blemishes, and fine lines. Moreover, it is utilized as base fluid or additive in transformer fluids, poly-alpha-olefin (PAO) or group-III-based-synthetic oil formulations, and hydraulic fluids. Furthermore, the U.S food and drug administration (FDA) supports health claims that edible oils containing high levels of oleic acid minimize the risk of heart diseases. Continuous support from renowned institutions is contributing to the increasing sales of HO oil across the globe. Some of the other factors, including increasing awareness about preventive healthcare among consumers on account of growing chronic diseases, the escalating demand for oleochemicals, the flourishing bio-based chemical sector, and rising research and development (R&D) activities, are anticipated to create a favorable market outlook.
IMARC Group provides an analysis of the key trends in each sub-segment of the global high oleic oil market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, source, application and distribution channel.
Breakup by Type:
Breakup by Source:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles 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) and Richardson International Limited.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Source, Application, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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) and Richardson International Limited.|
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