The global high oleic oil market is expected to exhibit a growth rate (CAGR) of 5.25% during 2023-2028.
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.
High Oleic Oil Market Trends:
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global high oleic oil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, source, application and distribution channel.
Breakup by Type:
- Sunflower Oil
- Soybean Oil
- Safflower Oil
- Canola Oil
Breakup by Source:
Breakup by Application:
- Personal Care
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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 Foods 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
||Type, Source, Application, Distribution Channel, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Adams Group Inc., Archer Daniels Midland Company, Aston Foods 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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Key Questions Answered in This Report:
- How has the global high oleic oil market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global high oleic oil market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global high oleic oil market and who are the key players?
- What is the degree of competition in the industry?