High Oleic Oil Market to reach USD 15.49 Billion at a CAGR of 5.8 percent by 2030- Says Maximize Market Research

May 13 17:02 2024
High Oleic Oil Market to reach USD 15.49 Billion at a CAGR of 5.8 percent by 2030- Says Maximize Market Research
High Oleic Oil Market
High Oleic Oil Market size of the North America region is expected to dominate the market during the forecast period. High Oleic Oil Market analysis was conducted by dividing it into Type, Source, Application, and Distribution. The bottom-up approach was used to estimate the High Oleic Oil Market size.

Maximize Market research, a leading Food & Beverages business consultancy and research firm has published a report on the “High Oleic Oil Market”. The total market opportunity for High Oleic Oil Market was USD 10.44 Bn in 2023 and is expected to grow at a CAGR 5.8 percent through the forecast period, reaching USD 15.49 Bn by 2030. Changing consumer preference significantly boost the High Oleic Oil Market growth.

High Oleic Oil Market Scope and Research Methodology

Market Size in 2023: USD 10.44 Billion

Market Size in 2030: USD 15.49 Billion

CAGR: 5.8 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 220

No. of Tables: 138

No. of Charts and Figures: 191 

Segment Covered: By Type, Source, Application, and Distribution

Regional Scope: North America, Europe, Asia Pacific, and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs

The report includes a detailed analysis of the High Oleic Oil Market. The competitive analysis in the report includes a company overview, financial performance, product portfolio, and strategies of the key players in the High Oleic Oil industry. Key insights provided in the report are the major drivers of the Market, the challenges faced by the market participants, and growth prospects in the Market across the world. The High Oleic Oil Market report covers a detailed analysis of the investments of market players to increase their global presence in the industry, which makes it an investor’s guide.

The segments covered in the report are Type, Source, Application, and Distribution. Primary and Secondary research method was used to collect data for the High Oleic Oil market report. Primary research was conducted to validate the findings from the secondary research method. The High Oleic Oil size was estimated by using a bottom-up approach.

High Oleic Oil Market Overview

High oleic oil is rich in monounsaturated fats, specifically oleic acid. This type of oil offers several benefits, including improved shelf stability and resistance to oxidation, making it suitable for various culinary and industrial applications. With growing concerns about heart health and the negative effects of trans fats and saturated fats, consumers are actively seeking healthier alternatives. High oleic oils, with their high monounsaturated fat content, are perceived as a healthier option compared to traditional oils like palm oil or partially hydrogenated oils.

High Oleic Oil Market Dynamics

The High Oleic Oil Market is witnessing significant growth, propelled by factors increased consumer preference, changing lifestyle, and increased health benefits.  An in-depth analysis in the report delves into the market dynamics, offering valuable insights into the catalysts fuelling its growth. It underscores the health advantages associated with high oleic oil, such as its positive influence on cholesterol levels and the mitigation of heart disease risk. The heightened stability and prolonged shelf life of high oleic oils position them as preferred options for frying applications, leading to cost efficiencies for enterprises. Additionally, consumer preferences for healthier food alternatives significantly Increase the market size, with the lower trans-fat content in high oleic oils aligning seamlessly with this trend. The neutral flavor profile of high oleic oils allows for their versatile incorporation across a broad spectrum of food products, amplifying their appeal to both manufacturers and consumers. Furthermore, the adoption of high oleic oils contributes to sustainability efforts and eco-conscious practices, presenting them as environmentally friendly choices.

Although High Oleic (HO) oil offers numerous advantages, its production has encountered stagnation owing to various factors. Olivero noted that conventional oilseed and oil attract more buyers compared to the HO alternative, and transitioning from the conventional to the HO variety results in a yield loss. Additionally, there are costs associated with segregation that buyers often fail to comprehend, which significantly restraints the High Oleic Oil Market growth.

High Oleic Oil Market Regional Insight

North America dominated the market in 2023 and is expected to hold the largest High Oleic Oil Market share over the forecast period. The surge in demand for healthier food options, fuelled by consumers’ increasing awareness of the health benefits associated with high-oleic oils, is a significant driver of the high-oleic oil market growth in North America. The United States, a major consumer and producer of high oleic oils, is predominantly influenced by demand from the food-service and processed food sectors. The market is characterized by key players, advanced production technologies, and a well-established distribution network.

The country places emphasis on sustainable sourcing and organic production methods, prompting market players to diversify and innovate to meet specific dietary preferences. This has led to the emergence of a diverse range of high-oleic oil products tailored to consumer demands.

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High Oleic Oil Market Segmentation

By Type

  • Sunflower Oil
  • Canola Oil
  • Soybean Oil
  • Safflower Oil
  • Rapeseed Oil
  • Others

Based on Type, Sunflower Oil segment dominated the market in 2023 and is expected to hold the largest High Oleic Oil Market share over the forecast period. Sunflower oil naturally contains a combination of monounsaturated, polyunsaturated, and saturated fats. However, through selective breeding and genetic modification, sunflower varieties with elevated levels of oleic acid, a monounsaturated fat, are developed. This results in sunflower oil with a higher concentration of oleic acid and reduced levels of polyunsaturated fats. High oleic sunflower oil offers health benefits similar to other high oleic oils, such as improved heart health and cholesterol levels due to its high monounsaturated fat content.

By Source

  • Organic
  • Conventional

By Application

  • Food
  • Health Supplements
  • Personal Care
  • Biodiesel
  • Plastic and Rubbers
  • Coating, Paints, and Inks
  • Others

By Distribution

  • Supermarkets and
  • Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

High Oleic Oil Key Players Include:

  1. Archer Daniels Midland Company (United States)
  2. Bunge Limited (United States)
  3. Cargill, Incorporated (United States)
  4. Conagra Brands, Inc. (United States)
  5. AG Processing Inc. (United States)
  6. IOI Corporation Berhad (Malaysia)
  7. Wilmar International Ltd. (Singapore)
  8. Marico Limited (India)
  9. Fuji Oil Holdings Inc. (Japan)
  10. Louis Dreyfus Company B.V. (Netherlands)
  11. Deoleo, S.A. (Spain)
  12. Austrade Inc. (Argentina)
  13. Tradin Organic Agriculture B.V. (Netherlands)
  14. Olam International Limited (Singapore)

Key questions answered in the High Oleic Oil Market are:

  • What is High Oleic Oil?
  • What is the current growth rate of the High Oleic Oil Market?
  • Who are the key players in the High Oleic Oil Market?
  • What are the factors affecting growth in the High Oleic Oil Market?
  • Which segment largest market share in High Oleic Oil Market?
  • What is the demand pattern for the High Oleic Oil Market?
  • What are the key trends in High Oleic Oil?
  • What are the strategies used by competitors in the High Oleic Oil Market?
  • What are the growth prospects in developing countries for the High Oleic Oil Market?
  • Which segment is expected to witness the fastest growth and why in the High Oleic Oil Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Type, Source, Application, Distribution and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:

Edible Oils MarketEdible Oils Market size was valued at USD 122.31 Bn. in 2023 and the total Edible Oils revenue is expected to grow by 7.6 percent from 2024 to 2030, reaching nearly USD 204.25 Bn. Growing demand for fast food across the world increasing demand for edible oils.

Rice Bran Oil Market: The Global Rice Bran Oil Market size was valued at USD 7.21 Bn in 2022 and is expected to reach USD 13.52 Bn by 2029, at a CAGR of 9.4 percent Health Consciousness Trend and Food Industry Embracing Healthier Options are driving the Rice Bran Oil Market.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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