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The organic edible oil market is estimated to grow by USD 3,126.37 million at a CAGR of 10.33% between 2022 and 2027. The growth of the market depends on several factors, including increasing demand for trans-fat-free oils, numerous uses of these, and their benefits. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market share growth by the organic soybean oil segment will be significant during the forecast period. By cold pressing and filtering soybean seeds that were grown without the use of harmful fertilizers, GMOs, or chemicals, organic soybean oil is created. For better flavor and taste, the oil is organically refined, bleached, and deodorized. Because it is light, flavorless, and clear, soybean oil is used as a neutral ingredient. Moreover, compared to other oils, its price is lower. It is, therefore, frequently used as vegetable oil.
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The organic soybean oil segment was valued at USD 1,030.83 million in 2017 and continued to grow until 2021. Inorganic soybean oil is less popular than organic soybean oil. This is because inorganic soybean oil, which has little saturated fat, is a dangerous component of processed foods. As opposed to inorganic soybean oil, which promotes chronic inflammation and high levels of hemagglutinin, soybean oil is safer and healthier. It has a higher concentration of omega-3 and omega-6 fatty acids and offers exceptional emollient properties. Lecithin, phosphoric acid, sterolins, and vitamin E are also abundant in them. The demand for organic food products is increasing as consumers become more health conscious. Hence, Companies now sell certified soybean oil in response to the rising demand for biological, non-GMO food products. Therefore, these factors are expected to drive the growth of the global market through the soyabean oil segment during the forecast period.
The benefits are notably driving the market growth, although factors such as the certification challenges faced by the producers may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The benefits of organic edible oils are notably driving market growth. Compared to conventionally produced, these has a lower level of pesticides and chemicals. When buying bio products, one can be sure that no harmful pesticides, fertilizers, or genetically modified organisms were used in their production. Authorities from the government must also certify and inspect producers and processors. These oils are also less likely to contain pesticide residues, nitrates, or cadmium than non-organic, making them safer to consume. Therefore, using organic lowers a number of health risks.
This is made entirely from natural components and do not contain any artificial substances. They are created by pressing kernels at a specific temperature. Thus, their nutritional value is preserved. They are also employed to enhance both mental and physical health. For instance, the presence of lauric acid in the oil helps to strengthen the immune system. Similarly, it also aids in providing relief from the physical and mental side effects of anxiety and depression. Therefore, the growing awareness among consumers about the several benefits of is expected to drive its demand, thereby significantly driving the growth of the global market during the forecast period.
The increasing prominence of private-label brands is an emerging trend in the market. Private-label organic are increasingly being prioritized by retailers all over the world. To boost their profits, different retailers are selling various kinds of organic under their private-label brands, which is fostering the expansion of the market on a global scale. According to research, the private-label product market expanded in scope and size over the previous ten years.
Prices for private-label goods are lower than those for branded goods. As a result, consumers who are price sensitive are more likely to buy these products. Supermarket chains have begun giving their private-label products more shelf space and are taking part in a number of marketing and promotional initiatives. As the demand for private-label brands is expected to increase, which, in turn, is expected to aid the growth of the global market during the forecast period.
Certification challenges faced by the producers of these are major issues impeding market growth. It must undergo pricey certification procedures, drawn-out government approval processes, and international validation to be recognized as an organic product. Because every ingredient used and every step of the production process must receive approval from organic certification organizations, certification is expensive. Players must explain and provide thorough documentation of the procedure and production formula as part of the certification agencies' review and inspection process. Moreover, the company must also pay for the reviews, assessments, and travel of the certifying authorities.
Furthermore, the requirements needed to have their products certified as organic are frequently not fully understood by the majority of Companies. The products are produced, grown, and inspected to ensure they adhere to the organic standards established by authorities like the IOAS. Additionally, the certification process might be delayed by the insufficient availability of supporting infrastructure facilities needed for the verification process. Hence, such challenges associated with certification will be a major challenge to the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Adams Group - The company offers a wide range of products and customer services that include Adams grain, Adams vegetable oils, Adams trucking, and Adams seeds. The key offerings of the company include coconut oil, soyabean oil, and palm oil.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
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APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Over the past five years, the demand has increased in the APAC region. This is due to the rising disposable income, increased consumer awareness of the health benefits and the expansion of the local retail industry. To meet the rising demand, the major market players are primarily concentrating on enhancing their product offerings and production capabilities. Furthermore, the rising demand for premium organic oils like olive oil, coconut oil, and avocado oil is one of the biggest trends in the APAC market. These oils are well-liked by health-conscious consumers due to their high nutritional value and distinctive flavor. Thus, all the above-mentioned factors will fuel the growth of the regional market during the forecast period. The major countries contributing to the growth of the market in APAC are China, India, Australia, Thailand, and South Korea.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The market is experiencing a significant surge driven by health and wellness trends and increasing consumer preference for high-quality and healthy products. Consumers are shifting towards organic products due to growing environmental concerns and the demand for sustainable alternatives. Government regulations and certificates play a crucial role in ensuring the authenticity and quality of these products.
The market is witnessing a rise in plant-based products, especially in the food industry, where natural foods are gaining popularity. Farmers are adopting organic farming practices, utilizing natural and sustainable methods to produce oils like soya oil, which is beneficial for bone metabolism due to its Vitamin K content. Supermarkets and hypermarkets are key distribution channels, catering to the rising demand for organic food. In countries like India, Mustard oil, Sunflower oil, Groundnut oil, and Sesame oil are prominent in the market, with brands like Conscious Food, Pure & Sure, 24 Mantra Organic, Organic India, and Kisan leading the way. In the US and the UK, Sesame oil is particularly popular, with brands like Soil Association, Spectrum Naturals, Cargill Incorporated, and Bunge Limited making strides. Recent developments indicate a growing focus on organic and sustainable practices, reflecting the market's evolving dynamics.
Organic Edible Oil Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.33% |
Market growth 2023-2027 |
USD 3,126.37 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.66 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 34% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adams Group, Agronic Food Pvt. Ltd., Aryan International, B and G Foods Inc., Black and Green, Bunge Ltd., Cargill Inc., Catania Spagna, Clearspring Ltd., Conagra Brands Inc., Eden Foods Inc., EFKO, ENZO Olive Oil Co., Nimbark Organic, NOW Health Group Inc., Nutiva Inc., ShanCha Inc., The Grupo Daabon, The Hain Celestial Group Inc., TIANA Fairtrade Organics Ltd., and Viva Naturals Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Historic Market Size
6 Historic Market Size
7 Historic Market Size
8 Five Forces Analysis
9 Market Segmentation by End-user
10 Market Segmentation by Distribution Channel
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Trends
14 Vendor Landscape
15 Vendor Analysis
16 Appendix
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