South & Central America Edible Oils and Fats Market Forecast to 2030
South & Central America Edible Oils and Fats Market Forecast to 2030 – Regional Analysis – By Type [Fats (Butter, Margarine, Palm Oil Based Shortening, Vegetable Oil Based Shortening, and Others) and Oils (Soybean Oil, Sunflower Oil, Palm Oil, Canola Oil/Rapeseed Oil, and Others)], and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, RTE and RTC Meals, Snacks, and Others), Animal Nutrition, and Pharmaceuticals and Nutraceuticals]
$2,840 – $4,440
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Description
Strategic Development Initiatives by Manufacturers Drive South & Central America Edible Oils and Fats Market
Manufacturers of edible fats and oils invest significantly in the expansion of business and production capacity to serve their customer base better and meet their consumer requirements. In 2023, Bunge BG.N agreed to purchase 66% KS’s equity stake held by South Korean CJ Cheiljedang Corporation in Brazilian soy crusher CJ Selecta. Its position as a major soy processor and the leading oilseed producer and supplier in the world was strengthened by the acquisition. Also, ADM increased Brazil’s soy crushing capacity. To satisfy high local and export demand, the company said that it will increase its crush capacity by 400,000 metric tons annually across three sites. Thus, the business expansion strategies of prominent players drive the edible oils and fats market growth.
South & Central America Edible Oils and Fats Market Overview
The South & Central America edible fats and oils market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The snack food sector in the South & central America is booming, owing to the rising consumer preference for different snacking options such as frozen snacks, savory snacks, fruit snacks, confectionery snacks, and bakery snacks. Edible oils and fats play an integral role, as they provide distinctive flavors to food and provide unique and desirable functions in manufacturing snacks. For example, oils are the frying media for deep-fried food, and in pastries, vegetable oil-based shortenings are added to prevent the flour and other ingredients from clumping. Hence, the rising demand for different snacks, and the benefits associated with the edible oils and fats further surging the demand for edible oils and fats in the snacking sector in the region.
Furthermore, the demand for edible oils and fats in the end-use industry such as animal nutrition has seen rise in the region. According to the Oil World, in 2022, China purchased around 70% of the Brazilian soybean oil, mainly for animal protein consumption. Moreover, expanding animal nutrition, pharmaceuticals, and nutraceuticals industries drive the demand for specialized edible oils and fats. These industries require specific types of oils for various applications, such as in animal feed formulations and pharmaceutical formulations. As these sectors grow and diversify, the demand for their unique requirements increases, fueling the South & Central America edible oils and fats market growth.
South & Central America Edible Oils and Fats Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Edible Oils and Fats Market Segmentation
The South & Central America edible oils and fats market is segmented based on type, application, and country.
Based on type, the South & Central America edible oils and fats market is bifurcated into oils and fats. The oils segment held a larger share in 2023 . The fats segment is further subsegmented into butter, margarine, palm oil based shortening, vegetable oil based shortening, and others. The oils segment is further subsegmented into soybean oil, sunflower oil, palm oil, canola oil/rapeseed oil, and others.
By application, the South & Central America edible oils and fats market is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals . The food and beverages segment held the largest share in 2023. The food and beverages segment is further subsegmented into bakery and confectionery, dairy and frozen desserts, RTE and RTC meals, snacks, and others.
Based on country, the South & Central America edible oils and fats market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America edible oils and fats market in 2023.
AAK AB, Archer-Daniels-Midland Co, Bunge Ltd, Cargill Inc, ConnOils LLC, Fuji Oil Co Ltd, Kao Corp, Louis Dreyfus Co BV, and Olam Group Ltd are some of the leading companies operating in the South & Central America edible oils and fats market.
Summary Info
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According to the Research Team’ research, the South & Central America edible oils and fats market was valued at US$ 5,254.25 million in 2023 and is expected to reach US$ 7,983.83 million by 2030, registering a CAGR of 6.2% from 2023 to 2030. Rising demand for edible oils and fats from food & beverage processing industry and strategic development initiatives by manufacturers are among the critical factors attributed to the South & Central America edible oils and fats market expansion.
According to the Organization for Economic Co-operation and Development (OECD), in 2022, the consumption of vegetable oil reached 249 million metric tons, with the food sector accounting for the major share. Furthermore, the COVID-19 pandemic caused short-term disruptions in the oilseed and oilseed product markets, which led to sharp price hikes in the second half of 2020. Over the period of 2021-30, soybean production is expected to rise by 1.1% per year. By 2030, soybean production is predicted to reach 411 Mt, more than twice the total production of all oilseeds (groundnuts, sunflower seeds, and rapeseed), which is projected to be 179 Mt. 90% of soybeans and 87% of other oilseeds are processed into protein meal, which is nearly exclusively used for feed, and vegetable oil, which is used for food, oleochemicals, and biodiesel. Moreover, the confectionery industry significantly utilizes butter as a primary ingredient, followed by margarine. The high-quality edible oils and fats are used in bakery and confectionery, dairy and frozen desserts, snacks, Ready-to-Eat (RTE) and Ready-to-Cook (RTC) meals, and other food and beverage items. Refined oils and fats are a rich source of lipids. Thus, their use is increasing due to rising application and growing global population. Thus, the growing food & beverages industry across the globe propels the demand for edible oils and fats.
On the contrary, increasing prices of edible oils hampers the growth of South & Central America edible oils and fats market.
Based on type, the South & Central America edible oils and fats market is bifurcated into oils and fats. The oils segment held 73.9% share of the South & Central America edible oils and fats market in 2023, amassing US$ 3,882.50 million. It is projected to garner US$ 5,974.75 million by 2030 to expand at 6.4% CAGR during 2023–2030. The fats segment is further subsegmented into butter, margarine, palm oil based shortening, vegetable oil based shortening, and others. The oils segment is further subsegmented into soybean oil, sunflower oil, palm oil, canola oil/rapeseed oil, and others.
By application, the South & Central America edible oils and fats market is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals. The food and beverages segment held 78.2% share of the South & Central America edible oils and fats market in 2023, amassing US$ 4,110.73 million. It is projected to garner US$ 6,253.91 million by 2030 to expand at 6.2% CAGR during 2023–2030.
Based on country, the South & Central America edible oils and fats market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held 48.5% share of South & Central America edible oils and fats market in 2023, amassing US$ 2,549.51 million. It is projected to garner US$ 3,820.06 million by 2030 to expand at 5.9% CAGR during 2023–2030.
Key players operating in the South & Central America edible oils and fats market are AAK AB, Archer-Daniels-Midland Co, Bunge Ltd, Cargill Inc, ConnOils LLC, Kao Corp, Louis Dreyfus Co BV, and Olam Group Ltd, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America edible oils and fats market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the edible oils and fats market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. South & Central America Edible Oils and Fats Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End Users
5. South & Central America Edible Oils and Fats Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Edible Oils and Fats from Food & Beverage Processing Industry
5.1.2 Strategic Development Initiatives by Manufacturers
5.2 Market Restraints
5.2.1 Increasing Prices of Edible Oils
5.3 Market Opportunity
5.3.1 Growing Demand for Plant-based Shortenings and Low-fat Oils
5.4 Future Trend
5.4.1 Adoption of Microencapsulation Technology
5.5 Impact Analysis
6. Edible Oils and Fats Market – South & Central America Market Analysis
6.1 South & Central America Edible Oils and Fats Market Revenue (US$ Million)
6.2 South & Central America Edible Oils and Fats Market Forecast and Analysis
7. South & Central America Edible Oils and Fats Market Analysis – Type
7.1 Oils
7.1.1 Overview
7.1.2 Oils Market Revenue and Forecast to 2030 (US$ Million)
7.1.3 Soybean Oil
7.1.3.1 Overview
7.1.3.2 Soybean Oil Market Revenue and Forecast to 2030 (US$ Million)
7.1.4 Sunflower Oil
7.1.4.1 Overview
7.1.4.2 Sunflower Oil Market Revenue and Forecast to 2030 (US$ Million)
7.1.5 Palm Oil
7.1.5.1 Overview
7.1.5.2 Palm Oil Market Revenue and Forecast to 2030 (US$ Million)
7.1.6 Canola Oil/Rapeseed Oil
7.1.6.1 Overview
7.1.6.2 Canola Oil/Rapeseed Oil Market Revenue and Forecast to 2030 (US$ Million)
7.1.7 Others
7.1.7.1 Overview
7.1.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
7.2 Fats
7.2.1 Overview
7.2.2 Fats Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Butter
7.2.3.1 Overview
7.2.3.2 Butter Market Revenue and Forecast to 2030 (US$ Million)
7.2.4 Margarine
7.2.4.1 Overview
7.2.4.2 Margarine Market Revenue and Forecast to 2030 (US$ Million)
7.2.5 Palm Oil Based Shortening
7.2.5.1 Overview
7.2.5.2 Palm Oil Based Shortening Market Revenue and Forecast to 2030 (US$ Million)
7.2.6 Vegetable Oil Based Shortening
7.2.6.1 Overview
7.2.6.2 Vegetable Oil Based Shortening Market Revenue and Forecast to 2030 (US$ Million)
7.2.7 Others
7.2.7.1 Overview
7.2.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Edible Oils and Fats Market Analysis – Application
8.1 Food and Beverages
8.1.1 Overview
8.1.2 Food and Beverages Market Revenue, and Forecast to 2030 (US$ Million)
8.1.3 Bakery and Confectionery
8.1.3.1 Overview
8.1.3.2 Bakery and Confectionery Market Revenue, and Forecast to 2030 (US$ Million)
8.1.4 Dairy and Frozen Desserts
8.1.4.1 Overview
8.1.4.2 Dairy and Frozen Desserts Market Revenue, and Forecast to 2030 (US$ Million)
8.1.5 RTE and RTC Meals
8.1.5.1 Overview
8.1.5.2 RTE and RTC Meals Market Revenue, and Forecast to 2030 (US$ Million)
8.1.6 Snacks
8.1.6.1 Overview
8.1.6.2 Snacks Market Revenue, and Forecast to 2030 (US$ Million)
8.1.7 Others
8.1.7.1 Overview
8.1.7.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Animal Nutrition
8.2.1 Overview
8.2.2 Animal Nutrition Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Pharmaceuticals and Nutraceuticals
8.3.1 Overview
8.3.2 Pharmaceuticals and Nutraceuticals Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Edible Oils and Fats Market – Country Analysis
9.1 South & Central America Edible Oils and Fats Market – Country Analysis
9.1.1 South & Central America Edible Oils and Fats Market Revenue and Forecasts and Analysis – By Countries
9.1.1.1 South & Central South & Central America Edible Oils and Fats Market Breakdown by Country
9.1.1.2 Brazil: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.2.1 Brazil: South & Central America Edible Oils and Fats Market Breakdown by Type
9.1.1.2.2 Brazil: South & Central America Edible Oils and Fats Market Breakdown by Application
9.1.1.3 Argentina: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.3.1 Argentina: South & Central America Edible Oils and Fats Market Breakdown by Type
9.1.1.3.2 Argentina: South & Central America Edible Oils and Fats Market Breakdown by Application
9.1.1.4 Rest of South & Central America: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.4.1 Rest of South & Central America: South & Central America Edible Oils and Fats Market Breakdown by Type
9.1.1.4.2 Rest of South & Central America: South & Central America Edible Oils and Fats Market Breakdown by Application
10. Competitive Landscape
10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players
11. Company Profiles
11.1 Bunge Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Archer-Daniels-Midland Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Fuji Oil Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kao Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 AAK AB
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Olam Group Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 ConnOils LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Louis Dreyfus Co BV
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
LIST OF TABLES
Table 1. South & Central America Edible Oils and Fats Market Segmentation
Table 2. South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. Brazil: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 6. Brazil: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 7. Argentina: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. Argentina: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 9. Rest of South & Central America: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 10. Rest of South & Central America: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 11. Company Positioning & Concentration
LIST OF FIGURES
Figure 1. South & Central America Edible Oils and Fats Market Segmentation, By Country
Figure 2. South & Central America Edible Oils and Fats Market – Porter’s Analysis
Figure 3. Ecosystem: South & Central America Edible Oils and Fats Market
Figure 4. Market Dynamics: South & Central America Edible Oils and Fats Market
Figure 5. South & Central America Edible Oils and Fats Market Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Edible Oils and Fats Market Revenue (US$ Million), 2020 – 2030
Figure 7. South & Central America Edible Oils and Fats Market Share (%) – Type, 2022 and 2030
Figure 8. Oils Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Soybean Oil Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Sunflower Oil Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Palm Oil Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Canola Oil/Rapeseed Oil Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Fats Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Butter Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Margarine Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Palm Oil Based Shortening Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Vegetable Oil Based Shortening Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. South & Central America Edible Oils and Fats Market Share (%) -Application, 2022 and 2030
Figure 21. Food and Beverages Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Bakery and Confectionery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Dairy and Frozen Desserts Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. RTE and RTC Meals Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Snacks Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. Animal Nutrition Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. Pharmaceuticals and Nutraceuticals Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. South & Central America Edible Oils and Fats Market Breakdown by Geography, 2022 and 2030 (US$ Million)
Figure 30. South & Central South & Central America Edible Oils and Fats Market Breakdown by Key Countries – Revenue (2022) (US$ Million)
Figure 31. South & Central South & Central America Edible Oils and Fats Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 32. Brazil: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)
Figure 33. Argentina: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. Rest of South & Central America: South & Central America Edible Oils and Fats Market Revenue and Forecasts to 2030 (US$ Million)
Figure 35. Heat Map Analysis by Key Players
The List of Companies – South & Central America Edible Oils and Fats Market
1. Bunge Ltd
2. Archer-Daniels-Midland Co
3. Fuji Oil Co Ltd
4. Kao Corp
5. AAK AB
6. Olam Group Ltd
7. ConnOils LLC
8. Louis Dreyfus Co BV
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