The Growing Influence of Edible Oils Market and its Impact on Cardiovascular Health
The edible oils Industry is poised to witness substantial growth, projected to reach USD 268.9 billion by 2027 from USD 212.6 billion in 2022, with a notable CAGR of 4.8% from 2022 to 2027.
Edible oils serve as vital sources of unsaturated fats and vitamin E in human diets, extensively utilized in both industrial food manufacturing and household cooking worldwide. Amidst concerns over cardiovascular diseases, scientific evidence suggests that incorporating edible oils into daily diets could offer significant benefits to heart health. While olive oil and sunflower seed oil are recognized for their ability to lower blood cholesterol levels, recent studies have highlighted the potential of red palm oil in aiding heart recovery from ischaemia-reperfusion injury.
Key market players such as Archer Daniels Midland Company (ADM) (US), Cargill, Incorporated (US), Bunge Limited (US), and Louis Dreyfus Company (Netherlands) are actively shaping the landscape through strategic initiatives including expansions, acquisitions, and joint ventures. For instance, in November 2022, Cargill Incorporated (US) integrated Owensboro Grain Company (OGC) into its North American agricultural supply chain business, strengthening its soybean oil business. Similarly, Louis Dreyfus Company Asia Pte. Ltd. (LDC) expanded its footprint in the Australian market through the acquisition of Emerald Grain Pty. Ltd. (Emerald Grain) in September 2022.
Cargill Incorporated, a prominent player in the US, offers a diverse range of edible oils catering to various customer segments including retail, catering, and food service. Customized solutions are tailored to meet regional demands across North America, Europe, the Middle East, and Africa.
Louis Dreyfus Company (LDC), with a legacy dating back to 1851, holds a leading position in grains and oilseeds globally. Engaged in the origination, transformation, and merchandizing of grains and oilseeds products, LDC plays a significant role in approximately 11% of the global oilseeds flow.
As consumers, food services, and industries increasingly prefer edible oils over animal-derived fats and oils for cooking, the market continues to evolve, driven by both health-conscious choices and strategic business developments by key players.