According to IMARC Group latest report titled “High Oleic Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on high oleic oil market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market exhibited moderate growth during 2015-2020. The global high oleic oil market to grow at a CAGR of around 5% during 2021-2026.
High oleic oil is an oil that is high in oleic (monounsaturated) acid. It is defined as having a minimum of 80 percent oleic acid. It has a very neutral taste and provides excellent stability without hydrogenation. It offers superior resistance to oxidation that extends the shelf life of packaged products and fresh baked goods. It is used in packaged baked goods (packaged cakes, cookies, etc.), as spray coating for cereal, crackers, and dried fruit, and in non-dairy creamers and many types of frying.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global market is majorly driven by the increasing utilization of oil in the food and beverage industry. In line with this, shifting consumer preference for products supporting preventive health is leading to a rise in the application utilization of high oleic acid in nutraceuticals. Furthermore, the growing demand for processed food is significantly contributing to the market growth across the globe. Apart from this, the increasing the levels of health awareness among the masses are positively influencing the market growth. Moreover, the growing demand for oleochemicals and rapid expansion of the bio-based chemical sector are further catalyzing the market growth. Besides this, the widespread availability of the product across various distribution channels is also propelling the market growth product demand. Additionally, the rising demand for high oleic acid in the cosmetic industry due to its anti-aging properties is creating a positive outlook for the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Adams Group Inc.
- Archer Daniels Midland Company
- Aston Food and Food Ingredients
- Aveno NV
- Bunge Limited
- Cargill Incorporated
- CHS Inc.
- Colorado Mills
- Marbacher Ölmühle GmbH (HOCHDORF Holding Ltd)
- Oilseeds International Ltd. (Itochu Corporation)
- Richardson International Limited
High Oleic Oil Market Segmentation:
Our report has categorized the market based on region, 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 (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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