Global trait-enhanced oils market is projected to witness higher single-digit growth during the foretell period
The global market for trait-enhanced oils across the developed, as well as emerging economies, is anticipated to gain huge traction over the forecast period due to the rising demand for high oleic oils.
The global trait-enhanced oils market is projected to record a higher single-digit compound annual growth rate throughout the forecast years from 2019 – 2027 owing to several transformations in oil industry.
The global market for trait-enhanced oil is expected to be dominated by North America in 2019 followed by Europe and Asian countries.
This is expected to remain the frontrunner in the global trait-enhanced oils market by the end of forecast period despite witnessing some decrement in the market share due to increasing manufacturing facilities and commercialization of products in other emerging regions, such as Latin America and the Middle East & Africa.
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Rising demand for high oleic soybean oil is expected to boost the growth of trait-enhanced oils market
The trait-enhanced oils market can be segmented on fatty acid type, source, nature, application and primary function. On the basis of fatty acid type, trait-enhanced oils market can be categorized into mid oleic acid, high oleic acid and high stearic acid. On the basis of source, the trait-enhanced oils market can be segmented into canola, sunflower, soybean and other sources.
On the basis of nature, the trait-enhanced oils market can be segmented into organic and conventional. On the basis of application, trait-enhanced oils market can be categorized into baking, frying, confectionary and snacks and other applications.
On the basis of primary function, the trait-enhanced oils market can be segmented into oxidative stability, operational efficiency, lower saturation fat, lower overall fat and others. Geographically, the global market for trait-enhanced oils can be segmented into seven regions, namely North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.
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Important doubts related to the Trait-enhanced Oils Market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the keyword market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
Report regional analysis includes:
- North America
- Europe
- MEA
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
- Oceania (Australia, New Zealand)
- Latin America
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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Key oil processors to remain frontrunners in global trait-enhanced oils market throughout the forecast period
The market structure of global trait-enhanced oils is highly consolidated in nature, dominated by few global players.
Some of the frontrunner in the global trait-enhanced oils market including DuPont, ADM Company, Perdue Agribusiness (a subsidiary of Perdue Farms) and other prominent players in trait-enhanced oils market.
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