Albany, NY, July 3, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Cooking Oils and Fats Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" the cooking oils and fats market was valued at USD 59,782.3 million in 2014, which is expected to reach USD 65,270.6 million by 2021, growing at a CAGR of 1.2% from 2015 to 2021. The market volume of Global Cooking Oils and Fats was valued at 21,204.5 Kg/Million in 2014, which is expected to reach 22,333.1 Kg/Million by 2021 growing at a CAGR of 0.7% from 2015 to 2021.
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Excessive consumption of cooking oils and fats has adverse effects on the human body which pose as a major threat to the global cooking oil and fats market. Excessive consumption of trans fats raises the bad cholesterol level in the human body which increases the incidences of several heart diseases, type 2 diabetes and cancer.
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The increasing demand for cooking oils in the emerging markets such as India, Argentina and Indonesia is the major factor fuelling the demand for the global cooking oils and fats market. The consumption of processed foods and ready to drink beverages among consumers in these countries has increased over the years and the demand is expected to remain so throughout the forecast period. In addition, the rise in the disposable income of the consumers in countries across the world is another factor driving the demand for ready to drink beverages and processed foods. Due to this factor, the demand for cooking oils and fats has increased and is expected to remain so during the forecast period.
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Asia Pacific and Europe held the combined market share of more than 50% in global cooking oils and fats market in 2014. Rest of the World (RoW) was the fastest growing market for cooking oils and fats in 2014 followed by Asia Pacific. In 2014, vegetable and seed oil segment held the largest market share in cooking oils and fats globally. Wilmar International Ltd, Unilever plc, Associated British Foods plc, Ajinomoto Co. Inc., CHS Inc are some of the major players that are operating in the global cooking oils and fats market.
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The report studies the global cooking oils and fats market and provides estimates in terms of revenue (USD Million) and volume (Kg/Million) from 2015 to 2021. Market estimates on the basis of product type have also been provided for each country.
The Market has been Segmented as follows:
Global Cooking Oils and Fats Market, by Product Type
- Vegetable and Seed Oil
- Spreadable Oils and Fats
- Olive Oil
- Cooking Fats
Global Cooking Oils and Fats Market, by Geography
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
Rest of the World (RoW)
- South Africa
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research