Market revenue in 2022 | USD 18,710.5 million |
Market revenue in 2030 | USD 32,504.1 million |
Growth rate | 7.1% (CAGR from 2022 to 2030) |
Largest segment | Edible oil |
Fastest growing segment | Edible Fats |
Historical data | 2017 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Edible Oil, Edible Fats |
Key market players worldwide | Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to edible oil and fats market will help companies and investors design strategic landscapes.
Edible oil was the largest segment with a revenue share of 75.38% in 2022. Horizon Databook has segmented the Brazil edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
Organic edible oils & fats are gaining popularity among higher-income groups due to their excellent nutritional benefits. Less common oils, such as corn oil, which previously had limited demand are now prevalent in households due to customers' increased awareness about the nutritional value of such oils.
Rising consumer awareness and a decline in cultural restrictions have increased demand, particularly among wealthy customers. These factors, therefore, fuel the growth of the market for edible oils and fats in Brazil.
The Brazilian government is focusing more on sustainable products that can be used to produce biodiesel. For instance, the Ministry of Mines and Energy (MME) introduced a RenovaBio Program that governs the biofuel production units to stimulate sustainable production of palm oil diesel.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil edible oil and fats market , including forecasts for subscribers. This country databook contains high-level insights into Brazil edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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