Colombia Edible Oil And Fats Market Size & Outlook
Colombia edible oil and fats market, 2017-2030 (US$M)
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Colombia edible oil and fats market highlights
- The Colombia edible oil and fats market generated a revenue of USD 7,233.7 million in 2022 and is expected to reach USD 13,297.5 million by 2030.
- The Colombia market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, edible oil was the largest revenue generating product in 2022.
- Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
Edible oil and fats market data book summary
| Market revenue in 2022 | USD 7,233.7 million |
| Market revenue in 2030 | USD 13,297.5 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| 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 |
Other key industry trends
- In terms of revenue, Colombia accounted for 1.6% of the global edible oil and fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil edible oil and fats market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 13,297.5 million by 2030.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia edible oil and fats market outlook
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 Colombia edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing demand for edible oil & fats in Colombia can be attributed to the increased adoption of sustainable edible oil & fats, which have a lower carbon impact. Colombia is known for producing sustainable palm oil, and since the product is widely consumed domestically, it promotes market expansion.
A contributing factor to the market's expansion is the greater consumption of fats due to rising disposable income. In addition, a growing number of fast-food chains, particularly those from the U.S., such as Domino’s, KFC, and Burger King, use edible oil extensively in their most well-known food items.
This scenario is accelerating the market's expansion. Palm oil is mostly produced in Colombia. Sales of both olive oil and rapeseed oil have increased due to consumers' growing demand for healthier oils. Consumers with middle- to high-income levels are preferring convenience goods.
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Our clientele includes a mix of edible oil and fats market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia edible oil and fats market , including forecasts for subscribers. This country databook contains high-level insights into Colombia edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia edible oil and fats market size, by product, 2017-2030 (US$M)
Colombia Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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