Latin America Edible Oil And Fats Market Size & Outlook
Latin America edible oil and fats market, 2017-2030 (US$M)
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Latin America edible oil and fats market highlights
- The Latin America edible oil and fats market generated a revenue of USD 47,019.4 million in 2022.
- The market is expected to grow at a CAGR of 7.4% 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.
- Country-wise, Colombia is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 47,019.4 million |
| Market revenue in 2030 | USD 83,109.6 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 10.1% of the global edible oil and fats market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 181,843.7 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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Latin America 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 Latin America edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
The market is primarily driven by the wide range of food sector applications in the manufacturing of bakery, dairy, confectionery, and other goods, as well as its industrial application in the manufacturing of paints and coatings, biodiesel, animal feeds, fatty acids, plastics additives, lubricants and greases, cosmetics, soaps, pharmaceuticals, etc.
The use of edible oil & fats in food products has increased due to the rising demand for ingredients derived from plants. According to a study published by the Good Food Institute (GFI), the market for plant-based food products in Central & South America was estimated to be worth about USD 800 million in 2020.
Governments are revising their policies and enacting laws to prohibit the use of partly hydrogenated edible oils and fats and their byproducts due to the numerous heart risks associated with them. As palm oil maintains its hold on the market in South America, nations like Colombia are shifting toward producing it sustainably by obtaining certification from the Roundtable on Sustainable Palm Oil.
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Target buyers of Latin America edible oil and fats market databook
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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 continent-level data and insights on the Latin America edible oil and fats market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America edible oil and fats market size, by country, 2017-2030 (US$M)
Latin America Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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