North America Edible Oil And Fats Market Size & Outlook
North America edible oil and fats market, 2017-2030 (US$M)
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North America edible oil and fats market highlights
- The North America edible oil and fats market generated a revenue of USD 110,817.1 million in 2022.
- The market is expected to grow at a CAGR of 7.6% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 110,817.1 million |
| Market revenue in 2030 | USD 199,462.9 million |
| Growth rate | 7.6% (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, North America region accounted for 23.9% 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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North 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 North 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 food & beverage industry’s increasing consumption of fats and oils can be attributed to the rising demand for processed and convenience foods. Natural vegetable oil is gaining popularity as people are becoming more aware of the harmful consequences of consuming unprocessed and saturated fats.
The total cholesterol level in about 94 million U.S. adults aged 20 or older is higher than 200 mg/dL and about 28 million adults have total levels of cholesterol that are more than 240 mg/dL. Growing awareness about the importance of consuming the right quantity of oils and fats.
Portfolio expansion and product launches are the key strategies implemented by key players in the North American market. These companies actively invest in manufacturing high-quality, healthy edible oils and sell them to users at competitive prices.
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Target buyers of North 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 North America edible oil and fats market , including forecasts for subscribers. This continent databook contains high-level insights into North America edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America edible oil and fats market size, by country, 2017-2030 (US$M)
North America Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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