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Vegetable Fats Market Share

Report ID: GMI2161
Published Date: Nov 2023
Report Format: PDF

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Vegetable Fats Market Share

The prominent industry player, Unilever plc, has been actively focused on innovation, introducing a range of healthier vegetable fat products in response to the growing consumer demand for plant-based and healthier food options. The firm also emphasizes on sustainability, committing to sourcing sustainable palm oil and reducing its environmental footprint, aligning with the trend of eco-conscious consumer preferences. Additionally, the company leverages its extensive distribution network and established brand presence to effectively penetrate and expand within the vegetable fats market. Similar efforts are being leveraged by other vegetable fats industry players, namely:

Archer Daniel Midland Company
Unilever Plc
IFFCO
Conagra Foods
Carapelli Firenze
Richardson oilseeds ltd

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of vegetable fats is set to grow at 5% CAGR during 2023 to 2032, led by the increasing awareness of health and wellness among consumers.

The coconut segment is witnessing high demand and will register more than 6.5% CAGR through 2032, backed by product’s versatile applications in food & beverages sector as consumers are increasingly seeking natural and healthier alternatives in their diets.

Asia-Pacific market is set to witness 5.5% CAGR through 2032, favored by the increasing population, rising disposable incomes, and changing dietary preferences.

Archer Daniel Midland Company, Unilever PLC, IFFCO, Conagra Foods, Carapelli Firenze, and Richardson Oilseeds Ltd.