Fortified Edible Oils Market - Perceive Substantial Growth by 2026

7 day(s) ago

The global fortified edible oils market is a competitive business landscape characterized by several players with a worldwide presence. Some of the key players in the market are Conagra Brands, Inc., Bunge Limited, Ruchi Soya Industries Ltd., Adani Wilmar Limited, and Archer Daniels Midland Company.

The fortified edible oils market is witnessing an intense global competition currently. Major players are competing to grab the largest share of the global pie with new product launches and heavy marketing efforts. Many large players are keenly looking out for new opportunities in emerging market. Availing a wide range of distribution channels is proving to be effective for many companies. The current efforts of most players in the fortified edible oils market are focused on building a valuable brand.

According to the latest report by Transparency Market Research, total revenue generated in the fortified edible oils market in 2018 stood at US$10,207.1 Mn. The global fortified edible oils market is expected to rise at 3.4% CAGR during 2018 - 2026.

Products with vitamin A are expected to hold the largest market share in the fortified edible oils market. Increasing deficiencies of vitamin A and growing awareness about various disorders associated with it are expected to drive growth of the fortified edible oils market.

Similarly, the fortified edible oils market in the Middle East and Latin America is expected to bag the largest share of the global market. Fortified edible oils are extremely prominent in cuisines in both the regions. Additionally, the expansion by global players in this region is expected to drive the fortified edible oils market growth. The region is expected to account for 34.0% of the global market share during the forecast period.


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