Newark, June 13, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 2.7 billion in 2022 organic edible oil market will reach USD 6.6 billion by 2032. As consumer awareness of health and well-being has grown in recent years, the demand for organic edible oil has been increasing gradually. There is a rising demand for organic substitutes for conventional edible oils as people become more aware of how their dietary decisions affect their health. Organic olive oil, coconut oil, sunflower seed oil, sesame seed oil, canola oil, soybean oil, and other types of oil are available on the organic edible oil market. Each type of oil has a unique flavor profile and culinary applications to suit a range of customer tastes.
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Key Insight of the Organic Edible Oil Market
Asia Pacific is anticipated to expand at the fastest CAGR of 11.3% over the projection period.
Asia Pacific is expected to grow at the fastest CAGR of 11.3% over the forecast period. Consumer desire for nutritious cooking oils is growing, particularly for organic sunflower oil. The oil has a high oleic acid content, a high concentration of Omega-3 fatty acids, and a low concentration of Omega-6 fatty acids. Major food companies employ polyunsaturated fatty acids (PUFAs) because they lower blood levels and cholesterol. To address the rising demand for goods in the area, several regional players employ innovative technology. For instance, Daabon Group, one of the top suppliers of organic ingredients, announced in March 2019 that Daabon Organic Australia, an organic vegetable oil refinery, will be built in Australia.
In the organic edible oil market, the soybean oil segment is anticipated to expand at the highest CAGR of 12.6% over the projection period.
The soybean oil segment is anticipated to expand at the highest CAGR of 12.6% over the projection period. The demand for plant-based oils, especially organic soybean oil, is increasing as veganism and plant-based diets continue to gain popularity. For health-conscious customers looking for plant-based alternatives, soybean oil is a popular and flexible cooking oil that is frequently utilized in a variety of culinary applications. Known for having a positive nutritional profile, organic soybean oil. It includes important fatty acids, such as omega-3 and omega-6 fatty acids and is low in cholesterol and saturated fats. It appeals to people looking for healthier cooking oil alternatives because of these qualities.
In the organic edible oil market, the online segment is anticipated to expand at the highest CAGR of 10.2% over the projection period.
The online segment is anticipated to expand at the highest CAGR of 10.2% over the projection period. Brands of organic food oils have a greater market reach because of online distribution channels including e-commerce platforms and online marketplaces. No matter where they live, consumers may acquire a wide variety of organic edible oil products. This makes it possible for producers of organic edible oil to access new markets and increase their customer base.
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Market Dynamics
Driver
The demand for organic food oils is driven by rising environmental sustainability concerns. Consumers looking for more environmentally friendly food alternatives like organic agricultural techniques because they place a higher priority on maintaining soil health, preserving biodiversity, and using less chemical inputs. People who value products that are made ethically and with minimal impact on the environment frequently boost the market for organic oils.
Opportunity
Direct-to-consumer sales channels and e-commerce provide a practical and effective approach to interacting with customers. Organic edible oil companies may reach a larger client base and improve brand recognition by establishing an online presence and utilizing digital marketing methods. A deeper relationship with customers is made possible via direct-to-consumer sales, providing individualized marketing and feedback.
Market Scope
| Base Year | 2022 |
| Forecast period | 2023-2032 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| Organic Edible Oil Market CAGR | 9.4% |
| Segments Covered | Type, Distribution channel |
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Some of the major players operating in the organic edible oil market are:
• Cargill Inc
• Nutna
• Catania Spagna
• EFKO Group
• Aryan International
• Adams Group
• Daabon Organic
• NOW Foods
• B&G Foods, Inc.
• Viva Naturals
Key Segments cover in the market:
By Type
• Soybean Oil
• Palm Oil
• Sunflower Oil
• Coconut Oil
• Rapeseed Oil
• Others
By Distribution Channel
• Supermarket/Hypermarket
• Specialty Stores
• Convenient Stores
• Online
• Others
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About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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