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Global High Oleic Oil Market to Grow at a Healthy Pace During 2021-2026, Driven by the Increasing Demand for Cosmetic Products

According to a new report by EMR titled, ‘Global High Oleic Oil Market Report and Forecast 2021-2026’, the global market for high oleic oil is being aided by the rising food fats and oils industry, which is expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to attain USD 290 billion by 2026.

The global market for high oleic oil is anticipated to witness a rapid growth in the forecast period of 2021-2026, owing to the rising demand for cosmetic products. The widespread use of high oleic oil in various end use industries is further boosting the market growth. The rising application of oleic oils in cosmetics due to its anti-ageing properties is expected to push the market growth further. The rapid urbanisation, changing consumer preferences, and the rising disposable incomes are expected to further propel the growth of the global high oleic oil industry. The industry is significantly being driven by the rising awareness about the product’s health benefits among consumers. The product is widely accessible to the consumers through various distribution channels, including online platforms like Amazon (NASDAQ: AMZN) and hyperstores like Walmart (NYSE: WMT).

In November 2018, the Food and Drug Administration or FDA approved the claims made about the health benefits of high oleic oils to reduce the risk of coronary heart diseases. The claim suggests that high oleic oils, including high oleic sunflower oil, high oleic safflower oil, high oleic canola oil, high oleic soybean oil, olive oil, and high oleic algal oil, can prove to be extremely beneficial for the heart. FDA approved the claim by stating that the daily consumption of about 20 g of high oleic oils can help in maintaining a healthy heart by reducing the risk of coronary heart ailments. The claim was also supported by Cargill Incorporated, one of the leading key players in the industry.

Market Analysis by Oil Type, Source, Distribution Channel, Application, and Region:

  • The market, based on oil type, can be divided into sunflower oil, canola oil, soybean oil, safflower oil, and rapeseed oil, among others.
  • The major sources of high oleic oil include organic and conventional.
  • Based on distribution channel, the market is categorised into supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others.
  • Based on application, the market is divided into food, health supplements, personal care, biodiesel, plastic and rubbers, and coating, paints and inks, among others.
  • The regional markets for high oleic oil include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The high oleic oil industry is being driven by the rising demand for cosmetic products.
  • The rapidly growing end use industries are contributing significantly to the market growth, especially in emerging countries.
  • The outstanding anti-ageing properties of high oleic oil are helping it make its way into the cosmetics and personal care industry.
  • The market is expected to witness a further expansion in the coming years due to a huge increase in urbanisation and the changing customer preferences.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for high oleic oil for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the oil types, sources, distribution channels, applications, and major regions of high oleic oil.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global high oleic oil market are Archer Daniels Midland Company, Cargill Incorporated, CHS Inc., Colorado Mills, Aveno N.V., and Adams Vegetable Oils, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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