Press Release

Global High Oleic Oil Market to Grow at a Healthy Pace During 2023-2028, Driven by the Increasing Demand for Food Processing

Global High Oleic Oil Market

According to a new report by EMR titled, ‘Global High Oleic Oil Market Report and Forecast 2023-2028’, the global market for high oleic oil is expected to grow at a CAGR of 6.5% in the forecast period of 2023-2028 to attain USD 6,763.8 million by 2028.

The global market for high oleic oil is anticipated to witness a rapid growth in the forecast period of 2023-2028, owing to the rising demand for food processing. 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 market. The market 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, Application, and Region:

  • The market, based on oil type, can be divided into sunflower oil, canola oil / rapeseed oil, soybean oil, and safflower oil, among others.
  • The major sources of high oleic oil include GM, non-GM / conventional and organic certified.
  • Based on application, the market is divided into food processing and biofuel, 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 food processing.
  • 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 2018-2022 and 2023-2028.
  • The report also offers the historical 2018-2022 and forecast 2023-2028 markets for the oil types, sources, application and major regions of high oleic oil.
  • It assesses the price trends of high oleic sunflower, canola, soybean and safflower oil for 2018-2022 and 2023-2028 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, Marbacher Ölmühle GmbH, Colorado Mills LLC, Adams Group, 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.

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