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2022
High Oleic Oil Market

High Oleic Oil Market by Oil Type (Sunflower Oil, Canola Oil, Soybean Oil, Safflower Oil, Rapeseed Oil, and Others), Source (Organic and Conventional), Application (Food, Health Supplements, Personal Care, Biodiesel, Plastic and Rubbers, Coating, Paints, and Inks, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15179
Pages: NA
Feb 2022 | 66 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

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Oil with a high oleic content is more resistant to oxidation. Packaged foods and fresh baked goods have a longer shelf life as a result of this resistance. High oleic oil shortening that has been enzymatically interesterified creates baked goods with higher oxidative stability, similar to items manufactured with partially hydrogenated oils, according to functionality testing (PHO). It's the ideal drop-in solution for bakery applications because of this. The neutral flavor profile of high oleic oil allows the actual and natural flavors of products to shine through. The enhanced usefulness of high oleic oil in the food sector is likely to contribute to the growth of the global high oleic oil market, which is expected to reach a value of US$ 14.4 billion by 2030.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Oil Type, Source, Application, and Region

  Companies Covered

Adams Group Inc., Archer Daniels Midland Company, Aston Food and Food Ingredients, Aveno NV, Bunge Limited, Cargill Incorporated, CHS Inc., Colorado Mills, Marbacher Ölmühle GmbH (HOCHDORF Holding Ltd), Oilseeds International Ltd. (Itochu Corporation) and Richardson International Limited

 

COVID-19 Impact Analysis

  • COVID-19 susceptibility may be raised in people with weak hearts, raising consumer worries about heart health.
  • Heart disease is extremely common all around the world. As a precautionary step and as a means of appearing to live longer and healthier lives during the epidemic, sales of well-being items have increased. In the short term, the high oleic oil industry is also likely to benefit from increased sales.
  • Due to supply disruptions, manufacturing companies may find it difficult to manage inventory in 2020. This has affected food and beverage operations all around the country. However, it is expected that the situation would improve in 2021, allowing the market to resume its upward trend.

Top Impacting Factors

  • One of the important factors supporting the market's growth is the increasing use of HO oil in the food and beverage (F&B) industry around the world. It is commonly used in the manufacture of par-fried foods like corn and potato chips, as well as a variety of sauces, dressings, and marinades.
  • It's also used in transformer fluids, poly-alpha-olefin (PAO) or group-III-based synthetic oil formulations, and hydraulic fluids as a base fluid or additive.
  • Increased consumer awareness of preventive healthcare as a result of rising chronic illness rates, rising demand for oleochemicals, the thriving bio-based chemical sector, and increased research and development (R&D) activities are all expected to contribute to a positive market outlook.

Market Trends

The Market for High Oleic Oil has Grown due to Rise in Demand for Cosmetics

The growth in demand for cosmetics has propelled the high oleic oil sector forward. The oil has a number of health and beauty advantages. Because of its omega-3 and omega-6 fatty acid concentration, high oleic oil is gaining popularity as the risk of cardiovascular disease rises. It's also used in the cosmetics and personal care sectors to help prevent wrinkles, acne, pimples, and fine lines. Because of its high vitamin and other cosmetic characteristics, high oleic oil is becoming a popular ingredient in personal care products.

It's fortified with vitamin E, which is beneficial to both hair and skin. As a result, high oleic oil makers can target the personal care and cosmetics industries with segment-specific high oleic oil that provides greater benefits. The global oleic oil market is booming, thanks to its anti-aging effects and extensive use in cosmetics and personal care products. Wrinkles, blemishes, acne, and fine lines are all treated with this oil. The global high oleic oil business is predicted to rise in the next years, owing to changing client tastes and an increase in the number of high oleic oil producers.

Application in Nutraceuticals and Use as an Ingredient in Food Industry

High oleic oil is free of trans-fat and contains the least saturated fat of any of the popular cooking oils. Indeed, the United States Food and Drug Administration have approved qualified health claims for high oleic oil based on its ability to lower the risk of heart disease. When taken in place of saturated fat, about 1.5 teaspoons of this oil per day is beneficial to heart health. Among the typical oils, high oleic oil provides the highest plant-based omega-3 fat and is a rich source of vitamin E. The market for high oleic oil is predicted to develop in the next years due to its use in nutraceuticals.

In terms of application and performance, high oleic oil is used in the food industry, especially in the production of par-fried snacks like potato chips and corn chips. It's also used in various sauces, marinades, and dressings, as well as vegetarian meals, cereals, crackers, and dried fruits, and bakery products. High oleic oil has a substantially higher smoke point than other oils (excellent fry life). Sautéing, stir-frying, deep-frying, and other high-heat applications benefit from high oleic oil. As a result, greater demand for high oleic oil is projected from the food processing industry, which caters to health-conscious consumers.

Key Benefits of the Report

  • This study presents the analytical depiction of the High Oleic Oil industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the High Oleic Oil Marketshare.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the High Oleic Oil Marketgrowth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed High Oleic Oil Marketanalysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the High Oleic Oil Market Report

  • Which are the leading players active in the High Oleic Oil Market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is High Oleic Oil Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the High Oleic Oil Market?

Key Market Segments

Segments Sub-segments
Oil Type
  • Sunflower Oil
  • Canola Oil
  • Soybean Oil
  • Safflower Oil
  • Rapeseed Oil
  • Others
Source
  • Organic
  • Conventional
Application
  • Food
  • Health Supplements
  • Personal Care
  • Biodiesel
  • Plastic and Rubbers
  • Coating, Paints, and Inks
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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