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Non-GMO Oil Market Type (Soybean Oil, Canola Oil, Avocado Oil, Grapeseed Oil, Coconut Oil, Pea Nut Oil, Sunflower Oil, Others) Nature (Conventional, Organic ) Extraction Technique (Cold pressed, Expeller pressed, Steam refined ) Application (Food processing, Bakery, Cosmetics , Others) Distribution Channels (Supermarkets & Hypermarkets, Grocery stores, Online, Others ) Industry Vertical (Food & Beverage, Bakery industry, Animal feed, Cosmetics & Personal Care, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027
| A09476 | Pages: NA | Jan 2021 | 119 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
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Request Now !The global non-GMO oil market is experiencing a significant growth, and is anticipated to grow considerably in next few years. Non-GMO oil is the oil extracted from non-genetically modified organisms. GMO oils possesses health risks, and this has led to the emergence of non-GMO oils. In the food & beverage industry, rise in demand for healthy food product ingredients is propelling the demand for non-GMO oils. Non-GMO oils have encountered an upsurge in consumption compared to the GMO oils, owing to their health benefits and surge in consumer awareness regarding health and nutrition.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value ($USD) |
Segments covered | Type, Application, Industry Vertical, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA) |
Companies covered | Chosen Foods LLC, Hain Celestial, Centra Foods, Pleasant Valley Oil Mills, Jedwards International Inc., Cargill Inc., Nexcel Natural Ingredients, Spectrum Organic Products LLC, Coltura Foods, and Catania Spagna. |
COVID-19 scenario analysis
Production shutdown scenario
The extraction and processing of non-GMO oils has been ceased, owing to the outbreak of COVID-19 implications that led to a downfall in the industry’s revenue.
Disruptions in supply chains
The supply chains for raw materials and distribution channels for finished goods have been disrupted due to hindrances in the transportation and exports. This led to increase in the demand–supply gap for the product.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Upsurge in application of non-GMO oils is increasing their demand. Non-GMO oils have been highly used in the food & beverage industry, animal feed, and cosmetics & personal care industry. Different extraction techniques for non-GMO oils provide platforms for diversification to the leading market players. GMO crops are said to have an adverse impact on the environment, encouraging cultivation of non-GMO crops and hence leading to increase in applications of non-GMO oils. To cater to the needs of customers, leading manufactures are emphasizing on integrating no-GMO ingredients in their final products for end use.
The global non-GMO oil market trends are as follows:
New product launches to flourish the market
Cultivation of GMO crops and consumption of GMO oils have been leading to health problems, and this initiated the manufacturing and extraction of non-GMO oils in the market.
Non-GMO oils have health benefits over GMO oils. For instance, soybean oil, canola oil, avocado oil, grapeseed, coconut, peanut, and sunflower oil that contain monounsaturated fats and polyunsaturated fats that help in lowering the bad cholesterol, thus making it healthier for consumption.
Surge in usage of non-GMO oils in the cosmetics & personal care industry
The cosmetics industry has incorporated the use of natural ingredients in their personal care products, which led to a rise in application of non-GMO oils in direct or processed form. This upsurge in application of non-GMO oils in the cosmetics industry is likely to boost the market growth during the forecast period.
The personal care industry has witnessed increase in use of coconut oil in beauty products and moisturizers. Avocado oil is rich in vitamin E, which fuels its application in the cosmetics. Similarly, canola oil is used in the personal care industry, owing to its moisturizing properties. Thus, increase in application of non-GMO oils in the cosmetic products is propelling the growth of global non-GMO oils market.
Key segments covered
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Key benefits of the report:
- This study presents the analytical depiction of the global non-GMO 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 global non-GMO oil market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global non-GMO oil market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global non-GMO oil market research report:
- Which are the leading players active in the global non-GMO 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?
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