Edible Oil And Fats Market Global Trends And Revenue Growth Up To 2030
Edible Oil And Fats Industry The global edible oil and fats market size is expected to reach USD 831.10 billion by 2030, expanding at a revenue-based CAGR of 7.5% from 2023 to 2030, according to a study by Grand View Research, Inc. Rising importance of vegetable oils as key functional ingredients which reduce the risk of cardiovascular disorders along with lowering the possibility of breast cancer is projected to remain a favorable growth driver. Furthermore, the rising popularity of omega-3 fatty acid as a nutritional constituent in the food industry on account of its exceptional anti-inflammatory properties is projected to prompt the adoption of oil produced from soybean, canola, and flax seeds. The COVID-19 pandemic significantly impacted the edible oil market. Lockdown measures in many countries led to a decrease in demand for edible oils and a decrease in prices. This was due to the closure of restaurants and other food service businesses, which ar...