Organic edible oil market size to grow by USD 3,126.37 million between 2022 and 2027; Adams Group, Aryan International, among others, identified as key vendors – Technavio
The organic edible oil market size is set to grow by USD 3,126.37 million between 2022 and 2027 and register a CAGR of 10.33%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that help global businesses obtain growth opportunities.
Organic edible oil market 2023-2027: Segmentation
- End-user
- Organic Soybean Oil
- Organic Olive Oil
- Organic Canola Oil
- Organic Coconut Oil and Others
The organic edible oil market growth in the organic soybean oil segment will be significant during the forecast period. Organic soybean is preferred over inorganic soybean oil, as the latter is a harmful ingredient in processed foods with low amounts of saturated fats. As consumers are becoming more health-conscious, the demand for organic food products is rising. This, in turn, is expected to propel the consumption of organic soybean oil.
- Distribution Channel
- Offline
- Online
The organic edible oil market growth in the offline segment will be significant during the forecast period. Different types of offline channels include hypermarkets, supermarkets, grocery stores, and convenience stores. Organized retail, including hypermarkets and supermarkets as two of the major offline sales channels for organic edible oils, facilitates the purchasing process for consumers. In addition, easy availability of products on online platforms and easy access to mixed product outlets are estimated to drive the growth of the offline segment of the global organic edible oil market during the forecast period.
- Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
By geography, APAC is expected to account for 34% of the market’s growth during the forecast period, with China being the key country. The demand for organic edible oils is increasing in the APAC region due to rising disposable income, increasing consumer awareness of the health benefits of organic edible oils, and expanding local retail. To meet increasing demand, major market players are mainly focusing on product offerings and increasing production capacity. Moreover, increasing demand for high quality organic oils such as olive oil, coconut oil and avocado oil is one of the biggest trends in the APAC market. Such factors will propel the market growth in this region during the forecast period.
