1. What is the projected Compound Annual Growth Rate (CAGR) of the Philippines Edible Oils & Fats Market?
The projected CAGR is approximately 5.21%.
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Philippines Edible Oils & Fats MarketPhilippines Edible Oils & Fats Market by Type [Oils (Palm, Coconut, Soybean, Others), by Source (Plant, Animal), by End-Use (Food Service, Retail), by Forecast 2026-2034
The Philippines Edible Oils & Fats Marketsize was valued at USD 3.39 USD billion in 2023 and is projected to reach USD 4.84 USD billion by 2032, exhibiting a CAGR of 5.21 % during the forecast period.Edible oils and fats are products based on plant or animal raw materials which is generally applied as a media of cooking including baking and preparation of other food products. Finally, butter, olive oil, margarine, and canola oil and other liquid oils including soybean, corn, sunflower, walnut, and flaxseed are indispensable items in cooking as they are used to add flavour, texture, and nutritional content. Defines as non-processed products of vegetable or animal origin that contain a variety of saturated, monounsaturated, and polyunsaturated fatty acids and are either solid or liquid at ambient temperature. Their characteristic properties include high energetic values, often containing a high density of calorie material, the nutrients which become easier for the body to absorb in the presence of fats – vitamins A, D, E, and K. Edible oils provide more benefits than just nutritive value; they enhance the texture of foods, help in making one feel full as well as playing pivotal roles in different methods of preparing food such as frying, sautéing among others. Also, many edible oils including olive oil contain flavonoids and other beneficial nutrients and have numerous potential benefits such as preventing heart complications and inflammation. The demand for edible oils and fats in the Philippines is driven by population growth, increasing urbanization, rising disposable incomes, and the popularity of processed and convenience foods.Philippines Edible Oils & Fats Trends.
The Philippines Edible Oils & Fats Market is segmented into four regions: Luzon, Visayas, Mindanao, and the National Capital Region (NCR). The NCR is the largest market for edible oils and fats, followed by Luzon. Visayas and Mindanao are the smallest markets for edible oils and fats.
The majority of edible oils and fats consumed in the Philippines are used for cooking. The most popular cooking oils include palm oil, coconut oil, and soybean oil. Edible fats are used in a variety of processed foods, such as baked goods, snacks, and sauces.
The DROCs for the Philippines Edible Oils & Fats Market are:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.21% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.21%.
Key companies in the market include NutriAsia (Philippines), International Oil Factory (Baguio Oil) (Philippines), Oleo Fats (Philippines), Cargill, Inc. (U.S.), Marca Leon (Philippines), Fuji Oil Co. Ltd. (Japan), CIIF Oil Mills Group (Philippines), Wilmar International Limited (Singapore), Archer Daniels Midland Company (U.S.), Arla Foods amba (Denmark).
The market segments include Type [Oils, Source, End-Use.
The market size is estimated to be USD 3.39 USD billion as of 2022.
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November 2022 – OFI strengthened ties with the Polish business partner and brand Mlekovita. It received an 18-container shipment of milk products from the Polish brand. OFI exclusively distributes its products in the Philippines market. OFI and PTIA took the opportunity to discuss possible import and export projects between Oleo-Fats and other Polish companies. Mlekovita will also help OFI in other segments, such as cooking oil and baking, and help OFI increase its market share in the coming years.
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The market size is provided in terms of value, measured in USD billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Philippines Edible Oils & Fats Market," which aids in identifying and referencing the specific market segment covered.
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