Product Code: MRFR/F-B & N/25684-HCR
Global Hydrogenated Vegetable Oil Market Research Report By Source (Soybean Oil, Palm Oil, Sunflower Oil, Cottonseed Oil, and Rapeseed/Canola Oil), By Type (Fully Hydrogenated Oils, Partially Hydrogenated Oils (PHOS), And Interesterified Oils), By Function (Stabilizer, Texturizer, and Thickening Agent) By Distribution Channel (Direct Sales, Distributors and Retailers, Online Platforms, Others), By End-Use Sector (Food and Beverage, Cosmetics and Personal Care, Industrial Manufacturing, Others) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) Forecast to 2032
Market Overview
The global Hydrogenated Vegetable Oil market was valued at USD 34.28 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.72% over the forecast period, reaching a value of USD 61.19 billion in 2032.
Demand for processed foods and health consciousness are the primary factors that determine the hydrogenated vegetable oil market. Palm oil and soybean oil are the most frequently employed primary materials for hydrogenation. Palm oil is the most widely ingested due to its cost-effectiveness and stability. The food sector remains the primary consumer of these end-products, primarily due to the increase in the consumption of confectionary and confectionery products.
The market is significantly influenced by the increasing population, urbanization-induced market expansion, and changes in food consumption patterns. The expansion of the market for ready-to-eat and ready-to-cook dishes has been driven by the increase in purchasing power and the hectic lifestyles of the population.
Market segment insights
The Hydrogenated Vegetable Oil market is further divided into soybean oil, palm oil, sunflower oil, cottonseed oil, and rapeseed/canola oil, depending on the source.
Fully hydrogenated oils, partially hydrogenated oils (PHOS), and interesterified oils are the three categories into which the market is divided.
The Hydrogenated Vegetable Oil market is segmented into three categories: texturizer, stabilizer, and viscosity agent.
The market is segmented into the following categories: pharmaceutical, cosmetics & personal care, residential/retail, food & beverage, and others.
The market is divided into direct and indirect segments based on the distribution channel.
Regional Perspectives
The Hydrogenated Vegetable Oil market is segmented into North America, South America, Asia Pacific, Europe, and MEA, as determined by region. It is anticipated that the North America region will reach a value of USD 22.24 billion by 2032, with a compound annual growth rate (CAGR) of 6.08% from 2024 to 2032. In 2023, the region was valued at 13.14 billion USD.
The Hydrogenated Vegetable Oil Market's regional segmentation provides valuable insights into the market's growth dynamics across various geographical regions. In 2023, North America maintained a substantial market share, which was primarily due to the growing demand from the food processing industry. The use of hydrogenated vegetable oils in a variety of applications is favored by stringent regulations in Europe, which is another critical region. The APAC region is expected to experience significant growth during the forecast period due to the increasing demand for processed foods and the increasing population. Manufacturers of hydrogenated vegetable oils have the potential to capitalize on emerging markets such as South America and MEA.
Major Players
IOI Group, Godrej Industries, Cargill, Louis Dreyfus Company, Musim Mas Holdings, Bunge, Olam International, Sime Darby Plantation, AAK, PT Smart Tbk, Golden Agri Resources, Wilmar International, and Archer Daniels Midland Company are among the key companies in the hydrogenated vegetable oil market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY SOURCE
- 1.1.2 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY TYPE
- 1.1.3 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY FUNCTION
- 1.1.4 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY END USER
- 1.1.5 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY DISTRIBUTION CHANNEL
- 1.1.6 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 OVERVIEW
- 3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
- 3.3 PURCHASED DATABASE:
- 3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
- 3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
- 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
- 3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
- 3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
- 3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET BACKGROUND
- 4.1 COMPARISON FROM PARENT MARKET
- 4.2 MACROECONOMIC FACTOR IMPACTING THE MARKET
- 4.3 ONLINE BRAND LANDSCAPE
- 4.4 HYDROGENATED VEGETABLE OIL MARKET BRAND LANDSCAPE
- 4.5 EVOLUTION OF HYDROGENATED VEGETABLE OIL INDUSTRY
- 4.6 HYDROGENATED VEGETABLE OIL MARKET STATISTICS
- 4.7 END USER MAPPING
- 4.8 ANALYSIS ON HYDROGENATED VEGETABLE OIL PRODUCERS
- 4.8.1 GEOGRAPHICAL LOCATIONS OF FACILITIES AND PRODUCTION CAPACITIES
- 4.8.2 PRODUCTION CAPACITIES OF VARIOUS PLANTS
- 4.8.3 THE NUMBER OF PLANTS PER REGION AND THEIR SCALE
5 MARKET DYNAMICS
- 5.1 INTRODUCTION
- 5.2 DRIVERS
- 5.2.1 HEALTHIER COOKING OIL ALTERNATIVES
- 5.2.2 TECHNOLOGICAL ADVANCEMENTS IN PROCESSING
- 5.2.3 GROWING POPULARITY OF PLANT-BASED DIETS
- 5.3 CHALLENGE
- 5.3.1 MARKET PERCEPTION
- 5.3.2 VOLATILITY IN RAW MATERIAL PRICES
- 5.4 RESTRAINTS
- 5.4.1 HEALTH CONCERNS OVER TRANS FATS
- 5.4.2 COMPETITION FROM HEALTHIER ALTERNATIVES
- 5.5 OPPORTUNITY
- 5.5.1 USE AS EXCIPIENTS IN DRUG FORMULATIONS
- 5.5.2 BIODIESEL PRODUCTION
- 5.6 STRATEGIC INSIGHTS
- 5.6.1 APPLICATION UPDATE
- 5.6.2 REGIONAL MARKETS TO LOOKOUT
- 5.7 REGULATORY UPDATE
- 5.8 MARKET TRENDS
- 5.9 IMPACT ANALYSIS OF COVID-19
- 5.9.1 IMPACT ON OVERALL HYDROGENATED VEGETABLE OIL INDUSTRY
- 5.9.2 IMPACT ON GLOBAL HYDROGENATED VEGETABLE OIL MARKET
- 5.9.3 IMPACT ON SUPPLY CHAIN OF GLOBAL HYDROGENATED VEGETABLE OIL MARKET
- 5.9.4 IMPACT ON MARKET DEMAND OF GLOBAL HYDROGENATED VEGETABLE OIL MARKET
- 5.9.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
- 5.9.4.2 CONSUMER SENTIMENTS
- 5.9.5 IMPACT ON PRICING OF GLOBAL HYDROGENATED VEGETABLE OIL MARKET
- 5.9.6 CONSUMER BEHAVIOR ANALYSIS
6 MARKET FACTOR ANALYSIS
- 6.1 VALUE CHAIN ANALYSIS
- 6.1.1 RAW MATERIALS
- 6.1.2 MANUFACTURING / PRODUCTION/ PROCESSING
- 6.1.3 PACKING
- 6.2 SUPPLY CHAIN ANALYSIS
- 6.2.1 PARTICIPANTS (AT DIFFERENT NODES)
- 6.2.1.1 RAW MATERIAL SUPPLIERS
- 6.2.1.2 MANUFACTURERS
- 6.2.1.3 DISTRIBUTION CHANNEL
- 6.2.1.4 END USER
- 6.2.2 INTEGRATION LEVELS
- 6.2.3 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS)
- 6.3 PORTER'S FIVE FORCES MODEL
- 6.3.1 BARGAINING POWER OF SUPPLIERS
- 6.3.2 BARGAINING POWER OF BUYERS
- 6.3.3 THREAT OF NEW ENTRANTS
- 6.3.4 THREAT OF SUBSTITUTES
- 6.3.5 INTENSITY OF RIVALRY
- 6.4 REGULATORY LANDSCAPE
- 6.5 PRODUCTION CAPACITY ANALYSIS: GLOBAL HYDROTREARED VEGETABLE OIL MARKET, 2022 84
7 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY SOURCE
- 7.1 INTRODUCTION
- 7.2 SOYBEAN OIL
- 7.3 PALM OIL
- 7.4 SUNFLOWER OIL
- 7.5 COTTONSEED OIL
- 7.6 RAPESEED/CANOLA OIL
8 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY TYPE
- 8.1 INTRODUCTION
- 8.2 FULLY HYDROGENATED OILS
- 8.3 INTERESTERIFIED OILS
- 8.4 OTHERS
9 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY FUNCTION
- 9.1 INTRODUCTION
- 9.2 STABILIZER
- 9.3 TEXTURIZER
- 9.4 THICKENING AGENT
10 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY END USER
- 10.1 INTRODUCTION
- 10.2 FOOD & BEVERAGE
- 10.3 RESIDENTIAL/RETAIL
- 10.4 PHARMACEUTICAL
- 10.5 COSMETICS & PERSONAL CARE
- 10.6 OTHERS
11 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY DISTRIBUTION CHANNEL
- 11.1 INTRODUCTION
- 11.2 DIRECT
- 11.3 INDIRECT
12 GLOBAL OLEOCHEMICAL CATALYSTS MARKET, BY REGION
- 12.1 INTRODUCTION
- 12.1.1 PROCESS AIDS "OLEOCHEMICAL CATALYSTS"
- 12.2 NORTH AMERICA
- 12.2.1 US
- 12.2.2 CANADA
- 12.2.3 MEXICO
- 12.3 EUROPE
- 12.3.1 GERMANY
- 12.3.2 FRANCE
- 12.3.3 SPAIN
- 12.3.4 ITALY
- 12.3.5 UK
- 12.3.6 REST OF EUROPE
- 12.4 ASIA PACIFIC
- 12.4.1 CHINA
- 12.4.2 INDIA
- 12.4.3 JAPAN
- 12.4.4 SOUTH KOREA
- 12.4.5 AUSTRALIA & NEW ZEALAND
- 12.4.6 REST OF ASIA PACIFIC
- 12.5 SOUTH AMERICA
- 12.5.1 BRAZIL
- 12.5.2 ARGENTINA
- 12.5.3 REST OF SOUTH AMERICA
- 12.6 MIDDLE EAST AND AFRICA
- 12.6.1 GCC COUNTRIES
- 12.6.2 TURKEY
- 12.6.3 NORTHERN AFRICA
- 12.6.4 SOUTHERN AFRICA
13 GLOBAL HYDROGENATED VEGETABLE OIL MARKET, BY REGION
- 13.1 OVERVIEW
- 13.2 NORTH AMERICA
- 13.2.1 US
- 13.2.2 CANADA
- 13.2.3 MEXICO
- 13.3 EUROPE
- 13.3.1 GERMANY
- 13.3.2 FRANCE
- 13.3.3 SPAIN
- 13.3.4 ITALY
- 13.3.5 UK
- 13.3.6 REST OF EUROPE
- 13.4 ASIA PACIFIC
- 13.4.1 CHINA
- 13.4.2 INDIA
- 13.4.3 JAPAN
- 13.4.4 SOUTH KOREA
- 13.4.5 AUSTRALIA & NEW ZEALAND
- 13.4.6 REST OF ASIA PACIFIC
- 13.5 SOUTH AMERICA
- 13.5.1 BRAZIL
- 13.5.2 ARGENTINA
- 13.5.3 REST OF SOUTH AMERICA
- 13.6 MIDDLE EAST & AFRICA
- 13.6.1 GCC COUNTRIES
- 13.6.2 TURKEY
- 13.6.3 NORTHERN AFRICA
- 13.6.4 SOUTHERN AFRICA
14 COMPETITIVE LANDSCAPE
- 14.1 INTRODUCTION
- 14.2 COMPETITION DASHBOARD
- 14.2.1 PRODUCT PORTFOLIO
- 14.2.2 REGIONAL PRESENCE
- 14.2.3 STRATEGIC ALLIANCES
- 14.2.4 INDUSTRY EXPERIENCES
- 14.3 MARKET SHARE ANALYSIS, 2023
- 14.4 WHO ARE THE MAJOR DISRUPTORS & INNOVATORS?
- 14.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS?
- 14.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
- 14.7 LIST OF KEY PLAYERS/BRANDS, BY REGION
- 14.8 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 14.8.1 SUSTAINABILITY
- 14.8.2 EXPANSION
- 14.8.3 PRODUCT LAUNCH
- 14.8.4 PARTNERSHIP
15 COMPANY PROFILES
- 15.1 ARCHER DANIELS MIDLAND COMPANY (ADM)
- 15.1.1 COMPANY OVERVIEW
- 15.1.2 FINANCIAL OVERVIEW
- 15.1.3 PRODUCTS OFFERED
- 15.1.4 KEY DEVELOPMENTS
- 15.1.5 SWOT ANALYSIS
- 15.1.6 KEY STRATEGY
- 15.2 AAK
- 15.2.1 COMPANY OVERVIEW
- 15.2.2 FINANCIAL OVERVIEW
- 15.2.3 PRODUCTS OFFERED
- 15.2.4 KEY DEVELOPMENTS
- 15.2.5 SWOT ANALYSIS
- 15.2.6 KEY STRATEGY
- 15.3 BASF
- 15.3.1 COMPANY OVERVIEW
- 15.3.2 FINANCIAL OVERVIEW
- 15.3.3 PRODUCTS OFFERED
- 15.3.4 KEY DEVELOPMENTS
- 15.3.5 SWOT ANALYSIS
- 15.3.6 KEY STRATEGY
- 15.4 CRODA INTERNATIONAL LTD
- 15.4.1 COMPANY OVERVIEW
- 15.4.2 FINANCIAL OVERVIEW
- 15.4.3 PRODUCTS OFFERED
- 15.4.4 KEY DEVELOPMENTS
- 15.4.5 SWOT ANALYSIS
- 15.4.6 KEY STRATEGY
- 15.5 BUNGE LIMITED
- 15.5.1 COMPANY OVERVIEW
- 15.5.2 FINANCIAL OVERVIEW
- 15.5.3 PRODUCTS OFFERED
- 15.5.4 KEY DEVELOPMENTS
- 15.5.5 SWOT ANALYSIS
- 15.5.6 KEY STRATEGY
- 15.6 LOUIS DREYFUS COMPANY
- 15.6.1 COMPANY OVERVIEW
- 15.6.2 FINANCIAL OVERVIEW
- 15.6.3 PRODUCTS OFFERED
- 15.6.4 KEY DEVELOPMENTS
- 15.6.5 SWOT ANALYSIS
- 15.6.6 KEY STRATEGY
- 15.7 CLARIANT INTERNATIONAL LTD
- 15.7.1 COMPANY OVERVIEW
- 15.7.2 FINANCIAL OVERVIEW
- 15.7.3 PRODUCTS OFFERED
- 15.7.4 KEY DEVELOPMENTS
- 15.7.5 SWOT ANALYSIS
- 15.7.6 KEY STRATEGY
- 15.8 KAHL WORLD
- 15.8.1 COMPANY OVERVIEW
- 15.8.2 FINANCIAL OVERVIEW
- 15.8.3 PRODUCTS OFFERED
- 15.8.4 KEY DEVELOPMENTS
- 15.8.5 SWOT ANALYSIS
- 15.8.6 KEY STRATEGY
- 15.9 THE INNOVATION COMPANY
- 15.9.1 COMPANY OVERVIEW
- 15.9.2 FINANCIAL OVERVIEW
- 15.9.3 PRODUCTS OFFERED
- 15.9.4 KEY DEVELOPMENTS
- 15.9.5 SWOT ANALYSIS
- 15.9.6 KEY STRATEGY
- 15.10 WILMAR INTERNATIONAL
- 15.10.1 COMPANY OVERVIEW
- 15.10.2 FINANCIAL OVERVIEW
- 15.10.3 PRODUCTS OFFERED
- 15.10.4 KEY DEVELOPMENTS
- 15.10.5 SWOT ANALYSIS
- 15.10.6 KEY STRATEGY
- 15.11 DATA CITATIONS