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United States (USA) Edible Oil Market Research Report, 2028

United States (USA) Edible Oil Market Research Report, 2028

Actual Market Research 30-09-2023 81 Pages Figures : 7 Tables : 35 Region : North America Country : United States Category : Food & Beverages Food

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The edible oils market in the United States is a vibrant and vital area of the country's food and beverage industry. This market comprises a varied spectrum of edible oils used for culinary, industrial, and commercial uses, demonstrating a complex interplay of consumer preferences, agricultural trends, regulatory frameworks, and technical breakthroughs. As consumer knowledge of health-conscious options and culinary diversity grows, industry participants invest in rigorous R&D to innovate and produce products that satisfy changing demands. The diverse structure of the edible oils market in the United States demands a thorough awareness of macroeconomic issues, supply chain dynamics, competitive landscapes, and nutritional concerns in order to make informed decisions and manage the complexities of this essential industry. Because of a convergence of elements that collectively determine its dynamics and set it apart in the world arena, the United States stands out as a unique and distinct market for edible oils. For starters, its sheer size and diversified population contribute to a diverse range of culinary preferences and dietary habits, resulting in a strong demand for a wide range of edible oils to cater to multicultural cuisines. This variation in preferences is exacerbated by an increasing emphasis on health-conscious options as customers seek oils that correspond with their dietary goals. Technological advancements and advanced processing technologies used in the United States help produce high-quality edible oils with better shelf life, nutritional profiles, and culinary diversity. This advancement includes specialty oils such as avocado oil, which has gained popularity for its health benefits and unique flavor profile. According to the research report "United States Edible Oils Research Report, 2028," published by Actual Market Research, the United States Edible Oils market was valued at USD 31.32 Billion in 2022. The rising emphasis on health-conscious choices has resulted in a shift in consumer preferences toward edible oils that are seen as healthier options. Oils heavy in monounsaturated and polyunsaturated fats, such as olive oil and avocado oil, have gained appeal because of their potential cardiovascular advantages and higher smoke points for cooking. The expansion of plant-based diets and interest in functional foods has increased demand for oils with specific nutritional profiles. Oils containing omega-3 fatty acids, such as flaxseed and chia seed oils, are sought after for their possible health benefits, which include anti-inflammatory characteristics and cognitive assistance. The FDA's decision to remove partially hydrogenated oils (a significant source of artificial Trans fats) from the United States food supply has spurred the food industry to reformulate goods to eliminate Trans fats. This has resulted in a shift toward healthier oil substitutes in processed meals. Technological advances have resulted in the production of cooking oils with increased stability and shelf life. High-oleic oils, which are bred to include a larger proportion of monounsaturated fats, provide advantages such as improved frying performance and longer freshness. Collaboration among edible oil producers, food processors, and research organizations has resulted in the creation of novel oil-based components and products. These alliances help differentiate products and cater to changing consumer interests. Based on product type market is segmented into soybean oil, palm oil, rapeseed oil, mustard oil, sunflower oil, olive oil, ground nut oil, coconut oil, corn oil, ricebran oil, sesame oil, cottonseed oil, and others (apricot, hazelnut, almond, macadamia, walnut, avocado, grapeseed, cashew, brazil nuts, canola etc). Among them market is majorly dominated by Soybean oil. The United States is one of the world's largest soybean producers. Domestically cultivated soybeans provide a constant and reliable source of raw material for soybean oil manufacturing, decreasing the need to rely heavily on imports. Soybean oil has a mild, neutral flavor that lends itself to a variety of culinary uses. Because of its neutral flavor, it can be utilized in both savory and sweet foods without affecting the overall flavor character. According to our analysis, the value of US soybean oil exports in 2022 is expected to be over USD 1 billion. Furthermore, the cost-effectiveness of soybean oil is aided by large-scale soybean production in the United States. Its low cost makes it an appealing option for food manufacturers trying to keep their prices competitive. Based on nature market is divided into conventional and organic. Conventional edible oils are widely consumed in United States and are leading the market as well. Traditional edible oils, including soybean, corn, canola, and vegetable oils, have long been components of the American diet. These oils gained popularity as a result of their accessibility, affordability, and usefulness for processing and preparing food. The need for oils that are appropriate for industrial-scale food processing has increased over time as convenience and processed foods have become more prevalent in the United States. Because of their stability, flavor neutrality, and affordability, conventional oils are frequently used in processed snacks, baked goods, and packaged foods. Based on end-user market is majorly segmented into domestic, industrial, and food service. Domestic segment are the major consumers of edible oils in United States. The United States is a multicultural country with a vast variety of culturally inspired culinary traditions. Edible oils like soybean, corn, and canola oils, which are widely utilized and well-known to the general public, are employed in many classic American cuisines and cooking techniques. Because of the country's diversity, there is a need for a wide range of edible oils that can accommodate various cuisines and cultural preferences. The strength of the domestic market is attributed to local demand for the oils used in particular ethnic dishes. On an average it is estimated that the average American household consumes around 2 liters of edible oil per month. Based on distribution channel market is segmented into offline and online. Offline channel include convenience store, hypermarket/ supermarket, direct sales and other. Among them convenience store is the major distribution channel for edible oils in United States. Convenience stores are ideal for making quick purchases because they are frequently situated in convenient areas. When they don't have easy access to larger grocery stores, some customers may choose to purchase small quantities of necessities from convenience stores, such as edible oils. People may go to convenience stores for necessary items, such as basic cooking components like edible oils, in emergency situations or during unforeseen disasters. Some of the major convenience stores in the United States that distribute edible oils include, 7-Eleven, Circle K, Wawa, Sheetz and many more. Considered in this report: • Geography: United States • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • United States Edible Oils market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Soybean Oil • Palm Oil • Rapeseed Oil • Mustard Oil • Sunflower Oil • Olive Oil • Ground nut Oil • Coconut Oil • Corn Oil • Ricebran Oil • Sesame Oil • Cottenseed Oil • Others (apricot, hazelnut, almond, macadamia, walnut, avocado, grapeseed, cashew, brazil nuts, canola etc) By Nature: • Conventional • Organic By End-User: • Domestic • Industrial • Food Service By Distribution Channel: • Offline • Convenience store • Hypermarket/Supermarket • Direct Sales • Others • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Edible Oils industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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