Organic edible oil is referred as type of oil
that is extracted from seeds. It is produced in remarkable assortment by plants
through natural metabolic processes. It is free of artificial ingredients as it
is made from natural ingredients. It is considered as a healthier alternative.
It has low cholesterol, fat, and calories. Thus, it is used for various
culinary purposes. There are various types of organic edible oil such as
organic soybean oil, organic canola oil, organic olive oil and others. Organic
soybean oil is rich in vitamin E, lecithin, sterolins, and phosphoric acid.
The key benefits are included help maintaining
functions of the skin, make skin healthier, and treat various skin problems.
According to study, “Global
Organic Edible Oil Market 2019 by Manufacturers, Regions, Type and
Application, Forecast to 2024” the key companies operating in the global
organic edible oil market are Adams Group, Cargill, Mizkan America, The J.M.
Smucker Company, NOW Foods, Nutiva, Bunge, Enzo Olive Oil, EFKO Group, KORIN
Agricultura Natural, Spectrum, Catania Spagna, Eden Foods, TIANA Fair Trade
Organics, Clearspring. The key vendors are increasingly competing against each
other based on factors for instance quality, product, price, innovation, and
distribution. Vendors are focusing on continuous innovations & product
launches. The performance of these vendors depends on the spending patterns,
tastes, changing consumer perception, and demographic trends.
Based on product type, organic edible oil
market is segmented into soybean oil, peanut oil, canola oil, sunflower oil,
palm oil, coconut oil and olive oil. Based on distribution channel, market is
segmented into retail stores, e-commerce, supermarket/hypermarkets and others.
Retail stores segment holds major share in the market owing to reputable chain
of retail outlets and robust supply chain of edible oil products. In addition,
based on application, market is segmented into commercial and household.
The organic edible oil market is driven by
growth in demand for trans-fat-free oils, followed by increase in inclination
for foods with greater notational value, rise in demand from small-media
enterprises (SMEs) & various industry verticals, improvement in living
standards, increase in awareness about the benefits of consumption of edible
oil over conventional oil, rise in efforts to lose weight & other health
complications, increase in awareness about healthier diets and health risks for
instance cardiovascular diseases and growth in concerns about the safety of food.
However, higher cost than the regular edible oil and complex inventory
management due to perishable nature may impact the market. Moreover, rise in
use in the beauty and cosmetic industry is a key opportunity for market.
Based on geography, the Asian-Pacific region
holds major share in organic edible oil market owing to rise in incidence of
oil adulteration and presence of significant consumer countries in the region.
Whereas, the Asian-Pacific and European regions are estimated to exhibit higher
growth rate due to increase in uses of online marketing channels and rise in
number of restaurants & cafes serving organic food over the forecast
period. In upcoming years, it is estimated that the market will be reached at
rapid pace as a result of rise in incidences of health problems such as
diabetes, digestive disorders, and obesity during the forecast period.
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