A myth has been staying with a human for generations that fats are bad and should be avoided. People with high cholesterol and heart conditions are suggested to opt for a low-fat diet, avoiding all forms of fat to a great extent possible. In order to lose weight, a typical individual should begin with low-fat or no-fat diet.
Scientifically, both good and bad fats exist. Different kinds of oils and fats are available that include monounsaturated fats and polyunsaturated fats. These fats are mainly present in plant sources such as nuts, avocados and olives, peanuts, and canola oils. These fats are liquid at room temperature. Polyunsaturated fats include the healthy omega-3 fatty acids. These types of fats are necessary for the creation of cell walls and hormones in the body. Other fats such as saturated fats—found mostly in animal products—and trans fats—found in cookies, deep-fried foods, and foods with chocolate coatings. Trans fats are formed when unsaturated vegetable oils are hydrogenated and become more solid and more stable. This type of fat is unhealthy for the human body.
All the eatables having these elements are consumed by humans and are fed to animals daily all over the world, thus increasing the demand for oils and fats in the market globally. Many companies are taking measures to reduce unnecessary or unhealthy fats by producing items with more needed fats. In addition, the information of nutrients provided on every product affects the buying habit of people, especially health-conscious population. On another hand, excess consumption of oils and fats leads to health issues, which in turn may hinder the growth of the global oils and fats market. Also, processed foods such as doughnuts, pizza, and burgers have the high amount of trans fats, which affects the human health adversely if consumed regularly. These factors may negatively affect the market growth in the near future.
On the basis of types, the global oils and fats market is segmented as healthy fats and unhealthy fats. The healthy fats segment is further segmented as monounsaturated fats and polyunsaturated fats. The unhealthy fats further segmented as trans fats and saturated fats.
Both the developed and developing countries are witnessing high demand for food items with healthy, tasty, and quality nutrients. This is leading to more oils and fats demands in the market. Countries such as China and Asia Pacific region are anticipated to be the largest market for oils and fats.
Unilever PLC, Ajinomoto Co. Inc., Wilmar International Ltd., Associated British Foods PLC, and CHS Inc. are some of the key players in the global oils and fats market. Many companies are entering the market with new talent, ideas, and products for more profit.
Oil and Fats Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa