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Global Organic Edible Oil Market to reach USD 5.84 billion by the end of 2030.

Global Organic Edible Oil Market Size study & Forecast, by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, Coconut oil, Others) by Distribution Channel (Supermarket/Hypermarket, Specialty Store, Convenient Stores, Online Retail Stores, Others), and Regional Analysis, 2023-2030

Product Code: OIRFB-12438294
Publish Date: 20-05-2023
Page: 200

Global Organic Edible Oil Market is valued at approximately USD 2.88 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.23% over the forecast period 2023-2030. Organic edible oils are vegetable oils that are produced using organic farming practices, which means that they are grown without the use of synthetic fertilizers, pesticides, and other chemicals. The rising consumer awareness regarding the health benefits of organic products, high demand for natural and healthy foods, rising prevalence of chronic diseases, rising government support for organic agriculture, and growing popularity of plant-based diets are the major factors that are soaring the market demand around the world.

In addition, the increasing demand for clean-label and non–GMO ingredients is acting as a catalyzing factor for market growth across the globe. In the present scenario, consumers are becoming more health-conscious and inclining towards the consumption of natural foods. Accordingly, the demand for clean-label products is rising as it shows the list of ingredients utilized to manufacture final product clearly, and these products does not contain artificial ingredients, additives, or genetically modified organisms and are not over-processed. Hence, businesses are launching new products in the market to meet the growing demand for organic, clean-labeled, and preservative-free foods. For instance, in March 2020, Nutiva Inc., a U.S.-based manufacturer of organic plant-based foods, vitamins, and personal care items introduced a new range of organic avocado oils. The three new products—Organic Extra Virgin Avocado Oil, Organic MCT Oil Blend, and Organic 100% Pure Avocado Oil—were made accessible. New non-GMO certified organic edible oils with USDA organic and vegan certifications claim to be made without chemicals. These products are particularly manufactured for edible purposes such as table top, dressings, and sauces. Thus, these aforementioned factors are propelling the growth of the Organic Edible Oil Market during the estimated period. Moreover, the increasing investment in R&D activities, as well as the rising availability and accessibility of organic products present various lucrative opportunities over the forecasting years. However, the high price of products and the lack of awareness are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Organic Edible Oil Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising health concern among the population, abundant availability of raw materials, and rising availability of organic products on retail shelves. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The increasing preference toward packaged organic foods, surging demand for healthy cooking oils, and government support for organic agriculture are significantly propelling the market demand across the region.

Major market players included in this report are:
Cargill Inc (U.S.)
Nutiva (U.S.)
Catania Spagna (U.S.)
EFKO Group (Russia)
Aryan International (India)
Adams Group (Canada)
Daabon Organic (Australia)
NOW Foods (U.S.)
B&G Foods, Inc. (U.S.)
Viva Naturals (U.S.)

Recent Developments in the Market:
Ø In October 2022, Natural Grocers, an American family-owned and -operated organic and natural grocery company announced the addition of Organic Extra Virgin Unrefined Coconut Oil in the company’s product line. The product is offered in three various sizes, including 17.5 oz, 32 oz, and 48 oz.
Ø In June 2022, Pansari Group, a producer and distributor of plastic packaging products, reintroduced Oreal edible oils with modernized packaging options. The business manufactures organic cooking oils. The new cold-pressed product includes significant packaging improvements, including virgin food-grade container material, a larger label for unambiguous health claims, and the bottle’s opening has also been extended to make oil pouring easier.

Global Organic Edible Oil Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Coconut oil
Others
By Distribution Channel:
Supermarket/Hypermarket
Specialty Store
Convenient Stores
Online Retail Stores
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Organic Edible Oil Market, by Region, 2020-2030 (USD Billion)
1.2.2. Organic Edible Oil Market, by Type, 2020-2030 (USD Billion)
1.2.3. Organic Edible Oil Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Organic Edible Oil Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Organic Edible Oil Market Dynamics
3.1. Organic Edible Oil Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for clean label and non–GMO ingredients
3.1.1.2. Rising consumer awareness regarding the health benefits of organic products
3.1.2. Market Challenges
3.1.2.1. High price of products
3.1.2.2. Lack of awareness the benefits of the product
3.1.3. Market Opportunities
3.1.3.1. Increasing investment in R&D activities
3.1.3.2. Rising availability and accessibility of organic products
Chapter 4. Global Organic Edible Oil Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Organic Edible Oil Market, by Type
5.1. Market Snapshot
5.2. Global Organic Edible Oil Market by Type, Performance – Potential Analysis
5.3. Global Organic Edible Oil Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Organic Edible Oil Market, Sub Segment Analysis
5.4.1. Palm Oil
5.4.2. Soybean Oil
5.4.3. Rapeseed Oil
5.4.4. Sunflower Oil
5.4.5. Olive Oil
5.4.6. Coconut oil
5.4.7. Others
Chapter 6. Global Organic Edible Oil Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Organic Edible Oil Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Organic Edible Oil Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Organic Edible Oil Market, Sub Segment Analysis
6.4.1. Supermarket/Hypermarket
6.4.2. Specialty Store
6.4.3. Convenient Stores
6.4.4. Online Retail Stores
6.4.5. Others
Chapter 7. Global Organic Edible Oil Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Organic Edible Oil Market, Regional Market Snapshot
7.4. North America Organic Edible Oil Market
7.4.1. U.S. Organic Edible Oil Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Organic Edible Oil Market
7.5. Europe Organic Edible Oil Market Snapshot
7.5.1. U.K. Organic Edible Oil Market
7.5.2. Germany Organic Edible Oil Market
7.5.3. France Organic Edible Oil Market
7.5.4. Spain Organic Edible Oil Market
7.5.5. Italy Organic Edible Oil Market
7.5.6. Rest of Europe Organic Edible Oil Market
7.6. Asia-Pacific Organic Edible Oil Market Snapshot
7.6.1. China Organic Edible Oil Market
7.6.2. India Organic Edible Oil Market
7.6.3. Japan Organic Edible Oil Market
7.6.4. Australia Organic Edible Oil Market
7.6.5. South Korea Organic Edible Oil Market
7.6.6. Rest of Asia Pacific Organic Edible Oil Market
7.7. Latin America Organic Edible Oil Market Snapshot
7.7.1. Brazil Organic Edible Oil Market
7.7.2. Mexico Organic Edible Oil Market
7.8. Middle East & Africa Organic Edible Oil Market
7.8.1. Saudi Arabia Organic Edible Oil Market
7.8.2. South Africa Organic Edible Oil Market
7.8.3. Rest of Middle East & Africa Organic Edible Oil Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Cargill Inc (U.S.)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Nutiva (U.S.)
8.3.3. Catania Spagna (U.S.)
8.3.4. EFKO Group (Russia)
8.3.5. Aryan International (India)
8.3.6. Adams Group (Canada)
8.3.7. Daabon Organic (Australia)
8.3.8. NOW Foods (U.S.)
8.3.9. B&G Foods, Inc. (U.S.)
8.3.10. Viva Naturals (U.S.)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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