Latin America Cooking Oils And Fats Market

Latin America Cooking Oils and Fats Market Size(2024 to 2032)

Latin America Cooking Oils and Fats Market size is predicted to reach USD 5.63 billion in 2024 and USD 8.42 billion by 2032, growing at a CAGR of 5.15% during the forecast period.

MARKET OVERVIEW

It captures 12% of the global market. Cooking oils and fats comprise saturated, poly-saturated, and mono-saturated fatty acids. Saturated fats increase the body's cholesterol levels, while mono-saturated and poly-saturated fats tend to lower cholesterol levels in the body.The growing demand for cooking oils and fats in developing countries such as India, Indonesia, and Argentina is the primary factor driving the market demand. The rise in the disposable income of consumers and the growing busy lifestyle of the consumer is the second reason driving the demand for processed foods and ready-to-drink beverages worldwide. This factor, in turn, is driving the demand for the market worldwide. Additionally, the rising use of high-quality edible oils related to the moderate consumption of oils and fats is another key factor driving the demand for the market.Inordinate consumption of fats and oils poses a significant threat to the market. Processed foods like French Fries, Pizzas, and Doughnuts have a large number of trans-fats that are not healthy if consumed regularly. The consumption of trans-fats increases LDL in the body. Additionally, the consumption of trans-fats raises the incidences of numerous heart diseases, type 2 diabetes, and cancer. Furthermore, the high price of raw materials makes the entry of a new player in the market extremely difficult.

This research report on the Latin America Cooking Oils and Fats market has been segmented and sub-segmented into the following categories.

Latin America Cooking Oils and Fats Market By Form

• Solid

• Liquid

Latin America Cooking Oils and Fats Market By Type

• Oil                               

• Palm Oil

• Soybean Oil         

• Rapeseed Oil      

• Sunflower Oil     

• Olive Oil

• Others   

• Coconut Oil

• Cottonseed Oil

• Peanut Oil

• Fat                              

• Butter    

• Shortenings & margarine              

• Lard        

• Tallow    

• Others   

• Poultry Fats

• Suet

Latin America Cooking Oils and Fats Market By Source

• Vegetable

• Animal

Latin America Cooking Oils and Fats Market By Application

• Bakery & Confectionery

• Processed Food

• R.T.E Foods/Convenience Foods

• Sauces, Spreads, and Dressings

• Others (Incl. Meat Products)

Latin America Cooking Oils and Fats Market By Country

• Brazil

• Chile

• Argentina

KEY MARKET PLAYERS

• Unilever PLC, Cargill, Inc.
• International Foodstuff Company Limited
• United Plantations Berhad
• Wilmar International Limited
• Archer Daniels Midland Company
• Associated British Foods plc
• Bunge Limited
• CHS Inc
• ConAgra Foods Inc