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市場調查報告書
商品編碼
1623261
2024 年至 2031 年特種油市場(依產品、應用及地區劃分)Specialty Oils Market By Product (Soybean Oil, Cottonseed Oil, Palm Oil, Coconut Oil, Rapeseed Oil), Application (Food, Pharmaceuticals, Cosmetics & Personal Care) & Region for 2024-2031 |
主要推動因素是汽車、製藥、個人護理和發電等領域對特種油的消費不斷增加。特種油市場規模預計將從 2024 年的 2,594 億美元下降至 2031 年的 4,147 億美元。
各國政府推出政策鼓勵特種油的生產與消費,進一步推動市場成長。預計 2024 年至 2031 年間市場複合年增長率為 5.4%。
特種油市場定義/概述
特種油是從棕櫚油、椰子油、大豆油、葵花籽油、油菜籽油和橄欖油等多種來源獲得的獨特類型的油。這些油具有獨特的特性,適用於烹飪、化妝品、製藥和工業領域的特定應用。與普通食用油不同,特種油通常具有獨特的脂肪酸組成和健康益處,例如促進心血管健康和幫助皮膚保持水分。它們通常經過冷壓和精煉等精細工藝生產,以保留其天然風味和營養價值。
特種油越來越受歡迎,不僅因為它們在烹飪和烘焙方面的多功能性,還因為它們在營養補充劑和皮膚護理配方等產品中提供的功能特性。人們對更健康、更永續成分的興趣日益濃厚,推動了多個市場對特種油的需求,使其成為現代美食和工業的重要組成部分。
食品和飲料業對特種油的需求受到健康趨勢、消費者偏好和監管變化的嚴重影響。隨著人們越來越意識到不同油類的健康益處,消費者開始選擇橄欖油、椰子油和酪梨油等更健康的油類。預計 2022 年全球特種油市場價值將達到 1,254 億美元,2024 年至 2031 年的複合年增長率為 5.4%,2024 年將達到 2,594 億美元,到 2031 年最終將達到 2,031 億美元。達到10 億美元。這一增長是由可支配收入的增加以及食品向有機和天然成分的轉變所推動的。
此外,加工食品消費量的增加(尤其是在新興市場)進一步推動了這種需求。政府提倡永續的做法和更健康的食品選擇,這也推動了特種油取代傳統油的使用。例如,旨在減少反式脂肪酸的舉措正在促使生物基油的使用增加,使得其在食品領域更具吸引力。總體而言,這些因素為食品和飲料行業特種油的成長創造了強勁的環境。
特種油市場的生產商面臨一些監管障礙,阻礙了他們的業務和市場成長。主要課題之一是嚴格遵守政府機構制定的食品安全和品質標準。例如,印度食品安全和標準局(FSSAI)法規要求對食用油(包括特種油)進行嚴格的測試和標籤要求,以確保消費者安全。此外,生產商必須遵守各國不同的複雜進出口法規,這使得國際貿易變得複雜。
旨在促進環境永續性的政府措施也對傳統石油施加了限制,推動生產商轉向生物基替代品。然而,向永續實踐的轉變往往需要在研發方面投入大量資金,這對小型生產者來說可能是一個障礙。總體而言,這些監管框架對於確保產品安全至關重要,但也可能為尋求創新和擴張的市場進入者帶來課題。
The increasing consumption of specialty oils in sectors such as automotive, pharmaceuticals, personal care, and power generation is a significant driver. The specialty oils Market is estimated to reach a valuation of USD 414.7 Billion over the forecast period 2031, by subjugating aroundUSD 259.4 Billion valued in 2024.
Various governments are implementing policies that encourage the production and consumption of specialty oils, further boosting market growth . It enables the market to grow at aCAGR of 5.4% from 2024-2031.
Specialty Oils Market: Definition/ Overview
Specialty oils are unique types of oils derived from various sources, including palm, coconuts, soybeans, sunflower, rapeseed, and olives. These oils possess distinct properties that make them suitable for specific applications in culinary, cosmetic, pharmaceutical, and industrial sectors. Unlike common cooking oils, specialty oils are often characterized by their unique fatty acid profiles and health benefits, which can include improved cardiovascular health and enhanced skin hydration. They are typically produced through meticulous processes such as cold pressing or refining to preserve their natural flavors and nutritional qualities.
Specialty oils are increasingly favored for their versatility in cooking and baking, as well as their functional properties in products like dietary supplements and skincare formulations. This growing interest in health-conscious and sustainable ingredients has led to a rise in demand for specialty oils across various markets, making them an essential component of modern culinary and industrial practices.
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The demand for specialty oils in the food and beverage industry is significantly influenced by health trends, consumer preferences, and regulatory changes. As awareness of health benefits associated with various oils grows, consumers increasingly opt for healthier options like olive, coconut, and avocado oils. The global specialty oils market was valued at USD 125.4 Billion in 2022 and is projected to reach USD 259.4 Billion in 2024, reflecting a 5.4% CAGR from 2024 to 2031, ultimately totaling USD 414.7 Billion by 2031. This growth is driven by rising disposable incomes and a shift towards organic and natural ingredients in food products.
Additionally, the increasing consumption of processed foods, especially in emerging markets, further propels this demand. Government regulations promoting sustainable practices and healthier food options also encourage the adoption of specialty oils over conventional ones. For instance, initiatives aimed at reducing trans fats have led to greater usage of bio-based oils, enhancing their appeal in the food sector. Overall, these factors create a robust environment for the growth of specialty oils in the food and beverage industry.
Producers in the specialty oils market face several regulatory hurdles that can impede their operations and market growth. One of the main challenges is the strict compliance with food safety and quality standards set by government agencies. For instance, regulations under the Food Safety and Standards Authority of India (FSSAI) mandate rigorous testing and labeling requirements for edible oils, including specialty oils, to ensure consumer safety. Additionally, producers must navigate complex import/export regulations that vary by country, which can complicate international trade.
Government initiatives aimed at promoting environmental sustainability also impose restrictions on conventional oils, pushing producers toward bio-based alternatives. However, the transition to sustainable practices often requires significant investment in research and development, which can be a barrier for smaller producers. Overall, these regulatory frameworks are essential for ensuring product safety but can also pose challenges for market participants seeking to innovate and expand.
Palm oil's cost-effectiveness compared to other specialty oils can be attributed to several key factors. First, palm oil is derived from the oil palm tree, which has a higher yield per hectare than most other oil crops, producing approximately 3.5 to 4 tons of oil per hectare annually. This efficiency in production significantly lowers the overall cost of palm oil relative to oils like coconut or olive, which yield less. Furthermore, the production of palm oil is concentrated in countries like Indonesia and Malaysia, which account for about 85% of global supply, allowing for economies of scale that further reduce costs.
Additionally, palm oil's versatility enables it to be used in a wide range of products beyond cooking, including cosmetics and biodiesel, which broadens its market appeal and stabilizes prices. According to government data, palm oil prices have fluctuated but generally remain competitive due to consistent demand from major importing countries like India and China, which together account for about 25% of global consumption. These factors collectively contribute to palm oil's position as one of the most cost-effective specialty oils available in the market.
The demand for specialty oils in the food industry is driven by the rising popularity of organic and natural ingredients, which are perceived as safer and more beneficial for health. Oils derived from natural sources, such as olive, coconut, and avocado, are gaining traction due to their perceived health advantages, including improving vision and reducing cardiovascular risks. Additionally, the trend towards healthy eating habits is expected to persist, fueling demand for specialty oils that offer functional benefits and meet specific dietary preferences.
Government initiatives aimed at promoting healthier food options, such as reducing trans fats, have also contributed to the increased usage of bio-based specialty oils in the food sector. As a result, producers are focusing on developing sustainable products and using biodegradable raw materials to reduce dependence on petroleum and non-renewable resources. These factors collectively create a favorable environment for the growth of specialty oils in the food segment.
The presence of major food and beverage companies in North America significantly influences the specialty oils market by driving innovation, increasing demand, and shaping consumer preferences. These companies, including giants like Cargill, Bunge, and Archer Daniels Midland, account for a substantial share of the market, with top players holding around 58.8% of the global specialty fats and oils revenue. Their investment in research and development leads to the creation of healthier and more versatile oil products that cater to the growing health-conscious consumer base.
Moreover, the North American market for fats and oils was valued at approximately 25.92 million tons in 2018 and is projected to reach 50.04 million tons by 2032, growing at a CAGR of 4.89%. This growth is driven by increasing demand for convenience foods, which often utilize specialty oils for their functional benefits in flavor enhancement and shelf-life extension. Additionally, regulatory pressures to reduce unhealthy fats have prompted these companies to innovate with specialty oils that meet health standards while maintaining product quality. Consequently, the strategic actions of these major players not only shape market dynamics but also promote a shift towards healthier eating habits among consumers.
The increasing consumption of specialty oils in the Asia Pacific region is driven by several interrelated factors, including rising disposable incomes, changing dietary preferences, and growing health awareness. As economies such as China and India continue to expand, consumer purchasing power has significantly increased, leading to a higher demand for diverse cooking oils. For instance, the Asia Pacific market for specialty oils was valued at approximately USD 23.83 Billion in 2023, with a projected growth rate of 5.4% CAGR from 2023 to 2031.
Moreover, the surge in popularity of Western cuisine has introduced new cooking practices that utilize specialty oils like olive and avocado oil, enhancing their acceptance among consumers. Additionally, the increasing incidence of obesity and related health issues in the region has prompted consumers to seek healthier alternatives to traditional oils. Governments are also promoting the cultivation of oil crops, further supporting local production and availability. This combination of economic growth, evolving culinary trends, and health consciousness is driving the robust demand for specialty oils across Asia Pacific.
The competitive landscape of the specialty oils market is characterized by the presence of several key players who are striving to obtain a dominant position in the market using various business strategies. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Some of the prominent players operating in the specialty oils market include:
Calumet Specialty Products Partners
LP
Castrol Limited
Chevron Corporation
Exxon Mobil Corporation
H&R GmbH & Co. KGaA
Eni SpA
Ergon, Inc.
GOC Petrochemicals Private Limited
Grauer & Weil Limited
Gulf Oil Lubricants India Ltd
Idemitsu Kosan Co., Ltd., BP Plc.
Gandhar Oil Refinery Limited
Quaker Houghton, Inc.
In October 2023, Exxon announced its plans to acquire Pioneer Natural Resources for nearly USD 60 Billion. This acquisition is expected to significantly enhance Exxon's position in the Permian Basin, effectively doubling its output in this key region and facilitating its entry into more sustainable oil production practices, including specialty oils.
In August 2024, Idemitsu Kosan announced the completion of a feasibility study for its Sustainable Aviation Fuel production project using HEFA technology at its Tokuyama Complex. This project aims to enhance the company's capabilities in producing sustainable fuels.