Microencapsulation is Revolutionizing the Edible Oils Market
The Edible Oils Market size is projected to reach USD 268.9 billion by 2027 from USD 212.6 billion by 2022, recording a CAGR of 4.8% from 2022 to 2027. With the increasing population across the world coupled with lifestyle changes, there is a growing consumption of processed foods. Edible oils are one of the main ingredients used in processed foods. Moreover, with the ongoing research and development of novel products, such as confectionery and bakery items, ready-to-eat foods, and fast foods the role of edible oils in increasing the taste has become more significant. The constantly evolving food processing sector is further creating a huge demand for edible oils during the study period.
Increase in trend of microencapsulation technology to create opportunities in the edible oils market
The microencapsulation technique is a trending technology is being increasingly adopted by the growing food industry. According to a study by the Federal University of Santa Catarina, Brazil, 2019, oil encapsulation can prevent or decrease oxidation reactions and increase the range of its applications in the food industry.
In processed food products, oil encapsulation aids in the retention of flavor, shelf life, anti-oxidation, and storage time of the food products. Due to its benefits in a wide range of food applications, the encapsulation of edible oils is slowly gaining prominence in the food industry, globally, aiding in the expansion of the global edible oils market.
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Europe is projected to hold the second-largest share in the global edible oils market in 2027
In Europe, rapeseed is a crucial oilseed crop. The continent is a world leader in rapeseed oil production. A study titled, 'The Rapeseed Potential in Poland and Germany in the Context of Production, Legislation, and Intellectual Property Rights', published in 2019, highlighted the potential for further rapeseed market development in the European Union (EU) with a focus on Poland (12% of EU production) and Germany (19% of EU production).
Top edible oils companies include Cargill, Incorporated (US); Archer Daniels Midland Company (ADM); Bunge Limited (US); Louis Dreyfus Company (Netherlands); Wilmar International Limited (Singapore); and Adani Wilmar Limited (AWL) (India); Associated British Foods PLC (ABF) (UK); Sime Darby Plantation Berhad (Malaysia); and Borges International Group, S.L.U. (Spain).