Over the last two observations, the revenue is forecast to significantly increase in all segments. Particularly striking is the exceptionally strong increase of the segment Edible Oils towards the end of the forecast period. The value amounting to 0.3 billion U.S. dollars stands out significantly from the average changes, which are estimated at 0.13 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
Definition:
The Oils and Fats market covers all substances that are composed of fatty acids and used for cooking purposes or as an ingredient in many food products. These fats and oils can be obtained from plants or animals and are available in both liquid (oils) and solid (fats) form.
Structure:
The market consists of four different submarkets:
The Butter market covers all products that are defined as a high-fat milk product and contain a minimum of 80% fat. Its other ingredients are water, protein, and lactose.
The Margarine market covers all products that are made of vegetable oils and contains a minimum of 80% fat.
The Edible Oils market covers any type of oil that is extracted from plants and is used for cooking and food preparation.
The Other Oils & Fats market covers lard and other edible animal fats.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista. (September 27, 2024). Revenue of the oils and fats market in the United States from 2019 to 2029, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1292090/oils-and-fats-market-revenue-in-the-united-states-by-segment
Statista. "Revenue of the oils and fats market in the United States from 2019 to 2029, by segment (in billion U.S. dollars)." Chart. September 27, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1292090/oils-and-fats-market-revenue-in-the-united-states-by-segment
Statista. (2024). Revenue of the oils and fats market in the United States from 2019 to 2029, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1292090/oils-and-fats-market-revenue-in-the-united-states-by-segment
Statista. "Revenue of The Oils and Fats Market in The United States from 2019 to 2029, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1292090/oils-and-fats-market-revenue-in-the-united-states-by-segment
Statista, Revenue of the oils and fats market in the United States from 2019 to 2029, by segment (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1292090/oils-and-fats-market-revenue-in-the-united-states-by-segment (last visited November 10, 2024)
Revenue of the oils and fats market in the United States from 2019 to 2029, by segment (in billion U.S. dollars) [Graph], Statista, September 27, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1292090/oils-and-fats-market-revenue-in-the-united-states-by-segment
