Press release
PHO and Non-PHO based Oils Market Size, Share, Growth, Analysis, and Forecast Report 2023-2030
The global market, which includes partially hydrogenated and non-hydrogenated oils, is crucial to the food sector. The global market for PHO and non-PHO-based oils is made up of a wide range of culinary and industrial-grade oils that are frequently used in food processing, cooking, and various non-food industrial uses. The oils indicated above are essential parts of a wide range of savory food, including snacks and bakery and confectionery items.
The global market for PHO and non-PHO based oils is expected to undergo significant change, primarily as a result of people becoming more aware of the possible risks associated with trans fats, which are primarily present in PHO-based oils. Cleaner product labeling with fewer artificial and possibly dangerous substances are in greater demand.
PHO and Non-PHO based Oils Market Size and Growth Analysis
The Global PHO and Non-PHO based Oils Market reached US$ 149.3 billion in 2022 and is expected to reach US$ 217.3 billion by 2030, growing with a CAGR of 4.8% during the forecast period 2023-2030.
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PHO and Non-PHO based Oils Market Dynamics
The global market for PHO (partially hydrogenated oils) and non-PHO-based oils is significantly impacted by clean label movements. Customers' increasing preference for food goods with understandable ingredient lists devoid of artificial additions or unwanted ingredients is a defining characteristic of these developments.
More than ever, consumers are carefully examining the ingredients in the food they eat. They intentionally look for products with transparent ingredient listings because they want to be transparent about the foods they eat. The avoidance of artificial ingredients, such as trans fats, which are commonly present in PHOs, is highlighted by clean label initiatives. Customers are encouraged to avoid these dangerous chemicals because they believe that non-PHO-based oils are a healthier alternative that is more natural. The inclination of consumers choose non-PHO-based oils is evident in their purchase decisions.
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PHO and Non-PHO based Oils Market Segment Analysis
By Type
By Application
By End-User
By Region
Major Companies Covered
ADM, Bunge Limited, Wilmar International Ltd, IOI Group, AAK AB, Musim Mas Group, Fuji Oil Holdings Inc., Golden Agri-Resources Ltd, Ventura Foods LLC, Cargill, Inc.
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