Salad Oil Market Outlook
Salad oil is a light tasting vegetable oil used for salad dressing and to impart the specific flavour and consistency to the salad. Salad oil is extracted mainly by cold pressing method from vegetable sources such as nuts, seeds, and fruits. Most common sources include peanut, corn, soybean, sunflower, canola, olive, etc. Salad oil is used in food processing industry mainly, in the preparation of salad dressing, bakery mixes, mayonnaise, and also for pizza crust. In household, hotels, and restaurants, salad oil is used for salad dressing preparation as well as preparing cold dishes, such as, bread dips and drizzling over food.
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Health Benefits Offered by the Salad Oil Consumption is Propelling the Global Salad Oil Market
The global salad oil market is mainly driven by the increasing consumption of processed food products such as mayonnaise, salad dressings, etc. Mayonnaise and salad dressing products being first originated in the European region are consumed on a large scale in European countries. And since the adoption of European food culture worldwide is increasing, salad consumption and introduction, such as antipasto, have increased enormously. And in turn, the demand for salad oil is surging in the global market.
Salad oil from vegetable sources is healthy due to the high content of monounsaturated fats and polyphenols. Moreover, salad oil is low in saturated fat content and is trans-fat free that are unhealthy. The regular consumption of salad oil can benefit in weight loss, reduction of the inflammation, and reduction of the risk of heart disease. Polyphenols have antioxidant property, and have been discussed to reduce the risk of diabetes, cardiovascular problems, and neurodegenerative diseases. Since the prevalence of diabetes, obesity, cardiovascular diseases, etc. is increasing in the world, health-conscious populace is also increasing. The rise in the health consciousness around the globe is increasing the opportunity for healthy products, including salad oil. This is driving the global salad oil market.
Manufacturers of salad oil are providing organic, non-GMO, Kosher, Halal, and SQF certified products. And considering the current consumer perception and demand for such products, manufacturers offering salad oil with these claims have increased opportunity. Also, manufacturers are innovating new products to have improvised properties. For example; blend of vegetable oil and omega-3 derived from marine sources that have increased health benefits.
Salad Oil Market Segmentation
The salad oil market can be segmented on the basis of nature, Sources, end use, and distribution channel.
On the basis of nature, the salad oil market can be segmented as:
On the basis of sources, the salad oil market can be segmented as:
On the basis of end use, the salad oil market can be segmented as:
On the basis of distribution channel, the salad oil market can be segmented as:
Direct Sales Channel/B2B
Indirect Sales Channel/B2C
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Salad Oil Market: Regional Analysis
Currently, the global salad oil market is majorly occupied by the North American and European region due to the regular consumption of salad and salad dressing products such as salad oil. In the Asia Pacific and the Middle East and African region, due to the changing food culture and eating habits, salad oil demand is on the surging. Additionally, due to the increasing middle-class population and middle-class population income is creating a positive scenario in the global salad oil market, since the purchasing power of the customer is increasing in these regions.
Salad Oil Market: Key Participants
Some of the market participants in the salad oil market are:
Bio Planete F.J. Moog SAS
Salad Oils International Corporation
Maeva Group International
Archer Daniels Midland Company
California Rice Oil Company
AG Processing Inc.
Columbus Vegetable Oils