PHO and non-PHO-based oil and fat market projected to reach $469.2 billion by 2034

From Globe Newswire: 2024-06-27 10:38:00

The global PHO and non-PHO-based oil and fat market is projected to reach $269.5 billion by 2024, with a 5.7% CAGR from 2024 to 2034. Tightening regulations on trans fats are driving this growth, leading food makers to seek healthier alternatives. North America and East Asia are expected to dominate sales by 2034.

Consumer awareness of healthier food options is increasing demand for PHO and non-PHO-based oils. Commercial food service operators are transitioning to healthier cooking oils due to regulations restricting the use of PHOs. Leading industry players like Archer-Daniels-Midland and Bunge Ltd. are driving innovation in the market to meet consumer demand.

Market leaders in the PHO and non-PHO-based oil and fat industry are responding to consumer demands for increased nutrition and ingredient transparency. Companies like Cargill and ADM are investing in sustainable practices and building new facilities to meet growing demand. The industry is focused on providing consumers with healthier and more sustainable oil and fat options.



Read more at Globe Newswire: PHO and Non-PHO-Based Oil and Fat Market to Surge to $469.2