With Gujarat Cooperative Milk Marketing Federation launching a new line of edible oils under the brand name JANMAY Farm Fresh, the Edible Oils and Fats Market is gaining traction

 

Cooking with edible oils and fats has been a part of human history since the earliest times. They have provided humankind with many health benefits, have been the source of essential oils, have been used for medicinal purposes, and have even been used for decoration. The demand for edible oils and fats has increased significantly in both developed and emerging economies. This is typically due to high consumption of bakery and confectionery and processed foods. Consumers from both developed and emerging economies are spending significantly on such products due to rising disposable income. According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the gross adjusted disposable income in the U.S. was US$ 50,444 per capita increasing from US$ 45,960 per capita in 2014. Such factors seem to augment growth of the edible oils and fats market significantly.

Cooking with vegetable oils or fats provides an environment that stimulates natural antioxidants, resulting in a reduction in oxidative stress caused by free radical molecules, oxygen radicals, and superoxide radicals. Cooking helps to destroy free radicals through an enhanced cellular oxidation process and reduced reactive oxygen species formation. The demand for biodiesel has been observed to be rising across the globe, which is derived from edible oils and fats. These edible oils are produced from sunflower, rapeseed, soybean, and palm. High usage of biodiesel can be an excellent solution for food versus fuel issues. Such factors can accelerate growth of the edible oils and fats market in the near future. That being said, consumers across the globe are becoming health conscious and hence are preferring trans-fats instead of conventional oils and fats. Moreover, there are stringent policies regarding oil products, which could hamper growth of the edible oils and fats market.

Recently, in July 2020, Gujarat Cooperative Milk Marketing Federation (GCMMF) launched a new range of edible oils under the brand name JANMAY Farm Fresh.

Cooking with vegetable oils or fats also provides an environment that stimulates lips and increases collagenase and elastase synthesis. The increase in collagenase and elastase synthesis results in a reduction of wrinkles and a general tightening of the skin. However, emerging regions such as Asia Pacific have registered high demand for edible oils and fats in the recent past. This due to the fact that high population growth and rising disposable income in China and India. The popularity of low-calorie oil is also increasing, which could boost regional edible oils and fats market growth. In terms of developed regions, Europe seems to be exhibiting significant demand for edible oils and fats. There is high consumption of the Mediterranean diet, which requires edible oils and fats.