Oils and Fats: Applications in Foods and Other Markets
U.S. production of commodity-grade animal fats and major vegetable oils amounted to 13.1 million metric tons in 2010 and is projected to decrease to 12.9 million metric tons in 2011. It is expected to reach 13.3 million metric tons by 2016 at a compound annual growth rate (CAGR) of 0.6% between 2011 and 2016.
This report is a complete update of the BCC report on oils and fats published in 2004. The current report covers recent developments in the U.S. and global markets for commercial-grade animal fats and major vegetable oils. The report includes a detailed examination of each type of fat and oil, its production, apparent consumption in foods and industrial products, and related international aspects. Also documented are the technological issues relating to the manufacture of the products, and recent patents awarded for innovations in the industry. For the purpose of the report, the global market comprises the following regions: Asia-Pacific, European Union (the EU), North America, and the rest of the world (ROW). The report includes profiles of major U.S. producers of fats and oils.
Rachel Agheyisi works as a freelance research analyst for BCC Research. Her professional experience includes more than 20 years in academia and business consulting. She holds a Ph.D. in Economics from McMaster University in Canada.
U.S. production of fats and oils is projected to increase at an average annual growth rate (AAGR) of 0.8%, from 11.8 million metric tons in 2003 to 12.2 million metric tons in 2008.
The major vegetable oils are projected to account for the 69.9%, while animal fats are projected to account for the remaining 30.1%.
U.S. consumption of fats and oils in food products is projected to increase at an AAGR of 1.5% and reach 10.7 million metric tons by 2008.
Domestic production of animal fats is projected to grow at an average annual rate of 2.4% and reach 3.7 million metric tons, while production of