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PHO Oils Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: July, 2022
No of Pages: 169
Delivery Format: PDF + Excel

$2,950.00

Description of the Report

Are PHO Oils a Risky Way to Increase Risk of COVID-19 In Patients with comorbidities

In November 2020, the Bill for the elimination of trans fats in the Philippines was introduced by House Reps. Alfred Delos Santos and Ronnie Ong due to the possible negative consequences of oil for consumers. Consumers who have comorbidities, such as heart disease, are more susceptible to contracting coronavirus. The risk is expected to rise. Problems for companies operating in the Philippines PHO oil market, such as the food manufacturing major Nestle Philippines requesting explicit legislation language of the Bill.

Because ASEAN neighbors like Singapore and Thailand are taking action to reduce the consumption of trans fatty acid (TFA) products, the representatives of the Bill do not want to make the Philippines an unclean environment for these products. These trends could impact the Philippines’ PHO oil market business during the COVID-19 epidemic that is currently in progress.

The negative consequences of PHOs involving poor Cholesterol Influence the growth of markets

The earnings of the Philippines PHO oil market are predicted to decrease between USA 94.9Mn in 2020 to US$ 45.5Mn by the time in 2031. This is apparent since most nutritionists agree on the adverse effects of partially hydrogenated oil (PHO) (also known as trans fats). PHO oil has been found to raise bad cholesterol while lowering good cholesterol, increasing the risk of heart disease. Therefore, businesses should alter their manufacturing capabilities to include alternative products that do not contain PHO, like palm kernel oil, as it is similar to PHO in quality and structural stability.

Manufacturers Expected to Adjust Production towards PHO-free Alternatives to New Income

As the transition from PHOs to healthier alternatives can be a lengthy and continuous process, producers within the Philippines PHO oil market must gradually transition from PHOs to alternatives free of PHO to generate new revenue streams. Stratas FoodsLLC -a global supplier of oils, fats sauces, and dressings for the foodservice industry is receiving recognition for its introduction of the Golden Flex donut frying shortening made from soybeans to substitute for PHO oils. Companies in the Philippine’s PHO oils market follow the same producers’ lead.

To sustain their position and growth in the F&B industry, firms have established supply chains of PHO oils used in the pastry, cookie, and frosting recipes. Many companies still utilize PHO oils to make spreads, cakes, biscuits, and cakes. One of the most significant advantages of PHO oils that companies are leveraging is the ability to extend the shelf-life of food items and ensure the flavor of food products.

Companies Supply PHOs to Bakery Products

Products from the bakery industry like crackers, rusks, wafers, and others are helping companies in the Philippines’ PHO oils market sustain manufacturing and supply chain over the following years. But the trend is predicted to slow down, given that more and more people are becoming aware of the adverse effects of PHOs, such as the risk of developing ovarian cancer and heart disease. As producers slowly shift to PHO-free products, many items like French fries, soup, breakfast cereals, and even snacks require PHO oils.

In addition to gaining growth opportunities through other income streams, companies operating in the Philippines PHO oil market are working hard to meet the growing demand for bakery and peanut products.

PHO Oil Shortenings replacing the PHO Oil within Bakery Products

The companies in the Philippines PHO oils market are following the lead of Cargill. This American privately-owned global food company has launched its PHO-free palm shortening, which gives bakers a creamier, smoother, and more temperature-tolerant product. Manufacturers are catering to a variety of baking needs by expanding their R&D to create PHO-free hand shortenings that can overcome the storage and transportation issues of traditional shortening of palms.

The Philippines PHO oil manufacturers are expanding their production capacities for shortenings of palm oil. They are gaining more popularity as a popular substitute for PHO oil in baking products. They are building a solid research base on shortenings that replicate PHO oils’ characteristics.

Philippines PHO Oils Market: Overview

  • In a new study, the PHO oil market value within the Philippines is estimated at US 87.1Mn in 2021, According to MarkWide Market Research (MWR). According to the study, the Philippines market is predicted to grow to dollars 45Mn in 2030 with a CAGR of -6.3 percent. With the shifting preferences of consumers for food products and items, it is expected that the PHO oils industry will likely experience a negative effect over the next few years.
  • People are gravitating toward healthy foods and ingredients that offer positive health effects. With the increasing complexity of consumer behavior, due to commitments at work and in personal life and stressful lifestyles, consumers are looking for healthy foods that are not trans-fat-laden and have vital nutrients. All of these elements will limit the development of the PHO oil marketplace within the Philippines.
  • PHO oils are extensively used in baking and food items like cakes, pies, frozen pizza, cookie crackers, butter-like spreads, margarine, and butter. The growing usage of PHO oils in food items contributes significantly to the development of market PHO market for oils.
  • With the increasing awareness of health issues among the public, food manufacturers are focused on creating innovative food products free of trans fat or trans-fat-free items. Growing awareness about health risks associated with PHO oil has hampered the Philippine market’s growth.
  • According to a type of soy oil, this segment is predicted to have the majority of value, which is over 50 percent of all Philippines PHO oil markets.

Philippines PHO Oils: Market Frontrunners

  • Based on its type of soy oil, it will have the most significant market percentage in 2021 due to the growing use of soybean oil in food items and the food service industry.
  • With the increasing number of health issues related to PHO oils, the public is turning to alternatives that are not PHO-based, which contributes to the decline in the market share of PHO oils within the area. People are becoming increasingly interested in trans-fat-free food and oil, which are suitable for human health.
  • PHO oils are typically employed for deep-frying in restaurants since they can be used for longer durations than conventional oils before becoming rancid. Using various PHO oils may cause considerable variations in trans fat, which will increase the amount of trans fat in food products. The use of cooling oil is commonplace in food products sold on the streets in countries in need, which raises the likelihood of health risks.

Philippines PHO Oils Market: Drivers

  • The Increasing Use of PHO oils in food Products to drive global Market: PHO from vegetable oils is used in the production of margarine, baked products, snacks, and many other food products due to baked goods requiring semi-solid fats to keep solids suspended at ambient temperatures. PHOs possess the proper consistency and mouthfeel to substitute for animal fats like butter, lard, and tallow for lower prices. Shortenings made with PHO have more trans-fat acids, essential for the perfect meeting properties needed for high-quality acing. PHO is a good consistency and mouthfeel of butter, lard, and similar products, which are helpful to maintain the quality and consistency of food items. PHO oils are inexpensive when contrasted with other oils and have the same benefits as other animal-based butter and lard. The physiochemical characteristics of PHO oils have contributed to developing the PHO markets for oils.
  • Longer Shelf Life for PHO Oils The market benefits: PHO oil has a longer shelf life as opposed to fully hydrogenated oils. The functional properties of PHO oil aid in creating an even texture, extending the shelf life of food items, and improving the taste of food. PHO oils are becoming increasingly utilized in the food and service industries due to their functional properties that aid in increasing the shelf-life and shaping the desired texture of food. The increased usage of these oils within food items is anticipated to boost the market for PHO oils.

Philippines PHO Oils Market: Strategies

  • With the growing health risks associated with PHO oil, people are moving towards refined and fully hydrogenated oils with a lesser quantity of fats. Due to the growing demand for oil that is free of trans fats, manufacturers are cutting back on the production of PHO oils and are instead focusing on trans-fat-free oils. Manufacturers are focusing more on research and development of new technologies and offer oils that have value-added components. Manufacturers are also forming strategic alliances with similar companies to diversify their product range and increase their global reach.

Philippines PHO Oils Market: Players

  • Some of the major participants in the Philippines PHO oil market are
    • Bunge Limited
    • Cargill Inc.
    • Archer-Daniels-Midland Company
    • AAK AB
    • Ventura Foods
    • Apical Group Ltd
    • Wilmar International Ltd
    • Intercontinental special fats. Bhd
    • Oleo-Fats Inc.
    • IOI Corporation Berhad

Philippines PHO Oils Market Scope of the Report

MarkWide Market Research (MWR) has just released a market analysis of the PHO oil market. It thoroughly analyzes the fundamental market dynamics, including trends, drivers and opportunities, and restraints, and provides detailed information on the PHO oil market structure. The study details how the PHO oils market will expand in the 2021-2031 forecast timeframe.

The key indicators of market growth include a year-on-year (Y-o-Y) increase in the value chain and the value chain and supply chain analysis, and the compounded annual rate of growth (CAGR) are analyzed in the report thoroughly. This study is designed to aid readers in understanding the quantitative potential for growth of the PHO oil market over the forecast time.

The study is designed to provide a complete market overview for all stakeholders of this PHO oil market, including distributors, manufacturers, suppliers, cultivators, brands, and investors, and help develop effective growth strategies. The stakeholders within market participants in the PHO oils industry, such as the industry experts, investors, journalists, researchers, and business researchers, benefit from the data and data in MWR’s study.

The report also contains data and figures about macro and microeconomic aspects influencing the market’s growth. The study also provides actionable insight into the future trends of the PHO oil market. Additionally, small-scale businesses and new players in the PHO oil market could benefit from the data provided in this research study on which they can make the appropriate business decision to help them gain momentum in the market.

Key Questions Answered by the MWRs Philippines PHO Oils Market Report

  • Which region will be the most profitable for regional markets for PHO market players in the oil industry
  • What factors can cause an increase in the demand for PHO oils over the assessment period?
  • How will the shifting patterns impact the PHO oil market?
  • What can market players do to capitalize on the low-hanging opportunities in the PHO oil market in different regions?
  • Which companies are dominating the PHO oil market?
  • What are the strategies that work for the majority of all stakeholders within the PHO Oils market that will propel their place at the top of the list?

Philippines PHO Oils Market Research Methodology

In the study of MWR, the unique research method is employed to carry out an extensive analysis of the expansion of the PHO oil market and determine future growth indicators. This research method is a blend of secondary and primary research to assist analysts in verifying their findings’ accuracy and validity.

Other sources used by analysts when preparing the PHO oil market report include information from governmental agencies’ trade journals, trade publications, white papers, trade journals, and private and public databases. Analysts have consulted senior managers and product portfolio managers, CEOs, Marketing/product managers, VPs, and market intelligence executives involved in this report’s design as principal sources.

Information gathered from primary sources and secondary sources are collated in a thorough method. This is also confirmation from companies in the PHO oil market, making MWRs projections more precise and trustworthy.

PHO Oils Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Philippines PHO Oils Market Segmentation

MWR’s study of the PHO Oil market provides data divided into key types and country segments. This report contains comprehensive information as well as information on the crucial growth and market dynamics related to these segments.

Type
  • Palm Oil
  • Soy Oil
  • Groundnut Oil
  • Coconut Oil
  • Rapeseed Oil
  • Sunflower Oil
  • Cottonseed Oil

Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Table of Contents

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Philippines PHO Oils Market Demand Analysis 20162020 and Forecast, 20212031

4.1. Historical Market Volume (Tons) Analysis, 20162020

4.2. Current and Future Market Volume (Tons) Projections, 20212031

  1. Philippines PHO Oils Market – Pricing Analysis

5.1. Pricing Analysis

5.2. Average Pricing Analysis Benchmark

  1. Philippines PHO Oils Market Demand Analysis 20162020 and Forecast, 20212031

6.1. Historical Market Value (US$ Mn) Analysis, 20162020

6.2. Current and Future Market Value (US$ Mn) Projections, 20212031

6.2.1. Y-o-Y Growth Trend Analysis

6.2.2. Absolute $ opportunity Analysis

  1. Market Background

7.1. Macro-Economic Factors

7.1.1. Global GDP Growth Outlook

7.1.2. Global Industry Value Added

7.1.3. Global Urbanization Growth Outlook

7.1.4. Global Food Security Index Outlook

7.1.5. Global Rank Ease of Doing Business

7.1.6. Global Rank Trading Across Borders

7.2. Impact of COVID-19 on Food & Beverages Industry

7.2.1. Manufacturer/Processors

7.2.2. Supply Chain and Logistics

7.2.3. Wholesalers/Traders

7.2.4. Retailers

7.3. COVID-19 Risk Assessment/Impact

7.4. Global Food & Beverage Industry Outlook

7.5. End User Industry Demand Analysis

7.6. Products offered by Key Players

7.7. Industry Value and Supply Chain Analysis

7.7.1. Profit Margin Analysis at each point of sales

7.7.1.1. Philippines PHO Oils Market Processors

7.7.1.2. Distributors/Suppliers/Wholesalers

7.7.1.3. Traders/Retailers

7.7.1.4. End-Users

7.8. Key Certifications/Claims

7.9. Key Regulations

7.10. Market Dynamics

7.10.1. Drivers

7.10.2. Restraints

7.10.3. Opportunity Analysis

7.11. Forecast Factors – Relevance & Impact

  1. Philippines PHO Oils Market Analysis 20162020 and Forecast 20212031

8.1. Introduction

8.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 20162020

8.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 20212031

8.3.1. By Type

8.3.1.1. Palm Oil

8.3.1.2. Soy Oil

8.3.1.3. Groundnut Oil

8.3.1.4. Coconut Oil

8.3.1.5. Rapeseed Oil

8.3.1.6. Sunflower Oil

8.3.1.7. Cottonseed Oil

8.3.2. By Country

8.4. Market Attractiveness Analysis

8.4.1. By Country

8.4.2. By Type

8.5. Drivers and Restraints – Impact Analysis

  1. Philippines PHO Oils Market Analysis 20162020 and Forecast 20212031

9.1. Introduction

9.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 20162020

9.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 20212031

9.3.1. By Country

9.3.1.1. Philippines

9.4. Market Attractiveness Analysis

9.4.1. By Country

9.4.2. By Type

9.5. Drivers and Restraints – Impact Analysis

  1. Market Structure Analysis

10.1. Market Analysis by Tier of Companies

10.2. Market Concentration

10.3. Market Presence Analysis

  1. Competition Analysis

11.1. Competition Dashboard

11.2. Competition Deep Dive

11.2.1.Bunge Limited

11.2.1.1. Overview

11.2.1.2. Product Portfolio

11.2.1.3. Sales Footprint

11.2.1.4. Key Developments

11.2.1.5. Strategy Overview

11.2.2.Archer-Daniels-Midland Company

11.2.2.1. Overview

11.2.2.2. Product Portfolio

11.2.2.3. Sales Footprint

11.2.2.4. Key Developments

11.2.2.5. Strategy Overview

11.2.3.Cargill, Incorporated

11.2.3.1. Overview

11.2.3.2. Product Portfolio

11.2.3.3. Sales Footprint

11.2.3.4. Key Developments

11.2.3.5. Strategy Overview

11.2.4.AAK AB

11.2.4.1. Overview

11.2.4.2. Product Portfolio

11.2.4.3. Sales Footprint

11.2.4.4. Key Developments

11.2.4.5. Strategy Overview

11.2.5.Ventura Foods

11.2.5.1. Overview

11.2.5.2. Product Portfolio

11.2.5.3. Sales Footprint

11.2.5.4. Key Developments

11.2.5.5. Strategy Overview

11.2.6.Apical Group Ltd

11.2.6.1. Overview

11.2.6.2. Product Portfolio

11.2.6.3. Sales Footprint

11.2.6.4. Key Developments

11.2.6.5. Strategy Overview

11.2.7.Wilmar International Ltd

11.2.7.1. Overview

11.2.7.2. Product Portfolio

11.2.7.3. Sales Footprint

11.2.7.4. Key Developments

11.2.7.5. Strategy Overview

11.2.8.Intercontinental specialty fats sdn. Bhd

11.2.8.1. Overview

11.2.8.2. Product Portfolio

11.2.8.3. Sales Footprint

11.2.8.4. Key Developments

11.2.8.5. Strategy Overview

11.2.9.Oleo-Fats Inc.

11.2.9.1. Overview

11.2.9.2. Product Portfolio

11.2.9.3. Sales Footprint

11.2.9.4. Key Developments

11.2.9.5. Strategy Overview

11.2.10.IOI Corporation Berhad

11.2.10.1. Overview

11.2.10.2. Product Portfolio

11.2.10.3. Sales Footprint

11.2.10.4. Key Developments

11.2.10.5. Strategy Overview

11.2.11. Others on Additional Request

  1. Assumptions and Acronyms Used
  2. Research Methodology

List of Tables

Table 01: Philippines PHO Oils Market Value (US$ Mn) Analysis and Forecast by Type, 2016-2031

Table 02: Philippines PHO Oils Market Volume (Tons) Analysis and Forecast by Type, 2016-2031

Table 03: Philippines PHO Oils Market Value (US$ Mn) Analysis and Forecast by Country, 2016-2031

Table 04: Philippines PHO Oils Market Volume (Tons) Analysis and Forecast by Country, 2016-2031

List of Figures

Figure 01: Philippines PHO Oils Market Value (US$ Mn) Forecast, 20212031

Figure 02: Philippines PHO Oils Market Volume (Tons) Forecast, 20212031

Figure 03: Philippines PHO Oils Market Value (US$ Mn) Analysis & Forecast by Type, 20212031

Figure 04: Philippines PHO Oils Market Volume (Tons) Analysis & Forecast by Type, 20212031

Figure 05: Philippines PHO Oils Market Value (US$ Mn) Analysis & Forecast by Type, 20212031

Figure 06: Philippines PHO Oils Market Volume (Tons) Analysis & Forecast by Type, 20212031

Figure 07: Philippines PHO Oils Market Attractiveness Analysis by Type, 2021-2031

Figure 08: Philippines PHO Oils Market Value (US$ Mn) Analysis & Forecast by Country, 20212031

Figure 09: Philippines PHO Oils Market Volume (Tons) Analysis & Forecast by Country, 20212031

Segmentation

Type
  • Palm Oil
  • Soy Oil
  • Groundnut Oil
  • Coconut Oil
  • Rapeseed Oil
  • Sunflower Oil
  • Cottonseed Oil

Major Companies

  • Bunge Limited
  • Cargill Inc.
  • Archer-Daniels-Midland Company
  • AAK AB
  • Ventura Foods
  • Apical Group Ltd
  • Wilmar International Ltd
  • Intercontinental special fats. Bhd
  • Oleo-Fats Inc.
  • IOI Corporation Berhad

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