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Future Bright—and Healthy—For U.S. Fats and Oils Products Market, reveals Packaged Facts
Research supporting how specific types of fat maintain health has caused many consumers to rethink the role that fats and oils play in their diets. Marketers are offering an increasing number of products targeting those seeking healthy options.
Thanks to recent studies indicating that certain fats (monounsaturated and polyunsaturated fats) can lower disease risk, “good” fats as a component of food have left the nutritional dog house. As a result, consumers who had embraced low-fat diets for years are returning to foods and beverages that feature the better-for-you fats, all in keeping with the larger healthier eating trend that is shaping the food industry.
“Increased consumer demand has prompted manufacturers to bring new foods and beverages to market touting healthy fats and oils content. And these products have sold well enough, even in tough times, that they’ve emerged as relatively recession-proof compared to other food categories. Some may point out that many fats and oils such as butter, margarine, and cooking oils are household staples that consumers will always buy, but make no mistake, this newfound health perspective is driving sales,” says David Sprinkle, publisher of Packaged Facts.
The outlook for the market is bright beyond 2011, especially as fats and oils marketers take advantage of fat’s newly won place as a desired dietary component. Packaged Facts estimates that U.S. retail sales of fats and oils exceeded $9 billion in 2011. Sales are projected to approach $11 billion by 2016, with annual growth rates edging up from 2% in 2012 to 4% by 2016.
Fats and Salad/Cooking Oils in the U.S.: Butter, Margarine, Olive Oil, and Beyond examines the U.S. market for fats and oils within the context of broader food industry trends in new product development and marketing. Major categories covered include butter, margarine, mayonnaise, cooking/salad oil, olive oil, cooking sprays, shortening, and popcorn oil. To accommodate the complexities of the U.S. market within shifting socioeconomic contexts, the report investigates not only the sales data, new product introductions, and marketing strategies, but also the lifestyle patterns determining trends in fats and oils.
For further information, please visit: http://www.packagedfacts.com/
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About Packaged Facts – Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer goods and retailing, foods and beverages, demographics, pet products and services, and financial products. Packaged Facts also offers a full range of custom research services. To learn more, visit: www.packagedfacts.com. Follow us on Facebook, LinkedIn and Twitter.
David Sprinkle, publisher