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Japan Vegetable Oil Market Research Report 2023

Japan Vegetable Oil Market Size by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, Others), Nature, (Organic, Conventional), Packaging Type (Cans, Bottles, Pouches, Others), Application (Food Industry, Pharmaceutical, Cosmetics & Personal, Animal Feed, And Industrial), Distribution Channels (Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Wholesale Distributors, Specialty Stores) And Country Market Analysis And Forecast, 2023-2030

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Report ID: 162

Categories: Food and Beverages

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Summary TOC Segmentation Methodology

Japan Vegetable Oil Market Synopsis

Japan Vegetable Oil is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

Vegetable oil is a type of plant-derived oil extracted from various oil-rich plant sources, serving as a fundamental component of our modern diet and a versatile ingredient across various industries. It is a key player in the culinary world, extensively used in cooking, food preparation, and baking due to its high smoke point and neutral flavor. Vegetable oils are derived from seeds, nuts, and fruits of plants like soybeans, sunflowers, palm fruit, canola, coconuts, and olives, among others.

  • The extraction process involves pressing or solvent extraction, followed by refining to produce a clear, neutral-flavored oil suitable for consumption. Nutritionally, vegetable oil is a vital source of dietary fats, providing essential fatty acids like omega-3 and omega-6 that our bodies cannot produce on their own. These fatty acids play crucial roles in cell membrane formation, hormone production, and various bodily functions. Additionally, vegetable oil is rich in vitamin E, an antioxidant that helps protect cells from oxidative damage, contributing to overall health and well-being.
  • Beyond its nutritional significance, vegetable oil finds application in various industries, including manufacturing soaps, cosmetics, lubricants, biodiesel, and other industrial products. Its versatile and widespread usage in both the culinary and industrial sectors cements vegetable oil's place as a vital and multi-faceted component of our daily lives.

Top Key Players: 

"Cargill Ltd. (US), Bunge Ltd. (US), Louis Dreyfus Company Japan K.K. (Japan), Wilmar International (Singapore), Marubeni Corporation (Japan), ITOCHU Corporation (Japan), Mitsubishi Corporation (Japan), Mitsui & Co., Ltd. (Japan), Sumitomo Corporation (Japan), ADM Japan Ltd. (Japan), J-OIL MILLS, INC. (Japan), Fuji Oil Co., Ltd. (Japan), Nisshin Oillio Group, Ltd. (Japan), Showa Sangyo Co., Ltd. (Japan), Ito-Yokado Co., Ltd. (Japan) and Other Major Players."

According to a survey conducted in June 2021, olive oil emerged as the top choice for cooking among edible oils in Japan. Approximately 81 percent of the respondents preferred olive oil, while sesame oil closely followed with over 78 percent of participants naming it as their oil of choice.

Japan Vegetable Oil Market Trend Analysis

Growing Health Awareness Among Japanese Consumers

  • The growing health awareness among Japanese consumers is a significant driver of the Japan Vegetable Oil Market. In recent years, an increasing emphasis has been on maintaining a healthier lifestyle and making conscious dietary choices to promote well-being. As a result, consumers are seeking healthier cooking oil options, and vegetable oils, rich in unsaturated fats and essential fatty acids, have gained popularity as a healthier alternative to traditional oils.
  • Japanese consumers are becoming more conscious of the impact of their dietary choices on their health, particularly concerning heart health and cholesterol levels. Vegetable oils, such as soybean oil, sunflower oil, and olive oil, are known for their favorable fatty acid profiles, making them a preferred choice among health-conscious individuals.
  • Moreover, growing health awareness is also influencing the food industry, with a rise in demand for healthier food products. Food manufacturers are incorporating vegetable oils in a wide range of processed foods, snacks, and baked goods to cater to the health-conscious consumer segment.

Shift Toward Plant-Based Diets

  • The growing shift toward plant-based diets in Japan presents a significant opportunity in the Japan Vegetable Oil Market. As consumers become increasingly health-conscious and environmentally aware, there is a rising interest in adopting plant-based eating patterns. Plant-based diets emphasize the consumption of fruits, vegetables, whole grains, and legumes while minimizing or eliminating animal-based products.
  • Vegetable oils are an essential component of plant-based cooking and food preparation, making them a vital part of the dietary shift. Oils like soybean oil, sunflower oil, and canola oil are widely used in plant-based recipes, providing essential fats and enhancing the flavors of plant-based dishes.
  • This dietary trend also opens avenues for product innovation in the Japan Vegetable Oil Market. Manufacturers can develop and market specialty vegetable oils that cater specifically to plant-based diets, such as organic, non-GMO, or cold-pressed oils. By aligning with consumer preferences for healthier and sustainable options, vegetable oil producers can tap into this growing market segment and expand their product offerings.

Japan Vegetable Oil Market Segment Analysis

Japan's Vegetable Oil market is segmented into Type, Nature, Packaging Type, Application, and Distribution Channel. By Type, the Rapeseed Oil segment is Anticipated to Dominate the Market Over the Forecast Period.

  • Rapeseed oil has established a dominant position in the Japan vegetable oil market for several reasons. Firstly, its mild flavor and versatile nature make it a preferred choice for various culinary applications, ranging from frying to baking. The oil's high smoke point ensures that it can withstand higher cooking temperatures, making it ideal for Japanese cuisine, which often involves stir-frying and deep-frying.
  • Secondly, rapeseed oil's nutritional profile appeals to health-conscious consumers. It is low in saturated fat and rich in omega-3 fatty acids, contributing to its popularity as a healthier alternative to other cooking oils. The increasing awareness of the health benefits associated with rapeseed oil has driven its consumption in the market.
  • Lastly, Japan's agricultural landscape contributes to rapeseed oil's dominance. The country has significant rapeseed cultivation, ensuring a steady and reliable supply of domestically produced oil. This localized production fosters a sense of trust and preference among consumers, further bolstering the rapeseed oil segment in the Japanese vegetable oil market.

The Japan Vegetable Oil Market Country Analysis

  • The Japan Vegetable Oil Market is a vital sector within the country's food and agricultural industries. Japan heavily relies on imports to meet its vegetable oil demand due to limited domestic production capacity. The market offers a diverse range of vegetable oils, with soybean oil, canola oil, sunflower oil, and palm oil being some of the most commonly consumed varieties.
  • The market's growth is influenced by several factors, including evolving dietary preferences, health consciousness, and increasing interest in plant-based diets. As consumers become more health-conscious, there is a rising demand for healthier cooking oils with favorable fatty acid profiles. Additionally, the growing awareness of environmental sustainability is driving interest in plant-based diets, creating opportunities for vegetable oil manufacturers to cater to this trend.
  • However, the Japan Vegetable Oil Market also faces challenges, such as price volatility in the global market and intense competition from both domestic and international suppliers. The industry's dependence on imports makes it vulnerable to fluctuations in international trade dynamics and currency exchange rates.

COVID-19 Impact Analysis on Japan's Vegetable Oil Market

  • The Covid-19 pandemic has had a notable impact on the Japan Vegetable Oil Market. During the initial stages of the pandemic, panic buying and stockpiling of essential goods, including vegetable oil, led to a surge in demand, causing temporary supply shortages and price fluctuations. However, as the situation stabilized and lockdown measures were imposed, the food service industry, a major consumer of vegetable oils, experienced a significant downturn due to restaurant closures and reduced dining-out activities.
  • On the production side, disruptions in logistics and transportation networks affected the import of vegetable oils, impacting the availability and distribution of certain varieties. Additionally, labor shortages and operational restrictions in processing facilities posed challenges to production capacities.
  • Despite the challenges, the pandemic also brought about opportunities for the Japan Vegetable Oil Market. With more people cooking at home, the demand for vegetable oils for domestic use increased, partially offsetting the decline in the food service sector.

Top Key Players Covered in The Japan Vegetable Oil Market

  • Cargill Ltd. (US)
  • Bunge Ltd. (US)
  • Louis Dreyfus Company Japan K.K. (Japan)
  • Wilmar International (Singapore)
  • Marubeni Corporation (Japan)
  • ITOCHU Corporation (Japan)
  • Mitsubishi Corporation (Japan)
  • Mitsui & Co., Ltd. (Japan)
  • Sumitomo Corporation (Japan)
  • ADM Japan Ltd. (Japan)
  • J-OIL MILLS, INC. (Japan)
  • Fuji Oil Co., Ltd. (Japan)
  • Nisshin Oillio Group, Ltd. (Japan)
  • Showa Sangyo Co., Ltd. (Japan)
  • Ito-Yokado Co., Ltd. (Japan) and Other Major Players.

Key Industry Developments in the Japan Vegetable Oil Market

In May 2022, Cargill announced its plan to invest $35 million in the purchase and modernization of an edible oil refinery situated in Nellore, Andhra Pradesh. The refinery was projected to be operational later that year, leading to a substantial increase in the production of edible oil in the southern region of India. The main objective of this expansion was to cater to the growing demand from customers in Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu states.

In April 2023, Bunge, a renowned global agribusiness and food industry player, finalized a definitive asset purchase agreement with Fuji Oil. The agreement entailed the acquisition of a state-of-the-art, recently constructed port-based refinery situated in Avondale Terminal, Louisiana. This facility, a part of the Bunge Loders Croklaan joint venture in collaboration with IOI Corporation Berhad, is equipped with advanced multi-oil refining capabilities, presenting Bunge with an opportunity to extend its customer base. The completion of the transaction is contingent on meeting standard closing conditions.

Japan Vegetable Oil Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2016 to 2021

Market Size in 2022:

USD XXX Bn.

Forecast Period 2023-30 CAGR:

XXX%

Market Size in 2030:

USD XXX Bn.

Segments Covered:

By Type

  • Palm Oil
  • Soybean Oil
  • Rapeseed Oil
  • Sunflower Oil
  • Olive Oil
  • Others

By Nature

  • Organic
  • Conventional

By Packaging Type

  • Cans
  • Bottles
  • Pouches
  • Others

By Application

  • Food Industry
  • Pharmaceutical
  • Cosmetics & Personal
  • Animal Feed
  • Industrial

By Distribution Channels

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail
  • Wholesale Distributors
  • Specialty Stores

Frequently Asked Questions

What would be the forecast period in the Japan Vegetable Oil Market research report?

The forecast period in the Japan Vegetable Oil Market research report is 2023-2030.

Who are the key players in the Japan Vegetable Oil Market?

Cargill Ltd. (US), Bunge Ltd. (US), Louis Dreyfus Company Japan K.K. (Japan), Wilmar International (Singapore), Marubeni Corporation (Japan), ITOCHU Corporation (Japan), Mitsubishi Corporation (Japan), Mitsui & Co., Ltd. (Japan), Sumitomo Corporation (Japan), ADM Japan Ltd. (Japan), J-OIL MILLS, INC. (Japan), Fuji Oil Co., Ltd. (Japan), Nisshin Oillio Group, Ltd. (Japan), Showa Sangyo Co., Ltd. (Japan), Ito-Yokado Co., Ltd. (Japan) and Other Major Players.

What are the segments of the Japan Vegetable Oil Market?

The Japan Vegetable Oil Market is segmented into Type, Nature, Packaging Type, Application, Distribution Channels, and region. By Type, the market is categorized into Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, And Others. By Nature, the market is categorized into Organic and conventional. By Packaging Type, the market is categorized into Cans, Bottles, Pouches, and Others By Application, The market is categorized into the Food Industry, Pharmaceutical, Cosmetics and personal, Animal Feed, And Industrial. By Distribution Channels, the market is categorized into Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Wholesale Distributors, and Specialty Stores.

What is the Japan Vegetable Oil Market?

Vegetable oil is a type of plant-derived oil extracted from various oil-rich plant sources, serving as a fundamental component of our modern diet and a versatile ingredient across various industries. It is a key player in the culinary world, extensively used in cooking, food preparation, and baking due to its high smoke point and neutral flavor. Vegetable oils are derived from seeds, nuts, and fruits of plants like soybeans, sunflowers, palm fruit, canola, coconuts, and olives, among others.

How big is the Japan Vegetable Oil Market?

Japan Vegetable Oil Market is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

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