WELLESLEY, Mass.—The U.S. production of fats and oils totaled 12.9 million metric tons for 2011 and is projected to increase at a compound annual growth rate (CAGR) of 0.6% between 2011 and 2016, reaching 13.3 million metric tons in 2016, according to a new report from BCC Research.
According to the “Oils and Fats: Applications in Foods and Other Markets" report, major vegetable oils produced in the United States are projected to increase slightly from 9.8 million metric tons in 2011 to nearly 10 million metric tons in 2016, a CAGR of 0.3%. Animal fats produced in the United States are expected to increase at a CAGR of 1.4% over the next five years, a total of 3.1 million metric tons in 2011 to nearly 3.4 million metric tons in 2016.
The report examines recent developments in the U.S. and global markets for commercial-grade animal fats and major vegetable oils, and includes a detailed analysis of each type of fat and oil, its production, apparent consumption in foods and industrial products, and related international aspects. The report also examines technological issues relating to the manufacture of the products, and recent patents awarded for innovations in the industry, as well as profiles of major U.S. producers of fats and oils.
