PHO Oils market Size, Scope, Growth, Competitive Analysis, Future Trends, Share Estimations, Emerging Technologies
Revenue generated from the PHO oils in Philippines is expected to reach US$ 45 Mn by 2031 from US$ 87 Mn in 2021 , at a CAGR of -6.3% during the forecast period. Based on type, the soy oil in Philippines is anticipated to reach US$ 23.3 Mn by 2031 from US$ 49 Mn in 2021 , at a CAGR of -7.5% during the forecast period. Increase in Awareness about Healthy Food Products and Healthy Lifestyle With rising awareness regarding healthy food products and healthy lifestyle, consumers are inclining toward healthy eating regimes. Due to growing health concerns associated with food ingredients and oil, the demand for alternatives are increasing. The PHO oil has a longer shelf life and other functional properties, which makes it popular among consumers. Besides functional properties of the PHO oil, it also contains a higher amount of unsaturated fatty acid, which increases th...