PHO and Non-PHO-Based Oil and Fat Market to Surge to $469.2 Billion by 2034, Fueled by Stringent Trans Fat Regulations [Yahoo! Finance]
Archer-Daniels-Midland Company (ADM)
Last archer-daniels-midland company earnings: 4/29 04:05 pm
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Source: Yahoo! Finance
ROCKVILLE, Md., June 27, 2024 (GLOBE NEWSWIRE) -- According to a recent research report published by Fact.MR, the global PHO And Non-PHO-Based Oil And Fat Market is expected to reach US$ 269.5 billion in 2024 and expand at 5.7% CAGR from 2024 to 2034. By the end of 2034, the market is forecasted to attain US$ 469.2 billion The top key factor driving this growth trajectory is the tightening regulations on trans fats. Governments and health organizations are laying down stricter regulations or outright banning partially hydrogenated oils (PHOs), which have long been used in the food industry but are currently being phased out due to their detrimental effects on health, especially cardiovascular health. Food makers are forced to find substitute fats and oils that do not contain trans fats. This regulatory push has created a sizable market need for oils and fats that are not made from PHO. Food producers are increasingly looking for healthier alternatives to PHOs that possess all of
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ADM
Earnings
- 4/30/24 - Beat
ADM
Sec Filings
- 6/27/24 - Form 11-K
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- ADM's page on the SEC website