Global Edible Oils Market Size is valued at 250.6 billion in 2024 and is predicted to reach 370.1 billion by the year 2034 at a 4.1% CAGR during the forecast period for 2025-2034.
Cooking oil is a synthetic fat that is used in frying, baking, cooking, and seasoning. These oils are made up of different fatty acid fractions. Palm, canola, sunflower, soybean, avocado, and other oils provide numerous health benefits and are frequently used in food applications. The demand for organic and unsaturated healthier products drives the industry. The drivers driving market expansion are the increasing use of avocado oil owing to its nutritional health benefits and the increased demand for canola oil in snacks due to its affordability and versatility. Additionally, the growing preference for environmentally sustainable packaging is likely to generate prospects for this market.
However, the pandemic caused supply chain disruptions, prompting delays in commodities transportation and the closure of manufacturing sites. As a result, market price swings have occurred, with specific products enjoying an increase in demand and others experiencing a fall. The epidemic also caused a change in consumer behaviour, with more individuals working and cooking at home, increasing demand for packaged and convenience foods.
The edible oils market is segregated on the basis of product type, packaging type, and end-use. Based on product type, the market is segregated as palm oil, soybean oil, sunflower oil, sunflower oil, rapeseed oil, olive oil, and others. By packaging type, the market is segmented into pouches, jars, cans, bottles, and others. The end-user segment includes domestic, industrial, and food services.
The palm oil category is expected to hold a significant share of the global Edible Oils Market in 2021. Due to its high smoke point, it can be used in various cooking methods, such as baking, frying, and roasting. It is a highly refined oil that is strong in omega-3 lipids. Its emulsifying ability, low-calorie count, little saturated fat, and lack of trans fat make it a popular household and restaurant choice. Soy-oil production is increasing in tandem with increased demand and soy crop yields. According to the Soybean Processors Association of India (SOPA), around 62 million tons of soybean oil were produced worldwide between 2018 and 2019, making it one of the most commonly used products.
The food service segment is projected to grow at a rapid rate in the global edible oils market. Substantial developments in the retail network, rising crop yields, oil production, and expanding economies are some of the key drivers driving the global edible oil market.
The Asia Pacific edible oils market is expected to register the highest market share in terms of revenue in the near future. The region's rapid expansion is being driven mainly by urbanization, dietary changes, an increase in the predominance of processed goods, and higher living standards. Consumer demand for foods that are tasty
and offer health and nutritional benefits is predicted to be a momentous driver of market expansion. Rising urbanization in China, India, and Indonesia has resulted in a shift in customer preference for processed foods. According to United Nations projections for 2020, Asia and Africa will account for 90% of the projected urban population increase, dictating regional eating habits. The region's rapidly developing distribution network is projected to contribute significantly to sales. Europe is the second largest market and has risen fast in recent years, owing to increased health consciousness among consumers and their demand for organic and label-stated cooking oils.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 250.6 Bn |
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Revenue forecast in 2034 |
USD 370.1 Bn |
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Growth rate CAGR |
CAGR of 4.1% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, Volume (Tons), and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Source, Technology, Application, And Generation. |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia |
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Competitive Landscape |
Archer Daniels Midland Company (ADM), Borges International Group, S.L.U, Cargill Incorporated, Bunge Limited, Associated British Foods Plc, Wilmar International Limited, Louis Dreyfus Company, Aceitera General Deheza S.A., American Vegetable Oils, Inc., United Plantations Berhad, Golden Agri-Resources Ltd., Adani Wilmar Limited, The Nisshin Oillio Group, Ltd., Richardson Internation Limited, Hebany, Graincorp, Vicentin S.A.I.C, Sunora Foods, Aveno Nv, Basso Fedele & Figli Srl, And Ajanta Soya Limited. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Edible Oils Market Snapshot
Chapter 4. Global Edible Oils Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Palm Oil
5.2.2. Soybean Oil
5.2.3. Sunflower Oil
5.2.4. Sunflower Oil
5.2.5. Rapeseed Oil
5.2.6. Olive Oil
5.2.7. Others
Chapter 6. Market Segmentation 2: by Packaging Type Estimates & Trend Analysis
6.1. by Packaging Type & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Packaging Type:
6.2.1. Pouches
6.2.2. Jars
6.2.3. Cans
6.2.4. Bottles
6.2.5. Others
Chapter 7. Market Segmentation 3: by End-use Estimates & Trend Analysis
7.1. by End-use & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-use:
7.2.1. Domestic
7.2.2. Industrial
7.2.3. Food Service
Chapter 8. Edible Oils Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2021-2034
8.1.2. North America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2021-2034
8.1.3. North America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-use, 2021-2034
8.1.4. North America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2021-2034
8.2.2. Europe Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2021-2034
8.2.3. Europe Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-use, 2021-2034
8.2.4. Europe Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2021-2034
8.3.2. Asia Pacific Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2021-2034
8.3.3. Asia-Pacific Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-use, 2021-2034
8.3.4. Asia Pacific Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2021-2034
8.4.2. Latin America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2021-2034
8.4.3. Latin America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-use, 2021-2034
8.4.4. Latin America Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2021-2034
8.5.2. Middle East & Africa Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2021-2034
8.5.3. Middle East & Africa Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-use, 2021-2034
8.5.4. Middle East & Africa Edible Oils Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Archer Daniels Midland Company (ADM)
9.2.2. Borges International Group, S.L.U
9.2.3. Cargill Incorporated
9.2.4. Bunge Limited
9.2.5. Associated British Foods Plc
9.2.6. Wilmar International Limited
9.2.7. Louis Dreyfus Company
9.2.8. Aceitera General Deheza S.A.
9.2.9. American Vegetable Oils, Inc.
9.2.10. United Plantations Berhad
9.2.11. Golden Agri-Resources Ltd.
9.2.12. Adani Wilmar Limited
9.2.13. The Nisshin Oillio Group, Ltd.
9.2.14. Richardson Internation Limited
9.2.15. Hebany
9.2.16. Graincorp
9.2.17. Vicentin S.A.I.C
9.2.18. Sunora Foods
9.2.19. Aveno Nv
9.2.20. Basso Fedele & Figli Srl
9.2.21. Ajanta Soya Limited.
9.2.22. Other Prominent Players
Edible Oils Market By Product Type-
Edible Oils Market By Packaging Type-
Edible Oils Market By End-use-
Edible Oils Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
