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.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 250.6 Bn |
| Revenue forecast in 2034 | USD 370.1 Bn |
| Growth rate CAGR | CAGR of 4.1% from 2025 to 2034 |
| Quantitative units | Representation of revenue in US$ Billion, Volume (Tons), and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Source, Technology, Application, And Generation. |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia |
| 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. |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
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-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.