Animal Fats And Oils Market size is growing with a CAGR of 7.9% in the prediction period & it crosses USD 553.68 Bn by 2032 from USD 325.17 Bn in 2025.

The global fats and oils market size reached USD 241.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 336.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.38% during 2025-2033. The market demand is expanding rapidly, driven by the increasing health awareness, rising demand for processed and convenience foods, the growth of the cosmetic and personal care industry, heightened product applications in industrial and biofuel sectors, and the escalating population growth and urbanization.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, application, source, and sales channel.

The Fats and Oils Market Report is Segmented by Type (Fats and Oils), Application (Food, Industrial, and Animal Feed), Source (Plant-Based and Animal-Based), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Fats and Oils Market size was valued at USD 271.5 Billion in 2024 and is projected to reach USD 367.64 Billion by 2031, growing at a CAGR of 4.26% from 2024 to 2031.Global Fats And Oils Market DriversIncreasing Population and Urbanization: As the world's population grows, so does the demand for food goods such as fats and oils. Dietary patterns shift as a result of urbanization, with an increasing predilection for processed and convenient meals high in fat and oils.Rising Disposable Income: Higher disposable income, especially in emerging nations, leads to increased consumption of a wide range of food goods, including those high in fats and oils. Customers with higher incomes are more inclined to buy premium and specialized oils.Changing Dietary Preferences: There is an increasing trend towards healthy eating habits and the intake of healthier fats and oils, such as olive oil, avocado oil, and other plant-based oils. This trend is motivated by improved health knowledge and a desire to avoid lifestyle-related disorders.Expansion of Food and Beverage Industry: The food and beverage business are a large consumer of fats and oils. This sector's development, which includes fast food chains, bakeries, confectioneries, and ready-to-eat meals, stimulates demand for various types of fats and oils.

Access Market Research Intellect's Animal Fats And Oils Market Report for insights on a market worth USD 40.5 billion in 2024, expanding to USD 55.2 billion by 2033, driven by a CAGR of 4.5%.Learn about growth opportunities, disruptive technologies, and leading market participants.

The Europe Fats and Oil Market Report is Segmented by Product Type (Fats and Oils), Application (Food, Industrial, and Animal Feed), Source (Plant-Based and Animal-Based), and Geography (United Kingdom, Germany, France, Italy, Spain, and More). The Market Forecasts are Provided in Terms of Value (USD).

The report on Animal Fats and Oils covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

Discover the increasing demand for animal fats and oils in the Middle East and how the market is projected to grow over the next decade. Learn about the forecasted market performance and the expected trends in volume and value terms by the end of 2035.

Animal Fats and Oils Market size was valued at USD 15.21 Billion in 2024 and is expected to reach USD 22.17 Billion by 2032, growing at a CAGR of 4.8% from 2026 to 2032. The Animal Fats and Oils market is primarily driven by rising demand from the food industry for processed meats, bakery products, and confectionery, where these fats serve as key ingredients. Additionally, growing use in biodiesel production due to their cost-effectiveness and availability is boosting market growth.Increased consumption of animal-based products in emerging economies, coupled with expanding applications in personal care and pharmaceuticals, further fuels demand. Technological advancements in fat extraction and refining also support market expansion.

The global fats and oils market is a substantial and dynamic sector, exhibiting considerable growth potential over the forecast period of 2025-2033. While precise market size figures are unavailable, industry reports suggest a market value in the tens of billions of dollars in 2025, reflecting the widespread use of fats and oils in food processing, biofuel production, and various industrial applications. A conservative estimate, considering typical market growth in this sector, would place the 2025 market size at approximately $75 billion. Growth is driven by several factors including rising global population and increasing demand for processed foods, particularly in developing economies. Furthermore, the expanding biofuel industry and the increasing use of fats and oils in cosmetics and personal care products are significant contributing factors. However, the market faces challenges such as fluctuating commodity prices, concerns over the health implications of saturated fats, and the growing popularity of plant-based alternatives. These restraining factors are expected to influence the overall growth trajectory, though not necessarily impede its progress significantly. Key players like Associated British Foods, Archer Daniels Midland, and Cargill actively shape market dynamics through innovation, supply chain management, and strategic partnerships. Market segmentation, though unspecified, is likely divided based on product type (e.g., vegetable oils, animal fats), application (e.g., food, biofuels, industrial), and geographic region. Regional variations in consumer preferences, regulatory frameworks, and agricultural production patterns will influence market share distribution. Looking ahead, the market will witness an acceleration of sustainable and ethically sourced practices. This includes increased demand for organic and non-GMO products, which presents both challenges and opportunities for producers. Technological advancements in processing and refining techniques will also improve efficiency and create higher-value products. The market's future success will hinge on the ability of key players to adapt to evolving consumer needs, regulatory landscapes, and emerging technologies.

Learn about the increasing demand for animal fats and oils in Asia-Pacific and how the market is expected to grow over the next decade, with a forecasted volume of 1.3M tons and value of $9.4B by 2035.

In 2024, after seven years of growth, there was decline in the Latin American animal fats market, when its value decreased by -0.2% to $1.2B. The total consumption indicated a pronounced expansion from 2012 to 2024: its value increased at an average annual rate of +4.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +57.7% against 2016 indices.

Asia Pacific Fats And Oils Market size was valued at USD 150.5 Billion in 2024 and is projected to reach USD 268.5 Billion by 2032, growing at a CAGR of 7.5% from 2026 to 2032.

Key Market Drivers:

Growing Food Processing Industry: The increasing growth of the food processing sector in APAC is pushing up demand for fats and oils. The Food and Agriculture Organization (FAO) estimates that the Asian food processing industry will grow by 11.5% in 2022, reaching USD 1.2 trillion. According to India's Ministry of Food Processing Industries, the food processing sector is growing at an annual rate of 8.6%, with edible oil consumption increasing by 54% between 2018 and 2023, reaching 22.1 million tonnes in the processed food segment alone.

Rising Population and Altering Dietary Patterns: Population expansion, combined with changing dietary habits, is increasing fat and oil consumption.

Discover the booming animal fats and oils market! Explore key trends, drivers, and restraints shaping this $15 billion USD industry, with a projected CAGR of 4% through 2033. Learn about leading companies and regional market shares in our comprehensive analysis.

Discover the booming animal fats and oils market! Explore its $15 billion valuation, 4% CAGR, key drivers, and leading companies. This comprehensive analysis forecasts growth to 2033, covering market segmentation, regional trends, and challenges.

The North America Fats and Oils Market is Segmented by Product Type (Fats and Oils), Application (Food, Industrial, and Animal Feed), Source (Plant-Based and Animal-Based), and Country (United States, Canada, Mexico, and Rest of North America). The Market Forecasts are Provided in Terms of Value (USD).

The Animal and Marine Fats and Oils report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

Marine Animals Fats and Oils Market Size Volume in Spain, 2021 Discover more data with ReportLinker!

The global animal and marine fats and oils market is booming, projected to reach $22 billion by 2033, driven by food, biofuel, and cosmetic demand. Discover key trends, restraints, and leading companies shaping this rapidly expanding sector.

Discover the latest insights on the animal fats and oils market in the Middle East, as demand continues to rise. Market performance is projected to grow at a moderate pace, reaching 262K tons in volume and $419M in value by 2035.