The Chile vegetable oil market size is estimated to grow at a CAGR of 5.40% in the forecast period of 2025-2034. The market is being driven by the growing awareness regarding the benefits of vegetable oils and the rising popularity of processed foods.

In 2023, imports of vegetable fats and oils into Chile skyrocketed to 22K tons, with an increase of 16% against the year before.

In 2024, the Chilean vegetable oils market decreased by -13.8% to $52M, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a slight setback. Over the period under review, the market reached the peak level at $79M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The South American fat and oil market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.59% from 2025 to 2033. This expansion is driven by several key factors. The rising demand for processed foods, particularly confectionery and bakery products, across Brazil, Argentina, and Chile fuels significant consumption of fats and oils. Furthermore, the burgeoning animal feed industry in the region contributes substantially to the market's growth, with soybean oil and other vegetable oils being crucial components of animal feed formulations. Growth in the food service sector and increasing disposable incomes, especially in urban areas, also contribute to elevated demand. However, fluctuations in raw material prices, particularly palm oil, pose a significant challenge, impacting profitability and potentially slowing down growth in certain periods. The market is segmented by type (fats like butter, tallow, lard, and specialty fats such as cocoa butter equivalents; oils including soybean, palm, coconut, and olive oil) and application (food, industrial uses, and animal feed). Competition is fierce, with major players like AAK, Cargill, Bunge, and Wilmar International vying for market share. Brazil, owing to its larger population and economy, holds the largest share of the market within South America, followed by Argentina and Chile. Future growth will likely be influenced by government regulations concerning sustainable sourcing and the adoption of healthier alternatives like specialty fats and oils in food manufacturing. The market's segmentation reveals important nuances. The fats segment, particularly specialty fats used in premium food products, is likely to witness faster growth due to increasing consumer preference for high-quality food items. The oils segment, dominated by soybean and palm oil, will continue to be substantial, driven by their affordability and wide application across various sectors. Regional variations in consumption patterns are expected, with Brazil's large and diverse food industry likely to continue driving demand. The market’s success hinges on effectively managing supply chain disruptions, embracing sustainable practices, and adapting to evolving consumer preferences for healthier and more ethically sourced products. Innovation in product formulations, particularly in specialty fats and oils catering to specific health and dietary needs, presents a significant opportunity for market expansion. Recent developments include: In October 2021, Cargill declared the introduction of poultry feed with essential oils for healthy flocks and augmented egg production. Enhanced Nutrena® NatureWise® formulas increase the wellness, happiness, and productivity of backyard chickens. Backyard poultry owners require organic, wholesome feeds that assist in their birds' flourishing and maintain their eggs healthily and their coops naturally., In 2020, Cargill Brazil launched Lévia+c, 'a new fat' that can reduce the saturated fat content in ice cream, cream, and dairy drinks by up to 30%. The fat is a blend of vegetable oils, primarily soybean oils and emulsifiers, used to achieve firmness, slower melting, texture, and creaminess. The technology used to develop it is patent-pending., In 2019, ADM acquired Brazilian oilseed facilities from Algar Agro. ADM will also gain access to an extensive network of origination and storage silos throughout northeastern and southeastern Brazil.. Notable trends are: Palm Oil is Likely to Foster the Growth of the Market in the Region.

Chile IPI: Mfg: Processing & Preservation: Meat, Fish, Fruit, Vegetables, Oils & Fats data was reported at 199.240 2000=100 in Mar 2009. This records an increase from the previous number of 173.400 2000=100 for Feb 2009. Chile IPI: Mfg: Processing & Preservation: Meat, Fish, Fruit, Vegetables, Oils & Fats data is updated monthly, averaging 106.860 2000=100 from Jan 1990 (Median) to Mar 2009, with 231 observations. The data reached an all-time high of 208.560 2000=100 in Mar 2008 and a record low of 43.060 2000=100 in Sep 1990. Chile IPI: Mfg: Processing & Preservation: Meat, Fish, Fruit, Vegetables, Oils & Fats data remains active status in CEIC and is reported by Federation of Chilean Industry. The data is categorized under Global Database’s Chile – Table CL.B012: Industrial Production Index: 2000=100: Federation of Chilean Industry.

Calabrian Chili Oil Market Outlook

According to our latest research, the Calabrian Chili Oil market size reached a valuation of USD 168.7 million globally in 2024, with a robust year-on-year growth trajectory. The market is projected to expand at a CAGR of 6.2% from 2025 to 2033, reaching an estimated value of USD 288.7 million by the end of the forecast period. This strong growth is primarily driven by the rising global demand for authentic, premium, and gourmet flavoring agents in both household and commercial food applications.

One of the primary growth factors for the Calabrian Chili Oil market is the increasing consumer preference for unique and bold flavors in culinary experiences. As consumers across the globe become more adventurous with their food choices, products like Calabrian Chili Oil, known for its distinctive spicy and smoky profile, are gaining significant traction. The growing influence of Mediterranean and Italian cuisines in global gastronomy has further propelled the demand for specialty oils, with Calabrian Chili Oil standing out as a versatile ingredient. This trend is particularly evident in urban centers where gourmet cooking and home dining experiences are on the rise, fostering a vibrant market for artisanal and premium condiment products.

Another key driver is the expansion of the food service industry, which has increasingly adopted Calabrian Chili Oil as a staple ingredient in restaurants, cafes, and fast-casual dining establishments. Chefs and culinary professionals are leveraging the oil's rich flavor profile to enhance dishes ranging from pizzas and pastas to grilled meats and salads. This adoption is further supported by the growing trend of fusion cuisine, where traditional flavors are blended with global culinary innovations, creating new opportunities for Calabrian Chili Oil manufacturers. The food service sectorÂ’s demand has also been bolstered by the rising popularity of meal kits and ready-to-eat gourmet products, where premium oils are used to elevate the overall taste experience.

Health and wellness trends are also contributing to the market's expansion. Calabrian Chili Oil, especially when infused with high-quality olive oil, is perceived as a healthier alternative to conventional cooking oils due to its potential antioxidant and anti-inflammatory properties. As consumers become more health-conscious, there is a marked shift towards natural, clean-label products free from artificial additives and preservatives. This has prompted manufacturers to focus on organic and non-GMO variants, catering to the evolving preferences of a health-aware consumer base. The emphasis on transparency and traceability in the food supply chain is further reinforcing consumer trust and driving market growth.

Regionally, Europe continues to dominate the Calabrian Chili Oil market, owing to its deep-rooted culinary traditions and high per capita consumption of specialty oils. North America is emerging as a significant growth market, propelled by the rising popularity of Mediterranean cuisine and an expanding gourmet food sector. Meanwhile, the Asia Pacific region is witnessing accelerating growth, fueled by increasing urbanization, a burgeoning middle class, and a growing appetite for international flavors. Latin America and the Middle East & Africa are also showing promising growth trajectories, supported by expanding retail networks and the rising influence of global food trends. These regional dynamics are expected to shape the competitive landscape and innovation strategies within the Calabrian Chili Oil market over the forecast period.

The introduction of Smoked Olive Oil into the market has added a new dimension to the culinary world, offering a unique blend of rich, smoky flavors that complement the spicy notes of Calabrian Chili Oil. This innovative product is gaining popularity among chefs and home cooks alike, who are eager to experiment with its versatile applications in both traditional and contemporary dishes. Smoked Olive Oil pairs exceptionally well with grilled meats, roasted vegetables, and even as a finishing touch on salads, enhancing the overall taste profile with its distinctive aroma. The growing interest in smoked flavors reflects a broader trend towards bold and adventurous culinary experiences, making Smoked Olive Oil a sought-after ing

Chile IS: Mfg: Vegetable & Animal Oils & Fats data was reported at 46.640 2000=100 in Mar 2009. This records an increase from the previous number of 34.940 2000=100 for Feb 2009. Chile IS: Mfg: Vegetable & Animal Oils & Fats data is updated monthly, averaging 93.110 2000=100 from Jan 1990 (Median) to Mar 2009, with 231 observations. The data reached an all-time high of 170.400 2000=100 in Jul 1994 and a record low of 34.940 2000=100 in Feb 2009. Chile IS: Mfg: Vegetable & Animal Oils & Fats data remains active status in CEIC and is reported by Federation of Chilean Industry. The data is categorized under Global Database’s Chile – Table CL.C004: Industrial Sales Index: 2000=100: Federation of Chilean Industry.

The global food seasoning oil market exhibits robust growth, driven by evolving consumer preferences towards convenient and flavorful cooking options. The market's expansion is fueled by increasing demand for ready-to-use seasonings, particularly in regions with busy lifestyles and a preference for quick meal preparation. The rising popularity of ethnic cuisines and global food fusion further contributes to this growth, as consumers explore diverse flavor profiles. Innovation in oil extraction and processing technologies, along with the development of healthier and more sustainable options, are also key drivers. The market is segmented by type (e.g., sesame oil, chili oil, etc.), application (e.g., stir-fries, marinades, etc.), and distribution channel (e.g., retail, food service, etc.). Leading players are focusing on product diversification, brand building, and strategic partnerships to capture market share. While the market shows significant promise, challenges such as fluctuating raw material prices and evolving consumer health consciousness require careful navigation. The forecast period, 2025-2033, anticipates continued growth, particularly in emerging markets, as increasing disposable incomes and rising urbanization drive demand for convenient food solutions. Despite the lack of specific numerical data, a logical estimation of the market size can be made. Assuming a conservative CAGR of 5% (a common rate for established food markets) and a 2025 market size of $10 billion (USD), the market is projected to reach approximately $12.8 billion by 2030 and $16.4 billion by 2033. This growth is expected to be distributed across various segments. The market's regional distribution likely reflects global consumption patterns, with significant shares in regions such as Asia, North America, and Europe. The competitive landscape shows a mix of established international players and regional brands. Future growth will likely be influenced by factors such as increasing consumer awareness of health and sustainability, innovations in oil production, and the changing dynamics of the global food industry. Further research into specific regional data and market segmentation would provide a more precise and detailed analysis.

Chile IS: Domestic: Mfg: Vegetable & Animal Oils & Fats data was reported at 42.020 2000=100 in Mar 2009. This records an increase from the previous number of 35.220 2000=100 for Feb 2009. Chile IS: Domestic: Mfg: Vegetable & Animal Oils & Fats data is updated monthly, averaging 93.350 2000=100 from Jan 1990 (Median) to Mar 2009, with 231 observations. The data reached an all-time high of 146.040 2000=100 in Jan 1996 and a record low of 35.030 2000=100 in Jan 2009. Chile IS: Domestic: Mfg: Vegetable & Animal Oils & Fats data remains active status in CEIC and is reported by Federation of Chilean Industry. The data is categorized under Global Database’s Chile – Table CL.C004: Industrial Sales Index: 2000=100: Federation of Chilean Industry.

In 2023, approx. 96K tons of animal or vegetable fats and oils chemically modified were exported from Chile; rising by 43% compared with the year before.

Chile IS: Domestic: Mfg: Meat, Fish, Fruit, Vegetables, Oils & Fats data was reported at 117.110 2000=100 in Mar 2009. This records an increase from the previous number of 102.510 2000=100 for Feb 2009. Chile IS: Domestic: Mfg: Meat, Fish, Fruit, Vegetables, Oils & Fats data is updated monthly, averaging 92.980 2000=100 from Jan 1990 (Median) to Mar 2009, with 231 observations. The data reached an all-time high of 153.080 2000=100 in Jun 2004 and a record low of 35.370 2000=100 in Jan 1990. Chile IS: Domestic: Mfg: Meat, Fish, Fruit, Vegetables, Oils & Fats data remains active status in CEIC and is reported by Federation of Chilean Industry. The data is categorized under Global Database’s Chile – Table CL.C004: Industrial Sales Index: 2000=100: Federation of Chilean Industry.

Chile IS: Mfg: Meat, Fruit, Vegetable, Forestry, Oils & Grease data was reported at 141.200 2000=100 in Mar 2009. This records an increase from the previous number of 121.900 2000=100 for Feb 2009. Chile IS: Mfg: Meat, Fruit, Vegetable, Forestry, Oils & Grease data is updated monthly, averaging 102.900 2000=100 from Mar 1990 (Median) to Mar 2009, with 229 observations. The data reached an all-time high of 175.040 2000=100 in Jun 2004 and a record low of 45.360 2000=100 in Jan 1991. Chile IS: Mfg: Meat, Fruit, Vegetable, Forestry, Oils & Grease data remains active status in CEIC and is reported by Federation of Chilean Industry. The data is categorized under Global Database’s Chile – Table CL.C004: Industrial Sales Index: 2000=100: Federation of Chilean Industry.

The global feed fats market is experiencing robust growth, driven by increasing demand for animal feed, particularly in developing economies with expanding livestock populations. The market's expansion is fueled by several key factors, including the rising global population leading to higher protein consumption, the growing preference for animal-based protein sources, and the increasing adoption of efficient and cost-effective animal farming practices. These practices often rely on optimized feed formulations that include feed fats to enhance animal health, growth rate, and overall productivity. Furthermore, advancements in feed fat processing technologies, resulting in improved quality and consistency, are contributing to market growth. The market is segmented by various factors, including the type of feed fat (e.g., animal fats, vegetable fats), animal type (poultry, swine, ruminants), and geographical region. Competition among established players and new entrants is driving innovation and efficiency improvements across the value chain. While significant growth is projected, the market faces some challenges. Fluctuations in raw material prices, particularly those related to vegetable oil and animal by-products, can impact profitability and market stability. Furthermore, stringent regulations concerning the use of certain feed additives and increasing environmental concerns related to sustainable sourcing of feed fats present hurdles for market players. To mitigate these challenges, companies are focusing on developing sustainable sourcing strategies, investing in research and development to improve the quality and efficiency of their products, and exploring innovative marketing strategies to cater to specific market segments. The forecast period (2025-2033) is expected to witness continued expansion, driven by the aforementioned factors, with significant opportunities for companies that can adapt to the evolving market dynamics and address sustainability concerns.

After three years of growth, supplies from abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -97.2% to 929 units in 2023.