The Cooking Oil Market report segments the industry into By Product Type (Palm Oil, Rapeseed Oil, Sunflower Oil, Peanut Oil, Other Types), By Application (Bakery and Confectionery, Snack Foods, Salads and Cooking Oils, Margarine, Fillings, and Spreads, Other Applications), and By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa).

The global vegetable oil market size reached USD 280.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 408.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.81% during 2025-2033. The rising shift towards healthier eating habits, increasing industrial uses of vegetable oils, advances in agricultural practices, rising disposable income, and increased awareness about the health benefits of certain cooking oils are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 280.5 Billion
Market Forecast in 2033	USD 408.4 Billion
Market Growth Rate (2025-2033)	4.81%

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

The Europe Vegetable Oil Industry Report is Segmented by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types), Application (Food, Feed, and Industrial), and Geography (Spain, The United Kingdom, France, Germany, Russia, Italy, and Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2021, the top cooking oil company in the United States was ConAgra Brands Inc. The company had cooking oil retail sales of about 392 million U.S. dollars. Private label companies generated over 1.2 billion U.S. dollars in sales that year.

The global cooking oil market size was valued at USD 202.4 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 296.3 Billion by 2033, exhibiting a CAGR of 4.33% from 2025-2033. Asia Pacific currently dominates the market in 2024. The cooking oil market share is increased by rising awareness about health and wellness, changing individual preferences in dietary requirements, and emphasis on the implementation of sustainability sources and certification related to food.

The Global Vegetable Oil Market is segmented by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types), Application (Food, Feed, and Industrial), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The market size and forecasts in value (USD million) for the above segments.

Cooking Oil Market size was valued at USD 172.50 billion in 2021 and is predicted to reach USD 263.05 billion by 2030.

Global Cooking Oil market size earned around $244.92 Billion in 2023 and is expected to reach $554.32 Billion by 2032, with a projected CAGR of 9.50%.

The global cooking oil market, valued at $204,550 million in 2025, is projected to experience robust growth, driven by several key factors. Rising disposable incomes, particularly in developing economies, are fueling increased consumption of processed foods and convenience meals, which rely heavily on cooking oils. Simultaneously, changing dietary habits and a growing preference for healthier cooking options are influencing demand. The market is segmented by product type (palm oil, rapeseed oil, sunflower oil, peanut oil, and others) and application (bakery and confectionery, snack foods, salads and cooking oils, margarine, fillings and spreads, and other applications). Palm oil currently holds a significant market share due to its affordability and widespread availability, although concerns regarding sustainability and deforestation are impacting its growth trajectory. Conversely, the demand for healthier alternatives like sunflower and rapeseed oils is rising, driven by increasing health consciousness among consumers. Major players like Wilmar International, Cargill, and Archer Daniels Midland are actively involved in the market, investing in research and development to innovate and meet evolving consumer preferences, including the expansion into organic and sustainably sourced oils. Geographical distribution sees strong presence across all regions, with Asia-Pacific and North America currently dominating the market share due to high population density and established food processing industries. The continued growth is, however, subject to fluctuations in commodity prices, global economic conditions, and government regulations concerning sustainable sourcing. The forecast period (2025-2033) anticipates a Compound Annual Growth Rate (CAGR) of 5.60%, indicating consistent market expansion. This growth will be further shaped by several trends, including the increasing demand for functional cooking oils enriched with vitamins and antioxidants, the rise of plant-based diets, and ongoing innovations in packaging and processing technologies to enhance shelf life and improve product quality. However, potential restraints include the volatility of raw material prices, the increasing prevalence of health concerns surrounding high saturated fat content in certain oils, and growing awareness of the environmental impact of some oil production methods. Consequently, companies are adopting sustainable practices and exploring alternative oil sources to mitigate these risks and maintain market competitiveness. The market’s future trajectory will heavily depend on successfully navigating these challenges while adapting to the ever-evolving consumer preferences and industry dynamics. Recent developments include: March 2022: Alfa Laval acquired Desmet, a well-known player in the engineering and supply of processing facilities and technologies for the edible oil and biofuel sectors. Desmet was a division of the Desmet Ballestra Group. The acquisition strengthened Alfa Laval's position in the field of renewable energy and helped the company expand its range of edible oils., November 2021: Cargill acquired an edible oil refinery located in Nellore in Andhra Pradesh. Cargill's investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand., November 2021: To build the new facility in the HoogTij industrial district of the Port of Amsterdam, Bunge announced its plans to invest more than EUR 300 million (USD 343 million) for the expansion project. According to the company, it was a crucial step in leveraging Bunge's asset footprint in Europe and was expected to help the company achieve more operational flexibility and efficiency. With the help of the new facility, the company aims to offer a wider range of cutting-edge culinary oils and fats made from sustainably harvested plants, better positioning its brand to satisfy growing consumer demand.. Key drivers for this market are: Rising Incidence of Obesity and Cadiovascular Diseases, Growing Trend of Veganism Drives the Market. Potential restraints include: Associated Allergies With Plant Proteins. Notable trends are: Palm Oil Emerges as the Most Consumed Oil.

The global organic edible oil market is set to experience USD 3.7 billion in 2025. The industry is poised to depict 9.2% CAGR from 2025 to 2035, reaching USD 8.8 billion by 2035.

Metrics	Values
Industry Size (2025E)	USD 3.7 billion
Industry Value (2035F)	USD 8.8 billion
CAGR (2025 to 2035)	9.2%

Semi-Annual Industry Update

Particular	Value CAGR
H1 (2024 to 2034)	8.9%
H2 (2024 to 2034)	9.3%
H1 (2025 to 2035)	9.0%
H2 (2025 to 2035)	9.5%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	8.5%
UK	7.2%
France	7.0%
Germany	7.5%
Italy	6.8%
South Korea	6.5%
Japan	6.8%
China	9.0%
Australia	7.3%
New Zealand	7.1%

Segment-wise Analysis

Segment	Value Share (2025)
Olive oil	28%

Segment	Value Share (2025)
Online Retail Stores	35%

Competitive Outlook

Company Name	Estimated Industry Share (%)
Wilmar International	20-25%
Cargill	18-22%
Archer Daniels Midland (ADM)	15-19%
Bunge Limited	10-14%
Olam International	8-12%
Nutiva	6-9%
EFKO Group	5-7%
Daabon Organic	4-6%
California Olive Ranch	3-5%
NOW Foods	2-4%
Other Companies (Combined)	15-20%

The Cooking Oil Production industry in China has grown its revenue rapidly over the past five years, mainly due to increased industry capacity and high domestic demand. As the country has changed its economic focus from exports to domestic demand and increased living standards, cooking oil consumption in China is expected to maintain a strong growth trend over the period. Industry revenue is expected to total $361.2 billion in 2025, up 2.8% for the year. Over the five years through 2025, revenue has grown at a CAGR of 4.8%. Profits are estimated to account for 4.0% of industry revenue in 2025. The small-package cooking oil segment accounted for less than 20% of total industry revenue, and its share has been increasing rapidly in recent years. Arawana, Fortune and Luhua are the top three brands in China, and together account for over 60.0% of the small-package cooking oil market. The Cooking Oil Production industry has low concentration, with the top four enterprises accounting for less than 15% of total industry revenue in 2025. Merger and acquisition activity has been increasing the industry's concentration in recent years. In March 2006, COFCO merged with China Grains and Oils Group Corporation to become the largest oil and fat holding group in China, with approximately 12.0% of the industry's processing capacity. COFCO now owns several well-known cooking oil brands, including Fortune, Sihai, Wuhu, Xiyinyin, Weiyi, Kangsheng and Xianggufang. In December 2006, Wilmar International Limited acquired Kerry Grain & Oil and all the stock of Yihai Group held by ADM. Yihai Group has established five large cooking oil manufacturing enterprises together with COFCO, including EOGI. Over the five years through 2030, total industry revenue is projected to increase at a CAGR of 2.8%, to $415.6 billion. The slower revenue growth compared with the previous five-year period is forecast to be due to the over-production of cooking oil. The main drivers of industry revenue growth over the five years through 2030 are anticipated to be the steadily growing demand from catering industries and the food sector, increased consumption of first-grade and second-grade cooking oil in rural areas. Further popularization of small-package cooking oil, rising global demand for biological diesel oil and competitive pricing levels are also projected to aid industry revenue growth over the period.

This statistic shows the global consumption of vegetable oils from 2013/14 to 2024/25. In 2024/25, sunflower seed oil consumption was forecast to be at over 20.27 million metric tons worldwide. Global vegetable oil production amounted to around 228 million metric tons in that same period. Vegetable oils Vegetable oils are oils or fats extracted from a plant. Their texture can be described as liquid, oily and fatty. Most vegetable oils are able to fulfill two functions: they can either be used as cooking oil or for fuel and diesel production. The most common oil types include palm oil, soybean oil, canola oil and sunflowerseed oil. Palm oil is extracted from the flesh of the palm fruit, which is primarily found in the tropical climate of Africa, South America and South East Asia. It is estimated that about 90 percent of palm oil is used for food consumption, whereas industrial consumption such as cosmetic products or fuel and diesel claim the remaining 10 percent. In terms of consumption as a food product, vegetable oils are seen as the healthier alternative as they contain more unsaturated fatty acids than animal fats. One of the most widely used cooking oils is canola oil, also known as rapeseed oil. It is obtained by extraction from the rapeseed, which is first slightly heated and then crushed. Rapeseed oil, in particular, is seen to have the advantages of containing a higher amount of omega-3 (linolenic acid) and omega-6 (linoleic) fatty acids and to be low in saturated fatty acids.

The Margarine & Cooking Oil Processing industry in the US is currently navigating a time of significant change, driven by evolving consumer preferences and external supply chain pressures. Recently, plant-based eating habits have grown rapidly, with more consumers seeking vegan margarines and specialty oils, such as those derived from avocado, sunflower and coconut. Producers and major brands are reformulating products to meet health, environmental and ethical expectations, fueling a wave of innovation and marketing activity. At the same time, supply disruptions and rising raw material costs—shaped by everything from the pandemic to geopolitical events—have made managing profitability and product availability especially challenging. Overall, revenue is anticipated to climb at a CAGR of 4.4% to $88.7 billion over the five years to 2025, despite a 3.1% dip in 2025 alone. Over the past five years, the industry has had to grapple with pronounced volatility. Global events have caused substantial swings in input prices: for instance, the war in Ukraine and climate-related disruptions have squeezed supplies of key commodities like sunflower and soybean oil, impacting US processors’ sourcing and pricing. Meanwhile, private-label products from major retailers have intensified price competition, squeezing margins for branded companies and prompting accelerated product innovation and strategic repositioning. Mid-sized and large companies have responded by exploring new marketing angles, such as clean labels, health-based claims, or sustainability credentials, to differentiate themselves from growing store brands. Looking ahead, companies can anticipate a future shaped by tighter sustainability requirements, more sophisticated automation and shifts in consumer health and wellness priorities. Retailers and regulatory bodies are likely to keep ramping up environmental sourcing mandates, pushing companies to adopt more transparent and sustainable practices or risk losing key buyers. At the same time, demand for functional oils and margarine, fortified with ingredients like omega-3s or designed for specific dietary needs, should continue to grow. To address margin pressures and operational complexity, companies of all sizes are investing in digital tools and automation to streamline production and ensure quality. Adaptability—in everything from sourcing to product development—will be crucial for businesses aiming to thrive over the next five years. The industry is expected to slow through the end of 2030, expanding at a CAGR of just 0.1% to $89.1 billion.

The production volume of vegetable oil in the 2024/25 crop year exceeded 228 million metric tons worldwide. Among the major categories of vegetable oil, palm oil had the highest volume of production, at 79.53 million metric tons in that time period. Palm Oil Production Palm oil is a common oil in consumer products and processed foods. It is produced by harvesting palm fruit from the oil palm tree and extracting the oil from the fruit. Palm oil stands out from other types of oil because the yield is very high for a relatively small area of land use. The global production volume of palm oil has risen steadily over the last several years, and there is a large and active export market for palm oil. The leading exporters of palm oil worldwide were Indonesia and Malaysia. Consumption of Soybean Oil in the United States In the United States, soybean oil is the most consumed type of edible oil. It is often found in fried foods, canned fish, salad dressing, and margarine. Americans consumed some 11.6 million metric tons of soybean oil in 2022, over three times more than the second most consumed type of oil, canola oil.

The global vegetable cooking oil market, valued at $213.82 billion in 2025, is projected to experience significant growth over the forecast period (2025-2033). While the precise CAGR is not provided, considering the robust demand driven by factors such as a growing global population, increasing urbanization, changing dietary habits towards healthier cooking options, and the rising popularity of processed foods, a conservative estimate of a 5% CAGR seems plausible. This growth is fueled by diverse application segments, including home use, catering services, and the food processing industry. The market is segmented by oil type (fry oil, salad oil) further contributing to its diversification and expansion. Key players like Cargill, Bunge, ADM, and others are driving innovation and expanding their product portfolios, catering to specific consumer preferences and regional demands. Growth is expected to be particularly strong in Asia-Pacific and other developing economies, due to rising disposable incomes and increased food consumption. However, factors such as fluctuating crude oil prices, potential health concerns related to certain oil types, and the rise of alternative cooking methods could potentially moderate market growth. The market's geographical distribution is expected to remain diverse, with North America, Europe, and Asia-Pacific representing significant market shares. However, the faster growth rates are projected for developing regions in Asia-Pacific, Africa, and South America, driven by population growth and increasing per capita consumption. The competitive landscape is characterized by both large multinational corporations and regional players, leading to intense competition and innovation in product offerings, marketing, and distribution channels. This competition, while posing a challenge, is also a significant driver of market development, pushing for better quality products and sustainable production methods. The next decade will likely see continued consolidation within the industry as larger players acquire smaller competitors and expand their global footprint.

The European cooking oil market, valued at €33.92 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.06% from 2025 to 2033. This expansion is driven by several key factors. Rising disposable incomes across many European nations are fueling increased consumption of processed foods and restaurant meals, both significant consumers of cooking oils. Health consciousness is also influencing market trends, with a growing demand for healthier oils like olive oil and rapeseed oil, which are perceived as having higher nutritional value. Furthermore, the increasing popularity of plant-based diets and the associated rise in vegetarian and vegan food products further contribute to the demand for cooking oils. However, price volatility in raw materials, particularly palm oil, and fluctuations in global supply chains pose challenges to sustained market growth. The market is segmented by type (palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and others) and application (energy, feed, and industrial). Major players, including Cargill, Fuji Oil, ADM, Avril, EFKO, Bunge, Olam, Wilmar, Louis Dreyfus, and Demyaniakov, compete in this market, characterized by both established brands and regional producers. Specific regional variations in consumer preferences and market penetration are likely, with countries like Spain, Italy, and France exhibiting a strong preference for olive oil, while others lean towards more widely available options like sunflower or rapeseed oil. The ongoing trend towards sustainability and ethical sourcing within the food industry is anticipated to impact future market dynamics, favoring brands that demonstrate commitment to environmental and social responsibility. The competitive landscape is dynamic, with both large multinational corporations and smaller, regionally focused companies vying for market share. Success will likely depend on a combination of efficient supply chains, strong branding, product diversification catering to evolving consumer preferences (e.g., organic or sustainably sourced options), and innovative marketing strategies that emphasize health benefits and ethical sourcing. The forecast period (2025-2033) is expected to witness a shift toward more premium and specialized cooking oils as consumer purchasing power increases and demand for healthier and more sustainable options grows. The ongoing geopolitical landscape will continue to influence raw material pricing and supply chain stability, thus presenting significant operational challenges for industry players. Further research into specific regional preferences and emerging consumer trends will refine understanding of this dynamic market's growth trajectory. Recent developments include: May 2024: Neolea, a producer of modern Mediterranean products, launched its extra virgin olive oil in sustainable aluminum can packaging. The cans feature a reusable ‘Fresh Cap,’ which is designed to maintain the olive oil’s integrity, freshness, and flavor., October 2023: UK-based edible oil supplier KTC Edibles launched a new palm oil brand called Planet Palm. Planet Palm is a new range of certified sustainable, traceable, and responsibly sourced palm oil products for bakery and food manufacturers in the UK., June 2023: JJ Foodservice launched an own-brand extra virgin olive oil in the United Kingdom. The new Tabaki Extra Virgin Olive Oil is cold pressed from single-origin olives selected from the south Aegean hills in Turkey.. Key drivers for this market are: Rising Tourism Sector Supporting The Growth Of HORECA, Rising Demand For Processed Foods/RTE Foods. Potential restraints include: Rising Tourism Sector Supporting The Growth Of HORECA, Rising Demand For Processed Foods/RTE Foods. Notable trends are: The Trend of Using Un-refined Sunflower Oil is Gaining Traction.

The report covers Edible Vegetable Oil Market Size in Asia and is segmented by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types), by Application (Food, Feed, and Industrial), and by Geography.

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The Cooking Oil Market size was valued at USD 204550 Million in 2023 and is projected to reach USD 369200 Million by 2032, exhibiting a CAGR of 5.60 % during the forecast periods. The Cooking Oil Market is critical in view of growing food demand and multiple applications in cuisine. The cooking oils have multiple applications in cuisine and play a very important role in frying, baking, and other types of food processing due to their various fatty acid compositions and nutritional value. Improvements in technologies related to extraction and refining have greatly enhanced the quality of oils. These oils are influential on health since they provide essential fatty acids and vitamins for cardiovascular well-being and reduction of inflammatory diseases. They have a role to play in the global economy, too. Cooking oils add flavor, improve nutrition, and are versatile; hence, they may be termed as a true staple in every kitchen around the globe. Recent developments include: March 2022: Alfa Laval acquired Desmet, a well-known player in the engineering and supply of processing facilities and technologies for the edible oil and biofuel sectors. Desmet was a division of the Desmet Ballestra Group. The acquisition strengthened Alfa Laval's position in the field of renewable energy and helped the company expand its range of edible oils., November 2021: Cargill acquired an edible oil refinery located in Nellore in Andhra Pradesh. Cargill's investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand., November 2021: To build the new facility in the HoogTij industrial district of the Port of Amsterdam, Bunge announced its plans to invest more than EUR 300 million (USD 343 million) for the expansion project. According to the company, it was a crucial step in leveraging Bunge's asset footprint in Europe and was expected to help the company achieve more operational flexibility and efficiency. With the help of the new facility, the company aims to offer a wider range of cutting-edge culinary oils and fats made from sustainably harvested plants, better positioning its brand to satisfy growing consumer demand.. Key drivers for this market are: Rising Incidence of Obesity and Cadiovascular Diseases, Growing Trend of Veganism Drives the Market. Potential restraints include: Associated Allergies With Plant Proteins. Notable trends are: Palm Oil Emerges as the Most Consumed Oil.