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 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.

Used cooking oil Market is predicted to USD 25.7 billion by 2034 and CAGR 6.1% Market by Indications by Distribution Channels.

North America Used Cooking Oil Market size is USD 2090.48 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.

According to Cognitive Market Research, the global Cooking Oil market size will be USD 209241.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 77419.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 60680.04 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 50217.96 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 7951.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 8369.66 million in 2025. and will grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 4603.31 million in 2025. and will grow at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.
Sunflower Oil category is the fastest growing segment of the Cooking Oil industry

Market Dynamics of Cooking Oil Market

Key Drivers for Cooking Oil Market

Increasing demand for processed foods drives the market

Processed foods such as ready-to-eat meals, snacks baked goods, frozen products and instant meals require significant amount of cooking oils in various stages of preparation, including frying, baking and flavoring. With the rise of urbanization and changing lifestyles, consumers are shifting towards convenience and packaged food, leading to a surge in demand. As a result, processed food manufacturers scale up production thereby increasing the consumption of edible oils. Processed food also require extended shelf life and cooking oil act like stabilizers and prevent spoilage.

Rise in Fast Food & Restaurant Chains to Boost Market Growth

The market for cooking oil is growing at a large rate due to the quick expansion of fast-food restaurants and chains. The demand for high-heat stable oils such as palm, soybean, and canola oil has increased due to the growing popularity of casual dining, quick-service restaurants (QSRs), and meal delivery services. Large amounts of cooking oil are needed to make fast food items like French fries, fried chicken, and snacks, which drives industry growth. Convenient, ready-to-eat meals are becoming more popular among consumers due to factors like urbanization, shifting lifestyles, and more disposable money. Long-term growth in cooking oil consumption is ensured by the expansion of local restaurants and international fast-food franchises in emerging countries in the Middle East and Asia-Pacific.

Restraint Factor for the Cooking Oil Market

Fluctuating Raw Material Prices Will Limit Market Growth

The market for cooking oil is severely hampered by fluctuating raw material prices, which have an impact on both production costs and final consumer pricing. Important oilseeds, including palm, soybean, sunflower, and rapeseed, are extremely susceptible to changes in the climate, trade rules, and geopolitical unrest, which can cause erratic price fluctuations. Volatility is further increased by severe weather, supply chain interruptions, and export prohibitions from important producing nations like Argentina, Malaysia, and Indonesia. Overall pricing is also impacted by growing labour, transportation, and fertilizer costs. Particularly in price-sensitive sectors, these swings pose problems for manufacturers' profitability and customers' affordability. In order to preserve stability in the cutthroat cooking oil market, companies must continuously modify their pricing tactics.

Market Trends in Cooking Oil Market

Growing Demand for Healthier Oils

The growing demand for healthy, premium and sustainably sourced oils, driven by the increasing consumer health-consciousness presents a significant opportunity in the global cooking oils market. As consumers grow more aware of their diets, there is a shift in market towards oils that offer added health benefits. This results in a surge in demand for oils such ...

The Global Vegetable Oil Market is Segmented by Product Type (Palm Oil, Soybean Oil, and More), Nature (Conventional and Organic), Packaging (Bottle, Pouches, and More), Distribution Channel (HoReCa/Foodservice and Retail) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

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

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.

According to Cognitive Market Research, the global Used Cooking Oil market size is USD 5226.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.60 % from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2090.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1567.86 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1202.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 261.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 104.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The Food Manufacturer held the highest Used Cooking Oil market revenue share in 2024.

Market Dynamics of Used Cooking Oil Market

Key Drivers of Used Cooking Oil Market

Increasing Demand for Biodiesel to Increase the Demand Globally

Reducing dependency on fossil fuels and growing concerns about environmental sustainability are driving up demand for biodiesel made from leftover cooking oil (UCO). When compared to conventional diesel, biodiesel burns cleaner and reduces greenhouse gas emissions and air pollution. By reusing a byproduct, using UCO for biodiesel production promotes a circular economy in addition to providing an environmentally acceptable method of disposing of waste. As governments and businesses throughout the world place increasing emphasis on renewable energy sources, UCO's biodiesel stands out as a sustainable and practical choice that supports international efforts to mitigate climate change and encourage environmental preservation.

Waste Management Needs to Propel Market Growth

The market for used cooking oil (UCO) is driven by the need for efficient waste management solutions. Used cooking oil is a substantial waste product that can contaminate land and water and cause other environmental problems if it is not disposed of appropriately. But the UCO market offers an alternative by turning this garbage into a useful resource and encouraging ethical waste disposal methods. In addition to reducing environmental hazards, the market helps promote sustainable resource use and the circular economy by recycling UCO into biodiesel and other goods. This program encourages waste management that is more ecologically conscientious, supporting worldwide efforts to lessen pollution and advance sustainability.

Restraint Factors Of Used Cooking Oil Market

Stringent Regulations to Limit the Sales

The sector has obstacles due to strict rules governing the collection, transportation, and processing of used cooking oil (UCO), which vary widely by area and level of complexity. It is possible to encourage market participation and optimize UCO processing operations by streamlining these restrictions and providing clear guidance. Standardized and unambiguous standards promote investment in UCO recycling infrastructure while also making compliance easier. Policymakers may encourage sustainable behaviors, raise UCO recycling rates, and eventually aid in environmental conservation efforts by lowering waste and encouraging the use of renewable energy sources like biodiesel by establishing more hospitable regulatory environments.

Impact of Covid-19 on the Used Cooking Oil Market

The market for used cooking oil (UCO) has been affected by the COVID-19 epidemic in a variety of ways. On the one hand, because fewer meals were made in commercial kitchens during lockdowns and restaurant closures, there was a decrease in UCO generation. In certain areas, this led to a brief surplus of UCO. However, the pandemic may have increased domestic cooking oil use due to the increased demand for packaged and processed foods, which could somewhat offset the drop in commercial UCO production. Furthermore, UCO collection and processing activities may have been impacted by supply chain and logistics interruptions, creating issues with market stability. Introduction of the Used Cooking Oil Market&n...

The size of the Cooking Oil Market was valued at USD 180.82 billion in 2023 and is projected to reach USD 268.32 billion by 2032, with an expected CAGR of 5.8 % during the forecast period. Cooking oil is an indispensable ingredient in daily cooking: frying, baking, sautéing, dressing. It is obtained from various plant and animal sources. Some of the most common types of cooking oils include vegetable oil, olive oil, sunflower oil, canola oil, and coconut oil, each with its flavors, health benefits, and cooking properties. Some oils, such as olive oil, are revered for their heart-healthy fats, while others, like coconut oil, may be prized for their high smoke point and unique flavor. Cooking oils contain fats that are necessary for energy, but the type of fat—saturated, unsaturated, or trans fats—has a bearing on health. Unsaturated fats are held to be healthier, though trans fats are associated with health risks. With increased awareness about healthy living, there has been an increasing demand for oils low in saturated fats and particularly those rich in omega-3 fatty acids, like flaxseed or walnut oil. Recent developments include: In July 2024, Louis Dreyfus Company relaunched its edible oil brand, Vibhor, specifically targeting the North Indian market. This strategic move aims to cater to the growing demand for high-quality edible oils in the region. The company plans to offer Vibhor in various packaging options, including 1-liter, 5-liter, and 15-liter containers, to enhance accessibility for consumers. The brand will focus on promoting its health benefits and quality, leveraging the increasing consumer awareness regarding nutrition and wellness , In February 2023, Cargill India launched its first edible oil brand, Gemini Pureit, in South India, supported by a USD 35 million investment in an existing facility in Nellore, Andhra Pradesh. The sunflower oil will be produced at this plant and distributed across four South Indian states. Cargill plans to gradually increase investments in the region and expand its product range over the coming years .

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Edible Oil Market Size 2025-2029

The edible oil market size is forecast to increase by USD 18.37 billion, at a CAGR of 3.4% between 2024 and 2029.

The market is driven by the surging demand for trans-fat-free oils due to growing health consciousness among consumers. This trend is fueled by increasing awareness regarding the harmful effects of trans fats on human health. Furthermore, advancements in agriculture technology have enabled the production of high-quality, healthy oils, providing opportunities for market growth. However, the market faces distribution challenges that hinder its expansion. The complex supply chain and logistical issues in transporting edible oils from production sites to consumers in various regions create hurdles for market participants.
Companies must navigate these challenges by implementing robust logistics strategies and collaborating with reliable partners to ensure the timely and efficient delivery of their products. By addressing these challenges and catering to the evolving consumer preferences, market players can capitalize on the growing demand for healthier edible oil options and strengthen their market position. Consumer preferences for healthier alternatives, such as olive oil, are driving demand for alternative oils

What will be the Size of the Edible Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market forces and shifting consumer preferences. Unsaturated fats, such as monounsaturated and polyunsaturated fatty acids, have gained prominence in food processing due to their health benefits. Cold-pressed oils, like olive and avocado, with their desirable nutritional profiles and high omega-3 and omega-6 fatty acid content, have gained popularity in various sectors. The fatty acid profile of oils, including rapeseed, sunflower, safflower, and canola, influences their applications in food processing and dietary guidelines. Smoke point and peroxide value are crucial factors in determining the suitability of oils for cooking applications. Linseed oil, with its high polyunsaturated fat content and low smoke point, is often used in non-cooking applications.

Price volatility, driven by factors like supply chain disruptions and government regulations, impacts the market. Organic and unrefined oils, with their perceived health benefits and higher production costs, command premium prices. Oxidation stability and moisture content are essential considerations for maintaining the quality and shelf life of edible oils. Sustainability concerns, particularly in the palm oil sector, have led to increased scrutiny and regulations. Corn oil, peanut oil, and other vegetable oils are used extensively in salad dressings and food manufacturing. Labeling requirements and consumer preferences for trans-fat-free and low-saturated fat options continue to shape the market landscape. The market is a complex web of interconnected factors, from production methods like solvent extraction and expeller-pressed oil to consumer preferences and government regulations.

The ongoing unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in this ever-changing industry.

How is this Edible Oil Industry segmented?

The edible oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Retail
  Food service
  Food processor


Packaging

  Pouches
  Bottles
  Jars
  Cans


Type

  Palm oil
  Soybean oil
  Sunflower oil
  Mustard oil
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The Retail segment is estimated to witness significant growth during the forecast period. The market encompasses various types of oils, including unsaturated ones like rapeseed, sunflower, safflower, olive, and avocado, which provide healthier alternatives to saturated fats. The futures market plays a significant role in price determination, influencing the supply chain. Trans fats, however, are a concern due to their adverse health effects, leading to increased focus on omega-6 and omega-3 fatty acids. Cholesterol content is a critical consideration, with olive, canola, and flaxseed oils offering heart-healthy benefits. Food processing techniques, such as cold-pressing, expeller-pressing, and solvent extraction, impact the oil's nutritional value, smoke point, and oxidation stability. Consumer preferences prioritize mon

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%.

Vegetable Oil Market Outlook

The global vegetable oil market size is projected to witness substantial growth from USD 245.8 billion in 2023 to USD 335.7 billion by 2032, at a compound annual growth rate (CAGR) of 3.5%. The driving forces behind this growth include increasing health consciousness among consumers, rising demand for biofuels, and expanding food processing industries. As the world becomes more health-conscious and eco-friendly, the vegetable oil market is poised to benefit significantly from these evolving trends.

One of the primary growth factors in the vegetable oil market is the increasing consumer preference for healthier and sustainable food options. With growing awareness about the adverse effects of trans fats and the health benefits associated with unsaturated fats, there is a marked shift towards vegetable oils. Oils such as olive, canola, and sunflower are gaining popularity due to their health benefits, including reducing bad cholesterol levels and providing essential fatty acids. This shift in consumer preference is driving the demand for a variety of vegetable oils across different demographics and regions.

Another significant growth driver is the escalating demand for biofuels. Vegetable oils are increasingly being used as feedstock for biodiesel production, which is a renewable and environmentally friendly alternative to fossil fuels. Governments and regulatory bodies worldwide are encouraging the use of biofuels to reduce greenhouse gas emissions and dependence on petroleum-based fuels. This governmental push, coupled with technological advancements in biodiesel production, is expected to propel the vegetable oil market further.

The food processing industry's rapid expansion is also fueling the vegetable oil market's growth. Vegetable oils are a staple ingredient in various food products, including baked goods, snacks, confectionery, and ready-to-eat meals. As urbanization and busy lifestyles continue to rise, the demand for convenient and processed food items is expected to increase. Consequently, this will drive the need for vegetable oils, boosting market growth.

From a regional perspective, the Asia Pacific region is expected to hold a significant share of the vegetable oil market. This can be attributed to the region's large population, increasing disposable incomes, and growing awareness about the health benefits of vegetable oils. Countries like China and India are experiencing rapid urbanization and a rising middle class, which is driving the demand for both food and industrial applications of vegetable oils. Moreover, the availability of raw materials and favorable climatic conditions for oilseed cultivation further bolster the market's growth in this region.

Type Analysis

The vegetable oil market is segmented by type, including palm oil, soybean oil, sunflower oil, olive oil, canola oil, coconut oil, and others. Palm oil dominates the market due to its wide availability and versatility in both food and industrial applications. It is extensively used in cooking, as well as in manufacturing margarine, shortening, and various baked goods. However, concerns about deforestation and sustainability practices are pushing producers and consumers to seek alternative oils, which might impact the growth trajectory of palm oil.

Soybean oil is another significant segment in the vegetable oil market. With its high protein content and extensive use in cooking, baking, and as a salad oil, soybean oil holds a substantial market share. The United States, Brazil, and Argentina are major producers of soybean oil. The rising demand for plant-based protein and soy products is expected to propel this segment's growth over the forecast period.

Sunflower oil, known for its light taste and high levels of vitamin E, is gaining popularity among health-conscious consumers. This oil is widely used in salads, frying, and baking. Europe is a significant market for sunflower oil, thanks to its extensive cultivation and consumption. The increasing demand for healthier cooking oils is likely to drive the growth of this segment.

Olive oil, revered for its health benefits and culinary versatility, is another crucial segment. The Mediterranean diet's popularity, which emphasizes the use of olive oil, has significantly boosted its demand globally. Besides culinary uses, olive oil is also finding applications in cosmetics and pharmaceuticals, further expanding its market reach. The high cost of production and limited geographical cultivation areas could

BCC Research Market Report says global UCO market is expected to be valued at $6.2 billion by 2023 and reach $10.7 billion by the end of 2028. The market is expected to witness a CAGR of 11.8%.

The Used Cooking Oil Market size was valued at USD 5.16 USD Billion in 2023 and is projected to reach USD 9.57 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. Used cooking oil is oil that has been used in the cooking process and is good for the frying results and so cannot be used for further culinary production. To block hydrogenation, several varieties have been created namely vegetable oil, canola oil, and olive oil. Such as recycled cooking oil has dirty quality because of exposure to food particles and high temperatures this one is an unsuitable material for frying. Nevertheless, there are ways of ensuring its continuous purpose using recycling methods that involve filtering and chemical treatment. Amongst several industries, used cooking oil can be processed in biodiesel production, being an environmentally friendly feedstock that helps both air pollution reduction and stronger energy security. In addition, in manufacturing processes including soap making and cosmetic products this particular waste is reused, which not only emphasizes its versatility but also shows the resources the circular economy can provide. Key drivers for this market are: Increasing Use of UCO in Biodiesel Industry Drives Market Growth. Potential restraints include: Challenges Faced in Processing of UCO to Impede Market’s Growth.

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.

The global cooking oil market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.60% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes in developing economies, coupled with changing dietary habits and a preference for convenient and readily available cooking options, are significantly boosting demand. The increasing adoption of healthier cooking oils, such as those rich in unsaturated fats (like sunflower and rapeseed oils), is further driving market growth. The food processing and food service industries are major consumers, contributing significantly to the overall market volume. Furthermore, innovative product development, including fortified oils enriched with vitamins and antioxidants, is creating new market segments and enhancing consumer appeal. However, fluctuations in raw material prices, particularly palm oil, pose a significant challenge. Moreover, growing health concerns regarding saturated and trans fats are influencing consumer choices and impacting the demand for certain types of cooking oils. Market segmentation reveals that palm oil currently holds a substantial share within the product type segment, while the bakery and confectionery application segment commands a significant portion of the overall market. The geographical landscape reveals a diverse market distribution. While North America and Europe represent mature markets with relatively stable growth, the Asia-Pacific region is witnessing the most dynamic expansion, driven by rapid urbanization, population growth, and increasing consumption in countries like India and China. South America and the Middle East and Africa also show promising growth potential, albeit at a slower pace compared to the Asia-Pacific region. Major players like Archer Daniels Midland, Cargill, Bunge, and Wilmar International are actively shaping the market through strategic partnerships, acquisitions, and product diversification. Competition is fierce, leading to continuous innovation and efforts to secure sustainable and cost-effective sourcing of raw materials. The forecast period of 2025-2033 presents significant opportunities for market players, particularly those focusing on sustainable sourcing, product diversification, and catering to the growing health-conscious consumer segment. 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.. Notable trends are: Palm Oil Emerges as the Most Consumed Oil.

The global cooking vegetable oil market is experiencing robust growth, driven by increasing health consciousness, shifting dietary preferences towards plant-based diets, and expanding applications in food processing and the food service industry. The market, estimated at $80 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $120 billion by 2033. Key growth drivers include rising disposable incomes in developing economies, leading to increased consumption of processed foods, and the increasing popularity of healthier cooking methods that utilize vegetable oils. Further fueling this growth is the rising demand for convenient and ready-to-eat meals, which significantly rely on vegetable oils in their preparation. However, price volatility of raw materials, fluctuating crude oil prices, and concerns regarding the impact of certain vegetable oils on health are key restraints to market expansion. The market is segmented by application (household, food processing, food service) and type (palm oil, soybean oil, sunflower oil, canola oil, olive oil, others), with palm oil and soybean oil currently dominating the market due to their affordability and widespread availability. Regional analysis reveals that Asia-Pacific, particularly China and India, are major consumers and key growth areas owing to their vast populations and rapidly expanding middle classes. North America and Europe also present substantial market opportunities, driven by the increasing awareness of the health benefits of specific vegetable oils, like olive oil. The competitive landscape is dominated by major players like Archer Daniels Midland, Cargill, and Wilmar International, who hold significant market share through their integrated supply chains and global reach. Smaller regional players are also actively participating, capitalizing on localized preferences and emerging niche markets. Future market growth will be shaped by innovation in oil extraction techniques, advancements in sustainable and ethically sourced oils, and the development of healthier and more functional vegetable oil products. Companies are investing heavily in research and development to enhance the nutritional profile of their offerings and meet evolving consumer demands. The focus on sustainability, including certifications and traceability measures, is also gaining momentum, creating opportunities for brands committed to responsible sourcing and production practices.

Middle East and Africa Used Cooking Oil Market size is USD 104.52 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

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.