Sunflower Oil rose to 1,426.40 INR/10 kg on December 2, 2025, up 0.68% from the previous day. Over the past month, Sunflower Oil's price has risen 0.79%, and is up 8.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

The Wholesale Price Index of edible oils across India during financial year 2024 was ***. An overall increase in the price index was seen over the years from financial year 2013 till 2022 in the country. Edible oils refers to vegetable and animal oils and fats.

As of December 2023, the retail price index of sunflower oil in India was approximately 136. This meant, the RPI of sunflower oil had increased by 36 percent compared to the base year of 2016. Retail prices index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

Oils Price Index in World increased to 169.40 Index Points in October from 167.90 Index Points in September of 2025. This dataset includes a chart with historical data for World Oils Price Index.

Get the latest insights on price movement and trend analysis of Crude Sunflower Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on December of 2025.

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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 monounsatura

India Consumer Price Index (CPI): Food and Beverages: Oils and Fats data was reported at 185.200 2012=100 in Mar 2025. This records an increase from the previous number of 184.200 2012=100 for Feb 2025. India Consumer Price Index (CPI): Food and Beverages: Oils and Fats data is updated monthly, averaging 120.700 2012=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 202.400 2012=100 in May 2022 and a record low of 81.900 2012=100 in Jan 2011. India Consumer Price Index (CPI): Food and Beverages: Oils and Fats data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.IB001: Consumer Price Index: 2012=100.

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Sunflower Oil Market Size 2025-2029

The sunflower oil market size is valued to increase by USD 6.33 billion, at a CAGR of 5.6% from 2024 to 2029. Growing use of sunflower oil for biodiesel production will drive the sunflower oil market.

Market Insights

Europe dominated the market and accounted for a 38% growth during the 2025-2029.
By Application - Food segment was valued at USD 15.14 billion in 2023
By Distribution Channel - Supermarkets segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 64.39 million 
Market Future Opportunities 2024: USD 6334.80 million
CAGR from 2024 to 2029 : 5.6%

Market Summary

Sunflower oil, derived from sunflower seeds, holds a significant position in the global edible oils market due to its versatile applications and health benefits. The oil is rich in monounsaturated and polyunsaturated fatty acids, making it a popular choice for cooking and industrial uses. One of the notable trends in the market is its increasing utilization in biodiesel production, owing to its renewable and eco-friendly properties. Moreover, the sunflower oil industry has witnessed the introduction of innovative packaging solutions to maintain product quality and extend shelf life. For instance, the use of airtight containers and modified atmospheric packaging has gained popularity to prevent oxidation and preserve the nutritional value of the oil. Despite the market's growth potential, sunflower oil faces competition from other edible oils such as soybean, palm, and olive oil. Producers must focus on operational efficiency and supply chain optimization to maintain competitiveness. For example, implementing lean manufacturing practices, optimizing logistics networks, and adhering to stringent quality standards can help businesses stay competitive and meet the evolving demands of consumers. Furthermore, regulatory compliance plays a crucial role in the market. Producers must adhere to various food safety and labeling regulations to ensure consumer safety and trust. This includes adhering to regulations related to the use of genetically modified organisms (GMOs) in sunflower oil production, which can be a challenge for some producers. In conclusion, the market is driven by factors such as its health benefits, growing use in biodiesel production, and the introduction of innovative packaging solutions. However, competition from other edible oils and the need for operational efficiency and regulatory compliance pose challenges for producers.

What will be the size of the Sunflower Oil Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleSunflower oil, derived from sunflower seeds, is a popular edible vegetable oil widely used in the food industry and as a fuel component. The market is a dynamic and evolving sector, with key players continually innovating to meet consumer demands and regulatory requirements. One significant trend in the market is the increasing focus on sustainability and health. For instance, companies are investing in seed pre-treatment techniques to improve oil extraction rates and reduce the need for solvent recovery and color removal. Additionally, there is a growing emphasis on energy efficiency measures, such as mass spectrometry and gas chromatography, during the refining process. Another crucial area of development is wastewater treatment and byproduct utilization. According to industry data, sunflower oil production generates substantial wastewater, making efficient treatment methods essential. Furthermore, the meal protein content in sunflower oilseed residue is a valuable resource, with potential applications in animal feed and food industries. Process automation and supply chain management are also vital aspects of the market. Companies are implementing advanced technologies, such as filtration membranes and centrifugal separation, to streamline production and ensure product consistency. Moreover, effective supply chain management is crucial for maintaining a steady flow of raw materials and finished products to meet market demands. In conclusion, the market is a dynamic and innovative sector, with companies continually focusing on sustainability, health, and efficiency to meet evolving consumer demands and regulatory requirements. By implementing advanced technologies and optimizing production processes, companies can improve oil extraction rates, reduce waste, and enhance product quality.

Unpacking the Sunflower Oil Market Landscape

Sunflower oil, derived from the seeds of sunflower plants, holds a significant position in the global edible oils market. Its oleic acid content, a monounsaturated fatty acid, contributes to its health benefits and desirable taste profile. Compared to other edible oils, sunflower oil exhibits a superior oxidation stability, redu

India Retail Price Index: Industrial Workers: 2001p: Oils and Fats: Sunflower Oil data was reported at 238.740 2001=100 in Oct 2018. This records an increase from the previous number of 236.390 2001=100 for Sep 2018. India Retail Price Index: Industrial Workers: 2001p: Oils and Fats: Sunflower Oil data is updated monthly, averaging 205.945 2001=100 from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 238.740 2001=100 in Oct 2018 and a record low of 121.970 2001=100 in Feb 2006. India Retail Price Index: Industrial Workers: 2001p: Oils and Fats: Sunflower Oil data remains active status in CEIC and is reported by Labour Bureau Government of India. The data is categorized under India Premium Database’s Inflation – Table IN.IG003: Retail Price Index: Industrial Workers: 2001=100: Food: Oils and Fats.

The global used cooking oil market size was USD 7.84 billion in 2024 & is projected to grow from USD 8.19 billion in 2025 to USD 11.65 billion by 2033.
Report Scope:

The size of the Vegetable Oil Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.6 % during the forecast period. Vegetable oil is a very common cooking oil extracted from plant sources, such as soybeans, sunflower, corn, canola, or palm. It is a versatile oil because of its mild flavor, high smoke point, and low price, so it is well suited for most cooking methods: frying, sautéing, baking, and grilling. Vegetable oil is often chosen for its ability to maintain stability at high temperatures, which is crucial for deep frying and other high-heat cooking techniques. It is also used in salad dressings, marinades, and as an ingredient in various processed foods. While vegetable oil provides essential fats, it is generally high in polyunsaturated fats, which can help lower bad cholesterol when consumed in moderation. Still, some of the varieties, like palm oil, have raised concerns due to their negative environmental impact and high saturated fat content. Thus, people often opt for alternatives that are sustainable or healthier, such as olive or avocado oil. Recent developments include: In February 2024, Cargill launched its Gemini Pureit sunflower oil brand in four southern states of India: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. , In July 2022, Eni, the Italian energy giant, started producing vegetable oil for biorefining in Kenya. They have established an oilseed collection and pressing facility, called an agri-hub, in Makueni, Kenya, with an initial production capacity of 15,000 tons. .

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The used cooking oil (UCO) market share is expected to increase by 2049.00 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.85%.

This used cooking oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers used cooking oil market segmentation by application (biodiesel, oleo chemicals, animal feed, and others) and geography (Europe, North America, APAC, MEA, and South America). The used cooking oil market report also offers information on several market vendors, including Arrow Oils Ltd, Baker Commodities Inc., Brocklesby Ltd., Grand Natural Inc., GREASECYCLE, Olleco, Oz Oils Pty Ltd., Quatra, Valley Proteins Inc., and Waste Oil Recyclers among others.

What will the Used Cooking Oil Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Used Cooking Oil Market Size for the Forecast Period and Other Important Statistics

Used Cooking Oil Market: Key Drivers and Challenges

The increasing demand for biofuels is notably driving the UCO market growth, although factors such as distribution challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the used cooking oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Used Cooking Oil Market Driver

The demand for biofuels is increasing in response to worries concerning the exhausting stock of fuels. The demand for biofuels made up of food crops such as palm and rapeseed oil has increased in the past few years. Domestic biofuels provide a strategic opportunity to countries such as India, as they reduce the nation's dependence on imported fossil fuels. In addition, when utilized with appropriate care, biofuels can be environmentally friendly, sustainable energy sources. Thus, biofuels are expected to grow profitably during the forecast period. This is expected to be a result of the increasing demand for biofuels in all regions. Biodiesel has gained popularity with consumers as an efficient substitute for diesel over the past few years. Several rules and mandates that have been implemented in various countries are projected to influence the market's end-user trend, in the long run. These factors will fuel the demand for used cooking oil during the forecast period

Key Used Cooking Oil Market Challenge

Retail stores such as supermarkets, hypermarkets, and large chains of discount or convenience stores have become important distribution modes for manufacturers and vendors of used cooking oil. However, this presents some serious challenges for manufacturers. Manufacturers are under significant pressure regarding the prices and margins of organic edible products, as retail stores operate at a lower profit margin. Retailers demand manufacturers make frequent and smaller product deliveries for reduced warehousing costs. Retailers also expect manufacturers to come up with innovative merchandising units such as movable shelves, which can be rolled when fully stocked, to reduce the replenishment cost of the store. Moreover, retailers want to avoid any decline in revenues by fulfilling the gaps in the inventory that arise when there is a shortage of supply from the vendors. This means that a retailer will not hesitate to go to other vendors if a particular manufacturer is not able to supply an adequate amount of goods. Channel shifts by consumers have also forced manufacturers to develop new skills in category management. Such distribution challenges may impede the growth of the used cooking oil market during the forecast period.

This used cooking oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Used Cooking Oil Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Arrow Oils Ltd
Baker Commodities Inc.
Brocklesby Ltd.
Grand Natural Inc.
GREASECYCLE
Olleco
Oz Oils Pty Ltd.
Quatra
Valley Proteins Inc.
Waste Oil Recyclers

This statistical study of the used cooking oil market encompasses successful business strategies deployed by the key vendors. The UCO market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaini

India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data was reported at 312.400 1981-1982=100 in Mar 2000. This records a decrease from the previous number of 312.500 1981-1982=100 for Feb 2000. India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data is updated monthly, averaging 234.200 1981-1982=100 from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 441.700 1981-1982=100 in Sep 1998 and a record low of 93.900 1981-1982=100 in Feb 1983. India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.IH130: Wholesale Price Index: 1981-82=100: Manufactured Products: Food. Rebased from 1981-82=100 to 1993-94=100. Replacement series ID: 19633601

The Indian crude soybean oil market is poised for significant expansion, driven by robust domestic demand and increasing industrial applications. With an estimated market size of approximately $3,500 million in 2025, the sector is projected to grow at a Compound Annual Growth Rate (CAGR) of around 5.5% through 2033. This sustained growth is underpinned by the indispensable role of soybean oil in the Indian diet, primarily as a cooking medium, alongside its escalating use in the manufacturing of paints, varnishes, and biofuels. The increasing population and a rising disposable income further fuel the demand for edible oils, with soybean oil maintaining a strong market presence due to its affordability and perceived health benefits. Furthermore, government initiatives promoting domestic agriculture and food processing are expected to bolster production and, consequently, market availability, creating a conducive environment for sustained growth. While the market exhibits a strong upward trajectory, certain factors could moderate its pace. Fluctuations in global soybean prices, influenced by weather patterns, geopolitical events, and trade policies, can impact the cost-effectiveness of imports and domestic production, thereby acting as a restraint. Additionally, the growing awareness and demand for alternative edible oils with perceived superior health profiles, such as olive oil and refined sunflower oil, could present a competitive challenge. However, the sheer scale of the Indian market, coupled with the ingrained usage of soybean oil, suggests these restraints will likely have a limited impact on the overall positive growth outlook. The market is segmented into various applications, including food & beverage, pharmaceuticals, and industrial uses, with the food & beverage segment dominating. By type, crude soybean oil and refined soybean oil constitute the primary categories.

The global groundnut oil market, valued at $11.05 billion in 2025, is projected to experience steady growth, driven by a Compound Annual Growth Rate (CAGR) of 2.30% from 2025 to 2033. This growth is fueled by increasing consumer demand for healthy cooking oils, particularly in emerging economies experiencing rising disposable incomes and a growing awareness of the nutritional benefits of groundnut oil. The refined groundnut oil segment dominates the market, attributed to its superior taste and longer shelf life compared to unrefined options. Significant application lies within the personal care industry, leveraging its moisturizing properties in cosmetics and skincare products. However, price fluctuations in groundnut production and competition from other vegetable oils pose challenges to market expansion. Furthermore, the increasing adoption of sustainable agricultural practices and traceability initiatives will shape the future of the industry, influencing consumer choices and market dynamics. Key players such as Archer Daniels Midland Company, Cargill Incorporated, and Wilmar International Limited are actively involved in the production, processing, and distribution of groundnut oil, significantly contributing to market competitiveness and innovation. Geographical distribution sees strong demand from Asia Pacific, particularly India and China, driven by large populations and established culinary traditions incorporating groundnut oil. North America and Europe also contribute significantly, albeit with a more mature and stable market share. The forecast period (2025-2033) anticipates a continued, albeit moderate, expansion driven by increased demand in developing economies and ongoing product diversification within existing application segments. The personal care and food sectors remain key drivers, while the pharmaceutical application segment presents potential for growth, owing to groundnut oil's use as a base for certain formulations. However, the industry faces sustainability concerns relating to groundnut cultivation and the environmental impact of farming practices. Companies are increasingly adopting sustainable sourcing and production methods to mitigate these risks and appeal to environmentally conscious consumers. Continuous innovation in processing techniques, leading to improved oil quality and yield, will further enhance the market's growth trajectory. Recent developments include: November 2022: Chemsta constructed a 200 TPD edible oil refinery for the Luhua Group (Xiangyang Branch). It was put into operation and soon began producing quality rapeseed and peanut oils. More than ten plants for rapeseed and peanut oil have been constructed by Chemsta, according to the group (including pressing, solvent extraction, refining, dewaxing, etc.)., March 2022: Shree Ram Proteins Ltd diversified its business and announced its plan to set up a new oil refinery. The company ordered a state-of-the-art refining plant for the new business segment. The company will launch rapeseed oil, groundnut oil, and cottonseed oil by the end of January 2023. It comes under the category of refined edible oil and shall cater to the company's domestic market. Thus, by adopting diversification, the company is expanding its business and expanding its product offerings for consumers., November 2021: Cargill Incorporated acquired an edible oil refinery situated in Nellore, India, and invested USD 35 million to purchase and improvise the facility, which would increase the production volume of edible oil and help the company to extend its existing supply chain to meet consumer requirements.. Notable trends are: Increasing Awareness of Peanut Oil Benefits in Skincare Products.

This statistic depicts the average monthly prices for palm oil worldwide from January 2014 through October 2025. In October 2025, the average monthly price for palm oil worldwide stood at ******** nominal U.S. dollars per metric ton.

Discover the booming groundnut oil market! Explore its $10B+ valuation, 5% CAGR growth, key players (ADM, Cargill, Wilmar), and regional trends in this comprehensive market analysis. Learn about market drivers, restraints, and future projections to 2033.

Refined Rice Bran Oil Market Outlook

The global market size for refined rice bran oil was valued at USD 2.3 billion in 2023 and is projected to reach USD 4.2 billion by 2032, growing at a CAGR of 6.6% during the forecast period. One of the significant growth factors driving this market is the increasing consumer awareness about the health benefits associated with rice bran oil. This oil, extracted from the hard outer brown layer of rice after chaff (rice husk), is rich in antioxidants, vitamin E, and other essential nutrients, making it a preferred choice for health-conscious consumers.

One of the primary growth factors for the refined rice bran oil market is the rising health consciousness among consumers. With an increasing global focus on health and wellness, there is a growing demand for oils that offer multiple health benefits. Refined rice bran oil, known for its high smoke point and balanced fatty acid profile, fits well into this category. Additionally, its antioxidant properties and presence of oryzanol, which is known to reduce cholesterol levels, further enhance its appeal among health-conscious consumers.

Another growth factor is the expanding application scope of refined rice bran oil in various industries. Not only is it becoming a staple in the food and beverage sector due to its nutritional benefits, but it is also gaining traction in the cosmetics and personal care industry. Its moisturizing properties and rich nutrient content make it an excellent ingredient for skincare and haircare products. Moreover, the pharmaceutical industry recognizes its potential in developing health supplements and medicinal formulations, thereby broadening its market reach.

The growing middle-class population, especially in emerging economies, is also fueling the market growth. With increasing disposable incomes, consumers are more willing to spend on premium, healthy cooking oils like refined rice bran oil. Additionally, the surge in urbanization has led to a rise in demand for packaged and ready-to-eat foods, where refined rice bran oil is extensively used. This demographic shift is expected to continue driving the market over the forecast period.

In recent years, Refined Canola Oil has gained popularity as a versatile and healthful cooking oil. Known for its low saturated fat content and high levels of omega-3 fatty acids, refined canola oil is often recommended for heart health. Its neutral flavor and high smoke point make it suitable for a variety of culinary applications, from frying to baking. As consumers become more health-conscious, the demand for oils like refined canola oil, which offer nutritional benefits without compromising on taste or cooking performance, continues to rise. This trend is reflected in the growing market for refined canola oil, which is expected to expand significantly over the coming years.

From a regional perspective, Asia Pacific holds the largest market share for refined rice bran oil and is expected to maintain its dominance throughout the forecast period. The region's significant rice production and increasing consumer awareness about the oil's health benefits are key drivers. Furthermore, countries like India and Japan are significant consumers of rice bran oil, contributing to regional market growth. North America and Europe are also showing promising growth rates, driven by the rising demand for healthy cooking oils and the increasing penetration of rice bran oil in the cosmetics and pharmaceutical sectors.

Product Type Analysis

The refined rice bran oil market can be segmented based on product type into organic and conventional. The organic segment is gaining considerable traction due to the growing consumer preference for natural and chemical-free products. Organic refined rice bran oil is produced without the use of synthetic chemicals, pesticides, or fertilizers, making it a healthier and environmentally friendly option. This segment is expected to witness substantial growth, driven by increased awareness about organic farming practices and the rising demand for organic food products globally.

Conventional refined rice bran oil, on the other hand, continues to hold a significant market share due to its widespread availability and cost-effectiveness. This type of oil is produced using standard agricultural practices, which makes it more accessible to a broader consumer base. The demand for conventional refined rice bran oil is driven by its extensive use in c

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Palm Oil Market Size 2025-2029

The palm oil market size is valued to increase USD 54.4 billion, at a CAGR of 9% from 2024 to 2029. Increasing consumer awareness regarding health benefits of palm oil will drive the palm oil market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 73% growth during the forecast period.
By Application - Edible oil segment was valued at USD 54.00 billion in 2023
By Type - Conventional segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 92.90 billion
Market Future Opportunities: USD 54.40 billion
CAGR : 9%
APAC: Largest market in 2023

Market Summary

The market encompasses the production, refining, and distribution of palm oil and its derivatives. This dynamic market is driven by the increasing demand for palm oil in core applications, such as food, cosmetics, and biodiesel. According to recent reports, the food industry accounts for approximately 65% of palm oil consumption, with the biodiesel sector emerging as a significant growth avenue. However, the market faces challenges from environmental concerns, particularly regarding deforestation and plant diversity losses. In 2020, it was estimated that around 10 million hectares of forest were lost due to palm oil cultivation. Despite these challenges, opportunities for sustainable production and innovative technologies continue to unfold, ensuring the market remains a vital and evolving sector in the global economy.

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

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How is the Palm Oil Market Segmented and what are the key trends of market segmentation?

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

Application

  Edible oil
  Surfactants
  Bio-diesel
  Others


Type

  Conventional
  Organic


Geography

  Europe

    Germany
    UK


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.

Palm oil, a widely used edible oil, holds significant importance in various industries, particularly in Asia. Approximately 45% of global palm oil production is attributed to palm fruit oil, primarily used in food processing due to its lower trans fat content and cost-effectiveness. Palm kernel oil, the other form, accounts for around 25% of the production. The food sector's reliance on palm oil is increasing, with an estimated 67% of its usage in food manufacturing. Moreover, the environmental impact of palm oil production is a growing concern. To address this, initiatives focusing on deforestation monitoring, water use efficiency, extraction rate optimization, and carbon footprint reduction are gaining traction.

The industry is also investing in soil nutrient management, palm oil byproducts utilization, and traceability systems to enhance supply chain transparency. The market's future growth is promising, with an anticipated 20% increase in demand for palm oil byproducts in the next five years. Additionally, there is a rising trend towards sustainable palm oil production, with RSPO certification becoming increasingly common. Oil palm cultivation is also evolving, with the adoption of high-yielding varieties, integrated pest management, and oil palm genetics. In terms of production processes, improvements in palm oil fractionation, fertilizer application techniques, biodiesel production, and irrigation efficiency are essential for maintaining competitiveness.

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The Edible oil segment was valued at USD 54.00 billion in 2019 and showed a gradual increase during the forecast period.

Furthermore, biomass utilization and palm oil refining are being explored to minimize waste and optimize resource utilization. Smallholder farmers are also receiving support to improve their productivity and sustainability through various initiatives. These efforts aim to ensure the long-term viability of the palm oil industry while minimizing its environmental impact.

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Regional Analysis

APAC is estimated to contribute 73% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia Pacific (APAC) region experiences significant growth, driven by the expanding economies of China, Australia, Thailand, South Ko