Global Vegetable Oils Consumption Per Capita by Country, 2024 Discover more data with ReportLinker!

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.

In 2024, the leading country of sunflowerseed oil consumption was the EU-27. That year, domestic consumption of this oil in the EU-27 exceeded *** million metric tons. India, the third largest country in sunflowerseed oil consumption, consumed approximately *** million tons that year. This was a little less than half of what the EU-27 consumed that year.

Turkey Domestic Consumption of Sunflower Seed Oil rose 4.4% in 2020, from a year earlier.

Packed Edible Vegetable Oil Market Outlook

The global packed edible vegetable oil market size was valued at approximately USD 98.5 billion in 2023 and is projected to reach USD 140.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.0% from 2024 to 2032. The growth of the packed edible vegetable oil market is driven by increasing consumer awareness about health benefits, rising disposable incomes, and an expanding food service industry.

The primary growth factor for the packed edible vegetable oil market is the growing awareness among consumers about the health benefits associated with various types of vegetable oils. Oils like olive oil, canola oil, and sunflower oil are rich in essential fatty acids, antioxidants, and vitamins, which play a critical role in managing cholesterol levels and promoting heart health. This shift towards healthier consumption patterns is fostering a significant demand for packed edible vegetable oils. Additionally, the population's rising disposable income in developing regions allows more consumers to afford premium and healthier oil variants, further driving market growth.

Another key driver for market expansion is the rapid growth of the food service industry, including restaurants, cafes, and fast-food chains. These establishments require a constant and reliable supply of high-quality vegetable oils for cooking, frying, and food preparation. The convenience and standardization offered by packed edible vegetable oils make them a preferred choice for food service providers. Moreover, the increasing trend of dining out and the surge in the number of food establishments globally support the heightened demand for packed edible vegetable oils.

The technological advancements in packaging and the introduction of innovative, eco-friendly packaging solutions are also contributing significantly to the market's growth. Manufacturers are focusing on sustainable packaging materials that reduce environmental impact while maintaining the quality and shelf life of the oils. Such advancements not only appeal to environmentally conscious consumers but also help companies to comply with stringent environmental regulations, thereby expanding their market reach.

From a regional perspective, Asia Pacific is the dominant market for packed edible vegetable oils, driven by the large population base, rapid urbanization, and increasing disposable incomes in countries like China, India, and Japan. North America and Europe also hold substantial market shares due to high consumer awareness regarding health and wellness, alongside robust food service industries. Latin America and the Middle East & Africa are emerging markets, with growth prospects buoyed by improving economic conditions and increasing urbanization.

Fortified Edible Oils are gaining traction in the packed edible vegetable oil market as consumers increasingly seek products that offer additional health benefits. These oils are enriched with essential vitamins and minerals, such as vitamins A, D, and E, which are vital for maintaining overall health and well-being. The fortification process enhances the nutritional profile of the oils, making them an attractive option for health-conscious consumers. As awareness about the importance of micronutrients grows, manufacturers are focusing on developing fortified oils to cater to this demand. This trend is particularly prominent in regions with high incidences of vitamin deficiencies, where fortified edible oils can play a crucial role in improving public health outcomes.

Product Type Analysis

Within the packed edible vegetable oil market, the product type segment encompasses various oils such as palm oil, soybean oil, sunflower oil, olive oil, canola oil, and others. Among these, palm oil holds a significant market share due to its extensive use in both household and industrial applications. It is widely used in cooking, frying, and as an ingredient in processed foods, making it a staple in many kitchens globally. The affordability and higher yield of palm oil compared to other vegetable oils make it a popular choice among consumers and manufacturers alike.

Soybean oil is another major segment within this category, known for its versatile applications in food preparation and as a base for margarine and shortening. Its high content of polyunsaturated fats makes it a heart-healthy option, driving its demand in health-conscious markets. The oil's stable supply

Refined Vegetable Oils Market Outlook

The global refined vegetable oils market size was valued at approximately USD 226 billion in 2023 and is projected to reach around USD 354 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The primary growth factor driving this market is the increasing demand for healthier cooking oils coupled with the rising global population and changing dietary preferences.

One of the most significant growth factors for the refined vegetable oils market is the rising consumer awareness regarding the health benefits of using vegetable oils. As consumers become more health-conscious, there is a growing preference for oils that are low in saturated fats and high in unsaturated fats, which are considered healthier. Refined vegetable oils, such as olive oil, sunflower oil, and canola oil, have gained prominence due to their beneficial effects on heart health, weight management, and overall wellness. This trend is anticipated to continue, driving the market growth significantly.

Another crucial growth driver is the expanding food industry globally. Refined vegetable oils are a staple in food preparation, cooking, and baking, making them indispensable in households and the foodservice sector. The increasing number of food processing units and the growing trend of dining out have escalated the demand for refined vegetable oils. Additionally, the rise in disposable income and urbanization have further fueled the consumption of refined vegetable oils, as consumers are willing to spend more on quality food products.

Moreover, the biofuel industry presents a promising growth avenue for the refined vegetable oils market. With the world moving towards sustainable and renewable energy sources, vegetable oils are increasingly being used for biodiesel production. Governments and environmental agencies are promoting the use of biofuels to reduce carbon emissions and dependence on fossil fuels. This has led to an increase in the production and consumption of refined vegetable oils for biofuel applications, contributing to market growth.

From a regional perspective, Asia Pacific holds the largest share in the refined vegetable oils market, driven by the high consumption volume in populous countries like India and China. These countries are not only major consumers but also significant producers of vegetable oils, fostering a self-sustaining market environment. Additionally, the increasing urbanization and rising disposable incomes in this region are augmenting the demand for refined vegetable oils in both the food industry and other applications.

Product Type Analysis

Palm Oil

Palm oil holds a significant share in the refined vegetable oils market due to its widespread use and cost-effectiveness. It is predominantly produced in Southeast Asia, with Indonesia and Malaysia being the largest producers. The versatility of palm oil, which can be used in cooking, food processing, and even in non-food industries like cosmetics and biofuels, makes it a highly sought-after product. Despite concerns regarding its environmental impact, the demand for sustainably sourced palm oil is on the rise, driving innovation and regulatory frameworks aimed at promoting sustainable practices.

The food industry is the largest consumer of palm oil, where it is used for frying and as an ingredient in processed foods. Its high oxidative stability and long shelf life make it a preferred choice in snack foods, margarine, and confectionery. Additionally, palm oil is increasingly being used in the biofuel industry as a feedstock for biodiesel production, providing an alternative to fossil fuels and helping to meet renewable energy targets. This dual application in food and biofuel sectors ensures steady demand and market growth.

Recent advancements in refining technologies have also enhanced the quality of palm oil, reducing the presence of harmful trans fats and making it a healthier option. This has positively impacted consumer perceptions and broadened its market appeal. Furthermore, the development of palm oil derivatives like palm kernel oil and fractionated palm oils provides additional revenue streams and market opportunities.

Sustainability remains a critical issue for the palm oil industry. Initiatives like the Roundtable on Sustainable Palm

Russia had the highest projected production volume of sunflower seeds of any country in the world in the 2024/2025 crop year. During that time period, Russia produced around 6.7 million metric tons of sunflower seeds. Ukraine is also a major producer of sunflower seeds worldwide, with a production volume of around 5.6 million metric tons in 2024/2025. Sunflower seed oil One of the main commodities that can be produced from sunflower seeds is sunflower seed oil, which is a popular cooking oil. In addition to being the world’s leading producer of sunflower seeds, Ukraine also exports the highest volume of sunflower seed oil of any country. In the United States, domestic consumption of sunflower seed oil was at a peak in 2021 at 328 thousand metric tons. Leading types of edible oils in the United States Vegetable oils are a staple in American households and restaurants, used in pan-frying, deep-frying, salad dressings, and more. The edible oil with the highest level of consumption in the United States was soybean oil. Other popular types of vegetable oil among American consumers are canola oil and palm oil. Of all the major edible oil types in the United States, sunflower seed oil is the second to least popular, with a consumption volume higher than only that of peanut oil.

According to Cognitive Market Research, the global Sunflower Seed Oil market size is USD 21521.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 8608.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6456.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4949.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 1076.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 430.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Nusun, or Mid Oleic Sunflower Seed Oil, obtained the highest share in 2023.

Market Dynamics of Sunflower Seed Oil Market

Key Drivers for Sunflower Seed Oil Market

Increasing use of sunflower oil in cosmetics

Sunflower oil is commonly used in cosmetics as a foundation and skin nourishing element. persons are drinking more sunflower oil as a preventative strategy since the number of persons suffering from cholesterol-related diseases has grown. The Sunflower Oil Market has expanded as a result of expanding population, an increase in the number of people suffering from heart conditions, and broad industrial and household use. Because of their high cholesterol levels, more than 65% of people in high-income countries and more than 30% of those in low-income countries are at high risk of developing cardiovascular disease. Because of these factors, sunflower oil consumption has increased over the world.

Sunflower oil fortification to meet the need for healthy products

Consumers are increasingly interested in fortified or nutrient-rich edible oils, driven by health and wellness trends. Sedentary lifestyles among consumers today have resulted in a variety of cardiovascular diseases and obesity. As a result, people are turning to edible oils fortified with essential vitamins and minerals to help their bodies function. According to the World Health Organization (WHO), vitamin A-rich edible oils are safe and effective in industrialized countries. Several Asian and African poor countries are utilizing vegetable oil fortification to treat malnutrition and mineral deficiency. The growing trend of high-value food globally as a result of rapid urbanization and better education levels is predicted to boost market expansion.

Restraint Factor for the Sunflower Seed Oil Market

The availability of substitutes will hinder market growth

The availability of replacement edible oils with similar nutritional qualities, such as olive oil, canola oil, and coconut oil, serves as a market constraint. The manufacturing method is expensive since oils with a high wax concentration, such as sunflower, require additional screening and dewaxing. This raises the whole end-product price, which is higher than for other traditional oils such as soybean, palm, and groundnuts. As a result, its lack of adaptation in a variety of emerging economies is a contributing factor. Several companies are investing in mineral-fortified edible oils and technology to protect the oil's essential nutrients during the manufacturing process. This has piqued consumers' interest in canola and olive oil as alternatives. Olive oil has a higher vitamin K, fatty acid, and mineral content than sunflower oil, which limits market expansion.

Impact of Covid-19 on the Sunflower Seed Oil Market

The COVID-19 pandemic has had a significant influence on the global economy, disrupting supply chain activity around the world. The government's installation of lockdowns and trade barriers has hampered the growth of the sunflower seed and oil business. The stay-at-home customer trend has had a negative impact on the foodservice and HoReCa (Hotel, Restaurant, and Café) industries. The Coronavirus outbreak has resulted in an increase in edible oil costs, which has had a significant impact on majo...

The Middle East and Africa (MEA) vegetable oil market, valued at approximately $X million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 4.31% from 2025 to 2033. This growth is driven by several key factors. Increasing populations across the MEA region are fueling demand for edible oils used in cooking and food processing. The expanding food processing and food service industries further contribute to this demand. Furthermore, the growing use of vegetable oils in biofuel production presents a significant opportunity for market expansion, particularly in countries actively pursuing renewable energy solutions. However, challenges exist, including fluctuations in global commodity prices and potential supply chain disruptions impacting oil availability and pricing. Competition among major players like Cargill, Wilmar International, and regional producers is intense, driving innovation and efficiency improvements within the industry. The market is segmented by product type (palm, soybean, rapeseed, sunflower, olive, and others), application (energy, feed, industrial), and geography (South Africa, UAE, and the rest of MEA), each presenting unique growth prospects and challenges. The South African market, due to its larger population and established agricultural sector, is expected to maintain a dominant share within the MEA region, while the UAE, with its strong import-driven economy, will experience significant growth driven by its robust food and beverage sector. The forecast period (2025-2033) reveals a positive trajectory for the MEA vegetable oil market. While challenges like price volatility and geopolitical factors remain, the long-term outlook suggests a sustained upward trend. Regional differences in consumption patterns, infrastructure development, and government policies will shape individual country market growth. Sustainable sourcing and production practices are also gaining traction, influencing consumer preferences and impacting the production methods of major industry players. Companies are increasingly focusing on supply chain optimization, product diversification, and meeting evolving consumer demands for healthier and sustainably produced oils to maintain their market position. Further research into specific regional segments would provide more granular insights into growth drivers and potential investment opportunities within this dynamic market. Estimating specific regional market values requires further analysis not provided in the initial data. Recent developments include: In 2021, Al Ghurair announced that they are acquiring (EOCD), 'Edible Oil Company LLC' which is a major company in multi-seed, crushing over the regions of the Middle -East. Signing this deal is to expand its resources and business operations over Dubai and other Middle-Eastern countries., In 2021, Archer Daniels Midland Co. announced the deal with Marathon Petroleum Corp. to construct a joint venture for manufacturing soybean oil to supply the speedily increasing demand for renewable diesel fuel. ADM has a deal with MPC in order to cater to the rising demand for soybean oil in the regions of the Middle-East., In 2019, Sime Darby Oils and Abu Dhabi Vegetable Oil Company entered into a strategic partnership to market oils and fats products in the Middle East and North African (MENA) region, where both the companies will operate as a single sales and marketing team.. Notable trends are: Increasing Demand for Fortified Edible Oil.

Sesame Seed Oil Market Outlook

The global sesame seed oil market size was valued at approximately USD 5.25 billion in 2023 and is projected to grow significantly to reach around USD 7.89 billion by 2032, expanding at a compound annual growth rate (CAGR) of 4.5% during the forecast period. This growth is driven by a combination of factors including increasing consumer awareness of the health benefits of sesame seed oil, its rising utilization in various industries such as food and beverages, cosmetics, and pharmaceuticals, coupled with a growing preference for natural and organic products. These aspects are creating a burgeoning demand that is propelling the market forward, making sesame seed oil a versatile and sought-after product globally.

The health benefits associated with sesame seed oil are among the primary growth drivers for this market. Rich in antioxidants and possessing anti-inflammatory properties, sesame seed oil is increasingly being recognized for its potential to improve heart health, control blood pressure, and promote skin health. This has led to its widespread acceptance and use in both culinary and non-culinary applications. Furthermore, the rising trend of health and wellness, particularly in developed countries, has increased the demand for natural oils like sesame seed oil, which is often used as a healthier alternative to other cooking oils. This trend is further bolstered by the increasing awareness and consumption of plant-based and organic products, as more consumers are becoming conscious about the health impacts of their dietary choices.

A key area of growth within the sesame seed oil market is its application in the cosmetics and personal care industry. As consumers increasingly seek out natural and organic ingredients in their personal care products, sesame seed oil is being used extensively in the formulation of skincare and haircare products due to its nourishing and rejuvenating properties. The oil is well-regarded for its ability to penetrate deeply into the skin, providing long-lasting moisture and nutrients, which makes it a valuable ingredient in lotions, creams, and hair conditioners. This burgeoning interest in personal care products that emphasize safety and efficacy without synthetic chemicals is expected to further fuel demand for sesame seed oil over the forecast period.

Another pivotal factor contributing to the market growth is the increasing use of sesame seed oil in the pharmaceutical industry. The oil's therapeutic properties, such as its ability to alleviate joint pain and its use in traditional medicine for its purported ability to boost immune function, have made it a valuable component in the formulation of various medicinal products and health supplements. This has opened new opportunities for pharmaceutical companies seeking to capitalize on the growing demand for alternative medicine and holistic health solutions. Additionally, the pharmaceutical application of sesame seed oil is poised to benefit from ongoing research and development activities aimed at unlocking its full potential in medical treatments.

Regionally, the Asia Pacific currently dominates the sesame seed oil market and is expected to continue its leading position during the forecast period. The region's dominance is largely attributed to the high production and consumption of sesame seeds in countries such as India and China, where the oil is deeply ingrained in culinary traditions. The market in North America and Europe is also witnessing substantial growth, driven by the increasing consumer demand for healthy food alternatives and the expansion of the organic personal care industry. Meanwhile, the Middle East & Africa region is anticipated to experience moderate growth, supported by a growing awareness of the health benefits of sesame seed oil.

Sesame Seed Extract is gaining attention for its potential health benefits and applications across various industries. Extracted from the seeds of the sesame plant, this concentrated form is rich in essential nutrients and bioactive compounds that are believed to offer numerous health advantages. In the realm of skincare, sesame seed extract is valued for its antioxidant properties, which help protect the skin from environmental damage and promote a youthful appearance. Additionally, its anti-inflammatory effects make it a popular ingredient in formulations aimed at soothing irritated skin. Beyond cosmetics, sesame seed extract is also being explored for its potential in dietary supplements, where it may contribute to cardiovascular health and aid i

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Pumpkin Seed Oil Market Outlook

According to our latest research, the global pumpkin seed oil market size reached USD 785 million in 2024, with a steady growth trajectory supported by rising health awareness and expanding applications across various industries. The market is projected to grow at a CAGR of 6.8% during the forecast period, reaching an estimated USD 1,427 million by 2033. This robust growth is primarily driven by increasing consumer preference for natural and plant-based oils, coupled with the surging demand for functional foods and nutraceuticals worldwide.

One of the primary growth factors fueling the pumpkin seed oil market is the increasing consumer awareness regarding the health benefits associated with pumpkin seed oil consumption. Rich in essential fatty acids, antioxidants, vitamins, and minerals, pumpkin seed oil has gained recognition for its potential to support cardiovascular health, improve prostate function, and enhance skin and hair health. The rise in chronic lifestyle diseases and the global trend toward preventive healthcare have accelerated the adoption of pumpkin seed oil as a dietary supplement and functional ingredient in a variety of food and beverage products. Additionally, the growing inclination towards organic and clean-label products has further boosted the demand for virgin and minimally processed pumpkin seed oils in both developed and developing markets.

Another significant driver is the expanding application scope of pumpkin seed oil across diverse industries, including pharmaceuticals, cosmetics, and personal care. In the pharmaceutical sector, pumpkin seed oil is increasingly being incorporated into formulations aimed at managing urinary tract and prostate disorders, owing to its anti-inflammatory and therapeutic properties. The cosmetics and personal care industry has also witnessed a surge in the use of pumpkin seed oil, leveraging its moisturizing and anti-aging benefits for skin and hair care products. These multifaceted applications have not only diversified the market but also attracted new entrants and investments, further propelling market growth.

The evolution of distribution channels has played a pivotal role in the market’s expansion. The proliferation of online retail platforms and specialty health stores has significantly improved consumer access to premium and niche pumpkin seed oil products. E-commerce platforms, in particular, have enabled manufacturers to reach a broader audience, offering a wide range of product variants and facilitating direct-to-consumer sales. This shift in distribution strategy, coupled with aggressive marketing and product innovation, has enabled brands to differentiate themselves and capture larger market shares, especially among urban and health-conscious consumers.

Regionally, Europe continues to dominate the pumpkin seed oil market, accounting for the largest share in 2024, followed closely by North America and Asia Pacific. The presence of established pumpkin seed oil producers in countries such as Austria, Slovenia, and Germany, combined with a well-informed consumer base, has solidified Europe’s leadership position. Meanwhile, the Asia Pacific region is witnessing the fastest growth, driven by rising disposable incomes, urbanization, and increasing health awareness among consumers. North America remains a key market, supported by the growing popularity of plant-based diets and functional foods.

Product Type Analysis

The pumpkin seed oil market is segmented by product type into Virgin Pumpkin Seed Oil, Refined Pumpkin Seed Oil, and Blended Pumpkin Seed Oil. Virgin pumpkin seed oil, extracted through cold-press methods without chemical processing, is highly valued for its nutritional profile and rich, nutty flavor. This segment has gained substantial traction among health-conscious consumers and culinary professionals seeking premium quality and authentic taste. The demand for virgin pumpkin seed oil is further bolstered by the organic and clean-label movement, with consumers increas

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Asia-Pacific's vegetable oils market is forecast to grow at a CAGR of +1.3% in volume and +1.6% in value through 2035, driven by rising demand. The report covers key trends in consumption, production, trade, and prices for major countries like China, Malaysia, and Indonesia.

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India consumed close to *** million metric tons of sunflower seed oil in marketing year 2024/2025. This was a decrease compared to the previous fiscal year. The south Asian country was the largest importer of this oil variety worldwide.

Global refined cotton-seed oil market forecast: Consumption to reach 5.4M tons by 2035 with a +1.0% CAGR. Market value projected at $10.1B by 2035 (+2.0% CAGR). Analysis of top consuming countries, production, imports, and exports.

Strawberry Seed Oil Market Outlook

According to our latest research, the Global Strawberry Seed Oil market size was valued at $132.4 million in 2024 and is projected to reach $267.8 million by 2033, expanding at a CAGR of 8.2% during 2024–2033. One of the major factors fueling this impressive growth is the increasing consumer awareness regarding the nutritional and cosmetic benefits of strawberry seed oil, particularly its high content of antioxidants, essential fatty acids, and vitamins. This surge in demand is being further propelled by the clean beauty movement, which prioritizes natural and organic ingredients in personal care and wellness products. As brands and manufacturers increasingly incorporate strawberry seed oil into their formulations, its market penetration is set to deepen across both mature and emerging economies, making it a key ingredient in the global natural oils sector.

Regional Outlook

Europe currently dominates the global strawberry seed oil market, holding the largest share of approximately 38% in 2024. This dominance is attributed to the region's mature cosmetics and personal care industry, which is renowned for its early adoption of natural and organic ingredients. Regulatory frameworks such as the EU Cosmetics Regulation have played a pivotal role in encouraging the use of safe, plant-based oils like strawberry seed oil. Additionally, consumer preferences in Western Europe, particularly in countries like Germany, France, and the UK, are increasingly shifting towards sustainable and eco-friendly products. This cultural inclination, combined with a robust retail infrastructure and widespread access to specialty stores, has created a fertile ground for the expansion of strawberry seed oil across both B2B and B2C channels in the region.

The Asia Pacific region is projected to be the fastest-growing market for strawberry seed oil, with a forecasted CAGR of 10.4% from 2024 to 2033. This accelerated growth is primarily driven by rising disposable incomes, urbanization, and growing health consciousness among consumers in countries such as China, Japan, South Korea, and India. The burgeoning beauty and personal care sector, coupled with a strong tradition of herbal and natural remedies, is driving the adoption of strawberry seed oil in various skincare and wellness products. Additionally, the rapid expansion of online retail and e-commerce platforms has made premium and organic oils more accessible to a broader demographic. Strategic investments by local and international players in product innovation and marketing are further catalyzing the market’s growth trajectory in this region.

Emerging economies in Latin America and the Middle East & Africa are witnessing a gradual but steady uptake of strawberry seed oil, albeit from a smaller base. Challenges such as limited consumer awareness, supply chain constraints, and regulatory hurdles continue to impede rapid adoption. However, localized demand is being driven by a growing middle class, increasing interest in natural health products, and gradual policy reforms aimed at supporting the import and distribution of specialty oils. Governments and industry stakeholders are beginning to recognize the potential of strawberry seed oil in enhancing local agricultural value chains and promoting health-centric consumption patterns. As infrastructural and regulatory barriers are addressed, these regions are expected to contribute more significantly to the global market in the coming years.

Report Scope

Oils & Fats Market Outlook

The global oils & fats market size was valued at USD 247 billion in 2023 and is expected to reach approximately USD 352 billion by 2032, growing at a robust CAGR of 4.1% over the forecast period. The substantial growth of this market is primarily driven by the rising demand for processed foods, increasing consumption of convenience foods, and the expanding foodservice industry. The market is also influenced by the growing awareness regarding the health benefits of various types of oils, such as olive oil and coconut oil, which are rich in essential fatty acids and antioxidants.

The demand for oils and fats is significantly influenced by the burgeoning food and beverage industry, especially in emerging economies. The rising disposable income and changing dietary habits of consumers in these regions have led to increased consumption of processed and convenience foods, which in turn drives the demand for oils and fats. Additionally, the growing trend of eating out and the expansion of the foodservice industry further propel the market growth. The increasing popularity of plant-based diets and veganism is also contributing to the demand for plant-based oils, such as olive oil, sunflower oil, and avocado oil, thereby supporting market expansion.

Health consciousness among consumers is another critical factor driving the oils & fats market. With a growing focus on health and wellness, consumers are increasingly opting for oils that offer health benefits, such as high levels of omega-3 fatty acids and antioxidants. This shift in consumer preference towards healthier options has led to the increased production and consumption of oils like olive oil, flaxseed oil, and coconut oil. Moreover, the growing awareness about the adverse health effects of trans fats has resulted in a decline in the consumption of partially hydrogenated oils, pushing the industry to innovate and develop healthier alternatives.

The industrial application of oils and fats, particularly in the production of biodiesel, is another growth driver for the market. Biodiesel, which is derived from vegetable oils and animal fats, is gaining traction as a sustainable and eco-friendly alternative to conventional diesel. With increasing environmental concerns and stringent regulations regarding carbon emissions, the demand for biodiesel is expected to rise, positively impacting the oils & fats market. Furthermore, the utilization of oils and fats in various industrial applications, such as lubricants, soaps, and cosmetics, also contributes to market growth.

From a regional perspective, Asia Pacific is expected to dominate the oils & fats market due to the high consumption of edible oils in countries like China and India. The region's growing population, rising disposable incomes, and changing dietary habits are key factors driving the demand for oils and fats. North America and Europe are also significant markets, primarily due to the high demand for healthy and specialty oils. The rising awareness about the health benefits of various oils and the growing trend of plant-based diets in these regions are significant growth drivers. Meanwhile, the Middle East & Africa and Latin America are emerging markets with substantial growth potential, driven by increasing urbanization and industrialization.

Product Type Analysis

The oils & fats market is segmented into various product types, including vegetable oils, animal fats, specialty fats, and others. Vegetable oils hold the largest market share due to their extensive use in cooking, food processing, and industrial applications. Popular vegetable oils such as palm oil, soybean oil, and canola oil are widely used due to their cost-effectiveness and versatility. The rising demand for healthier vegetable oils, such as olive oil and avocado oil, which are rich in monounsaturated fats and antioxidants, is further driving the growth of this segment.

Animal fats, although seeing a decline in consumption due to health concerns, still hold a significant market share. These fats, including lard and tallow, are used in various culinary applications and industrial processes. Despite the growing preference for plant-based oils, animal fats are still prevalent in certain traditional cuisines and industrial applications due to their unique properties. The specialty fats segment, which includes products such as cocoa butter alternatives and margarine, is witnessing growth due to the increasing demand for confectionery and bakery products. The innovations in fat modification techniques to produce trans-fat-free and low-saturate

In the 2024/2025 crop year, soybeans were the leading type of oilseed in the world. That year, just over 420 million metric tons of soybeans were forecast to be produced worldwide. Vegetable oil production Though soybeans are the most produced type of oilseed, the world’s leading vegetable oil is palm oil. In 2021/2022, about 73.83 million metric tons of palm oil was produced worldwide. In comparison, the production volume of soybean oil amounted to around 59.26 million metric tons in that year. Indonesia and Malaysia export the two largest volumes of palm oil of any country worldwide. Consumption of vegetable oils in the United States In the United States, soybean oil is the most consumed type of edible oil by volume. Canola oil came in second place, followed by palm oil. While soybean oil has been very popular in the United States for many years, palm oil was not widely consumed until after 2007. To put this in perspective, in 2000 only 175 thousand metric tons of palm oil were consumed in the United States. Seven years later this figure had increased to nearly one million metric tons.