In the marketing year 2025, ******** was the most used cooking oil in India, with its domestic consumption surpassing ************* metric tons. It was followed by soybean and rapeseed oils, with their respective consumption volumes reaching *** and *** million metric tons. Production of edible oils India produces a wide range of edible oils like palm, soybean, mustard, sunflower, and groundnut, that match its diverse food cultures and agricultural practices. Mustard oil is popular in the northern and eastern regions, while the southern part of India prefers coconut oil. Additionally, the country is also seeing an increase in soybean oil production, catering to both domestic needs and increasing demand from the international market. Import of edible oils India's reliance on imported edible oils is a crucial aspect of its food economy, driven by the gap between domestic production and consumption demands. The country is one of the largest importers of edible oils globally, importing over ** million metric tons, with palm and soybean oils constituting the bulk of imports. Indonesia and Malaysia emerged as the top exporters of edible oil to India in the financial year 2023. The country also plans to continue importing edible oils at lower duty rates until 2025, to keep the food inflation in check.

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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 consumed over ** million metric tons of vegetable oils in marketing year 2024/2025. These included oil from coconuts, cottonseeds, olives, palm, peanuts, rapeseed, soybeans, and sunflowers. The worldwide consumption that year was over *** million metric tons.

The Vegetable Oil Market size was valued at USD 384.89 Million in 2023 and is projected to reach USD 637.31 Million by 2032, exhibiting a CAGR of 7.47 % during the forecast periods. Recent developments include: In July 2022, Eni Kenya B.V. completed the construction of the oilseed collection and pressing plant (agri-hub) in Makueni, Kenya, and started production of the first vegetable oil for bio-refineries. According to the company, the first agri-hub would have an installed capacity of 15,000 tons with an expected output of 2,500 tons in 2022., In June 2022, Freedom Refined Sunflower Oil, Gemini Edibles & Fats India (GEF India) announced plans to expand into other States, including Tamil Nadu and Kerala. The business asserted that it is considering strategic expansion and plans to enter Tamil Nadu and Kerala, with a strong demand for sunflower oil, in the coming years., In February 2021, Bunge Loders Croklaan expanded its oils and fats portfolio to meet the organic demand in Europe, offering a steady and scalable supply of organic oils and fats, including sunflower, rapeseed, soy, palm, shea, and coconut., In 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.. Key drivers for this market are: Increasing Demand For Convenience & Processed Food. Potential restraints include: Increased Consumer Awareness On Side-Effects Of Chemical Additives. Notable trends are: Increasing Demand For Fortified Vegetable Oils.

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

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. 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 .

In fiscal year 2023, Andhra Pradesh, the southern state of India was the leading producer of crude palm oil with production volume of around 326 thousand metric tons. In comparison, the coastal state Goa had a production volume of 318 metric tons during the same year.

USD 449.56 Million in 2024; projected USD 934.64 Million by 2033; CAGR 8.39%.

The volume in the 'Edible Oils' segment of the food market in India was modeled to stand at ************ kilograms in 2024. Between 2018 and 2024, the volume rose by *********** kilograms, though the increase followed an uneven trajectory rather than a consistent upward trend. The volume will steadily rise by *********** kilograms over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Edible Oils.

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

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

Semi-Annual Industry Update

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

Country-wise Analysis

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

Segment-wise Analysis

Segment	Value Share (2025)
Olive oil	28%

Segment	Value Share (2025)
Online Retail Stores	35%

Competitive Outlook

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

India’s edible oil market is estimated at INR 5,19,905 Crore by the year FY 2027-28, with the unorganized oil market showing a decline in the market share.

To be Updated.......................................................... ............. ........... - India Edible Oil | Ken Research

USD 18.83 Billion in 2024; projected USD 35.56 Billion by 2033; CAGR 7.33%.

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 revenue in the 'Edible Oils' segment of the food market in India was modeled to stand at ************* U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************ U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************* U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Edible Oils.

The Asia-Pacific Vegetable Oils market is poised for robust expansion, projected to reach an estimated USD 95,673 million in 2025, growing at a Compound Annual Growth Rate (CAGR) of 6.19% through 2033. This significant growth is underpinned by a confluence of powerful drivers, most notably the burgeoning demand for healthier food options and the escalating consumption of processed foods across the region. As populations in countries like India and China continue to expand and disposable incomes rise, so too does the appetite for diversified culinary ingredients, with vegetable oils forming a fundamental component. Furthermore, the increasing use of vegetable oils in animal feed formulations to enhance livestock health and productivity is contributing substantially to market momentum. The industrial applications, though currently smaller, are also showing promising growth, driven by the development of bio-based products and lubricants. Navigating this dynamic landscape are key players such as Wilmar International Limited, Nisshin Oillio Group Ltd, and COFCO, actively shaping market strategies. While segments like Palm Oil and Soybean Oil continue to dominate due to their widespread use and cost-effectiveness, there's a discernible trend towards diversification. Rapeseed oil and Sunflower oil are gaining traction owing to their perceived health benefits and versatility. Geographically, China and India represent the largest and fastest-growing markets, driven by their vast populations and evolving dietary habits. However, challenges such as fluctuating raw material prices and increasing concerns regarding the sustainability of certain oil crops, particularly palm oil, necessitate strategic adaptation from market participants. The forecast period indicates a sustained upward trajectory, reflecting the essential role vegetable oils play in the region's food security and industrial development. Key drivers for this market are: Growing Demand for Cocoa Butter Equivalents Among Food Manufacturers, Rising Application in Food Industry. Potential restraints include: Health Concerns Pertaining to the Excessive Consumption of Fats and Oils. Notable trends are: Growing Consumption of Sunflower Oil.

The size of the India Palm 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 5.0 % during the forecast period. India is one of the largest importers of palm oil in the world, primarily sourced from countries like Indonesia and Malaysia. Palm oil is a highly versatile vegetable oil derived from the fruit of the oil palm tree and is used in a wide range of products, including cooking oil, processed foods, cosmetics, and biofuels. Palm oil is one of the most used ingredients in the food industry in India because it is inexpensive and has a long shelf life. The demand for palm oil in India has been growing rapidly, driven by population growth, urbanization, and increasing consumer preferences for processed foods. However, the large-scale import of palm oil has raised concerns about its environmental impact, particularly related to deforestation and habitat loss in palm oil-producing countries. Addressing these issues has been an on-going call for more sustainable and traceable sources of palm oil, and in this regard, India has also increasingly supported RSPO certification. Recent developments include: In May 2023, Godrej Agrovet's Oil Palm Business launched a finance offering for oil palm farmers in partnership with the State Bank of India (SBI). The product will enable farmers to obtain loans for micro irrigation facilities, fencing, and tube well improvements at their farms. , In April 2023, Baba Ramdev’s Patanjali Foods Ltd ( Ruchi Soya) pumped an investment of over USD 122 million for setting up integrated palm oil processing facilities in Telangana over the next four years. , In July 2022, The Malaysian Palm Oil Council and the Indian Vegetable Oil Producers' Association signed a memorandum of understanding (MoU) to promote palm oil usage. The MoU aims to increase collaboration in shared interests and advance Malaysian palm oil production and consumption, promoting the interests of producers, processors, users, and consumers. .

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).

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. Recent developments include: March 2022: Alfa Laval acquired Desmet, a well-known player in the engineering and supply of processing facilities and technologies for the edible oil and biofuel sectors. Desmet was a division of the Desmet Ballestra Group. The acquisition strengthened Alfa Laval's position in the field of renewable energy and helped the company expand its range of edible oils., November 2021: Cargill acquired an edible oil refinery located in Nellore in Andhra Pradesh. Cargill's investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand., November 2021: To build the new facility in the HoogTij industrial district of the Port of Amsterdam, Bunge announced its plans to invest more than EUR 300 million (USD 343 million) for the expansion project. According to the company, it was a crucial step in leveraging Bunge's asset footprint in Europe and was expected to help the company achieve more operational flexibility and efficiency. With the help of the new facility, the company aims to offer a wider range of cutting-edge culinary oils and fats made from sustainably harvested plants, better positioning its brand to satisfy growing consumer demand.. Key drivers for this market are: Rising Incidence of Obesity and Cadiovascular Diseases, Growing Trend of Veganism Drives the Market. Potential restraints include: Associated Allergies With Plant Proteins. Notable trends are: Palm Oil Emerges as the Most Consumed Oil.

The retail sales value for packaged edible oils across India amounted to **** billion U.S. dollars in 2022. There was a consistent increase in the value of sales for this sector from 2014 in this food segment till 2019. However, 2020 marks the first decrease.