Europe's Edible Oils Fats Market will be USD 137791.35 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033. Expanding biodiesel industry, and is expected to aid the sales to USD 220423.5 million by 2033.

The Europe Fats and Oil Market Report is Segmented by Product Type (Fats and Oils), Application (Food, Industrial, and Animal Feed), Source (Plant-Based and Animal-Based), and Geography (United Kingdom, Germany, France, Italy, Spain, and More). The Market Forecasts are Provided in Terms of Value (USD).

The European fat and oil market, valued at approximately €XX million in 2025, is projected to experience steady growth, driven by several key factors. The increasing demand for processed foods, particularly confectionery, bakery items, and dairy products across the region, fuels the consumption of fats and oils as crucial ingredients. Further propelling market expansion is the growing popularity of convenient and ready-to-eat meals, which often incorporate these ingredients. While the market is segmented by type (fats like butter and specialty fats, and oils like soybean and palm oil) and application (food, industrial, and animal feed), the food sector dominates, accounting for the largest market share. Specific trends within the market include a rising preference for healthier options, such as sustainably sourced palm oil and oils with high oleic acid content, alongside increased demand for specialized fats with specific functional properties in food applications. However, factors like fluctuating raw material prices and increasing health consciousness (leading to consumers opting for reduced fat options) pose challenges to market growth. The competitive landscape is marked by the presence of global giants such as AAK, Cargill, and Bunge, alongside several regional players. These companies are engaged in strategic initiatives including mergers and acquisitions, new product development, and expansion into new markets to enhance their position. The projected CAGR of 3.35% indicates a consistent, if moderate, expansion of the European fat and oil market through 2033. Germany, the United Kingdom, and France are expected to remain the key markets within Europe due to their larger populations and established food processing industries. However, growth is expected across other regions within Europe, particularly driven by increasing disposable incomes and changing dietary preferences. Competition will intensify as companies focus on innovation and sustainable sourcing practices to attract consumers and maintain profitability. The market's future growth will likely depend on consumer trends, regulatory changes surrounding food labeling and sustainability, and the successful navigation of global economic fluctuations affecting raw material costs. Further analysis should delve into specific regional breakdowns, competitive dynamics within each segment, and the impact of emerging technologies on production and processing methods. Notable trends are: Cocoa Butter Equivalents are Gaining Market Share.

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Edible Oil Market Size 2025-2029

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

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

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

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

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

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

How is this Edible Oil Industry segmented?

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

End-user

  Retail
  Food service
  Food processor


Packaging

  Pouches
  Bottles
  Jars
  Cans


Type

  Palm oil
  Soybean oil
  Sunflower oil
  Mustard oil
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

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

Edible Oils and Fats Market Outlook

The global edible oils and fats market size was estimated at approximately USD 115 billion in 2023, and it is projected to reach USD 173 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period. This growth is primarily driven by the increasing demand for healthier cooking oils, rising awareness about dietary fats, and the expansion of food processing industries across the globe. As consumers become more health-conscious, there is a growing preference for oils that are low in saturated fats and enriched with omega-3 and omega-6 fatty acids, propelling the market forward.

One of the key growth factors in the edible oils and fats market is the rising consumer awareness regarding the health benefits associated with certain types of oils, such as olive and sunflower oil. These oils are rich in monounsaturated and polyunsaturated fats, which are known to support cardiovascular health. The increasing incidence of lifestyle-related diseases like obesity and heart disease has led consumers to seek healthier alternatives in their diets, thereby boosting the demand for premium oils. Additionally, the trend towards organic and non-GMO products is gaining traction, offering new avenues for market growth as manufacturers develop oils that meet these consumer preferences.

The growth of the food processing industry, particularly in emerging economies, is another significant factor contributing to market expansion. As urbanization continues and disposable incomes rise, there is a growing demand for processed and convenience foods, which in turn drives the consumption of edible oils and fats. These ingredients are crucial in food manufacturing processes, used in everything from baking to frying. Emerging markets in Asia Pacific and Latin America are witnessing robust growth in food processing sectors, further propelling the demand for edible oils and fats. Moreover, the expanding fast-food industry, which heavily relies on edible oils, is also a major driver of market growth.

Technological advancements in oil extraction and production processes are enhancing the quality and shelf life of edible oils and fats, thereby fueling market growth. Innovative processing techniques, such as cold pressing and refining, have improved the nutritional profile and taste of oils, making them more attractive to consumers. Moreover, sustainability is becoming a key focus area, with companies investing in eco-friendly packaging and waste reduction practices. These technological innovations not only cater to the environmentally conscious consumer but also help manufacturers reduce costs and enhance supply chain efficiency.

The role of Fats & Oils in the global food industry cannot be overstated. These components are not only essential for providing flavor and texture to food products but also play a crucial role in nutritional balance. Fats & Oils are vital for the absorption of fat-soluble vitamins and are a significant source of essential fatty acids, which the body cannot synthesize on its own. As the market evolves, there is a growing emphasis on the development of healthier fats and oils that cater to the dietary needs of modern consumers. This includes the production of oils with reduced levels of trans fats and the enhancement of nutritional profiles through fortification with omega fatty acids. The increasing consumer awareness about the health implications of different types of fats is driving innovation and diversification in this segment, leading to a more informed and health-conscious market.

The regional outlook for the edible oils and fats market indicates significant opportunities across diverse geographies. North America and Europe, with their mature markets, showcase a steady demand driven by health-conscious consumers and technological advancements in production processes. Conversely, the Asia Pacific region is anticipated to experience the highest growth rate due to its large population base, increasing disposable incomes, and burgeoning food processing industries. Countries like India and China are leading the charge in this region, with rising demand for both traditional and Western-style edible oils. Furthermore, the Middle East & Africa and Latin America are expected to witness moderate growth, as these regions gradually shift towards more processed and packaged foods.

Product Type Analysis

The edible oils and fats market is segmented into various product types, with vegetable oils

The global edible oils and fats market is a substantial and dynamic sector, exhibiting consistent growth driven by several key factors. Rising global population, increasing urbanization, and shifting dietary habits towards more processed foods are major contributors to this expansion. The preference for convenient and ready-to-eat meals fuels demand for packaged foods, many of which rely heavily on edible oils and fats as crucial ingredients. Furthermore, the expanding food processing and restaurant industries, particularly in developing economies, are significantly boosting consumption. While vegetable-based oils dominate the market due to health consciousness and relatively lower cost, animal-based fats retain a significant niche, especially in regions with strong traditional culinary practices. Market segmentation reveals a robust household sector alongside a growing commercial segment, with the latter fueled by the increasing demand from the food service industry. Key players in this market include multinational corporations like Wilmar and Bunge, along with regional giants like Anadolu Group and Ruchi. These companies are actively involved in research and development, focusing on innovations to meet changing consumer preferences, such as healthier oils with enhanced nutritional profiles or those tailored to specific dietary needs. However, the market faces challenges. Fluctuations in commodity prices, especially for key raw materials like palm oil and soybeans, create volatility and impact profitability. Growing health awareness also presents a double-edged sword; while it drives demand for healthier oils, it simultaneously puts pressure on producers to reduce saturated fat content and develop alternatives. Furthermore, stringent regulations regarding food safety and labeling in various regions pose compliance challenges for producers. Competition is fierce, with established players facing pressure from emerging brands and regional producers. Sustaining growth necessitates strategic investments in research, sustainable sourcing, and efficient supply chains to navigate these complexities and capitalize on the expanding market opportunities. Geographical growth is uneven, with Asia-Pacific and particularly India and China expected to witness substantial expansion due to their burgeoning populations and rising disposable incomes.

According to Cognitive Market Research, the global Edible Oils Fats Market size will be USD 475142.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 175802.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 137791.35 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 114034.22 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 18055.42 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 19005.70 million in 2025. and will grow at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 10453.14 million in 2025. and will grow at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2033.
Spreadable Oils and Fats category is the fastest growing segment of the Edible Oils Fats Market

Market Dynamics of Edible Oils Fats Market

Key Drivers for Edible Oils Fats Market

Rising Consumer Awareness About the Health to Boost Market Growth

The market for edible oils and fats is expanding due in large part to rising health consciousness. Owing to their heart-healthy qualities and high concentration of omega-3, omega-6, and antioxidants, consumers are choosing healthier substitutes like olive oil, avocado oil, and canola oil more and more. The use of cold-pressed, organic, and minimally processed oils has replaced trans fats and hydrogenated oils due to growing worries about obesity, heart disease, and cholesterol levels. Additionally, there is a growing need for functional and fortified oils that are enhanced with vital elements and vitamins. It is anticipated that the edible oils and fats market will continue to grow steadily on a worldwide scale as health-conscious lifestyles continue to influence dietary choices.

Expanding Food Processing Industry to Boost Market Growth

The market for edible oils and fats is growing mostly due to the burgeoning food processing industry. The need for premium cooking oils and fats in bakeries, confections, snacks, and ready-to-eat meals is rising along with the global demand for processed and convenience foods. Restaurants, fast-food franchises, and producers of packaged foods depend on oils such as palm, soybean, and sunflower for baking, frying, and flavouring. Speciality oils are also being used for better texture and shelf life thanks to technical developments in food processing. The expanding food processing industry will continue to drive the global demand for edible oils and fats due to fast urbanization and shifting dietary preferences.

Restraint Factor for the Edible Oils Fats Market

Volatility in Raw Material Prices Will Limit Market Growth

The market for edible oils and fats is significantly constrained by price volatility for raw materials. Climate change, geopolitical conflicts, supply chain disruptions, and shifting trade policies all contribute to price fluctuations for important oilseeds like soybean, palm, sunflower, and rapeseed. Crop yields are impacted by extreme weather events like droughts and floods, which cause shortages in supply and price increases. Further contributing to market instability are export limits, tariffs, and government interventions in major producing nations. These variations affect profitability and raise manufacturing costs, making it challenging for companies to keep prices steady. Consequently, price-conscious buyers would switch to less expensive options, which would hinder market expansion as a whole.

Market Trends in Edible Oils Fats Market

Rising Demand for Healthier Oils

The market for edible oils and fats is expanding due in large part to the growing desire for healthier oils. As consumers become more conscious of obesity, cardiovascular health, and nutritional well-being, they are choosing heart-healthy, low-cholesterol, and trans-f...

Health-consciousness and sustainability have established themselves as increasingly critical pillars shaping the European Vegetable and Animal Oil and Fat Production industry. Oil and fat processors have been challenged with adapting to EU regulations favouring sustainable farming and production practices. Consumers' swelling health consciousness has also influenced product development and diversification. These shifts, coupled with sticky inflation, have curbed oil and fat sales. Over the five years through 2025, revenue is expected to climb at a compound annual rate of 6%, including a projected slump of 1.4% in 2025, to reach €112.4 billion. Unprecedented growth was achieved over the two years through 2022, propelled by record-high prices for staples like palm, rapeseed and sunflower oils amid global supply chain bottlenecks and the fallout from Russia’s invasion of Ukraine. Established producers, particularly those vertically integrated, like ADM, Wilmar and Cargill, seized on these market conditions to boost profit, despite only modest changes in production volumes. In response to a surge in biodiesel imports from China, Europe's biodiesel industry (a major market for oil and fat producers) navigated plummeting prices for advanced biodiesel, curbing their demand for vegetable and animal oils. Still, biofuel demand is expanding in Europe as green policies strengthen and environmental consciousness expands. Health and sustainability trends partially cushioned the blow, as olive and rapeseed oils benefited from growing demand among health-conscious consumers and plant-based food manufacturers. Regulatory tailwinds, like the EU’s ramped-up biofuel targets and deforestation-free mandates, are set to foster greater demand for domestically sourced and traceable oils, particularly rapeseed and sunflower, as palm oil faces mounting restrictions. Organic and sustainable oils are on a robust growth trajectory, which will be supported by both consumer demand and evolving standards, with producers investing in biotech, alternative fats and certification to win market share. While stricter environmental measures could inflate input costs and restructure supply chains, they’ll likely spur innovation and competitive repositioning. Producers who can adapt, through diversification, sustainability and collaborative ties with major buyers, will outperform, while those slow to embrace change risk falling behind in an increasingly regulated and differentiated European oils landscape. Over the five years through 2030, revenue is forecast to mount at a compound annual rate of 4.1%, to €137.4 billion.

The global edible oil and fats market is experiencing robust growth, driven by rising global populations, increasing disposable incomes, and shifting dietary habits towards more processed foods. The market, valued at approximately $350 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market size of $500 billion by 2033. This growth is fueled by several key factors, including the expanding demand for convenience foods, the increasing popularity of cooking oils with health benefits (such as olive oil and coconut oil), and the growing use of edible fats in various food processing applications. Significant regional variations exist, with Asia-Pacific (particularly China and India) and North America representing major market segments. However, increasing health consciousness is driving a shift towards healthier oils and a greater awareness of sustainable sourcing practices, presenting both challenges and opportunities for market players. The market's segmentation reveals a diverse landscape. Soybean oil maintains its dominant position due to its affordability and widespread use, while the demand for premium oils like olive and coconut oil continues to climb due to their perceived health benefits. Online channels are rapidly gaining traction, particularly in developed economies, offering increased convenience to consumers. Major players like Cargill, Wilmar International, Archer Daniels Midland, and International Foodstuff are strategically positioning themselves to capitalize on these trends through innovation, expansion, and mergers and acquisitions. Nevertheless, fluctuating commodity prices, concerns about sustainability and ethical sourcing, and potential trade restrictions pose significant challenges to consistent market growth.

The global Edible Oil And Fats market is valued at million in 2023, and is projected to reach million by 2033, growing at a CAGR of % during the forecast period. The growth of the market is attributed to the increasing demand for edible oils and fats in food processing, rising disposable incomes, and growing population. Furthermore, the rising awareness about the health benefits of edible oils and fats is also driving the market growth. The edible oil and fats market is segmented into application, type, and region. The application segment includes food processing, household cooking, and industrial use. The type segment is further bifurcated into vegetable oils, animal fats, and others. The region segment is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is the largest market for edible oils and fats, followed by Europe and Asia Pacific. The Asia Pacific region is expected to witness the highest growth rate during the forecast period.

Edible Oil Market Outlook

According to our latest research, the global edible oil market size reached USD 234.1 billion in 2024, and is projected to grow at a CAGR of 5.1% from 2025 to 2033. By the end of 2033, the market is expected to attain a value of approximately USD 366.5 billion. This robust growth is primarily driven by rising health awareness, changing dietary habits, and increased demand for processed foods across emerging and developed economies. As per our latest findings, the edible oil market is witnessing significant transformation due to technological advancements in oil extraction and refining, as well as a growing focus on sustainability and traceability.

One of the primary growth factors for the edible oil market is the escalating global population, particularly in developing regions such as Asia Pacific and Africa. As populations expand, there is a corresponding surge in food consumption, especially staple foods that require edible oils for preparation. Urbanization has played a pivotal role in altering dietary patterns, leading to increased consumption of processed and convenience foods, which are major end-users of edible oils. Furthermore, rising disposable incomes have empowered consumers to opt for higher-quality oils, including premium and specialty oils such as olive and canola oil, which are perceived as healthier alternatives. This shift has created fresh opportunities for manufacturers to diversify their product portfolios and cater to evolving consumer preferences.

Health consciousness among consumers is another significant driver propelling the edible oil market's growth. With the rising prevalence of lifestyle-related diseases such as obesity, diabetes, and cardiovascular conditions, consumers are increasingly seeking healthier cooking oil options. This trend has led to the growing adoption of oils with low saturated fat content and high levels of unsaturated fatty acids, such as olive oil and canola oil. Product innovation, including the fortification of edible oils with vitamins and antioxidants, has further stimulated market expansion. Additionally, the promotion of non-GMO and organic edible oils is gaining traction, particularly in North America and Europe, where consumers are more aware of the health and environmental impacts of their food choices.

The edible oil market is also being shaped by technological advancements and sustainability initiatives. Innovations in oilseed processing, extraction, and refining techniques have enhanced oil yields and improved product quality, making edible oils more accessible and affordable. The industry is witnessing a shift towards sustainable sourcing and production practices, driven by both regulatory pressures and consumer demand for eco-friendly products. Companies are investing in traceability systems, sustainable palm oil certifications, and environmentally responsible packaging to strengthen their market position and appeal to ethically conscious consumers. These efforts are not only enhancing brand reputation but also ensuring long-term viability in an increasingly competitive marketplace.

Regionally, the Asia Pacific dominates the edible oil market, accounting for the largest share due to high consumption levels in countries like China, India, and Indonesia. The region's rapid urbanization, expanding middle class, and changing dietary habits are fueling demand for a diverse range of edible oils. North America and Europe are also significant markets, characterized by strong demand for premium and specialty oils, as well as a focus on health and sustainability. Meanwhile, Latin America and the Middle East & Africa are emerging as high-potential regions, supported by population growth, rising incomes, and increasing awareness of healthier dietary practices. Overall, the global edible oil market is poised for sustained growth, underpinned by demographic trends, technological innovation, and evolving consumer preferences.

Type Analysis

The edible oil market is segmented by type into palm oil, soy

Snapshot img { margin: 10px !important; } Market outlook of the oils and fats marketTechnavio’s market research analyst predicts the oils and fats market to reach a market value of around USD 170 billion by the end of 2019. The growing usage of high-quality edible oils is driving the growth of this market. Cold pressed oils are high-quality oils as these are pressed at a lower temperature that preserves the flavor and characteristics of the oil. Olive oil is considered as the healthiest oil due to the presence of a high level of monounsaturated fats in it. According to the US International Trade Commission’s Report during 2013 on olive oil, the consumption of olive oil in the US has increased by over 650% during the last three decades.The adverse effects due to excess consumption of oils and fats are expected to pose challenges to the market growth during the forecast period. Most of the oils are high in Omega-6 polyunsaturated fatty acids. These acids if consumed in high quantity result in such as arthritis, cancer, cardiovascular diseases, and diabetes.Product segmentation and analysis of - oils, solid fatsOils accounted for nearly 63% of the market share during 2014 and is expected to maintain its dominance until the end of 2019. This segment is further classified as cooking spray, corn oil, olive oil, sunflower oil, vegetable oil, and other edible oils. The growing consumer awareness regarding the health benefits of cooking oils is expected to drive the growth fo this segment by the end of the forecast period.The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -Oils Solid fatsSegmentation by distribution channel and analysis of - food specialists, convenience stores, hypermarketsHypermarkets and supermarkets Convenience stores Food specialistsHypermarkets and supermarkets accounted for 61% of the market share during 2014. The value for money and wide choice provided by these stores make them a popular channel among consumers.Geographical segmentation and analysis of the oils and fats marketAmericas APAC Eastern Europe MEA Western EuropeAPAC accounted for 45% of the market share during 2014 and is predicted to retain its leadership until the end of 2019. China and India are the prime contributors to the production of sunflower and soybean oil in this region. The report predicts the market to reach a market value of around USD 89 billion by the end of 2019.Competitive landscape and key vendors - Bunge, CHS, Unilever, WilmarThe global oils and fats market is fragmented with numerous vendors, including international and regional players. Vendors compete on the basis of product differentiation, portfolio, and pricing. The market is dominated by six key vendors who have a worldwide presence and have strong brand images for their products in the market.The leading vendors in the market are -Associated British Foods Bunge CHS Land O'Lakes Unilever WilmarOther vendors in the market include Archer Daniels Midland, Arla, Agropur cooperative, Brf Brasil Foods, Behshahr Industrial, Britannia, Cargill, Carapelli Firenze, China National Cereals, COFCO, ConAgra Foods, Dairy Crest, Deoleo, Fonterra Brands, Goodman Fielder, Gujarat Co-operative Milk Marketing Federation, IFFCO, Kerry Group, Mother Dairy, Monini, The Nisshin OilliO Group, Parmalat, PT Salim Ivomas Pratama Tbk, Ruchi Soya, Saudi Vegetable Oil & Ghee, Strauss, Willowton Group, Yihai Kerry Oils & Grains, and Yug Rusi.Key questions answered in the report includeWhat will the market size and the growth rate be in 2019? What are the key factors driving the oils and fats market? What are the key market trends impacting the growth of the oils and fats market? What are the challenges to market growth? Who are the key vendors in the oils and fats market? What are the market opportunities and threats faced by the vendors in the oils and fats market? Trending factors influencing the market shares of the Americas, APAC, Eastern Europe, MEA, and Western Europe? What are the key outcomes of the five forces analysis of the oils and fats market?Technavio also offers customization on reports based on specific client requirement.Related reportsSoy Market in the US 2015-2019 Global Probiotics Market 2015-2019 Cheese Market in the US 2015-2019 Global Dairy Processing Equipment Market 2015-2019

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

Edible Oil and Fats Market Outlook

The global edible oil and fats market size was valued at approximately USD 247.43 billion in 2023 and is projected to reach around USD 357.23 billion by 2032, growing at a CAGR of 4.2% from 2024 to 2032. The significant growth factor driving the edible oil and fats market includes increasing consumer health consciousness, which has elevated the demand for high-quality edible oils and fats with specific health benefits. The rising global population and rapid urbanization are also key drivers, coupled with an increasing demand for processed foods and innovations in oil extraction and refining technologies.

One of the primary growth factors for the edible oil and fats market is the heightened awareness of the nutritional benefits of various oils and fats. Consumers are now more informed about the health implications associated with different types of fats, leading to a higher demand for oils that are rich in essential fatty acids, vitamins, and antioxidants. This shift in consumer behavior towards healthier options has been a significant catalyst for market growth. The increasing adoption of oils like olive oil and avocado oil, which are known for their heart-healthy properties, has further propelled the market.

Another major driver is the expanding use of edible oils and fats in the food industry. The food processing sector heavily relies on various types of oils and fats for cooking, baking, and as additives to enhance flavor and texture. The growth of the processed food industry, particularly in emerging economies, has led to an upsurge in the demand for edible oils and fats. Additionally, the trend of eating out and the proliferation of fast-food chains have also contributed to the increased consumption of these products. This trend is expected to continue over the forecast period, driven by changing lifestyles and increasing disposable incomes.

The biodiesel industry represents a significant growth avenue for the edible oils and fats market. With the global push towards sustainable and renewable energy sources, the use of vegetable oils, particularly palm and soybean oils, in biodiesel production has gained substantial traction. Governments across various countries are promoting biodiesel as part of their energy policy, providing tax incentives and subsidies to boost production. This not only provides an alternative market for edible oils and fats but also ensures price stability for farmers and producers, thereby supporting overall market growth.

Soy Oil and Palm Oil are pivotal in the biodiesel industry due to their abundant availability and cost-effectiveness. These oils are not only essential in food applications but also play a crucial role in the production of renewable energy. The versatility of soy oil and palm oil makes them ideal candidates for biodiesel production, as they provide a sustainable alternative to fossil fuels. The cultivation and processing of these oils have been optimized over the years, ensuring a steady supply for both food and energy sectors. As the demand for cleaner energy sources grows, the role of soy oil and palm oil in biodiesel production is expected to expand, further supporting the edible oils and fats market.

Regionally, the Asia Pacific region is anticipated to witness significant growth in the edible oil and fats market. This growth is attributed to the large population base, increasing disposable incomes, and changing dietary habits in countries like China and India. North America and Europe are also substantial markets due to high consumption rates of processed foods and the growing trend of premium cooking oils. The Middle East & Africa and Latin America are emerging markets with significant growth potential due to increasing urbanization and rising health awareness among consumers.

Product Type Analysis

The edible oil and fats market can be segmented by product type into vegetable oils, animal fats, specialty fats, and others. Vegetable oils dominate this segment due to their widespread use in cooking, industrial applications, and biodiesel production. Popular vegetable oils include palm oil, soybean oil, sunflower oil, and olive oil. Palm oil, in particular, is extensively used in packaged foods and personal care products due to its cost-effectiveness and versatility. The rising demand for healthy cooking oils has also propelled the growth of olive oil and avocado oil within this segment.

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European Oil-Cake from Extraction of Vegetable Fats and Oils Market Size Volume Per Capita by Country, 2023 Discover more data with ReportLinker!

The global cooking oils and fats market is a substantial and dynamic sector, projected to experience robust growth throughout the forecast period (2025-2033). While precise figures for market size and CAGR are absent, industry analyses suggest a market valued in the tens of billions of dollars in 2025, with a compound annual growth rate likely exceeding 4%, driven by several key factors. Rising global populations, particularly in developing economies, are fueling increased demand for edible oils and fats. Changing dietary habits, including a growing preference for convenience foods and processed products that often incorporate these ingredients, are further boosting market expansion. The increasing adoption of healthier cooking oils, such as olive oil and vegetable oils, is also a significant trend, although it is balanced by continued demand for traditional oils and fats like butter and margarine. This market segmentation, encompassing various types (vegetable and seed oils, spreadable oils and fats, butter, margarine, olive oil, and others) and applications (commercial and household), creates diverse opportunities for players across the value chain. However, fluctuating raw material prices, stringent regulations concerning food safety and labeling, and growing concerns about the health implications of high saturated fat consumption present challenges to market growth. Competition within the market is intense, with major global players like Unilever, Cargill, and Wilmar International vying for market share alongside regional and national brands. Future growth is expected to be significantly influenced by evolving consumer preferences, technological advancements in oil extraction and processing, and the increasing adoption of sustainable agricultural practices. Geographic distribution of market share is expected to reflect existing patterns of population density and consumption habits, with significant shares held by North America, Europe, and Asia-Pacific regions. However, emerging economies in Asia and Africa are projected to showcase faster-than-average growth rates in demand for cooking oils and fats over the forecast period due to rapidly rising incomes and population increases. To maintain competitiveness, companies need to focus on innovation, efficient supply chains, and sustainable practices, along with adapting their product portfolios to meet evolving consumer preferences and health concerns. Market participants are also likely to invest in research and development, focusing on the production of healthier and more sustainable oils and fats.

The global cooking oils and fats market is a substantial sector, exhibiting robust growth potential. While the exact CAGR is not provided, considering the market size of $60 billion in 2025 and the presence of major players like Unilever and Cargill, a conservative estimate of a 5% CAGR from 2025 to 2033 is plausible, driven by factors such as increasing consumer demand in developing economies, evolving dietary preferences (with a shift towards healthier options like olive oil), and growth in the food processing and food service industries. This growth is further fueled by trends like rising disposable incomes globally, increased urbanization leading to greater demand for convenient cooking options, and a growing preference for processed foods. However, the market faces restraints including fluctuating commodity prices, concerns regarding the health implications of certain oils (saturated and trans fats), and the impact of changing agricultural practices and climate change on oilseed production. The market segmentation reveals significant opportunities in various product categories, including vegetable and seed oils, which are expected to dominate the market share due to their widespread use and affordability. The commercial sector, followed by the household sector, will remain the primary application segments. Regional differences in consumption patterns are expected, with Asia-Pacific and North America showing significant growth, driven by population size and evolving food habits. The competitive landscape is characterized by a mix of multinational corporations and regional players, leading to intense competition based on pricing, product innovation, and brand recognition. The forecast period (2025-2033) suggests sustained growth for the cooking oils and fats market. Considering the projected CAGR and starting market size, significant expansion across all segments is expected. Strategic partnerships, mergers and acquisitions, and product diversification are likely strategies adopted by market players to secure their market position. Companies are expected to focus on introducing value-added products with improved nutritional profiles and sustainability certifications to cater to the growing health-conscious consumer base. Growth is also anticipated in specialized oils like olive oil and specialty fats, driven by increasing consumer awareness of their health benefits and unique culinary applications. Future challenges will include adapting to evolving consumer demands, maintaining stable supply chains in the face of global uncertainties, and mitigating the impact of environmental concerns associated with oilseed cultivation.

The volume is forecast to experience significant growth in all segments in 2030. Particularly striking is the exceptionally strong increase of the segment Edible Oils towards the end of the forecast period. The value amounting to **** thousand tons stands out significantly from the average changes, which are estimated at ***** thousand tons. Find further statistics on other topics such as a comparison of the revenue in Malaysia and a comparison of the average volume per capita in Europe. The Statista Market Insights cover a broad range of additional markets.

Vegetable Oil Market Outlook

According to our latest research, the global vegetable oil market size reached USD 278.6 billion in 2024, reflecting a robust industry that continues to expand. The market is projected to grow at a CAGR of 5.1% from 2025 to 2033, with the total market value expected to reach USD 434.8 billion by the end of the forecast period. This growth is primarily driven by rising demand for healthier edible oils, increasing population, and expanding applications in food, industrial, and biodiesel sectors. The market's resilience is further underpinned by ongoing innovations in processing technologies and the rising trend of health-conscious consumerism.

Several key growth factors are propelling the global vegetable oil market forward. One of the most significant drivers is the shift in consumer preferences towards healthier dietary fats. As awareness about the adverse health effects of trans fats and saturated fats grows, consumers are increasingly opting for oils such as canola, sunflower, and olive oil, which are rich in unsaturated fatty acids and essential nutrients. This trend is further supported by the proliferation of health and wellness campaigns, government regulations limiting trans fats in processed foods, and the growing popularity of plant-based diets. Additionally, the foodservice industry, which includes restaurants, hotels, and catering services, has ramped up its consumption of vegetable oils to cater to evolving consumer tastes, further bolstering market demand.

Another crucial growth factor is the expanding industrial and biodiesel application of vegetable oils. The versatility of vegetable oils as feedstock for biodiesel production has garnered significant attention, especially in regions striving to reduce carbon emissions and dependence on fossil fuels. Governments across North America, Europe, and Asia Pacific are implementing stringent policies and offering incentives to promote the use of renewable energy sources, including biodiesel derived from vegetable oils. This policy-driven demand, coupled with advancements in processing technologies that enable the efficient conversion of various oil types into biodiesel, has substantially increased the market's growth trajectory. Moreover, the use of vegetable oils in the production of cosmetics, pharmaceuticals, and other industrial products continues to expand, diversifying the market's application base.

The global vegetable oil market is also benefiting from advancements in packaging and distribution. Innovations in packaging materials and formats, such as eco-friendly bottles, flexible pouches, and tamper-evident seals, are enhancing the shelf life and convenience of vegetable oils, making them more appealing to both retailers and consumers. The rise of e-commerce platforms and online retail channels has further revolutionized the distribution landscape, enabling manufacturers to reach a wider customer base and offer tailored packaging options. This shift towards modern retail formats, coupled with strategic marketing initiatives, has contributed significantly to the market's sustained expansion.

From a regional perspective, Asia Pacific remains the dominant force in the global vegetable oil market, accounting for the largest share of both production and consumption. The region's growth is fueled by high population density, rising disposable incomes, and the prevalence of traditional cuisines that heavily utilize vegetable oils. Countries such as China, India, and Indonesia are major contributors, with robust domestic industries and strong export capabilities. North America and Europe, while mature markets, continue to witness steady growth driven by the increasing adoption of organic and specialty oils, as well as the expansion of biodiesel production. Meanwhile, Latin America and the Middle East & Africa are emerging as high-potential markets, supported by improving economic conditions, urbanization, and evolving dietary habits.

Type Analysis

The vegetable oil market i

The global packed edible vegetable oil market is a substantial and dynamic sector, exhibiting consistent growth driven by several key factors. While precise figures for market size and CAGR weren't provided, leveraging industry reports and trends, a reasonable estimate for the 2025 market size could be placed at approximately $200 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 4% for the forecast period (2025-2033), the market is projected to reach approximately $290 billion USD by 2033. This growth is fueled by several factors including rising global population, increasing urbanization leading to higher demand for convenient and packaged food products, shifting dietary preferences towards healthier cooking oils (like olive and coconut oil), and the expanding food processing and restaurant industries. Growth in emerging economies, particularly in Asia-Pacific, is also contributing significantly to this expansion. However, the market faces certain challenges. Fluctuations in crude oil prices directly impact the cost of production and subsequently retail prices, potentially affecting consumer demand. Furthermore, growing health concerns regarding saturated and trans fats in certain vegetable oils are prompting consumers to seek healthier alternatives, leading to increased competition and market segmentation. Government regulations regarding food safety and labeling also play a crucial role in shaping market dynamics. The segmentation of the market based on oil type (rapeseed, soybean, etc.) and application (household, commercial) reveals distinct growth trajectories; for instance, the demand for healthier oils like olive and coconut oil is predicted to outpace that of more conventional options like soybean oil in the coming years, driving innovation and product diversification within the industry.