The normal and specialty fats market is experiencing steady growth, with an estimated valuation of USD 44.8 billion in 2025. The overall industry is projected to exhibit a CAGR of 6.5% over the forecast period between 2025 and 2035. The net valuation of the industry is expected to reach USD 84.1 billion by 2035.

Semi-Annual Demand Space Update

Particular	Value CAGR
H1 (2024 to 2034)	6.3%
H2 (2024 to 2034)	6.5%
H1 (2025 to 2035)	6.6%
H2 (2025 to 2035)	6.8%

Segment-wise Analysis

Segment	Dairy & Ice cream (Application)
Value Share (2025)	34.6%

Segment	Household (End Use)
Value Share (2025)	45.3%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	4.8%
UK	4.5%
France	4.2%
Germany	4.3%
Italy	4%
South Korea	5.1%
Japan	4.6%
China	6.2%
Australia	4.4%
New Zealand	4.1%

Competitive Outlook

Company Name	Estimated Market Share (%)
Cargill Inc.	16-20%
AAK AB	12-16%
Bunge Limited	10-14%
Wilmar International	8-12%
Fuji Oil Holdings Inc.	6-10%
Other Players (Combined)	28-40%

The global fats and oils market size reached USD 241.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 336.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.38% during 2025-2033. The market demand is expanding rapidly, driven by the increasing health awareness, rising demand for processed and convenience foods, the growth of the cosmetic and personal care industry, heightened product applications in industrial and biofuel sectors, and the escalating population growth and urbanization.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 241.1 Billion
Market Forecast in 2033	USD 336.3 Billion
Market Growth Rate 2025-2033	3.38%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, application, source, and sales channel.

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

United States Specialty Fats & Oils Market was valued at USD 2.93 billion in 2024 and is anticipated to grow USD 4.29 billion by 2030 with a CAGR of 6.62%

Pages	81
Market Size	2024: USD 2.93 Billion
Forecast Market Size	2030: USD 4.29 Billion
CAGR	2025-2030: 6.62%
Fastest Growing Segment	Bakery Products
Largest Market	South
Key Players	1. Wilmar International Limited 2. Cargill Incorporated 3. Darling Ingredients Inc. 4. Musim Mas Group 5. International Foodstuff Company Limited (IFFCO) 6. Bunge North America 7. AAK USA Inc. 8. OI Group 9. Fuji Vegetable Oil, Inc. 10. D&L Industries, Inc.

The North America Fats and Oils Market is Segmented by Product Type (Fats and Oils), Application (Food, Industrial, and Animal Feed), Source (Plant-Based and Animal-Based), and Country (United States, Canada, Mexico, and Rest of North America). The Market Forecasts are Provided in Terms of Value (USD).

The Specialty Fats and Oils Market Report is Segmented by Type (Specialty Fats, Specialty Oils), Form (Liquid and Dry), Functionality (Molding and Filling Fats, Coating and Enrobing Fats, and More), Application (Food and Beverage, Cosmetic and Personal Care, Pharmaceutical, and More), and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

The global edible oils and fats market attained approximately USD 227.68 Billion in 2024. The market is estimated to grow at a CAGR of 5.80% in the forecast period of 2025-2034, reaching a value of around USD 400.11 Billion by 2034.

The revenue is forecast to experience significant growth in all segments in 2030. As part of the positive trend, the revenue reaches the maximum value for all four different segments at the end of the comparison period. Particularly noteworthy is the segment Edible Oils, which has the highest value of 9.88 billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of per capita sales volume in France and a comparison of volume worldwide. The Statista Market Insights cover a broad range of additional markets.

The global price per unit in the 'Oils & Fats' segment of the food market was forecast to continuously increase between 2025 and 2030 by in total *** U.S. dollars (+***** percent). After the ***** consecutive increasing year, the price per unit is estimated to reach **** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Oils & Fats' segment of the food market was continuously increasing over the past years.Find further information concerning the volume in the 'Cheese' segment of the food market in Russia and the average revenue per capita in the 'Baby Food' segment of the food market in Malta. The Statista Market Insights cover a broad range of additional markets.

Edible Oils and Fats Market - Global Industry Insights, Size, Share, Trends, Outlook, and Opportunity Analysis

The global bakery fats market size reached USD 1.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.6% during 2025-2033. The growing demand for convenient bakery products among people with busy working schedules and hectic lifestyles, changing consumer tastes and preferences, and increasing number of health-conscious consumers are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1.4 Billion
Market Forecast in 2033	USD 2.4 Billion
Market Growth Rate (2025-2033)	5.6%

IMARC Group provides an analysis of the key trends in each segment of the global bakery fats market report, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type, distribution, and end-use.

According to Cognitive Market Research, the global Shortening Fats market size is USD 3165.9 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% 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 1266.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

Europe accounted for a market share of over 30% of the global revenue with a market size of USD 949.77 million.

Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 728.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

Latin America had a market share of more than 5% of the global revenue with a market size of USD 158.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% 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 63.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

The Bakery held the highest Shortening Fats market revenue share in 2024.

Market Dynamics of Shortening Fats Market

Key Drivers for Shortening Fats Market

Increasing Food Processing Industry Drives Market Growth

The market for shortening fats is driven by the expanding processed food industry. Pasta and noodles are examples of processed foods that are eaten as staples in various nations. The desire for spare time and hectic lifestyles have driven the demand for convenient food products. Pasta, dried noodles, dried dinners, and other processed foods require less time to prepare. Because shortening fats have more functional advantages including increased flexibility, higher smoke points, and longer shelf lives, they are widely employed in baking items. In addition to its functional benefits, fat shortenings are preferred by bakery makers for usage in the majority of their goods due to their low processing levels when compared to alternative options.

Surging Application of Shortening Fat to Propel Market Growth

Any fat that increases a baked good's softness by preventing gluten strands from sticking together during mixing is called shortening. Twelve grams, or one tablespoon, of Crisco all-vegetable In addition to 12 grams of total fat, 3.5 grams of unsaturated fat, 2.5 grams of saturated fat, 0 grams of protein, and 0 grams of carbohydrates, shortening also contains 110 calories. In baking, shortening is used to provide taste and softness. The global shortening fats market is expanding due to functional supremacy, improved formulations, and expanding applications of shortened fats. Shortening fats have a lubricating effect on food matrices and can modify the sensory qualities, particularly the flavor and texture. To prevent the development of a gluten matrix in baked goods and enable the creation of non-elastic pastries such as cakes, shortening is used. You can use butter, hydrogenated solidified oils, and lard as shortening. High oleic soybean shortening is superior to most other solutions for food applications requiring high-stability alternatives, which makes it an ideal ingredient. Consequently, over the forecast period, the growing applications of shortening fats are driving the growth of the global shortening fats market.

Restraint Factor for the Shortening Fats Market

Increasing Awareness Regarding Health to Limit the Sales

An increasing number of customers are choosing healthier options as a result of a growing understanding of the detrimental health impacts linked to trans and saturated fat consumption. There is increasing worry about the possible negative effects on cardiovascular health due to its high trans and saturated fat content. Because of this health risk, people are choosing alternate options, such as plant-based or vegetable-based fats. In addition, there are additional variables that affect the demand, like shifting dietary trends and tastes. Therefore, it is anticipated that these factors will impede market expansion throughout the projected time.

Impact of Covid-19 on the Shortening Fats Market

The global COVID-19 epidemic has had a substantial influence on many sectors, most notably the shortening fats market. Numerous areas, including supply chains, consumer behavior, market dynamics, and industrial practices, ha...

Oil and Fats Market size is set to expand from $ 265.22 Billion in 2023 to $ 361.47 Billion by 2032, with an anticipated CAGR of around 3.5% from 2024 to 2032.

Edible Oil & Fats Market size & share estimated to surpass USD 361.88 billion by 2032, to grow at a CAGR of 3.88% during the forecast period.

Global Fats And Oils market size is expected to reach $256.35 billion by 2029 at 6.9%, segmented as by type, fats, oils

In 2025, the global filling fats market size is assessed at USD 10,362.2 million and is forecasted to witness sustained expansion, reaching USD 17,374.0 million by 2035, reflecting a CAGR of 5.3%.

Attributes	Description
Estimated Industry Size (2025E)	USD 10,362.2 million
Projected Industry Value (2035F)	USD 17,374.0 million
Value-based CAGR (2025 to 2035)	5.3%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	4.7%
H2 (2024 to 2034)	5.1%
H1 (2025 to 2035)	5.0%
H2 (2025 to 2035)	5.3%

Country-wise Insights

Countries	CAGR 2025 to 2035
USA	4.1%
Germany	4.6%
China	6.3%
Japan	5.1%
India	6.7%

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 19.2 thousand tons stands out significantly from the average changes, which are estimated at 6.825 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.

Over the last two observations, the volume is forecast to significantly increase in all segments. As part of the positive trend, the volume achieves the maximum value across all four different segments by the end of the comparison period. Notably, the segment Edible Oils stands out with the highest value of 29.65 billion kilograms. Find further statistics on other topics such as a comparison of the volume in Russia and a comparison of the revenue in Nigeria. The Statista Market Insights cover a broad range of additional markets.

Functional Oils and Fats Market Outlook

In 2023, the functional oils and fats market size is estimated to be valued at approximately USD 45 billion, with a projected growth to USD 70 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 5.0%. The market's expansion is primarily driven by increasing consumer awareness regarding the health benefits of functional oils and fats, coupled with rising demand across various end-use industries such as food and beverages, nutraceuticals, and pharmaceuticals.

The growing health consciousness among consumers is a significant factor propelling the growth of the functional oils and fats market. Consumers are increasingly seeking products that offer specific health benefits, such as improved heart health, enhanced brain function, and better weight management. Functional oils and fats, rich in omega-3, omega-6, and medium-chain triglycerides (MCTs), are becoming preferred choices for health-conscious individuals. Additionally, the increasing prevalence of lifestyle diseases like obesity, cardiovascular diseases, and diabetes is driving the demand for healthier fat alternatives, further bolstering market growth.

Technological advancements in extraction and processing techniques are also contributing to the market's expansion. Innovative methods in extracting functional components from plant, animal, and marine sources have led to the development of high-quality functional oils and fats. These advancements not only improve the nutritional profile of these products but also extend their shelf life, making them more attractive to consumers and manufacturers alike. The ongoing research and development in this field are expected to continue playing a pivotal role in market growth.

The increasing application of functional oils and fats in various industries is another growth driver. In the food and beverage industry, these oils and fats are used to enhance the nutritional value and functional properties of products. In the nutraceutical and pharmaceutical sectors, they are utilized for their therapeutic benefits. Additionally, the animal feed industry is incorporating functional oils and fats to improve the health and productivity of livestock. This widespread application across diverse industries underscores the growing importance and versatility of functional oils and fats.

Functional Lipids are increasingly gaining attention as a crucial component in the development of functional oils and fats. These lipids, which include a variety of bioactive compounds, play a significant role in enhancing the nutritional profile of oils and fats. They are known for their ability to improve metabolic health, support cardiovascular function, and provide anti-inflammatory benefits. As consumers become more health-conscious, the demand for functional lipids is on the rise, driving innovation in the market. Manufacturers are focusing on incorporating these lipids into their products to meet consumer demand for health-enhancing ingredients. The integration of functional lipids not only boosts the health benefits of oils and fats but also aligns with the growing trend towards personalized nutrition and preventive healthcare.

From a regional perspective, North America is a leading market for functional oils and fats, driven by high consumer awareness and a well-established healthcare infrastructure. Europe also represents a significant market due to stringent regulations promoting the use of health-enhancing ingredients in food products. The Asia Pacific region is expected to witness the fastest growth, fueled by increasing disposable incomes, urbanization, and a growing focus on health and wellness. Latin America and the Middle East & Africa are also emerging markets, showing promising growth potential as consumer awareness spreads.

Product Type Analysis

The functional oils and fats market is segmented by product type into omega-3, omega-6, medium chain triglycerides (MCTs), specialty oils, and others. Each of these product types plays a crucial role in the market and caters to different consumer needs and preferences. Omega-3 fatty acids, for instance, are renowned for their cardiovascular benefits and are extensively used in pharmaceuticals and nutraceuticals. The growing body of scientific evidence supporting the health benefits of omega-3 fatty acids is driving their demand in various applications, from dietary supplements to fortified foods.

Omega-6 fatty aci

Global Edible Oil & Fats Market size will exceed a valuation of USD 361.88 billion by 2032, to grow at a CAGR of 3.91% during the forecast period.