Soybean oil had the highest level of consumption of any edible oil in the United States in 2024. In 2024, Americans consumed about ***** million metric tons of soybean oil, compared to about *** million metric tons of palm oil. Soybean cultivation The United States, Brazil, and Argentina are the top three producers of soybeans in the world as of the 2021/2022 crop year. Soybean production in the United States amounted to around *** billion bushels in 2023, up from approximately *** billion bushels in 2019. Most of the U.S. states with the highest volume of soybean production are located in the Midwest, with Illinois, Iowa, and Minnesota topping the list for soybean production within the United States. Edible oil exports Although soybean oil is the most consumed type of edible oil in the United States, the export volume of palm oil is the highest of any type of vegetable oil. Palm oil is commonly used in beauty products, processed snack foods, among other everyday items. Indonesia and Malaysia are the top two exporters of palm oil as of 2022/2023.

The Report Covers South America Vegetable Oil Manufacturers and the Market is segmented by Product Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Product Types), Application (Food, Feed, and Industrial), and Geography (Brazil, Argentina, and Rest of South America). The market size in volume terms in tons for all the abovementioned segments.

The average volume per capita in the 'Edible Oils' segment of the food market in the United States was forecast to increase between 2025 and 2030 by in total *** kilograms (+**** percent). This overall increase does not happen continuously, notably not in 2030. The average volume per capita is estimated to amount to **** kilograms in 2030. Find other key market indicators concerning the revenue growth and revenue. The Statista Market Insights cover a broad range of additional markets.

This statistic shows the global consumption of vegetable oils from 2013/14 to 2024/25. In 2024/25, sunflower seed oil consumption was forecast to be at over 20.27 million metric tons worldwide. Global vegetable oil production amounted to around 228 million metric tons in that same period. Vegetable oils Vegetable oils are oils or fats extracted from a plant. Their texture can be described as liquid, oily and fatty. Most vegetable oils are able to fulfill two functions: they can either be used as cooking oil or for fuel and diesel production. The most common oil types include palm oil, soybean oil, canola oil and sunflowerseed oil. Palm oil is extracted from the flesh of the palm fruit, which is primarily found in the tropical climate of Africa, South America and South East Asia. It is estimated that about 90 percent of palm oil is used for food consumption, whereas industrial consumption such as cosmetic products or fuel and diesel claim the remaining 10 percent. In terms of consumption as a food product, vegetable oils are seen as the healthier alternative as they contain more unsaturated fatty acids than animal fats. One of the most widely used cooking oils is canola oil, also known as rapeseed oil. It is obtained by extraction from the rapeseed, which is first slightly heated and then crushed. Rapeseed oil, in particular, is seen to have the advantages of containing a higher amount of omega-3 (linolenic acid) and omega-6 (linoleic) fatty acids and to be low in saturated fatty acids.

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North America Vegetable Oil Market Size 2024-2028

The north america vegetable oil market size is forecast to increase by USD 12.45 billion at a CAGR of 3.93% between 2023 and 2028.

The market is witnessing significant growth due to several key trends. One of the primary factors driving market growth is the increasing use of vegetable oils in non-food applications, such as cosmetics and pharmaceuticals. Additionally, the demand for clean-label vegetable oil products is on the rise, as consumers seek healthier and more natural alternatives to processed foods. However, the market faces challenges from other cooking oils and fats, including palm oil and animal fats, which offer lower prices and higher production yields. Producers must focus on innovation and differentiation to remain competitive in this market. In summary, the market is experiencing growth due to increasing demand for non-food applications and clean-label products, but faces challenges from competitive alternatives.

What will be the size of the North America Vegetable Oil Market during the forecast period?

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The vegetable oils market in North America is a significant sector withIn the edible oils industry, primarily derived from plant sources such as soybean, corn, sunflower, canola, and others. These oils, which are rich in triglycerides, serve various purposes in food preparation, including cooking, baking, and as a heat transfer medium. Additionally, they function as flavor enhancers, moisture retainers, and In the production of soaps and biodiesel fuel. Palm oil, although not a primary focus in North America, is also relevant due to its global impact on the market. Vegetable oils are consumed for their health benefits, including monounsaturated fats contributing to heart health.The market is influenced by trends towards organic and fortified vegetable oils, e-commerce sales, and the use of vegetable oils in industries beyond food, such as cosmetics and lubricants. Used cooking oil and mineral oil have their unique applications, while vegetable isolating oils cater to specific industries. The market dynamics are shaped by factors such as supply and demand, price fluctuations, and consumer preferences. The vegetable oils market in North America continues to evolve, driven by technological advancements, health consciousness, and the ever-changing landscape of the food industry.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Distribution ChannelOfflineOnlineTypePalm oilSoybean oilCanola oilSunflower oilOthersGeographyNorth AmericaCanadaMexicoUS

By Distribution Channel Insights

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

In the North American vegetable oils market, traditional retail channels dominate distribution. Supermarkets and hypermarkets serve as primary outlets, providing a wide selection of vegetable oils and sizes. Convenience is a key factor, as consumers value the variety and accessibility these retailers offer. Convenience stores also play a significant role, particularly in urban and suburban areas, catering to the quick needs of consumers. Traditional grocery stores remain prominent, maintaining their status as go-to destinations for vegetable oils within local communities. Wholesale clubs cater to both household consumers and businesses, offering bulk purchasing options for vegetable oils. Vegetable oils, derived from plant sources such as soybean, corn, sunflower, canola, and others, serve various purposes.They are used for cooking and baking, as heat transfer mediums, flavor enhancers, and moisture agents. In addition, they are used In the production of soaps, skincare products, biodiesel, and essential fatty acids. Vegetable oils are also rich in unsaturated fats, particularly monounsaturated and omega-3 fatty acids, making them heart-healthy options. The health consciousness trend and increasing household incomes contribute to the growing demand for vegetable oils. Key players In the market include soybean oil, corn oil, sunflower oil, canola oil, and others. Vegetable oils are also used In the pharmaceutical, cosmetics, animal feed, and retail/household industries. E-commerce platforms are emerging as a distribution channel, offering convenience and competitive pricing.The nutritional value and health benefits of vegetable oils make them an essential component of food production.

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The Offline segment was valued at USD 40.58 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the

The report covers Vegetable Cooking Oil Market Revenue & Companies in North America and is segmented by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types), by Application (food, feed, and industrial), and by Geography.

The Latin America vegetable oil market attained a volume of 22.78 MMT as of 2024 and is anticipated to grow at a CAGR of 1.45% during the forecast period of 2025 to 2034. The growth of the Latin America vegetable oil market is fueled by increasing demand for healthier oils, increasing food processing companies, growth in the production of biodiesel, population growth, shifting consumer trends, and sustainable farming practices. The market is thus expected to reach a volume of nearly 26.31 MMT by 2034.

The volume in the 'Edible Oils' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total ***** thousand tons (+**** percent). After the eighth consecutive increasing year, the volume is estimated to reach *** billion kilograms and therefore a new peak in 2030. Find other key market indicators concerning the average price per unit (PPU) and average consumption per capita. The Statista Market Insights cover a broad range of additional markets.

The North American vegetable oils market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 4.01% from 2025 to 2033. This growth is driven by several factors, including the rising demand for biofuels, increasing consumption of processed foods containing vegetable oils, and the growing awareness of the health benefits of certain vegetable oils like olive oil. Key market segments include palm, soybean, rapeseed, sunflower, and olive oils, each catering to diverse applications in the food, energy, and industrial sectors. The United States represents the largest market share within North America, followed by Canada and Mexico. Growth is expected to be fueled by increasing investments in sustainable oil production, aligning with consumer preferences for ethically and sustainably sourced products. However, the market faces restraints such as fluctuations in crop yields due to climate change and increasing competition from alternative oils and fats. Major players like Cargill, ADM, Bunge, and Wilmar are shaping the market through strategic investments, mergers, and acquisitions, along with focusing on product diversification and expanding their distribution networks. The ongoing focus on food security and the exploration of new applications for vegetable oils (e.g., in cosmetics and pharmaceuticals) present significant opportunities for market expansion in the forecast period. The competitive landscape is characterized by both large multinational corporations and regional players. The market is witnessing a trend towards consolidation, with larger players acquiring smaller companies to enhance their market share and expand their product portfolio. The focus on innovation is also prominent, with companies investing in research and development to develop new and improved vegetable oil products that cater to the evolving consumer demands for health, sustainability, and convenience. The market is expected to see a surge in demand for sustainably produced vegetable oils, which will drive innovation in sustainable agricultural practices and oil processing technologies. The regional variations in consumption patterns and government policies related to biofuels and food safety standards will also play a crucial role in shaping the market's trajectory over the next decade. Further research into consumer preferences within specific demographics and regions would provide more detailed insights for strategic market planning. Notable trends are: Growing Consumption of Olive Oil.

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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?

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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

The price per unit in the 'Edible Oils' segment of the food market in the United States 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 'Edible Oils' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the average consumption per capita and volume. The Statista Market Insights cover a broad range of additional markets.

North America Vegetable Oil Market was valued at USD 8.64 Billion in 2023 and is expected to reach USD 13.65 Billion by 2031 with a CAGR of 6.7% during the forecast period from 2024-2031.

Vegetable oil is a plant-derived oil that is typically taken from seeds, fruits and nuts. Common vegetable oils include soybean, sunflower, canola and olive oil. It contains unsaturated fats, making it a healthier alternative to animal fats for cooking and frying. Vegetable oil is used in cooking, baking and food processing because of its neutral flavor and adaptability.

Vegetable oil utilization is predicted to extend beyond food production to include sustainable energy options such as biodiesel manufacturing. Increasing demand for plant-based products and eco-friendly alternatives is likely to drive innovations in oil extraction methods. As health-consciousness increases, vegetable oils may see more diverse applications in functional foods and nutraceutical products.

Global Vegetable Oil Market is projected to reach USD 557.5 Billion by 2034, with a 5.4% CAGR from 2025 to 2034.

North America Used Cooking Oil Market size is USD 2090.48 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.

The size of the North American Vegetable Oils Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.01% during the forecast period. The market for vegetable oils in North America includes the creation and sale of oils sourced from plants like soybean, canola, corn, palm, and sunflower, for cooking, frying, and food preparation. The growing desire for healthy and organic edible oils is fueling this market, spurred by rising health awareness and the trend of veganism. Food, feed, and industrial applications are the main parts that are important. The market is growing because of the increasing processed food sector and the use of vegetable oils in biofuels and other bio-based items. Advances in more sustainable and healthier oil production techniques are becoming more popular. Challenges including fluctuating raw material prices and strict environmental regulations are being encountered by the market. Nevertheless, the need for premium edible oils is increasing, driven by advancements in manufacturing methods and the release of new, health-focused items. Consumer demand for healthier food choices and the growing popularity of vegetable oils in different uses are expected to drive the market's stable growth. Recent developments include: 1. 2022: Cargill announces plans to invest $1 billion in its North American vegetable oil processing facilities.

1. 2021: Wilmar International acquires a majority stake in Canadian vegetable oil producer, Richardson International.

2. 2020: Archer Daniels Midland launches a new line of plant-based oil blends for food manufacturers.. Key drivers for this market are: Wide Applications and Functionality, Demand For Gluten-Free Products. Potential restraints include: Easy Availability of Economically Feasible Alternatives. Notable trends are: Growing Consumption of Olive Oil.

The size of the South America Vegetable Oil Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.81% during the forecast period. The vegetable oil market in South America involves producing and distributing oils from different plant sources like soybeans, palm, sunflower, and canola. This industry is seeing significant expansion due to the growing need for cooking oils, utilization in food processing and biofuels, and a growing recognition of the health advantages linked to specific oils. Key players such as Cargill, Bunge, and ADM are leading in the industry, offering a variety of vegetable oils to cater to a range of consumer demands. The increase in demand for oils perceived as healthier than animal fats due to the rise of plant-based diets and a focus on healthier eating habits is driving market growth. Despite facing challenges like unstable raw material prices and environmental issues related to palm oil production, the market remains optimistic due to continuous advancements in oil extraction and refining techniques. This growth pattern emphasizes the crucial importance of vegetable oils in the South American food sector, showcasing their significance in cooking and industrial purposes. Recent developments include: October 2022: BrasilBiofuels announced its plans to build Brazil's first sustainability aviation fuel facility in Manaus using technology developed by Denmark's Topsoe Haldor. The company claimed that they would use palm oil which they will grow in Brazil, as feedstock for the biorefinery to meet the growing demand for renewable fuels, including SAF., April 2022: Brazilian fuel distributor Vibra Energia SA leveraged its existing partnership with Brasil BioFuels (BBF) to venture into the production and sale of palm oil-based jet fuel. This strategic decision reflects Vibra Energia's commitment to expanding its involvement in sustainable energy solutions and further accelerating the transition towards greener alternatives in the aviation industry., July 2021: Agropalma announced a partnership with Ciranda. In partnership with Ciranda, Agropalma expanded its production of organic palm oil to meet growing demand. The companies announced that they would supply the organic food sector with the highest quality palm oils and shortening.. Key drivers for this market are: Rising Demand for Processed Foods, Strategic Initiatives by Companies Uplifting Market Growth. Potential restraints include: Availability of Substitute Products. Notable trends are: Rising Demand for Biofuels to Support the Market Growth.

The global cooking vegetable oil market is experiencing robust growth, driven by increasing health consciousness, shifting dietary preferences towards plant-based diets, and expanding applications in food processing and the food service industry. The market, estimated at $80 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $120 billion by 2033. Key growth drivers include rising disposable incomes in developing economies, leading to increased consumption of processed foods, and the increasing popularity of healthier cooking methods that utilize vegetable oils. Further fueling this growth is the rising demand for convenient and ready-to-eat meals, which significantly rely on vegetable oils in their preparation. However, price volatility of raw materials, fluctuating crude oil prices, and concerns regarding the impact of certain vegetable oils on health are key restraints to market expansion. The market is segmented by application (household, food processing, food service) and type (palm oil, soybean oil, sunflower oil, canola oil, olive oil, others), with palm oil and soybean oil currently dominating the market due to their affordability and widespread availability. Regional analysis reveals that Asia-Pacific, particularly China and India, are major consumers and key growth areas owing to their vast populations and rapidly expanding middle classes. North America and Europe also present substantial market opportunities, driven by the increasing awareness of the health benefits of specific vegetable oils, like olive oil. The competitive landscape is dominated by major players like Archer Daniels Midland, Cargill, and Wilmar International, who hold significant market share through their integrated supply chains and global reach. Smaller regional players are also actively participating, capitalizing on localized preferences and emerging niche markets. Future market growth will be shaped by innovation in oil extraction techniques, advancements in sustainable and ethically sourced oils, and the development of healthier and more functional vegetable oil products. Companies are investing heavily in research and development to enhance the nutritional profile of their offerings and meet evolving consumer demands. The focus on sustainability, including certifications and traceability measures, is also gaining momentum, creating opportunities for brands committed to responsible sourcing and production practices.

Unpack the essentials of size and demand trends in the USA Edible Oil Market valued at USD 7.90 billion, with strategic forecast insights to 2028.

Domestic palm oil consumption in the United States (U.S.) amounted to approximately *** million metric tons in 2024. There has been a decrease of over 1,000 metric tons in comparison to the previous year. Palm oil in the U.S. Palm oil is an edible vegetable oil. It is used for food manufacturing as well as in non-edible products such as beauty products and biofuel. A division of palm oil usage in the U.S. by purpose type shows that the vast majority of palm oil is for edible usage. Palm oil is the third most frequently consumed type of edible oil in the United States. Americans consume about *** million metric tons of palm oil, compared to about **** and *** million metric tons of soybean and rapeseed oil, respectively. The volume of imports of palm oil to the U.S. amounts to around *** billion pounds annually. The market for palm oil worldwide Among the different types of vegetable oils consumed worldwide, palm oil is the most consumed type of vegetable oil. The worldwide consumption of palm oil amounts to more than ***** million metric tons. Palm oil also has the highest import volume of vegetable oils worldwide, with just under ** million metric tons of imports annually. In total, the global production of vegetable oils is approximately *** million metric tons and expected to increase further.

Organic Edible Oil Market size is expected to be worth around USD 14.3 Bn by 2034, from USD 5.5 Bn in 2024, growing at a CAGR of 10.0%