The Global Vegetable Oil Market is Segmented by Product Type (Palm Oil, Soybean Oil, and More), Nature (Conventional, Organic), Packaging (Bottle, Pouches, and More), Distribution Channel (HoReCa/Foodservice, Retail) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The Market Forecasts are Provided in Terms of Value (USD).

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.

The global vegetable oil market reached a value of approximately 226.70 MMT in 2024. The market is projected to grow at a CAGR of 3.10% between 2025 and 2034, reaching a value of around 307.64 MMT by 2034.

The global Vegetable Oil Market size to reach USD 607.6 Billion in 2033 growing at a CAGR of 7.3%. The research report classifies market by share, trend, demand and based on segmentation by Type, application, packaging type, processing method, distribution channel and region.

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.

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 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.

Vegetable Oil Market Outlook

The global vegetable oil market size is projected to witness substantial growth from USD 245.8 billion in 2023 to USD 335.7 billion by 2032, at a compound annual growth rate (CAGR) of 3.5%. The driving forces behind this growth include increasing health consciousness among consumers, rising demand for biofuels, and expanding food processing industries. As the world becomes more health-conscious and eco-friendly, the vegetable oil market is poised to benefit significantly from these evolving trends.

One of the primary growth factors in the vegetable oil market is the increasing consumer preference for healthier and sustainable food options. With growing awareness about the adverse effects of trans fats and the health benefits associated with unsaturated fats, there is a marked shift towards vegetable oils. Oils such as olive, canola, and sunflower are gaining popularity due to their health benefits, including reducing bad cholesterol levels and providing essential fatty acids. This shift in consumer preference is driving the demand for a variety of vegetable oils across different demographics and regions.

Another significant growth driver is the escalating demand for biofuels. Vegetable oils are increasingly being used as feedstock for biodiesel production, which is a renewable and environmentally friendly alternative to fossil fuels. Governments and regulatory bodies worldwide are encouraging the use of biofuels to reduce greenhouse gas emissions and dependence on petroleum-based fuels. This governmental push, coupled with technological advancements in biodiesel production, is expected to propel the vegetable oil market further.

The food processing industry's rapid expansion is also fueling the vegetable oil market's growth. Vegetable oils are a staple ingredient in various food products, including baked goods, snacks, confectionery, and ready-to-eat meals. As urbanization and busy lifestyles continue to rise, the demand for convenient and processed food items is expected to increase. Consequently, this will drive the need for vegetable oils, boosting market growth.

From a regional perspective, the Asia Pacific region is expected to hold a significant share of the vegetable oil market. This can be attributed to the region's large population, increasing disposable incomes, and growing awareness about the health benefits of vegetable oils. Countries like China and India are experiencing rapid urbanization and a rising middle class, which is driving the demand for both food and industrial applications of vegetable oils. Moreover, the availability of raw materials and favorable climatic conditions for oilseed cultivation further bolster the market's growth in this region.

Type Analysis

The vegetable oil market is segmented by type, including palm oil, soybean oil, sunflower oil, olive oil, canola oil, coconut oil, and others. Palm oil dominates the market due to its wide availability and versatility in both food and industrial applications. It is extensively used in cooking, as well as in manufacturing margarine, shortening, and various baked goods. However, concerns about deforestation and sustainability practices are pushing producers and consumers to seek alternative oils, which might impact the growth trajectory of palm oil.

Soybean oil is another significant segment in the vegetable oil market. With its high protein content and extensive use in cooking, baking, and as a salad oil, soybean oil holds a substantial market share. The United States, Brazil, and Argentina are major producers of soybean oil. The rising demand for plant-based protein and soy products is expected to propel this segment's growth over the forecast period.

Sunflower oil, known for its light taste and high levels of vitamin E, is gaining popularity among health-conscious consumers. This oil is widely used in salads, frying, and baking. Europe is a significant market for sunflower oil, thanks to its extensive cultivation and consumption. The increasing demand for healthier cooking oils is likely to drive the growth of this segment.

Olive oil, revered for its health benefits and culinary versatility, is another crucial segment. The Mediterranean diet's popularity, which emphasizes the use of olive oil, has significantly boosted its demand globally. Besides culinary uses, olive oil is also finding applications in cosmetics and pharmaceuticals, further expanding its market reach. The high cost of production and limited geographical cultivation areas could

The Europe Vegetable Oil Industry Report is Segmented by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types), Application (Food, Feed, and Industrial), and Geography (Spain, The United Kingdom, France, Germany, Russia, Italy, and Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Global Vegetable Oil Market size is set to expand from $ 289.1 Million in 2023 to $ 580.44 Million by 2032, a CAGR of around 7.2% from 2024 to 2032.

The Vegetable Oil Market size was valued at USD 384.89 Million in 2023 and is projected to reach USD 637.31 Million by 2032, exhibiting a CAGR of 7.47 % during the forecast periods. The vegetable oil market is very vital for the food industry globally and consists of a variety of oils that are mainly extracted from plants such as soybeans and palms. Uses include cooking, processing food products, and industrial purposes. Enhanced technology in extraction and refining not only improves the quality of the oils but also increases the production level. Among them are edible types of oils, like olive, or industrial types of oils, such as palm. It has impacts on agriculture, economies, and health trends of people all over the world by providing nutritional value along with versatility, and economic growth for countries producing these types of oils. Recent developments include: In July 2022, Eni Kenya B.V. completed the construction of the oilseed collection and pressing plant (agri-hub) in Makueni, Kenya, and started production of the first vegetable oil for bio-refineries. According to the company, the first agri-hub would have an installed capacity of 15,000 tons with an expected output of 2,500 tons in 2022., In June 2022, Freedom Refined Sunflower Oil, Gemini Edibles & Fats India (GEF India) announced plans to expand into other States, including Tamil Nadu and Kerala. The business asserted that it is considering strategic expansion and plans to enter Tamil Nadu and Kerala, with a strong demand for sunflower oil, in the coming years., In February 2021, Bunge Loders Croklaan expanded its oils and fats portfolio to meet the organic demand in Europe, offering a steady and scalable supply of organic oils and fats, including sunflower, rapeseed, soy, palm, shea, and coconut., In November 2021, Cargill Incorporated acquired an edible oil refinery situated in Nellore, India, and invested USD 35 million to purchase and improvise the facility, which would increase the production volume of edible oil and help the company to extend its existing supply chain to meet consumer requirements.. Key drivers for this market are: Increasing Demand For Convenience & Processed Food. Potential restraints include: Increased Consumer Awareness On Side-Effects Of Chemical Additives. Notable trends are: Increasing Demand For Fortified Vegetable Oils.

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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

This statistic depicts the market volume of vegetable oil worldwide from 2011 to 2018. In 2018, the global market size of vegetable oil was about 200.1 million tons, up from 152 million tons in 2011.

The Peru vegetable oil market size is projected to grow at a CAGR of 7.70% between 2025 and 2034. The market is being aided by increasing health consciousness and the rising demand for soybean oil-based lubricants.

The Hydrotreated Vegetable Oil (HVO) market is witnessing a dynamic transformation as the call for sustainable and cleaner fuel alternatives mounting. The HVO market value was roughly USD 19 billion in 2023 and grew sharply in 2024 with a year-on-year growth of 11.4% to USD 21.2 billion.

Semi-Annual Market Update

Country-wise Insights

Category-Wise Insights

Vegetable oil market size and share is estimated to be USD 820.5 Billion by 2034, with a CAGR of 7.9% during the forecast period.

This statistic depicts the market value of vegetable oils worldwide in 2015, with a forecasted figure for 2020. In 2015, the global market value of vegetable oil was 86.5 million U.S. dollars.

Oils Price Index in World decreased to 152.20 Index Points in May from 158 Index Points in April of 2025. This dataset includes a chart with historical data for World Oils Price Index.

The global edible vegetable oil market, valued at $316.1 million in 2025, is poised for significant growth. While the exact CAGR isn't provided, considering the substantial demand driven by increasing global population, rising disposable incomes, and changing dietary habits, a conservative estimate of a 5% CAGR over the forecast period (2025-2033) is reasonable. This growth is fueled by several key factors. The expanding food industry, particularly in developing economies, is a major driver, creating significant demand for various vegetable oils in processed foods, cooking, and food service. Furthermore, the biofuel sector's increasing reliance on vegetable oils as a sustainable alternative energy source is contributing to market expansion. Growth in the personal care sector, using vegetable oils in cosmetics and skincare products, also boosts the market. However, the market faces challenges such as fluctuating crude oil prices impacting production costs, concerns regarding the environmental impact of palm oil production (a significant player though not explicitly listed), and potential health concerns associated with high saturated fat content in some oils. Segmentation within the market is diverse, with soybean oil, palm oil (estimated significant presence), and sunflower oil leading in terms of volume, followed by others including peanut, rapeseed, olive, and coconut oils. Different applications, ranging from culinary uses to industrial applications like wood finishing and biofuel, contribute to the market's multifaceted nature. The projected growth trajectory suggests a market exceeding $500 million by 2033, considering the aforementioned 5% CAGR. This expansion will be driven by continuous innovation in oil extraction and processing techniques, leading to improved quality and efficiency. The rising demand for health-conscious options will also fuel the growth of specialized oils with specific health benefits. Furthermore, the increasing awareness of sustainability is likely to promote the adoption of eco-friendly cultivation and processing methods, addressing concerns regarding environmental impact. Regional variations will likely exist, with Asia-Pacific, particularly China and India, expected to showcase robust growth given their large populations and burgeoning food industries. North America and Europe are expected to maintain steady growth driven by a combination of health-conscious consumption and industrial applications.

The Cooking Oil Market report segments the industry into By Product Type (Palm Oil, Rapeseed Oil, Sunflower Oil, Peanut Oil, Other Types), By Application (Bakery and Confectionery, Snack Foods, Salads and Cooking Oils, Margarine, Fillings, and Spreads, Other Applications), and By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa).