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

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

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.

Oils Price Index in World increased to 169.10 Index Points in August from 166.80 Index Points in July of 2025. This dataset includes a chart with historical data for World Oils Price Index.

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 global vegetable oil market reached a volume 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.

Hydrotreated Vegetable Oil Market was valued at USD 13.26 billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 4.76% through 2029.

The Europe Vegetable Oil Industry Report is Segmented by Type (Palm Oil, Soybean Oil, Rapeseed Oil, and More), Nature (Conventional and Organic), End User (Food Industry, Animal Feed, Pharmaceutical, and More), and Geography (Spain, United Kingdom, France, Germany, Russia, Italy, and More). The Market Forecasts are Provided in Terms of Value and Volume (USD and Tons).

The Vegetable Oil Market size was valued at USD 384.89 Million in 2023 and is projected to reach USD 637.31 Million by 2032, exhibiting a CAGR of 7.47 % during the forecast periods. 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.

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.

Palm Oil: The most consumed vegetable oil globally, primarily used in food processing and cosmetics due to its high saturated fat content and heat tolerance. Soybean Oil: A widely used oil in food preparation and salad dressings, with a neutral taste and high levels of unsaturated fats. Canola Oil: A heart-healthy alternative to other vegetable oils, with a high concentration of monounsaturated and polyunsaturated fats. Peanut Oil: Known for its nutty flavor and high smoke point, commonly used in Asian and Southern American cuisine. Olive Oil: A premium oil valued for its health benefits and distinct flavor, predominantly produced in the Mediterranean region. Others: Includes a range of vegetable oils such as sunflower oil, corn oil, and coconut oil, each with unique properties and applications. Notable trends are: Increasing consumer preference for healthy eating will promote market growth.

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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

Global Vegetable Oil Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.78% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 530.61 Billion by the end of 2033, up from USD 348.55 Billion in 2024.

The Global Vegetable Oil market size to cross USD 530.61 Billion in 2033. [https://edison.va

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 Cooking Oil Market Report is Segmented by Product Type (Palm Oil, Soybean Oil, Rapeseed/Canola Oil, and More), Processing Type (Refined, and Unrefined), End User (Food Processing, Foodservice/HoReCa, and Retail), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

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 ***** million tons, up from *** million tons in 2011.

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Edible Oil Market Size 2025-2029

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

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

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

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

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

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

How is this Edible Oil Industry segmented?

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

End-user

  Retail
  Food service
  Food processor


Packaging

  Pouches
  Bottles
  Jars
  Cans


Type

  Palm oil
  Soybean oil
  Sunflower oil
  Mustard oil
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

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

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 Hydrotreated Vegetable Oil Market size is expected to reach a valuation of USD 55.40 billion in 2033 growing at a CAGR of 13.2%. The Hydrotreated Vegetable Oil Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

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.