Edible Oil Market Global Market Size 2025 – 2035
Market Overview:
The global edible oil market was valued at USD 245.2 billion in 2024 and is expected to reach USD 412.8 billion by 2035, growing at a compound annual growth rate (CAGR) of 4.85% from 2025 to 2035. The market includes oils derived from plant and animal sources that are safe for human consumption, such as palm oil, soybean oil, sunflower oil, canola oil, olive oil, and coconut oil.
Key drivers of market growth include increasing health awareness, population growth, and the demand for processed and convenience foods. However, sustainability concerns, especially regarding palm oil production, have pushed the demand for non-GMO and organic oils, which is further promoting innovation in the market.
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Segmental Analysis
Market Segmentation by Oil Type:
• Vegetable Oils: These oils, including palm, soybean, sunflower, and canola oils, account for the largest market share due to their affordability and widespread use in cooking and food production.
• Health-Conscious Oils: Oils like olive oil and avocado oil, known for their heart-healthy benefits, are becoming increasingly popular among health-conscious consumers.
Processing Method:
• Refined Oils: Refined oils are the most consumed oils globally due to their long shelf life, neutral taste, and stability at high cooking temperatures.
• Cold-Pressed Oils: Cold-pressed oils, which retain more nutrients and natural flavors, are gaining traction as consumers shift toward healthier options.
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Regional Insights:
• Asia-Pacific: The region is the largest consumer of edible oils, driven by growing populations in countries like China, India, and Indonesia.
• Europe: There is increasing demand for olive oil and canola oil, driven by health trends and sustainability concerns.
Regional Overview
The global edible oil market is expected to see significant growth across various regions:
• Asia-Pacific is the largest market for edible oils, driven by the high consumption of oils in cooking and food processing. China and India are the largest consumers of palm oil and soybean oil.
• North America and Europe are seeing a shift toward healthier oils, such as olive oil and canola oil, owing to growing health awareness among consumers.
• Africa is experiencing steady growth in edible oil consumption as urbanization and income levels rise.
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Key Drivers and Challenges
• Health and Wellness Trends:
Rising consumer awareness about health risks associated with unhealthy fats, such as trans fats, is driving demand for healthier oils like olive oil, canola oil, and sunflower oil.
• Sustainability Concerns:
The environmental impact of palm oil production has led to increased demand for non-GMO and organic alternatives. This has pushed manufacturers to innovate and offer more sustainable options in the market.
• E-commerce Growth:
The rise of e-commerce platforms has made it easier for consumers to access a wide variety of oils, including premium and organic options, further boosting the market growth.
Competitive Landscape
The edible oil market is highly competitive, with major global players including Cargill, ADM, Wilmar International, and Sime Darby. The market remains fragmented with a combination of large multinational corporations and smaller regional players. The competition is expected to intensify as companies continue to innovate and address consumer demands for healthier, organic, and sustainable oil options.
Recent Developments:
• Wilmar International has announced its strategic partnership with Adani Commodities to expand its footprint in the edible oil market.
