Edible Oil And Fats Market Report 2024 (Global Edition)

Global Edible Oil And Fats Market Report 2024 Market Size Split by Type (Edible Oil , Edible Fats ), by End-use (Food & Beverage , Personal Care & Cosmetics , Biofuel & Energy , PharmaceuticalsÂ...

Edible Oil And Fats Market Report Description

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Competitive Landscape of the Edible Oil And Fats Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge products, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Edible Oil And Fats Industry: (In no particular order of Rank)

• Cargill Inc.
• Bunge Limited
• Archer Daniels Midland Company (ADM)
• Wilmar International Ltd.
• IOI Corporation Berhad
• Musim Mas Holdings Pte. Ltd.
• Golden Agri-Resources Ltd.
• AAK AB
• Intercontinental Exchange (ICE)
• Unilever.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Edible Oil And Fats

Which Region Dominates the Edible Oil And Fats Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for edible oils and fats is expanding in North America due to a number of causes, including growing disposable incomes, a growing health-conscious customer base, and a desire for better oil options like avocado and olive oil. The shift in consumer tastes toward natural and organic goods is another factor driving the market's growth in the area.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase, in the sales of reagents. The market for edible oils and fats in Europe is growing for a number of reasons. The market for healthier products like canola and olive oil is driven by trends in health-conscious consumer behavior. Concerns about sustainability also drive the market toward environmentally friendly production techniques. A shift in dietary preferences toward natural and organic products as well as rising disposable incomes are factors driving the market's growth trajectory in the area.

The current report Scope analyzes Edible Oil And Fats Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Edible Oil And Fats Market

According to Cognitive Market Research, the global Edible Oil And Fats market size was estimated at USD 218541.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 87416.48  million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. 

The market for edible oils and fats in North America is expanding steadily due to a number of causes. The growing trend of health-conscious consumers is driving up demand for better oil options, such as avocado and olive oils. The region's shifting dietary tastes toward natural and organic products, coupled with rising disposable incomes, are also driving market expansion. The organic oils and fats market is one noteworthy sector that is expanding, indicating consumer preferences for goods devoid of artificial chemicals and pesticides. In summary, the market for edible oils and fats in North America is expected to continue expanding due to shifting consumer tastes and an increasing focus on sustainability and health.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Edible Oil And Fats market with a market size of USD 68971.60 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the health-conscious consumer base opting for healthier oil options.
• The Canada Edible Oil And Fats market had a market share of USD 10489.98 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's strong industrial demand for fats in food processing and cosmetics industries.
• The Mexico Edible Oil And Fats market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 7954.90 million in 2024.

 

Europe Edible Oil And Fats Market

According to Cognitive Market Research, with a market value of USD 218541.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 65562.36 million. The market for edible oils and fats is expanding significantly in Europe due to a number of causes. Concerns about sustainability are driving demand for eco-friendly production methods, while health-conscious customers are driving demand for healthier options like canola and olive oil. The market for specialty oils is one area that is clearly growing, as demand for oils like avocado and coconut for use in cooking and cosmetics rises. The market for edible oils and fats in Europe is expected to develop in the coming years due to customer demand for sustainable and healthier goods in a variety of industries.

• The United Kingdom Edible Oil And Fats market had a market share of USD 11014.48 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Edible Oil And Fats sales witness an upswing due to the growth in food processing industry increasing demand for edible oils.
• The France Edible Oil And Fats market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 6031.74 million in 2024.
• According to Cognitive Market Research, the Germany Edible Oil And Fats market size was valued at USD 12981.35 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Edible Oil And Fats sales surge due to the emphasis on organic and sustainable products.
• The Italy Edible Oil And Fats market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 5638.36 million in 2024.
• The Russia Edible Oil And Fats market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 10162.17 million in 2024.
• The Spain Edible Oil And Fats market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 5376.11 million in 2024.
• The Luxembourg Edible Oil And Fats market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 2032.43 million in 2024.
• The Portugal Edible Oil And Fats market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 1376.81 million in 2024.
• The Greece Edible Oil And Fats market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 786.75 million in 2024.
• Rest of Europe Edible Oil And Fats market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 10162.17 million in 2024.

Asia Pacific Edible Oil And Fats Market

According to Cognitive Market Research, the global Edible Oil And Fats market size was estimated at USD 218541.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 50264.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. 

The market for edible oils and fats is booming in the Asia Pacific area for a number of reasons. Cooking oils and fats are being consumed at an increasing rate due to population expansion, rapid urbanization, and rising disposable incomes. The palm oil market is one area that is expanding remarkably, driven by the product's affordability and adaptability in a range of uses. Concerns regarding environmental effect and sustainability notwithstanding, palm oil continues to be a major participant in the edible oils business in the region. In general, the market for edible oils and fats in Asia Pacific is expected to grow further due to the region's developing economies and changing eating patterns.

• According to Cognitive Market Research, the China Edible Oil And Fats market size was valued at USD 22619.01 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Edible Oil And Fats sales surge in China due to the rising urbanization and disposable incomes.
• The Japan Edible Oil And Fats market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 6936.50 million in 2024.
• The India Edible Oil And Fats market had a market share of USD 6031.74 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by India's shift towards healthier cooking oils amidst health concerns.
• The South Korea Edible Oil And Fats market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 5026.45 million in 2024. 
• The Australia Edible Oil And Fats market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 2613.75 million in 2024.
• The South East Asia Edible Oil And Fats market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 3468.25 million in 2024.
• The Rest of Asia Pacific Edible Oil And Fats market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 3568.78 million in 2024.

South America Edible Oil And Fats Market

According to Cognitive Market Research, the global Edible Oil And Fats market size was estimated at USD 218541.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 10927.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The market for edible oils and fats in Latin America is expanding due to a number of factors, including changing dietary preferences, rising health consciousness, and population increase. The market for avocado oil is one that is experiencing notable expansion because of its purported health benefits and culinary diversity. Notwithstanding obstacles including shifting commodity prices and environmental worries, Latin America continues to be a major force in the world market for edible oils. Due to its abundant agricultural resources and rising demand, the area is well-positioned to grow further and present profitable prospects for both foreign and domestic producers.

• According to Cognitive Market Research, the Brazil Edible Oil And Fats market size was valued at USD 4676.78 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Edible Oil And Fats sales flourish in Brazil due to growth in population and disposable incomes driving consumption.
• The Argentina Edible Oil And Fats market had a market share of USD 1835.75 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by Argentina's commitment to demand for convenience foods supporting use of edible oils in processed products.
• The Colombia Edible Oil And Fats market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 972.51 million in 2024.
• The Peru Edible Oil And Fats market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 896.02 million in 2024.
• The Chile Edible Oil And Fats market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 786.75 million in 2024.
• The Rest of Latin America Edible Oil And Fats market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 1759.26 million in 2024.

 

Middle East and Africa Edible Oil And Fats Market

According to Cognitive Market Research, the global Edible Oil And Fats market size was estimated at USD 218541.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 4370.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. The market for edible oils and fats in the Middle East and Africa is expanding steadily due to variables such population increase, urbanization, and shifting dietary habits. The market for olive oil is one area that is noticeably growing, driven by rising consumer knowledge of its culinary variety and health advantages. Notwithstanding obstacles like political unrest and a lack of water, the region's rich agricultural resources present a substantial opportunity for future market expansion. The Middle East and Africa have the potential to emerge as major players in the global edible oils market due to the growing desire for sustainable and healthier alternatives.

• According to Cognitive Market Research, the GCC Countries Edible Oil And Fats market size was valued at USD 1870.71 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Edible Oil And Fats sales flourish in the GCC Countries due to the 
• The Egypt Edible Oil And Fats market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 458.94 million in 2024.
• The South Africa Edible Oil And Fats market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 690.59 million in 2024. Edible Oil And Fats sales flourish in the South Africa due to increasing health consciousness leading to demand for healthier oils like olive oil.
• The Turkey Edible Oil And Fats market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 375.89 million in 2024.
• The Nigeria Edible Oil And Fats market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 458.94 million in 2024.
• The Rest of MEA Edible Oil And Fats market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 515.76 million in 2024.

Edible Oil And Fats Market Analysis

Edible Oil And Fats Product Segment Analysis

According to Cognitive Market Research, Edible Oil held the major market share over the forecast period. Due to growing demand for cooking oils and fats brought on by population expansion, urbanization, and shifting dietary habits, the worldwide edible oils market is expanding steadily. Market expansion is aided by rising disposable incomes and a move toward healthy oils like canola, avocado, and olive oil. The sector is expanding due to rising awareness of sustainability and technological breakthroughs in extraction procedures.

Edible Fats is the fastest-growing category over the forecast period. Due to a number of causes, the edible fats section of the edible oils and fats market is expanding. Demand is driven by shifting consumer preferences toward healthy fats including unsaturated and plant-based fats. Market expansion is further aided by the growing use of healthy cooking oils and the growing appeal of specialty fats for industrial uses. Growing health consciousness and changing food patterns also contribute to this increase.

• Edible Oil 
• Edible Fats 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Edible Oil And Fats Industry. Request a Free Sample PDF!

Edible Oil And Fats End Use Segment Analysis

According to Cognitive Market Research, Food & Beverage hold a prominent market share. The market for edible oils and fats is growing primarily due to the food and beverage industry. Avocado, canola, and olive oils are in higher demand as customer attitudes change in favor of healthier options. The food industry's emphasis on developing innovative products and using healthier ingredients also helps to drive market expansion. The growing use of edible oils and fats in food products is also a result of urbanization and rising disposable incomes.

Personal Care & Cosmetics is the fastest-growing category over the forecast period. Because these ingredients are used in a variety of products, the personal care and cosmetics sectors are propelling expansion in the edible oils and fats market. Oils like coconut, jojoba, and argan are becoming more and more well-liked because of their advantageous qualities for makeup, skincare, and haircare. Demand is further fueled by consumer preferences for natural and organic products, which is driving market expansion in this industry.

• Food & Beverage 
• Personal Care & Cosmetics 
• Biofuel & Energy 
• Pharmaceuticals 
• Others 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Edible Oil And Fats Nature Segment Analysis

According to Cognitive Market Research, Organic, held the major market share over the forecast period. The market for edible oils and fats is growing mostly due to the organic segment. Demand for organic oils and fats has increased as consumers' awareness of sustainability in the environment and health has grown. Organic products, like organic coconut oil and olive oil, are becoming more popular as consumers look for goods devoid of artificial chemicals and pesticides. The strict requirements for organic certification serve as additional support for this trend.

Conventional is the fastest-growing category over the forecast period. Even if the organic industry is expanding, conventional edible oils and fats continue to rule the market because of their greater accessibility and more affordable rates. These oils, which include sunflower, palm, and soybean oil, serve a wider range of customers, including those who are budget conscious. Furthermore, despite the emergence of organic alternatives, conventional oils continue to develop and dominate the market due to their widespread use in a variety of food processing applications.

• Organic 
• Edible Oil 
• Edible Fats 
• Conventional 
• Edible Oil 
• Edible Fats 

Edible Oil And Fats Source Segment Analysis

According to Cognitive Market Research Natural held the major market share over the forecast period. The market for edible oils and fats is rising because consumers are becoming more and more interested in natural products. More and more consumers are looking for oils and fats that come from natural sources without any artificial ingredients or preservatives. Due to their perceived health benefits and adaptability in cooking and food preparation, natural choices including avocado, coconut, and olive oils are becoming more and more popular, which is driving market growth.

Synthetic is the fastest-growing category over the forecast period. The market for edible oils and fats is not significantly driven by synthetic oils and fats. The need for synthetic alternatives has decreased as customer preferences shift more and more toward natural and organic items. Consumers are choosing more natural options due to worries about the health effects of synthetic ingredients and processing techniques. As a result, there is still room for growth in this market for synthetic oils and fats.

• Natural 
• Synthetic 

Edible Oil And Fats Distribution Channel Segment Analysis

According to Cognitive Market Research, Online held the major market share over the forecast period. The market for edible oils and fats is expanding thanks in large part to the online retail industry. Online purchasing makes it easier for customers to obtain a wide range of products, including specialist oils and fats. Online platforms give customers a practical way to research and buy many possibilities, which helps the market grow internationally.

Offline is the fastest-growing category over the forecast period. The market for edible oils and fats continues to grow significantly due in large part to offline retail channels. Even with the popularity of internet shopping, a lot of people still choose buying food and groceries from physical stores. By providing a large assortment of edible oils and fats, offline retailers support the market's ongoing growth through conventional retail channels and accommodate a range of consumer preferences.

• Online 
• Offline

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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