Worldwide Edible Oils and Fats Industry Size: Insights, Growth Trends and Forecast
Report ID : 1313615 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Edible Oils And Fats Industry is categorized based on Vegetable Oils (Palm Oil, Soybean Oil, Sunflower Oil, Canola Oil, Cottonseed Oil) and Animal Fats (Lard, Tallow, Fish Oil, Butter, Ghee) and Processed Oils (Refined Oil, Blended Oil, Cold-pressed Oil, Extra Virgin Oil, Organic Oil) and Specialty Fats (Cocoa Butter, Margarine, Shortenings, Cooking Fats, Bakery Fats) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
In 2023, the size of the Edible Oils And Fats Industry was valued at 150 billion USD and is anticipated to reach 250 billion USD by 2033, expanding at a 5.2% CAGR between 2024 and 2033. The report encompasses multiple segments and provides an analysis of significant trends and factors impacting the market.
Before anything else, we need to understand that the Edible Oils and Fats Market is a key part of global food agriculture, and is continuously propelled further by the increasing popularity of cooking oil, nutrition fats, as well as specialty oils. With the increase in, especially Western cultures, health and wellness societies, there is a shift toward utilitarian oils like palm, olive or coconut oil. The manufacturers are motivated to expand their product portfolios to serve diverse needs. The market conditions are also blended by economic growth, food choices, as well as the popularity of plant based diets.
Apart from health reasons, there is a growing trend of sustainability and environmental awareness which is affecting the Edible Oils and Fats Market. Consumers are relatively more conscious of products that are sustainably sourced and have lower environmental footprints. As a result, many companies are adopting more innovative forms of sustainable wasteful free supply chains, around sourcing, agriculture, packaging and distribution. As the market emerges, the stakeholders have to manage these intricate systems to benefit from new opportunities as well as the constraining factors as rules and commodity prices changes.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Cargill Inc., Archer Daniels Midland Company, Bunge Limited, Wilmar International Limited, Unilever PLC, IOI Corporation Berhad, Adani Wilmar Limited, Kraft Heinz Company, Marico Limited, Mewah International Inc., Musim Mas Holdings |
| SEGMENTS COVERED |
By Vegetable Oils - Palm Oil, Soybean Oil, Sunflower Oil, Canola Oil, Cottonseed Oil
By Animal Fats - Lard, Tallow, Fish Oil, Butter, Ghee
By Processed Oils - Refined Oil, Blended Oil, Cold-pressed Oil, Extra Virgin Oil, Organic Oil
By Specialty Fats - Cocoa Butter, Margarine, Shortenings, Cooking Fats, Bakery Fats
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Edible Oils And Fats Industry Dynamics
The Edible Oils And Fats Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Edible Oils And Fats Industry Segmentations
Market Breakup by Vegetable Oils
- Overview
- Palm Oil
- Soybean Oil
- Sunflower Oil
- Canola Oil
- Cottonseed Oil
Market Breakup by Animal Fats
- Overview
- Lard
- Tallow
- Fish Oil
- Butter
- Ghee
Market Breakup by Processed Oils
- Overview
- Refined Oil
- Blended Oil
- Cold-pressed Oil
- Extra Virgin Oil
- Organic Oil
Market Breakup by Specialty Fats
- Overview
- Cocoa Butter
- Margarine
- Shortenings
- Cooking Fats
- Bakery Fats
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Edible Oils And Fats Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Cargill Inc.
- Archer Daniels Midland Company
- Bunge Limited
- Wilmar International Limited
- Unilever PLC
- IOI Corporation Berhad
- Adani Wilmar Limited
- Kraft Heinz Company
- Marico Limited
- Mewah International Inc.
- Musim Mas Holdings
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Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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