Global Edible Oil Market Size Likely to Grow at a CAGR of 4.06% By 2034

Edible Oil Market Size

As per the Edible Oil Market size analysis conducted by the CMI search Team, the global Edible oil market is expected to record a CAGR of 4.06% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 253.67 Billion. By 2034, the valuation is anticipated to reach USD 362.80 Billion.

Edible Oil Market Overview

Global edible oil market trends shift at a rapid rate as consumers increasingly move toward healthier, sustainable, and premium oil varieties. Leading players are broadening their portfolios to include organic, non-GMO, and fortified edible oils to address changing consumer preferences.

In Southeast Asia, corporations like Wilmar International and Sime Darby Berhad are ramping up production of sustainable palm oil driven by stricter global regulations and a growing concern with environmental issues. In Europe, companies like Associated British Foods plc are investing considerably in producing specialty oils that comply with the clean-label and health-oriented trends.

North American market leaders ADM and Bunge are leveraging strategic partnerships and leading-edge refining technology to bring traceability, quality, and innovation to the product. It is all in response to an expanded global move toward transparency, health, and sustainability in the edible oil industry that is being catalyzed by public policy and private investment.

Edible Oil Market Growth Factors and Dynamics

• Growing World Population, Growing Food Demand: The world population is also growing increasingly, especially in regions like Asia and Africa. Such growth automatically increases the demand for staple foods such as edible oils that are used daily for cooking. Urbanization and improved incomes are transforming diets to more processed foods and diverse cuisines, which tend to need higher edible oil consumption. For example, in February 2023, Cargill spent USD 0.035 billion increasing its edible oil business in South India by acquiring and modernizing a facility in Nellore, Andhra Pradesh. It rolled out Gemini Pureit, a highly rated sunflower oil brand, in four southern states to address increasing demand in a market that accounts for two-thirds of India’s sunflower oil consumption but remains underpenetrated. This is a significant strategic move to increase Cargill’s in-country presence and supply both retail and institutional customers.

• Growing Health Consciousness toward Vegetable Oil Advantages: The customer is becoming increasingly health-conscious and, as such, more positive towards low-saturated-fat and favorable fatty acid-rich oils such as olive oil, sunflower oil, and canola oil. This shift has turned the direction of manufacturing and promotion towards healthier edible oil types. For example, in January 2024, Cargill was the first global edible oils supplier to completely satisfy the World Health Organization’s (WHO) best practice requirements for the elimination of industrially produced trans-fatty acids (iTFAs) across its entire global portfolio. This achievement is the culmination of decades of investment and innovation, with all Cargill fats and oils containing no more than 2 grams of iTFA per 100 grams of product, even where iTFA legislation is not in place. Cargill’s leadership contributes to public health by lowering heart disease-causing trans fats and challenges other industry players to advance to remove iTFAs from products.

• Advances in Technology’s Oil Refining and Extraction: Technology has revolutionized the extraction and refining of edible oils. Growth like cold pressing, enzymatic extraction, and low-chemical refining provides nutritional value alongside increased yields and environmental sustainability. For example, in May 2021, ADM is investing around $0.35 billion to construct North Dakota’s first sole soybean crushing and refining plant in Spiritwood, with a processing capacity of 150,000 bushels per day, with an aim for food, feed, industrial, and renewable diesel markets. The plant, scheduled to open before the harvest in 2023, plans to benefit regional farmers and drive sustainable, low-carbon feedstocks. Further, ADM is adding refining and storage capacity at its Quincy, Illinois, plant with an investment of $0.25 billion to better address increasing demand for plant-based solutions by early 2022.

Report Scope

Edible Oil Market SWOT Analysis

• Strengths: Edible oil business is supported by some significant strengths in the form of major consumers and widespread applications in cooking, food processing, cosmetics, and pharma. The business is supported by different types of oils such as palm, soybean, sunflower, and canola, which are appropriate for certain regional tastes and dietary needs. Additionally, rising health-oriented consumer decisions, such as olive oil and other heart-friendly oils, propel the growth of the market. Existing supply chains and availability of domestic as well as imported oils also favor the market’s resilience and accessibility.

• Weaknesses: The edible oil market’s major weakness is its reliance on agricultural raw materials, which are vulnerable to climate change, weather conditions, and geopolitical concerns. These disruptions can lead to supply shortages, price volatility, and potential market instability. Furthermore, increasing pressure about the environmental impacts of palm oil production, such as deforestation, has led to calls for more sustainable processes, which would drive up the cost of production. The market is further plagued by health issues regarding the consumption of some oils that are rich in trans fats or saturated fats, influencing buying behaviour.

• Threats: The market for food oil faces massive threats from emerging economies where urbanization and growing income levels are fueling demand for processed food and convenience. Growth within underpenetrated markets in Africa and parts of South Asia offers substantial opportunity for growth. The trend toward healthier oils like extra virgin olive oil and avocado oil provides an opportunity for diversification and product innovation. Additionally, increased interest in organic and sustainable oils also offers opportunities for businesses to come up with environmentally friendly products in response to growing demand for ecologically friendly alternatives.

• Threats: Some threats that the edible oil industry poses to itself involve unstable prices for raw material arising from impacts such as climate change, trading restrictions, and swings in farm yield. Unpredictable costs might affect profit-making by the producers and can ruin supply channels. Another significant risk is the growing awareness of the health and environmental impacts of certain oil types, such as palm oil, which could lead to stricter regulations and consumer resistance. Furthermore, the market is highly competitive with numerous local and international players vying for market share, potentially leading to price wars and reduced profit margins. In addition, the persistent issues in international trade and supply chain interruptions, particularly during periods of geopolitical tensions or economic turmoil, can threaten market stability.

List of the prominent players in the Edible Oil Market:

• ADM
• Bunge
• Associated British Foods plc
• Wilmar International Ltd
• United Plantations Berhad
• Sime Darby Berhad
• BORGES AGRICULTURAL & INDUSTRIAL EDIBLE OILS S.A.U.
• Cargill Incorporated
• GrainCorp
• Hebany
• Aceitera General Deheza
• Vicentin S.A.I.C.
• Tradizione Italiana
• EFKO Group
• Nutiva Inc.
• American Vegetable Oils Inc.
• Sunora Foods
• Lumen Technologies
• Contentful
• Webflow
• Bynder
• Contentstack
• Brightspot
• Hygraph
• Kontent ai
• Others

The Edible Oil Market is segmented as follows:

By Product Type

• Palm Oil
• Soybean oil
• Sunflower Oil
• Rapeseed Oil
• Others

By Packaging Type

• Pouches
• Jar
• Cans
• Bottles
• Others

By End-use Analysis 

• Domestic
• Industrial
• Food Service

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America