Global Edible Oil Market 2025 – 2034

Reports Description

As per the Edible Oil Market 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 is a prominent food industry segment that offers necessary cooking and food preparation oils like palm, soybean, sunflower, olive, and canola. As the global population grows, urbanization takes place, and there are dietary shifts edible oil demand increases continuously.

Consumers are increasingly demanding healthier options, pushing producers to develop oils that contain very little trans fat, higher nutritional content, and non-GMO or organic labels. Some of the other market leaders, such as ADM, Bunge, Wilmar International, and Associated British Foods plc, are constantly searching for product innovation, sustainable sourcing, and market growth to meet changing consumer demand.

At the same time, the edible oils market must face fluctuating raw material prices, the effects of climate change on crop yields, and evolving trade regulations. Governments around the world are establishing regulations on a foundation of sustainability, food security, and health norms impacting production and trading patterns.

Innovation in technology through oil processing methods, increased uptake of blended oils, and efforts towards attaining transparency and traceability are shaping the future of the market. Hence, the food oil industry is moving towards a healthier, more sustainable, and more robust growth path globally.

Edible Oil Market Key Growth Drivers

The Edible oil market Trends have tremendous growth opportunities due to several reasons:

• Growing World Population, Growing Food Demand: The world population is also growing increasingly, especially in regions like Asia and Africa. This 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 to increase 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 Towards Vegetable Oil Advantages: The customer is becoming increasingly health-conscious and, as such, increasingly positive towards low-saturated-fat and favorable fatty acid-rich oils such as olive oil, sunflower oil, and canola oil. This 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 of 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.

Edible Oil Market Key Threats

The Edible oil market has several primary threats that will influence its profitability and future development. Some of the threats are:

• Volatility of Raw Material Prices: Edible oil manufacture heavily depends on raw material crops like palm, soybeans, and sunflower seeds. Weather, wars, and export bans have the power to result in price increases, which are mammoth threats to manufacturers and distributors. For example, Indian imports of palm oil during April 2025 will touch a five-year low due to its price- and production-conscious consumers switching over to cheaper substitutes like sunflower and soybean oils. Palm oil production is anticipated to be raised in Indonesia and Malaysia but cut short due to Indonesia’s rising biodiesel program. Palm oil prices are expected to decline between 3,600 and 4,100 ringgit per metric ton during April-November, with Indian imports expected to drop to 7.5 million metric tons during the marketing year 2024/25.

• Consequences of Climate Change on Edible Oil Production and Supply of Oilseeds: Climate change has consequences on the cultivation of oilseeds through weather shocks, pests, and disease. It reduces their yield and also affects edible oil production and global supply chains, leading to shortages and price fluctuations. Hence, Indian farmers have lowered rapeseed sowing by as much as 10% in the 2024/25 crop year in November 2024 due to a record sowing temperature, taming germination and seedling growth. Other farmers are opting for more heat-resistant and lucrative crops such as wheat, potatoes, and chickpeas. Although the government increased the minimum support price of rapeseed by 5.3%, issues of returns and competition from other crops have capped its popularity. Thus, rapeseed production is estimated to decline to about 11.7 million tonnes, leaving India more dependent on the import of edible oils like palm, soybean, and sunflower oil. This diminished domestic supply will further keep the market tight and prices elevated in the short run.

Edible Oil Market Opportunities

• Premium and Specialty Oil Development: Premium and specialty edible oils such as walnut oil, flaxseed oil, and avocado oil become more sought after. They possess some health advantages and distinct flavors, through which companies can achieve better margins and win healthy consumers. For instance, Bunge India deepened its Telangana roots in August 2024 with the launch of Fiona Refined Sunflower Oil in Hyderabad, where a VitoProtect special variant increased uptake of key vitamins A, D, and E into foods by up to 50% over normal sunflower oils. The company seeks to take advantage of Telangana’s expanding sunflower oil market with the health advantages of Fiona for better cooking. The brand has been endorsed by actress Lavanya Tripathi on the grounds that it is ideal for families looking for health as well as flavor in cooking oil.

• Growth of Underpenetrated Markets: Growth in underpenetrated markets, especially in countries like Africa, South Asia, and Latin America, is one of the major growth opportunities for edible oil brands. The countries have fast-developing populations along with changing eating habits towards a higher consumption of vegetable oils. In spite of the huge population of the countries, they are fairly underpenetrated by large edible oil players, and the countries provide virgin ground with huge sale opportunities. With increasing economic growth, especially in emerging economies, demand for cooking oils rises, which can be fulfilled by companies through channel expansion and value-added products. This demand is also augmented by rising disposable incomes, urbanization, and changes in lifestyle, all of which combined lead to greater reliance on processed food and oil.

Edible Oil Market Category-Wise Insights

By Product Type

• Palm Oil: Palm oil is extracted from the fruit of the oil palm tree and is used extensively in cooking, baking, and food processing because of its stability and affordability. For example, in April 2025, Chinese and Indian demand for palm oil is likely to pick up over the next few months as prices have become relatively more competitive versus substitutes such as soybean oil, the Malaysian Palm Oil Council (MPOC) has said; both nations are likely to boost imports to restock before the summer season, while Malaysian output continues to be lackluster and inventories are likely to expand only modestly on account of poor year-on-year production, especially in Sabah.

• Soybean Oil: Soybean oil is derived from soybeans and finds widespread applications in frying and as a food product ingredient. For example, during April 2025, Market volatility continues to be high due to uncertainty surrounding trade negotiations, with recent weeks having seen rising long and short positions in corn and soybeans. But overall sentiment remains bullish, particularly as Japan has indicated possible import upgrades and U.S. soybean oil futures experienced multi-month highs. U.S. export grain traders remain hopeful despite ideal growing weather and robust South American crops, yet the U.S.-China trade war and Brazil’s record soybean crop introduce complexity. Wheat markets remain subdued despite favorable weather and world competition.

• Sunflower Oil: Sunflower oil is derived from sunflower seeds and is light in flavor with a high smoking point, ideal for frying and dressing salads. To give an example, in Feb 2023, Cargill has grown its edible oil business in South India bigger and stronger by introducing Gemini Pureit, India’s No. 1 quality sunflower oil brand, in Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. This expansion is complemented by a $0.35 billion facility expansion in Nellore, Andhra Pradesh, enhancing Cargill’s output capacity for sunflower oil, refined palm oil, vanaspati, and bakery shortenings. Gemini, the market leader in Maharashtra and renowned for high-quality products, will address the growing demand in South India, which accounts for almost two-thirds of the nation’s sunflower oil but is still underpenetrated. Having had operations in India since 2001, Cargill is building its market presence and supply chain while remaining committed to offering premium, trusted edible oil brands.

• Rapeseed Oil: Rapeseed oil, or canola oil, is a multi-purpose vegetable oil that is derived from the seeds of the canola plant, which is a cultivar of the common rapeseed. It is employed widely in food preparation due to its light flavor, high smoke point, and healthy fat composition, with low saturated fats and high monounsaturated fats. It is also heavily utilized as an addition to margarine, salad dressings, and prepared foods. The bland flavor and health-promoting qualities of rapeseed oil, such as omega-3 fatty acids, have won it over the kitchens of home cooks and the food processing industry alike.

• Others: In the food oils category, there are a few others that have olive oil, coconut oil, and palm kernel oil, which provide various different features and uses. Olive oil, with its health benefits and taste, is a major food item in Mediterranean diets and is mostly used for cooking, dressing, and marinating. Coconut oil, containing a high level of saturated fats, is also being extensively used for frying, baking, and as a daily ingredient in cosmetics. Palm kernel oil, present in the seed of the oil palm fruit, is being used in food processing, confectioneries, and cosmetics because it is stable in heat and inexpensive. All these oils play a vital part in both food and industrial economies.

By Packaging Type

• Pouches: Pouches are flexible containers made from various materials, commonly used for packaging edible oils in smaller quantities. For instance, Nichrome India Ltd offers advanced automatic oil filling machines tailored for this trend, including the Multilane Stickpack for very small sachets (5-30 ml) ideal for travel and hospitality sectors and the Filpack Servo SMD for slightly larger flexible pouches (50-1000 ml) suitable for edible oils, ghee, and other viscous products. These machines help manufacturers efficiently produce high-quality, hygienic packaging that caters to both urban and rural markets, supporting expansion into smaller towns with cost-effective solutions.

• Jars: Jars are rigid containers, typically made of glass or plastic, used for packaging edible oils, especially in premium segments. For instance, in October 2023, Gemini Edibles & Fats India Limited (GEF India) launched a new reusable 10-liter multi-use jar of its popular Freedom Refined Sunflower Oil. Designed for modern consumers seeking convenience and eco-friendly options, the jar features a tamper-proof lid and easy-pour technology, making it easy to handle and ideal for avoiding spillage and storage issues. After use, the jar can be repurposed for storing kitchen essentials. Freedom Refined Sunflower Oil is India’s No. 1 sunflower oil brand and holds a strong market presence, especially in Karnataka, where the brand is rapidly growing.

• Cans: Cans are metal containers commonly used for packaging edible oils due to their durability, strength, and ability to protect the contents from light, air, and contaminants. They provide a secure and long-lasting packaging solution, which helps preserve the quality and shelf life of oils. The sealed nature of cans ensures that the oil remains safe from oxidation, thus maintaining its freshness and flavor. Cans are typically used for bulk packaging and are favored for their easy storage and transportation benefits, making them a preferred option for both industrial use and larger consumer quantities.

• Bottles: Bottles are rigid containers, often made of plastic or glass, used for packaging edible oils in various sizes. For instance, in June 2023, the Bureau of Indian Standards (BIS), on May 18, 2023, published a draft revised standard for PET bottles used in packaging edible oils, open for public comment until July 17, 2023. The draft sets requirements for bottles up to 5 kg or 5 liters, including migration limits for compounds and heavy metals, as well as a ban on additives for biodegradability or compostability. Bottles must be made from virgin-grade material, and caps must be food-grade polymers. Inks, coatings, and adhesives must be bisphenol-free. These measures aim to improve the safety and recyclability of PET bottles for edible oils in India.

• Others: The “Others” category in edible oil packaging includes various formats such as drums, bag-in-box, and liquid cartons, each designed to meet specific consumer and industry needs. Drums are commonly used for bulk packaging in industrial and food service applications, offering a cost-effective and secure solution for large volumes of oil. Bag-in-box packaging provides convenience and easy pouring, making it popular in both commercial and home settings. Liquid cartons, often used for smaller volumes, are lightweight, easy to store, and offer a more eco-friendly alternative to traditional plastic containers. These diverse packaging formats cater to different preferences, ranging from consumer convenience to large-scale distribution.

By End Use Analysis

• Domestic: Domestic consumption refers to the consumption of edible oils domestically for preparation and cooking food. For instance, as of April 2025, per capita edible oil consumption in India has increased from 8.2 kg in 2001 to around 24 kg in 2025, far in excess of the recommended level of 12 kg. This expansion has increased dependency on imports, and domestic production serves only half the 25–26 million tonnes annual requirement. Palm oil leads at over 37%, followed by sunflower, mustard, and soybean oils. Growing consumption, particularly in urban clusters, is linked to diseases like cardiovascular disease and obesity. To combat it, the government has undertaken missions to raise domestic production and reduce imports and appealed to the people to curtail oil use for better health.

• Industrial: Industrial application of edible oils is responsible for their use in different processes of manufacture, including food processing, cosmetics, and pharmaceuticals. In food production, oils are used for frying and cooking as well as being ingredients in different products like bakery products, sauces, and snacks. In the cosmetics industry, oils are utilized in the development of skincare products, hair care treatments, and personal care products because of their moisturizing and nourishing abilities. Moreover, in the pharmaceutical industry, edible oils are used as carriers in drug formulations, such as in softgel capsules. These oils play a key role in enhancing product texture, stability, and performance in several industries.

• Food service: Food service refers to the application of edible oils in restaurants, hotels, and other food units for frying, cooking, and food preparation. These oils are a part of several applications in the kitchen, including deep-frying, sautéing, and dressing, contributing to flavor, texture, and overall quality of foods. In the food industry, the choice of edible oils is crucial in maintaining consistency and meeting consumer demand for health-conscious alternatives, such as low-fat or heart-healthy oils. The more common ones used in great quantities due to their affordability, heat stability, and adaptability for various cooking methods are soybean, palm, sunflower, and canola oils.

Edible Oil Market Impact of Latest Tariff Policies

New tariff strategies are assuming center stage in the international edible oil market. The largest edible oil importer in the world, India, prolonged the lowered import tariffs on major oils such as soybean and sunflower oil up to March 2025. This is for the purpose of controlling food inflation as well as domestic supply stability. This also affects global trade patterns, causing shifts in price and export volume. The exporters must now change strategies according to fluctuating Indian demand.

In the US, fresh tariffs imposed on a variety of imported commodities are pinching the food industry. While not eating directly into edible oils, the general hike in the cost of inputs and transportation is indirectly impacting the prices of oils. This could lead to higher consumer prices for cooking oils and foodstuffs that depend on them. Food producers are already bracing for reduced margins and supply issues. Ripple effect is being experienced in supply chains across the world.

Overall, these tariff adjustments are inducing volatility and uncertainty in the global edible oil market. Producers and traders are looking for new markets and diversifying supply chains to hedge risks. Consumers across most countries could experience prices changing based on local policies and availability. Authorities are also going slow, caught between supporting industries at home while maintaining inflation checks. The market for edible oil will remain robust in 2025.

Report Scope

Edible Oil Market Regional Perspective

The Edible oil market can be divided across different regions such as North America, Europe, Asia-Pacific, and LAMEA. This is a cursory overview of each region:

• North America: North America’s food oil industry is dominated by a wide variety of oils, such as soybean, canola, and corn oils. The region is focused on sustainability, healthy products, and advances in oil technology. For example, in December 2022, Bunge (NYSE: BG) is investing USD 0.55 billion to construct a new soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility in Morristown, Indiana, to capitalize on increasing demand for plant-based ingredients in food, pet food, and feed. The new facility, anticipated to start up in mid-2025, will be added to Bunge’s current soybean plant and will generate around 70 new jobs. It will increase processing capacity by 4.5 million bushels of soybeans and facilitate non-GMO sourcing. Moreover, Bunge has spent $0.10 billion to increase R&D capability for plant proteins at its St. Louis innovation center.

• Europe: Europe’s food oil market is diverse, with enormous consumption of olive, sunflower, and rapeseed oils. The region emphasizes sustainability, organic production, and adherence to stringent quality standards. For example, in June 2024, in the Financial Times article “Soaring olive oil prices hurt sales of ‘liquid gold’ in Mediterranean heartland,” it is reported how high prices for olive oil are harming consumption in the main Mediterranean countries, historically the biggest consumers of this basic commodity. The rise in price, driven by poor harvests, weather conditions, and supply shocks, is forcing customers to cut or switch to cheaper alternatives, affecting domestic consumption along with the olive oil industry as a whole. This trend is posing economic challenges for producers and exporters relying on stable demand from the olive oil industry’s heartland area of growth and consumption.

• Asia-Pacific: The Asia-Pacific region is a major player in the global edible oils market, and countries like China, India, and Indonesia dominate the production as well as the consumption of the market. Consumption habits, increasing awareness of ailments, and the growth in the population propel the market. For instance, in April 2025, India’s vegetable oil industry is urging the government to alter import tariffs by expanding the difference between duties on crude and refined oils to protect local refineries and restrict imports of foreign-refined oils. The Solvent Extractors’ Association of India explained that despite significant investments in domestic refining facilities, rising imports of refined oils-dominantly from Indonesia and Malaysia-leave Indian refineries underutilized. They are calling for increased rates of tariffs on processed oils or reduced rates on palm oil to stimulate local processing and employment in consideration of the fact that India imports nearly two-thirds of its vegetable oil needs.

• LAMEA: The LAMEA market (Africa, Latin America, and the Middle East) is a diversified edible oils market with changing trends in production and consumption. Latin America, especially Brazil and Argentina, is a large producer of sunflower oil and soybean oil, which contributes a significant share of the world’s supply. Conversely, the Middle East and Africa depend to a considerable extent on imports for their domestic consumption of edible oil as they do not have domestic production. This creates a dynamic market with Latin America playing a significant role through exports, while the Middle East and Africa are high points of demand. With evolving food patterns and continued population growth, LAMEA’s edible oil industry continues to be central to regional food security as well as economic activity.

Edible Oil Market Key Developments  

In recent years, the Edible oil market has experienced several crucial changes as the players in the market strive to grow their geographical footprint and improve their product line and profits by using synergies.

• In September 2024, ADM acquired Vandamme Hungaria Kft, a Hungary-based company, adding a 700 metric ton per day non-GMO multi-seed and corn germ processing facility to its operations. This strategic move significantly enhances ADM’s capacity to serve the growing demand for non-GMO edible oils across Europe. The acquisition also supports ADM’s broader global sustainability goals and reinforces its commitment to strengthening food security worldwide through more localized, sustainable production capabilities.

• In March 2023, Wilmar International Ltd. acquired the remaining 24% equity in Calofic Corporation, Vietnam’s top producer and distributor of vegetable oils, making it an indirect wholly owned subsidiary. This full acquisition not only consolidates Wilmar’s operations in one of Southeast Asia’s most dynamic markets but also highlights the company’s strategic intent to aggressively expand and strengthen its regional presence. By fully integrating Calofic, Wilmar gains greater operational control, positioning itself to better meet the evolving needs of Vietnamese consumers and further drive growth across the region.

These important changes facilitated the companies to widen their portfolios, to bolster their competitiveness, and to exploit the possibilities for growth available in the Edible oil market. This phenomenon is likely to persist since most companies are struggling to outperform their rivals in the market.

Edible Oil Market Competitive Landscape

The Edible oil market is highly competitive, with a large number of product providers globally. Some of the key players in the market include:

• 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

These firms apply a sequence of strategies to enter the market, including innovations, mergers and acquisitions, as well as collaboration.

The world’s edible oil trade is being characterized by giants including ADM, Bunge, Wilmar International, Cargill, Olam International, and Associated British Foods plc, providing commodity staples of soybean oil, palm oil, and sunflower oil, as well as special oils.

These are characterizing the trends toward sustainable sourcing and advanced oil-processing technology, as well as clean-label formulation, that the foodservice and retail as well as the industrial sectors require. Their transparent, worldwide supply chains, extensive R&D capabilities, and focus on sustainability make them partners of choice for global food brands, governments, and nascent health-oriented industries.

Besides these international majors, regional companies like Marico Limited (India), COFCO Group (China), and Amanah Oil (Middle East) are supplementing edible oil supplies through fortified foods, value-added blends of oils, and regional cultivation programs. These players are surfing innovation in cold-pressed oil, packaging, and organic oil segments to acquire new consumer bases that are health-conscious in their markets. Their push towards premiumization, affordability, and accessibility is propelling more widespread consumption patterns for edible oils in emerging markets.

New entrants and specialist companies such as Agropalma (Brazil) and Bidco Africa are engaging with farm cooperatives and small farmers to establish sustainable palm and sunflower oil value chains. Responsible sourcing business models pioneered by them with low costs are gaining momentum, especially among SMEs and sustainability-driven food start-ups. With increasing competition, market leadership of edible oils is dependent on sustainability pledges, innovation in products, and the agility to respond as a countermeasure to evolving consumer food trends and regulatory demands.

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