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The edible oil market size is forecast to increase by USD 18.37 billion, at a CAGR of 3.4% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market forces and shifting consumer preferences. Unsaturated fats, such as monounsaturated and polyunsaturated fatty acids, have gained prominence in food processing due to their health benefits. Cold-pressed oils, like olive and avocado, with their desirable nutritional profiles and high omega-3 and omega-6 fatty acid content, have gained popularity in various sectors. The fatty acid profile of oils, including rapeseed, sunflower, safflower, and canola, influences their applications in food processing and dietary guidelines. Smoke point and peroxide value are crucial factors in determining the suitability of oils for cooking applications. Linseed oil, with its high polyunsaturated fat content and low smoke point, is often used in non-cooking applications.
Price volatility, driven by factors like supply chain disruptions and government regulations, impacts the market. Organic and unrefined oils, with their perceived health benefits and higher production costs, command premium prices. Oxidation stability and moisture content are essential considerations for maintaining the quality and shelf life of edible oils. Sustainability concerns, particularly in the palm oil sector, have led to increased scrutiny and regulations. Corn oil, peanut oil, and other vegetable oils are used extensively in salad dressings and food manufacturing. Labeling requirements and consumer preferences for trans-fat-free and low-saturated fat options continue to shape the market landscape. The market is a complex web of interconnected factors, from production methods like solvent extraction and expeller-pressed oil to consumer preferences and government regulations.
The ongoing unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in this ever-changing industry.
The edible oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The Retail segment is estimated to witness significant growth during the forecast period. The market encompasses various types of oils, including unsaturated ones like rapeseed, sunflower, safflower, olive, and avocado, which provide healthier alternatives to saturated fats. The futures market plays a significant role in price determination, influencing the supply chain. Trans fats, however, are a concern due to their adverse health effects, leading to increased focus on omega-6 and omega-3 fatty acids. Cholesterol content is a critical consideration, with olive, canola, and flaxseed oils offering heart-healthy benefits. Food processing techniques, such as cold-pressing, expeller-pressing, and solvent extraction, impact the oil's nutritional value, smoke point, and oxidation stability. Consumer preferences prioritize monounsaturated and polyunsaturated fats, leading to the popularity of olive, avocado, and nut oils.
Labeling requirements ensure transparency regarding the oil's origin, production methods, and nutritional information. Government regulations mandate food safety and sustainability standards, particularly for palm oil production. The retail segment, including supermarkets, hypermarkets, and online platforms, caters to diverse consumer preferences, with growing demand for organic, unrefined, and specialty oils. In 2024, the retail segment experienced significant growth due to increasing health consciousness and consumer interest in premium oil options.
The Retail segment was valued at USD 46.23 billion in 2019 and showed a gradual increase during the forecast period.
The Edible Oil Market is flourishing with diverse offerings that cater to health-conscious and culinary-focused consumers alike. Oils such as cottonseed oil, rice bran oil, and safflower oil are gaining prominence for their favorable nutritional profiles and versatility. The market distinguishes between refined oil and unrefined oil, with many consumers turning to virgin oil, organic oil, and coldpressed oil for their natural properties and minimal processing. Emphasis is growing on oils rich in unsaturated fat, which support heart health, while products containing trans fat are increasingly avoided. A popular application remains in salad dressing, where flavor, aroma, and nutritional value play crucial roles.
APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in Asia Pacific (APAC) is experiencing notable growth, fueled by population expansion, rising disposable income, and evolving dietary preferences. Urbanization leads consumers to opt for convenience foods, escalating the demand for various edible oils such as palm, soybean, and canola. Palm oil, renowned for its versatility and affordability, is the most consumed edible oil in APAC. Indonesia and Malaysia, as leading producers, significantly influence the regional supply chain. According to the USDA Foreign Agricultural Services 2024 Palm Oil Production Report, these countries continued to dominate global palm oil production. Unsaturated fats, particularly omega-6 and omega-3 fatty acids, are integral components of edible oils.
Cold-pressed oils, like olive and sesame, retain their natural nutritional value due to minimal processing. Trans fats, however, are detrimental to health and have been phased out in many countries. Food processing, including refining, solvent extraction, and expeller-pressing, impacts the oil's fatty acid profile, smoke point, peroxide value, and oxidation stability. Edible oils, including rapeseed, sunflower, safflower, corn, and peanut, cater to diverse consumer preferences and dietary guidelines. Nutritional value, health benefits, and monounsaturated and polyunsaturated fat content influence consumer choices. Labeling requirements and food safety regulations are essential considerations for manufacturers and consumers. Coconut oil and avocado oil, with their unique taste and nutritional properties, are gaining popularity.
Linseed oil, rich in omega-3 fatty acids, is used for culinary and industrial purposes. Price volatility, driven by supply chain disruptions and government regulations, impacts the market dynamics. Organic and unrefined oils are preferred for their superior nutritional value and health benefits. Palm oil sustainability is a critical issue, with increasing concerns over deforestation and its environmental impact. Soybean oil production is also a significant factor, with the US, Brazil, and Argentina being major producers. The market in APAC is witnessing significant growth, driven by population expansion, rising disposable income, and evolving dietary preferences.
The market is diverse, with various edible oils catering to different consumer preferences and health concerns. Producers and manufacturers must navigate the complex supply chain, price volatility, and regulatory landscape to meet consumer demands and maintain profitability.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The edible oil market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the edible oil market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, edible oil market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Adams Group - This company specializes in providing a diverse selection of certified organic edible oils, including palm, soybean, coconut, canola, and high-oleic varieties.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is characterized by a heightened focus on quality control and brand loyalty, with consumers demanding transparency in nutritional labeling and biodegradable packaging. Renewable energy sources, such as biodiesel production from oilseed crops, are driving market trends, while fair trade practices and certification standards ensure ethical sourcing. However, food fraud and genetic modification remain contentious issues, raising concerns over consumer health and perception. Hybrid oilseeds and advanced oil milling techniques contribute to increased crop yields and product innovation, yet water usage and greenhouse gas emissions remain key challenges. Sustainable agriculture practices and land use are essential for long-term market growth, as dietary trends continue to favor plant-based oils and consumer awareness of food labeling regulations intensifies.
Retail distribution channels and brand positioning are critical for market success, as companies strive to meet evolving consumer preferences and regulatory requirements. Oil extraction methods and certification standards continue to evolve, ensuring the production of high-quality, sustainable oils that meet the demands of health-conscious consumers. The Edible Oil Market is evolving rapidly, driven by shifting trends in sustainability and wellness. Rising interest in biofuel production has prompted producers to explore dual-purpose crops, enhancing value chains beyond food. Simultaneously, heightened consumer health awareness fuels demand for heart-friendly oils and low-cholesterol options. This awareness strongly shapes consumer perception, with transparency, nutritional labeling, and eco-conscious sourcing becoming key differentiators. In response, manufacturers are investing in new product development, launching innovative blends and fortified oils that cater to functional and dietary needs.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Edible Oil Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
217 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.4% |
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Market growth 2025-2029 |
USD 18.37 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
3.2 |
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Key countries |
US, China, India, Indonesia, Brazil, Germany, Russia, Japan, Canada, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Market Segmentation by Packaging
10 Market Segmentation by Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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