The global edible oils market is expected to grow at a CAGR of 6.14%, reaching a market size of US$159.617 billion in 2030 from US$118.476 billion in 2025.
Edible oil or cooking oil is derived from plant, animal, or microbial origin which forms a primary source of vitamin E and unsaturated fats in human diets. Edible oil products fulfill varied nutritional needs of the body, owing to which they are used in home cooking and industrial food manufacturing. The booming demand for nutritional diet coupled with bolstering growth in the production & consumption of vegetable oil is majorly driving the demand for edible oil products globally, thereby augmenting the overall market growth.
Edible oils come in various varieties, including coconut, sunflower, soybean, palm, and mustard oil, all of which find high applicability in home cooking and industrial food manufacturing. The global population growth has increased the consumer’s overall food consumption scale. With the improvement in living standards followed by rapid urbanization, the food demand from residential users is set to experience an upward trajectory. Such positive growth will bolster demand and usage of edible oils for cooking purposes. For instance, according to the Indian Council of Oilseed Research, India’s edible oil demand will grow from 29.02 million tons in 2025 to 40.89 million tons in 2050.
Likewise, according to the Food and Agriculture Organization, by 2032, human consumption will account for 57% of vegetable oil consumption, followed by feedstock. In the emerging market economies, namely China and Brazil, the per capita consumption level will match the consumption scale of wealthier economies.
Edible oil provides a plethora of nutrients that assist in improving the heart, digestive system, and other organs in healthier shape. The growing health awareness has shifted towards healthier and properly cooked food consumption, and edible oil acting as the better alternative for saturated fat sources such as butter, tallow, and lard are forming an integral part of such diets.
The governments of countries are realizing the high applicability of edible oils and are investing in initiatives and schemes to bolster edible oil production. For instance, the government of India’s “National Mission for Edible Palm Oils” aims to elevate palm oil production capabilities in the country thereby minimizing its dependence on edible oil imports. Likewise, agriculture ministries of respective nations globally emphasize bolstering their edible production capacity, which is anticipated to drive global market expansion.
The global edible oils market, based on product type, is categorized into coconut oil, sunflower oil, soybean oil, groundnut oil, mustard oil, and others. Palm oil is anticipated to grow constantly, fuelled by its high health benefits, such as lowering cholesterol and improving overall heart health. The oil formed an effective alternative for high-trans fat shortening. The demand for such edible oil products is anticipated to witness an upward trajectory fuelled by the growing consumer preferences for vegetable oils having high nutritional content.
According to the USDA’s “Oilseed Market and Trade” report, by May 2024, global vegetable oil production reached 228.28 million metric tons, of which palm oil accounted for 35.05%. In contrast, the remaining 65% comprised other types such as coconut, olive, rapeseed, sunflower, soybean, and cottonseed. Moreover, the same report also specified that in the same period, palm constituted 35.12% of the global vegetable oil consumption.
Based on geography, the global edible oils market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The Asia Pacific region is posed for constant growth, accounting for a considerable market share fuelled by the booming vegetable oil consumption in major economies, namely China, Indonesia, and India. According to the USDA, by May 2024, the domestic vegetable consumption in China stood at 41.28 million metric tons, followed by Indonesia with a consumption scale of 25.86, and India with 25.41 million metric tons. Together, the three nations accounted for 41.15% of the global domestic vegetable oil consumption.
Moreover, North America is anticipated to show steady growth fuelled by the favorable efforts by major market players such as Cargill to bolster their edible oil supply both domestically and overseas. Additionally, major economies, namely the United States, are experiencing positive growth in vegetable consumption, thereby further augmenting the regional market expansion.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Edible Oils Market Size in 2025 | US$118.476 billion |
| Edible Oils Market Size in 2030 | US$159.617 billion |
| Growth Rate | CAGR of 6.14% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Edible Oils Market |
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| Customization Scope | Free report customization with purchase |
The Global Edible Oils Market is analyzed into the following segments: