Comprehensive Snapshot of Edible Oil Market Research Report, Including Regional and Country Analysis in Brief.
Industry: Food and Beverages
Format: PPT*, PDF, EXCEL
Last Updated: 20 May 2025
ID: PMRREP11569
Number of Pages: 198
The global edible oil market size is estimated to reach a size of US$ 223.0 Bn in 2025. It is predicted to rise at a CAGR of 5.4% to reach a value of US$ 322.2 Bn by 2032. Persistence Market Research anticipates that the demand for edible oil is growing due to rising population, increasing fast-food consumption and emergence of enriched edible oil products. The market encompasses a wide range of oil types, each catering to specific consumer preferences and application-specific needs. Asia is the world’s largest consumer of Edible Oils. In January 2025, the Agriculture Ministry of India launched first-ever national edible oil consumption survey, the initiative comes as India is the world’s largest consumer and importer of edible oil. According to USDA, the percentage of World Imports of edible oil in India is 20%.
Key Industry Highlights:
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Global Market Attribute |
Key Insights |
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Edible Oil Market Size (2025E) |
US$ 223.0 Bn |
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Market Value Forecast (2032F) |
US$ 322.2 Bn |
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Projected Growth (CAGR 2025 to 2032) |
5.4% |
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Historical Market Growth (CAGR 2019 to 2024) |
5.1% |
Edible oil, being an essential commodity will experience heightened demand during the same period. Countries from South Asia and Developing Africa, in particular, are expected to witness the largest growth in population, driving the demand for edible oil in the region.
Similarly, the per-capita edible oil consumption has been a rising trend over the past years. Many of the populous countries such as India have witnessed a significant rise in per-capita edible oil consumption than the recommended limit of 12 Kg by Indian Council of Medical Research (ICMR) and 13 kg by the World Health Organization (WHO). With changing food patterns and growing preference for fast foods, the demand for edible oils is expected to grow significantly during the forecast period.
Growing issues about the presence of harmful substances, such as hexane, in refined edible oils have significantly impacted consumers. According to the European Directive, the maximum limit for traces of hexane in edible oils is 1 mg/Kg. Hexane, which is frequently used in the oil extraction process for products such as soybean and canola oil has sparked health concerns regarding its possible long-term impact on human health. While this extraction method is both cost-effective and efficient, there is growing worry about hexane residues in the final product. Prolonged exposure to hexane residues is believed to pose potential health risks, including neurotoxicity, respiratory issues, and organ damage.
As a result, more consumers are turning to cooking techniques that minimizes the use of oil , such as steaming, grilling, baking, and light sautéing. This situation has led to increased scrutiny from regulatory bodies and heightened awareness among consumers. Furthermore, supply chain disruptions and stricter compliance regulations have slowed production, affecting market growth.
Fortified edible oils are rising the demand of edible oil market as a viable market opportunity due to their additional health benefits. These oils are enriched with vitamin A, D, omega-3 fatty acids, and antioxidants which helps addressing nutritional deficiencies and promoting overall health. This type of oil has proved to be a significant nutritional source, especially in areas prone to vitamin deficiencies.
The rising interest in healthier cooking alternatives, along with increasing awareness of functional foods, positions fortified oils as a significant catalyst for market expansion. Consumers are now seeking oils that not only fulfill their cooking requirements but also contribute positively to their diet, resulting in a wider variety of fortified edible oils available in the market. Therefore, Manufacturers are investing in satisfying this consumer demand. For instance, Cargill has launched a Vitamin D-fortified oil to address consumer needs as CDC data says 42% of the U.S. population is Vitamin deficient.
Based on the type of edible oil, Palm Oil is the most consumed edible oil globally, accounting significant share of both household and industrial usage. Palm oil has low production cost, and offers a higher yield per hectare compared to other oils. Palm oil not only contributes to the food industry but also to cosmetics, pharmaceuticals, and biofuels, thus expanding the market growth. Asia Pacific is the dominating region for the production of palm oil, ensuring supply for both domestic and international markets. According to USDA 2025, Indonesia accounts for 52% of global palm oil exports, while Malaysia follows with 34%. India is the top palm oil importer, holding 20% of the global market.
The segment is anticipated to grow with a remarkable CAGR of 29.5% during the forecast period. Palm oil’s cost efficiency, strong production base in Asia Pacific, and broader application range make it the leading segment in the global edible oil market.
The B2C distribution channel in the edible oil market is expanding due to rising health awareness, e-commerce growth, and premiumization. Supermarkets, hypermarkets, and online platforms have emerged as essential facilitators, providing a broad range of edible oils to meet various consumer demands. The surge in e-commerce platforms, driven by digital advances and evolving shopping behaviors, has played a substantial role in this expansion. For instance, in the U.S. and Europe, online platforms such as Amazon, Walmart, and Carrefour are increasing their sales to ring demand for a variety of premium and healthy edible oils with different price ranges in one platform.
Asia Pacific will lead the edible oil market due to a combination of cultural diversity and a humongous population. Malaysia, India, and Indonesia account for the largest share of the global edible oil market. These countries are leading hubs for the production, import, and export of edible oil. Shifting consumer tastes across cultures is fueling the demand for various edible oils in the Asia Pacific region. For example, China, India, and Indonesia have large consumer bases which make edible oil an important item for every household's cooking and ceremonial activities. Palm, soybean, and mustard oils are consumed due to the varied rich cuisines across the region. Health conscious consumers prefer olive oil and rice bran oil as healthier options.
The North America Edible Oil market is witnessing a significant shift toward health-consciousness, driving the demand for nutritional edible oil. Consumers are opting for oils that are high in monounsaturated and polyunsaturated fats, like olive oil, avocado oil, and flaxseed oil, because of their benefits for heart health. This movement has led to the introduction of oils enhanced with omega-3 fatty acids, vitamin D, and antioxidants. As per the U.S. Department of Agriculture, the use of olive oil has been on the rise, reaching an estimated demand of around 400,000 metric tons in 2023.
Companies are innovating by offering organic, cold-pressed, and low-fat oils to meet the rising demand for functional foods. This health-driven transition is promoting the creation of new nutritional oils designed for health-oriented consumers in North America.
Rapeseed oil dominated the Europe edible oil market, and poised to account for 58% market share in 2025. Rapeseed oil is rich in omega-3 fatty acids and monounsaturated fats, and this oil is marketed as a heart-friendly oil option. Its subtle taste allows it to be used flexibly in various cooking applications throughout Europe.
According to Oils & Fats International, The EU Commission's latest forecast estimates the 2024 rapeseed harvest in the EU to be around 17.2 million tonnes, with a processing volume of approximately 23 million tonnes. Between the start of the 2024/25 crop year and January 19, 2025, rapeseed imports to the EU reached 3.4 million tonnes, marking an increase of just over 5% from the previous year.
The global edible oil market is extremely competitive, characterized by a wide range of global and regional players competing for market share. The manufacturers function within a highly fragmented sector, providing a diverse assortment of oils, including palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and specialty oils.
Innovation in products is a vital factor driving competition, as companies increasingly launch fortified and functional oils that are high in omega-3 fatty acids, vitamins, and antioxidants to meet the demands of a growing health-conscious consumer base. Sustainability is also gaining prominence, with leading companies embracing sustainable sourcing methods and obtaining certifications like RSPO (Roundtable on Sustainable Palm Oil) for palm oil while promoting environmentally friendly packaging.
Regional preferences further influence competition, with rapeseed oil prevalent in the European market, palm oil dominating Southeast Asia, and soybean oil being a staple in North America. Manufacturers are adopting strategic collaborations, mergers, and acquisitions to broaden their reach and improve distribution channels, ensuring ongoing growth in this competitive landscape.
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Report Attribute |
Details |
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Historical Data/Actuals |
2019 - 2024 |
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Forecast Period |
2025 - 2032 |
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Market Analysis Units |
Value: US$ Bn, Volume: MT |
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Geographical Coverage |
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Segmental Coverage |
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Competitive Analysis |
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Report Highlights |
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Customization and Pricing |
Available upon request |
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By Processing Type
By Packaging Type
By End-user
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By Region
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The Edible Oil market is estimated to be valued at US$ 223.0 Bn in 2025.
Growing population and per capita consumption of Edible Oils drives the market demand.
In 2025, Asia Pacific dominates the market with 35.4% share in the global Edible Oil market.
Among type, preference for Palm oil segment is expected to grow rapidly at 29.5% CAGR from 2025-2032.
Cargill, Archer Daniels Midland (ADM), Bunge Limited, Wilmar International, and Olam Group are the leading players in the Edible Oil market.
