Global Edible Oil Market Projected to reach 362.4 Billion by 2033, Expanding at a CAGR of 5.0% | M2Square Consultancy

The Global Edible Oils Market is experiencing a steady and transformative growth phase, propelled by rising health-conscious consumer behavior, expanding food processing industries, and increasing demand for premium and specialty oils. According to M2Square Consultancy's latest research report, the market is projected to expand at a CAGR of 5.0% from 2025 to 2033, reaching an estimated value of USD 362.4 billion by 2033.

The edible oil market is undergoing significant evolution, driven by shifts toward healthier cooking oils, plant-based diets, and fortified oils with enhanced nutritional profiles. Growing awareness about heart health, cholesterol control, and the benefits of unsaturated fats is pushing consumers toward olive oil, sunflower oil, canola oil, and rice bran oil. Moreover, rising consumption of processed foods, bakery items, confectionery, and ready-to-eat meals is further boosting demand for refined and specialty edible oils.

In developing economies, increasing disposable incomes, urbanization, and the expansion of organized retail channels are reshaping edible oil purchasing patterns. Consumers are increasingly opting for packaged, branded oils rather than loose or unrefined options due to improved quality perceptions, convenience, and safety.

Furthermore, sustainability and traceability are rapidly becoming crucial differentiators. Producers are adopting sustainable sourcing practices, investing in cold-press extraction, and incorporating digital technologies across supply chains. For example, the global production of vegetable oils continues to rise, driven largely by palm oil, soybean oil, and rapeseed oil, with global vegetable oil consumption projected to surpass 250 million metric tons by 2030, according to major agricultural agencies.

Furthermore, technological upgrades, health-driven product innovations, and rising culinary diversification are expected to shape the edible oils market trajectory through 2033 and beyond.

Asia Pacific Edible Oil Market Insights

The Asia-Pacific region remains the largest and fastest-growing edible oils market globally, supported by high consumption in India, China, Indonesia, Malaysia, and Japan. Key drivers include rising population, rapid economic expansion, growth in food processing industries, and strong demand for palm, soybean, mustard, and sunflower oil. India is among the world’s largest edible oil consumers, with per capita edible oil consumption continuing to rise due to urbanization and expanding middle-class households. Countries such as Indonesia and Malaysia maintain dominance in palm oil production, while China remains a major importer due to expanding food manufacturing and rising consumer preference for packaged oils. Increasing adoption of fortified edible oils in India and Southeast Asia, especially those enriched with vitamins A & D, further fuels market growth.

Key Market Highlights from the Report

●       Market Valuation: The market was valued at an estimated USD 248.0 billion in 2025.

●       Product Type: Palm oil continues to dominate due to affordability and applicability across food and non-food industries, while olive oil and sunflower oil lead the premium and health-conscious segment.

●       Source: Vegetable-based oils hold the largest market share because these oils are widely used for cooking, frying, baking, food processing, and even in cosmetics and pharmaceuticals.

●       Leading Region: North America currently holds a strong share of the Edible Oils market, with Europe and Asia-Pacific seeing strong demand for premium, organic, and cold-pressed oils.

Edible Oils Market Segmentation

M2Square Consultancy has segmented the global edible oil market based on product type, source, distribution channel, and region:

By Product Type

●       Palm Oil

●       Soybean Oil

●       Sunflower Oil

●       Rapeseed Oil

●       Olive Oil

●       Others

By Cheese Type

●       Vegetable-Based oil

●       Animal-Based oil

By Distribution Channel

●       Online

●       Offline

By Region

●       North America

o   U.S.

o   Canada

●       Europe

o   U.K.

o   Germany

o   France

o   Italy

o   Spain

o   Switzerland

o   Rest of Europe

●       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Australia

o   Rest of APAC 

●       Latin America

o   Mexico

o   Brazil

o   Argentina

o   Rest of LATAM

●       Middle East & Africa

o   Saudi Arabia

o   UAE

o   South Africa

o   Rest of MEA

Key Market 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 OIL, S.A.U.

●       Cargill Incorporated

●       GrainCorp

●       Hebany

●       Aceitera General Deheza

●       Vicentin S.A.I.C.

●       Tradizione Italiana

●       EFKO Group

●       Nutiva Inc.

●       American Vegetable Oil, Inc.

●       Sunora Foods

●       Lumen Technologies

●       Contentful

●       Webflow

●       Bynder

●       Contentstack

●       Brightspot

●       Hygraph

●       Kontent.ai

●       Others

Key Strategies by Edible Oil Market Players

Farm-to-Consumer Integration: Owning or controlling the entire value chain from sourcing/crushing of oilseeds such as soybean, canola, palm, sunflower, to refining, processing, and packaging. This strategy minimizes risk from commodity price volatility and ensures consistent supply and quality.

Capacity Expansion: Continuously investing in large-scale crushing and refining facilities in key growing regions like South America, Southeast Asia, and India to achieve massive economies of scale and meet high industrial demand from the food service and processed food sectors.

Implications for Stakeholders

●       Manufacturers & Refiners: Need to invest in sustainable sourcing, advanced refining technologies, and value-added oil variants.

●       Food Industry & HoReCa: Should prioritize healthier oil options, consistent quality, and long-term supplier partnerships to meet evolving consumer preferences.

●       Retailers & Distributors: Rising consumer preference for branded and packaged oils presents opportunities for private labels and premium segments.

●       Policy-makers: Strengthening food safety standards, promoting sustainable agriculture, and encouraging fortified oil adoption can enhance market stability.

●       Investors: High consumption, steady demand cycles, and expansion in emerging markets make edible oils an attractive investment segment.

About M2Square Consultancy

We specialize in decoding complexity. From market forecasting to customer behavior analysis, our services are designed to bridge the gap between uncertainty and opportunity. Our offerings span the entire insight lifecycle, including Consulting, Tailored Research, Syndicated Studies, Trend Tracking, Competitive Intelligence, Pricing and Channel analysis, GTM Strategy, and more. Using a blend of qualitative expertise and data science, we deliver bespoke solutions that inform bold business moves. Whether you’re entering a new geography, launching a product, or restructuring a business model, we help you understand the landscape before you leap. What makes us different is our obsession with relevance. We don’t deliver static reports; we craft stories backed by evidence, customized for your strategic needs. Our advanced data visualization capabilities bring research to life, turning complexity into clarity. In less than two years, we’ve worked with over 150 organizations across sectors like healthcare, ICT, finance, energy, and consumer goods, proving our commitment to impact, not just insight. We don’t just inform; we empower.

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