Edible Oil Market
Edible Oil Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Application, Supply Chain: Global Opportunity and Industry Forecast (2024-2030)
Report ID:
1019
Industry:
FMCG
Published on:
July 2025
Edible Oil Market Summary
Edible Oil Market size was valued at USD 131.56 Billion in 2024 and is Expected grow to USD 208.22 Billion by 2030, growing at a CAGR of 7.92% during the forecast period (2024-2030).
Edible Oil Industry Trends and Analytical Insights -
Asia Pacific Edible Oil Market was the largest revenue generating region market in year 2024, with market share accounted for 54 %.
In 2024, By Type, Palm Oil dominated the Edible Oil Market, accounted for 46.5 % market shares.
Leading Key players for Edible Oil Market in 2024 was Archer Daniels Midland Company, Borges International Group, Cargill, Incorporated, Bunge Limited and Associated British Foods PLC.
Market Size & Forecast
Market Size 2024: USD 131.56 Billion
Projected Market Size 2030: USD 208.22 Billion
CAGR (2024-2030): 7.92%
Asia Pacific: Dominating market in 2024
Edible Oil Market Overview
The different edible oils were derived from a variety of plant and animal-based sources, and common types include Palm Oil, Soybean Oil, Sunflower Oil, Canola Oil, and Olive Oil. Indonesia is the world's biggest producer of edible oils, particularly palm oils, and produces about 48 million metric tons (MMT) annually, followed by Malaysia at 18.5 MMT a year. China, India, and the USA were the biggest edible oil consumers in 2024. India consumed over 24 MMT of edible oil in 2023 and its annual per capita consumption increased by over 5% every year while its population was growing and improving in income and living in urban area. But India was also one of the largest consumers of edible oil industry and imports over 60 percent of its edible oil requirement, mainly from Indonesia, Malaysia and Argentina.
In Edible Oil Market Indonesia and Malaysia provide the export of almost 85% globally palm oil manufacturing, and are key figures in the global export of edible oils industry. Soybean oil was marketed in export and domestic trade by both Argentina and the United States. Since of geopolitical conflicts, extreme weather events, and trade restrictions, the Edible Oil Market had been extremely unstable, with excessive price variations and volatility. As an example, owing to the Russia-Ukraine war, global edible oil prices were sent rising in 2022-2023 owing to fear surrounding sunflower oil supply disruption (as Ukraine is one of the major exporters) in edible oil industry. The edible oil industry trend was of consumer's interest inorganic, cold-pressed, certificate of sustainability, and biotechnology-based oilseed crops. Companies were also concentrating on sustainable sourcing and carbon-neutral production efforts in response to changing demands from consumers and regulators.
Global edible oil market increased prominently in 2024, the edible oil industry demand for edible oils was rising at a healthy rate, related to both population and demographic changes, as well as food consumption trends, as well as grades of oils for food processing, beverages, cosmetics and biofuels. The growth in edible oil market consumption was driven mainly by emerging economies such as India, China and Indonesia, where per capita edible oil consumption in India had risen from 19 kg in 2003 to over 22 kg in 2008 in an edible oil industry trend that had been in-place for several years. Growing health awareness is resulting in increased preference of oils considered healthier, such as Olive Oil, Canola Oil and Rice Bran Oil.
This extensive analysis by Jadhavar Business Intelligence Pvt Ltd provides consumers with a complete and actionable picture of the Global Edible Oil Market, including market size, share, trends, and growth estimates from 2024 to 2030. It provides a complete overview of important locations and countries by Type, Packaging Type, and Distribution Channels. Clients receive comprehensive market dynamics, business tool analysis (PORTER and PESTLE), a Technology roadmap, and regulatory updates. The study also includes country-specific projections, competitive benchmarking, Company profiles, and M&A activity, all of which aid in strategic planning, market entry analysis, and competitor positioning in Edible Oil Industry.
Edible Oil Market Dynamics
Rising Demand for Healthier and Specialty Oils
One significant shift in the edible oil industry was the increasing consumer preference (50%) for healthier and specialty oil products such as olive, rice bran oil, avocado, and more so, cold pressed and organic. Naturally, people are making these changes mainly because there is more nutrition awareness and the related diseases and the impact of consuming Trans fats and highly processed oils are better understood. In urban/developed markets, consumers still moving toward MUFA and PUFA health benefit oils associated with heart health. The trend is also a significant factor driving food companies and oil processors to expand their portfolios to encompass more than just traditional oils like palm or soybean. For instance, in edible oil industry the rates of olive oil imports continue to grow in two digits in India and China. Another line of new cold-pressed and unrefined oils was popping up on the landscape as well, as it is said they taste more natural and have more nutritional value, in addition to being “clean.” This trend has led companies such as Cargill and Wilmar to redirect their product innovation and range towards the health spectrum and organic ranges. Although this has been a trend in high income countries it is now spreading through middle income countries, both on awareness of wellness and influence of social media, opening new demand segments for premium products and ways to differentiate brands in edible oil industry.
Price Volatility and Supply Chain Disruptions
Price volatility since of climate variability, geopolitical tensions, trade barriers and fluctuating input prices, was also among the greatest challenges to the business of the edible oil industry. As an example, over 2023 - 2024 prices for edible oil went through the roof because of droughts in South America (which slashed soybean crop), export bans in Indonesia (the single source of palm oil), and the Ukraine conflict (which interrupted sunflower oil exports). A substantial portion of our edible oil is provided by only a few types of crops (palm, soy and sunflowers), all of which are vulnerable to weather and disease. The Edible Oil Market has the potential of a global supply shock when crop failure or decline in production. Also, countries consuming edible oil like India are more dependent on global imports (e.g., disruptions in shipping, foreign currency prices of imports, and export duties). Price changes do not only affect purchasing choices which are made by households in emerging economies, they also present significant challenges for food processors, and small retailers, who have to adjust (and re-adjust) their pricing. And on top of all that, a lot of sourcing decisions have to recall sustainability and deforestation legislation which in turn means compliance prices and can limit entry to some edible oil markets. The combination of these prices leads to margin uncertainty, deters long-term capital investments, and will halt the industry’s capability of balancing supply – demand on a global basis.
Edible Oil Segment Analysis
Based on the Type the palm Oil dominated the Edible Oil Market in 2024 accounted for 46.5 % of market shares. Its super common because it can be used in so many things, gives you a lot for what you put in, and doesn't cost a ton. You see it everywhere cooking, making food, in makeup, and even biofuel. That's why everybody wants it. Globally, making over 77 million metric tons of palm oil. Most of it (like 85%) comes from Indonesia and Malaysia. Palm oil lasts longer than other oils, doesn't go bad quickly, and stays kind of solid at room temp. Food companies love it, especially for making snacks and packaged meals. Basically, palm oil gives more oil per piece of land than soybean or sunflower oil. Plus, you don't need as many chemicals to grow it, which makes it a cheaper option. And it's still one of the cheapest oils out there, which is great for countries like India, China, and a lot of African countries that buy a lot of it. Even though some people worry about how making palm oil impacts the environment, people still want it. More and more people around the world are using it, and companies are putting money into programs like RSPO to make sure it's made responsibly. Palm oil will likely stay on top because it has a great supply chain and is used in tons of industries.
Edible Oil Market Region Analysis
Asia Pacific Edible Oil Market dominated the Global Edible Oil Market in 2024 accounted for 54% of market shares. The Asia-Pacific region eats the most edible oil, over 45% of the world's total in 2024. The countries there have tons of people, more money, and different tastes in food. Over 4.3 billion people live there, and India and China buy the most. In 2023, they bought over 50 million metric tons of edible oils combined. Early numbers say India bought 24 million metric tons, and China bought about 27 million metric tons, including soybean, palm, rapeseed, and peanut oils.
The region keeps using more oil since more people are moving to cities, the food industry was getting bigger (think bread and cookies), and people can now buy better, cheaper oils like palm and soybean oil. Indonesia and Malaysia, both in Southeast Asia, make and sell over 60 million metric tons of palm oil a year. This makes the Asia-Pacific area important not just for using edible oils, but for making them too. Countries like Bangladesh, Vietnam, and the Philippines are also using more oil per person, because people have more money to spend and can buy more packaged foods. The Asia-Pacific area has good import and refining systems, lots of stores to sell the oil, and government plans to help make sure everyone has enough food. For example, India now says that edible oils have to have Vitamin A and D, which has caused the amount of oil they need to go up.
Edible Oil Market Competitive Analysis:
By 2024, the Edible Oil Market was dominated by Archer Daniels Midland Company (ADM) that took the lead mainly owing to its operations that were vertically integrated, its large refining capacity, and its global sourcing network. Cargill, Incorporated and Bunge Limited were the next two that trailed just a bit behind. Both companies took advantage of the solid infrastructures of the agri companies and the well-established trade networks in the Americas region to do so. While in the Asian continent, Wilmar International Limited along with Adani Wilmar Limited comprised a substantial market share since of the strength of their brands and the distribution network that was broadening in the retail sector. Louis Dreyfus Company, Associated British Foods PLC, and Borges International Group were able to increase their competitive positions through a combination of sustainable sourcing and product innovation in edible oil industry, as the market transition of edible oil went increasingly vibrant from the conventional toward the premium and health-focused categories.
Edible Oil Market Scope:
Key Players –
Archer Daniels Midland Company
Borges International Group
Bunge Limited
Associated British Foods PLC
Wilmar International Limited
Aceitera General Deheza S.A.
American Vegetable Oils, Inc.
United Plantations Berhad
Sime Darby Plantation Berhad
Golden Agri-Resources Ltd.
Adani Wilmar Limited
The Nisshin OilliO Group, Ltd.
Richardson International Limited
Hebany
Frequently Ask Questions –
1) Who are the major Key players of Edible Oil Market?
Ans - The Major Key players of Edible Oil Market Are Archer Daniels Midland Company, Borges International Group, Cargill, Incorporated, Bunge Limited, Associated British Foods PLC and Wilmar International Limited.
2) Which Region accounted highest share of the Edible Oil Market in 2024?
Ans - Asia Pacific region accounted highest share of the Edible Oil Market.
3) What was the market size of Edible Oil Market in 2024?
Ans – In 2024, market size of the Edible Oil Market is USD 131.56 Billion.
4) Which Segment is expected to lead the market during forecast period?
Ans - Type Segment was the top segment holds the largest share in Edible Oil Market during forecast period.
5) What will be the market size of Edible Oil Market in 2030?
Ans - The market size of Edible Oil Market in 2030 will be USD 208.22 Billion.