Fats and Oil Market

Fats and Oil Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Mounting Scheme, Crystal and End-User Industry: Global Opportunity and Industry Forecast (2025-2030)

Report ID:

1029

Industry:

Food & Beverages

Published on:

Nov 2025

1. Fats and Oil Market: Overview

1.1. Study Assumption and Market Definition

1.2. Scope of the Study

1.3. Executive Summary

1. Market Size and Market Share by Segments, Region and Country

2. Fats and Oil Market: Market Variables and Key Insights

2.1. Fats and Oil Market Dynamics

2.1.1. Market Trends Analysis

2.1.2. Market Drivers Analysis

2.1.3. Market Challenges Analysis

2.1.4. Market Opportunities Analysis

2.2. Fats and Oil Market Business Tools Analysis

2.2.1. PORTER’s Five Forces Analysis

2.2.2. PESTLE Analysis

2.3. Technology Roadmap

2.4. Value Chain Analysis

2.5. Regulatory Landscape by Region

1. North America

2. Europe

3. Asia Pacific

4. Middle East and Africa

5. South America

2.6. Analysis of Government Schemes and Initiatives on the Global Fats and Oil Industry

3. Fats and Oil Market: Global Market Size, Trend Analysis and Forecast (2024-2030) in Value (USD Billion)

3.1. Global Fats and Oil Market Size and Forecast, By Source (2024-2030)

3.1.1. Vegetable

3.1.2. Animal

3.2. Global Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

3.2.1. Soybean Oil

3.2.2. Palm Oil

3.2.3. Sunflower seed Oil

3.2.4. Olive Oil

3.2.5. Rapeseed Oil

3.2.6. Others

3.3. Global Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

3.3.1. AT Cut

3.3.2. BT Cut

3.3.3. SC Cut

3.3.4. Others

3.4. Global Fats and Oil Market Size and Forecast, By Application (2024-2030)

3.4.1. Butter

3.4.2. Shortenings and Margarine

3.4.3. Lard

3.4.4. Tallow

3.4.5. Others

3.5. Global Fats and Oil Market Size and Forecast, By Country (2024-2030)

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Middle East & Africa

3.5.5. South America

4. Fats and Oil Market: North America Market Size, Trend Analysis and Forecast (2024-2030) in Value (USD Billion)

4.1. North America Fats and Oil Market Size and Forecast, By Source (2024-2030)

4.1.1. Vegetable

4.1.2. Animal

4.2. North America Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

4.2.1. Soybean Oil

4.2.2. Palm Oil

4.2.3. Sunflower seed Oil

4.2.4. Olive Oil

4.2.5. Rapeseed Oil

4.2.6. Others

4.3. North America Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

4.3.1. Butter

4.3.2. Shortenings and Margarine

4.3.3. Lard

4.3.4. Tallow

4.3.5. Others

4.4. North America Fats and Oil Market Size and Forecast, By Application (2024-2030)

4.4.1. Food

4.4.2. Pharmaceutical

4.4.3. Personal Care

4.4.4. Industrial

4.5. North America Fats and Oil Market Size and Forecast, by Country (2024-2030)

4.5.1. United States

4.5.2. Mexico

4.5.3. Canada

4.5.1.1 United States Fats and Oil Market Size and Forecast, By Source (2024-2030)

4.5.1.2 United States Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

4.5.1.3 United States Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

4.5.1.4 United States Fats and Oil Market Size and Forecast, By Application (2024-2030)

4.5.2.1 Mexico Fats and Oil Market Size and Forecast, By Source (2024-2030)

4.5.2.2 Mexico Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

4.5.2.3 Mexico Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

4.5.2.4 Mexico Fats and Oil Market Size and Forecast, By Application (2024-2030)

4.5.3.1 Canada Fats and Oil Market Size and Forecast, By Source (2024-2030)

4.5.3.2 Canada Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

4.5.3.3 Canada Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

4.5.3.4 Canada Fats and Oil Market Size and Forecast, By Application (2024-2030)

5. Fats and Oil Market: Europe Market Size, Trend Analysis and Forecast (2024-2030) in Value (USD Billion)

5.1. Europe Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.1.1. Vegetable

5.1.2. Animal

5.2. Europe Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.2.1. Soybean Oil

5.2.2. Palm Oil

5.2.3. Sunflower seed Oil

5.2.4. Olive Oil

5.2.5. Rapeseed Oil

5.2.6. Others

5.3. Europe Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.3.1. Butter

5.3.2. Shortenings and Margarine

5.3.3. Lard

5.3.4. Tallow

5.3.5. Others

5.4. Europe Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.4.1. Food

5.4.2. Pharmaceutical

5.4.3. Personal Care

5.4.4. Industrial

5.5. Europe Fats and Oil Market Size and Forecast, By Country (2024-2030)

5.5.1. United Kingdom

5.5.2. France

5.5.3. Germany

5.5.4. Italy

5.5.5. Spain

5.5.6. Sweden

5.5.7. Russia

5.5.8. Rest of Europe

5.5.1.1 United Kingdom Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.1.2 United Kingdom Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.1.3 United Kingdom Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.1.4 United Kingdom Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.5.2.1 France Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.2.2 France Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.2.3 France Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.2.4 France Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.5.3.1 Germany Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.3.2 Germany Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.3.3 Germany Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.3.4 Germany Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.5.4.1 Italy Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.4.2 Italy Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.4.3 Italy Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.4.4 Italy Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.5.5.1 Spain Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.5.2 Spain Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.5.3 Spain Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.5.4 Spain Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.5.6.1 Sweden Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.6.2 Sweden Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.6.3 Sweden Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.6.4 Sweden Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.5.7.1 Russia Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.7.2 Russia Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.7.3 Russia Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.7.4 Russia Fats and Oil Market Size and Forecast, By Application (2024-2030)

5.5.8.1 Rest of Europe Fats and Oil Market Size and Forecast, By Source (2024-2030)

5.5.8.2 Rest of Europe Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

5.5.8.3 Rest of Europe Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

5.5.8.4 Rest of Europe Fats and Oil Market Size and Forecast, By Application (2024-2030)

6. Fats and Oil Market: Asia Pacific Market Size, Trend Analysis and Forecast (2024-2030) in Value (USD Billion)

6.1. Asia Pacific Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.1.1. Vegetable

6.1.2. Animal

6.2. Asia Pacific Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.2.1. Soybean Oil

6.2.2. Palm Oil

6.2.3. Sunflower seed Oil

6.2.4. Olive Oil

6.2.5. Rapeseed Oil

6.2.6. Others

6.3. Asia Pacific Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.3.1. Butter

6.3.2. Shortenings and Margarine

6.3.3. Lard

6.3.4. Tallow

6.3.5. Others

6.4. Asia Pacific Fats and Oil Market Size and Forecast, By Application (2024-2030)

6.4.1. Food

6.4.2. Pharmaceutical

6.4.3. Personal Care

6.4.4. Industrial

6.5. Asia Pacific Fats and Oil Market Size and Forecast, By Country (2024-2030)

6.5.1. China

6.5.2. South Korea

6.5.3. Japan

6.5.4. India

6.5.5. Australia

6.5.6. ASEAN

6.5.7. Rest of Asia Pacific

6.5.1.1 China Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.5.1.2 China Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.5.1.3 China Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.5.1.4 China Fats and Oil Market Size and Forecast, By Application (2024-2030)

6.5.2.1 South Korea Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.5.2.2 South Korea Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.5.2.3 South Korea Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.5.2.4 South Korea Fats and Oil Market Size and Forecast, By Application (2024-2030)

6.5.3.1 Japan Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.5.3.2 Japan Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.5.3.3 Japan Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.5.3.4 Japan Fats and Oil Market Size and Forecast, By Application (2024-2030)

6.5.4.1 India Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.5.4.2 India Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.5.4.3 India Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.5.4.4 India Fats and Oil Market Size and Forecast, By Application (2024-2030)

6.5.5.1 Australia Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.5.5.2 Australia Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.5.5.3 Australia Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.5.5.4 Australia Fats and Oil Market Size and Forecast, By Application (2024-2030)

6.5.6.1 ASEAN Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.5.6.2 ASEAN Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.5.6.3 ASEAN Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.5.6.4 ASEAN Fats and Oil Market Size and Forecast, By Application (2024-2030)

6.5.7.1 Rest of Asia Pacific Fats and Oil Market Size and Forecast, By Source (2024-2030)

6.5.7.2 Rest of Asia Pacific Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

6.5.7.3 Rest of Asia Pacific Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

6.5.7.4 Rest of Asia Pacific Fats and Oil Market Size and Forecast, By Application (2024-2030)

7. Fats and Oil Market: Middle East & Africa Market Size, Trend Analysis and Forecast (2024-2030) in Value (USD Billion)

7.1. Middle East & Africa Fats and Oil Market Size and Forecast, By Source (2024-2030)

7.1.1. Vegetable

7.1.2. Animal

7.2. Middle East & Africa Fats and Oil Market Size and Forecast, By Mounting Scheme

(2024-2030)

7.2.1. Soybean Oil

7.2.2. Palm Oil

7.2.3. Sunflower seed Oil

7.2.4. Olive Oil

7.2.5. Rapeseed Oil

7.2.6. Others

7.3. Middle East & Africa Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

7.3.1. Butter

7.3.2. Shortenings and Margarine

7.3.3. Lard

7.3.4. Tallow

7.3.5. Others

7.4. Middle East & Africa Fats and Oil Market Size and Forecast, By Application (2024-2030)

7.4.1. Food

7.4.2. Pharmaceutical

7.4.3. Personal Care

7.4.4. Industrial

7.5. Middle East & Africa Fats and Oil Market Size and Forecast, by Country (2024-2030)

7.5.1. South Africa

7.5.2. GCC

7.5.3. Turkey

7.5.4. Rest of ME&A

7.5.1.1 South Africa Fats and Oil Market Size and Forecast, By Source (2024-2030)

7.5.1.2 South Africa Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

7.5.1.3 South Africa Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

7.5.1.4 South Africa Fats and Oil Market Size and Forecast, By Application (2024-2030)

7.5.2.1 GCC Fats and Oil Market Size and Forecast, By Source (2024-2030)

7.5.2.2 GCC Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

7.5.2.3 GCC Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

7.5.2.4 GCC Fats and Oil Market Size and Forecast, By Application (2024-2030)

7.5.3.1 Turkey Fats and Oil Market Size and Forecast, By Source (2024-2030)

7.5.3.2 Turkey Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

7.5.3.3 Turkey Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

7.5.3.4 Turkey Fats and Oil Market Size and Forecast, By Application (2024-2030)

7.5.4.1 Rest of ME&A Fats and Oil Market Size and Forecast, By Source (2024-2030)

7.5.4.2 Rest of ME&A Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

7.5.4.3 Rest of ME&A Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

7.5.4.4 Rest of ME&A Fats and Oil Market Size and Forecast, By Application (2024-2030)

8. Fats and Oil Market: South America Market Size, Trend Analysis and Forecast (2024-2030) in Value (USD Billion)

8.1. South America Fats and Oil Market Size and Forecast, By Source (2024-2030)

8.1.1. Vegetable

8.1.2. Animal

8.2. South America Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

8.2.1. Soybean Oil

8.2.2. Palm Oil

8.2.3. Sunflower seed Oil

8.2.4. Olive Oil

8.2.5. Rapeseed Oil

8.2.6. Others

8.3. South America Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

8.3.1. Butter

8.3.2. Shortenings and Margarine

8.3.3. Lard

8.3.4. Tallow

8.3.5. Others

8.4. South America Fats and Oil Market Size and Forecast, By Application (2024-2030)

8.4.1. Food

8.4.2. Pharmaceutical

8.4.3. Personal Care

8.4.4. Industrial

8.5. South America Fats and Oil Market Size and Forecast, by Country (2024-2030)

8.5.1. Brazil

8.5.2. Argentina

8.5.3. Rest of South America

8.5.1.1 Brazil Fats and Oil Market Size and Forecast, By Source (2024-2030)

8.5.1.2 Brazil Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

8.5.1.3 Brazil Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

8.5.1.4 Brazil Fats and Oil Market Size and Forecast, By Application (2024-2030)

8.5.2.1 Argentina Fats and Oil Market Size and Forecast, By Source (2024-2030)

8.5.2.2 Argentina Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

8.5.2.3 Argentina Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

8.5.2.5 Argentina Fats and Oil Market Size and Forecast, By Application (2024-2030)

8.5.3.1 Rest of South America Fats and Oil Market Size and Forecast, By Source (2024-2030)

8.5.3.2 Rest of South America Fats and Oil Market Size and Forecast, By Oil Type (2024-2030)

8.5.3.3 Rest of South America Fats and Oil Market Size and Forecast, By Fat Type (2024-2030)

8.5.3.4 Rest of South America Fats and Oil Market Size and Forecast, By Application (2024-2030)

9. Fats and Oil Market: Competitive Landscape

9.1. JBI Competition Matrix

9.2. Competitive Landscape

9.3. Key Players Benchmarking

1. Company Name

2. Product Segment

3. End-User Segment

4. Revenue Details

5. Market Share

6. Company Locations

9.4. Market Categorisation

1. Market Leaders

2. Market Followers

3. Market Emerging Players

4. Mergers and Acquisitions Details

9.5. Company Profiles of Leading Market Players ((Company Overview, Product Portfolio, Financial Overview, SWOT Analysis, Strategies, Recent Developments, (Based on Availability)

1. Company Name

2. Product Segment

3. End-User Segment

4. Revenue Details

5. Market Share

6. Company Locations

9.5.1. Cargill, Incorporated

9.5.2. Wilmar International Limited

9.5.3. Archer Daniels Midland Company

9.5.4. Bunge Limited

9.5.5. Unilever PLC

9.5.6. IOI Corporation Berhad

9.5.7. Sime Darby Plantation Berhad

9.5.8. AAK AB

9.5.9. Biorigin

9.5.10. Associated British Foods plc

9.5.11. Olam Group

9.5.12. K.S. Oils Limited

9.5.13. Fuji Oil Holdings Inc.

9.5.14. Mewah International Inc.

9.5.15. IFFCO Group

10. Fats and Oil Market: Strategic Recommendations/ Market Opportunities

11. Fats and Oil Market: Key Takeaways

12. Fats and Oil Market: Research Methodology

Note:

The table of contents is as per our syndicate report aimed at a broader audience, can be modified as per requirements.
TOC can be amended before delivery as per research updates by the analysts.

Fats and Oil Market Summary

Global Fats and Oil Market had a value of USD 250.43 Billion in 2024 and expected it to hit USD 366.65 Billion by 2030, with a CAGR of 7.2 % through the forecast period.

Fats and Oil Industry Trends and Analytical Insights -

Asia-Pacific Fats and Oil Market was the largest revenue generating region market in year 2024, with market share accounted for 39.89%.
In 2024, By Source, vegetable subsegment dominated the Fats and Oil Market, accounted for 70% market shares.
Leading Key players for Fats and Oil Market in 2024 was Cargill, Incorporated, Wilmar International Limited, Archer Daniels Midland Company, Bunge Limited and Unilever PLC.

Market Size & Forecast

Market Size 2024: USD 250.43 Billion
Projected Market Size 2030: USD 366.65 Billion
CAGR (2024-2030): 7.2%
Asia-Pacific: Dominating market in 2024

Fats and Oil Market Overview

Fats and Oil are classified into two types: liquid oils (olive oil, peanut oil, soybean oil, or sunflower oil) and plastic fats (lard, shortening, butter, and margarine). More than 90% of the world's fat and oil production goes into edible goods, and the major goal of most processing processes was to convert crude fats with low delectability or unwanted physical qualities into refined products that suit regional dietary fat requirements. The annual intake of visible fats such as lard, butter, shortening, or salad oils separated from the original animal or plant source ranges from 18 to 25 kilograms (40 to 55 pounds) per person in various highly industrialized European countries, to 23 kg per person in the United States.

In developed countries, isolated fats and oils accounted for approximately 40% of dietary fat, with basic foods accounting for 60%. In less developed countries, the majority of dietary fat was obtained from fruits, cereals, vegetables, dairy products, and meats, with isolated fat products accounted for only a small portion. The amounts of fats and oils in typical food supply vary widely. Most fruits and vegetables contain between 0.1 and 2.0 % fat, with the exception of avocados and olives, which have exceptionally high fat content. Cereals range from 1 to 7% fat, while nuts can contain up to 70% fat.

Fats and Oil Market Dynamic’s

The growth of the Fats and Oil Industry was driven by manufacturers focusing on functional characteristics and clean label regulations. According to the USDA Foreign Agriculture Service, US processed food exports was reached USD 38.84 billion by 2024, with significant markets including Canada, Mexico, the European Union, Japan, and South Korea. Manufacturers were creating specialized fats, particularly for bakery applications, to achieve certain melting profiles and oxidative stability without using trans fats, as evidenced by Cargill's introduction of coconut-based pastry margarine in 2024 in Fats and Oil Industry. This innovation was consistent with growing customer desires for healthier options, allowing companies to lower saturated fats while maintaining product quality and placing their offers in premium sectors through greater functional and nutritional benefits.

The global transition to plant-based diets was transforming oil consumption patterns, with consumers increasingly choosing oils based on their health advantages, fatty acid content, and food performance. A March 2025 study published in JAMA Internal Medicine found that replacing 10 grams of butter per day with plant oils resulted in a 17% reduction in total mortality and cancer-related deaths. This health-driven change had accelerated the creation of specialized oils with specific nutritional profiles, such as hemp seed oil with its favourable 4:1 omega-6 to omega-3 ratio, which was now widely utilized in functional foods aimed at health-conscious customers in Fats and Oil Industry.

The Fats and Oil Industry were subject to severe price volatility and supply chain restrictions. The FAO oilseed price index rose by 3.7 points (3.5%) month on month in April 2025, reaching an eleven-month high, while the oil meal and vegetable oil indices fell by 1.1 and 3.7 points (1.2% and 2.3%, respectively) from March. The Fats and Oil Industry instability was caused by a number of variables, including the Russia-Ukraine conflict, which disrupts sunflower oil supplies, and labour difficulties in Malaysia, which hinder palm oil production. These challenges had forced food manufacturers to adapt by reformulating products, diversifying their oil sources, and implementing flexible formulations that allow for ingredient substitutions. These continuous Fats and Oil Industry disruptions and supply chain issues were expected to have a long-term impact on market dynamics and pricing trends.

Global regulatory pressure on trans fats has increased, with the World Health Organization (WHO) leading an elimination campaign that has resulted in 58 countries implementing strict policies affecting 47% of the world's population. These laws require manufacturers to replace partly hydrogenated oils (PHOs) with alternatives that keep the product functional. The FDA's final rule, effective December 22, 2023, removed PHOs as optional additives from food standards and revoked previous authorization for their use in margarine, shortening, and bread products. This regulation change has fueled advancements in fat structuring technologies, particularly enzymatic interesterification, which allows for the development of trans-fat-free alternatives with specified functional qualities.

Expert insight:

The fats and oils market is evolving toward healthier, sustainable, and plant-based alternatives, driven by changing consumer preferences and stricter global regulations on trans fats. Innovation in processing technologies and clean-label formulations is helping brands balance nutrition with functionality. Companies focusing on transparency, sustainable sourcing, and premium health-oriented products are best positioned to capture long-term growth in this competitive and shifting landscape.

Fats and Oil Market Segment Analysis:

Facts & Oil Market is Segmented into by Source, Oil Type, Fat Type and Application.

By Source

Based on the Source the Fats and Oil Market is segmented into Vegetable and Animal. In 2024, the vegetable segment dominated the fats and oils market, accounted for almost 70%, of market share, such dominance can be linked to customers' choice for plant-based meals and better cooking methods. Vegetable oils, particularly olive, sunflower, and canola oil, are recommended for their health benefits, such as lower saturated fat levels and higher unsaturated fat content. Interest in vegetarianism and clean-label products is driving this Fats and Oil Industry.

By Application

Based on Application, The Fats and Oil Market is segmented into Food, Pharmaceutical, Personal Care and Industrial. The food application segment led the market in 2024, accounted for 55.51%, as fats and oils continue to be important for texture, flavour, and shelf life in processed foods. Confectionery, bakery, and dairy goods are key growth categories, with manufacturers developing specialized fat solutions to meet specific functional needs. The progress of enzymatic interesterification technology allows for the manufacture of fats with tailored crystallization properties for luxury confectionery goods. Fats and oils have an important structural and flavouring function in processed foods, which accounts for the segment's dominating position in Fats and Oil Industry.

Fats and Oil Market Region analysis

Asia-Pacific Fats and Oil Market was dominant global market accounted for 39.89% of the globally Fats and Oil Market in 2024, owing to its large palm oil production capacity and rising food processing industry. Indonesia and Malaysia's palm oil industries had a considerable impact on global market trends, with the Malaysian Palm Oil Board estimating crude palm oil prices between MYR 4,000 and MYR 4,300 per ton in 2025. Indonesia's anticipated 40% biodiesel blending mandate (B40) is predicted to impact global palm oil supplies and keep prices high until 2025. In India, Adani Wilmar's aspirations to expand to 1 million direct outlets within three years, particularly in rural areas, highlight the region's improving distribution infrastructure.

Despite its present lower Fats and Oil Industry position, the Middle East and Africa area is expected to develop at the fastest rate (6.74% CAGR) between 2025 and 2030. This growth was driven by advances in food processing, increased biodiesel acceptance, and expanding edible oil consumption. North America and Europe continue to be major markets, with the development of the US biodiesel industry driving demand for vegetable oils. Farmers in the United States were increasing canola production to fulfil renewable fuel Fats and Oil Industry demands, aided by investments in planting and processing infrastructure from energy and agriculture corporations. Regulations on trans fats and sustainability drive market development in Europe, encouraging the development of healthier fat alternatives.

Fats and Oil Market Competitive Analysis

Around the global Fats and Oil industry was moderately fragmented, creating a competitive environment in which regional firms effectively fight against international corporations in certain market niches. Major corporations like Cargill Incorporated, Bunge Limited, and ADM use vertical integration tactics to enhance supply chains and increase profits. These industry heavyweights also prioritize sustainability activities, as evidenced by Cargill's pledge to provide only RSPO-certified palm oil from its U.S. refineries.

Companies were investing in technological advancements, particularly in processing methods such as enzymatic interesterification, to create specialty fats with improved nutritional profiles. As of July 2024, KD Pharma Group acquired DSM-Firmenich's marine lipids business, including the MEG-3 brand and facilities in Peru and Canada, demonstrating how the industry's strategic environment is evolving through acquisitions.

Fats and Oil Market Scope:

Key Players –

Cargill, Incorporated
Wilmar International Limited
Archer Daniels Midland Company
Bunge Limited
Unilever PLC
IOI Corporation Berhad
Sime Darby Plantation Berhad
AAK AB
Biorigin
Associated British Foods plc
Olam Group
K.S. Oils Limited
Fuji Oil Holdings Inc.
Mewah International Inc.
IFFCO Group

Frequently Ask Questions –

1) Who are the major Key players of Fats and Oil Market?

Ans - The major key players of Fats and Oil Market are Cargill, Incorporated, Wilmar International Limited, Archer Daniels Midland Company, Bunge Limited, Unilever PLC.

2) Which Region accounted highest share of the Fats and Oil Market in 2024?

Ans - Asia Pacific region accounted highest share of the Fats and Oil Market.

3) What was the market size of Fats and Oil Market in 2024?

Ans - In 2024, market size of the Fats and Oil Market was USD 250.43 Billion.

4) Which Segment is expected to lead the Fats and Oil Market during forecast period?

Ans - Source Segment was the top segment hold the largest share in Fats and Oil Market.

5) What will be the market size of Fats and Oil Market in 2030?

Ans - The market size of Fats and Oil Market in 2030 will be USD 366.65 Billion.

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