Edible Oils and Fats Market: Market Size, Share, Growth Factors, Trends, and Forecast 2025-2032

Edible oils and fats: blending tradition with science to fuel healthier lives and greener futures.

Stellar Market Research has released a report "Edible Oils & Fats Market and Forecast (2025-2032)." The report is a detailed analysis of the global market share, size, growth, trends, and forecast of Edible Oils and Fats. It also includes competitor and regional analysis and focuses on the recent trend in the market.

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Edible Oils & Fat market size was estimated at USD 273.7 billion in 2024 and is projected to grow to at USD 404.38 billion in 2032 at a CAGR of 5.0%.

Drivers of Edible Oils and Fats Market

Increase in health consciousness and move toward healthier oils

Health-conscious consumers are increasingly preferring oils that carry some nutritional benefit such as olive oil, canola oil and sunflower oil, which are rich in unsaturated fats and omega fatty acids, which are associated with heart health, improved cholesterol, and anti-inflammatory agents. Health awareness has led to declined usage of oils and highly saturated fats such as palm oil, especially within urban and semi-urban areas. Rise in demand for vegan and plant-based oils

Rise in demand for vegan and plant-based oils

The increasing international acceptance of plant-based diets and veganism has emerged as a key propeller in the expansion of the edible oil and fat market. As awareness of the animal-derived product's ethical, environmental, and health consequences increases, more and more consumers are actively going for plant-based products, such as oils and fats. Oil derived from plant materials like olive oil, sunflower oil, soybean oil, coconut oil and flaxseed oil are facing a steep surge in demand.

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Edible oils and Fats Market Segment Analysis

Based on type

It is mainly divided into Vegetable oil, Animal fats, Marine oils. From this segmentation vegetable oil dominated the market in 2024. Animal fats contain butter, lard, and tallow are traditionally used in both household and industrial industry. Mineral oil contain oil derived from fish and other sea -based sources.

Based on Application

Food and Beverage Industry is the biggest application area for edible oils and fats. They are used for cooking, frying, and preservation of foods. As processed and convenience foods are increasing, this segment is growing steadily. Food industry dominated the market in 2024.

Based on Distribution Channel

Global edible oils and fats are segmented into supermarket and hypermarket, traditional retail store and online store. In this segmentation, supermarket and hypermarket dominate urban markets.

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Edible Oils and Fats Market Regional Analysis

The Asia-Pacific region dominates the world in edible oils and fats market share. This is largely based on sheer population size, particularly in nations such as India, China, and Indonesia, where edible oil is a staple in daily cooking routines. In India traditional culture food habits highly depend on mustard, groundnut and sunflower oil. Indonesia and Malaysia are not only primary consumers but also the worlds leading producers and exporters of palm oil.

Edible Oils and Fats Market Competitive Landscape

Wilmar International and Adani Wilmar Joint Venture: A global leader in edible oils and fats, Wilmar International partnered with India's Adani Group to create Adani Wilmar Ltd.
Cargill's Expansion in India: Cargill invested ₹35 crore in February 2023 for acquiring and upgrading Nellore's sunflower oil processing facility, Andhra Pradesh.

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Edible Oils and Fats Market Recent Development

In March 2025, Fresh Del Monte Produce declared the purchase of a majority stake in Ugandan avocado-oil producer Avolio.
Beef tallow, Processed beef fat that has solidified, is becoming growing in popularity in the culinary world.

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This release was published on openPR.