Edible Oils Market Growth Accelerates as Organic Oils, Olive Oil, and Soybean Oil Gain Global Popularity

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Edible Oils Market Size, Share & Trends Analysis Report By Type (Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil), Packaging Type (Pouches, Jars, Cans, and Bottles), End Use (Domestic, Food Service and Industrial)- Market Outlook And Industry Analysis 2034"

The global edible oils market is estimated to reach over 370.1 billion by the year 2034, exhibiting a CAGR of 4.1% during the forecast period.

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Edible oils, derived from seeds, plants, and vegetables, serve as valuable sources of fatty acids, phospholipids, and antioxidants. Owing to their nutritional profile, these oils are widely employed across the food processing industry and consumed directly. Their low content of cholesterol, fat, and calories appeals strongly to health-conscious consumers, thereby driving global market demand. Additionally, improvements in agricultural productivity and increased oil output in emerging markets are playing a pivotal role in the expansion of the global edible oils market.

The growing consumer preference for organic edible oils, combined with the rapid advancement of the food and beverage industry, is expected to further stimulate market growth. The increasing demand for specific oils, such as olive and soybean, is projected to act as a key growth driver throughout the forecast period. Moreover, the rising utilization of corn oil across various commercial applications presents promising growth opportunities. Canola oil, with its comparatively low fat content of approximately 6%, is gaining prominence as a cost-effective and healthier alternative to olive oil. The broad range of health benefits and culinary applications associated with edible oils continues to support steady market expansion worldwide.

List of Prominent Players in the Edible Oils Market:
• Archer Daniels Midland Company (ADM)
• Borges International Group, S.L.U
• Cargill Incorporated
• Bunge Limited
• Associated British Foods Plc
• Wilmar International Limited
• Louis Dreyfus Company
• Aceitera General Deheza S.A.
• American Vegetable Oils, Inc.
• United Plantations Berhad
• Golden Agri-Resources Ltd.
• Adani Wilmar Limited
• The Nisshin Oillio Group, Ltd.
• Richardson Internation Limited
• Hebany
• Graincorp
• Vicentin S.A.I.C
• Sunora Foods
• Aveno Nv
• Basso Fedele & Figli Srl
• Ajanta Soya Limited.

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Market Dynamics
Drivers:
The increasing global demand for processed food products is a key driver accelerating the growth of the edible oils market. A rising preference for packaged and convenience foods, particularly among households, small food service operators, and the restaurant industry, is significantly contributing to higher edible oil consumption. Factors such as rising disposable incomes, urbanization, and the expansion of the middle-class population are reshaping dietary habits and boosting the intake of processed foods.

According to a joint study by the Organization for Economic Cooperation and Development (OECD) and the Food and Agriculture Organization (FAO), the availability of vegetable oils in least developed countries is expected to grow at an annual rate of 1.3%, reaching 9 kilograms per capita by 2030-an increase from 7.96 kilograms in 2020. Furthermore, the United States Department of Agriculture (USDA) reports that cooking and edible oil imports in developing regions are projected to grow by 34%, accounting for 79% of global import growth, driven by population increases and expanding tourism activities. These trends are expected to support sustained market expansion during the forecast period.

Challenges:
A major obstacle confronting the edible oils sector is maintaining product authenticity and nutritional integrity. The widespread issue of adulteration-where premium oils are diluted with inferior alternatives-poses significant public health concerns. For example, in March 2021, authorities in India discovered counterfeit batches of Fortune soybean oil, a brand owned by Wilmar International Ltd. While ongoing updates to Codex Alimentarius standards aim to improve traceability and authentication of edible oils, the persistent challenge of fraudulent products continues to impede market progress.

Regional Trends:
The Asia-Pacific region is expected to capture a dominant share of global edible oil revenue and exhibit strong growth over the coming years. This is primarily attributed to the robust aquaculture sectors in nations such as China, India, Vietnam, and Indonesia. In addition, growing health awareness in developed economies like Japan and Australia is driving demand for nutritional supplements, including fish oils. Olive oil, recognized for its numerous health benefits, has emerged as one of the region's fastest-growing product segments. Market growth in Asia-Pacific is further supported by increasing consumer demand for healthier food alternatives, rapid population growth, improving standards of living, and the prominent presence of major palm oil producers. The escalating consumption of processed foods across the region continues to be a key catalyst for rising edible oil demand.

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Recent Developments:
• In March 2022, Desmet, a well-known player in the engineering and delivery of processing facilities and technologies for the edible oil and biofuel industries, was bought by Alfa Laval. The Desmet Ballestra Group had a division called Desmet. The acquisition bolstered Alfa Laval's position in renewable energy and allowed the company to expand its portfolio of edible oils.

Segmentation of Edible Oils Market-
By Product Type-
• Palm Oil
• Soybean Oil
• Sunflower Oil
• Sunflower Oil
• Rapeseed Oil
• Olive Oil
• Others
By Packaging Type-
• Pouches
• Jars
• Cans
• Bottles
• Others
By End-use-
• Domestic
• Industrial
• Food Service
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.