Edible Oils Market Expands with Rising Demand for Organic and Functional Oils

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 rich sources of essential fatty acids, phospholipids, and antioxidants. Owing to their favorable nutritional profile, these oils are widely utilized in food processing and are also consumed directly. Their low cholesterol, fat, and calorie content make them particularly appealing to health-conscious consumers, thereby supporting global market growth. Furthermore, improvements in agricultural practices and increased oil production in developing regions are contributing substantially to market expansion.

The growing consumer preference for organic edible oils, alongside continuous advancements in the food and beverage sector, is expected to further drive market development. Strong demand for specific oils, such as olive and soybean, is projected to remain a key growth driver over the forecast period.

Additionally, the rising industrial and commercial applications of corn oil present new opportunities for market growth. Canola oil, recognized for its low fat content-approximately 6%-is emerging as a cost-effective and healthier alternative to olive oil. The broad health benefits and versatile culinary uses of edible oils continue to underpin sustained growth in the global market.

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 consumption of processed food products is a key driver of growth in the edible oils market. Rising demand for packaged and convenience foods-particularly among households, small-scale foodservice providers, and the hospitality sector-is significantly boosting edible oil utilization. Contributing factors include higher disposable incomes, rapid urbanization, and the expansion of the middle-class population, all of which are reshaping dietary patterns.

According to a joint report by the Organization for Economic Cooperation and Development (OECD) and the Food and Agriculture Organization (FAO), vegetable oil availability in least developed countries is projected to increase at a compound annual rate of 1.3%, reaching 9 kilograms per capita by 2030, up from 7.96 kilograms in 2020.

Furthermore, the United States Department of Agriculture (USDA) anticipates that developing nations will contribute to a 34% rise in cooking and edible oil imports, accounting for approximately 79% of overall global import growth. Population growth and expanding tourism are expected to further sustain market demand during the forecast period.

Challenges:
Ensuring product authenticity and nutritional integrity remains a critical challenge for the edible oils industry. Incidents of adulteration-where high-quality oils are diluted with inferior substitutes-pose significant health and regulatory risks. For example, in March 2021, Indian authorities identified counterfeit batches of Fortune soybean oil, a brand under Wilmar International Ltd. Despite ongoing updates to Codex Alimentarius standards by international food safety agencies to strengthen traceability and verification measures, the persistence of fraudulent products continues to impede market credibility and growth.

Regional Trends:
The Asia-Pacific region is expected to dominate the global edible oils market in terms of revenue and growth rate. This leadership is driven by strong aquaculture industries in countries such as China, India, Vietnam, and Indonesia. Rising health awareness in developed markets like Japan and Australia is also stimulating demand for nutraceutical products, including fish oil supplements.

Olive oil has emerged as one of the region's fastest-growing segments, attributed to its widely recognized health benefits. Additional growth factors include increasing consumer preference for healthier diets, population expansion, improving living standards, and the significant presence of major palm oil producers. The sustained rise in processed food consumption across Asia-Pacific remains a primary driver of 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.