Australia Vegetable Oil Market Projected to Reach USD 12.50 Billion by 2033

Market Overview
The Australia vegetable oil market size was USD 7.85 Billion in 2024 and is anticipated to grow to USD 12.50 Billion by 2033. The market is forecasted over the period 2025-2033 with a CAGR of 4.76%. Growth is fueled by increasing consumer preference for heart-healthy and clean-label oils, supported by robust domestic oilseed cultivation and export-oriented refining. Expanding uses in biodiesel, cosmetics, and animal feed further bolster market expansion.

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• Utilization of AI-driven analytics is enabling optimized crop yield predictions and supply chain efficiencies in the Australia vegetable oil sector.
• Government-backed research institutions employ machine learning to improve sustainable farming and oilseed crop quality.
• AI-powered demand forecasting assists processors and retailers in inventory control based on health trend dynamics.
• Automated quality control systems driven by AI ensure premium standards in cold-pressed and organic oil productions.
• AI supports marketing strategies by analyzing consumer preferences towards plant-based and functional oil products.
• Collaborative AI platforms facilitate innovation in developing biodiesel and bio-based industrial applications, enhancing market diversification.

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Australia Vegetable Oil Market Growth Factors
Australian consumers want heart-healthy oils more and more. Health concerns drive demand within the niche oils sector. Canola, olive, sunflower, and avocado oil low in saturated fat and high with omega fatty acids are included. Nutrition influencers and public health organizations educate consumers in relation to cold-pressed, unrefined, and clean-label oil. Also, supermarkets and specialty grocery stores increase shelf space for organic oil and spray-free certification while bakery and snack food manufacturers reformulate product formulations to reduce saturated fat. Nutritional quality increases and it also improves growth in the retail and food-processing industries.

Domestic and export capacity: The world-leading Australian canola industry, along with oilseed sunflower and safflower, provide the vegetable oil supply chain in Australia. The local crushing and refining capacity in New South Wales and Victoria enables domestic consumption and export of vegetable oil and other products. Investments in sustainable processing (e.g. Riverina Oils solar projects at Bomen), and trade and biosecurity measures to limit market access issues are improving this situation. Australian oil products, including non-GMO low erucic acid certified canola, are supplied to Australia's major export markets, in particular Japan and the European Union, in support of a long-term and profitable production-to-export system.

Diversity of ethnically inspired domestic consumption trends towards sustainability: The multiculturalism of Australia encourages non-customary uses of sesame, peanut, olive and sunflower oils, generating continuous demand. The increasing international exposure to cooking-based media has encouraged a diversification in the oils used in Australian households. Sustainability programs have emerged, mainly oilseed production under water-saving and reduced pesticide regimes, organic markets, and non-GM oil markets. Australia has a reputation for quality and traceability, and this combined with the expanding international market for labeled oils (mainly in Asia-Pacific markets with an ethical sourcing emphasis) is driving growth in the Australian oil industry.

Australia Vegetable Oil Market Segmentation
Oil Type Insights:
• Palm Oil
• Soybean Oil
• Sunflower Oil
• Canola Oil
• Coconut Oil
• Palm Kernel Oil

Application Insights:
• Food Industry
• Biofuels
• Others

Regional Insights:
• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Key Players
• Riverina Oils

Recent Developement & News
• September 2025: The Australian government launched an educational campaign promoting the health benefits of cold-pressed and organic vegetable oils, increasing consumer awareness and boosting demand in urban centers.
• July 2025: Riverina Oils expanded its solar-powered refining capacity at the Bomen facility, enhancing sustainable production capabilities and reducing carbon footprint in vegetable oil manufacturing.
• October 2025: Market data revealed a continued rise in demand for premium and ethically sourced vegetable oils across Australia's major retail chains, reflecting a growing consumer inclination toward sustainable and functional food products.

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