Cooking Oil Market
Report ID: SQMIG10F2022
Report ID: SQMIG10F2022
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Report ID:
SQMIG10F2022 |
Region:
Global |
Published Date: February, 2025
Pages:
195
|Tables:
118
|Figures:
70
Cooking Oil Market size was valued at USD 231.02 Billion in 2024 and is poised to grow from USD 244.42 Billion in 2025 to USD 383.73 Billion by 2033, growing at a CAGR of 5.8% during the forecast period (2026–2033).
The rising global cooking oil market trend of low cholesterol cooking oils including vegetable oil, olive oil, palm oil, and avocado oil is expected to lift the growth of the market globally. People around the world are adopting healthy eating habits, owing to which the companies are offering healthier options along with new marketing strategies. Healthy oils contain antioxidants and Omega 3, which offer impressive advantages.
The market is growing due to increasing consumer awareness about health and wellness. Increased variety in the range of cuisines that consumers try has also added to the need for specialty and premium oils. In addition, plant-based diets have become popular, hence escalating the demand for seed, nut, and vegetable oils, representing another critical cooking oil market trend. Besides, the rapid urbanization and rising disposable incomes, mainly in developing nations, is accelerating market growth with the increase of branded and quality cooking oils purchased by consumers. In addition, urbanization and changing lifestyles have shifted dietary patterns, with more people consuming processed and convenience foods that often require the use of cooking oil. The rise in disposable incomes, particularly in developing countries, has also allowed consumers to spend more on food, leading to greater demand for higher-quality and specialty oils.
The global cooking oil market is driven by the robust demand for organic health-based products, with increased consumption of high-quality edible oils/cooking oils by health-conscious consumers and the growing demand from various applications, such as confectionery, primarily in the production of candies. Also, refined olive oil and coconut oil are increasingly used in various bakery applications, as they are bland in taste, allowing the food to maintain its original flavor. Additionally, they do not exhibit any pungency, unlike mustard oil.
The demand for non-GMO edible oil has also catered to the market, as it augmented the shares of sunflower oil, coconut oil, and olive oil, together with leading segments of the market studied, including palm oil, canola oil, and soybean oil. Palm oil is one of the most highly used vegetable oils. In the past few years, palm oil production amplified significantly, with almost all production growth set in Malaysia and Indonesia. However, the associated large-scale deforestation is restricting palm oil's application in varied food sectors, as consumers are becoming highly aware of the damages caused by deforestation to the environment, and they are opting for the International Palm Oil Free Certification.
Market Key Attributes
In July 2024, Louis Dreyfus Company relaunched its edible oil brand, Vibhor, specifically targeting the North Indian market. This strategic move aims to cater to the growing demand for high-quality edible oils in the region. The company plans to offer Vibhor in various packaging options, including 1-liter, 5-liter, and 15-liter containers, to enhance accessibility for consumers. The brand will focus on promoting its health benefits and quality, leveraging the increasing consumer awareness regarding nutrition and wellness.
In February 2023, Cargill India launched its first edible oil brand, Gemini Pureit, in South India, supported by a USD 35 million investment in an existing facility in Nellore, Andhra Pradesh. The sunflower oil will be produced at this plant and distributed across four South Indian states. Cargill plans to gradually increase investments in the region and expand its product range during the coming years.
In March 2022, Alfa Laval acquired Desmet, a leading provider of processing facilities and technologies for the edible oil and biofuel sectors. Desmet, previously part of the Desmet Ballestra Group, brought expertise in oil refining and biofuel processing, further enhancing Alfa Laval’s capabilities. This acquisition not only reinforced Alfa Laval’s position in renewable energy but also expanded its reach in the edible oils sector, contributing to improved quality control and authenticity verification.
Market snapshot - 2026-2033
Global Market Size
USD 218.36 billion
Largest Segment
Palm Oil
Fastest Growth
Sunflower Oil
Growth Rate
5.8% CAGR
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Global Cooking Oil Market is segmented by Type, Packaging, End-Use, Processing Type, Distribution Channel and region. Based on Type, the market is segmented into Soybean Oil, Sunflower Oil, Palm Oil, Canola (Rapeseed) Oil, Olive Oil, Corn Oil, Peanut Oil, Coconut Oil and Avocado Oil. Based on Packaging, the market is segmented into Bottles, Pouches, Cans and Jars. Based on End-Use, the market is segmented into Residential and Commercial. Based on Processing Type, the market is segmented into Refined and Unrefined. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Online Retail Stores, Convenience Stores and Specialty Stores. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
As per global cooking oil market outlook, the palm oil segment led the market with the largest revenue share of 29.5% in 2024. Palm oil is one of the most cost-effective vegetable oils available, making it a popular choice for both consumers and industries, especially in developing countries. It is incredibly versatile and used in a wide array of products beyond cooking oil, including processed foods, snacks, margarine, and baked goods. Its ability to remain stable at high temperatures makes it ideal for frying and other cooking methods. Palm oil's dominance is attributed to its widespread use in both household and industrial applications, including food processing, cosmetics, and biofuels. Its high yield and cost-effectiveness make it a preferred choice for manufacturers worldwide. The oil's versatility in frying, baking, and as an ingredient in processed foods contributes to its strong market presence.
As per global cooking oil market analysis, the sunflower oil segment is expected to grow at the highest CAGR of 6.8% from 2025 to 2032. Sunflower oil is high in unsaturated fats, particularly omega-6 fatty acids, and low in saturated fats, making it a popular choice among health-conscious consumers who seek heart-healthy cooking options. As consumers become more aware of healthy cooking oils, sunflower oil is gaining popularity. Its increased availability in supermarkets and grocery stores has also contributed to its rising demand. Additionally, rising awareness about heart health and the oil's light flavour make it a preferred choice for household and commercial food applications. The expansion of the food processing industry, particularly in emerging economies, further fuels demand.
Analysis by Processing Type
As per global cooking oil market forecast, the refined segment led the market with the largest revenue share of 81.2% in 2024. Refined oils are processed to remove impurities, which extends their shelf life and makes them more stable for long-term storage and use, especially in tropical and warm climates. Refining removes strong flavors and odors from the oil, making it ideal for cooking a wide variety of dishes without altering the taste, which is particularly appealing to consumers and food manufacturers. The dominance of refined oils is driven by their widespread use in households, food processing, and the hospitality sector due to their longer shelf life, neutral flavor, and higher smoke points. Refined oils, including soybean, sunflower, and palm oil, undergo extensive processing to remove impurities, ensuring consistency and stability for various cooking applications.
The unrefined segment is expected to grow at the highest CAGR of 6.2% from 2025 to 2032. Unrefined oils are often associated with organic and sustainably produced products, which align with the values of consumers who prioritize environmentally friendly and ethically produced goods. These oils maintain the natural flavor and aroma of the source ingredient, which is appealing to those who prefer authentic and natural tastes in their cooking. In August 2023, Tata Consumer Products (TCP) expanded into the premium cold-pressed oils market with the launch of its new range under the brand Tata Simply Better. This collection features four 100% pure and unrefined cold-pressed oils such as Virgin Cold-Pressed Coconut Oil, Cold-Pressed Groundnut Oil, Cold-Pressed Mustard Oil, and Cold-Pressed Sesame (Gingelly) Oil.
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North America dominated the cooking oil market with the revenue share of 33.4% in 2024. In North America, cooking oil choices are influenced by factors such as flavor, health benefits, and cooking needs. Canola oil is popular for its neutral flavor, high smoke point, and heart-healthy profile, making it versatile for various cooking methods. Olive oil is favored for its distinct taste and health benefits, especially in Mediterranean cuisine. Vegetable oil is commonly used due to its cost-effectiveness, versatility, and neutral flavor, while avocado oil is gaining popularity for its high smoke point and nutritional value. Consumers select oils based on these attributes to suit their cooking preferences and health considerations.
The cooking oil market in the U.S. is expected to grow at the highest CAGR during the forecast period. The demand for cooking oil in the U.S. is increasing. The expansion of the food service sector, including restaurants and fast-food chains, contributes to higher demand for cooking oil. The need for large quantities of oil for frying, sautéing, and other cooking methods drives increased purchases. As consumers become more health-conscious, there is a rising interest in oils that offer health benefits, such as those rich in unsaturated fats and antioxidants. This has led to increased demand for oils like olive oil and avocado oil.
The cooking oil market in Asia Pacific is expected to grow at the highest CAGR of 7.7% from 2025 to 2032. Rapid population growth and increasing urbanization in the Asia-Pacific region are driving higher food consumption, including cooking oil. As more people move to cities and adopt modern lifestyles, there is an increased need for cooking oil in both households and food service establishments. The region is experiencing shifts in dietary habits, including greater adoption of Western-style diets and more diverse culinary practices.
The cooking oil market in Europe is expected to grow at a significant CAGR of 6.2% during the forecast period. European consumers are increasingly focused on health and nutrition, leading to a higher demand for oils with health benefits, such as those high in unsaturated fats and omega-3 fatty acids. This includes oils like olive oil, avocado oil, and flaxseed oil. The growth in plant-based and vegetarian diets across Europe has led to increased use of cooking oils as a primary source of healthy fats. Consumers following these diets often choose oils that align with their dietary preferences.
The Latin America region in the cooking oil market is driven by changing dietary habits, economic factors, and regional agricultural strengths. The increasing urbanization and inflating income levels in countries like Brazil, Mexico, and Argentina are leading to higher consumption of processed and convenience food items. Mexico's urban population was 81.6% of the total population in 2023, according to the CIA. The increasing awareness about maintaining health is encouraging a shift toward oils with better nutritional profiles, such as canola, sunflower, and olive oils. Apart from this, government authorities and health groups are encouraging enriched blending oils for nutritional deficiencies in lower-income groups.
Traditional cuisines in the region rely heavily on oils like palm, sunflower, and groundnut oil for cooking. Greater population and a rise in income lead to more consumption of these staple oils, especially in urban areas. Increased levels of information about the health values of lower-saturated fats, like olive and canola oil, also account for the demand's increase. The popularity of Mediterranean diets and premium oils is increasing in countries such as the UAE and Saudi Arabia. The region has considerable agricultural production, including palm oil in sub-Saharan Africa and olive oil in North Africa, which provides for local supply and export opportunities.
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Cooking Oil Market Drivers
Higher Emphasis on Sustainable Sourcing Practices and Certifications
Growing Demand for Biodiesels to Drive Cooking Oil Sales
Cooking Oil Market Restraints
Growing Threat of Counterfeit Cooking Oil
Price Volatility and Supply Chain Disruptions
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The global cooking oil industry is highly competitive, with key players focusing on product innovation, strategic acquisitions, and sustainable sourcing to strengthen their market presence. Leading companies such as Wilmar International, Cargill, Archer Daniels Midland (ADM), Bunge Limited, and Sime Darby Plantation dominate the industry through extensive supply chains and vertically integrated operations. These firms invest heavily in advanced processing technologies to enhance oil purity and comply with stringent regulatory standards.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, the increasing use of avocado oil for its nutritional health benefits, the increased demand for canola oil in snacks due to its affordability and versatility, and an increase in healthy soybean oil product launches by major companies are the factors driving the market growth. Additionally, the growing inclination toward packaging to maintain environmental sustainability is expected to provide opportunities to this market. People are often using re-usable vegetable oil spray bottles that are more environment-friendly than disposable cans. Such factors cumulatively are likely to help in fueling the demand for more sustainable packaging and aiding market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 231.02 Billion |
| Market size value in 2033 | USD 383.73 Billion |
| Growth Rate | 5.8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Cooking Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cooking Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cooking Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cooking Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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