The global edible oil market encompasses palm, soybean, rapeseed, sunflower, peanut, specialty blends, olive, corn, flaxseed, avocado, walnut, pumpkin seed, grapeseed oils, and more. Consumers choose based on culinary preferences, health considerations, and cooking applications. Reflecting changing dietary trends, the market mirrors a global shift towards awareness of nutritional benefits and taste profiles. This rich variety shapes the culinary landscape, offering a range of options for discerning consumers worldwide.
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Data Bridge Market Research analyses that the Global Edible Oils Market is expected to reach USD 190.88 billion by 2030, which is USD 102.37 billion in 2022, registering a CAGR of 8.10% during the forecast period of 2023 to 2030. Urban living and a preference for convenience have driven increased edible oil consumption. Busy cities prefer ready-to-use oils for their time-saving and hassle-free attributes, making them a popular choice in daily cooking. This trend reflects a broader shift towards practical solutions in culinary practices for individuals navigating fast-paced urban lifestyles.
Key Findings of the Study
Export opportunities are expected to drive the market's growth rate
The global edible oil market experiences substantial growth propelled by expanding export opportunities and international trade. The region's diverse production capacity makes it an appealing global supplier. Reduced trade barriers and increasing global demand for healthier oils further drive growth. The region's cost-effective production methods and competitive pricing strengthen its global market position, fostering increased exports. This not only augments industry revenues but also fortifies economic ties between nations and their international trading partners, fostering mutual growth and cooperation.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Peanut Oil, Specialty Blended Oil, Olive Oil, Corn Oil, Flaxseed Oil, Avocado Oil, Edible Oil, Pumpkin Seed Oil, Grape seed Oil, and Others), Package Type (Tinplate Containers, HDPE (High-Density Polyethylene) Containers, PVC (Poly Vinyl Chloride) Bottles, PET (Polyethylene Terephthalate) Bottles, Glass Bottles, Semi–Rigid Containers, Flexible Plastic Pouches and Others), Distribution Channel (Direct and Indirect), End User (Domestics, Industrial, Food Service and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Bunge Limited (U.S.), ADM (U.S.), Cargill, Incorporated (US), ACH Food Companies, Inc. (U.S.), Adani Group (India), SALAD OILS INTERNATIONAL CORPORATION (U.S.), American Vegetable Oils, Inc. (U.S.), BORGES INTERNATIONAL GROUP, S.L. (Spain), Hebany Group (U.A.E), NGO CHEW HONG EDIBLE OIL PTE LTD (Singapore), TITAN OILS Inc., (Canada) Ragasa - Derechos Reservados (Mexico), SOVENA (Thailand), and Sunora Foods (Canada)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global edible market is segmented into four notable segments which are type, package type, distribution channel, and end user.
- On the basis of type, the global edible oil market is segmented into palm oil, soybean oil, rapeseed oil, sunflower oil, peanut oil, specialty blended oil, olive oil, corn oil, flaxseed oil, avocado oil, walnut oil, pumpkin seed oil, grapeseed oil, and others
- On the basis of nature, the global edible oil market is segmented into organic and convential
- On the basis of package type, the global edible oil market is segmented into tinplate containers, HDPE (high density polyethylene) containers, PVC (poly vinyl chloride) bottles, PET (polyethylene terephthalate) bottles, glass bottles, semi – rigid containers, flexible plastic pouches, and others
- On the basis of distribution channel, the global edible oil market is segmented into direct and indirect
- On the basis of end user, the global edible oil market is segmented into domestics, food service, industrial, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major global oil edible market players in global oil edible market are American Vegetable Oils, Inc. (U.S.), BORGES INTERNATIONAL GROUP, S.L. (Spain), Hebany Group (U.A.E), NGO CHEW HONG EDIBLE OIL PTE LTD (Singapore), TITAN OILS Inc., (Canada) Ragasa - Derechos Reservados (Mexico), SOVENA (Thailand), and Sunora Foods (Canada)
Market Developments
- In May 2021, Singapore-based agribusiness company Wilmar International acquired a 50% stake in Yihai Kerry Arawana Holdings Co., Ltd., a leading agribusiness group in China. This strategic collaboration enhances Wilmar's presence in the edible oil market. It combines its resources and expertise to expand its reach in the rapidly growing Chinese market, further solidifying its position in the region's edible oil industry
- In July 2021, Cargill, a leading global food corporation, announced its strategic partnership with a prominent Malaysian palm oil producer, Sime Darby Plantation. This partnership aimed to enhance sustainable palm oil production practices in Malaysia. By combining expertise, the companies aimed to strengthen environmental initiatives, ensuring responsible sourcing and production. This partnership signifies a significant step towards fostering sustainable practices in the edible oil market
- In April 2020, Adani Wilmar, a subsidiary of the Adani Group, joined forces with India-based Swiggy to facilitate the delivery of food products, including edible oils, during the COVID-19 lockdown. This strategic collaboration expanded Adani Wilmar's customer reach, enabling them to provide their products to a broader audience through Swiggy's platform, generating additional revenue during a challenging time
Regional Analysis
Geographically, the countries covered in the global oil edible market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
As per Data Bridge Market Research analysis:
North America is the dominant region in the global oil edible market during the forecast period 2023-2030
North America dominates the global edible oils market in revenue and market share, driven by the increasing use of edible oils in the beauty and cosmetic product industry. The region's prominence is bolstered by the significant presence of key market players in edible oils within the U.S. and Canada, further fueling market growth. This trend reflects the expanding applications and strategic positioning of edible oils in diverse industries, strengthening North America's leadership in the global market.
Asia-Pacific is estimated to be the fastest-growing region in the global oil edible market for the forecast period 2023-2030
Asia-Pacific is expected to dominate the global edible oils market during 2023-2030, emerging as the fastest-growing region. The surge is attributed to increasing health concerns, with consumers in developed countries seeking nutritional supplements. Notably, China stands out as a key consumer, significantly contributing to the region's prominence in the global edible oils landscape. The growing awareness of health benefits and nutritional value propels the market's robust development in this dynamic and influential economic region.
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