Edible Oil Market Size Worth USD 361 Billion by 2034, Driven by Health Trends and Growing Demand Across Diverse Industries

According to Towards FnB, the global edible oil market size is calculated USD 222.96 billion in 2025 and is projected to exceed over USD 361 billion by 2034, expanding at a CAGR of 5.5% during the forecast period from 2025 to 2034. Key drivers include the growing demand for organic and non-GMO oils, advancements in oil production technologies, and rising health awareness among consumers.

Ottawa, Sept. 15, 2025 (GLOBE NEWSWIRE) -- The global edible oil market size stood at USD 211.34 billion in 2024 and is anticipated to increase from USD 222.96 billion in 2025 to around USD 361 billion by 2034, at a CAGR of 5.5% from 2025 to 2034, according to study published by Towards FnB, a sister firm of Precedence Research.

The market is growing speedily due to its high usage in different industries such as food and beverages, cosmetics, bakery, and many other domains. Changing food habits and dietary patterns are also aiding the growth of the market globally.

Note: This report is readily available for immediate delivery. We can review it with you in a meeting to ensure data reliability and quality for decision-making.

Access the Full Study Instantly | Download Sample Pages of the Report Now@ https://www.towardsfnb.com/download-sample/5594

Edible Oil Market Overview

The edible oil market consists of cooking oil derived from the fat of microorganisms, plants, and animals. The cooking oil is used in multiple industries and domains such as food and beverage, cosmetics, bakery, and various other industries. The oil is used for different purposes in the food and beverage industry, such as for frying, glazing, coating, and various other procedures. It is also one of the highly utilized products in the household kitchen. The growing food and beverage industry, leading to the growth of demand for different types of packaged and processed food items, is another major factor aiding the growth of the edible oil market. Cooking oil is enriched with vitamin E, and it is hygienic and healthy as well due to its nutritional values.

Key Highlights of the Edible Oil Market

By region, Asia Pacific led the edible oil market in 2024, whereas North America is expected to grow in the expected timeframe.
By nature, the conventional segment dominated the edible oil market in 2024, whereas the organic segment is expected to grow in the foreseeable period.
By product, the soya bean oil segment dominated the edible oil market in 2024, whereas the olive oil segment is expected to grow in the foreseeable period.
By distribution channel, the business-to-consumer (B2C) segment led the edible oil market in 2024, whereas the business-to-business segment is expected to grow in the forecast period.
By end-use, the food service segment dominated the edible oil market in 2024, whereas the industrial segment is expected to grow in the forecast period.

New Trends in the Edible Oil Market

High demand for clean-label, organic, and non-GMO food options is one of the major factors for the growth of the edible oil market.
Increased research and development for enhancing the quality of edible oils globally is another major factor and opportunity for the growth of the edible oil market.
Increasing health awareness among consumers, leading to high demand for low-fat, low-calorie, and healthy cooking oil options, is also a major factor for the growth of the edible oil market.

Edible Oil Market - Top Products, Application and Major Players

Product Type	Key Applications	Top Global Players
Soybean Oil	Cooking, frying, salad dressings, margarine production	Cargill, ADM, Bunge, Wilmar, Adani Wilmar
Sunflower Oil	Deep frying, salad dressings, snacks, bakery products	Cargill, Bunge, Wilmar, Avril Group (Lesieur), Borges International Group
Mustard Oil	Traditional Indian cooking, pickles, sautéing	K.S. Oils, Emami Agrotech, Ruchi Soya, Adani Wilmar
Groundnut (Peanut) Oil	Frying, snacks, traditional cooking, salad dressings	Idhayam (V.V.V. and Sons), Adani Wilmar, Ruchi Soya
Palm Oil	Industrial frying, margarine, bakery products, soap manufacturing	Wilmar, Bunge, Cargill, Sime Darby Plantation, Ruchi Soya
Olive Oil	Salad dressings, Mediterranean cuisine, baking, dips	Acesur (La Española, Coosur), Cargill, Borges International Group, Avril Group (Puget, Soléou)
Rice Bran Oil	High-temperature cooking, frying, salad dressings	Adani Wilmar (Fortune), Ruchi Soya, Marico
Coconut Oil	South Asian cooking, hair and skin care products	KLF, Marico, Cargill
Sesame Oil	Asian cuisine, salad dressings, stir-frying, traditional cooking	Idhayam, Adani Wilmar, Marico
Cold-Pressed Oils	Health-conscious cooking, gourmet dishes, salad dressings	Marico (Saffolife OmegaBlend+), Adani Wilmar (Fortune), local cold-pressed oil producers

Recent Developments in the Edible Oil Market

In January 2025, KRBL announced the launch of its new range of edible oils in February 2025. The company is also gearing up to step into the spices industry and broaden its range to serve more consumers. (Source- https://www.zeebiz.com)
In August 2025, the Indian Government launched a new regulatory framework for the edible oil industry. The new regulations aim to improve transparency, prevent supply disruptions, and ensure fair prices for consumers. (Source- https://timesofindia.indiatimes.com)

View Full Market Intelligence@ https://www.towardsfnb.com/insights/edible-oil-market

What are the Growth Drivers of the Edible Oil Market?

The growing population globally, leading to high demand for the food and beverage industry, is one of the major factors for the growth of the edible oil market. The high demand for packaged, processed, and deep-fried food options also leads to the growth of the market. Health-consciousness, innovation, rising urbanization, and disposable income are some of the major factors for the growth of the edible oil market. Use of edible oil in different industries such as cosmetics, food and beverages, and manufacturing of personal care products also aids the growth of the edible oil market. Growth of vegans and vegetarians following plant-based diets is another major growth factor in the market.

Edible Oil Market Challenge

Changing Raw Material Costs are obstructing the Market’s Growth

The fluctuating prices of raw materials such as agricultural products and seeds, crude oil, are one of the major factors for the growth of the edible oil market. These prices may fluctuate due to strain, demand budgets, or even due to various other issues such as environmental problems, political or geopolitical issues, and other similar issues.

Edible Oil Market Opportunity

Innovation and Technological Advancements are helping the Growth of the Market.

To manage the operational cost, enhance efficiency, lower waste generated from the procedure, and increase players of high investment in the industry are some of the major beneficial points helpful for the growth of the market in the foreseen period. Biotechnology and genetic modification are also some of the innovative methods helpful for the growth of the edible oil market. Such innovations are helpful for the industry for the generation of different types of oil, various and efficient oil manufacturing methods, and various other nutrients to enrich the edible oils for the growth of the market.

For Detailed Pricing and Tailored Market Report Options, Click Here: https://www.towardsfnb.com/price/5594

Edible Oil Market Regional Analysis

Asia Pacific led the Edible Oil Market in 2024

High demand for different types of cooking oils, their beneficial properties, and high demand in different industries and domains are some of the major factors for the growth of the edible oil market in the region. Countries such as India, China, Japan, and South Korea have made major contributions to the growth of the market in the region due to high demand for oils in the food and beverage industry, cosmetic industry, and other industries.

India led the edible oil market in 2024 in helping the market grow in the Asia Pacific due to factors such as high demand for edible oil, growing population leading to high demand for the food and beverage industry, and high demand for different types of cooking oils.

North America is expected to grow in the forecast period.

North America is expected to grow in the foreseen period due to factors such as high demand for different types of cooking oils, high demand of edible oils in different industries and domains, the growing biofuel sector, and growing population of vegans and vegetarians are some of the major sources for the growth of market in the foreseen period. The US has a major contribution to the growth of the market in the region.

Edible Oil Market Report Scope

Report Attribute	Key Statistics
Base Year	2024
Forecast Period	2025 to 2034
Growth Rate from 2025 to 2034	CAGR of 5.5%
Market Size in 2024	USD 211.34 Billion
Market Size in 2025	USD 222.96 Billion
Market Size by 2034	USD 361 Billion
Dominated Region	Asia Pacific
Fastest Growing Region	North America
Regions Covered	North America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Have Questions? Let’s Talk—Schedule a Meeting with Our Insights Team: https://www.towardsfnb.com/schedule-meeting

Edible Oil Market Segmental Analysis

Product Analysis

The soya bean segment led the edible oil market in 2024 due to its array of health benefits, such as improved skin, hair, nails, and bones, healthy joints, lowered signs of premature aging, and multiple other benefits helpful for the growth of the edible oil market. Soya bean oil is also helpful for managing cholesterol levels, and is also healthy for managing cardiovascular issues, and hence is ideal for avoiding heart issues. The oil is also enriched with vitamin E and omega-3 for enhanced immunity and antioxidant properties.

The olive oil segment is observed to grow in the foreseen period due to its multiple health benefits, such as it is benefits for cardiovascular issues, hair, bones, nails, and is also helpful to boost strength and immunity. The oil is used for cooking, frying, glazing, marinating, and is also ideal for the preparation of various types of salad dressings. Hence, the segment is observed to grow in the foreseen period, helping the growth of the edible oil market.

Nature Analysis

The conventional segment led the edible oil market in 2024 due to technological advancements in the edible oil industry, which helped enhance the nutritional levels of edible oils, improve their efficiency, and also led to the development of different types of cooking oils. Rising health awareness, changing preferences, and the use of edible oils for various applications also help the growth of the market.

The organic oils segment is expected to grow in the foreseeable period due to rising health awareness among people, leading to high demand for natural oils. Manufacturing of such oils is followed by a healthy and green process, resulting in lower environmental damage, allowing less water contamination and soil conservation as well. Growth of online platforms, government initiatives, and a growing population of plant-based diet followers are also the major factors for the growth of the market.

Distribution Channel Analysis

The business-to-consumer segment led the edible oil market in 2024 due to factors such as growing e-commerce platforms, developing standards of consumers, and high demand for premiumization. Growing consumer demands for innovation and enhanced health benefits are also some of the factors helpful for the market’s growth.

The business-to-business segment is expected to grow in the foreseen period as the segment involves the sale of oils to industrial buyers, hotels, cafes, the food industry, and various similar domains. Demand for healthy oils, innovative cooking oils, and cost-effective product options are some of the major factors for the growth of the market in the foreseeable period.

End Use Analysis

The food service segment led the edible oil market in 2024 due to high demand for different types of cooking oils, further fueling the growth of the edible oil market. The growing population, directly linked with the growing food and beverage industry, is another major factor for the growth of the industry. A growing health-conscious attitude among consumers, leading to a growing population of vegans and vegetarians, is another aiding factor for the growth of the market.

The industrial segment is expected to grow in the foreseen period due to the high demand for quality oils by different industries and domains, which is the major reason for the growth of the edible oil market. The segment is also observed to grow due to its capacity for extended shelf-life, enhanced taste, and the nutritional elements available in the edible oils.

Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@towardsfnb.com

Additional Topics Worth Exploring:

High-Protein Food Market: The global high-protein food market size is projected to grow from USD 56.69 billion in 2025 to USD 117.44 billion by 2034, expanding at a CAGR of 8.43% during the forecast period from 2025 to 2034.
Functional Non Meat Ingredients Market: The global functional non meat ingredients market size estimated at USD 121 billion in 2024 and is predicted to increase from USD 126.57 billion in 2025 to nearly reaching USD 189.72 billion by 2034, growing at a CAGR of 4.6% during the forecast period from 2025 to 2034.
Functional Food Ingredients Market: The global functional food ingredients market size is forecasted to expand from USD 127.48 billion in 2025 to USD 232.40 billion by 2034, growing at a CAGR of 6.9% during the forecast period from 2025 to 2034.
Savory Ingredients Market: The global savory ingredients market size is forecasted to reach from USD 12.45 billion in 2025 to USD 18.99 billion by 2034, expanding at a CAGR of 4.8% during the forecast period from 2025 to 2034.
Fortified Ingredients Market: The global fortified ingredients market size is projected to expand from USD 148.60 billion in 2025 to USD 242.66 billion by 2034, growing at a CAGR of 5.6% during the forecast period from 2025 to 2034.
Mood Ingredients Market: The global mood ingredients market size is projected to witness strong growth from USD 252.06 million in 2025 to USD 471.25 million by 2034, reflecting a CAGR of 7.2% over the forecast period from 2025 to 2034.
Longevity Ingredients Market: The global longevity ingredients market size is rising from USD 988.81 million in 2025 to USD 1,817.88 million by 2034. This projected expansion reflects a CAGR of 7% during the forecast period from 2025 to 2034.
Alcohol Ingredients Market: The global alcohol ingredients market size is rising from USD 3.17 billion in 2025 to USD 5.49 billion by 2034. This projected expansion reflects a CAGR of 6.3% during the forecast period from 2025 to 2034.
Wheat Protein Ingredients Market: The global wheat protein ingredients market size is projected to witness strong growth from USD 6.44 billion in 2025 to USD 9.33 billion by 2034, reflecting a CAGR of 4.2% over the forecast period from 2025 to 2034.
Food Ingredients Market: The global food ingredients market size is projected to expand from USD 368.70 billion in 2025 to USD 567.09 billion by 2034, growing at a CAGR of 4.9% during the forecast period from 2025 to 2034.
Specialty Food Ingredients Market: The global specialty food ingredients market size is projected to witness strong growth from USD 113.01 billion in 2025 to USD 179.87 billion by 2034, reflecting a CAGR of 5.3% over the forecast period from 2025 to 2034.

Key Players in the Edible Oil Market:

Cenostar Corporation
Qingdao Eastchem Inc
Omya Ag
Cargill, Inc.
Wilmar International Limited
Archer Daniels Midland Company (ADM)
Bunge Limited
Olam International

Segments Covered in the Report

By Nature

Organic
Conventional

By Product

Palm Oil
Soybean Oil
Sunflower Oil
Olive Oil
Corn Oil
Rapeseed Oil
Others

By Distribution Channel

B2B
B2C
By End-use
Household Retail
Industrial
Food Service

By Region

North America

U.S.
Canada

Asia Pacific

China
Japan
India
South Korea
Thailand

Europe

Germany
UK
France
Italy
Spain
Sweden
Denmark
Norway

Latin America

Brazil
Mexico
Argentina

Middle East and Africa (MEA)

South Africa
UAE
Saudi Arabia
Kuwait

Thank you for exploring our insights. For more targeted information, customized chapter-wise sections and region-specific editions such as North America, Europe, or Asia Pacific—are also available upon request.

For Detailed Pricing and Tailored Market Report Options, Click Here: https://www.towardsfnb.com/price/5594

Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@towardsfnb.com

Unlock expert insights, custom research, and premium support with the Towards FnB Annual Membership. For USD 495/month (billed annually), get full access to exclusive F&B market data and personalized guidance. It’s your strategic edge in the food and beverage industry: https://www.towardsfnb.com/get-an-annual-membership

About Us

Towards FnB is a global consulting firm specializing in the food and beverage industry, providing innovative solutions and expert guidance to elevate businesses. With an in-depth understanding of the dynamic F&B sector, we deliver customized market analysis and strategic insights. Our team of seasoned professionals is committed to empowering clients with the knowledge needed to make informed decisions, ensuring they stay ahead of market trends. Partner with us as we redefine success in the rapidly evolving food and beverage landscape, and together, we’ll navigate this transformative journey.

Web: https://www.towardsfnb.com/

Our Trusted Data Partners

For Latest Update Follow Us:

LinkedIn | Medium| Twitter

Discover More Market Trends and Insights from Towards FnB:

➡️Yogurt Market: https://www.towardsfnb.com/insights/yogurt-market

➡️Salt Market: https://www.towardsfnb.com/insights/salt-market

➡️ Food Additives Market: https://www.towardsfnb.com/insights/food-additives-market

➡️ Baking Ingredients Market: https://www.towardsfnb.com/insights/baking-ingredients-market

➡️ Probiotic Food Market: https://www.towardsfnb.com/insights/probiotic-food-market

➡️ Protein Bar Market: https://www.towardsfnb.com/insights/protein-bar-market

➡️Dairy Processing Equipment Market: https://www.towardsfnb.com/insights/dairy-processing-equipment-market

➡️Meat Products Market: https://www.towardsfnb.com/insights/meat-products-market

➡️Gluten-Free Bakery Market: https://www.towardsfnb.com/insights/gluten-free-bakery-market

➡️Europe Nutraceuticals Market: https://www.towardsfnb.com/insights/europe-nutraceuticals-market

➡️Organic Food Market: https://www.towardsfnb.com/insights/organic-food-market

➡️Canned Food Market: https://www.towardsfnb.com/insights/canned-food-market

➡️Dietary Supplements Market: https://www.towardsfnb.com/insights/dietary-supplements-market

➡️Plant-Based Protein Market: https://www.towardsfnb.com/insights/plant-based-protein-market

➡️Non-Alcoholic Beverages Market: https://www.towardsfnb.com/insights/non-alcoholic-beverages-market

➡️Frozen Food Market: https://www.towardsfnb.com/insights/frozen-food-market

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.