Organic Edible Oil Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Organic Edible Oil Market
The organic edible oil market size was valued at USD 3.12 billion in 2023, and the market is now projected to grow from USD 3.39 billion in 2024 to USD 7.14 billion by 2032, exhibiting a CAGR of 9.76% during the forecast period of 2024-2032.
A vast number of industries took a drastic forceful hit during the Covid period. But the organic edible oil market certainly was hampered and restricted the market growth from all ends. Defense against COVID-19 has involved the development and application healthy food and a balanced diet post and during Covid.These factors affected the organic edible oilmarket growth.
Both in developed and developing nations, there is a marked tremendous increase in the demand for products, which presents numerous opportunities for this particular product market and its covering industries as well. Natural foods are much preferred over fake ones by consumers and the popukTion percentile in one fourth of the world who are growing more health conscious wth each passing day. These particular growth driving factors have been recorded to attribute the organic edible oil market share.
Cold-pressed organic oils are rich in fatty acids and antioxidants. By helping in the burning of stored fat which is unhealthy and harmful, these oils support normal thyroid function. The global market for organic cooking oil is seeing a boom in demand as customers choose healthier cooking oil that promotes long-term wellbeing.
Comprehensive Analysis of Organic Edible Oil Market
Oils such as palm, soybean, rapeseed, sunflower, olive, coconut, and others are the many types of oil that are sold in the market. The market is divided by distribution channel into online retail stores, convenience stores, specialty shops, supermarkets/hypermarkets, and others.
North America leads the market, and it is expected to maintain its position for the duration of the forecast. Over the past few decades, the demand for organic goods among Americans has been gradually augmented. The proliferation of demand for organic food is largely due to people's health concerns as unhealthy cooking and diet has been affecting the health of the population from all ends. More people think products made organically are healthier than those made traditionally.
Moderate market fragmentation exists. In addition to spending money on R&D to manufacture items, these businesses have large production capacities. Cargill Inc (U.S.), Nutiva (U.S.), Catania Spagna (U.S.), EFKO Group (Russia), and Aryan International (India) are a few of the leading industry participants.
In November 2023, Oil producer KTC (Edibles), situated in the United Kingdom, introduced fresh palm oil to the market. To produce innovative organic palm oil products, the company collaborated with DAABON, a sustainable agriculture enterprise.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.76% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Coconut oil
Others
By Distribution Channel
Supermarket/Hypermarket
Specialty Store
Convenient Stores
Online Retail Stores
Others
North America (By Type, Distribution Channel, and Country)
- U.S. (By Distribution Channel)
- Canada (By Distribution Channel)
- Mexico (By Distribution Channel)
Europe (By Type, Distribution Channel, and Country)
- Germany (By Distribution Channel)
- France (By Distribution Channel)
- Italy (By Distribution Channel)
- Spain (By Distribution Channel)
- U.K. (By Distribution Channel)
- Rest of Europe (By Distribution Channel)
Asia Pacific (By Type, Distribution Channel, and Country)
- China (By Distribution Channel)
- India (By Distribution Channel)
- Japan (By Distribution Channel)
- Australia (By Distribution Channel)
- Rest of Asia Pacific (By Distribution Channel)
South America (By Type, Distribution Channel, and Country)
- Brazil (By Distribution Channel)
- Argentina (By Distribution Channel)
- Rest of South America (By Distribution Channel)
Middle East and Africa (By Type, Distribution Channel, and Country)
- UAE (By Distribution Channel)
- South Africa (By Distribution Channel)
- Rest of ME&A (By Distribution Channel)
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