Global Oils & Fats Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Oils & Fats market size was valued at US$ 143200 million in 2024 and is forecast to a readjusted size of USD 234170 million by 2031 with a CAGR of 6.0% during review period.

Oil is unsaturated higher fatty acid glyceride, fat is saturated higher fatty acid glyceride, both are higher fatty acid glyceride, is an organic matter. Oil is generally liquid at normal temperature and pressure, and most of the oils obtained from plant seeds, such as soybean oil, sunflower oil, etc. Animal fats are solid at room temperature and pressure and are called fats. Oils & Fats are not only one of the main nutrients and main foods for human beings, but also an important industrial raw material.

In Chinese market, key players of Oils & Fats include Cargill, Lamsoon, COFCO, etc. Top two players hold a share approximately 40%. In terms of product, the largest application is Soybean Oil and Palm/Palm Kernel Oil, followed by Canola/Rapeseed Oil. And in terms of application, Foodservice is the largest segment, with a share over 35%.

Oils & Fats’ main application area is Foodservice. In 2021, this sector hold a market share of 36.18%.Then followed by the Bakery which account for 17.64% market share.

Demand tends to be stable, and the top enterprises are strongAs an important food and industrial product, Oil & Fats is an indispensable resource and an important strategic material. It is just in demand for individuals and industries. This determines that the demand for Oil & Fats is stable, the market is stable, and leading companies will continue to Bigger and stronger. There are a large number of production enterprises in China Oils & Fats industry, the market concentration is low, and the pattern of one superpower and multiple powerhouses is stable. The number of entrants in my country's Oils & Fats industry is increasing, but thanks to factors such as high brand awareness, the industry leader has obvious advantages.

But the entry barrier for the Oil & Fats industry is low, and companies within the industry face challenges from multiple factors such as changes in consumer preferences and consumption trends, competitor pricing strategies, and regional and local economic development. Therefore, competition within the industry will intensify.

With the development of science, the future Oils & Fats market will pay more attention to the "nutrition and health" of oil products on the basis of safety. For example, attention will be paid to the fatty acid composition of Oils & Fats; the content of physiologically active substances and trace elements in Oils & Fats; the reasonable ratio of fatty acids; the development and utilization of special Oils & Fats, and the use of their rich functional ingredients. Features, producing nutritionally healthy functional Oils & Fats and more.

This report is a detailed and comprehensive analysis for global Oils & Fats market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Oils & Fats market size and forecasts, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Oils & Fats market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Oils & Fats market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Oils & Fats market shares of main players, shipments in revenue ($ Million), sales quantity (K Tons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Oils & Fats

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Oils & Fats market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Namchow, Fuji, Adeka, Wilmar, Cargill, Bunge, COFCO, Lamsoon, Puratos, Dongli, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Oils & Fats market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Canola/Rapeseed Oil
Palm/Palm Kernel Oil
Soybean Oil
Sunflower Oil
Cottonseed Oil
Coconut Oil
Safflower Oil
Shea Oil
Peanut Oil
Milk Fat

Market segment by Application
Foodservice
Bakery
Personal Care
Plant Based Food
Chocolate & Confectionary
Infant Formula
Dairy
Others

Major players covered
Namchow
Fuji
Adeka
Wilmar
Cargill
Bunge
COFCO
Lamsoon
Puratos
Dongli
Nisshin OilliO Group, Ltd.
Excelsior Lipids

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Oils & Fats product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Oils & Fats, with price, sales quantity, revenue, and global market share of Oils & Fats from 2020 to 2025.

Chapter 3, the Oils & Fats competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Oils & Fats breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Oils & Fats market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Oils & Fats.

Chapter 14 and 15, to describe Oils & Fats sales channel, distributors, customers, research findings and conclusion.