Global Oils & Fats Market Growth 2025-2031

Global Oils & Fats Market Growth 2025-2031

The global Oils & Fats market size is predicted to grow from US$ 157330 million in 2025 to US$ 227350 million in 2031; it is expected to grow at a CAGR of 6.3% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Oils & Fats Industry Forecast” looks at past sales and reviews total world Oils & Fats sales in 2024, providing a comprehensive analysis by region and market sector of projected Oils & Fats sales for 2025 through 2031. With Oils & Fats sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oils & Fats industry.

This Insight Report provides a comprehensive analysis of the global Oils & Fats landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Oils & Fats portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Oils & Fats market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oils & Fats and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oils & Fats.

This report presents a comprehensive overview, market shares, and growth opportunities of Oils & Fats market by product type, application, key manufacturers and key regions and countries.

Segmentation 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

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

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Namchow
Fuji
Adeka
Wilmar
Cargill
Bunge
COFCO
Lamsoon
Puratos
Dongli
Nisshin OilliO Group, Ltd.
Excelsior Lipids

Key Questions Addressed in this Report

What is the 10-year outlook for the global Oils & Fats market?

What factors are driving Oils & Fats market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Oils & Fats market opportunities vary by end market size?

How does Oils & Fats break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.