Edible Oils Market by Type (Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil), Packaging Type (Pouches, Jars, Cans, and Bottles), End Use (Domestic, Food Service and Industrial) and Region - Global Forecast to 2027

Edible Oils Market by Type (Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil), Packaging Type (Pouches, Jars, Cans, and Bottles), End Use (Domestic, Food Service and Industrial) and Region - Global Forecast to 2027

The edible oils market is projected to reach USD 268.9 billion by 2027 growing at a CAGR of 4.8% from 2022 to 2027. It is anticipated that the world's oilseed production will attain an all-time high in the 2022–2023 marketing year. Rising soybean and rapeseed outputs are projected to partially offset a potential decline in sunflower seed production. Furthermore, FAO's biannual Food Outlook study, published in November 2022, predicted that the overall oilseed production will rise by 7% in comparison to the prior marketing year to achieve 654.5M tonnes. Climate change, the detrimental effects of animal agriculture on environment along with a rising understanding of the health benefits of plant-based diet are gradually influencing consumers to turn to plant-based foods. Consequently, there has been a noticeable increase in demand and consumption of plant-based edible oils. In fact, as a response to the changing consumer trends and needs, processed food manufacturers are widely employing edible oils in place of animal fats for the manufacturing of Ready-to-eat (RTE) products, leading to the expansion of edible oils market.

“ Edible oils have high demand in food processing industry.”

The edible oils market has been segmented into domestic, industrial, and food service, based on end use. The industrial sector accounted for the largest market share in 2021. There is widespread application of edible oils particularly canola, soybean and palm oil for roasting, frying, and grilling of chips, baked goods, wafers, crackers, and other snack items in the food processing industry. Internationally acclaimed potato chips brand, Lay's, utilises canola, corn, soybean, and/or sunflower oil to enhance the flavor and crunchiness of its potato chips. Additionally, Nissin Food Products Co., Ltd., a Japanese international food company that specializes in the production and sale of convenience food and instant noodles, widely uses palm oil to manufacture its flagship instant cup noodles.

“Asia Pacific is projected to witness substantial growth during the forecast period in the edible oils market.”

Indonesia and Malaysia are the world's largest producers of palm oil. Palm oil has been of great importance to the instant noodles industry for ages. The ‘instantness’ of instant noodles is brought by deep frying the noodles in large volumes of palm oil. Countless APAC nations, including China, Japan, and even Australia, view instant noodles as a fundamental dietary item. According to the most recent World Instant Noodles Association (WINA) data, Asian countries account for eight of the top ten countries with the biggest instant noodle demand worldwide, providing room for the expansion of the already well-established palm oil market in the region.

Break-up of Primaries:

By Company Type: Tier 1 – 55%, Tier 2- 35% , Tier 3 – 10%

By Designation: C level – 40%, Managers – 30%, Executives – 30%

By Region: North America – 30%, Europe – 30%, Asia Pacific – 25% , RoW –15%

Leading players profiled in this report:

Archer Daniels Midland Company (ADM) (US)

BORGES INTERNATIONAL GROUP, S.L.U. (Spain)

Cargill, Incorporated (US)

Bunge Limited (US)

Associated British Foods PLC (ABF) (UK)

Wilmar International Limited (Singapore)

Louis Dreyfus Company (Netherlands)

Aceitera General Deheza S.A. (AGD) (Argentina)

American Vegetable Oils, Inc. (US)

United Plantations Berhad (Malaysia)

Sime Darby Plantation Berhad (Malaysia)

Golden Agri-Resources Ltd. (Singapore)

Adani Wilmar Limited (AWL) (India)

The Nisshin OilliO Group, Ltd. (Japan)

RICHARDSON INTERNATIONAL LIMITED (Canada)

hebany (UAE)

GrainCorp (Australia)

VICENTIN S.A.I.C. (Argentina)

Sunora Foods

Aveno NV (US)

BASSO FEDELE & FIGLI Srl (Italy)

AJANTA SOYA LIMITED (India)

Research Coverage:

The report segments the edible oils market on the basis of product type, packaging type, end use, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global edible oils market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

To get a comprehensive overview of the edible oils market

To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them

To gain insights about the major countries/regions in which the edible oils market is flourishing