Global Edible Oil Market Size, Trends and Growth Opportunity, By Types (Palm Oil, Soybean Oil, Olive Oil, Mustard Oil and Others), By Application (Food-Service Outlets, Household, Food Processing), By Distribution (Supermarket/Hypermarket, Convenience Stores and Others), By Region and Forecast Till 2027.
Global Edible Oil Market
The global edible oil market was valued at US$ 111.80 billion in 2021 and it is expected to reach at US$ 159.4 billion in 2027 at a CAGR of 4.61% during forecast period 2022-2027.
Edible oil is a fatty liquid that is extracted from various vegetables and also some animal tissue, they are mostly refined before their consumption so it tastes sensorially neutral. The oils of palm, sunflower, soybean, avocado and others offer many health benefits and are widely used in food applications. It offers several health benefits due to its nutritional value. Consumer are inclining towards healthy lifestyle the demand for high quality processed edible oils escalates the demand for this market.
Market Drivers
The increasing use of avocado oil for its nutritional value, the increased demand for canola oil in snacks due to its affordability the demand for these edible oil witness a significant growth. The increasing consumption of processed foods worldwide, increasing demand for edible oil with low calories, cholesterol fueling the growth of this market. Moreover expansion in food service industry is propelling the growth of edible oil market.
Market Restraints
The purity of edible oils from nutritional point of view is a concern since years, adulteration of expensive oil with cheaper oil is high and it is a potential threat to human health. Further, changes and addition to food safety policies across various countries compelling manufacturer to adopt these changes in manufacturing process which increase the overall cost, hence it restraining the growth of this market.
COVID-19 Impact on the Global Edible Oil Market
With the outbreak of covid-19 the edible oil witnessed a negative impact on demand across all the region due to stringent regulation and lockdown imposed by government supply chain disrupted, shutting down of restaurants, hotels and street food decrease the demand for cooking oil market globally. But on the other hand people eating at home led to increase in consumption of edible oil.
Market Segmentation
The global edible oil market segmented on the basis of types, application and distribution channel. On the basis of types it segmented into palm oil, olive oil, soybean oil, mustard oil sunflower oil and others. On the basis of application it segmented into food-service outlets, household and food processing. On the basis of distribution channel it segmented into direct/institutional sales, supermarket and hypermarkets, convenience stores, online and others.
Regional Analysis
The global edible oil market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North America is expected to remain at the forefront in terms of largest revenue share due to growing adoption of edible oil in counties like US and Canada. Asia- Pacific market is also witness a significant growth in coming years due to rise in population, increase in income and healthy lifestyle in consumer.
Key Players
Various key players are listed in this report such as Cargill Inc., Bunge Limited, Wilmar International Limited, Fuji Oil Company limited, Conagra Brands, Inc., IFFCO Group, Ottogi Co.Ltd., Associated British Foods Plc, CJ Cheilijedang Corporation and Archer Daneils Midland Company.
Market Taxonomy
By Types
Palm oil
Olive oil
Soybean oil
Mustard oil
Sunflower oil
Others
By Application
Food-service outlets
Household
Food processing
By Distribution channel
Direct/institutional sales
Supermarket and hypermarkets
Convenience stores
Online
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Edible Oil Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Edible Oil Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Edible Oil Market, By Types
- 5.1 Y-o-Y Growth Comparison, By Types
- 5.2 Global Edible oil Market Share Analysis, By Types
- 5.3 Global Edible oil Market Size and Forecast, By Types
- 5.3.1Palm oil
- 5.3.2 Olive Oil
- 5.3.4 Soybean Oil
- 5.3.5 Mustard Oil
- 5.3.6 Sunflower Oil
- 5.3.7 Others
- 6 Global Edible Oil Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Edible Oil Market Share Analysis, By Application
- 6.3 Global Edible Oil Market Size and Forecast, By Application
- 6.3.1 Food-service outlet
- 6.3.2 Household
- 6.3.3 Food Processing
- 7 Global Edible Oil Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Edible Oil Market Share Analysis, By Distribution Channel
- 7.3 Global Edible Oil Market Share Analysis, By Distribution Channel
- 7.3.1 Direct/ Institutional Sales
- 7.3.2 Supermarket/Hypermarket
- 7.3.3 Convenience stores
- 7.3.4 Online
- 7.3.5 Others
- 8 Global Edible Oil Market, By Region
- 8.1 Global Edible Oil Market Share Analysis, By Region
- 8.2 Global Edible Oil Market Share Analysis, By Region
- 9 North America Edible Oil Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Swimwear Market Share Analysis, By Types
- 9.3 North America Edible Oil Market Size and Forecast, By Application
- 9.4 North America Edible Oil Market Size and Forecast, By Distribution Channel
- 9.5 North America Edible Oil Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Edible Oil Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Edible Oil Market Share Analysis, By Types
- 10.3 Europe Edible Oil Market Size and Forecast, By Application
- 10.4 Europe Edible Oil Market Size and Forecast, By Distribution Channel
- 10.5 Europe Edible Oil Market Size and Forecast, By Country
- 10.4.1 Germany
- 10.4.2 France
- 10.4.3 UK
- 10.4.4 Rest of Europe
- 11 Asia Pacific Edible Oil Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Edible Oil Market Size and Forecast, By Types
- 11.3 Asia Pacific Edible Oil Market Size and Forecast, By Application
- 11.4 Asia Pacific Edible Oil Market Size and Forecast, By Distribution Channel
- 11.5 Asia Pacific Edible Oil Market Size and Forecast, By Country
- 11.4.1 China
- 11.4.2 Japan
- 11.4.3 India
- 11.4.4. Rest of Asia Pacific
- 12 Latin America Edible Oil Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Edible Oil Market Size and Forecast, By Types
- 12.3 Latin America Edible Oil Market Size and Forecast, By Application
- 12.4 Latin America Edible Oil Market Size and Forecast, By Distribution Channel
- 12.5 Latin America Edible Oil Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Swimwear Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle Edible Oil Market Share Analysis, By Types
- 13.3 Middle Edible Oil Market Size and Forecast, By Application
- 13.4 Middle Edible Oil Market Size and Forecast, By Distribution Channel
- 13.5 Middle Edible Oil Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Cargill Inc.
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Development
- 15.1.6 Key Strategies
- 15.2. Bunge Limited
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Wilmar International Limited
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Fuji Oil Company limited
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5. Conagra Brands, Inc.
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6. IFFCO Group
- 15.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7. Ottogi Co.Ltd
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Associated British Foods Plc.
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 CJ Cheilijedang Corporation
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Archer Daneils Midland Company
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook