Cooking Oil Market Size - By Distribution Channel, By Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Cooking Oil Market Size - By Distribution Channel, By Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Global Cooking Oil Market Overview:

According to SPER Market Research, the Global Cooking Oil Market is estimated to reach USD 310.18 billion by 2032 with a CAGR of 5.71%.

In order to cook, fry, and bake meals, cooking oils made from synthetic, animal, or plant fats are utilised. Various types of cooking oil are readily accessible all over the world, including vegetable oil, soybean oil, olive oil, palm oil, groundnut oil, rapeseed oil, and others. The market for cooking oil is anticipated to expand more quickly as a result of strategic partnerships between industry participants and the increasing use of processed meals. However, it is anticipated that a growth-restricting aspect for the market would be the gap between the output of cooking oil and the incoming demand. Due to the region's high cooking oil consumption, the regional research predicts that the market share of cooking oil in the Asia-Pacific will increase throughout the review period.

Impact of COVID-19 on the Global Cooking Oil Market

The market for cooking oil was moderately influenced by Covid-19. It had a severe impact on a number of businesses, and the demand for cooking oil grew slowly during this time. The distribution networks have been disrupted by the total lockdown, making it difficult for edible oil refiners to market their final products. Additionally, the closure of hotels, restaurants, and roadside eateries may reduce demand for cooking oil on a worldwide scale. Nevertheless, a number of businesses are using their strategic plans and initiatives to assist society in regaining control of the chaotic situation.

Scope of the Report:

Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032

Segments covered By Distribution Channel, By Type, By End User

Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies Covered Archer Daniels Midland Company, Associated British Foods P.L.C., Bunge Ltd., Bunge Ltd., Cargill Inc., CJ Cheiljedang Corporation, ConAgra Brands Inc., Fuji Oil Company Ltd., George Weston Foods Ltd., IFFCO Group, Kaneka Corporation, Louis Dreyfus Co., Nutiva, Olam International Ltd., Ottogi Co. Ltd., SIFCA SA, Sime Darby Plantation, Wilmar International Ltd.

Global Cooking Oil Market Segmentation:

By Distribution channel: Based on the Distribution Channel, Global Cooking Oil Market is segmented as; Business to Business, Hypermarket/Supermarket, Online Sale Channel, Retail Stores.

By Type: Based on the Type, Global Cooking Oil Market is segmented as; Olive Oil, Palm Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflower Oil, Others.

By End User: Based on the End User, Global Cooking Oil Market is segmented as; Food Processing, Food Services, Residential, Others.

By Region: Due to increase per capita consumption of edible oils and rising demand for a variety of processed ready-to-serve foods, North America is projected to present considerable growth prospects for the cooking oil industry. High per capita income and the utilisation of cutting-edge manufacturing methods by major participants in the industry drive the market.