Edible oils are fats and oils consumed or used in food preparation. They include vegetable oils derived from plants such as soybean oil, canola oil, corn oil, olive oil, sunflower oil, peanut oil, safflower oil, and sesame oil. Edible oils provide various health benefits such as lowering cholesterol levels, protecting cells from damage, and reducing inflammation in the body. They contain fat-soluble vitamins like vitamins A, D, E, and K along with essential fatty acids. Edible oils are widely used for cooking purposes due to their high smoke points, neutral flavors, and contribution to texture and mouthfeel. With growing awareness about the health attributes of edible oils, their demand has been increasing steadily worldwide.
The global edible oils market is estimated to be valued at US$ 143.29 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period of 2024 to 2030.
Key Takeaways
Key players operating in the edible oils market are AJF Cigars, Boutique Blends Cigars, Fenn Thompson & Co. Royal Cigar Works, Gurkha Cigar Group, Imperial Brands, Joya De Nicaragua, S.A., Scandinavian Tobacco Group, Swedish Match AB, and Swisher. These major players account for a considerable share of the market.
In terms of opportunities, the rising demand for healthier and organic Global Edible Oils Market Demand provides significant growth prospects. There is growing popularity of cold-pressed oils extracted from fruits and nuts due to their enriched nutritional profile. Furthermore, the increasing adoption of versatile edible oils suitable for diverse cuisines across regions presents an attractive opportunity.
Global expansion remains a key focus area for leading edible oil companies. To tap emerging markets, manufacturers are strengthening their distribution networks, pursuing strategic acquisitions, and diversifying product portfolios. Promotional activities targeted towards health-conscious consumers are also gaining momentum.
Market drivers: Growing health awareness is a key market driver. Consumers are increasingly preferring healthy oils that provide nutritional benefits. Numerous studies have demonstrated the association between edible oil consumption and reduced risk of lifestyle diseases.
Market restraint: Volatility in agricultural commodity prices poses a major challenge. The prices of edible oilseeds largely depend on climatic conditions, yield, and global supply-demand dynamics. Any fluctuations consequently impact manufacturing and procurement costs.
Segment Analysis
The edible oils market comprises of several sub-segments such as Soybean Oil, Sunflower Oil, Corn Oil, Palm Oil, Canola Oil and Others. Among these, Palm Oil dominates the global edible oils market with a share of over 30% in 2024. Palm oil has gained widespread popularity as edible oil globally owing to its versatility and wide range of applications in cooking and food processing industries. It provides neutral taste and high smoke point which makes it suitable for frying purposes.
Global Analysis:
Regional Analysis: Asia Pacific region dominated the global edible oils market in 2024 with a share of over 55%. China and India are among the largest producers and consumers of edible oils globally. Availability of inexpensive edible oils such as palm, soybean and canola oils coupled with expanding food industry has been driving the edible oils market growth in the region. The market is estimated to witness highest growth in the Asia Pacific region during the forecast period owing to rising population, growing health awareness and changing dietary habits in the region.
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