Edible Oils and Fats Market Size & Share 2026-2035

Edible Oils and Fats Market Size

The global edible oils and fats market was valued at USD 583.1 billion in 2025. It is projected to grow from USD 616.8 billion in 2026 to USD 1.03 trillion by 2035, representing 5.9% CAGR from 2026 to 2035, according to latest report published by Global Market Insights Inc.

• Edible oils and fats are essential components in cooking, baking, and food production, derived from plant sources (like palm, soybean, and olive oils) and animal fats (such as butter and lard). They provide flavor, texture, and nutritional value in diets. The scope of the edible oils and fats market is vast, encompassing various applications in the food industry, including processed foods, snacks, and confectioneries. Growing demand for healthier options like olive and avocado oils, along with plant-based alternatives, presents significant opportunities for innovation. Additionally, rising consumer interest in organic, non-GMO, and sustainable products is driving market growth.
   
• According to the USDA Foreign Agricultural Service, global vegetable oil production reached 214.75 billion metric tons in 2022, with palm oil accounting for 77.05 billion metric tons of total production. These oils and fats, including plant-derived oils (palm, soybean, and olive) and animal fats (butter and lard), enhance flavor and texture while providing nutritional benefits in daily diets. The FAO reports that global per capita consumption of vegetable oils increased from 23.6 kg in 2015 to 25.3 kg in 2021, reflecting growing consumer demand.
   
• The edible oils and fats market serves diverse applications across the food industry, particularly in processed foods, snacks, and confectioneries. The European Commission's agricultural outlook indicates that EU vegetable oil consumption is projected to reach 24.5 billion tons by 2031, driven by increased demand for healthier options such as olive and avocado oils, alongside plant-based alternatives. Consumer preferences for organic, non-GMO, and sustainable products are further expanding market opportunities, with the USDA National Organic Program reporting a 3.5% increase in certified organic operations in 2021.
   

Edible Oils and Fats Market Trends

• The fats and edible oils industry is witnessing shifts in consumer preferences. As reported by the USDA, the total consumption of vegetable oil increased to 219.44 billion metric tons in 2022, a staggering increase from 208.26 billion metric tons in 2021. Consumers are becoming more macro-nutrient conscious, turning towards olive oil, avocado oil, and oil with omega 3 or unsaturated fats. The FAO notes that the production of olive oil worldwide reached 3.1 billion tons in 2022, of which 68 percent was produced in the European Union.
   
• As a result of the trend growing towards sustainability, palm oil sourcing has received more environmental certifications. The USDA Foreign Agricultural Service shows that USA, China, and European Union palm oil consumption reached 77.05 billion metric tons in 2023. The trend towards organic, non-GMO, plant-based oils is also strong, the US Department of Agriculture reported production of organic oilseed in 2022 rose by 14%. The market is also shifting towards fortified oils with vitamins and enriched nutrients, in line with the demands of functional food products.
   
• The edible oils and fats market is experiencing steady growth, driven by increasing population, urbanization, and changing dietary habits. Health-conscious consumers are fueling demand for oils high in unsaturated fats, such as olive, canola, and sunflower oils, while the traditional dominance of palm oil continues due to its affordability and versatility. The rise of vegan and plant-based diets is pushing the demand for plant-based oils over animal fats. Additionally, the market is seeing heightened interest in sustainable and organic products, with manufacturers focusing on eco-friendly sourcing and production practices to meet evolving consumer preferences.
   

Edible Oils and Fats Market Analysis

Edible oils and fats market based on type is segmented into vegetable oils and animal fats. The vegetable oils segment was valued at USD 492.1 billion in 2025, and it is anticipated to expand to 10.1% of CAGR during 2026-2035.
 

• The vegetable oils segment continues to advance because consumers prefer plant-based options and cleaner label products and they choose oils which people consider healthier for their daily cooking and food production needs. The growth of the industry depends on strong demand from packaged foods and bakery products and confectionery items and foodservice operations which require both adaptable solutions and reliable product performance.
   
• The segment maintains its long-term growth path because more retail locations now offer fortified products and cold-pressed products gain increasing popularity among consumers. The segment continues to develop because companies adopt new refining methods and they use sustainable raw materials which they source responsibly. The vegetable oil market grows because different dietary trends emerge in various regions which people use for both cooking and industrial purposes. The segment achieves its continuous growth through product development which includes creating functional blends and low-trans formulations that meet market demand throughout the entire forecast period.
   

Edible oils and fats market based on processing type is segmented into virgin/cold-pressed oils, refined oils & fats, and modified fats. The refined oils & fats segment was valued at USD 432.8 billion in 2025, and it is anticipated to expand to 6.1% of CAGR during 2026-2035.
 

• The refined oils and fats segment progresses steadily as it caters to broad household and industrial requirements, supported by its consistent quality, longer shelf stability, and suitability across various cooking practices. The packaged foods industry combined with bakery products and snacks and foodservice uses shows which food items people prefer most in their daily consumption. The segment uses refining techniques that improve oil purity through impurity removal and standardized flavor profile development to meet current consumer demands for safe and dependable daily oil products.
   
• The growth of the market results from manufacturers who improve their refining processes and implement environmental processing methods while developing better products which withstand heat and oxidation. Refined oils and fats remain essential dietary components because they can be used in frying and blending and as ingredients in different products. The segment maintains its growth through rising urban consumption and expanding retail presence and the continuous introduction of value‑added product variations.

Edible oils and fats market based on application is segmented into bakery and confectionery, snacks, meat products, and others. The bakery and confectionery segment was valued at USD 257.3 billion with a market share of  with a market share of 44.1% in 2025, and it is anticipated to expand to 5.6% of CAGR during 2026-2035.
 

• The bakery and confectionery segment maintains strong momentum as it relies heavily on oils and fats for texture enhancement, aeration, moisture retention, and overall product stability. The segment expands because consumers purchase more packaged baked goods and indulgent treats and convenience snacks from both retail stores and foodservice locations. The segment maintains its importance in baking and confectionery production through its ongoing need for oils and specialty fats which provide consistent performance across various baking applications.
   
• The segment of the market continues to evolve through product development as companies select oils and fats which provide better heat stability and ideal melting properties and cleaner ingredient lists. The market value of well-processed oils and specialty functional fats increases through the growing demand for premium baked goods and artisanal products and reduced-trans-fat formulations. The segment maintains its strong market position because it produces essential taste and texture and shelf life benefits for diverse bakery and confectionery products which bakers need to create.

The North America edible oils and fats market accounted for USD 196.4 billion in 2025 and is anticipated to show lucrative growth over the forecast period.
 

The market in North America maintains consistent demand for edible oils and fats because people consume processed foods and baked goods and convenience meals. The region requires manufacturers to deliver products which meet cleaner label standards and low trans-fat content and plant based product requirements while they work to better product quality and develop healthier food options which can be sold through multiple retail channels.
 

The Europe edible oils and fats industry accounted for USD 172.4 billion in 2025 and is anticipated to show lucrative growth over the forecast period.
 

The European market exhibits established yet changing eating habits which create demand for sustainable food production methods that can trace their origins while customers prefer healthier oils for their regular dietary needs. The market demand is driven by food safety regulations combined with the rising demand for cold pressed and specialty oils and the ongoing shift from traditional high saturated fat ingredients used in baking and confectionery production.
 

Asia Pacific edible oils and fats market accounted for 20.4% market share in 2025 and is anticipated to show lucrative growth over the forecast period.
 

The Asia Pacific region functions as the most energetic market because urban population growth leads to more people dining out and people use vegetable oils for different purposes in their home cooking. The combination of increasing disposable income and growing demand for branded packaged oils drives market expansion while changing dietary habits lead to higher consumption of oils for snack production and bakery and packaged food manufacturing.
 

Latin America edible oils and fats industry is anticipated to grow at a CAGR of 6.6% during the analysis timeframe.
 

Latin America experiences consistent market growth because food manufacturers and bakeries and quick service restaurants depend on oils and fats to maintain their product quality. People in urban areas consume refined oils which are affordable while premium and fortified oils gradually become popular among them.
 

Middle East & Africa edible oils and fats market is expected to grow at a CAGR of 8% during the analysis timeframe.
 

The Middle East and Africa region depends more on edible oils and fats because food retail businesses grow and packaged food consumption increases and bakery and confectionery operators need more edible oils. The market receives benefits from manufacturers who import branded oils while local companies start to use better processing technology to improve their operations.
 

Edible Oils and Fats Market Share

• Wilmar, Cargill, ADM, Bunge, and Louis Dreyfus Company are a significant part of the global edible oils and fats industry and with further standing of being slightly consolidated with the top five players steadily holding 42% market share in the year 2025.
   
• Companies with integrated sourcing networks for oilseeds and raw materials secure steady supplies, helping them manage volatility and maintain competitive stability.
   
• Investments in efficient refining, deodorizing, and fractionation allow producers to deliver consistent quality and expand into high‑value specialty fats.
   
• A broad mix of oils, shortenings, blends, and functional fats helps players meet diverse household, industrial, and foodservice requirements.
   
• Development of healthier, low‑trans‑fat, fortified, and cold‑pressed variants supports stronger consumer alignment and regulatory compliance.
   
• Extensive coverage across traditional retail, modern trade, and e‑commerce boosts product visibility and deeper market penetration.
   
• Adoption of traceability practices, responsible sourcing, and sustainability programs strengthens competitive differentiation in global markets.
   
• Emphasis on brand trust, quality consistency, and transparent labeling helps companies stand out in a highly substitutable product environment.
   
• Customizing specialty oils and fats for bakery, snacks, and confectionery processors fosters stronger B2B relationships and recurring demand.
   
• Scaling refining capacities, automating operations, and optimizing logistics enable cost leadership in price‑sensitive segments.
   

Edible Oils and Fats Market Companies

The major players operating in edible oils and fats industry include:

• ACH Food Companies
• ADM
• Bunge
• Cargill
• Fuji Oil
• GrainCorp
• IOI Corporation
• Louis Dreyfus Company
• Nisshin Oillio
• Wilmar
• Others
   
• Wilmar operates an extensive integrated supply chain that spans crushing, refining, and packaging of edible oils, enabling consistent quality across large volumes. Its strong presence in both retail and industrial channels supports broad market participation across diverse oil categories.
   
• Cargill plays a significant role in the edible oils and fats space through large-scale refining, customized formulations, and specialty functional fats for bakery and foodservice clients. Its global processing infrastructure supports reliable supply and tailored solutions for varied applications.
   
• ADM leverages its oilseed processing strength to supply refined vegetable oils, functional blends, and specialty fats used in snacks, baked goods, and packaged foods. Its focus on refining technologies and formulation support enhances performance consistency across industrial applications.
   
• Bunge contributes to the market through strong oilseed sourcing, advanced refining operations, and production of versatile edible oils suited for household and commercial use. Its integrated network supports steady supply and broad application in food manufacturing segments.
   
• Louis Dreyfus Company participates in the edible oils and fats market through efficient sourcing, processing, and distribution of key vegetable oils. Its emphasis on operational integration and quality assurance supports reliable supply to both bulk users and value-added product manufacturers.
   

Edible Oils and Fats Industry News

• In December 2025,  ADM and Planters Cotton Oil Mill announced they had finalized an agreement to form a cottonseed processing joint venture. Planters contributed its Pine Bluff crush plant and regional facilities, while ADM added its Memphis cottonseed site. The Memphis refinery was set to operate under the venture and crushing operations at the Memphis facility were discontinued.
   
• In October 2022, Bunge and Olleco, the ABP Food Group's renewables subsidiary, decided to establish a joint venture that would manage the entire life cycle of edible oils.
   

The edible oils and fats market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & (Kilo Tons) from 2022 to 2035, for the following segments:

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Market, By Type

• Vegetable oils
  • Palm oil
  • Soybean oil
  • Rapeseed oil
  • Mustard oil
  • Coconut oil
• Animal fats
  • Tallow
  • Lard
  • Ghee
  • Others

Market, By Processing Type

• Virgin/Cold-Pressed Oils
• Refined Oils & Fats
• Modified Fats

Market, By Application

• Bakery and confectionery
• Snacks
• Meat products
• Others
   

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa