Edible Oils Market by Source (Avacado, Corn, Grape Seed), Type (Conventional, Organic), Packaging, End-User - Global Forecast 2024-2030

[180 Pages Report] The Edible Oils Market size was estimated at USD 104.19 billion in 2023 and expected to reach USD 109.38 billion in 2024, at a CAGR 5.20% to reach USD 148.66 billion by 2030.

Edible or cooking oil is fat extracted from plant, animal, or microbial origin, which is liquid at room temperature and suitable for preparing food. The surge in fast food consumption and growing awareness regarding the availability of cold pressed are accelerating their sales worldwide. The increasing need for organic edible oil and rapid development and expansion in the food sector are increasing the use of edible oil. However, the volatility of raw material prices, including coconut, sunflower, canola, and safflower, may increase oil prices and hamper market growth. Moreover, the ongoing development of innovative packaging to enhance the shelf life of edible oil, along with government support to improve the production of edible oil, is expected to increase the production and use of edible oil across food industries across the globe.

The edible oils market is evolving in the Americas due to the rapid expansion of food processing industries and major market players the region. The Asia-Pacific region is expected to show significant growth potential due to the increased production of oilseeds and government initiatives for oilseed cultivation and availability. For instance, the government has implemented the National Mission on Edible Oil (NMEO) for the growing demand for edible oil, such as sesame oil, groundnut oil, safflower oil, and palm oil, among others. The elevating consumer living standards and the increasing penetration of international culinary trends further augment the demand for high-quality product variants in the EMEA region, such as olive oil, sesame oil, and flaxseed oil. The growing focus of developing and developed nations to increase cultivation and production to reduce reliance on imports is expected to create immense potential for the growth of the edible oils market worldwide.

The market dynamics represent an ever-changing landscape of the Edible Oils Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Growing consumption of fast food increasing the demand for edible oils
  • Increasing demand for cold pressed and organic edible oils
  • Inclination of consumers towards clean label edible oils
• Market Restraints
  • Incidences of adulteration and fluctuating cost of raw material
• Market Opportunities
  • Introduction of new packaging techniques and plant based edible oil products
  • Favorable government initiatives to support production of oilseeds
• Market Challenges
  • Stringent government restrictions for import of edible oil

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Edible Oils Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Edible Oils Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Edible Oils Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Bunge acquires edible oil refinery in Louisiana

  Bunge, a leading agribusiness company, recently acquired a state-of-the-art edible oil refinery plant to broaden their portfolio in the edible oil market. This strategic move reaffirms Bunge's commitment to providing high-quality products to their customers. With the acquisition of this facility, Bunge gains access to new capabilities and technologies that will enhance their operations and support their growth in the industry. The company is poised to provide a wider range of options and solutions to meet the evolving demands of their customers in the edible oil market. Bunge's investment in this refinery demonstrates their dedication to serving their customers with excellence and maintaining a competitive edge in the market. [Published On: April 10, 2023]

• Cargill Edible Oil Brand NatureFresh Launches a Refreshed Brand Campaign

  Cargill's NatureFresh, a leading brand in the edible oil market, has recently launched a refreshed brand campaign to further strengthen its position in the industry. This campaign reflects the brand's commitment towards providing consumers with high-quality, natural and healthy edible oil products. With its state-of-the-art facilities and advanced technology, NatureFresh delivers a range of edible oils that cater to diverse cooking needs. The brand's refreshed campaign emphasizes its dedication towards promoting a healthy lifestyle, and highlights the importance of choosing the right kind of edible oil. As a professional player in the market, Cargill's NatureFresh will undoubtedly continue to deliver remarkable products that cater to a wide range of consumer needs. [Published On: March 30, 2023]

• Olleco Bunge, has announced the acquisition of Rafrinor, S.L. and Discoil, S.L. two used cooking oil collectors and processors in Spain, as part of its expansion plans in Europe

  As part of its expansion plans in Europe, Bunge has announced the acquisition of Rafinor and Discoil, two used cooking oil collectors and processors in Spain. This move is a strategic step towards Bunge's goal of increasing its global presence in the edible oils market. With the acquisition, Bunge will be able to extend its customer base, fortify existing relationships, and offer a wider range of products and services to customers in Spain. Bunge is a well-established player in the edible oils market and this acquisition is expected to further strengthen its position in the industry. With this move, Bunge demonstrates its continued commitment to serving its customers' evolving needs in the most innovative and sustainable way. [Published On: March 27, 2023]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Edible Oils Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The report delves into recent significant developments in the Edible Oils Market, highlighting leading vendors and their innovative profiles. These include 3F Industries Ltd., ACH Food Companies, Inc., Adani Group, AJWA Group, American Vegetable Oils, Inc., Archer Daniels Midland Company, Avofnc Inc., Borges International Group, S.L., Bunge Limited, Canada Pride Foods Inc., Carapelli Firenze S.p.A., Cargill, Incorporated, CHS Inc., Cobram Estate Olives Limited, COFCO, Conagra Brands, Inc., FEDIOL, Flexs Trading LLC, Fuji Oil, GrainCorp Limited, Guaranty Oils, Henry Lamotte Oils GmbH, IOI Corporation Berhad, J-OIL MILLS , INC., Kuala Lumpur Kepong Berhad, Lam Soon Group, Liberty Oil Mills, Maroli Olives, Musim Mas Group, Nestle S.A., Ngo Chew Hong Edible Oil Pte Ltd, Nisshin Oillio Group Ltd., Olam International Limited, Olenex Sàrl, Patanjali Foods Ltd., Peerless Holdings Pty Ltd, Preston Oil Limited, Pure Oil New Zealand Ltd., Purti Vanaspati Pvt. Ltd., Ragasa - Derechos Reservados, Richardson Oilseed Ltd., Salad Oils International Corporation, Sunora Foods, Tirumalla Edible Oils & Foods, Titan Oils Inc., UEDA OILS ＆ FATS MFG. CO.,LTD., and Vijay Solvex Ltd.

This research report categorizes the Edible Oils Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Source
  • Avacado
  • Corn
  • Grape Seed
  • Olive
  • Palm
  • Peanut
  • Pumpkin Seed
  • Rapeseed
  • Safflower
  • Soybean
  • Sunflower
• Type
  • Conventional
  • Organic
• Packaging
  • Flexible Packaging
    • Plastic Pouches
    • Stand-up Pouches
  • Rigid Packaging
    • Glass Bottles
    • High Density Polyethylene (HDPE) Containers
    • Polyethylene Terephthalate (PET) Bottles
    • Tin Containers
  • Semi-rigid Packaging
    • Bag-in-box Packaging
    • Liquid Packaging Cartons
• End-User
  • Domestic
  • Industrial

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?