Edible Oil Market

Edible Oil Market is valued at USD 23.21 Billion in 2021 and is expected to reach USD 34.51 Billion by 2028 with a CAGR of 5.83% over the forecast period.

Global Edible Oil Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Rising awareness regarding health and growing urbanization are increasing the consumption of edible oils and thus, driving the growth of Global Edible Oil Market.

Scope of Global Edible Oil Market Report

Edible Oil is a type of fat that can be made from plants, animals, or synthetic fat and it is used in frying, baking, and other forms of cooking. There are a wide variety of oils that are plant-based such as Olive oil, palm oil, soybean oil, rapeseed oil, corn oil, peanut oil, and other vegetable oils, and from animal-based oils like butter and lard. These oils can also be flavored with herbs, garlic, or chili. The application of vegetable oil is expanded in various sectors such as food, pharmaceuticals, cosmetics, lubricants, paints, and others. Edible oils are categorized based on their method of extraction such as cold-pressed oil, refined oil, and unrefined oil. The nutritional value of cold-pressed and refined oils is high.

They are more hygienic, healthier, and have a range of advantages over cold-pressed oils. Unrefined oils are most acceptable due to the presence of a good amount of nutrients, which is true in its flavor and smell. Edible oils have various health benefits like it contains antioxidants that protect the skin, prevents chronic disease, helps to prevent cancer, enhances the immune system, and many other health benefits. They are a rich source of essential nutrients and it plays important role in maintaining human health.  Nowadays, edible oils are being used in personal care products and cosmetics because it contains various essential nutrients and vitamins as they are good for the skin.

During the Covid-19 pandemic, production and distribution of these products have been hampered as a result of government-imposed restrictions and temporary shutdowns of food industries, which have shown a negative effect on market growth. However, individuals are staying at home and working from home has increased the consumption of vegetable oil used for cooking, which has led to the growth of the edible oil market.

Edible Oil Manufacturers

Some major key players for the Edible Oil market report cover prominent players like

• ADM
• Bunge Ltd.
• Apetit Group
• ACH Food Companies
• BASF SE
• Henry Lamotte Oils GmbH
• Adani Wilmer Group
• Hebany Group
• Cargill Incorporated.
• American Vegetable Oils Inc.
• IFFCO
• Liberty Oil Mills
• Olenex Sarl
• SOVENA
• others

Global Edible Oil Market Segmentation:

Global edible oil market is segmented on the basis of types, end-user, distribution channel and region & country level. Based upon type, edible oil market is classified into palm oil, soybean oil, rapeseed oil, sunflower oil, peanut oil and others. Based upon end-user, the market is divided into household, industrial and commercial. Based on distribution channel, the global edible oil market is classified into online and offline.

By Type of Edible Oil

• Plant Based Oil
  • Olive oil
  • Palm Oil
  • Soybean Oil
  • Canola Oil
  • Corn Oil
  • Peanut Oil
  • Vegetable Oil
  • Others
• Animal Based Oil
  • Fish Oil
  • Butterfat Oil
  • Whale Oil
  • Others

By Packaging

• Rigid Packaging
  • HDPE
  • Tin
  • Glass
  • PET
• Flexible packaging
  • Plastic Pouches
  • Stand-Up Pouches
• Semi-Rigid Packaging
  • Liquid cartons
  • Bag-in-Box

By Application

• Frying
• Baking
• Soaps
• Skin Products
• Candles
• Perfumes
• Cosmetic Products
• Others

By End User

• Household
• Industrial
• Commercial

By Distribution Channel

• Online
• Offline

The regions covered in this global edible oil market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of edible oil is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

News:

Amul Entered into Edible Oil Business with Launch of Janmay

July 9^th, 2020; Amul has entered the edible oils business with the launch of Janmay brand in Gujarat and hopes to provide remunerative prices to oilseed farmers, the company said in a statement.

Rising Awareness Regarding Health and Growing Urbanization are Increasing the Consumption of Edible Oils are Driving the Market Growth

Demand for edible oils is increasing, especially for oils with low cholesterol and low fat because rising health awareness is influencing consumers to use healthy and high-quality edible oils. Edible oils have various health benefits because it contains essential nutrients omega 3, vitamins and natural antioxidants that are good for health. Growing urbanization is also supplementing the consumption of edible oils. Growing crop yields and improvement in retail sectors are also driving the growth of market. According to the Journal of Nanomaterials 2020, the production volume of vegetable oil in the 2019 and 2020 crop year exceeded 200 million metric tons worldwide. Almost 87% of the total world production of edible vegetable oils is represented by four plant oils only, i.e., palm (36.5%), soy (27.4%), rape (13.1%) and sunflower (10.0%). However, extra intake and prolonged consumption of any burnt edible oil can cause health issues such as atherosclerosis, inflammatory join disease and birth defects which may hamper the market growth. In spite of that, an increasing number of product offerings may  offer more opportunities for the further growth of the global edible oil market.

Asia Pacific is Expected to Witness the Fastest Growth in the Global Edible Oil Market

The global edible oil market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to witness the fastest growth in the global edible oil market. The various varieties of oilseeds are grown as well as processed in this region. According to the Journal of Oilseeds & Fats Crop and Lipids 2016, 45% of world oils and fats are consumed in Asia. The world of Asian oilseeds and vegetable oils is highly concentrated on soybeans and palm oil. In spite of large domestic production in China, soybeans are imported in huge quantities, mostly by China (78 MnT, 84% of the region’s imports) where more than 28% of world soybeans production is being crushed. Palm oil, the second large commodity consumed in Asia, is mainly produced within the region, mostly in Indonesia and Malaysia.

On Special Requirement Edible Oil market Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 23.21 Bn
Base year considered	2020
Forecast Period CAGR %:	5.83%
Market Size Expected in 2028:	USD 34.51 Bn
Tables, Charts & Figures:	175
Pages	200
Edible Oil Manufacturers	ADM, Bunge Ltd., Apetit Group, ACH Food Companies, BASF SE, Henry Lamotte Oils GmbH, Adani Wilmer Group, Hebany Group, Cargill Incorporated., American Vegetable Oils Inc., IFFCO, Liberty Oil Mills,  Olenex Sarl, SOVENA and others
Segments Covered	By Type of Edible Oil, By Packaging, By Application, By End User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Global Edible Oil Market Report–

• Global Edible Oil Market report covers in-depth historical and forecast analysis.
• Global Edible Oil research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Edible Oil Manufacturers,  Regional and Country Level.
• Global Edible Oil Market report helps to identify opportunities in the marketplace.
• Global Edible Oil Market report covers extensive analysis of emerging trends and competitive landscape.