# Edible Oils Fats Market > Edible Oils and Fats Market Size, Share, Industry Trend & Analysis Research Report Information By Type (Oils, Fats), By Source (Plant, Animal), By Application (Bakery & Confectionery, Convenience Foods, Sauces, Spreads and Dressings, HORECA), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Forecast Till 2035 - **Forecast Period:** 2025 - 2035 - **CAGR:** 5.7% - **2024:** $ 424.7 Billion - **2025:** $ 448.7 Billion - **2035:** $ 777.4 Billion - **Key Players:** Cargill (US), Archer Daniels Midland (US), Bunge (US), Wilmar International (SG), Unilever (GB), Kraft Heinz (US), Olam International (SG), Sime Darby (MY), IOI Corporation (MY) **Report ID:** MRFR/FnB/1461-CR · **Pages:** 145 · **Author:** Pradeep Nandi · **Last Updated:** May 02, 2026 **URL:** https://www.marketresearchfuture.com/reports/edible-oils-fats-market-1993 --- ## Market Summary ## **Global Edible Oils and Fats Market Overview** Edible Oils and Fats Market Size was valued at USD 120.5 billion in 2022. The Edible Oils and Fats industry is projected to grow from USD 125.66 Billion in 2023 to USD 161.69 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.29% during the forecast period (2023 - 2030). An increase in demand in emerging markets like India, Indonesia, and Argentina drives the expansion of the cooking oils and fats market. The demand for processed and convenience meals rises ly due to rising consumer disposable income and a busy lifestyle, which propels market expansion, thus driving the growth of the edible oils and fats. These are just a few of the market drivers that are driving the market. Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review ## **Edible Oils and Fats Market Trends** Shortenings, margarine, confectionery fats, cooking/frying oil, and margarine are the four main conventional uses of palm oil in food goods. Both solid fat products and liquid cooking oils, particularly for purposes in industrial frying, frequently employ palm oil. It offers a wide range of technical qualities used in culinary applications, such as oxidation resistance, which extends the shelf life of finished goods. Due to its 20–22% solid fat content (SFC) at 20°C, which aids in creating fat products with a plastic range, palm oil is ideal for use as a component in shortenings and margarine. It is prone to form small beta-prime crystals, which is advantageous for several applications, particularly in the table and industrial margarine. The functional qualities of palm oil make it a valuable ingredient in food compositions. [Palm oil](../../../reports/palm-oil-market-5235) can be combined with tougher fractions like palm stearin in various applications to produce goods with the required consistency without hydrogenation. Common products manufactured using palm oil and palm kernel oil include margarine and spreads, confectionery, non-dairy goods, frying and cooking oils, shortenings, vegetable ghee or vanaspati, and vegetable ghee or vanaspati in mixes with other oils. Thus, this factor is driving the market CAGR. For stir-fries and desserts, coconut oil has traditionally been a favorite cooking oil in Southeast Asian cuisine. ly, it is being used more and more commonly as a butter alternative in baked products, desserts, and savory cooking methods like frying, sautéing, and roasting. It works well as a vegan alternative to butter. In the kitchen, coconut oil can be used in various dishes, including sauces, salads, marinades, [smoothies](../../../reports/smoothie-market-6577) , and desserts. It can spread (or drizzle) on top of meals, cook, make granola, make a seafood dip, sauté veggies, or fry food. Moreover, it can be used to make popcorn or as a butter alternative while prepping foods like scrambled eggs and pancakes. The preferred use for coconut oil is baking. It makes baked items richer and more flavorful, resulting in a lighter finished product. Coconut oil is increasingly used in cooking, causing the cooking Oils & Fats Market to expand. Thus, it is anticipated that this aspect will accelerate edible oils and fats market revenue. ## **Segment Insights** ### **Edible Oils and Fats Type Insights** The Edible Oils and Fats market segmentation, based on type includes, oils, and fats. The oils segment held the majority share in 2022 in the edible oils and fats industry data. The massive use of palm oil in China, India, Indonesia, and the European Union is responsible for this growth. There have been molecular studies on cacao using molecular markers. The broadening use of palm oil across the food industry, with its adaptability and lower price compared to other cooking oils, further fosters the segment's expansion. ### **Edible Oils and Fats Source Insights** The Edible Oils and Fats market segmentation, based on source, includes plants, and animals. The plants segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to the increased demand for essential vegetable oils like soybean, palm, and others across the food industry and industrial uses, the vegetable oil segment is predicted to develop substantially over the forecast years. Increasing demand for palm oil is expected to help the vegetable segment grow over the predicted years due to its easy availability, low cost, and taste-improving capabilities in creating confectionary goods and baked goods, hence contributing in the growth of the market of edible oils and fats. **Figure 1:  Edible Oils and Fats Market, by Source, 2022 & 2030 (USD Billion)** Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review ### **Edible Oils and Fats Application Insights** The Edible Oils and Fats market segmentation, based on application includes, bakery & confectionery, convenience foods, [sauces](../../../reports/sauces-market-2791) , spreads and dressings, HORECA. The bakery & confectionery segment held the majority share in 2022 in the edible oils and fats industry data. This increase is attributable to the increased use of cooking oil in baking processes worldwide. The growing use of palm oil in baking as a lubricant, emulsifier, flavor enhancer, and moisture provider are accelerating the expansion of this market. ### **Edible Oils and Fats Regional Insights** By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Edible Oils and Fats market accounted for USD 55.185 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. The area's rising per-capita income and fast-food consumption are the main drivers of this region's growth. Public health organizations have worked hard to promote the consumption of low-calorie and cholesterol-free cooking oils, which well-informed and wealthy consumers use to reduce the effects of aging. The North American Region’s Cooking Oils & Fats Market is expanding due to the rising demand for wholesome, natural, and nutrient-dense food prepared with oils like palm and coconut. New product development, partnerships, partnerships, expansions, mergers, and acquisitions are the main strategies used by the organisations in the market. Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. **Figure 3:  EDIBLE OILS AND FATS MARKET SHARE BY REGION 2022 (%)** Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review Europe Edible Oils and Fats market accounts for the second-largest market share. Until the end of the forecast period, the market for edible oils and fats is expected to rise due to the use of these products in the HORECA sector. It is anticipated that consumers in Spain, Italy, and France will increase their regular consumption of specialty oils from the Mediterranean diet, such as olive oil. Moreover, UK market of Edible Oils and Fats held the largest market share, and the Germany Edible Oils and Fats industry was the fastest growing market in the region. Asia Pacific Edible Oils and Fats Market is expected to grow at the fastest CAGR from 2022 to 2030. The application of fish oil as a nutritional supplement has skyrocketed in developed nations like Japan and Australia in the Asia-Pacific area due to rising consumer health concerns. The growth of the Asia-Pacific region's cooking oils & fats market is further fueled by the expansion of vegetable oil production and consumption, along with cooking oils such as palm and coconut oil. Further, the China Edible Oils and Fats industry held the largest market share, and the India edible oils and fats industry was the fastest-growing market in the region. ## **Edible Oils and Fats Key Market Players & Competitive Insights** Major market players are spending a lot of money on R&D to increase their product lines, which will help the Edible Oils and Fats market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the edible oils and fats industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment. One of the primary business strategies adopted by manufacturers in the  edible oils and fats industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, edible oils and fats industry has provided medicine with some of the most significant benefits. The Edible Oils and Fats market major player such as James Richardson & Sons Limited, Wilmar International Ltd., Associated British Foods PLC, Cargill Incorporated. Founded in Wilmington, Delaware and headquartered in Minnetonka, Minnesota, Cargill, Incorporated is a privately held American multinational food conglomerate. Established in 1865, it had the greatest revenue of any privately held company in the US. The largest animal feed manufacturer in China, New Hope Group, and Cargill formed a joint venture in May 2017 to develop a soybean crush plant. The factory is projected to have a daily processing capacity of 50,000 tonnes of soybeans, generating soymeal and oil. The second-largest producer of palm oil in Indonesia is Astra Agro Lestari. It belongs to PT Astra International Tbk as a subsidiary. It had substantial land banks under its control, at least in 2004. There are two concessions on peatlands in Riau that are thought to have a combined total of 20,000 hectares. Astra Agro announced in January 2018 that work on a new palm oil mill plant with a 45-ton-per-hour output capacity would start in South Kalimantan in 2019. ### **Key Companies in the Edible Oils and Fats market includes** ### Edible Oils Fats Market Industry Developments - **Q2 2024: Wilmar International opens new edible oil refinery in Nigeria** Wilmar International commissioned a new edible oil refinery in Lagos, Nigeria, expanding its production capacity to meet growing demand in West Africa. The facility is expected to process palm and soybean oils for both domestic consumption and export. - **Q2 2024: Cargill launches new sustainable palm oil product line for European market** Cargill introduced a new line of certified sustainable palm oil products aimed at food manufacturers in Europe, responding to increased regulatory and consumer demand for traceable, deforestation-free supply chains. - **Q1 2024: Bunge appoints new CEO to drive growth in edible oils segment** Bunge Limited announced the appointment of a new Chief Executive Officer, emphasizing a strategic focus on expanding its edible oils and fats business globally, particularly in emerging markets. - **Q2 2024: ADM acquires majority stake in Indian edible oil company Geepee Agri** ADM completed the acquisition of a 51% stake in Geepee Agri, a leading Indian edible oil producer, strengthening its presence in the fast-growing South Asian market. - **Q1 2024: Olam Agri secures $200 million contract to supply sunflower oil to Egypt** Olam Agri signed a major contract with the Egyptian government to supply 100,000 metric tons of sunflower oil in 2024, supporting Egypt’s food security initiatives. - **Q3 2024: Unilever launches plant-based margarine brand in North America** Unilever introduced a new plant-based margarine under its Flora brand, targeting health-conscious consumers and the growing demand for vegan-friendly edible fats in the U.S. and Canada. - **Q2 2024: Bunge completes $1.2 billion acquisition of Brazilian soybean oil processor** Bunge finalized the acquisition of a major soybean oil processing company in Brazil, expanding its footprint in South America and increasing its edible oil production capacity. - **Q1 2025: Wilmar International partners with Nestlé to develop sustainable palm oil supply chain** Wilmar International and Nestlé announced a strategic partnership to enhance traceability and sustainability in their palm oil supply chains, aiming for full compliance with new EU deforestation regulations. - **Q2 2025: Deoleo opens new olive oil bottling facility in Spain** Deoleo, the world’s largest olive oil company, inaugurated a state-of-the-art bottling plant in Andalusia, Spain, to increase production efficiency and meet rising global demand for premium olive oils. - **Q1 2025: Cargill invests $100 million in U.S. edible oil processing plant expansion** Cargill announced a $100 million investment to expand its edible oil processing facility in Iowa, aiming to boost output of canola and soybean oils for the North American food industry. - **Q3 2024: AAK AB acquires UK-based edible fats specialist for $250 million** Swedish company AAK AB completed the acquisition of a leading UK edible fats manufacturer, strengthening its position in the European bakery and confectionery fats market. - **Q2 2024: Bunge signs long-term supply agreement with McDonald’s for cooking oils in Asia** Bunge entered into a multi-year contract to supply blended cooking oils to McDonald’s outlets across several Asian countries, supporting the fast-food giant’s regional expansion. ## **Edible Oils and Fats Market Segmentation** ### **Edible Oils and Fats Type Outlook (USD Billion, 2018-2030)** ### **Edible Oils and Fats Source Outlook (USD Billion, 2018-2030)** ### **Edible Oils and Fats Application Outlook (USD Billion, 2018-2030)** ### **Edible Oils and Fats Regional Outlook (USD Billion, 2018-2030)** ## Market Drivers ### Rising Demand for Plant-Based Oils The increasing consumer preference for plant-based diets is driving the demand for oils derived from sources such as soybeans, sunflowers, and canola. This trend is particularly evident in regions where health-conscious choices are becoming more prevalent. In the edible oils and fats market, plant-based oils are projected to account for a significant share, with estimates suggesting that their consumption could rise by over 20% in the next five years. This shift is influenced by the growing awareness of the health benefits associated with these oils, including lower saturated fat content and higher levels of essential fatty acids. As consumers seek healthier alternatives, the market for plant-based oils is likely to expand, prompting manufacturers to innovate and diversify their product offerings. ### Expansion of the Food Service Sector The food service industry, encompassing restaurants, cafes, and [catering services](https://www.marketresearchfuture.com/reports/catering-services-market-23311), is a significant driver of the edible oils and fats market. As dining out becomes increasingly popular, the demand for various cooking oils is expected to rise. The Global Edible Oils and Fats industry is likely to benefit from this trend, with estimates suggesting that the food service sector could contribute to a substantial portion of overall oil consumption. This growth is fueled by the rising number of food establishments and the diversification of cuisines offered, which often require specific types of oils for authentic flavor profiles. Furthermore, the trend towards healthier cooking practices in food service establishments is prompting chefs to seek high-quality oils, thereby influencing purchasing decisions and market dynamics. ### Growing Awareness of Health Benefits Consumer awareness regarding the health implications of dietary fats is influencing purchasing behavior in the edible oils and fats market. As individuals become more informed about the nutritional profiles of different oils, there is a noticeable shift towards healthier options, such as olive oil and [avocado oil](https://www.marketresearchfuture.com/reports/avocado-oil-market-4758). This trend is reflected in market data, which indicates that sales of these oils have increased significantly, with olive oil alone witnessing a growth rate of approximately 6% annually. The emphasis on heart-healthy fats and the reduction of trans fats in diets are driving consumers to opt for oils that offer health benefits. Consequently, manufacturers are responding by enhancing their product lines to include oils that cater to this health-conscious demographic, thereby shaping the future landscape of the market. ### Sustainability Initiatives in Oil Production Sustainability has emerged as a critical factor in the production of edible oils and fats, influencing both consumer preferences and industry practices. The Global Edible Oils and Fats industry is witnessing a shift towards sustainable sourcing and production methods, driven by increasing environmental concerns. Many consumers are now seeking products that are certified as sustainable, prompting manufacturers to adopt practices that minimize environmental impact. This includes the use of eco-friendly farming techniques and responsible sourcing of raw materials. Market data suggests that the demand for sustainably produced oils is on the rise, with projections indicating that this segment could grow by over 15% in the coming years. As sustainability becomes a key differentiator in the market, companies that prioritize eco-friendly practices are likely to gain a competitive edge. ### Increased Use of Edible Oils in Food Processing The food processing sector is a major consumer of edible oils and fats Market, utilizing them in various applications such as frying, baking, and as ingredients in processed foods. The Global Edible Oils and Fats industry is experiencing a surge in demand from this sector, with projections indicating a compound annual growth rate of approximately 4% over the next few years. This growth is attributed to the rising consumption of convenience foods and ready-to-eat meals, which often require the use of oils for flavor enhancement and preservation. Additionally, the trend towards healthier cooking oils is influencing food manufacturers to reformulate their products, thereby increasing the demand for high-quality edible oils. As the food processing industry evolves, the need for diverse oil options is expected to grow, further driving market expansion. ## Future Outlook The Global Edible Oils and Fats Market is projected to grow at a 5.7% CAGR from 2025 to 2035, driven by rising health consciousness, demand for sustainable sourcing, and innovation in product formulations. **New opportunities:** - Expansion into plant-based oil alternatives for health-conscious consumers. - - Development of eco-friendly packaging solutions to enhance sustainability. - Investment in digital marketing strategies targeting younger demographics. By 2035, the market is expected to achieve robust growth, reflecting evolving consumer preferences and sustainable practices. ## Segment Insights ### By Type: Oils (Largest) vs. Fats (Fastest-Growing) In The Global Edible Oils and Fats Market, the distribution of market share between oils and fats is significantly skewed, with oils claiming the largest portion of the market. The popularity of oils can be attributed to their diverse applications, ranging from cooking to industrial uses. On the other hand, fats account for a smaller yet crucial share, finding their application in baking, confectionery, and processed foods. This difference in market share highlights the strong consumer preference for oils due to their versatility and health perception. Over recent years, the market has witnessed notable growth trends, fueled by an increased demand for healthy oils and the rising popularity of plant-based fats. This shift is largely driven by consumer awareness regarding health and wellness, leading to a higher preference for natural and organic oils. As consumers continue to seek out healthier alternatives, the segment for fats is gaining momentum, positioning itself as the fastest-growing area within the market. The evolving culinary trends also contribute to the growing acceptance and use of fats in various cuisines, enhancing their market presence. Oils (Dominant) vs. Fats (Emerging) Oils have established themselves as the dominant segment in The Global Edible Oils and Fats Market, attributed to their extensive use across multiple sectors such as cooking, food processing, and personal care. Varieties like olive, sunflower, and canola oils not only cater to consumer preferences for flavor but also align with health trends, making them widely sought after. Meanwhile, fats are emerging as a significant player, especially in the realms of confectionery and baking, where they enhance texture and flavor profiles. The shift toward clean-label products is also aiding fats in gaining recognition, presenting opportunities for innovation and expansion in product lines. With changing consumer lifestyles and culinary trends, both segments complement each other, ensuring a dynamic market landscape. ### By Source: Plant (Largest) vs. Animal (Fastest-Growing) In The Global Edible Oils and Fats Market, the plant-based segment holds a significant market share, attributed to the rising consumer preference for healthier and plant-derived products. This segment is driven by growing awareness of health benefits, sustainability, and the diverse uses of plant oils in food and product formulations. On the other hand, the animal-based segment, although smaller, is witnessing rapid growth due to increasing demand for animal fats in culinary applications and processed foods. This duality creates a dynamic landscape in the market, with plant oils dominating but animal fats emerging strongly. Source: Plant (Dominant) vs. Animal (Emerging) The plant-based segment stands as the dominant source in The Global Edible Oils and Fats Market, characterized by a wide variety of oils including olive, soybean, and canola. These oils cater to diverse culinary and health needs and are recognized for their favorable fatty acid profiles. The emerging animal-based segment, while historically less prominent, is gaining traction as consumers seek authenticity and traditional flavors in cooking. The resurgence of interest in animal fats is driven by trends towards natural and clean label products, highlighting the unique properties of these fats in enhancing flavor and texture in various food preparations. This evolving market scenario reflects a balancing act between tradition and innovation. ### By Application: Bakery & Confectionery (Largest) vs. Convenience Foods (Fastest-Growing) Among the various applications in The Global Edible Oils and Fats Market, Bakery & Confectionery emerges as the largest segment, leading the market with its extensive use of oils and fats in baking, pastries, and confectionery products. Convenience Foods follow closely, gaining significant traction due to the increasing consumer preference for ready-to-eat meals and snack foods. This growth is largely driven by lifestyle changes and the demand for packaged foods that offer convenience without sacrificing taste. The Convenience Foods segment is witnessing impressive growth, making it one of the fastest-growing areas in the market. Factors contributing to this trend include the rapid urbanization, changing consumer habits, and an increasing number of working professionals preferring quick meal solutions. Additionally, innovative product formulations and marketing strategies aimed at health-conscious consumers are propelling the growth of both Bakery & Confectionery and Convenience Foods, thereby shaping the overall landscape of the edible oils and fats market. Bakery & Confectionery (Dominant) vs. Sauces (Emerging) The Bakery & Confectionery segment holds a dominant position in The Global Edible Oils and Fats Market, primarily due to its extensive application in a variety of baked goods, such as breads, cakes, and pastries. This segment benefits from a robust consumer base that seeks high-quality products, leading to a stable demand for specialized oils and fats that enhance flavor and texture. On the other hand, the Sauces segment is emerging as a noteworthy player, driven by increasing culinary exploration and a growing preference for diverse and flavorful cooking options. Consumers are more inclined to experiment with sauces, elevating their meals, and thus driving demand for oil-based dressings and condiments. The emerging trend toward health-conscious ingredients in sauces presents a unique opportunity for oil manufacturers to innovate and capture market share. ## Regional Market Share Analysis By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Edible Oils and Fats market accounted for USD 55.185 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. The area's rising per-capita income and fast-food consumption are the main drivers of this region's growth. Public health organizations have worked hard to promote the consumption of low-calorie and cholesterol-free cooking oils, which well-informed and wealthy consumers use to reduce the effects of aging. The North American Region’s Cooking Oils & Fats Market is expanding due to the rising demand for wholesome, natural, and nutrient-dense food prepared with oils like palm and coconut. New product development, partnerships, partnerships, expansions, mergers, and acquisitions are the main strategies used by the organisations in the market. Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. Europe Edible Oils and Fats market accounts for the second-largest market share. Until the end of the forecast period, the market for edible oils and fats is expected to rise due to the use of these products in the HORECA sector. It is anticipated that consumers in Spain, Italy, and France will increase their regular consumption of specialty oils from the Mediterranean diet, such as olive oil. Moreover, UK market of Edible Oils and Fats held the largest market share, and the Germany Edible Oils and Fats industry was the fastest growing market in the region. Asia Pacific Edible Oils and Fats Market is expected to grow at the fastest CAGR from 2022 to 2030. The application of fish oil as a nutritional supplement has skyrocketed in developed nations like Japan and Australia in the Asia-Pacific area due to rising consumer health concerns. The growth of the Asia-Pacific region's cooking oils & fats market is further fueled by the expansion of vegetable oil production and consumption, along with cooking oils such as palm and coconut oil. Further, the China Edible Oils and Fats industry held the largest market share, and the India edible oils and fats industry was the fastest-growing market in the region. ## Competitive Benchmarking Major market players are spending a lot of money on R&D to increase their product lines, which will help the Edible Oils and Fats market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the edible oils and fats industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.One of the primary business strategies adopted by manufacturers in the  edible oils and fats industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, edible oils and fats industry has provided medicine with some of the most significant benefits. The Edible Oils and Fats market major player such as James Richardson & Sons Limited, Wilmar International Ltd., Associated British Foods PLC, Cargill Incorporated.Founded in Wilmington, Delaware and headquartered in Minnetonka, Minnesota, Cargill, Incorporated is a privately held American multinational food conglomerate. Established in 1865, it had the greatest revenue of any privately held company in the US. The largest animal feed manufacturer in China, New Hope Group, and Cargill formed a joint venture in May 2017 to develop a soybean crush plant. The factory is projected to have a daily processing capacity of 50,000 tonnes of soybeans, generating soymeal and oil.The second-largest producer of palm oil in Indonesia is Astra Agro Lestari. It belongs to PT Astra International Tbk as a subsidiary. It had substantial land banks under its control, at least in 2004. There are two concessions on peatlands in Riau that are thought to have a combined total of 20,000 hectares. Astra Agro announced in January 2018 that work on a new palm oil mill plant with a 45-ton-per-hour output capacity would start in South Kalimantan in 2019. ## Recent News & Developments - **Q2 2024: Wilmar International opens new edible oil refinery in Nigeria** Wilmar International commissioned a new edible oil refinery in Lagos, Nigeria, expanding its production capacity to meet growing demand in West Africa. The facility is expected to process palm and soybean oils for both domestic consumption and export. - **Q2 2024: Cargill launches new sustainable palm oil product line for European market** Cargill introduced a new line of certified sustainable palm oil products aimed at food manufacturers in Europe, responding to increased regulatory and consumer demand for traceable, deforestation-free supply chains. - **Q1 2024: Bunge appoints new CEO to drive growth in edible oils segment** Bunge Limited announced the appointment of a new Chief Executive Officer, emphasizing a strategic focus on expanding its edible oils and fats business globally, particularly in emerging markets. - **Q2 2024: ADM acquires majority stake in Indian edible oil company Geepee Agri** ADM completed the acquisition of a 51% stake in Geepee Agri, a leading Indian edible oil producer, strengthening its presence in the fast-growing South Asian market. - **Q1 2024: Olam Agri secures $200 million contract to supply sunflower oil to Egypt** Olam Agri signed a major contract with the Egyptian government to supply 100,000 metric tons of sunflower oil in 2024, supporting Egypt’s food security initiatives. - **Q3 2024: Unilever launches plant-based margarine brand in North America** Unilever introduced a new plant-based margarine under its Flora brand, targeting health-conscious consumers and the growing demand for vegan-friendly edible fats in the U.S. and Canada. - **Q2 2024: Bunge completes $1.2 billion acquisition of Brazilian soybean oil processor** Bunge finalized the acquisition of a major soybean oil processing company in Brazil, expanding its footprint in South America and increasing its edible oil production capacity. - **Q1 2025: Wilmar International partners with Nestlé to develop sustainable palm oil supply chain** Wilmar International and Nestlé announced a strategic partnership to enhance traceability and sustainability in their palm oil supply chains, aiming for full compliance with new EU deforestation regulations. - **Q2 2025: Deoleo opens new olive oil bottling facility in Spain** Deoleo, the world’s largest olive oil company, inaugurated a state-of-the-art bottling plant in Andalusia, Spain, to increase production efficiency and meet rising global demand for premium olive oils. - **Q1 2025: Cargill invests $100 million in U.S. edible oil processing plant expansion** Cargill announced a $100 million investment to expand its edible oil processing facility in Iowa, aiming to boost output of canola and soybean oils for the North American food industry. - **Q3 2024: AAK AB acquires UK-based edible fats specialist for $250 million** Swedish company AAK AB completed the acquisition of a leading UK edible fats manufacturer, strengthening its position in the European bakery and confectionery fats market. - **Q2 2024: Bunge signs long-term supply agreement with McDonald’s for cooking oils in Asia** Bunge entered into a multi-year contract to supply blended cooking oils to McDonald’s outlets across several Asian countries, supporting the fast-food giant’s regional expansion. ## Report Scope | MARKET SIZE 2024 | 424.7(USD Billion) | | --- | --- | | MARKET SIZE 2025 | 448.7(USD Billion) | | MARKET SIZE 2035 | 777.4(USD Billion) | | COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.7% (2025 - 2035) | | REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends | | BASE YEAR | 2024 | | Market Forecast Period | 2025 - 2035 | | Historical Data | 2019 - 2024 | | Market Forecast Units | USD Billion | | Key Companies Profiled | Cargill (US), Archer Daniels Midland (US), Bunge (US), Wilmar International (SG), Unilever (GB), Kraft Heinz (US), Olam International (SG), Sime Darby (MY), IOI Corporation (MY) | | Segments Covered | Type, Source, Application, Region | | Key Market Opportunities | Growing demand for plant-based oils driven by health consciousness and sustainability trends. | | Key Market Dynamics | Rising consumer preference for healthier oils drives innovation and competition among edible oils and fats producers. | | Countries Covered | North America, Europe, APAC, South America, MEA | ## Frequently Asked Questions **Q: What is the projected market valuation of The Global Edible Oils and Fats by 2035?** A: The projected market valuation for The Global Edible Oils and Fats is 208.02 USD Billion by 2035. **Q: What was the market valuation of The Global Edible Oils and Fats in 2024?** A: The overall market valuation was 131.05 USD Billion in 2024. **Q: What is the expected CAGR for The Global Edible Oils and Fats during the forecast period 2025 - 2035?** A: The expected CAGR for The Global Edible Oils and Fats during the forecast period 2025 - 2035 is 4.29%. **Q: Which companies are considered key players in The Global Edible Oils and Fats?** A: Key players in the market include Cargill, Archer Daniels Midland, Bunge, Wilmar International, Unilever, Kraft Heinz, Olam International, Sime Darby, and IOI Corporation. **Q: What are the projected valuations for oils and fats segments in The Global Edible Oils and Fats?** A: The projected valuation for oils is expected to reach 140.0 USD Billion, while fats may reach 68.02 USD Billion by 2035. **Q: How do plant-based and animal-based sources compare in The Global Edible Oils and Fats?** A: By 2035, plant-based sources are projected to reach 130.0 USD Billion, whereas animal-based sources may reach 78.02 USD Billion. **Q: What applications are driving growth in The Global Edible Oils and Fats?** A: The applications driving growth include Bakery & Confectionery, Convenience Foods, Sauces, Spreads and Dressings, and HORECA, with projected valuations ranging from 30.0 to 55.0 USD Billion. **Q: What was the valuation of the Convenience Foods segment in 2024?** A: The valuation of the Convenience Foods segment was 35.0 USD Billion in 2024. **Q: What is the significance of the HORECA segment in The Global Edible Oils and Fats?** A: The HORECA segment is projected to grow from 21.05 USD Billion in 2024 to 35.02 USD Billion by 2035. **Q: How does the growth of The Global Edible Oils and Fats reflect consumer trends?** A: The growth of The Global Edible Oils and Fats suggests a rising consumer demand for diverse food applications, with a notable shift towards healthier and plant-based options. --- *This Markdown endpoint is provided for AI systems and LLM crawlers. 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