Edible Oil Market Size | Industry Outlook Report 2025

Q: What is the projected value of the edible oil industry by 2031?

The market is expected to go beyond USD 254.8 billion by 2031, reflecting the steady demand across household and industrial applications.

Q: What are the factors propelling growth in this industry?

A combination of evolving dietary preferences, expanding food manufacturing, and the rising popularity of functional and organic oils.

Q: What limitations could impact edible oil market expansion?

Volatility in raw material prices, dependency on imports in certain regions, and challenges related to adulteration and quality standards may slow down the pace.

Q: Which regions are leading in edible oil consumption and production?

Asia-Pacific, particularly India and China, holds the largest market share, while North America is witnessing a rise in specialty and organic oil demand.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Edible Oil Market Size | Global Trends and Forecast 2025

Code: MTA4265

Publication Date: Jun 2025

What is the Edible Oil Market Size?

According to 绿帽社 internal database and market analytics, the Global edible oil market was projected to reach USD 189.4 billion in 2024, and is expected to exceed USD 254.8 billion by 2031, registering a CAGR of 8.4% during the forecast period.

This expansion is attributed to increasing health-consciousness, rising disposable incomes, and a surge in demand for premium oils such as olive, avocado, and rice bran oil. Furthermore, expanding foodservice sector continue to fuel bulk consumption across regions.

Growth Drivers of the Edible Oil Market

Growing demand for healthy oils with low cholesterol and high nutrient value.
Favorable initiatives by the government supporting oilseed farming and domestic production.
Surging demand for organic and cold-pressed edible oils.
Increasing usage of edible oils in processed foods and baked goods.
Growth in packaged and branded oil consumption due to rapid urbanization.
Shifting consumer preference from traditional oils to fortified variants.

Edible Oil Market Trends

The edible oil market is expected to witness robust growth, driven by key trends including rising interest in sustainable sourcing, non-GMO ingredients, and value-added oils. Cold-pressed and extra virgin oils are gaining traction, particularly among millennials and health-aware urban populations. On the other hand, digitization in distribution and direct-to-consumer (D2C) models are optimizing the reach of niche oil brands. Manufacturers are also investing in lightweight, eco-friendly packaging to meet environmental standards and improve logistics.