How big is the cooking oil market

Q: What was the cooking oil market size in 2024 and what is its CAGR?

The market was valued at USD鈥�202.4鈥痓illion in 2024, with a CAGR of approximately 4.5% through the next decade.

Q: What are the main consumer trends driving cooking oil demand?

Cooking oil market trends include health consciousness, interest in specialty oils, clean-label transparency, and sustainable processing.

Q: What are the main challenges facing the cooking oil market?

The cooking oil market faces several challenges, including volatile raw material prices, health concerns, and supply chain disruptions. The prices of key raw materials like palm oil, soybean, and sunflower oil are often affected by climatic changes.

Q: What key factors are driving growth in the cooking oil market?

The cooking oil market is primarily driven by rising health consciousness, increasing demand for edible oils in emerging economies, and urbanization. Consumers are becoming more aware of the benefits of healthier oils such as olive oil, canola oil, and other vegetable oils rich in unsaturated fats, boosting their 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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How big is the cooking oil market | Forecast 2031

Code: MTA5130

Publication Date: Jul 2025

What is the Cooking Oil Market Size?

According to 绿帽社 internal database and industry insights, the Global Cooking Oil Market was valued at USD 202.4 billion in 2024 and is anticipated to exceed USD 296.3 billion by 2031, registering a steady at a CAGR of 4.5% during the forecast period.

Cooking oil market is driven by rising health awareness, growing demand for edible oils, urbanization, and expanding foodservice industry. People are more interested in healthy oils like avocado and olive, more people are cooking at home, and more people are eating plant-based diets. Also, certifications and environmental programs are putting pressure on companies to meet customer expectations and come up with new ideas.

Major Growth Factors of the Cooking Oil Industry

Rising consumer health awareness
Growth in plant-based and home-cooking trends
Sustainability and certification demand
Expansion of specialty oils (e.g., avocado, olive)
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Technological advances in oil processing

Cooking Oil Market Trends

Cooking oil market is shifting toward providing high-end and specialized oils, such as cold-pressed, organic, and high-oleic oils, to meet the changing needs of consumers. Brands are becoming more open by pushing clean-label sourcing and sustainable processing. To fit urban lives, convenient packaging options like bottles and pouches are also growing increasingly popular.

Emerging Developments in the Cooking Oil Industry

Cooking oil market is anticipated to have developments in processing technology, like refining methods that cut down on waste and keep nutrients. Biotech methods and oils made from algae are two things that companies are looking at for sustainable production. In the meantime, supply chains are shifting to keep up with trends that focus on health because of planned growth in organic and cold-pressed oils.